The Business Times, 5 April 2016

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Microfilm: NL33828
Total Pages: 67
1 28 The Business Times
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  • Title Section
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    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 Tuesday, April 5, 2016
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  • Article
    Lock icon DAILY DIGEST
    166 1 The Labour Movement will help workers and companies cope with the downturn, which is structural in nature. TOP STORIES 2 A leading indicator for factory output rises in March, but the manufacturing sector is likely to stay stuck in a slump for at least some months to come.
    166 words
  • Article, Illustration
    Lock icon Businesses should rely on their own wits, less on government
    876 1  -  Companies must drive their own transformation, and some may have to fail, say MPs SINGAPORE BUDGET 2016 By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT By Kelly Tay kellytay@sph.com,sg @KellyTayBT Singapore STRIDENT calls for the government to do more to help businesses are
    FILE PHOTO  -  876 words
  • Article, Illustration
    Lock icon Maybank S’pore inks novel hotel-backed Islamic finance deal
    699 1  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore SINGAPORE’S fledgling Islamic finance sector received a boost on Monday with Maybank Singapore announcing a first-of-its-kind Islamic financing deal worth S$260 million. The deal, which has a hotel as the underlying security, was inked between
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  • Article
    Lock icon MARKETS
    25 1 Monday Change STI 2,835.35 +16.86 KL COMP 1,725.24 +14.69 NIKKEI 225 16,123.27 -40.89 HANG SENG Closed SHENZHEN B Closed DOW (11.45AM EDT) 17,762.45 -30.30
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  • TOP STORIES
    • Article
      Lock icon Pressing need for all to help workers: Chan Chun Sing
      828 2  -  NTUC will work with employers and govt to minimise structural unemployment, he says SINGAPORE BUDGET 2016 By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THE labour movement in Singapore will have to quicken its pace in helping workers and companies cope with
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    • Article
      Lock icon MPs flag challenges of more targeted approach
      579 2  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore EVEN as Members of Parliament (MPs) applauded the shift towards a more targeted approach to restructuring the economy, several flagged the potential pitfalls of the undertaking. For one, the implementation of more focused policies could prove sloppy
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    • Article, Illustration
      Lock icon Benefits of fiscal boost will take time to filter through, say economists
      648 2  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THE expansionary aspects of Singapore Budget 2016 might come as growth softens, but economists are not expecting to see the impact in the near-term. “My sense is that the fiscal impulse won’t
      Source: Department of Statistics, Ministry of Finance  -  648 words
    • Article
      Lock icon There’s still room for one chamber to rule them all, says industry
      1242 2  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore THE idea of an apex business chamber is still relevant, despite the government’s shift towards a more targeted and sectoral approach to policy to drive the transformation of industry, say observers. In
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    • Article, Illustration
      Lock icon March output index up but still mired in contractionary mode
      601 4  -  Economists say Singapore improvement in line with global and regional PMI readings By Chuang Peck Ming pecming@sph.com.sg @PeckmingBT Singapore A LEADING indicator for factory output rose in March, but the manufacturing sector is likely to stay stuck in a slump
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    • Article, Illustration
      Lock icon Beware growing threat from emerging-market shocks, says IMF
      625 4  -  By Anthony Rowley btworld@sph.com.sg Tokyo STOCK investors, along with poli-cy-makers, need to pay more attention to what is going on in the world’s leading emerging economies China’s especially as evidence of financial “spillovers” from emerging to advanced markets continues to mount, the
      PHOTO: AFP  -  625 words
    • Article
      Lock icon Signs of economy slowing as February factory orders fall
      520 4 LATEST US DATA REUTERS Washington NEW orders for US factory goods fell in February and business spending on capital goods was much weaker than initially thought, the latest indications that economic growth slowed further in the first quarter. The Commerce Department
      REUTERS  -  520 words
    • Article
      Lock icon Prompt bill payments by S’pore firms down quarter on quarter
      463 4  -  They fall to 41% in Q1 as slow payments rise to over 46% By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE companies were more tardy about paying bills in the first quarter of 2016, repeating the sharp uptick seen a year
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    • Article, Illustration
      Lock icon In payments war, PayPal bears arms for the little guy
      950 6  -  PayPal is banking on better fraud protection for merchants in South-east Asia such as freelancers and small-time entrepreneurs By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE payments market has never been so competitive, but with the advent of technology, PayPal is
      FILE PHOTO  -  950 words
    • Article
      Lock icon Nominations open for Emerging Enterprise Award 2016
      400 6  -  By Renald Yeo yrenald@sph.com.sg Singapore THE call for nominations for this year’s Emerging Enterprise Award 2016 (EE 2016) is now open, with a total prize purse of S$ 1.5 million up for grabs. The purse, up from S$ 1.4 7 million last year,
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    • Article
      Lock icon DRB Hicom up 5% on hopes of government support
      688 6  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur SHARES of DRB-Hicom Bhd rose 5 per cent on Monday to RM1.11 (S$0.38), as investors bet that the government would give its loss-making automotive unit Proton Holdings up to RM3 billion in soft loans and
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      186 4 7 DAYS TO PROWINE ASIA 2016! 12-15 April 2016 Singapore Expo, Hall 10 International Trade Fair for Wines and Spirits Pro Wine For trade visitors only VISIT THE INAUGURAL PROWINE ASIA 2016 IN SINGAPORE! Newest addition to ProWein World world's leading wines spirits trade fairs More than 300 established wineries
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    • Advertisement
      Lock icon Page 4 Advertisements Column 2
      28 4 Paintthetown red, or just your room Find painters to do the job or promote your services in CLASS 112 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      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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  • COMPANIES & MARKETS
    • Article
      Lock icon For Halcyon Agri, a gamble that has paid off
      790 8  -  HOCK LOCK SIEW BY ANDREA SOH sandrea@sph.com.sg @AndreaSohBT THE offer by Chinese state-owned conglomerate Sinochem International Corp for Halcyon Agri last week was no surprise, coming as it did after months of market rumours about such a deal. But the path
      790 words
    • Article, Illustration
      Lock icon SPH Reit maintains Q2 DPU on steady performance
      535 8  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SPH Reit announced a distribution per unit (DPU) of 1.4 Singapore cents for the second quarter ended Feb 29, 2016, as it delivered a steady performance amid a challenging retail environment and modest economic outlook. The
      ST FILE PHOTO  -  535 words
    • Article
      Lock icon Aspial responds to Reuters report, says balance sheet is sound
      706 8  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore ASPIAL on Monday clarified that its balance sheet remains sound, given its growing property development business and a “fast-to-launch” strategy for all its development projects as opposed to a land-banking strategy. The jewellery and
      706 words
    • Article, Illustration
      Lock icon Oil falls as investors lose confidence in production freeze deal
      438 8 REUTERS London OIL fell on Monday as investors ditched some of their bullish bets on another price rise and the chances that top exporters will agree to rein in overproduction appeared to fade. Iran will continue increasing oil production and
      REUTERS; PHOTO: AFP  -  438 words
    • Article
      Lock icon Optus to axe up to 480 jobs as it revamps divisions
      319 8 BLOOMBERG Singapore OPTUS, Australia’s second biggest mobile phone carrier, plans to cut as many as 480 jobs as it revamps its consumer and enterprise divisions and seeks sustainable growth. The unit of Singapore Telecommunications Ltd notified affected employees on
      BLOOMBERG  -  319 words
    • Article, Illustration
      Lock icon Trade in SGX iron ore derivatives soars, drawing more players
      719 10  -  Spike in volume and liquidity allows more to trade larger positions without the previous execution risk By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore TRADING volume of iron ore derivatives on the Singapore Exchange hit a record high in March as the
      Source: SGX  -  719 words
    • Article
      Lock icon Japan pension fund’s new boss unfazed by short-term market falls
      985 10 BLOOMBERG Tokyo THE new head of the world’s biggest pension fund says you’re more likely to find him in a Tokyo bookstore than at his desk agonising over short-term market declines. Norihiro Takahashi joined Japan’s US$1.3 trillion Government Pension Investment
      BLOOMBERG  -  985 words
    • Article
      Lock icon Rickmers Maritime surge prompts query from SGX
      487 11  -  Units up as much as 38.6% before closing 36.1% higher HOT STOCK By Angela Tan angelat@sph.com.sg Singapore UNITS of Rickmers Maritime soared as much as 38.6 per cent in heavy trade on Monday, prompting the Singapore Exchange (SGX) to query the trust on
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    • Article
      Lock icon March share buybacks down along with market
      373 11  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore SHARE buybacks are often associated with market downturns. But though Singapore stocks were sharply lower in March this year from the previous year, listed companies’ appetites for snapping up their own shares appear to have faded. The
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    • CORPORATE DIGEST
      • Article
        Lock icon NauticAWT
        104 11 OIL and gas solutions provider NauticAWT will acquire, through its wholly owned subsidiary Nautic Materials Sdn Bhd, approximately 0.6586 hectares of freehold land and a production facility of 6,586 square metres in Johor Baru for about RM18 million (S$6.2 million). The acquired facility, currently rented by Nautic Materials to
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      • Article
        Lock icon Pteris Global
        64 11 PTERIS Global, a solutions provider of airport logistics systems, on Monday announced the resignation of Zheng Zuhua as group chief executive officer, and his redesignation from executive director to the non-executive chairman of the board of directors. Li Yinhui resigned as non-executive chairman and non-executive director, while Chang
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    • Article, Illustration
      Lock icon STI / Catalist
      63 12 STI Catalist Straits Times index April 4,2016 2,835.35 +16.86 (+0.60%) Current streak 1 day Day high 2,846.09 Day low 2,817.51 52-week high 3,539.95 (Apr 15, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index April 4,2016 455.93 +0.55 (+0.12%) Current streak 1 day Day high 457.35 Day low
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    • Article, Illustration
      Lock icon STI rebounds 17 points in low volume
      644 12  -  Supporting sentiment from June Dow futures about 25 points in the black in absence of HK, China direction STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT WITH Hong Kong and China closed for a public holiday, trade volume in Singapore dwindled to its lowest in
      Source: Bloomberg  -  644 words
    • Article
      Lock icon STI STOCKS
      317 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 241 +3 242/238 271 209 6.1 6334.6 CapitaCom Trust 145 -0.5 146.5/145 179 122.5 5.9 4285.2 CapitaLand 302 cd unch 306/301 379 267 12.1 3 *****.2 CapitaMall Trust 210 +2 211/207 228
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    • Article
      Lock icon MOST ACTIVE
      35 12 VOLUME Annica 169,057,100 RickmersMaritime 105,311,900 Ezra 97,062,600 OKH Global 93,907,300 HLH Grp 63,635,700 Market volume 1,490,771,000 VALUE Singtel 54,529,673 DBS Grp 48,281,896 Global Logistic 46,787,055 UOB 30,209,702 Keppel Corp 27,713,460 Market value 744,366,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Apr 4 VALUE CLOSE BT OB/OS -206.00 -27.00 BT CADI -*****.00 +11.00 BT 10-day MA -*****.00 -21.00 FTSE ST Mid Cap 685.10 +0.48 FTSE ST Small Cap 395.76 -0.79 FTSE ST All Share 692.07 +2.92 FTSE ST China Top 164.44 +1.06 FTSE ST China 193.85 +2.07 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 12 STI FTSE ST All-Share ftse ST All-Share index April 4,2016 692.07 +2.92 (+0.42%) Current streak 1 day Day high 693.54 Day low 688.61 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 12 STI MSCI EAFE MSCI EAFE index April 1,2016 1,616.23 -35.81 (-2.17%) Current streak 2 days Day high 1,649.44 Day low 1,609.89 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 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 3 6 0 0 1 5 3 7 Manufacturing 36 38 28 4 17 10 40 55 38 Commerce 18 18 13 6 2 3 24 20 16 Tpt/Stor/Comms 16 11 6
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,097 2,008 20,105 60,608 432 61,041 Manufacturing 95,542 208,788 304,330 69,398 1,378 70,776 Commerce 80,069 33,988 114,057 72,235 1,332 73,567 Tpt/Stor/Comms 264,080 713 264,793 150,621 61 150,681 Finance 33,343 24 33,367 110,200 4 110,204 Construction
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    • Article
      Lock icon SGX ETFS
      110 12 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 285 +2 161 286/283 355/254 284/285 ABF SG Bond ETF 118.5 67 118.5/118.2 119/110.2 118.2/119 540.9 DBXT MSBrazil US$ US293 +6 54 293/292 399/190 295/296 IS MS INDIA US$ US668 +7 42 668/664 819/575
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    • Article
      Lock icon GAINERS
      75 12 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 232.4 0.8 *****/***** DBXT MSUSA US$ 5338 154.1 2.2 5573/4705 DBXT iBoxxUSTr US$ ***** 81.1 0.3 *****/***** DBXT China50 US$ 2789 41.9 1.1 4258/2355 Lyxor ChinaH US$ 1250 27.0 1.6 2055/999 BY PERCENTAGE CLOSE UP 52w high/low LifeBrandz 0.4
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    • Article
      Lock icon LOSERS
      74 12 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -213.5 -1.3 *****/***** DBXT ASX200 US$ 3275 -175.7 -3.8 3908/2900 DBXT STGLDv US$ 2950 -104.1 -2.5 3243/2731 JMH USD 5585 -58.1 -0.8 6300/4500 DBXT Vietnam US$ 2137 -25.7 -0.9 2786/2017 BY PERCENTAGE CLOSE DOWN 52w high/low Blumont 0.1 -50.0 -0.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      79 12 VOL CLOSE($) CHANGE RickmersMaritime 105,311.9 0.113 +0.030 +36.15 Attilan 40,753.4 0.004 +0.001 +33.33 Abundance Intl 387.0 0.049 -0.014 -22.22 Mirach Energy 2,738.6 0.145 +0.024 +19.84 Edition 3,470.0 0.010 -0.001 -9.09 CSC 35,631.0 0.026 +0.003 +13.04 Lion Asiapac 11.1 0.270 +0.035 +14.89 Resources Prima 44,197.8 0.059 +0.006 +11.32 Infinio
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    • BROKERS’ TAKE
      • Article
        Lock icon Global Logistic Properties | Buy
        333 12 Global Logistic Properties Buy April 4 close: S$1.985 Target price: S$2.68 OCBC investment Research, April 4 Global Logistic Properties (GLP) recently announced that it has signed a 15,000 square metre (161,000 square feet) lease with Akachan House at GLP Narita in Greater Tokyo. Akachan House, a leading e-commerce retailer for
        333 words
      • Article
        Lock icon Raffles Medical Group | Reduce
        190 12  - Raffles Medical Group Reduce Compiled by Kenneth Lim April 4 close: S$4.54 Target price: S$4.23 CIMB Research, April 1 Raffles Medical Group’s (RFMD) share price has rebounded (+6 per cent) since its Q4 results and is currently trading at 25.8 times 2016 enterprise value to earnings before interest, tax, depreciation
        190 words
    • Article
      Lock icon Falling commodity prices give US$ the edge
      396 13 CURRENCIES REUTERS London THE struggling US dollar edged up from a 51/2-month low on Monday, helped by a fall in oil and copper prices that weakened commodity-related currencies and gave the US currency a foothold after its worst week in two months. The
      REUTERS  -  396 words
    • FOREX RATES
      • Article
        Lock icon US$/S$ FORWARD RATES
        22 13 Apr 4 S$ Bid Offer 1-month 1.3518 1.3522 2-months 1.3523 1.3529 3-months 1.3528 1.3535 6-months 1.3541 1.3549 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        2 13
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 13 Apr 4 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.995 4.934 0.669 5.906 50.428 100.353 0.850 8.750 2.964 1.109 79.723 35.107 1.029 11.262 0.731 24.608 26.822 0.535 0.762 Canada 1.005 4.959
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 13
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      • Article, Illustration
        Lock icon DOW JONES
        2 13
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 13 Apr 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0288 1.0297 0.7613 0.7618 Canadian dollar 1.0341 1.0348 0.7655 0.7652 Euro 1.5379 1.5388 1.1380 1.1384 NZ dollar 0.9273 0.9281 0.6862 0.6866 Sterling pound 1.9220 1.9229 1.4222 1.4226
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      • Article, Illustration
        Lock icon NIKKEI
        1 13
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        BONDS, WARRANTS, PREFERENCE SHARES
        201 13 Most active Apr 4 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left CSC Holdings W*****9 1.9 0.4 ***** 1 1 12 1.37 56 DBS MB eCW*****1 11 -0.2 7198 0.1 1480 3 Rowsley Ltd W*****3 1 0.1 4200 1
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      • Article
        MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 13 In local curr In S$ In US$ dy yr dy yr dy yr Apr 1 Index Change Change Change Change Change Change World Preliminary 1239.3 -0.5 -3.0 -0.4 -6.3 -0.8 -1.6 EAFE Preliminary 924.5 -1.7 -8.8 -1.8 -10.3 -2.2 -5.8 Europe Preliminary 1319.5 -1.1 -6.6
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      • Article
        SGX DERIVATIVES TRADING
        386 13 Apr 4 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Apr16 9590.00 9645.00 9542.50 7424 *****7 May16 9527.50 9585.00 9507.50 116 2872 NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 *****6 *****0 Sep16 *****.00 *****.00 *****.00 *****.00 188 657 MSCI TAIWAN INDEX FUTURES
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    • BANK RATES
      • Article
        INTERBANK RATES
        154 13 Apr 4 $S Offer Bid 0vernight 0.06 0.02 1-month 0.7500 0.6250 2-months 1.0000 0.8750 3-months 1.0625 0.9375 Overnight mode: 0.05 US$ 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
        GOVERNMENT SECURITIES
        63 13 Apr 4 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.34 5-Year NX*****X 2.250 01-Jun-21 103.97 103.90 103.90 10-Year NX*****Z 2.375 01-Jun-25 104.41 104.55 104.54 15-Year NZ*****F 2.875 01-Sep-30 107.79 20-Year NZ*****V 3.375 01-Sep-33 114.81 30-Year NA*****H 2.750 01-Mar-46
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    • AGRI METALS ENERGY
      • Article
        COMMODITY FUTURES
        250 13 Apr-1 Price Net change change Last Trade Agricultural Apr-1 CBOT Soybeans (US cents/bu) 918.25 7.50 0.82% 13/05/2016 CBOT Soybean Oil (US cents/lb) 34.45 0.23 0.67% 13/05/2016 CBOT Wheat (US cents/bu) 475.75 2.25 0.48% 13/05/2016 Apr-1 LIFFE Cocoa (£/tonne) 2127.00 -29.00 -1.35% 13/05/2016 LIFFE Coffee (US$/tonne) 1471.00 0.00 0.00%
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    • Article
      SGX MAINBOARD
      1802 14 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last vol Day Div GrYld 153 127 AIMSAMP Cap Reit 135 +1 188 135 134 1 8.2 857.7 MCap 175.5 101 ARA Asset Mgmt 117cd +1 10 118 117 1.7
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    • Article
      SGX CATALIST
      282 14 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last Vol Day Div GrYld Net MCap High LOW 19.9 11.2 t Anchor Resources 11.2 -0.9 3199 12 11.2 31.3 Sale ('000) High Low C'vr P/E 35 8.8 t 3Cnergy 9.5
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    • Article
      SGX ETF
      121 14 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 4258 2355 DBXT China50 US$ US2789 +31 5 2789 2765 7.7 High 399 190 DBXT MSBrazil US$ US293 +6 54 293 292 1750 995 DBXT MSCHINA US$
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      6788 9 THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. If Noteholders (as defined below) are in doubt about any aspect of the Proposal (as defined below) and/or the action they should take, they should seek their own financial advice immediately from their stockbroker, bank manager, solicitor, accountant or
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  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      1568 10 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices ANNAIK LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****2066V) NOTICE OF EXTRAORDINARY GENERAL MEETING Wj finnfiiK LIMITED All capitalised terms contained herein shall, unless otherwise defined in this Notice, bear the respective meanings ascribed thereto in the circular
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      2969 11 Raffles VledicalGroup Company Registration No. *****1967K (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 27 ,h Annual General Meeting (AGM) of Raffles Medical Group Ltd (the Company) will be held at Rooms 300-301, Suntec Singapore International Convention Exhibition Centre, 1 Raffles Boulevard, Suntec City,
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      71 14 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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      860 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 PURSUANT TO SECTION 290(2)(b) AND IN THE MATTER OF STALWYN CAPITAL PTE. LTD. (Company No: *****5778M) (In Members’ Voluntary Winding-up) By way of Shareholders’ Written Resolution dated 1st April 2016 the Special Resolutions set out below were duly passed: (1) Resolved
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      Page 15 Advertisements Column 2
      2766 15 BAKER TECHNOLOGY LIMITED (Unique Entity Number *****0637D) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Baker Technology Limited (the “Company”) will be held at Nautica II, Level 2, Republic of Singapore Yacht Club, 52 West Coast Ferry
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  • REAL ESTATE
    • Article
      ‘Tactical value’ seen in Australia and Japan real estate: UBS
      540 16  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore NOTWITHSTANDING a “longer winter” in Asia-Pacific real estate, there are still tactical themes for real estate investors given the longer-term fundamentals of the region. Directors of UBS Asset Management shared in a briefing on
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    • Article, Illustration
      What US cities can learn from Canada’s Toronto
      858 16 NYT Toronto WHEN Rob Ford’s time as mayor of Toronto became a reality show that lurched from one cringe-inducing revelation to another, one question loomed: How did he come to lead Canada’s largest city? His rumpled suits, fondness for profanity, racist and
      NYT  -  858 words
    • Article, Illustration
      Tan Tock Seng descendants put Cuscaden Rd site up for sale
      655 16  -  Great-great-grandsons of famous philanthropist expecting offers in region of S$160-170 million By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE descendants of the famous philanthropist Tan Tock Seng are believed to have put up a plum site in Cuscaden Road for
      PHOTO: JLL  -  655 words
    • Article
      UK building trade in March at its weakest in nearly a year
      380 16 REUTERS London GROWTH in construction of new homes in Britain ebbed to its lowest level in three years in March, according to a survey on Monday that showed the overall expansion in the building trade at its weakest
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      125 16 Freehold Plot at Cuscaden Road For Sale By Trustees Prime Hotel Residential Site off Orchard Road* Land 25,741 sf; GPR 4.2; 20 stys Potential GFAof 108,111 sf Existing detached house 200 m from Orchard Road 500 600 m to 2 MRT stations Tender Closing 12 May 2016 (Thurs), 2.30pm Subject
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      125 16 79 Tuas South Street 5 B2 Factory For Sale High Ceiling Height Large Open Yard Space 68,000 sq ft of GFA High ceiling up to 9m High incoming power supply Approx. 30,000 sq ft open yard space Near future container depot For Enquiries, Please Call John Ang 8181 1841 John.ang@cambridgeitm.com
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      24 16 Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
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      2047 17 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices TIH LIMITED (Incorporated in the Republic of Singapore) (Unique Entity Number: *****0941K) Notice of Twenty-Second Annual General Meeting NOTICE IS HEREBY GIVEN that the Twenty-Second Annual General Meeting of TIH Limited (the “Company”) will be held at Concorde 2, 3rd Level
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      3747 17 NOTICE OF ANNUAL GENERAL MEETING PACC OFFSHORE SERVICES HOLDINGS LTD. (Incorporated in the Republic of Singapore) (Company Registration No. *****3185Z) NOTICE IS HEREBY GIVEN that the 10th Annual General Meeting of the Company will be held at Shangri-La Hotel, Tower Ballroom, 22 Orange Grove Road, Singapore *****0 on Wednesday, 27
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  • BANKING & FINANCE
    • Article
      Russia stock rally splits investors and analysts
      513 18 BLOOMBERG New York STRATEGISTS from some of the biggest banks are growing increasingly bullish on Russian stocks after an oildriven surge put them among the top performers in the world. Investors? Not so much. Take UBS AG, for example. While equity strategists there
      BLOOMBERG  -  513 words
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      Bank of Tokyo-Mitsubishi UFJ eyes US regional banks
      975 18 President says US banking market offers size and steady growth; Asia also presents opportunities BLOOMBERG Tokyo MITSUBISHI UFJ Financial Group Inc’s (MUFG) main lending unit is eyeing further acquisitions in the US and Asia as part of its longstanding aspirations to become
      BLOOMBERG  -  975 words
    • Article
      European banks explore Panda bonds for capital needs
      689 18 IFR Hong Kong EUROPEAN banks are actively exploring opportunities to issue subordinated debt in China’s domestic market, according to treasurers, lawyers and bankers. After a global sell-off in bank capital securities in January, a growing number of European banks have begun looking
      IFR  -  689 words
    • Article
      Exit of top JPMorgan treasuries trader said to draw SEC inquiry
      268 18 BLOOMBERG New York WALL STREET regulators are examining alleged policy breaches that prompted JPMorgan Chase Co’s US head of government-bond trading and another employee to leave the firm this year, according to a person briefed on the matter. Andy
      BLOOMBERG  -  268 words
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      1079 18 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices Overseas Education Limited (Company Registration No: *****1905D) Incorporated in the Republic of Singapore NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of OVERSEAS EDUCATION LIMITED (the “Company”) will be held at 81 Pasir Ris Heights,
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      1730 19 NOTICES LCD GLOBAL INVESTMENTS LTD (Incorporated in the Republic of Singapore) (Company Registration No. *****1118N) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of LCD Global Investments Ltd. (the “Company”) will be held at 456 Alexandra Road, #04-07 Fragrance Empire Building, Singapore *****2,
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  • ENERGY & COMMODITIES
    • Article
      Keppel refutes allegations of link to Unaoil bribery scandal
      284 20  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore KEPPEL Corp has dismissed allegations in foreign media reports that the group was involved in a global oil bribery scandal embroiling Mona-co-based oil company Unaoil. A company spokesman said in a statement on Monday: "Keppel
      284 words
    • Article
      Money managers bullish over gold after first quarter surge
      612 20 Financial turbulence, fall in US$ boost its appeal BLOOMBERG Chicago EVEN after a lacklustre March, money managers are betting the best performing commodity last quarter still has further to run. While gold futures have dipped from a 13-month high, hedge funds
      BLOOMBERG  -  612 words
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  • TECHNOLOGY
    • Article, Illustration
      For Foxconn, turning Sharp around will be tougher than takeover
      911 21 Japanese electronics maker has seen its earnings fall every quarter and faces competition on all sides BLOOMBERG Tokyo FOXCONN Technology Group’s Terry Gou finally got to savour his moment of victory: On Saturday, Mr Gou and Sharp Corp president Kozo
      BLOOMBERG; PHOTO: AFP  -  911 words
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  • CONSUMER
    • Article, Illustration
      Brands take big steps toward messaging apps
      525 22 Eager to reach people inside messaging apps, they know they need to exercise restraint in their approach NYT New York GATORADE owns one of the iconic television moments of the Super Bowl, the dousing of the winning coach with a huge bucket of
      NYT; PHOTO: AFP  -  525 words
    • Article
      New cholesterol methods needed in wake of failed drugs: researchers
      395 22 REUTERS London NEW ways of controlling cholesterol, including possibly directly injecting “good” HDL cholesterol into patients, need to be studied following the failure of promising treatments from Eli Lilly, Pfizer Inc and Roche Holding AG, according to top heart researchers.
      REUTERS  -  395 words
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      3828 22 SAPPHIRE &te ±>ik SAPPHIRE CORPORATION LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****2465W NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirtieth Annual General Meeting of SAPPHIRE CORPORATION LIMITED (the “Company") will be held at 55 Market Street #03-01, Singapore *****1 on Wednesday, 27
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      2131 23 NOTICES TOLL FREE 18 0 0-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices MUN SIONG ENGINEERING LIMITED Company Registration No. *****0250M (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of MUN SIONG ENGINEERING LIMITED (the “Company”) will be held at
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      1693 23 SOON LIAN HOLDINGS LIMITED Registration No. *****6295G (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2016 Annual General Meeting of the shareholders of Soon Lian Holdings Limited (the “Company) will be held at 9 Tuas Avenue 2 Singapore *****9 on Thursday, 21 April 2016
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  • TRANSPORT
    • Article, Illustration
      China’s Avolon may increase orders for A330neo
      487 24 The aircraft-leasing company is in talks with carriers keen to add the plane to their fleets; it sees the A330neo suited for Asia as intra-continental and longer haul flights increase BLOOMBERG Hong Kong AVOLON, the aircraft-leasing company acquired by the parent of China’s
      BLOOMBERG; PHOTO: BLOOMBERG  -  487 words
    • Article
      Dearth of women in the ranks add to pilot crisis at Asia’s airlines
      1011 24 BLOOMBERG Hanoi SOPHIA Kuo says she still hears the whispers as she walks through international airports in her EVA Airways Corp pilot’s uniform: ‘Wow, we have female pilots.’ ‘How does she fly an airplane?’ ‘She must be
      BLOOMBERG  -  1,011 words
    • Article, Illustration
      Fires, collisions prompt sixth major recall for Honda cars
      303 24 BLOOMBERG Osaka HONDA Motor Co will conduct at least the sixth round of major recalls involving its top-selling Fit compact in less than three years, as the Japanese carmaker struggles to move past the quality woes that contributed to a change
      BLOOMBERG; PHOTO: BLOOMBERG  -  303 words
    • Article
      Race to develop driverless cars piques broad interest in China
      888 24 Country is seen as largest market for autonomous vehicles within 15 years NYT New York GANSHA Wu was a veteran engineering manager at Intel Corp and director of Intel Labs China when two events upended his world last year. First,
      NYT  -  888 words
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      2122 25 NOTICES TOLL FREE 18 0 0-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices O DARCO SOLUTIONS TO WATER WASTE NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Darco Water Technologies Limited (the “Company”) will be held at 25 Tai Seng Avenue #01-01, Scorpio East Building,
      2,122 words
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      1782 25 P99 HOLDINGS LIMITED Company Registration No. *****1696K (Incorporated in the Republic of Singapore) (the “Company”) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of P99 HOLDINGS LIMITED (“the Company”) will be held at NUSS Kent Ridge Guild House, Cluny Level 2, 9 Kent Ridge
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Biggest Saudi overhaul targets US$100b of revenue
      1138 26 The government will speed up subsidy cuts and impose a value-added tax and other levies BLOOMBERG Riyadh THE biggest economic shake-up since the founding of Saudi Arabia would accelerate subsidy cuts and impose more levies, a plan to spread the burden of lower
      BLOOMBERG  -  1,138 words
    • Article, Illustration
      Aussie rate cut remains on table even as economy outshines peers
      754 26 BLOOMBERG Sydney AUSTRALIA clocked the fastest growth in the developed world outside Europe last year, commodity prices are rallying and the government’s in no hurry to return the budget to surplus. So why are traders still pricing in an
      BLOOMBERG; PHOTO: AFP  -  754 words
    • Article
      Panama documents leak details tax evasion by world’s rich and powerful
      862 28 Govts investigate as Mossack Fonseca law firm papers allegedly show how clients avoided tax, laundered money REUTERS, AFP New York GOVERNMENTS across the world are investigating possible financial wrongdoing by the rich and powerful on Monday following a leak
      REUTERS,; AFP  -  862 words
    • Article, Illustration
      As Indonesian forests burn, new anti-fire agency feels the heat
      716 28 REUTERS Jakarta AS FOREST fires raged like never before across Indonesia last year, President Joko Widodo announced he was setting up a special agency to tackle the annual scourge that shrouds parts of South-east Asia in choking haze. But, with
      REUTERS; PHOTO: REUTERS  -  716 words
    • Article
      EU urged to fix flaws in revived asset-backed debt plan
      730 28 BLOOMBERG Brussels EUROPEAN Union efforts to revive the asset-backed securities market and boost financing for small businesses could falter if repairs aren’t made to its plan for a new class of “simple, transparent and standardised” products, some of the biggest
      BLOOMBERG  -  730 words
    • Article
      Cash is king as Switzerland unveils new banknotes
      653 28 WP Washington MANUEL Brandenberg, a lawmaker in the Swiss canton of Zug, loves cash so much so that he once astounded a municipal official by paying his taxes with a wad of banknotes. That belief in bills is shared by many of
      WP  -  653 words
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      2393 26 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices JOYAS INTERNATIONAL HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) (Company Registration No. *****) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Joyas International Holdings Limited (the “Company”) will be held at 1 Robinson
      2,393 words
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      4586 27 NOTICES TOLL FREE 18 0 0-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices WILMAR INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****4785Z) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Tower Ballroom, Lobby Level, Shangri-La
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      1259 29 NOTICES KLW KLW HOLDINGS LIMITED (Company Registration Number: *****4141D) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING All capitalised terms contained herein shall, unless otherwise defined in this Notice, bear the respective meanings ascribed thereto in the circular to shareholders of the Company dated 5 April 2016
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      54 29 FULL-DAY WORKSHOPS A P R 1 6 28THURSDAY SPH News Centre 9.30am to 6.00pm POWER UP YOUR PERSONAL BRANDING FOR SALES SUCCESS Trainer Joshua Luke Early Bird by 22 Apr$489 Price From 23 Apr$589 Productivity and Innovation Credit (PIC) Claimable To register or find out more about our workshops, visit
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      3812 29 CDW HOLDING LIMITED (Incorporated in Bermuda on 2 April 2004) (Bermuda Company Registration Number: *****) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of CDW Holding Limited (the “Company”) will be held at Kallang Room, Holiday Inn Singapore Atrium, 317 Outram Road, Singapore *****5
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  • OPINION
    • Article
      Asean nations must deal collectively with China on fishing rights
      552 30 EDITORIAL PRESIDENT Xi Jinping’s warning last week that China will protect its sovereignty “and related rights in the South China Sea” seems to mark a new policy in his southward push. It seems to go well beyond Beijing’s self-declared nine-dash
      552 words
    • Article, Illustration
      Solving the productivity mystery
      776 30  -  THE BOTTOM LINE By Robert J Samuelson THE WASHINGTON POST WRITERS GROUP Washington A PARADOX of our time concerns productivity. We are awash in transformative technologies smartphones, tablets, big data and yet the growth in labour productivity, which should benefit from all the technology, is dismal.
      THE WASHINGTON POST WRITERS GROUP  -  776 words
    • Article, Illustration
      Could Trump finally be peaking? Maybe
      1519 30  -  A major loss in Wisconsin could prove to be a turning point in the campaign By Leon Hadar Washington HIS detractors have been predicting his approaching political death again (after this misogynist comment) and again (after that xenophobic remark. And again (after this primary
      PHOTO: REUTERS  -  1,519 words
    • Article
      A trans-Atlantic role reversal amid political turmoil
      873 31  -  COMMENTARY By Ross Douthat NYT “AMERICANS are from Mars and Europeans are from Venus.” With one pithy line 14 years ago, foreign-policy theorist Robert Kagan captured what seemed like obvious differences between the United States and Europe in the post-Cold War, post-9/11 age.
      NYT  -  873 words
    • Article
      EU referendum: Britain must seize its global future
      729 31  -  By Nigel Lawson T The writer is a former Chancellor of the Exchequer. This is part of the official Monetary and Financial Institutions Forum’s series on the UK EU referendum ahead of the June 23 poll. OMFIF London IN his new book
      OMFIF  -  729 words
    • Article, Illustration
      TIME TO JETTISON PRE-CRISIS THEORIES
      1142 31  -  Accept that governments and markets can both be wrong. wrong.BY ANATOLE KALETSKY T The writer is chief economist and co-chairman of Gavekal Dragonomics and author of “Capitalism 4.0, The Birth of a New Economy” PROJECT SYNDICATE London ALL over the world today, there is a
      PROJECT SYNDICATE; PHOTO: AFP  -  1,142 words
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      793 32 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10 Jul 15 Jul APL Columbus
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      205 32 Open yard storage of 16,000sqm Unstuffing/Stuffing Inland Transportation Solutions Painting Engineering Works Providing a one-stop solution for all your logistics needs Call 8121 0966 or email 2WASSINEPCOperation@2wglobal.com for more details TOKO LINE REGULAR RORO/CONVENTIONAL SERVICE JAPAN/HONGKONG/STRAITS/BATAM/JAKARTA 171 TRAS STREET #06-177/179 UNION BUILDING, SINGAPORE *****5 TEL: *****144/*****355 FAX: (65) *****852 TELEX:
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      705 33 SALES NEGOTIATION ULTIMATE ENGAGEMENT FOR BUSY SALESPEOPLE Negotiation is used more now in sales than at any time in history. To succeed in today’s sales environment, high-level negotiation skills to maximize value and results are essential. The workshop is conducted in a high-energy and fast-paced manner aimed at helping you
      705 words
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  • SME
    • Article, Illustration
      Delivering innovative tech solutions
      1197 34  -  Network Courier’s focus on proprietary technology as far back as 2011 has helped the local startup weather storms. BY RACHEL MUI storms.BY RACHEL MUI rachmui@sph.com.sg @RachelMuiBT Singapore SAUNTER past Network Courier’s office and you might just do a double take at a shiny-black Yamaha bike behind
      PHOTO: YEN MENG JIIN  -  1,197 words
    • Article, Illustration
      Change your mindset to grow your SME
      1052 34  -  By John Bittleston The writer is the founder mentor of Terrific Mentors international, an organisation that provides mentoring, coaching and training THE 2016 Singapore Budget was balanced, provident and visionary. Changes to corporate taxation were sensibly encouraging; for personal tax, edging towards more
      PHOTO: BLOOMBERG  -  1,052 words
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  • LIFE & CULTURE
    • Article, Illustration
      Judi Dench wins record 8th Olivier award
      344 36 AFP London JUDI Dench on Sunday became the most successful actor in the history of Britain’s top theatre awards, the Oliviers, when she picked up a record eighth gong. Dench won best supporting actress for her role as Paulina in Shakespeare’s The Winter’s
      AFP; PHOTO: AFP  -  344 words
    • Article, Illustration
      DBS Marina Regatta returns on May 28
      594 36  -  The event will offer S$230,000 in prize money, the highest in Asia for dragon boating By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE DBS Marina Regatta the largest watersport festival in Singapore is returning for a fifth edition next month, with a record total
      594 words
    • Article, Illustration
      Subtle shifts at boutique fairs in Paris
      1219 36 NYT Paris THE Paris art market, though far smaller than that of New York and London, is where collectors go for specialty events and dealers they cannot find anywhere else. Drawings and design have been traditional Parisian strengths, and this week the boutique
      NYT; PHOTO: AFP  -  1,219 words
  • Page 36 Miscellaneous
    • Miscellaneous
      Page 36 Miscellaneous Column 1
      318 36 CRYPTIC CROSSWORD Across 1 Book about Russian ready to be awkward (11) 7 Upstart hit back with place being unfinished (7) 8 Cheese after a major component of it’s turned to silky stuff (7) 10 Charlie’s just the thing to snare fashion designer endlessly (5) 11 Friend with top off
      318 words
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      93 37 THE BUSINESS TIMES *****1 3000 1 1 SS1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION WWW.bUSineSStimeS.COm.Sg E I C @BusinessTimes I CO REGN NO *****2868E I MCI (P) 039/08/2015 Tuesday, April 5,2016 PATEK PHILIPPE GENEVE Begin your own tradition. Announcing the opening of the largest Patek Philippe Boutique in South East Asia
      93 words
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      421 38 PATEK PHILIPPE GENEVE Begin your own tradition. The opening of the Patek Philippe Boutique at ION Orchard is symbolic of the enduring partnership between Patek Philippe and Cortina Watch. It marks over 40 years collaboration between these two illustrious family-owned companies. 1839 On May 1st, 1839, two Polish immigrants, Antoine
      421 words
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      353 39 1993 Philippe Stern becomes president. Henri his father becomes honorary president. 1997 1996 Patent of the annual calendar mechanism. Patek Philippe moves into the new premises in Plan-les-Ouates, Geneva. Celebration of the 25th Anniversary of Cortina with Ref. 5057. 1 ATTESTATION COMM Hint Onto. COrtlNA Hii, fh i wtvt muh
      353 words
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      46 1 PATEK PHILIPPE GENEVE Begin your own tradition. ‘.P| sl u V <r" Patek Philippe and Cortina Watch invite you to visit their new Boutique at 2 Orchard Turn #02-01/02/03 ION Orchard Singapore *****1 Tel: (65) 6509 9238 Fax: (65) 6509 9239 Patek Philippe Boutique at cortinawatch
      46 words
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      32 2 APRIL 2016 SPOTLIGHT QUEK CHIN YEOW Building Sotheby’s Asian market ROUNDTABLE Investment strategies to tame volatility FORCED HEIRSHIP RULES Cross border issues in estate planning REAL ESTATE What US$1 million can buy
      32 words
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      111 3 State of the art Upgrade to Next Generation our cutting-edge trading platform Fully customisable to suit your trading style, our platform has fast execution and reliability at its core. Couple that with powerful trading tools, advanced charting including over 80 technical indicators and drawing tools, plus native mobile apps. It’s
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      131 4 CONTENTSapril 2016 10 SPOTLIGHT 10~The ardent art marketer Sotheby’s Quek Chin Yeow has achieved major milestones building the Asian market for the auction house PHILANTHROPY 14~Strength in numbers Year-old Asia Philanthropy Circle finds that when members collaborate, outcomes exceed the sum of the group’s individuals IN-DEPTH 15~Laws and locations A
      131 words
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      72 5 Credit Suisse 4, 1,.'U; V J 4, J J^^ r Is your Private Banker on speaking terms with your Investment Banker? Discover how you can benefit from having Private Banking and Investment Banking integrated under one roof at credit-suisse.com/onebank ri vA V tot _> ii i > i > m
      72 words
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      145 6 CONTENTSapril 2016 S-REITS 22~In search of yield Investors may consider defensivetheme plays in Reits as headwinds pose challenges in the near term FIXED INCOME 23~Seeing beyond the horizon In view of lower oil prices, investors should exercise caution on US highyield and investment-grade markets FUND STRATEGIES 24 Riding the volatility
      145 words
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      50 7 Standard Chartered Private Bank Your entrepreneurial drive is fuelling your success As you navigate your business and fulfil your family aspirations, we can help grow and protect your wealth. Y O Pi i Here for good sc.com/privateban Standard Chartered Private Bank is the private banking division of Standard Chartered Bank.
      50 words
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  • ULTRA Wealth
    • Article, Illustration
      Editor’s note
      801 8  -  By Genevieve Cua N the context of investments, collectibles such as art and jewellery sit firmly in the alternative assets basket. The wealthy, particularly those in the ultra high net worth segment, buy collectibles for the love of the items, and not necessarily for their price appreciation potential.
      ILLUSTRATION: ISTOCK  -  801 words
    • SPOTLIGHT QUEK CHIN YEOW
      • Article, Illustration
        The ardent art marketer
        1782 10  -  Sotheby’s Quek Chin Yeow has achieved major milestones building the Asian market for the auction house By Genevieve Cua nW Q UEK Chin Yeow has loved art from a young age, but he tempered his passion in his school years “like all good Singaporean boys of
        nW; PHOTO: YEN MENG JIIN; PHOTO: SOTHEBY’S; PHOTOS: SOTHEBY'S  -  1,782 words
    • PHILANTHROPY
      • Article, Illustration
        Strength in numbers
        1109 14  -  Year-old Asia Philanthropy Circle finds that when members collaborate, outcomes exceed the sum of the group’s individuals By Genevieve Cua W HAT happens when you get a group of philanthropists together to collaborate on projects? The result should be far more than the sum of the group’s
        W; PHOTO: ARTHUR LE  -  1,109 words
    • IN-DEPTH
      • Article, Illustration
        Laws and locations
        1028 15  -  A look at forced heirship regimes and estate planning for investments in Europe By Chua Yee Hoong, Paul Robin, Gopalan Raman Chua Yee Hoong is Partner, Withers KhattarWong; Paul Robin is Partner, Withers; and Gopalan Raman is Senior Consultant, Withers KhattarWong W STATE planning in an international
        W; PHOTO: ISTOCK  -  1,028 words
    • TRUSTED ADVISER
      • Article, Illustration
        Standing in good stead
        1091 16  -  With decades-long client-related experience under his belt, ABN AMRO’s Hans Hanegraaf says the bank is nimble enough to service NextGen clients By Genevieve Cua W F EW Singaporeans may know that ABN AMRO’s roots in Singapore date back to 1856, making it virtually the oldest bank
        W; PHOTO: ARTHUR LEE  -  1,091 words
    • ASIAN EQUITIES
      • Article, Illustration
        The new norm
        1455 17  -  Investors need to be astute in picking winners that could emerge from new growth platforms ILLUSTRATION: ISTOCK By Reginald Tan Reginald Tan is Director of Investment and Head of Research, Amundi Asset Management W S 2015 drew to a close, investors were keen to bid farewell to
        W; Source: IMF, August 2015  -  1,455 words
    • ROUND TABLE
      • Article, Illustration
        Staying sure-footed
        2990 18 Our panellists give their take on how investors can harness or tame volatility to benefit their portfolios W 2016 has been challenging so far dogged by economic worries and Asian market risks on the downside. What strategies are likely to fare well in this environment? Our experts share
        W; ILLUSTRATION: ISTOCK  -  2,990 words
    • S-REITS
      • Article, Illustration
        In search of yield
        1024 22  -  Investors may consider defensive-theme plays in Reits as headwinds pose challenges in the near term By Andy Wong Teck Ching Andy Wong Teck Ching is Investment Analyst, OCBC Investment Research W 2016 has been a tumultuous year for the global financial markets thus far. The volatility
        W; PHOTO: ISTOCK  -  1,024 words
    • FIXED INCOME
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