The Business Times, 6 April 2016

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Total Pages: 47
1 16 The Business Times
  • 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 Wednesday, April 6, 2016
    22 words
  • Article, Illustration
    207 1 As the Singapore government exercises fiscal prudence while helping companies and Singaporeans of lesser means, Members of Parliament are wondering how efficient official measures are in assisting those who need help. TOP STORIES 2 Latest statistics back what anecdotal evidence has suggested so far this year: that faltering
    207 words
  • 852 1  -  Shares trade at ex-dividend offer price of S$1.37 before suspension called, pending announcement By haoxiang@sph.com.sg Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore IN a puzzling turn of events, share trading in lifestyle products group OSIM International was halted at 4.48pm on
    Source: Bloomberg  -  852 words
  • 470 1  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore ABOUT a third of LinkedIn’s global traffic will soon be managed by a new US$80 million data centre in Singapore, The Business Times has learnt. The world’s largest social professional network, which counts more than 400
    470 words
  • 27 1 Tuesday Change STI 2,800.92 -34.43 KL COMP 1,718.08 -7.16 NIKKEI 225 15,732.82 -390.45 HANG SENG 20,177.00 -321.92 SHENZHEN B 1,147.10 +9.33 DOW (10.45 EDT) 17,648.93 -88.07
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  • Page 1 Advertisements
    • 58 1 *****1 *****1 THE BUSINESS TIMES PATEK PHILIPPE GENEVE Begin your own tradition. i if ti <o> Cortinawatch Boutiques (Singapore): The Shoppes at Marina Bay Sands Tel: (65) 6688 7008 ION Orchard Tel: (65) 6509 9238 Singapore: Paragon Tel: (65) 6235 0084 Raffles City Tel: (65) 6339 9185 Capitol Piazza Tel:
      58 words
    • 21 1 HOCK LOCK SIEW Asia Square could sharpen CCT’s edge COMPANIES MARKETS 6 ASEAN MARKETS Surfing the value ‘tsunami’ EXECUTIVE MONEY 31
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    • 14 1 RETAIL RENTALS Difficult market conditions show in Q1 rental dip: DTZ REAL ESTATE /12
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    • 13 1 Don’t miss the MOTORING SUPPLEMENT with your copy of The Business Times today
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  • TOP STORIES
    • 843 2  -  indicators and eligibility criteria need to be reviewed, but they also say that over-measurement can compromise the speed at which policies are rolled out to help those in need SINGAPORE BUDGET 2016 By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore IT’S all good
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    • 668 2  - Kick the crutch it’s time for businesses to ask for less COMMENTARY By Kelly Tay kellytay@sph.com.sg @KellyTayBT IF the soundtrack of last year’s Budget debate was “to the left, to the left”, this year, parliamentarians are singing a different tune: “Give them less, give them less.” The “them” in question,
      668 words
    • 463 2  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore MEMBER of Parliament Christopher de Souza reiterated his call for the government to take a gradual approach in easing property cooling measures. Speaking in Parliament on the second day of the Budget debate on
      463 words
    • 494 2  -  By sandrea@sph.com.sg Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore BUSINESS conditions in Singapore improved further in March, as stronger domestic demand boosted growth in new orders to their fastest pace in a year. New export orders, however, fell slightly for
      PHOTO: REUTERS  -  494 words
    • 778 4  -  Value of deals in Q1 down 24% from a year ago; China’s outbound acquisitions hit 99.2% of Asia-Pacific total By Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore LATEST statistics are backing what anecdotal evidence has suggested so far this year: that faltering
      Source: Mergermarket  -  778 words
    • 788 4  -  By Samuel Ee samuelee@sph.com.sg Singapore THE first major bank to re-introduce the so-called balloon payment car loan scheme is trying to get it to float, while leasing deals seem to be drawing car buyers trying to sidestep vehicle financing restrictions.
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    • 400 5  -  By Robert Cyran, Kevin Allison New York THE Panama Papers can only clean up so much. A leak of more than 11 million documents from Mossack Fonseca, a law firm in the Central American nation, has kicked off a global offshore
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    • 456 5 LATEST US DATA BLOOMBERG Washington AMERICA’S trade deficit widened in February to a six-month high as an increase in imports exceeded a more modest pick-up in shipments overseas. The gap increased 2.6 per cent to US$47.1 billion from a revised US$45.9
      BLOOMBERG  -  456 words


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    • 13 5 Editorial: Panama Papers case another stark reminder to secure digital systems, Page 28
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  • COMPANIES & MARKETS
    • 914 6  -  HOCK LOCK SIEW BY KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT CAPITALAND Group, including its office real estate investment trust CapitaLand Commercial Trust (CCT), was one of the earliest to eye Asia Square, a completed Grade A office development owned by a BlackRock-managed fund. Following the close
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    • 429 6  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore RUBBER processor Halcyon Agri is seeking the consent of its bondholders to suspend the financial covenants for its bonds due 2019. This comes after a pre-conditional cash offer by Shanghai-listed Sinochem International Corp in
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    • 443 6  -  By Kenneth Lim kenlim@sph.com.sg @Kenneth LimBT Singapore THE Singapore Exchange’s independent Listings Advisory Committee (LAC) has issued its first ruling, giving a listing applicant the green light to proceed despite certain non-compli-ant bill financing arrangements. On Nov 17, SGX referred
      443 words
    • 437 6  -  B y Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore HAIYI Holdings Pte Ltd (HHPL), the controlling shareholder of Catal-ist-listed property developer SingHaiyi Group, has struck a conditional agreement to subscribe for 500 million new shares in mainboard-listed property developer OKH Global Ltd at
      437 words
    • CORPORATE DIGEST
      • 118 7 RICKMERS Trust Management said on Tuesday that it was not aware of the reason behind the surge in trading of Rickmers Maritime units on Monday, which prompted a query from Singapore Exchange (SGX). The units of the business trust had soared as much as 38.6 per cent in
        118 words
      • 105 7 SWISSCO Holdings’ wholly owned subsidiary Swissco International Pte Ltd has proposed to acquire the VM Group from a Melvin Rodrigues. The VM Group comprises VM Marine International Ltd, the parent company of VM Offshore Pte Ltd and its wholly owned unit VM Offshore India Pvt Limited; VM Services
        105 words
    • 656 7  -  Half stake, which comes from Commerz Real, prices the property at S$1,665 psf By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore A PROPERTY fund managed by Alpha Investment Partners has taken full ownership of 78 Shenton Way after buying out partner Commerz Real’s half
      BT FILE PHOTO  -  656 words
    • Article, Illustration
      63 8 STI Catalist straits Times index April 5,2016 2,800.92 -34.43 (-1.21%) Current streak 1 day Day high 2,814.50 Day low 2,783.73 52-week high 3,539.95 (Apr 15, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index April 5,2016 449.12 -6.81 (-1.49%) Current streak 1 day Day high 455.82 Day low
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    • 653 8  -  Following losses in Japan and Hong Kong, index finishes 34.43 points lower, with banks and Singtel leading the selling STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT A 130-point loss for the June Dow futures, a 2.4 per cent loss for the Nikkei 225
      Source: Bloomberg  -  653 words
    • 317 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 240 -1 241/238 271 209 6.1 6308.3 CapitaCom Trust 144.5 -0.5 146/144 179 122.5 6 4270.4 CapitaLand 302 cd unch 304/298 379 267 12.1 3 *****.2 CapitaMall Trust 207 -3 210/207 228
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    • 35 8 VOLUME Ezra 80,382,000 Noble 67,224,100 Magnus Energy 45,058,100 RickmersMaritime 37,932,600 Resources Prima 34,047,100 Market volume 1,627,308,000 VALUE DBS Grp 129,763,634 Singtel 79,035,315 UOB 75,769,134 OCBC Bank 60,449,378 Global Logistic 53,040,074 Market value 1,137,149,000
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    • 111 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 280 -5 586 282/279 355/254 280/281 DBXT MSBrazil US$ US278 -15 147 293/278 399/190 276/277 Lyxor HSI US$ US250 -4 100 250/250 361/218 -/-21.8 IS MS INDIA US$ US653 -15 81 666/652 819/575 653/656
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    • 77 8 Apr 5 VALUE CLOSE BT OB/OS -202.00 +4.00 BT CADI -*****.00 -111.00 BT 10-day MA -*****.00 -20.00 FTSE ST Mid Cap 683.59 -1.51 FTSE ST Small Cap 393.46 -2.30 FTSE ST All Share 686.76 -5.31 FTSE ST China Top 162.79 -1.65 FTSE ST China 191.62 -2.23 FTSE
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    • 35 8 STI FTSE ST All-Share ftse ST All-Share index April 5,2016 686.76 -5.31 (-0.77%) Current streak 1 day Day high 688.50 Day low 682.54 52-week high 847.98 (Apr 15, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • 33 8 STI MSCI EAFE MSCI EAFE index April 4,2016 1,627.24 +11.01 (+0.68%) Current streak 1 day Day high 1,632.20 Day low 1,617.73 52-week high 1,949.49 (May 15, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 7 3 0 1 0 5 8 3 Manufacturing 36 40 27 4 10 11 40 50 38 Commerce 14 20 14 1 7 4 15 27 18 Tpt/Stor/Comms 7 20 5
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    • 123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 24,120 451 24,571 82,587 93 82,680 Manufacturing 145,538 88,346 233,884 85,309 1,519 86,828 Commerce 119,130 22,455 141,585 135,353 912 136,265 Tpt/Stor/Comms 192,996 481 193,477 177,153 41 177,194 Finance 48,515 204 48,719 280,248 23 280,271 Construction
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    • 79 8 VOL CLOSE($) CHANGE EuroSports Gbl 60.0 0.150 -0.040 -21.05 Weiye 487.8 0.450 +0.070 +18.42 P99 1,100.3 0.039 -0.004 -9.30 Foreland FabriT 8,225.9 0.032 +0.005 +18.52 Hosen 151.0 0.041 -0.008 -16.33 ISR Capital 25,000.0 0.005 -0.001 -16.67 AEI 5.9 0.700 -0.080 -10.26 RickmersMaritime 37,932.6 0.105 -0.008 -7.08 Mirach Energy
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    • 77 8 BY CENTS CLOSE DOWN 52w high/low DBXT MSJAP US$ 4368 -318.7 -5.1 5277/4031 DBXT MSKorea US$ 5196 -297.0 -4.0 6246/4478 SPDR S&P500 US$ ***** -259.1 -0.9 *****/***** DBXT DBLCI-OY US$ 2016 -97.7 -3.4 2600/1946 DBXT China50 US$ 2719 -94.9 -2.5 4258/2355 BY PERCENTAGE CLOSE DOWN 52w high/low LifeBrandz 0.2
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    • 77 8 BY CENTS CLOSE UP 52w high/low DBXT iBoxxSvEu US$ ***** 1268.1 3.7 *****/***** GLD US$ ***** 223.8 1.4 *****/***** JMH USD 5700 156.0 2.1 6300/4500 DBXT S&PShort US$ 2139 24.4 0.8 2393/2086 IS Asia BND US 1069 21.7 1.5 1096/1010 BY PERCENTAGE CLOSE UP 52w high/low Equation 0.4 33.3
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    • BROKERS’ TAKE
      • 164 8 April 5 close: S$1.64 Target price: S$2.23 UOB Kay Hian, April 5 Lim Ho Kee will step down as chairman on May 10, 2016 (during its expected FY results announcement) and as director in July 2016 (annual general meeting). Independent director Low Teck Seng will replace Mr
        164 words
      • 108 8 Deutsche Bank, April 5 S-Reits kick off the reporting season this week. Despite being one of the best performing Reit markets globally, the upcoming results are likely to remind everyone of the challenging fundamentals in Singapore. Occupancy and rental reversion have been two key issues
        108 words
      • 186 8  -  Compiled by Kenneth Lim April 5 close: S$1.37 Offer price: S$1.39 OCBC investment Research, April 5 OSIM International’s chairman and chief executive Ron Sim has revised his voluntary unconditional cash offer from S$1.32 to S$1.39 for all shares in the company. It is also stated that
        186 words
    • 16 8 DATA IApril 6 (4pm) Singapore COE Bidding Results IApril 6 (7pm) US MBA Morgage Applications
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    • 474 9 CURRENCIES REUTERS London THE yen soared to its highest in 17 months against the US dollar on Tuesday as sentiment in stock and commodity markets soured, with crude oil prices retreating further and driving investors towards traditional safe havens. The latest drop in the
      REUTERS  -  474 words
    • FOREX RATES
      • Article, Illustration
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      • 471 9 Apr 5 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.994 4.900 0.666 5.871 50.250 100.088 0.836 8.773 2.973 1.116 79.219 35.001 1.027 11.291 0.726 24.496 26.735 0.532 0.757 Canada 1.006 4.929
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      • Article, Illustration
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      • 155 9 Apr 5 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0263 1.0277 0.7567 0.7572 Canadian dollar 1.0326 1.0337 0.7616 0.7613 Euro 1.5406 1.5423 1.1359 1.1363 NZ dollar 0.9196 0.9209 0.6780 0.6785 Sterling pound 1.9278 1.9298 1.4214 1.4218
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      • 22 9 Apr 5 S$ Bid Offer 1-month 1.3566 1.3579 2-months 1.3572 1.3584 3-months 1.3576 1.3593 6-months 1.3595 1.3609 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • 207 9 Most active Apr 5 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 10.1 -0.9 ***** 0.1 1480 3 CSC Holdings W*****9 1.9 unch 7128 1 1 12 1.37 56 UOB MB eCW*****4 4.6 -0.9 5349 0.1
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      • 377 9 In local curr In S$ In US$ dy yr dy yr dy yr Apr 4 Index Change Change Change Change Change Change World Preliminary 1241.7 -0.1 -2.8 0.1 -5.9 0.1 -1.3 EAFE Preliminary 926.3 0.2 -8.6 0.7 -9.7 0.7 -5.2 Europe Preliminary 1323.5 0.3 -6.3
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      • 385 9 Apr 5 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Apr16 9572.50 9735.00 9515.00 9650.00 *****4 *****5 May16 9527.50 9675.00 9465.00 9605.00 3269 2858 NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 ***** *****2 Sep16 *****.00 *****.00 *****.00 *****.00 145 652 MSCI TAIWAN
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    • AGRI METALS ENERGY
      • 250 9 Apr-4 Price Net change change Last Trade Agricultural Apr-4 CBOT Soybeans (US cents/bu) 913.50 -4.75 -0.52% 13/05/2016 CBOT Soybean Oil (US cents/lb) 34.69 0.24 0.70% 13/05/2016 CBOT Wheat (US cents/bu) 474.75 -1.00 -0.21% 13/05/2016 Apr-4 LIFFE Cocoa (£/tonne) 2108.00 -19.00 -0.89% 13/05/2016 LIFFE Coffee (US$/tonne) 1474.00 -11.00 -0.74%
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    • BANK RATES
      • 154 9 Apr 5 $S Offer Bid 0vernight 0.10 Par 1-month 0.7500 0.6250 2-months 1.0000 0.8750 3-months 1.0625 0.9375 Overnight mode: 0.40 US$ 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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      • 63 9 Apr 5 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.29 99.32 99.32 5-Year NX*****X 2.250 01-Jun-21 103.87 10-Year NX*****Z 2.375 01-Jun-25 104.37 104.55 104.45 15-Year NZ*****F 2.875 01-Sep-30 107.69 107.95 107.75 20-Year NZ*****V 3.375 01-Sep-33 114.7 30-Year NA*****H
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    • 512 10  -  Tidjane Thiam is upbeat on region, saying bank is taking “counter-cyclical” approach to hiring CREDIT SUISSE ASIAN INVESTMENT CONFERENCE By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Hong Kong CREDIT Suisse will focus on acquiring bankers, as opposed to snapping up assets and businesses
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    • 442 10  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Hong Kong CHIEF of Hong Kong Exchanges and Clearing (HKEx) Charles Li does not see mergers of stock exchanges in Asia, given sovereignty issues that dog acquisitions, but the bourse, as the new owner of London Metal
      442 words
    • 534 10  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Hong Kong THE expected real economic growth in the US this year of about 2 per cent lower than the previous three expansions comes when productivity is easing, and there is uncertainty over the impact of innovation
      534 words
    • 1770 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last vol Day Div GrYld 153 127 AIMSAMP Cap Reit 137.5 +2.5 384 137.5 134 1 8.1 873.6 MCap 175.5 101 ARA Asset Mgmt 117cd unch 110 117 116 1.7
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    • 308 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale Vol ('000) High Day Low Div C'vr 19.9 10.4 t Anchor Resources 10.4 -0.8 3606 11.2 10.4 29.1 Net P/E MCap 35 8.8 t 3Cnergy 9.5 29.5 16.7
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    • 150 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last 107.7 69.1 CIMB APAC Div US$ US76.2 -0.6 1 77 76.2 8 vol 4258 2355 DBXT China50 US$ US2719 -70 8 2760 2707 7.5 High 399 190 DBXT MSBrazil
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  • Page 6 Advertisements
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  • Page 7 Advertisements
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  • Page 10 Advertisements
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  • Page 11 Advertisements
    • 71 11 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!
      71 words

  • REAL ESTATE
    • 620 12  -  Fourth straight quarter of rental decline since Q2 2015; large impending supply in 2016 also to blame By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore RETAIL rentals fell islandwide in the first quarter on weak demand, data from DTZ South-east Asia released on
      FILE PHOTO; Source: Bloomberg  -  620 words
    • 365 12 Singapore SRX PROPERTY has launched a full valuation system called “SRX V-8”, which it believes will fill a few gaps in the real estate market. Firstly, it will make valuations less costly and therefore accessible to retail users. Traditionally, valuations have mostly been done
      365 words
    • 166 12 Singapore FRASERS Property Australia has sold a fully occupied office building in Church Street, Richmond for A$45.5 million (S$47 million) to BlackRock Asset Management. The 8,000-square-metre property, known as Building 10 at 658 Church Street in Richmond, is fully leased
      166 words
    • 625 13  -  Qingjian Realty’s 632-unit Visionaire hopes its app-enabled smart-home system will be a deal clincher By Grace So graceso@sph.com.sg CHINESE property developer Qingjian Realty has unveiled its new project, The Visionaire, which will be Singapore’s first executive condominium (EC) featuring smart-home technology.
      PHOTOS: QINGJIAN REALTY  -  625 words
    • 667 13 REUTERS Sydney AUSTRALIA’S student housing market is shaping up to be the next big thing as an influx of foreign scholars entices investors into a neglected sector, reinvigorating a home building boom that is providing vital support to the wider economy. An English-speaking
      REUTERS  -  667 words
  • Page 12 Advertisements
    • 79 12 Full research report available on BTinvest (http://www.btinvest.com.sg/ property/) AUDI BMW CHEVROLET JEEP FORD CHRYSLER HYUNDAI LAND ROVER CITROEN HONDA INFINITI JAGUAR MAZDA NISSAN OPELKIA SUBARU SUZUKI TOYOTA PEUGEOT RENAULT MITSUBISHI VOLVO VOLKSWAGEN Singapore Expo Hall 4 5, 10am to 8pm 23 24 April 2016 (Saturday Sunday) Admission is free Find
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  • Page 13 Advertisements
    • 3 13 Hong Fok Group
      3 words
    • 359 13 BNP PARIBAS The bank for a changing world MOORE STEPHENS LLP CHARTERED ACCOUNTANTS OF SINGAPORE Singapore Shipping Forum 2016 Shipping in Turbulent Times 5-4-' 21 April 2016, Thursday 12pm to 3pm (includes lunch and networking cocktail) (Registration starts at 11.30 am) Rooms 308 310, Suntec City Convention Exhibition Centre 1
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  • BANKING & FINANCE
    • 439 14 BLOOMBERG London GLOBAL regulators on the Basel Committee on Banking Supervision are pushing back against calls for them to ease capital requirements on lenders to stimulate lending. The job of the committee, which brings together regulators from Australia and China to
      BLOOMBERG  -  439 words
    • 914 14 Momentum driven by expectations of a weaker yuan in the longer term BLOOMBERG Hong Kong CHINA Inc can’t buy foreign companies fast enough, and the yuan’s trajectory helps explain why. The Chinese currency will weaken 3.3 per cent versus the dollar by
      BLOOMBERG; PHOTO: REUTERS  -  914 words
    • 385 14 REUTERS Beijing THE chairmen and presidents of China’s five biggest banks saw their 2015 compensation slashed by a record 50 per cent, the lenders’ annual reports showed, after Beijing-man-dated pay reforms for executives of state-owned firms were implemented last year. Jiang Jianqing, chairman
      REUTERS; PHOTO: BLOOMBERG  -  385 words
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  • Page 17 Advertisements
    • 2893 17 GSS ENERGY LIMITED (Incorporated In The Republic Of Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the First Annual General Meeting of GSS Energy Limited will be held at Block 4012 Ang Mo Kio Avenue 10, #05-01 Techplace I, Singapore *****8 on the 22nd
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    • 3010 17 huationg HUATIONG GLOBAL LIMITED (Company Registration No: *****2395Z) (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Huationg Global Limited (the "Company”) will be held at Raffles Marina Ltd, 10 Tuas West Drive, Singapore *****4 on Thursday, 28 April 2016 at
      3,010 words

  • TECHNOLOGY
    • 444 18 It teams up with R3, a consortium of 43 financial institutions; first commercial deployments of blockchain are seen going live in about a year BLOOMBERG Portland MICROSOFT Inc has pulled ahead of Alphabet Inc’s Google, International Business Machines Corp (IBM), and Amazon.com
      BLOOMBERG; PHOTO: REUTERS  -  444 words
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  • Page 19 Advertisements
    • 1477 19 NOTICES TOLL FREE 18 0 0-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices RAMBA ENERGY LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****1668R) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the “EGM”) of Ramba Energy Limited (the “Company”) will be held at
      1,477 words
    • 2508 19 ROTARY ENGINEERING LIMITED (Company Registration No. *****0255E) (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Rotary Engineering Limited. (the “Company”) will be held at 17 Tuas Avenue 20, Singapore *****8 on Thursday, 21 April 2016 at 10.00
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  • CONSUMER
    • 813 20 Market is getting very crowded; smaller players suffer as convenience stores cut prices REUTERS Seoul SOUTH Korea’s coffee shop craze is frothing over. In fashionable retail and commercial districts of southern Seoul, nearly one in every two buildings boasts a coffee shop evidence
      REUTERS; PHOTO: REUTERS  -  813 words
    • 555 20 Sheryl Sandberg of Facebook seen as potential candidate REUTERS Los Angeles TOM Staggs, the veteran Walt Disney Co executive who had been widely seen as the media company’s next CEO, will step down on May 6 as the
      REUTERS  -  555 words
  • Page 20 Advertisements
    • 762 20 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices NOTICE OFANNUAL GENERALMEETING KB KINGBOARDCOPPERFOILHOLDINGSLIMITED NOTICE IS HEREBY GIVEN that theAnnual General Meeting of KINGBOARD COPPER FOILHOLDINGS LIMITED will be held at Atrium Ballroom, Level 4, Holiday Inn SingaporeAtrium, 317 Outram Road, Singapore *****5, on Thursday,April 28, 2016 at 2:30 p.m.
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  • Page 21 Advertisements
    • 5054 21 NOTICES TOLL FREE 18 0 0-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices TWlfflfT Hotung /m3\ Group HOTUNG INVESTMENT HOLDINGS LIMITED NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Hotung Investment Holdings Limited ("Company") will be held at The Chevrons, Lotus Jasmine Room, Level 3,
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  • GOVERNMENT & ECONOMY
    • 917 22  -  Remarks by officials prep the ground for a combo of fiscal stimulus and monetary easing to wake up the economy By Anthony Rowley btworld@sph.com.sg Tokyo WITH the prospect of a renewed recession and a politically sensitive parliamentary election approaching, Japanese
      917 words
    • 364 23 GPIF expected to be 6t yen in the red when it reports results 3 weeks later than usual BLOOMBERG Tokyo JAPAN’S government will escape a piece of bad news until after a summer election. The US$1.3 trillion Government Pension Investment Fund (GPIF)
      BLOOMBERG  -  364 words
    • 666 24 RBI may cut rates further later this year if inflation trends stay benign REUTERS Mumbai INDIA’S central bank cut its policy interest rate by 25 basis points (bps) to 6.50 per cent on Tuesday, reducing it to a more
      REUTERS  -  666 words
    • 470 24 REUTERS united Nations FORMER New Zealand Prime Minister Helen Clark said on Monday she would campaign to be the next UN sec-retary-general, pledging to improve transparency and touting her leadership experience in a bid to become the first woman to head
      REUTERS  -  470 words
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  • Page 25 Advertisements
    • 556 25 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CYBERSOFT OGILVYINTERACTIVE PTE LTD (Company Registration No: *****7685Z) (Incorporated in Singapore) (IN MEMBERS’ VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of the Company duly convened and held at 71 Robinson Road #07-01 Singapore
      556 words
    • 2983 25 JARDINE CYCLE CARRIAGE LIMITED (Co. Reg. No.: *****0092R) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the 47th Annual General Meeting of the Company will be held at Atrium Suite, Lobby Level, Mandarin Oriental, Singapore, 5 Raffles Avenue, Singapore *****7 on Thursday,
      2,983 words

  • TRANSPORT
    • 802 26  -  International Chamber of Shipping wants to ensure that the interests of shipping are not unwittingly affected by new UN initiative on the conservation of marine life STRAIT TALK BY DAVID HUGHES IT IS now nearly 22 years since the United Nations
      802 words
    • 449 26  -  By hweetan@sph.com.sg Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore THE Maritime Port Authority of Singapore (MPA) has extended a 10 per cent concession on port dues for bulk carriers, as part of its larger efforts to help shipping companies tide over the current
      449 words
    • 767 26 NYT New York IN agreeing to buy Virgin America for US$2.6 billion, Alaska Air Group is betting that the airline industry is so consolidated after years of mergers that what it needs is another takeover. The acquisition
      NYT; PHOTO: AFP  -  767 words
    • 400 26 BLOOMBERG San Francisco TESLA Motors Inc shipped 14,820 vehicles in the first quarter, less than the 16,000 it had forecast in February. Tesla’s shares fell in after-market trading, giving back some of the gains that followed surprisingly strong orders for the company’s
      BLOOMBERG; PHOTO: REUTERS  -  400 words
  • Page 26 Advertisements
    • 782 26 BIRD’S EYE VIEW OF TENDERJOBS Check out the most comprehensive collection of tender notices in The Straits Times Notices. jun 14/myj NOTICES CNMC GOLDMINE HOLDINGS LIMITED (Company Registration No.: *****9104K) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting
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  • Page 27 Advertisements
    • 1168 27 THE BUSINESS TIMES Shipping times MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL KUC MUA KK JKT MALAYSIA STAR 57 50 9/4 10/4 14/4 16/4 17/4 TAIKLI 047 55 80
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    • 357 27 C a i l a n E n n o r e J e d d a h B r i s b a n e Shanghai Chittagong Ho Chi Minh H o J e b e l A l i n g NYK RORO (ASIA) PTE. LTD. K o
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    • 650 27 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6379 5066 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN TAMESIS FF614 19/03 23/03 25/03 27/03 01/04 07/04 FIDELIO FF616 08/04 18/04 15/04 13/04 28/04 TARAGO FF617 15/04 19/04 21/04 23/04 28/04
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  • OPINION
    • 580 28 EDITORIAL THE unprecedented leak of 11.5 million documents from the database of the world’s fourth largest offshore law firm Mossack Fonseca which has been dubbed the “Panama Papers” case is the biggest leak of confidential documents the world has ever
      580 words
    • 784 28  -  THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 THE Hong Kong National Party, whose ideas of Hong Kong independence have been weighed and dismissed by older
      784 words
    • 1178 28  -  What’s needed to make it successful in Singapore is a one-stop agency to encourage innovation, like in Australia and the UK. BY TAY HONG BENG AND HARVEY KOENIG UK.BY TAY HONG BENG, HARVEY KOENIG T The writers are respectively head of tax and head
      PHOTO: LIM YAOHUI / THE STRAITS TIMES  -  1,178 words
    • 695 29  -  COMMENTARY By Antonio Armellini T The writer was Italian ambassador to India between 2004 and 2008. He is a member of the international institute for strategic Studies and Istituto Affari Internazionali, and a member of the Official Monetary and Financial Institutions Forum’s advisory board Rome BRITAIN’S
      695 words
    • 794 29  -  LETTER TO THE EDITOR Ernie Koh President Singapore Furniture Industries Council I REFER to the article, “For trade groups, a mounting test of relevance” (BT, March 30). Indeed, many trade associations and chambers (TACs) face various issues and challenges.
      794 words
    • 1125 29  -  There will be downside risks for US image overseas should he win November election. election.BY ANDREW HAMMOND T The writer is an associate at LSE IDEAS (the Centre for International Affairs, Diplomacy and Strategy) at the London School of Economics London Donald Trump on Sunday
      PHOTO: AFP  -  1,125 words


  • LIFE & CULTURE
    • 604 30 Consumption of hard liquor has fallen as government cracks down on alcoholism AFP MOSCOW BEARDED hipsters and bespectacled 20-somethings sip pale ales and dark stouts at Garden Beer, one of Moscow’s new craft beer bars serving “made in Russia” brews to an increasingly discerning
      AFP; PHOTO: AFP  -  604 words
    • 827 30 AFP New Delhi IN the crypt of a 16th-century nationally protected tomb in New Delhi, a family is busy preparing a meal in their brightly painted kitchen that boasts a fridge and electricity. New Delhi, where emperors ruled for at least 2,000
      AFP; PHOTO: AFP  -  827 words
    • 797 30 AFP Murrieta, united States GROWING up in mainland China, Hailun “Helen” Zhou always knew that she would finish her high school education in America, whatever the cost. “That’s what everybody does,” said the 17-year-old from Sichuan province who has spent the last two
      AFP  -  797 words
  • Page 30 Miscellaneous
    • 345 30 CRYPTIC CROSSWORD Across 1 Skill that was required to bring Egypt’s gift to London? (11) 9 Sailor told to go on return watch for missing persons (9) 10 Quarter past twelve and not a soul to be seen (2,3) 11 I shall employ abuse (3-3) 12 It’s crazy, using hard
      345 words

  • EXECUTIVE MONEY
    • 1610 31  -  Signs of returning life in Asean markets could provide 2016’s surprise. BY ROBERT ROUNTREE The writer is a global strategist with Eastspring investments SURFING the Value Tsunami (rather than Surfing the Value Wave) would have been a more appropriate title for our 2016 outlook article written
      Source: National Bureau of Statistics and China Customs from Datastream as of March 18,2016. Any opinion or forecast is subject to change without prior notice.  -  1,610 words
    • 564 31  -  By Leslie Picker OVER the last several decades, there were two distinctly dark periods for US technology companies the bursting of the dotcom bubble in 2000 and the 2008 financial crisis. In those periods, investors had such distaste for risk that
      564 words
    • 1271 32  -  A California-based wine store is under investigation for selling millions in futures contracts in a Ponzi-like scheme. scheme.BY ROBERT FRANK NYT FROM the outside, the Premier Cru wine store in Berkeley, California, looked like a traditional, upscale wine-seller. The 29,000-square-foot store was lined
      NYT  -  1,271 words
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  • Page 32 Advertisements
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    • 20 32 OUTLOOK ON 2016 Surfing the value ‘tsunami’ /31 TECH DROUGHT Tech startups choose to stay private in IPO standoff 31
      20 words

  • Page 1 Advertisements
    • 49 1 Crazy about crossovers Catch the slew of new models at showrooms this year Inside Vintage gold Auto focus Living the car life Pages 2-6 8-9 10-12 14 Sub-editor: Vivien Ang Cover design: Dania Amiril Advertising sales: Koh Say Kiong 6319-2105; Cornelius Lee 6319-1007; Michelle Sim 6319-6160; Elizabeth Chua 6319-2483
      49 words

  • THE BUSINESS TIMES EXECUTIVE CARS
    • 2083 2  -  Call it an SUV or a crossover, either way, it is one of the hottest models right now and a slew of them is set to be introduced in Singapore soon. BY SAMUEL EE soon.BY SAMUEL EE samuelee@sph.com.sg WHILE some of these sport-utility vehicles are full-fledged off-roaders
      2,083 words
    • Article, Illustration
      914 8/9  -  Outpacing the general market, collectible cars have become the hottest investment among the well-heeled. BY LOW KA WEI BY LOW KA WEI AMONG the so-called passion investments placing wealth into collectible assets classic cars have been the best performing, bar none. According to the Knight Frank Luxury Investment
      PHOTOS: RM SOTHEBY’S  -  914 words
    • Article, Illustration
      1027 10  -  Try these motoring-themed vacations if you are craving for something a little different for your next holiday. BY LOW KA WEI AUDI TOUR EXPERIENCE THE narrow, winding highways criss-cross-ing Europe’s Alpine region are renowned among petrolheads and the general public alike for being some of the most exhilarating
      PHOTOS: AUDI AG, BENTLEY: MAX EAREY, BMW: SIMON DARBY  -  1,027 words
    • 803 14  -  From bicycles to cocktail hampers, motoring marques offer a wide range of luxury accessories to augment customers’ lifestyles. BY LOW KA WEI ROLLS-ROYCE COCKTAIL HAMPER FANCY a tipple but miles away from civilisation? Put those plastic cups away this mobile bar kit contains all the accoutrements
      803 words

  • Page 3 Advertisements
    • 257 3 zoom-zoom 73 journalists from 23 Countries have decided. There can only be one world's first. •'V I J 1 V MX~5 ■-</ WINNER WINNER V 2016 WORLD CAR AWARDS WORLD CAR OF THE YEAR 2016 WORLD CAR AWARDS WORLD CAR DESIGN OF THE YEAR Mazda MX-5 The world's 1st to
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  • Page 5 Advertisements
    • 146 5 RANGE ROVER EVERY DESTINATION SHOULD LIVE UP TO THE JOURNEY FlAND^ Trover! ABOVE BEYOND I l FTES vm Tl I Bill 1 I >■ Grand-Hotel du Cap-Ferrat V* B o m m ms 0:0 m /-V WV With its suite of class-leading chassis technologies and innovation, the Range Rover is
      146 words


  • Page 7 Advertisements
    • 140 7 U J? ■Jr r A STATUS. A STATEMENT. Meet the statement of your status, the all-new Honda Legend Sport Hybrid SH-AWD. A breathtaking V6 3.5L Direct Injection i-VTEC® engine leads the way. A refined interior complete with hand-stitched leather seats and a 14-speaker KRELL® Industries premium sound system amplify cabin
      140 words



  • Page 11 Advertisements
    • 83 11 INSIGNIA SPORTS TURBO WHISPER DIESEL PI M:~u> Z7 6 v* > Opel’s New 1.6CDTi “Whisper Diesel” The ultra-efficient engines combine smooth power delivery with high levels of driver reward. Unmistakeably quiet and refined, the new engine also boasts vastly reduced levels of noise, vibration and harshness. Fuel Consumption: 5.01/100km (combined)
      83 words


  • Page 13 Advertisements
    • 88 13 GOOD Audi Sport BORN ON BUILT FOR RA CE TRA CK. ROAD The alL-new Audi RS3 Sportback has arrived. 367bhp. O lOOkm/h in 4.6 seconds. Top speed of 280 km/h. Make an appointment to experience it today. ft. fffj 1 Audi RS3 from $281,999 Audi Centre Singapore 281 Alexandra Road,
      88 words


  • Page 15 Advertisements
    • 256 15 THE MOST INNOVATIVE CAR HAS ARRIVED. THE ALL-NEW BMW 750Li. DRIVING LUXURY. The best way to predict the future, is to create it. With the all-new BMW 7 Series, BMW sets the mark in driving luxury, combining the best of comfort, style and most impressively, leading-edge innovations. For those who
      256 words

  • Page 16 Advertisements
    • 67 16 *5 Ferrari OFFICIAL FERRARI IMPORTER SINGAPORE Ital Auto Pte Ltd Sporty, elegant, versatile: discover the new CaliforniaT, the exclusive ultra-innovative spider that melds sportiness and versatility with signature Ferrari driving pleasure. Official Ferrari importer, Ital Auto Pte Ltd, is delighted to invite you to discover the CaliforniaT at their showroom
      67 words