The Business Times, 2 April 2016

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Microfilm: NL33828
Total Pages: 49
1 12 The Business Times
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      68 1 LivingBTTHE BUSINESS TIMES WEEKEND APRIL 2 3 2016 FLEA TRADE ZONES Growing interest in local brands, art and culture giving flea markets a boost L2-4 BEAUTY Lighten up L8-9 MOTORING Lexus IS200t F Sport L11 PHOTO: JEFFREY CHIANG SPORTS S’pore athletes flying the flag high L12 HEALTH Preventing heart complications
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  • BT Living
    • LIVING
      • Article, Illustration
        Lock icon Flea trade zones
        1461 2/3  -  Growing interest in local brands, art and culture is helping to give S’pore’s flea market scene a boost as can be seen from their proliferation all over the island By Avanti Rachel Loi, Tan Teck Heng, Avanti Nim IF THE numerous photos posted on social media are
        1,461 words
      • Article, Illustration
        Lock icon Sparking ideas
        432 2/3  -  By Rachel Loi Edible Garden City at Hort Park LOVE the energy of pop-up markets, but don't particularly enjoy the inconvenience of constantly setting up and tearing down booths? You're not alone. Rob Pearce of the local urban farmers collective Edible Garden City is tired of it too.
        432 words
      • Article, Illustration
        Lock icon Vintage atmosphere
        466 4  -  By Avanti Nim Retro Factory retrofactory@outlook.com WHEN Gary Tan started his Facebook group Retro Factory late last year, he didn’t expect to have more than 300 members in just a few months. He says: “In places like the USA and Europe, people have a real appreciation for all
        RETRO FACTORY PHOTOS: JEFFREY CHIANG  -  466 words
      • Article, Illustration
        Lock icon Upcoming pop-up events
        575 4  -  By Rachel Loi rachloi@sph.com.sg @RachelLoiBT Tan Teck Heng thtan@sph.com.sg Avanti Nim avantin@sph.com.sg The Naked Finn Block 39 Malan Road, Gillman Barracks April 2 (11am-5pm) A year ago, seafood restaurant The Naked Finn moved from its little shack at 41 Malan Road (which now houses the bar Nekkid)
        575 words
    • DINING
      • Article, Illustration
        Lock icon Culinary soulmates
        1006 5  -  The cooking styles of Ivan Brehm and Hideaki Sato may differ but they share a harmony of spirit. By Tay Suan Chiang guest chef By Tay Suan Chiang taysc@sph.com.sg @T aySuanChiangBT THE way chefs Ivan Brehm from Bacchanalia and Hideaki Sato from Ta Vie in Hong Kong speak
        PHOTO OF SATO AND BREHM: YEN MENG JIIN  -  1,006 words
      • Article, Illustration
        Lock icon Four hands way better than two
        626 6  -  Ivan Brehm and Hideaki Sato’s two-night, Four Hands dinner event is easily one of the most inspired meals in Singapore so far this year. By Jaime Ee By Jaime Ee jaime@sph.com.sg @JaimeEeBT THE Michelin guide for Singapore isn’t even out yet, but Ivan Brehm
        626 words
    • HELATH
      • Article, Illustration
        Lock icon Preventing heart complications during surgery
        1389 7  -  It is recommended that those who have an increased risk of heart disease should undergo non-invasive assessment prior to surgery Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is a professor at Fudan University, Shanghai and vice-president of
        FILE PHOTO  -  1,389 words
    • BEAUTY
      • Article, Illustration
        Lock icon Lighten up
        626 8/9  -  Despite Hollywood’s obsession with spray tans and bronzers, flawless pale skin remains a top priority for Asian women. BT Weekend checks out the top whitening breakthroughs and shades of creamy skin to covet. By May Yip By May Yip Looking like a hard-boiled egg might not sound like
        626 words
      • Article, Illustration
        Lock icon Fairest of them all
        715 8/9 Get luminous, glow-from-within skin that would fit any lifestyle with this guide At home Astalift White Shield Drink, S$60 for 10 bottles; Astalift White Brightening Mask, S$22; and Astalift White Perfect UV Clear Solution, S$72 The trio of whitening skincare products contains nano-sized ingredients formulated by
        715 words
    • MOTORING
      • Article, Illustration
        Lock icon A classic reborn
        537 10  -  They may both be roadsters but they are as different as new and old. By Samuel Ee samuelee@sph.com.sg WHAT the flames snatched unceremoniously, Jaguar will rebuild lovingly. About six decades later though. The British carmaker will once again make the XKSS, a street-legal version of the Le
        537 words
      • Article, Illustration
        Lock icon TURBOCHARGED FUN
        613 11  -  The Lexus IS200t F Sport delivers familiar Lexus luxury with newfound driving fun. By Samuel Ee samuelee@sph.com.sg THE adoption of the four-cylinder turbocharged engine has not only allowed Lexus models to lower engine displacement, but also completely changed the character of its cars. The entry-level naturally aspirated 2.5-li-tre
        613 words
    • SPORTS
      • Article, Illustration
        Lock icon Singapore’s athletes flying the flag high
        954 12  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent WHAT an eventful and emotional week it’s been for Singapore sport. The man who grabbed most of the headlines was none other than swimming sensation Joseph Schooling, who did the nation proud by breaking more records
        FILE PHOTOS, FOOTBALL ASSOCIATION OF SINGAPORE  -  954 words
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      222 5 Fill your heart with happiness, and your camera with memories. Delight“Fool” Sale1 3 Apr (Fri Sun) Enjoy Full-day Sigatoka River Safari Combo Tour with Lunch Fly by Fiji Airways Inaugural Flight on 6 Apr 8D Fiji Family Fun Return Airfare by Fiji Airways Return Airport Port Transfers Return Interisland Ferry
      222 words
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      30 7 This series is brought to you by Heart, Stroke and Cancer Centre. It is produced on alternate Saturdays. ~To read more of Dr Lim’s previous health-related articles, visit: http://www.btinvest.com.sg/ specials/shscc
      30 words
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  • Title Section
    Lock icon Masthead
    22 1 weekend THE BUSINESS TIMES www.b sines time .com.sg| .com.sg| APRIL 2-3, 2016 S$1.20| MCI (P) 040/08/2015 S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION
    22 words
  • Article
    Lock icon SingPost chairman exits; more changes expected
    847 1  -  Director says there’ll be ‘more announcements coming’, as the company transforms into e-commerce logistics player By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore THE pending departure of Singapore Post chairman Lim Ho Kee is just the tip of the iceberg, and more changes can be expected
    847 words
  • Article
    Lock icon Two-speed market develops for private-home prices
    756 1  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore A TWO-SPEED market may be emerging in the private residential property market, with the price declines for non-landed units in prime areas and the city fringe moderating, while declines for suburban non-landed units and landed homes accelerate. This
    756 words
  • Article
    Lock icon Rosier picture
    24 1 CHINESE ECONOMY Two separate surveys indicate China’s manufacturing sector expanded in March, as the government’s efforts to stabilise growth kick in. 2
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  • Article
    Lock icon Planning for the future
    33 1 SAUDI MEGAFUND Saudi Arabia is getting ready for the twilight of the oil age by creating the world’s largest sovereign wealth fund for the kingdom’s most prized assets. 2
    33 words
  • Article
    Lock icon Leg up for startups
    35 1 FUTURE ECONOMY Singapore is making a big statement about its enterprise and innovation ambitions with an initiative to promote startups in new, emerging sectors and a fintech office for startups. 5
    35 words
  • Article
    Lock icon Minimum wage up
    33 1 UK ECONOMY Britain’s Conservative government has raised the minimum wage by 7.5 per cent in a move denounced by critics as largely symbolic in an era of state austerity. 23
    33 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon CONTENTS
      49 2 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Mkts 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 Consumer 20 Transport 21 Govt Economy 22-25 Opinion 26-27 Wealth 28-30 Life Culture 31 LIVING Living L2-4 Dining L5-6 Health L7 Beauty L8-9 Motoring L10-11 Sports L12
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    • Article
      Lock icon MARKETS
      136 2 HSTI 2,818.49 (-22.41) HSTI FUTURES 2,792.00 (-22.00) HSIMSCI 318.42 (-2.63) HSIMSCI FUTURES 315.60 (-3.30) STOCKS Friday Change KL COMP 1,710.55 -7.03 NIKKEI 225 16,164.16 -594.51 HANG SENG 20,498.92 -277.78 SET 1,400.72 -6.98 JAKARTA 4,843.19 -2.19 MANILA 7,245.13 -17.17 KOSPI 1,973.57 -22.28 SHENZHEN B 1,137.77 -6.48 MUMBAI 25,269.64 -72.22 10.45
      136 words
    • Article
      Lock icon China’s manufacturing sector improves in March
      579 2  -  Purchasing managers’ indices recorded rises, but analysts say downward pressures are still in force By Virginie Mangin btworld@sph.com.sg Beijing TWO separate surveys have indicated that China’s manufacturing sector improved in March, as the efforts by the Chinese government to stabilise growth kick in. But
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    • Article
      Lock icon Saudi Arabia plans US$2t megafund, to sell shares in Aramco
      340 2 Bloomb erg Riyadh SAUDI ARABIA is getting ready for the twilight of the oil age by creating the world’s largest sovereign wealth fund for the kingdom’s most prized assets. Over a five-hour conversation, deputy Crown Prince Mohammed bin Salman laid
      Bloomberg  -  340 words
    • Article, Illustration
      Lock icon PM Lee urges US to ratify TPP – or lose credibility
      857 3  - PM Lee urges US to ratify TPP or lose credibility He says he still hopes trade pact can get Congress’s green light, even though he is not very optimistic By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore PRIME Minister Lee Hsien Loong remains hopeful that the Trans-Pacific Partnership (TPP) free-trade pact can
      PHOTO: MINISTRY OF COMMUNICATIONS AND INFORMATION  -  857 words
    • Article
      Lock icon Non-farm payrolls up 215,000 in March, wages rebound
      339 3 LATEST US DATA Reuters Washington US employment increased solidly in March and wages rebounded signs of economic resilience that could allow a cautious Federal Reserve to gradually raise interest rates this year. Non-farm payrolls increase d 215 month, the Labor Depart000 l
      Reuters  -  339 words
    • Article, Illustration
      Lock icon Budget has 'right priorities but limited impact’
      595 4  -  YouGov poll among nearly 1,000 people finds support for social policies such as Silver Support By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THE Singapore Budget 2016 had the right priorities, though it may not make much of an impact on a personal level, respondents
      Source: YouGov  -  595 words
    • Article, Illustration
      Lock icon Heng Swee Keat launches innovative initiative, fintech office for startups
      543 5  -  The minister also visits The Hangar, a new co-working space at NUS By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SINGAPORE is making a big statement about its enterprise and innovation ambitions, with Finance Minister Heng Swee Keat presenting on Friday SGInnovate
      PHOTO: NUS ENTERPRISE  -  543 words
    • Article, Illustration
      Lock icon Does a fancy office mean happier workers?
      1041 6  -  We have all enviously eyed the offices of companies such as Airbnb and Facebook. But how much does workplace design really affect staff engagement and productivity? CUBICLE FILES By Vivien Shiao Shufen vshiao@sph.com.sg @VivienShiaoBT Singapore STEP into Airbnb’s new office on Cecil Street
      PHOTOS: AIRBNB; PHOTO: FACEBOOK  -  1,041 words
    • Article
      Lock icon Business sentiment in Japan takes sharp dive
      814 7  -  Survey by central bank of 10,000 businesses shows confidence levels in March at lowest in 3 years By Anthony Rowley btworld@sph.com.sg Tokyo THE sharp and across-the-board drop in Japanese business sentiment revealed in the latest tankan survey by the Bank of Japan (BOJ)
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      37 3 i “Oi -*.**i- Hu Bespoke McIntosh private theatre, by Ong Radio mm ONG RADIO Live the Ultimate.™ The ultimate entertainment experience for homes since 1937. 176 Orchard Road, Tel: 65-*****138 The Centrepoint 03-41 URL: ongradio.com Singapore *****3
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      243 5 The Business Times "The Vortex" Contest ’V m L tJ Starring Jane Seym k rand Award-Winning actoi James Cailwrirfit f’RAZ”, “Johnny ShakeSkW”, “HistotySo a play by Noel Coward RTEX OPENS 27 APRIL Raffles Hotel. Jubilee Hall TICKETS AVAILABLE THRU' SISTIC r it if if it “MASTERFUL... THEATRICAL SHOCKER OF THE
      243 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon The overseas prospect
      2039 8/9  -  Frenchman Christophe Weber, Takeda’s first foreign CEO, is slowly transforming the Japanese pharmaceutical company into one with a global outlook. By Claire Huang By Claire Huang huangjy@sph.com.sg @ClaireHuangBT IT HAS been nearly a year since Christophe Weber took over the reins of Japanese drug maker Takeda Pharmaceutical
      PHOTO: LAURA NG  -  2,039 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon SPH Plug & Play unveils second batch of startups
      422 10  - SPH Plug Play unveils second batch of startups STARTUP SCENE By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore EIGHT tech companies from design crowdfunding to facilities management were unveiled on Friday as the second batch of startups selected for the SPH Plug Play accelerator programme. “These (companies) offer exciting innovations that (address)
      BT FILE PHOTO  -  422 words
    • Article
      Lock icon Wanna track big boys’ stock trades? Spiking levels the playing field for you
      359 10  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore HOMEGROWN fintech startup Aly on Friday launched Spiking, an app that seeks to level the playing field for retail investors by letting them track stock moves of over 8,000 sophisticated investors.
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    • Article
      Lock icon Singapore’s bond rally about to end: traders
      726 10 Bloomberg Singapore THE biggest bond traders in Singapore say a rally that’s challenging Japan in the race to be the world’s best-performing debt market is about to end. A vanishing yield premium versus Treasuries, the outlook for the Federal Reserve to increase US
      Bloomberg  -  726 words
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      Lock icon STI down 1% in week of dovish Fed comments and window-dressing
      526 11  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent THIS week was all about two events Janet Yellen’s comments on Tuesday about US interest rates, followed by window-dressing of key blue chips as the end of the first quarter on Thursday
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    • Corporate digest
      • Article
        Lock icon Matex International
        92 11 TEXTILE specialty chemical maker Matex International will not be going ahead with plans to purchase coal-mining company Blackgold Holdings Hong Kong and its mines in Chongqing, China. This is because parties to the proposed reverse takeover have not extended the long-stop date of March 31, 2016, Matex said
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      • Article
        Lock icon Global Investments
        63 11 MUTUAL fund company Global Investments has agreed to change its fund manager to Singapore Consortium Investment Management, headed by prominent business leader Boon Swan Foo. Its current manager, ST Asset Management, has told Global Investments that its business strategy has changed and that it is winding down the
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      • Article
        Lock icon Nordic Group
        55 11 THE managing director of one of the subsidiaries of Nordic Group will be stepping down on April 15. Anbalagan Rajagopal, 45, will be relinquishing his post at Austin Energy (Asia) to pursue personal interests, the said group on Friday. Current chairman Chang Yeh Hong will be taking over
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    • Article
      Lock icon GAINERS
      77 11 BY CENTS CLOSE UP 52w high/low DBS Bk 4.7% NCPS ***** 63.0 0.6 *****/***** DBXT ASX200 US$ 3405 56.7 1.2 3908/2900 DBXT iBoxxIDR US$ 1040 43.2 3.2 1040/844 DBXT S&P Short US$ 2137 20.2 0.7 2393/2086 Southern Pkg 60 12.0 25.0 60/26.5 BY PERCENTAGE CLOSE UP 52w high/low Infinio
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    • Article
      Lock icon LOSERS
      76 11 BY CENTS CLOSE DOWN 52w high/low JMH USD 5628 -108.0 -1.4 6300/4500 Prudential USD 1870 -108.0 -4.1 2500/1870 JSH USD 2934 -68.8 -1.7 3576/2524 SPDR S&P500 US$ ***** -64.8 -0.2 *****/***** DBXT China50 US$ 2758 -56.7 -1.5 4258/2355 BY PERCENTAGE CLOSE DOWN 52w high/low KepCorp MBeCW*****1A 0.4 -81.0 -1.7
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    • Article
      Lock icon MOST ACTIVE
      34 11 VOLUME Annica 293,350,900 Ezra 106,220,000 Spackman 81,663,600 Noble 75,816,100 IPCO Intl 39,966,800 Market volume 1,832,729,000 VALUE DBS Grp 71,079,552 Singtel 65,801,596 OCBC Bank 46,021,357 JMH USD 45,779,354 UOB 40,085,016 Market value 1,002,230,000
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    • Article
      Lock icon Asia-Pac private equity deals in 2015 set all-time record of US$125b
      382 11  -  By Renald Yeo yrenald@sph.com.sg Singapore PRIVATE equity (PE) deals in the Asia-Pacific market have set new records in 2015 despite the turbulent global economy, an annual report by Bain Company showed on Friday. Deal value spiked 44 per cent
      382 words
    • Article
      Lock icon STI STOCKS
      316 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 238 -1 238/236 271 209 6.1 6255.7 CapitaCom Trust 145.5 -1.5 148/144.5 179 122.5 5.9 4300 CapitaLand 302 cd -5 306/301 379 267 12.1 3 *****.2 CapitaMall Trust 208 -1 210/207 228
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    • Article
      Lock icon SGX ETFs Most Active
      114 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US661 -9 513 669/659 819/575 660/662 82.6 IS ASIA HYG US$ US1034 -3 311 1041/1034 1130/977 1011/1041 STI ETF 283 -3 276 284/281 355/254 282/283 IS Asia BND US US1053 +6 111
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      812 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Mar 28 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Global Premium Hotels 31-Mar-16 Koh Wee Meng Buy 500 0.31 *****0 65.02 *****0 65.07 Epicentre Hldgs 30-Mar-16
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 5 4 0 0 1 8 5 5 Manufacturing 29 42 31 7 7 9 36 49 40 Commerce 9 24 14 1 5 5 10 29 19 Tpt/Stor/Comms 10 18 7
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 12 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,889 983 15,872 51,700 215 51,915 Manufacturing 141,982 340,813 482,795 97,318 1,896 99,214 Commerce 103,460 19,878 123,338 104,600 604 105,204 Tpt/Stor/Comms 183,687 10,439 194,126 171,236 938 172,174 Finance 20,883 20,883 176,490 176,490 Construction 55,657 12,078
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Apr 1 VALUE CLOSE BT OB/OS -179.00 -189.00 BT CADI -*****.00 -69.00 BT 10-day MA -*****.00 -18.00 FTSE ST Mid Cap 684.62 -1.60 FTSE ST Small Cap 396.55 -2.05 FTSE ST All Share 689.15 -5.39 FTSE ST China Top 163.38 -0.74 FTSE ST China 191.78 -1.32 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      84 12 VOL CLOSE($) CHANGE Logistics 2.1 0.225 -0.070 -23.73 Allied Tech 1,250.2 0.028 +0.011 +64.71 TSH 5,316.1 0.098 +0.019 +24.05 Plastoform 20.0 0.255 +0.050 +24.39 ChinaSing Inv 379.9 0.014 +0.003 +27.27 Darco Water Tech 41.0 0.380 +0.050 +15.15 China Env Res 0.2 0.034 -0.005 -12.82 Mary Chia 40.0 0.069
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    • Article
      Lock icon COMMODITY FUTURES
      193 13 Mar-31 Price Net change change Last Trade Agricultural Mar-31 CBOT Soybeans (US cents/bu) 910.75 1.75 0.19% 13/05/2016 CBOT Soybean Oil (US cents/lb) 34.22 0.43 1.27% 13/05/2016 CBOT Wheat (US cents/bu) 473.50 9.50 2.05% 13/05/2016 Mar-31 LIFFE Cocoa (£/tonne) 2156.00 -15.00 -0.69% 13/05/2016 LIFFE Coffee (US$/tonne) 1471.00 0.00 0.00%
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    • Article
      Lock icon PALM OIL
      57 13 Apr 1 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 16 2720.0 2717.0 2730.0 2708.0 35 4342 May 16 2742.0 2736.0 2753.0 2720.0 1945 ***** Jun 16 2759.0 2748.0 2771.0 2734.0 ***** ***** Jul 16 2743.0 2737.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      65 13 Apr 1 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.5 01-Apr-18 99.34 99.38 99.35 5-Year NX*****X 2.250 01-Jun-21 103.9 104.05 103.95 10-Year NX*****Z 2.375 01-Jun-25 104.38 104.67 104.47 15-Year NZ*****F 2.875 01-Sep-30 107.71 20-Year NZ*****V 3.375 01-Sep-33 114.67 30-Year NA*****H
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Apr 1 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0353 1.0363 0.7672 0.7675 Canadian dollar 1.0360 1.0370 0.7680 0.7677 Euro 1.5364 1.5376 1.1385 1.1388 NZ dollar 0.9317 0.9327 0.6904 0.6908 Sterling pound 1.9350 1.9365 1.4339 1.4342
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    • Article, Illustration
      Lock icon STOCK MARKETS
      112 13 Straits Times Index YTD change: -2.23% 52-week high: 3,539.95 on April 15,2015 52-week low: 2,532.70 on Jan 21,2016 Source: Bloomberg Hang Seng Index Source: Bloomberg YTD change: -6.46% 52-week high: 28,442.75 on April 28,2015 52-week low: 18,319.58 on Feb 12,2016 Source: Bloomberg Shanghai Stock Exchange Composite YTD change:
      Source: Bloomberg  -  112 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      208 13 Most active Apr 1 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left CSC Holdings W*****9 1.5 0.3 9103 1 1 9 1.53 56 DBS MB eCW*****1 11.2 -1.3 7784 0.1 1480 3 UOB MB eCW*****4 5.1 -0.9 4614 0.1
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      377 13 In local curr In S$ In US$ dy yr dy yr dy yr Mar 31 Index Change Change Change Change Change Change World Preliminary 1248.0 -0.2 -2.3 -0.3 -5.8 -0.1 -0.7 EAFE Preliminary 940.1 -0.6 -7.2 -0.7 -8.6 -0.5 -3.7 Europe Preliminary 1333.8 -0.9 -5.6
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    • Article
      Lock icon Jaya Holdings gets lifeline to avoid delisting
      467 14  -  It is considering an acquisition of Papua New Guinea-based micro-lender Heduru Moni’s entire equity interest By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore CASH company Jaya Holdings may have again found a way to save itself from being delisted from the Singapore Exchange (SGX), and
      467 words
    • Article
      Lock icon Kingsmen Creatives initiates leadership renewal as it turns 40
      252 14  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore CO-FOUNDER of communication design and production group Kingsmen Creatives Simon Ong, 62, will be stepping down as chief executive officer and group managing director from July 1, 2016. The current group chief operating officer, Andrew
      252 words
    • Article, Illustration
      Lock icon Takashimaya’s dispute may be good news for Starhill’s rentals: analysts
      492 14  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore IN AN indirect way, the rental dispute Takashimaya is in with its landlord could be good news for Starhill Global Reit, analysts believe. This is because the kind of rent Ngee Ann Development is
      ST FILE PHOTO  -  492 words
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  • REAL ESTATE
    • Article
      Lock icon HDB flash data shows Q1 resale price dip
      431 15  -  Consultants say prices are stabilising, given the quarter’s 0.1% drop and the previous quarter’s 0.1% rise By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore RESALE prices of public flats fell a marginal 0.1 per cent in the first quarter of this year, after rising
      431 words
    • Article, Illustration
      Lock icon Anbang abandons Starwood bid, paving the way for Marriott
      529 15 Reuters New York CHINA’S Anbang Insurance Group Co said on Thursday it has abandoned its bid for Starwood Hotels Resorts Worldwide Inc, paving the way for Marriott International Inc to buy the Sheraton and Westin hotels operator. The surprise withdrawal marks
      Reuters; PHOTO: REUTERS  -  529 words
    • Article, Illustration
      Lock icon Seven Palms Sentosa Cove apartment sold at S$3,721 psf
      371 15 This is lower than the previous two deals in the project Singapore AN apartment on the third level of the plush Seven Palms Sentosa Cove has been sold by the developer for S$15.782 million which works out to S$3,721 per square
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    • Article
      Lock icon Househunt
      1161 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN FEB 17 AND FEB 23, 2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LANDAREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED One Shenton Apt 18/02/2016 99 1109 1800 1624 The Sail Marina Bay Apt 17/02/2016 99 861
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Does Britain still need a steel industry?
      1008 18 If Tata’s plants close, the UK will be the first G-7 member not to operate a blast furnace Bloomberg London THE UK once made nearly half the world’s steel. Soon it may produce almost none. Tata Steel Ltd plans to sell its UK
      Bloomberg; PHOTO: AFP  -  1,008 words
    • Article
      Lock icon Japan gives consumers more sway in choosing power retailers
      379 18 Bloomberg Tokyo JAPANESE consumers were able to choose their power providers for the first time on Friday as part of a decades-long opening of the county’s electricity market aimed at weakening the grip of regional power utilities. The opening is being
      Bloomberg  -  379 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Silicon Valley should rein in unicorns: SEC
      652 19 Agency head wonders if sky-high valuations make firms seem more valuable than justified Bloomberg Washington THE head of the US Securities and Exchange Commission (SEC) ventured deep into Silicon Valley to warn the tech community and its investors to be wary of unicorns.
      Bloomberg; FILE PHOTO  -  652 words
    • Article, Illustration
      Lock icon Recording artistes call for change in US copyright law
      510 19 Bloomberg Los Angeles KATY PERRY, Billy Joel and Rod Stewart are asking the US government to reform provisions of the copyright law that they say enrich large technology companies at their expense. The three are among the more than 100 artistes
      Bloomberg; PHOTOS: AFP, SONY MUSIC  -  510 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Jollibee out to spread its wings globally
      475 20  -  It picks Singapore as one of first markets to launch menu featuring chicken items By Grace So graceso@sph.com.sg Singapore PHILIPPINES-BASED fast-food chain Jollibee is aggressively expanding its global presence, and has chosen Singapore as one of the first few markets to carry its
      FILE PHOTO  -  475 words
    • Article, Illustration
      Lock icon Two US fantasy sports firms stop games related to university sports
      414 20 AFP New York DAILY fantasy sports sites FanDuel and DraftKings have halted games involving popular and lucrative university sports, according to documents obtained on Thursday by AFP. The voluntary decision is part of an agreement with the National Collegiate
      AFP; PHOTO: REUTERS  -  414 words
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  • TRANSPORT
    • Article
      Lock icon Boeing takes spare parts job from supplier
      416 21 Shift marks loss of lucrative segment of Spirit AeroSystems’ business, potential gain for planemaker Reuters New York BOEING Co said it is ending an agreement with one of its largest suppliers, Spirit AeroSystems Holdings Inc, effectively taking away manufacturing of profitable spare parts
      Reuters  -  416 words
    • Article, Illustration
      Lock icon Uber CEO must face passengers’ price-fixing lawsuit, judge rules
      412 21 Reuters New York TRAVIS Kalanick, chief executive officer of Uber Technologies Inc, failed on Thursday to win the dismissal of an antitrust lawsuit accusing him of scheming to drive up prices for passengers who use the popular ride-sharing service. US District
      Reuters; PHOTO: REUTERS  -  412 words
    • Article
      Lock icon Car recalls: NHTSA won’t consider impact on Takata
      416 21 US agency says it will focus only on safety, as it must under law Bloomberg Washington THE chief US auto-safety agency says it won’t take Takata Corp’s financial viability into account when it decides whether to expand further the largest-ever auto-safety recall.
      Bloomberg  -  416 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon China’s antitrust proposals spark concern
      797 22 They may be used to force foreign businesses to transfer technology to Chinese competitors Reu ters Beijing FOREIGN companies with dominant market positions could be increasingly forced to license technology to competitors or face sanctions under China’s latest draft antitrust policy guidelines, according to foreign
      Reuters  -  797 words
    • Article, Illustration
      Lock icon Kurdish-Turkish conflict playing out in Germany
      586 22 WP Washington GEOGRAPHICALLY, Germany may be far away from Turkey where violent clashes between Kurds and Turkish soldiers have become normality. However, the conflict increasingly plays out in Germany, as well. About 1.5 million Turks live in Germany, more than in any other country
      WP; PHOTO: REUTERS  -  586 words
    • Article, Illustration
      Lock icon Britain raises minimum wage
      624 23 But critics denounce move as largely symbolic in an era of state austerity AFP London BRITAIN’S Conservative government raised the minimum wage by 7.5 per cent on Friday in a move denounced by critics as largely symbolic in an era of state austerity. Around 1.8 million
      AFP; payments.AFP FILE PHOTO  -  624 words
    • Article
      Lock icon Italy’s PM under fire amid graft scandal
      621 23 AFP Rome ITALIAN Prime Minister Matteo Renzi faced calls to resign on Friday after one of his ministers was forced to quit over allegations that she tweaked the country’s 2015 budget to suit her businessman boyfriend. Economic Development Minister Federica Guidi stepped down
      AFP  -  621 words
    • Article, Illustration
      Lock icon Bank Indonesia gets chatty with markets
      653 24 The central bank runs WhatsApp chatrooms with groups of local economists Reuters Jakarta A NEW chat group on the instant messaging phone application WhatsApp is helping Indonesia’s central bank improve its reputation for managing market expectations, something it has struggled with in the past.
      Reuters; PHOTO: REUTERS  -  653 words
    • Article
      Lock icon One in 8 adults now obese: global survey
      677 24 AFP Paris MORE than one in eight adults are obese a ratio that has more than doubled since 1975 and will swell to one in five by 2025, a major survey reported on Friday. Of about five billion adults alive in 2014,
      AFP  -  677 words
    • Article, Illustration
      Lock icon The great deleveraging and political revolt
      1329 25 For many Americans, the end of the credit cycle has been jarring fuelling the current desperation and anger Bloomberg New York AMERICANS lost so much in 2008 jobs and homes, incomes and wealth that the recession still dominates the public mood three elections later.
      Bloomberg; PHOTO: BLOOMBERG  -  1,329 words
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      51 23 HOT PROPERTY LIFESTYLE LIVING WITH pool! 3-sty Terr. 5rms Land 1623sf 99yrs Tai Keng Gdns. $1.9xM GLASGOW RD. INTER terrace. 999 yrs. 5 bdrms, 4 bathrms. high ceiling, est 2700/3200 sf. Kovan MRT. $2.95M neg LANDED PROPERTIES FOR SALE! Check out these properties and more in The Straits Times Classified
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      17 25 *=>0:@47.1153 =A%E9"$F!#$;;9F F!96C!D D!?!%/8$%BC;$< 9E9A%DB @A%EEAB reaches seven-month low To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • OPINION
    • Article, Illustration
      Lock icon Europe must adapt to a dangerous world
      1308 26 / 27  -  Economic clout alone does not protect it from terrorism; EU leaders must project influence abroad to shape the international system. By Daniel Twining By Daniel Twining ~The writer is director and senior fellow for Asia at the German Marshall Fund of the United
      YaleGlobalOnline; PHOTO: AFP  -  1,308 words
    • Article
      Lock icon SG-Innovate a boon for S’pore entrepreneurs and startups
      818 26 / 27  -  By Dominic Gamble ~The writer is co-founder and CEO of findaWEALTHMANAGER.com, an online services that matches investors to wealth managers BURIED deep in the Singapore government’s Budget 2016 past the Corporate Income Tax Rebates section, beyond the Enhancement to Revitalisation of Shops
      818 words
  • Page 26 / 27 Miscellaneous
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  • Wealth
    • WEALTH INSIGHTS
      • Article, Illustration
        Lock icon Reckoning time for hedge fund trades
        1059 28 / 29  -  Momentum stock trading a strategy which paid off big in 2015 blows up in the last three months, posting the worst quarter in six years. By Dani Burger By Dani Burger Bloomberg ONE of the most popular hedge fund trades just hit a wall.
        Bloomberg; PHOTO: AFP  -  1,059 words
      • Brokers’ take
        • Article
          Lock icon Starhill Global Reit Buy
          247 28 / 29 DBS Group Research April 1 April 1 close: S$0.785 Target price: S$0.84 WE believe that the upcoming rent review for the Toshin lease at Ngee Ann City is a near-term catalyst. This rent renewal will have a significant impact on distributions as Toshin accounts for about
          247 words
        • Article
          Lock icon Triyards Holdings Hold
          187 28 / 29 UOB Kay Hian Research April 1 April 1 close: S$0.39 Target price: S$0.47 OUR channel check indicates that several liftboat orders have been delayed. A large part of this arises from customer Ezion, who had in its FY15 earnings briefing said that it was delaying several newbuild
          187 words
        • Article
          Lock icon PACC Offshore Services Holdings Buy
          250 28 / 29  -  Compiled by Kenneth Lim Maybank Kim Eng Research April 1 April 1 close: S$0.36 Target price: S$0.42 PACC Offshore Services Holdings (POSH) said that it has successfully renewed its semisub accommodation vessel (SSAV), POSH Xanadu, for another year with Petrobras. It did not disclose the
          250 words
      • Article, Illustration
        Lock icon Trade of a decade? It doesn’t bode well for emerging markets
        863 30 Falling exports and contracting manufacturing persist, unlike the forces behind the rally Bloomberg New York /London BEHIND the best gains for emerging markets since 2009, there are some ominous signs that the rally is about to hit a wall.
        Bloomberg; PHOTO: AFP  -  863 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon First day on the job for Japan’s new recruits
      528 31 Annual ritual on April 1 coincides with start of country’s fiscal year AFP Tokyo HUNDREDS of thousands of Japanese started their first day on the job on Friday in an annual ritual born from the country’s fast-disappearing jobs-for-life work culture. More
      AFP; PHOTO: REUTERS  -  528 words
    • Article
      Lock icon Many companies marketing to millennials miss their target
      474 31 Bloomberg New York COMPANIES bending over backwards to sell to millennials are doing the one thing the cohort hates most: trying too hard. Attempts at wooing the emoji generation are often rewarded with a deafening ho-hum. Tic Tac put out a candy
      Bloomberg  -  474 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      314 31 CRYPTIC CROSSWORD Across 1 Award for music or endless dancing (4,4) 6 A day in care that’s arranged in passageway (6) 9 Stationary volunteers held back others (2,4) 10 Musical instrument in shape? (8) 11 I add blue variegated plant (8) 12 Defame African country no good after revolution (6)
      314 words
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      110 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENNIA A HARSH, UNYIELDING ENVIRONMENT; AND SINCE 1875 THE HOME OF AUDEMARS PIGUET, IN THE VILLAGE OF LE BRASSUS. THE EARLY WATCHMAKERS WERE SHAPED HERE, IN AWE OF THE FORCE OF NATURE YET DRIVEN TO MASTER
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      50 1 2-3 APRIL 2016 THE BUSINESS TIMES WEEKEND NickickckOFALD WHY HIS LAGUNA LANG CO O HY HIS LAGUNA LANG C M COURSE IN VIETNA Z’ GIVES HIM A ‘REAL BUZ KIRADECH APHIBARNRATHIBARNRATIBARNRAT ASIA’S JOHN DALY DREAMS OF DONNING THAT GREEN JACKET QUICK LEARNER HOW JORDAN SPIETH BROKE THROUGH AT THE MASTERS
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  • 2-3 APRIL 2016 THE BUSINESS TIMES WEEKEND Swing sphgolf
    • editor’s letter
      • Article, Illustration
        Lock icon IT’S GETTING HOT OUT THERE, SO...
        696 2  -  The ardent golfer would play Mount Everest if somebody put a fl agstick on top. PETE DYE BY S. MURALI The weather man has spoken. Things are hot in Singapore and only going to get hotter. Thanks to El Nino and some other unusual
        Illustration by Cel Gulapa  -  696 words
    • Article, Illustration
      Lock icon A SPECTACULAR CHALLENGE
      724 4/5  -  Every golf course boasts its own particular environment. The links courses of northern Europe feature vast wind- swept fairways, while the beautifully manicured courses of Americas can be a feast for the senses. The forested and hilly courses of Asia provide uncompromising challenges to even the most
      Photos by Laguna Lang Co  -  724 words
    • Article, Illustration
      Lock icon PROPERTIES AT LANG CO
      861 4/5 Over the past five years, the central Vietnmase coastal city of Da Nang has grown into a new destination of choice for golfers. The likes of Montgomerie Links and, DA Nang Golf Club have become popular with many golfers from Singapore, Hong Kong, South Korea and
      861 words
    • Article, Illustration
      Lock icon EVEN THE PLAYERS RUN AFOUL OF AUGUSTA NATIONAL
      732 6  -  UNDERCOVER TOUR PRO with Max Adler Iin i rst EVEN RUN AUGUSTA UNDERCOVER ’ve played I’m comfortable but the fi edge. Augusta National ’ve played in three Masters. I’m comfortable there, but the first time I was definitely on edge. Augusta National
      illustration by Sam Island  -  732 words
    • Article, Illustration
      Lock icon A DREAM COME TRUE
      902 7  -  BY JOHN CREAN When Kiradech Aphibarnrat becomes just the fifth Thai to play the Masters this month it will be a “dream come true” though his aspirations go well beyond just smelling the flowers and drinking in the atmosphere at Augusta. Although only three players have
      902 words
    • Article, Illustration
      Lock icon QUICK LEARNER
      3252 8/9  -  HOW JORDAN SPIETH ALMOST WON THE MASTER AT 20, AND HOW HE TIED THE SCORING RECORD TO WIN BIG AT 21. WHAT'S NEXT BY JAIME DIAZ The Masers rnament, in his ng soltary eion a xas. N SPIEH LMOST WON D H SCORING RCORD O WIN BIG A
      photos by Walter looss Jr., Donald Miralle, J.D. Cuban  -  3,252 words
    • tried & tested
      • Article, Illustration
        Lock icon WEDGE INNOVATION
        243 10  -  BY TAN JU KUANG U KUANG The new Titleist Vokey Design SM 6 wedges profess three new technologies that put them in the cutting edge of the game’s scoring clubs. The Spin Milled wedges feature Titleist’s ground-break-ing Progressive Centre of Gravity (CG) technology whereby the impact position of
        243 words
      • Article, Illustration
        Lock icon SWING FREE FOR GREATER POWER
        251 10 If colour and a sense of playfulness is your thing, and you don’t want to compromise performance for them, then you can bring it on the course by wearing FootJoy’s new line of shoes Freestyle. While the name hints at the line’s stylish accent of
        251 words
      • Article
        Lock icon PINNACLE OF PERFORMANCE
        165 10 The ever-popular Pinnacle golf balls return in two new renditions with re-en-gineered technologies offering greater distance and better feel. The Pinnacle Rush ball has a high-energy core to deliver higher initial velocity for greater distance and an advanced icosahedral dimple design for a more penetrating flight. The
        165 words
      • Article, Illustration
        Lock icon FLIGHT OPTIMISATION
        343 10 If enjoying your golf game is your key concern, then the new Honma Beres 05 range of drivers, fairway woods and irons have been designed with you in mind. The premium Japanese brand launched three 05 lines this year including the S/IS-05 and U-05 series in January and
        343 words
    • Article, Illustration
      Lock icon The GREATEST SHOW ON TURF
      677 11 THE PGA TOUR IS A LONG-RUNNING CIRCUS OF NICKNAMES Nr icknames are one of golf’s most entertaining traditions. ot long ago, The Wall Street Journal lamented that this era of Tour players is woefully short on sobriquets. But hang around the range or the locker
      John by illustrations  -  677 words
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      Lock icon Page 3 Advertisements Column 1
      172 3 EVENT TO BE MISSED! THE NOT TO BE MISSED! Seven years and counting, the League has proven to be the ultimate networking platform for golfers to meet some of Singapore’s top business executives, industry professionals and decision makers, all while experiencing six of Singapore’s premier courses ars and counting, th
      172 words
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      51 4/5 ma Superior taste fil 100% Natural Not from concentrate No added colors flavors Fat free Gluten free Cholesterol free 5 Essential electrolytes Potassium Calcium Magnesium Phosphorus Sodium The Natural Hydration for You 4* .7 31 m II: isA 3 Pa' 1 Cocon ater For Better Hydration 5 Essential Electrolytes 500
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      30 12 OYSTER PERPETUAL DATEJUST 31 t ROLEX <€>> cortinawatch CHINATOWN POINT, #01-08/09. TEL: 8702 0061 PARAGON, #01-13. TEL: 6235 0084 RAFFLES CITY, #OI-36A. TEL: 6339 9185 WATCH FEATURED SUBJECT TO STOCK AVAILABILITY
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