The Business Times, 11 April 2016

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Total Pages: 50
1 50 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 Monday, April 11, 2016
    22 words
  • Article, Illustration
    217 1 A slew of positive economic data in China and elsewhere calms market nerves and prompts some economists to predict a temporary upturn in the global economy. TOP STORIES 2 Private equity firm hopes to make two more deals in the region amid “a good time for investing”, its
    217 words
  • 25 1 Weekly Change STI 2,808.32 -10.17 KL COMP 1,718.40 +7.85 NIKKEI 225 15,821.52 -342.64 HANG SENG 20,370.40 -128.52 SHENZHEN B 1,134.41 -3.36 DOW 17,576.96 -215.79
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  • 702 1  -  Some 20 financial advisory firms apply for permission to transact in ETFs for clients By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore THE Monetary Authority of Singapore (MAS) has eased rules on financial advisers relating to investing in ex-change-traded funds (ETFs) on behalf of retail investors.
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  • 966 1  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore THE central bank is reviewing its monetary policy stance this week, and the market consensus is for all settings to remain on hold with no change to the slope and width of the Singapore
    ST FILE PHOTO  -  966 words
  • Page 1 Advertisements
    • 209 1 *****1 *****1 THE BUSINESS TIMES IWC ENGINEERED FOR MEN. Big Pilot’s Watch. Ref. 5009: Leaning heavily on the first Pilot's Watches and at the same time an original: like its illustrious predecessors, the latest Big Pilot's Watch masterfully combines precision technology with functional design. The largest calibre developed and built
      209 words
    • 26 1 BARCLAYS DEAL Bank of Singapore continues expansion drive TOPLINE 9 KEEPING SINGAPORE SAFE How business sector can help to counter terrorism VIEWS FROM THE TOP 20-21
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    • 12 1 AN EVENING OF WINNERS Honouring the achievements of corporate Singapore SBA 22-23
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  • TOP STORIES
    • 774 2  -  Volatility may return over structural issues in China, global trade slowdown, and worries over next Fed hike: analysts By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore A SLEW of positive economic data in China and elsewhere has calmed market nerves and caused some economists to
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    • 331 2  -  Stock markets cement split, Singapore sees biggest corporate takeover yet and finds first firm guilty of insider trading. BY MELISSA TAN BY MELISSA TAN S Singapore entered a new decade, the spotlight swung away from international affairs and onto highprofile developments in the local
      BT Graphics: Dania Amiril  -  331 words
    • 784 2  -  WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg Singapore US STOCKS last week suffered their biggest losses since the early-year rout because of renewed confusion over the path of interest rates. This week however, marks the official start to earnings season,
      BLOOMBERG FILE PHOTO  -  784 words
    • 871 2  -  By Anthony Rowley btworld@sph.com.sg Tokyo NUCLEAR power “is here to stay” and is fundamentally safe, said William Magwood, director-general of the Organisation for Economic Co-opera-tion and Development’s Nuclear Energy Agency (NEA), in Tokyo. During a visit to
      871 words
    • 443 4  -  Private equity funds with dry powder have an opportunity to pick up bargains now, says ShawKwei founder By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore PRIVATE equity firm ShawKwei Partners hopes to make two more deals in the region amid “a good time
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    • 625 4  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE International Monetary Fund (IMF) has sprung to the defence of central banks’ negative interest-rate policies at a time when these are coming under increasing criticism from business and financial firms as well as from bank depositors
      625 words
    • 685 6  -  Republic is “an open environment for introducing and adopting new technologies” By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore AS Uber completes its third year in Singapore, it has evolved from just a ridebooking app to become a vehicle financing
      ST FILE PHOTO  -  685 words
    • 781 6  -  B y Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore A MILITARY background is beneficial in a management role in a startup, according to Lawrence Lim, Singapore’s former chief of artillery, whose appointment last month as the new chief operating officer
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  • Page 2 Advertisements
    • 50 2 The Business Times has been there to report and analyse the most significant news since 1976. Every week, this feature will showcase excerpts from the biggest stories for each year that the paper has been in operation. The full text of all the stories can be found online at bt.sg/bt_40
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  • Page 3 Advertisements
    • 93 3 BANKING AS EASY AS TELLING TIME 10:07 YOU HAVE (SGD) 37,424 s8 0 The only watch app that provides easy access to your everyday banking: bank balances, latest transactions, credit card overview, as well as lets you locate the nearest ATMs and branches. Discover more at ocbc.com/WatchApp Download on the
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  • Page 6 Advertisements
    • 35 6 )!27G#AFA#’97AI AI>@=2GI> $<& /AJHC5E !C3((L #4CJC !4H:48/AJHC5E ’;<&#;<&/AJHC5E 1 !C3((L C 3((L @C<&L;L/AJHC5E 9(;4J/A J HC5E 0 !C3((L ’;?%$K <% AJHC5E $<& /A65C<C 1!C3((L @C<&L;L/A65C<C 1 !C3((L 0 !C3((L 7( J D-.-110+0,, 1 !C3((L 9(;4J A65C<C B !C3((L
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  • COMPANIES & MARKETS
    • 933 7  -  A multi-pronged approach that includes encouragement, persuasion, openness, target-setting and disclosure should be adopted. BOARDROOM MATTERS adopted.BY JUNIE FOO T The writer is a member of the Governing Council of the Singapore Institute of Directors. INTERNATIONAL Women’s Day came and went last month.
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    • 1767 8  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia insider Limited. THE buying rose after trading flat for three straight weeks while the selling among directors remained low based on filings on the exchange from April 4
      1,767 words
    • Article, Illustration
      64 10 STI Catalist WEEKLY Straits Times Index April 8,2016 2,808.32 -10.17 (-0.36%) Current streak 1 day Week high 2,835.35 Week low 2,800.92 52-week high 3,525.19 (Apr 17, 2015) 52-week low 2,539.95 (Feb 12, 2016) FTSE ST Catalist index April 8,2016 451.77 -3.61 (-0.79%) Current streak 1 day Week high 455.93 Week
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    • 76 10 BY CENTS CLOSE UP 52w high/low DBXT iBoxxSvEu US$ ***** 1262.3 3.7 *****/***** DBXT EONIA US$ ***** 345.6 1.6 *****/***** JMH USD 5803 236.3 3.1 6300/4500 DBXT MSUSA US$ 5323 133.7 1.9 5573/4705 SPDR DJIA US$ ***** 105.3 0.4 *****/***** BY PERCENTAGE CLOSE UP 52w high/low OLS W*****5 0.2
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    • 76 10 BY CENTS CLOSE DOWN 52w high/low DBXT Nifty50 ETF10 ***** -326.7 -2.1 *****/***** DBXT MSJAP US$ 4368 -317.3 -5.1 5277/4031 DBXT MSKorea US$ 5243 -232.2 -3.2 6246/4478 Hyflux 6% CPS ***** -220.0 -2.1 *****/***** DBXT ASX200 US$ 3275 -175.5 -3.8 3908/2900 BY PERCENTAGE CLOSE DOWN 52w high/low Infinio 0.1
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    • 82 10 VOL CLOSE($) CHANGE Vashion 23,186.3 0.002 +0.001 +100.00 Hu An Cable 27,040.7 0.003 +0.001 +50.00 Teho Intl 32.8 0.090 -0.007 -7.22 Baker Technology 48,296.1 0.192 +0.017 +9.71 Chew's 101.6 0.265 +0.025 +10.42 SunVic Chemical 8,304.1 0.115 +0.012 +11.65 TA 103.0 0.300 +0.010 +3.45 CITYDEV NCCPS 288.0 1.110 +0.055
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    • 632 10  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THERE’S little doubt that short-selling and its inevitable partner, short-covering, played a major role in price movements over the past 2-3 years and continue to do so today. As markets grapple with a weakening economic
      632 words
    • 456 10 COMMODITIES REUTERS London COPPER prices stabilised in London on Friday, helped by a lower dollar, but still staged their biggest weekly loss since January on concerns about when demand will grow again and ample supply in China. Three-month copper on the
      REUTERS; PHOTO: REUTERS  -  456 words
    • 317 10 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 238 unch 242/234 271 209 6.1 6255.7 CapitaCom Trust 143.5 -2 146.5/140 177.5 122.5 6 4240.9 CapitaLand 298 cd -4 306/296 379 267 11.9 3 *****.3 CapitaMall Trust 213 +5 213/207 228
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    • 36 10 STI FTSE ST All-Share WEEKLY FTSE ST All-Share index April 8,2016 689.17 +0.02 (0.00%) Current streak 1 day Week high 692.07 Week low 686.76 52-week high 845.85 (Apr 17, 2015) 52-week low 629.34 (Feb 12, 2016)
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    • 34 10 VOLUME Ezra 493,565,000 Annica 311,520,300 Noble 285,305,800 OKH Global 248,591,800 RickmersMaritime 189,514,600 Market volume 7,481,652,000 VALUE DBS Grp 352,950,835 Singtel 322,336,384 UOB 250,400,001 OCBC Bank 196,765,247 HongkongLand USD 184,664,676 Market value 4,504,572,000
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    • 111 10 Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 281 -2 1350 286/279 355/254 281/282 DBXT MSBrazil US$ US276 -11 319 293/274 399/190 276/277 DBXT MSRussia US$ US188 -1 238 188/182 235/129 188/189 ABF SG Bond ETF 118.3 -0.2 204 119/117 119/110.2 118/118.5
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    • 149 10 COMPANY MEETING PLACE DATE TIME Capitaland Reit Ch Tr A The Star Gallery (Lvl 3) The Star Performing Arts Centre 1 Vista Exchange Green 11-Apr 2.00pm Hafary Hldgs A 8 Wilkie Road #03-08 11-Apr 11.00am E Wilkie Edge 11-Apr 12.00pm CapitaLand Mall Trust A The Star Gallery (Lvl
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    • 77 10 Apr 8 VALUE CLOSE BT OB/OS 4.00 +166.00 BT CADI -*****.00 +35.00 BT 10-day MA -*****.00 +1.00 FTSE ST Mid Cap 683.41 +0.72 FTSE ST Small Cap 395.89 +1.74 FTSE ST All Share 689.17 -1.57 FTSE ST China Top 163.87 +0.08 FTSE ST China 194.31 -0.07 FTSE
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    • 34 10 STI MSCI EAFE WEEKLY MSCI EAFE index April 8,2016 1,625.36 +9.13 (+0.56%) Current streak 3 days Week high 1,627.24 Week low 1,595.94 52-week high 1,949.49 (May 15, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 7 2 1 0 0 9 7 2 Manufacturing 54 55 32 9 17 13 63 72 45 Commerce 29 28 6 3 13 5 32 41 11 Tpt/Stor/Comms 14 16 8
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    • 123 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 90,762 8,732 99,494 317,711 1,872 319,583 Manufacturing 657,564 589,192 1,246,756 405,669 8,254 413,923 Commerce 485,816 132,958 618,774 455,267 5,026 460,293 Tpt/Stor/Comms 1,037,285 5,987 1,043,272 785,598 512 786,110 Finance 128,941 377 129,318 877,091 43 877,134 Construction
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    • 418 11  -  Three high net worth individuals contribute over S$500,000 each in seed capital to FundedHere By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore FUNDEDHERE, the first crowdfunding platform to gain regulatory approval, has raised S$1.74 million in seed capital from three high net worth individuals: the major
      418 words
    • 239 11 Apr 8 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications 5.50 Bangkok Bank Public Co. Ltd .6.00 Bank of China Limited Bank of Tokyo-Mitsubishi Bank of Communications Banque Internationale a Bank of East Asia
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    • 1627 11 Payment Ex Rec Pay Ann (cts) date date date date 8Telecom Intl Hldgs by 448.600 22-Mar 24-Mar 15-Jul 17-Mar Adv Integrated Mfg Corp ak 1.150 17-May 19-May 27-May 07-Mar AEM Hldgs Ltd ak 1.000 12-May 16-May 27-May 24-Feb AIMS Prop Sec Fd do 0.133 29-Mar 31-Mar 17-Jun 22-Mar
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    • 1280 11 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (times) Accordia Golf Trt 1.00 1.00 1 0.08 7.30 0.87 0.61 AIMS AMP Cap Industrial Reit 1.33 1.33 1 0.11 12.41 1.45 1.36 ARA Asset Mgt 1.50 1.50 1 0.09
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    • 369 12 Britain’s potential exit from the world’s largest single market also weighs heavily on sterling CURRENCIES BLOOMBERG London THE pound looks unlikely to get much of a boost this week even as traders get the chance to turn their attention away from
      BLOOMBERG  -  369 words
    • FOREX RATES
      • 22 12 Apr 8 S$ Bid Offer 1-month 1.3502 1.3510 2-months 1.3507 1.3513 3-months 1.3514 1.3521 6-months 1.3525 1.3534 Source: OCBC
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      • 155 12 Apr 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0198 1.0206 0.7554 0.7558 Canadian dollar 1.0316 1.0323 0.7644 0.7641 Euro 1.5368 1.5378 1.1384 1.1388 NZ dollar 0.9171 0.9179 0.6793 0.6797 Sterling pound 1.9070 1.9081 1.4126 1.4130
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      • Article, Illustration
        3 12 WEEKLY
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      • Article, Illustration
        2 12 WEEKLY
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      • 3 12 COMPOSITEWEEKLY
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      • Article, Illustration
        3 12 WEEKLY
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      • 471 12 Apr 8 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.989 4.895 0.664 5.861 50.361 99.324 0.824 8.710 2.957 1.112 79.092 34.863 1.020 11.397 0.722 24.493 26.559 0.535 0.756 Canada 1.011 4.951
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    • EQUITY BONDS WARRANTS FUTURES
      • 384 12 Apr 8 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Apr16 9512.50 9525.00 9422.50 9525.00 *****0 *****8 May16 9430.00 9465.00 9372.50 9467.50 1282 6979 NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 *****1 *****8 Sep16 *****.00 *****.00 *****.00 *****.00 277 661 MSCI TAIWAN
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      • 207 12 Apr 8 Prem Expiry Wk Vol Conv Exer Disc Gear- Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 9.6 -1.6 ***** 0.1 1480 3 CSC Holdings W*****9 1.6 0.1 ***** 1 1 1.63 56 UOB MB eCW*****5 7.9 -1.4 *****
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      • 377 12 In local curr In S$ In US$ dy yr dy yr dy yr Apr 8 Index Change Change Change Change Change Change World Preliminary 1232.7 0.6 -3.5 0.4 -6.7 0.7 -1.8 EAFE Preliminary 921.3 1.0 -9.1 0.8 -10.0 1.1 -5.3 Europe Preliminary 1319.0 1.2 -6.6
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    • BANK RATES
      • 154 12 Apr 8 $S Offer Bid 0vernight 0.03 Par 1-month 0.7500 0.6250 2-months 1.0000 0.8750 3-months 1.0625 0.9375 Overnight mode: 0.03 US$ 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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      • 65 12 Apr 8 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.23 5-Year NX*****X 2.250 01-Jun-21 103.54 103.75 103.57 10-Year NX*****Z 2.375 01-Jun-25 104.02 104.25 104.20 15-Year NZ*****F 2.875 01-Sep-30 107.49 107.80 107.80 20-Year NZ*****V 3.375 01-Sep-33 114.49 30-Year NA*****H
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    • AGRI METALS ENERGY
      • 250 12 Apr-8 Price Net change change Last Trade Agricultural Apr-8 CBOT Soybeans (US cents/bu) 916.75 12.25 1.35% 13/05/2016 CBOT Soybean Oil (US cents/lb) 33.94 -0.16 -0.47% 13/05/2016 CBOT Wheat (US cents/bu) 460.25 3.25 0.71% 13/05/2016 Apr-8 LIFFE Cocoa (£/tonne) 2136.00 12.00 0.56% 13/05/2016 LIFFE Coffee (US$/tonne) 1513.00 17.00 1.14%
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    • 2030 13 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E $mil Last vol Week Div GrYld 153 127 AIMSAMP Cap Reit 136.5 +2.5 1353 137.5 133.5 1 8.1 867.3 MCap 175.5 101 ARA Asset Mgmt 114.5cd -1.5 2253 118 114 1.7
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    • 403 13 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale Vol 4 1.7 t Acesian Partners 3 unch 400 3 3 4.1 10.5 1 0.2 t Advanced Systems 0.3 +0.1 1800 0.4 0.3 7.9 Week Low 16.5 4.5
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    • 180 13 52-Wk Last Vol Week Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last 107.7 69.1 CIMB APAC Div US$ US76.2 -0.6 1 77 76.2 8 1019 700 CIMBASEAN40 US$ US850cd -25 0 860 850 133.3 4258 2355 DBXT China50 US$ US2720 -38
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  • Page 7 Advertisements
    • 123 7 Equity investment totals have reached $66 trillion worldwide. In the U.S. alone, equity markets have grown more than 180% since 2009. With that much at stake for individuals as well as institutions mutual funds, retirement funds and endowment funds need a way to manage the risks of stock market fluctuations.
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    • 7 7 T For more articles, go to btd.sg/BMatters
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  • Page 8 Advertisements
    • 2350 8 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices ROWSLEY LTD. (Incorporated in the Republic of Singapore) (Company Registration No. *****8381D) (“Company”) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Sixteenth Annual General Meeting of the Company will be held on Tuesday, 26 April 2016 at 10.00
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  • Page 11 Advertisements
    • 144 11 the art SilvVw .106 33.141 a L 6,000.40 6,001.40 33 f? 8£ KU V IPY*****2* Hf'!' MS AUDflJSD 0.T0236A .»-<■ Ty —Fiaa GBPflJSPi.46i9*Am.i! !sa USP* u Australia 200 Cash w Upgrade to Next Generation our cutting-edge trading platform Fully customisable to suit your trading style, our platform has fast execution
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  • Page 13 Advertisements
    • 79 13 SGX== SGX My Gateway Stay informed about Singapore’s stock market with regular market updates, research reports and corporate actions. Sign up on sgx.com/mygateway now. Singapore Exchange This advertisement has been published for general circulation only. It is not an offer or solicitation to buy or sell, nor financial advice or
      79 words

  • REAL ESTATE
    • 633 14 Buyers are typically savvy young professionals squeezed out of other more central areas and looking for a quick commute to the City, says a property developer BLOOMBERG London HOME prices are surging in London’s outer districts as improvements
      BLOOMBERG; PHOTO: REUTERS  -  633 words
    • 948 15 Specially designed houses in US can accommodate extended families under same roof NYT Washington BOB and Myrna Conrad, both 65, share a house with their son Wade, 41, his wife, Dana, 42, and their grandson Bryce, 21. Isn’t it crowded? Don’t they cramp one
      NYT; PHOTO: TJ KIRKPATRICK/THE NEW YORK TIMES  -  948 words
  • Page 14 Advertisements

  • Page 15 Advertisements
    • 112 15 SMALLER OFFICE SPACES NOW AVAILABLE AT ASIA SQUARE. 650 to13,000 sq ft of unlimited potential. Expect more for your business at Asia Square. With two floors of pre-fitted office space now available, you will be right in the heart of the new CBD with easy MRT and parking access. Amenities
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • 2100 16 Do not take the safe path every time as life has twists and turns, says Achal Agarwal, senior executive of US multinational Kimberly-Clark IT is an honour and a privilege for me to be here to deliver this graduation speech. I see it as a
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    • 981 16  -  There is much that Singapore taxpayers can be thankful for MONDAY MULTIPLE By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT IT cannot be denied that life is full of difficulties but by the same token, there are positives too. Rather than focus on the negatives, it might be appropriate
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  • Page 16 Advertisements
    • 105 16 GET STARTED NOW Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
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  • Page 17 Advertisements
    • 2765 17 NOTICES Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings (Company Registration No.: *****9104K) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of CNMC GOLDMINE HOLDINGS LIMITED (the “Company”)
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  • VIEWS FROM THE TOP
    • 2748 20 THIS WEEK’S TOPIC: How should the business sector help keep Singapore’s commercial buildings and public premises terror-proof? John Bittleston Founder Chair Terrific Mentors International Pte Ltd NOBODY can be wholly secure against random terror attacks. The main defences are intelligence, alertness, willingness to be involved and quick
      FILE PHOTO  -  2,748 words

  • Page 21 Advertisements
    • 149 21 r > i N A SINGAPORE ACCOUNTANCY AWARDS 2016 r~\ w w F0R EXCq n j Multi-faceted, dynamic, client-centric, and trusted... attributes of the finest performers at the peak of their profession. Celebrating excellence in Accountancy, the Singapore Accountancy Awards recognise outstanding practices and individuals in the profession. And with
      149 words
    • 212 21 The full list of views from CEOs is available at http://businesstimes.com.sg ESSEC MANNHEIM EXECUTIVE MBA ASIA-PACIFIC SHAPE YOUR CAREER, EMPOWER YOUR FUTURE r An inclusive learning approach with a strong focus on actionable learning "A >5 i ESSEC Asia-Pacific campus at One-North Business Park The ESSEC Mannheim Executive MBA Asia-Pacific
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  • SINGAPORE BUSINESS AWARDS
    • 1035 22  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT FOR a good three hours on March 31, the Who’s Who of corporate Singapore celebrated in style the accomplishments of some peers and companies at The Ritz-Carlton Millenia ballroom with an evening of glitz, good food, wine, and humour; reconnecting
      Photos by: Kelvin Chng, Gary Goh and Robert Wesley Seng  -  1,035 words


  • BANKING & FINANCE
    • 820 24 21 Zhongjin Capital Management employees held on suspicion of “illegal fundraising” REUTERS Shanghai ZHONGJIN Capital Management made a splash in the past couple of years in Shanghai. The wealth management firm’s imposing branch office on Shanghai’s historic Bund pulled in many eager
      REUTERS; PHOTO: REUTERS  -  820 words
    • 958 24  -  Hedge fund has no chance as the bank’s shareholder alliance remains strong Hong Kong BLOOMBERG ELLIOTT Management Corp’s attempts to weaken the Li family’s hold over Bank of East Asia Ltd face their first public test at the lender’s annual
      BLOOMBERG  -  958 words
    • 958 25 Number of tellers in Washington area down by some 50% in 10 years, outpacing 17 per cent drop nationally WP Washington WHEN Wells Fargo opened its first high-tech branch three years ago in Washington’s NoMa neighbourhood, it did away with
      WP; PHOTO: BLOOMBERG  -  958 words
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  • Page 25 Advertisements
    • 202 25 OPENS TOMORROW! r «*^§vs**\ 12 -14 April 2016 (Tue Thurs): 10am 6pm 15 April 2016 (Fri): 10am 4pm FHA SOIB The Most Comprehensive International Food and Hospitality Trade Show in Asia Singapore Expo Hall 1-9 Annex www.foodnhotelasia.com Wl Find us: Food&HotelAsia Pro Wine International Trade Fair for Wines and Spirits
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  • ENERGY & COMMODITIES
    • 919 26 The US solar energy giant is preparing for bankruptcy just five months after aggressive growth and has already sold off some large ventures REUTERS Los Angeles IN November, US solar energy giant SunEdison Inc reported that its project pipeline had grown by 75
      REUTERS; PHOTO: REUTERS  -  919 words
    • 457 27 Steel firms have blunted some of the impact of overcapacity by selling their surpluses abroad REUTERS Beijing CHINA’S plans to shut steel mills over the next five years would cut total capacity to an estimated 1.13 billion tonnes by 2020, still far
      REUTERS; PHOTO: BLOOMBERG  -  457 words
  • Page 26 Advertisements
    • 1934 26 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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    • 1430 26 INTERNATIONAL PRESS SOFTCOM LIMITED (Incorporated in the Republic of Singapore) (Company Reg. No. *****1169E) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting (“AGM”) of INTERNATIONAL PRESS SOFTCOM LIMITED (the “Company”) will be held at 26 Kallang Avenue, Conference Room, Level 2 International Press Building,
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  • Page 27 Advertisements
    • 2260 27 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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    • 1592 27 LUZHOU BIO-CHEM TECHNOLOGY LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****2523N) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Falcoh Room, National Service Resort Country Club, 10 Changi Coast Walk, Singapore *****9, on Thursday,
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  • Page 29 Advertisements
    • 183 29 Join us if you’re interested in the stocks that are primed for rebound and learn which sector will bounce back the best in 2016! As corporate profits for FY2015 plunged by 18% to $25.6 billion as at end-Feb 2016, the key questions underlying an equity sustainable rebound would be Will
      183 words
    • 3799 29 ■V -2 SINCAP GROUP SINCAP GROUP LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****5161G) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Sincap Group Limited will be held at SAFRA Mount Faber (Crystal Room 3, level 2), 2 Telok Blangah
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  • Page 30 Advertisements
    • 2332 30 GLOBAL TESTING CORPORATION LIMITED (Incorporated in Singapore) (Registration No. *****9582R) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at the Sheraton Towers Singapore, Diamond Room, Lower Lobby, 39 Scotts Road, Singapore *****0 on Thursday, 28 April 2016 at
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    • 3403 30 MEWAH INTERNATIONAL INC. (Company No. CR-*****5) (Cayman Islands Company) (the “Company”) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of MEWAH INTERNATIONAL INC. (“Company”) will be held at The Chevrons, Violet Room, Level 3, 48 Boon Lay Way, Singapore *****1 on Wednesday, 27 April
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  • TECHNOLOGY
  • Page 31 Advertisements
    • 64 31 Simply the best time to buy cars With all the great offers from all your favourite brands, you don’t need any more excuses. AUDI•BMW•CHEVROLET•CHRYSLER•CITROEN•FORD•HONDA•HYUNDAI•INFINITI•JAGUAR•JEEP•KIA•LAND ROVER•MAZDA•MITSUBISHI•NISSAN•OPEL•PEUGEOT•RENAULT•SUBARU•SUZUKI•TOYOTA•VOLKSWAGEN•VOLVO Singapore Expo Hall 4 5, 10am to 8pm•23 24 April 2016 (Saturday Sunday) Admission is free Find New Cars, Pre-owned cars and Accessories at Singapore’s
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  • Page 32 Advertisements
    • 2109 32 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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    • 2368 32 CHARISMA ENERGY SERVICES LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****6776D) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of Charisma Energy Services Limited (the “Company”) will be held at Ballroom 3, The Singapore Island Country Club, 180 Island Club
      2,368 words

  • CONSUMER
    • 702 33 The gems are now cheaper than they were in 2006, while prices of luxury items have risen at above-inflation rates BLOOMBERG London IN THE diamond industry, even the crooks are old-fashioned. The ringleaders jailed for a US$20 million jewellery heist in London last year
      BLOOMBERG; PHOTO: REUTERS  -  702 words
    • 991 34 History has proved that they can create connections between brand and consumer that firms consider crucial New York WITH only four months left before the start of the Summer Olympics in Rio de Janeiro, marketing executives are well along in their hunt for the
      PHOTOS: AFP  -  991 words
  • Page 33 Advertisements
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    • 2062 33 HOCK LIAN SENG HOLDINGS LIMITED (Company Registration No.: *****8903E) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of HOCK LIAN SENG HOLDINGS LIMITED (the "Company") will be held at Hotel Re! Pearl's Hill, Level 2, Re! Union, 175A
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  • Page 34 Advertisements
    • 1804 34 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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    • 1487 34 EDITION LTD. (Company Registration No. *****1873E) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eleventh Annual General Meeting of Edition Ltd. (the "Company’') will be held at 78 Gilstead Road, Singapore *****6 on Tuesday, 26 April 2016 at 10.00 a.m. to
      1,487 words

  • Page 35 Advertisements

  • Page 36 Advertisements
    • 1681 36 NOTICES TOLL FREE 18 0 0-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices J AVIC INTERNATIONAL MARITIME HOLDINGS LIMITED (Company Registration No. *****4137N) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of AVIC INTERNATIONAL MARITIME HOLDINGS LIMITED (the “Company") will
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    • 3073 36 J ■r si§ FuYu Corporation Limited (Company Registration Number: *****4601C) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (the "AGM") of Fu Yu Corporation Limited ('the Company") will be held at Bridge Rooms, Level 2, Raffles Marina, 10
      3,073 words

  • Page 37 Advertisements
    • 2513 37 NOTICES TOLL FREE 18 0 0-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices JEP HOLDINGS LTD. Company Registration No. *****1749E (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of JEP Holdings Ltd. (“the Company”) will be held at 44 Changi
      2,513 words
    • 2523 37 SunMoon SUNMOON FOOD COMPANY LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****4656K) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of SUNMOON FOOD COMPANY LIMITED will be held at Vine II Ballroom (Level 2), Metropolitan YMCA Singapore, 60 Stevens Road, Singapore
      2,523 words

  • Page 38 Advertisements
    • 2367 38 NOTICES TOLL FREE 18 0 0-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices HYFLUX LTD Company Registration No.: *****2722Z (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Hyflux Ltd (the “Company”) will be held at Hyflux Innovation Centre, 80
      2,367 words
    • 2423 38 NATURAL COOL HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****9967G NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 29 Tai Seng Avenue, #07-01 Natural Cool Lifestyle Hub, Singapore *****9 on Tuesday, 26 April
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  • Page 40 Advertisements
    • 2797 40 0(11 COMBING WILL COMBINE WILL INTERNATIONAL HOLDINGS LIMITED Incorporated in the Cayman Islands on 8 October 2007 (Company Registration No. MC-*****3) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 10 Collyer Quay, #27-00, Ocean Financial Centre, Singapore
      2,797 words
    • 26 40 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices
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  • Page 41 Advertisements
    • 2775 41 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices BENG KUANG MARINE LIMITED Registration No. *****0196M (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Annual General Meeting of Beng Kuang Marine Limited (the “Company”) will be held at 55 Shipyard Road, Singapore *****1 on Thursday, 28
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    • 0 41
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  • Page 42 Advertisements
    • 2368 42 Tnd Agri INDOFOOD AGRI RESOURCES LTD. (Incorporated in the Republic of Singapore) (Company Registration No. *****6551G) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Raffles City Convention Centre, Atrium Ballroom (Level 4), 80 Bras Basah Road, Singapore
      2,368 words
    • 237 42 NOTICES TOLL FREE 18 0 0-289-8822 I Email n o t i c e s s p h c o m s g I www.sphclass.com.sg/notices PARKEAST PTE. LTD. (Co. Reg. No.: *****6648N) (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the members of the abovenamed Company, duly convened
      237 words
    • 135 42 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF FORTUNE ESTATE PTE. LTD. (In Members' Voluntary Liquidation) Reg No. *****8329C ("the Company") NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of
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    • 17 42 Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices
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  • GOVERNMENT & ECONOMY
    • 1087 44 Stability in the country’s forex reserves and a slight appreciation of the renminbi against the dollar indicate a shift in strategy, say economists and bankers NYT Hong Kong CHINA rattled markets around the world last year when vast sums
      NYT; PHOTO: REUTERS  -  1,087 words
    • 1063 44 He also announces task force to probe leaked data from law firm in tax haven BLOOMBERG London UK Prime Minister David Cameron on Sunday published details of the taxes he has paid since 2009 as he sought to draw
      BLOOMBERG  -  1,063 words
    • 500 45 Abe’s comment against “arbitrary intervention” misunderstood and does not mean Japan cannot intervene in response to one-sided currency moves REUTERS Tokyo JAPAN’S top government spokesman said that the Group of 20’s (G-20) agreement to avoid competitive currency devaluation does not mean Japan cannot
      REUTERS  -  500 words
    • 682 46 More than 55 per cent of young voters said they would “definitely vote” in Wednesday’s election AFP Seoul THIS week’s general election in South Korea is expected to feature a new breed of “angry young voter” millennials frustrated with record-high unemployment and
      AFP; PHOTO: REUTERS  -  682 words
    • 366 46 BLOOMBERG Sydney PRIME Minister Malcolm Turnbull’s government promised to invest A$490 million (S$499 million) in infrastructure in Western Australia in the coming financial year, seeking to redress the state’s shortfall in the share it receives of the federally collected goods and services tax.
      BLOOMBERG  -  366 words
  • Page 44 Advertisements
    • 1103 44 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices EUCON HOLDING LIMITED (Company Registration No.: *****7762R) (Incorporated in the Republic of Singapore with Limited Liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fourteenth Annual General Meeting of Eucon Holding Limited (the “Company”) will be held at
      1,103 words

  • Page 45 Advertisements
    • 2286 45 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
      2,286 words
    • 2604 45 AEI CORPORATION LTD. (the “Company”) (Incorporated in the Republic of Singapore) Co. Registration No. *****0506G NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of AEI Corporation Ltd., will be held at 12 Penjuru Lane, Jurong Town Industrial Estate, Singapore *****2 on Tuesday, 26 April
      2,604 words

  • Page 46 Advertisements
    • 1476 46 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
      1,476 words
    • 1445 46 Compact COMPACT METAL INDUSTRIES LTD Company Registration No. *****0009H (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 41 st Annual General Meeting ("AGM") of Compact Metal Industries Ltd (the "Company") will be held at 120 Pioneer Road, #01-03, Singapore *****7 on
      1,445 words


  • Page 48 Advertisements
    • 1159 48 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 TAIKLI 047 55 80 14/4 17/4 GLOVIS PRESTIGE 3 120 29/4 30/4 MALAYSIA
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    • 357 48 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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    • 660 48 l L h b t 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 TARAGO FF617 15/04 19/04 21/04 23/04 28/04 04/05 TIJUCA FF619 04/05 08/05 10/05 12/05 18/05 24/05 TAMERLANE
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  • DINING OUT
    • 1068 49  -  Damian D’Silva is back with his traditional local cuisine prepared with lots of passion and care. BY JAIME EE BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT D’s Joint #01-28 Timbre+ 73A Ayer Rajah Crescent Tel: *****040 Open Mon to Sat: 11am to 11pm. Closed on Sun and public
      1,068 words
  • Page 49 Advertisements
    • 206 49 ]jVvng r)rpSmg Chil^h 201 *3 R ]> ijou We a Jreami aspiration? fliat inSPiTeS TJoU t° Jo good or a Song u spurs you to Leat tke «JJs? CALL FOR ENTRIES TO PERFORM IN CHILDAID 2016 This year’s Child Aid concert celebrates Living Dreams. Ifyou can sing, dance, emcee or
      206 words

  • LIFE & CULTURE
    • 692 50 Filipino knocks down American twice on his way to a comfortable unanimous decision AFP Las Vegas MANNY Pacquiao scored an emphatic victory over American Tim Bradley here on Saturday, sealing his 21-year professional career with a vintage performance in his farewell to
      AFP; PHOTO: REUTERS  -  692 words
    • 749 50 NYT New York HE was an orphaned immigrant from “darkest Peru” who took his name from the Central London railway station where he was rescued by an agreeable English couple named Mr and Mrs Brown. They spotted him on the platform, sitting alone
      NYT; FILE PHOTO  -  749 words
    • 439 50 REUTERS Los Angeles A PASSIONATE kiss, Leonardo DiCaprio’s The Revenant bear encounter, and a foul-mouthed hosting duo dominated Saturday’s pro-fanity-laden MTV Movie Awards, where Star Wars: The Force Awakens came away the top winner. The Force Awakens, the third-highest grossing film of
      REUTERS  -  439 words
  • Page 50 Miscellaneous
    • 363 50 CRYPTIC CROSSWORD Across 1 Do away with heartless order after period (9) 9 Little woman and patient man meeting by a shrub (6) 10 Ferocious woman that could cut one dead (6-3) 11 Dealer looking embarrassed with paintings being returned? (6) 12 Unco-operative type? Right I seek fun, somehow (9)
      363 words