The Business Times, 20 April 2016

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Total Pages: 26
1 26 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 20, 2016
    22 words
  • Article, Illustration
    188 1 Singapore-based Ninja Logistics raises US$30 million in Series B funding led by private equity firm Abraaj Group amid growing interest in the regional e-commerce space. TOP STORIES 3 Two long-time shareholders of Cordlife Group want board seats, in a sign of their unhappiness over the sudden departure of
    188 words
  • 981 1  -  Some say it will do well, but others say consumers need to get used to mobile wallets By Jacquelyn cheok jaccheok@sph.com.sg @JacCheokBT Singapore GONE are the days of thumbing through your wallet for cash or the right
    Photos: Apple.com and EZ-Link; BT Graphics: Jacquelyn Cheok & Gareth Chung  -  981 words
  • 602 1  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore GENDER diversity on the boards of Singapore’s largest listed companies is lagging the region, and the Republic has been overtaken by countries which have made regulation-driven improvements. A study by Korn Ferry and the Centre for
    Source: Korn Ferry, NUS Centre for Governance, Institutions and Organisations  -  602 words
  • 26 1 Tuesday Change STI 2,951.81 +34.06 KL Comp 1,711.15 -6.53 Nikkei 225 16,874.44 +598.49 Hang Seng 21,436.21 +274.71 Shenzhen B 1,136.38 -3.29 Dow(11.45am EDT) 18,059.70 +55.54
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  • TOP STORIES
    • 760 2  -  Ooi Boon Peng says China, India, Indonesia aware of issues and will help Asia reach turning point By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore EASTSPRING Investments’ Ooi Boon Peng, who oversees US$29 billion as chief investment officer (CIO) of fixed income at the Prudential asset
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    • 380 2 REUTERS London NEGATIVE interest rates in the developed world have forced central bank managers to take more risks as they strive to maintain the value of the trillions of dollars worth of assets they hold in reserves, a survey showed on
      REUTERS  -  380 words
    • 455 2 March housing starts fall; permits for future home construction at 1-year low LATEST US DATA REUTERS Washington US housing starts fell more than expected in March and permits for future home construction hit a one-year low, suggesting some cooling
      REUTERS  -  455 words
    • 733 2 Any govt aid to 1MDB will pile more pressure on Najib, already facing allegations of graft and mismanagement REUTERS Kuala Lumpur THE Malaysian government on Tuesday was facing the prospect of having to bail out the scandal-tainted state fund
      REUTERS  -  733 words
    • 585 2 BLOOMBERG Kuala Lumpur MALAYSIA Airlines Berhad’s (MAB) chief executive and managing director Christoph Mueller will leave in September, well before the end of his three-year contract, the company announced on Tuesday. The airline said in a statement that Mr Mueller was
      BLOOMBERG; PHOTO: BLOOMBERG  -  585 words
    • 483 3  -  Private equity firm Abraaj leads round, joined by Monk’s Hill, B Capital and Yahoo Japan By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE-based express delivery company Ninja Logistics, which runs the Ninja Van service, has raised US$30 million in Series B funding
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    • 556 3  -  By Grace So graceso@sph.com.sg Singapore LOGISTICS company DHL has opened a S$160 million, purpose-built mul-ti-user facility in Tampines LogisPark. The 90,000 square metre Advanced Regional Center (ARC) houses its first innovation centre outside Germany, along with DHL Supply Chain’s Singapore country office, its Asia-Pa-cific regional
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    • 413 4  -  With automation and autonomy, manpower resources can be better optimised while enhancing productivity and safety SINGAPORE MARITIME WEEK 2016 By Renald Yeo yrenald@sph.com.sg Singapore IMPROVED operational safety and optimised usage of resources are some of the key benefits that can be
      413 words
    • 581 4 AFP REUTERS London OIL prices recovered further on Tuesday as a strike by Kuwaiti petroleum workers entered its third day, outweighing disappointment over the failure of weekend talks to freeze output. Prices had plunged early on Monday soon after news that Sunday’s
      AFP; REUTERS  -  581 words
    • MARITIME BRIEFS
      • 162 4 SINGAPORE’S inaugural Maritime Administrators Forum drew close to 50 participants from Asia, Europe, Africa and Latin America. The forum convened by the Maritime and Port Authority of Singapore (MPA), under the auspices of the Singapore Maritime Week, facilitated the exchange of best practices and
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      • 207 4 THE Maritime and Port Authority of Singapore (MPA) will issue a call in May for research project proposals under its S$200 million Maritime Innovation Technology (MINT) Fund. MPA’s assistant chief executive M Segar, in making the announcement at the Maritime Sustainability
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    • 114 3 Accreditation ii A A m College of Business CITY UNIVERSITY OF HONG KONG £_efmd EQUIS A DBA An Executive Doctorate Programme Offered by One of the Best Business Schools in Asia (No. 2) and in the World (No. 33) (UTD Rankings) Here are just a few highlights of our programme...
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    • 180 4 Latin American oil producers may rebalance market, Page 16 The Straits Times, Apr 16, 2016. Simply the best time to buy cars ime o buy cars ply the best tie to buy cars he bes ime o buy cars mply the best tme to buy cars ly the best time
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  • COMPANIES & MARKETS
    • 549 5  -  Long-time stakeholders Bonvests and Tai Tak Estates plan to call for shareholder meeting following the sudden resignation of CEO Jeremy Yee By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore DISPLEASED by the sudden departure of Cordlife Group’s chief executive last month, two key long-time shareholders of
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    • 732 5  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore UNDER-RESEARCHED stocks from various sectors including those from the real estate investment trust (Reit) and consumer segments have made their way into the list of top 25 small-cap companies compiled by RHB Research. The small caps, defined
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    • CORPORATE DIGEST
      • 28 5 CATALIST-listed local cleanroom specialist Acromec has won two contracts totalling S$7.1 million from a customer in the healthcare sector, bringing its current order book to S$47 million.
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      • 38 5 MAINBOARD-listed Darco Water Technologies’ subsidiary has won a 40.9 million yuan (S$8.5 million) deal for the construction of the Phase II desulfurisation zero-liquid-discharge wastewater treatment system for Tianjin Power’s power generating plant in North China.
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      • 80 5 SINGAPORE Press Holdings has entered into a partnership with San Diego-based mobile advertising startup Adtile to use the latter’s technology in mobile advertising for deeper interactivity with users. Adtile’s Motion Ads makes use of a smartphone’s capabilities like the global positioning system, gyroscope and accelerometer to strengthen
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    • 433 5  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore IN a first-of-its-kind collaboration between established financial institutions and emerging fintechs (financial technology startups), DBS Bank has signed cross-referral agreements with two homegrown peer-to-peer (P2P) lending platforms, Funding Societies and MoolahSense. This enables DBS to
      433 words
    • 812 6  -  HOCK LOCK SIEW BY SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT DBS Group Holdings’ latest annual report is not a bad read, as annual reports go. For one, the board, or rather the directors who are male, are shown in all their shirt
      PHOTO: DBS ANNUAL REPORT 2015  -  812 words
    • 503 6 Singapore THE Singapore dollar has already erased its losses from last week’s surprise easing even as central banks worldwide face the limits of monetary policy in weakening a currency. The Singapore dollar strengthened 1.5 per cent over the past three
      503 words
    • 455 7  -  Markets still soft and challenge is to maintain margins amid rising fixed cost pressure, says company By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore LIFESTYLE products group OSIM International, the target of a privatisation bid by its founder Ron Sim, has dropped its usual
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    • 467 7  -  By leejamie@sph.com.sg Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SHARES of Keppel Corporation rose on Tuesday, despite the company reporting a slump in first-quarter earnings at the start of the week, even as some analysts warn of a long drought ahead for the oil
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    • 525 7 BLOOMBERG Singapore KEPPEL Corp, the world’s largest builder of oil rigs, said it won’t resume work for a key Brazilian client until the customer restarts making payments on its orders. Sete Brasil Participacoes SA, embroiled in a corruption
      BLOOMBERG  -  525 words
    • 316 7  -  By Gladys Yeo gladyeo@sph.com.sg Singapore THE Institute of Valuers and Appraisers of Singapore (IVAS) and Nanyang Technological University (NTU) have jointly launched the Chartered Valuer and Appraisal programme amid rising demand for professionals with strong competencies and experience in business valuation, they said in
      316 words
    • Article, Illustration
      63 8 STI Catalist Straits Times Index April 19,2016 2,951.81 +34.06 (+1.17%) Current streak 1 day Day high 2,954.21 Day low 2,928.70 52-week high 3,515.85 (Apr 27, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index April 19,2016 452.65 +1.81 (+0.40%) Current streak 1 day Day high 454.75 Day low
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    • 636 8  -  Upsurge is in response to an overnight jump on Wall Street and a 40-point rise in the Dow futures STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index (STI) on Tuesday rose for the fifth time in six days, gaining 34.06
      Source: Bloomberg  -  636 words
    • 78 8 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 373.7 1.3 *****/***** DBXT MSJAP US$ 4828 200.3 3.2 5277/4031 DBXT MSEurope US$ 5433 125.0 1.7 6300/4770 DBS Bk 4.7% NCPS ***** 115.0 1.1 *****/***** GLD US$ ***** 83.3 0.5 *****/***** BY PERCENTAGE CLOSE UP 52w high/low Zhongxin Fruit
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    • 77 8 BY CENTS CLOSE DOWN 52w high/low DBXT Vietnam US$ 2213 -44.4 -1.5 2786/2017 DBXT S&PShort US$ 2058 -21.5 -0.8 2393/2056 JSH USD 3083 -21.5 -0.5 3544/2524 Pan Ocean 450 -19.0 -4.1 560/300 DBXT MSBrazil US$ 306 -18.8 -4.4 399/190 BY PERCENTAGE CLOSE DOWN 52w high/low STI 2800MBePW*****9 0.6 -57.1
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    • 82 8 VOL CLOSE($) CHANGE Cacola 3,936.2 0.007 +0.002 +40.00 EuroSports Gbl 55.0 0.150 -0.030 -16.67 Plato Capital 18.0 0.099 +0.017 +20.73 Magnus Energy 79,042.1 0.003 +0.001 +50.00 SunVic Chemical 6,823.0 0.135 +0.018 +15.39 Edition 720.0 0.010 -0.002 -16.67 Zhongxin Fruit 10.0 0.018 +0.009 +100.00 Pavillon 109.6 0.050 +0.007 +16.28
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    • 319 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 252 +1 253/248 271 209 5.8 6623.7 CapitaCom Trust 143.5 +1.5 143.5/141.5 173.5 122.5 6 4240.9 CapitaLand 322 cd +6 322/317 379 267 12.9 2.8 *****.1 CapitaMall Trust 213 cd -3 217/211
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    • 37 8 VOLUME Magnus Energy 79,042,100 HPH Trust USD 73,256,400 Noble 67,289,800 Ezra 50,124,900 IEV 45,583,300 Market volume 1,593,582,000 VALUE Singtel 121,607,724 DBS Grp 71,379,734 OCBC Bank 66,429,804 UOB 57,790,309 HPH Trust USD 45,693,020 Market value 1,229,926,000
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    • 77 8 Apr 19 VALUE CLOSE BT OB/OS 313.00 +230.00 BT CADI -*****.00 +119.00 BT 10-day MA -*****.00 +31.00 FTSE ST Mid Cap 700.94 +6.22 FTSE ST Small Cap 402.01 +2.34 FTSE ST All Share 718.05 +6.49 FTSE ST China Top 168.23 -0.19 FTSE ST China 199.89 +0.44 FTSE
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    • 35 8 STI FTSE ST All-Share FTSE ST All-Share Index April 19,2016 718.05 +6.49 (+0.91%) Current streak 1 day Day high 718.20 Day low 713.64 52-week high 845.70 (Apr 27, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • 33 8 STI MSCI EAFE MSCI EAFE index April 18,2016 1,676.85 -5.26 (-0.31%) Current streak 2 days Day high 1,682.53 Day low 1,655.03 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 9 4 2 1 0 0 10 4 2 Manufacturing 45 29 37 8 8 12 53 37 49 Commerce 17 13 13 6 3 5 23 16 18 Tpt/Stor/Comms 20 10 3
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    • 121 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 28,880 4,564 33,444 89,851 1,044 90,895 Manufacturing 139,023 64,954 203,977 109,755 1,846 111,601 Commerce 130,116 14,997 145,113 99,952 686 100,639 Tpt/Stor/Comms 216,712 249 216,961 251,318 21 251,339 Finance 18,833 58 18,891 209,825 8 209,833 Construction
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    • BROKERS’ TAKE
      • 271 8 April 19 close: US$0.465 Target price: US$0.39 JP Morgan, April 19 Hutchison Port Holdings Trust (HPHT) announced Q1 FY2016 adjusted net profit after tax of HK$210 million (-26 per cent year-on-year) after excluding one-offs, which includes a one-off, after-tax, cash refund of HK$357 million (S$61.6
        271 words
      • 217 8  -  Compiled by Kenneth Lim April 19 close: S$11.50 Target price: S$13.30 DBS Group Research, April 19 We continue to like Singapore Airlines (SIA) as a beneficiary of the current low oil price environment. Furthermore, SIA has the potential to pay more dividends as earnings recover and also
        217 words
    • 110 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 296 +4 770 296/293 354/254 295/296 DBXT MSBrazil US$ US306 -14 233 314/305 399/190 306/307 IS MS INDIA US$ US685 +8 163 686/682 800/575 685/688 85.6 Nikko AM STI ETF 300 +3 60 300/299
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    • 407 9 CURRENCIES REUTERS London COMMODITY currencies such as the Australian and New Zealand dollars soared to 10-month highs against the US dollar, drawing support from oil prices which stabilised from a slide and underpinned broad risk sentiment in global markets. The Australian dollar rose to US$0.7803,
      REUTERS  -  407 words
    • FOREX RATES
      • Article, Illustration
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      • 471 9 Apr 19 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.994 5.041 0.688 6.040 51.735 102.339 0.850 8.830 3.025 1.109 81.562 35.895 1.047 11.198 0.750 25.060 27.178 0.544 0.779 Canada 1.006 5.073
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      • Article, Illustration
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      • 155 9 Apr 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0464 1.0472 0.7785 0.7790 Canadian dollar 1.0532 1.0537 0.7838 0.7836 Euro 1.5219 1.5224 1.1323 1.1325 NZ dollar 0.9436 0.9438 0.7020 0.7021 Sterling pound 1.9223 1.9233 1.4302 1.4307
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      • 22 9 Apr 19 S$ Bid Offer 1-month 1.3444 1.3450 2-months 1.3451 1.3455 3-months 1.3456 1.3460 6-months 1.3471 1.3479 Source: OCBC
        22 words
    • EQUITY BONDS WARRANTS FUTURES
      • 206 9 Most active Apr 19 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****5 6.5 1.1 5849 0.1 1600 3 STI 2850 MB ePW*****0 4.9 -0.9 5360 0.0 2 Rowsley Ltd W*****3 0.8 unch 5122 1 18 6
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      • 377 9 In local curr In S$ In US$ dy yr dy yr dy yr Apr 18 Index Change Change Change Change Change Change World Preliminary 1262.5 0.0 -1.2 -0.2 -4.1 0.1 0.6 EAFE Preliminary 950.3 -0.6 -6.2 -0.7 -6.8 -0.3 -2.3 Europe Preliminary 1362.6 0.3 -3.5
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      • 390 9 Apr 19 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Apr16 9640.00 9735.00 9617.50 9675.00 *****5 *****4 May16 9607.50 9690.00 9582.50 9635.00 ***** ***** NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 ***** *****5 Sep16 *****.00 *****.00 *****.00 *****.00 6 678 MSCI TAIWAN
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    • BANK RATES
      • 154 9 Apr 19 $S Offer Bid 0vernight 0.20 0.10 1-month 0.6875 0.5625 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: 0.43 US$ 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 9 Apr 19 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.16 99.20 99.15 5-Year NX*****X 2.250 01-Jun-21 103.37 103.48 103.40 10-Year NX*****Z 2.375 01-Jun-25 103.87 104.14 103.95 15-Year NZ*****F 2.875 01-Sep-30 107.33 20-Year NZ*****V 3.375 01-Sep-33 114.51 30-Year NA*****H
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    • AGRI METALS ENERGY
      • 250 9 Apr-18 Price Net change change Last Trade Agricultural Apr-18 CBOT Soybeans (US cents/bu) 954.25 -1.75 -0.18% 13/05/2016 CBOT Soybean Oil (US cents/lb) 33.95 0.57 1.71% 13/05/2016 CBOT Wheat (US cents/bu) 472.75 13.00 2.83% 13/05/2016 Apr-18 LIFFE Cocoa (£/tonne) 2212.00 28.00 1.28% 13/05/2016 LIFFE Coffee (US$/tonne) 1530.00 5.00 0.33%
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    • 1946 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale vol ('000) High 153 127 AIMSAMP Cap Reit 135.5 -0.5 431 136 135 1 8.2 860.9 LOW 175.5 101 ARA Asset Mgmt 127cd +9 820 129 118
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    • 323 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale vol ('000) High Day Low Div C'vr GrYld 19.9 8.3 t Anchor Resources 10 +0.5 7603 10.7 9.5 28 Net P/E MCap 25.5 8.8 t 3Cnergy 9.5 29.5
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    • 115 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 4258 2355 DBXT China50 US$ US2888 +55 7 2899 2878 7.9 High 399 190 DBXT MSBrazil US$ US306 -14 233 314 305 1750 995 DBXT MSCHINA US$
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  • 1342 11 SMU Associate Professor Archan Misra is leading mobile analytics projects that will reshape urban living and provide improved understanding of our behaviour in the physical world A Special Feature Brought to You By Singapore Management University WALK around Singapore Management University (SMU) with your Wi-Fi
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  • REAL ESTATE
    • 390 12 McGrath expects pre-tax earnings of A$26-27 million for the year to June 30, down a sixth from Nov forecast REUTERS Sydney AUSTRALIA’S No 3 residential real estate agent McGrath Ltd blamed fewer than expected home listings for a profit downgrade on Monday,
      REUTERS  -  390 words
    • 327 12 REUTERS Dubai DUBAI residential property prices fell 10 per cent in the first three months of the year because of a strong dollar and as buyers had less cash to spend following the oil price slump, industry consultants JLL said in a
      REUTERS; PHOTO: REUTERS  -  327 words
    • 331 12 BLOOMBERG Ottawa THE number of Canadians with an upbeat view of the housing market has increased to the highest in 18 months, weekly polling shows. The share of respondents who believe local housing prices will rise in the next six months increased
      BLOOMBERG  -  331 words
    • 234 12 BLOOMBERG London DEMAND for London homes under construction slumped by 33 per cent in the first quarter as a new tax on overseas buyers and high values damped demand. The number of homes sold prior to completion in the UK capital fell to 5,947
      BLOOMBERG  -  234 words
    • 778 13 Prices for new homes in country’s biggest cities are rising sharply, led by southern boomtown of Shenzhen NYT Hong Kong CHINA’S slowdown, which has cast a shadow over the global economy and worried investors around the world, stems in part from a deep
      NYT; PHOTO: BLOOMBERG  -  778 words
    • 1149 13  -  By Justin Fox BLOOMBERG New York THE US has two big housing affordability problems. They’re related and solving the first would go some way towards solving the second. But they’re not the same, and it’s important to understand that. The
      BLOOMBERG  -  1,149 words
    • 838 13 No Wi-Fi, unknown location but tiny house vacation is a hit BLOOMBERG New York A YEAR ago, two former Harvard classmates built three 160 sq ft houses, hauled them to rural locations outside Boston, and made them available for nightly stays with an odd proviso: Guests would plunk down US$99
      BLOOMBERG  -  838 words
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  • BANKING & FINANCE
    • 869 14 Region has benefited from the US Federal Reserve’s go-slow approach to raising interest rates, a stabilisation of China’s economy and a recovery in commodity prices BLOOMBERG Kuala Lumpur A MILITARY regime delaying elections, haircuts for foreign investors using local courts and a prime
      BLOOMBERG  -  869 words
    • 728 14 REUTERS New York HAVING searched high and low for revenue growth with little success, Morgan Stanley is taking a hatchet to costs. The bank cut total expenses by 14 per cent last quarter, results released on Monday showed. This followed
      REUTERS; PHOTO: REUTERS  -  728 words
    • 338 14 REUTERS New York VOLATILE financial markets took a bite out of earnings at big US banks during the first quarter not just in trading but wealth management, too. On Monday, Morgan Stanley joined Wells Fargo Co and Bank of America
      REUTERS  -  338 words
    • 210 14 Singapore CITIBANK has opened its 11th smart banking branch in Singapore. It’s located at the Waterway Point shopping mall in Punggol. The 1,800 sq ft branch leverages technology which strives to provide an enhanced banking experience for the residents in Punggol. “Citibank’s newest
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  • ENERGY & COMMODITIES
    • 855 16 US criticism of China’s approach draws angry response from Beijing REUTERS Brussels CHINA and other major steelproducing countries failed to agree on measures to tackle a global steel crisis as the sides argued over the causes of overcapacity, prompting US criticism of Beijing’s
      REUTERS; PHOTO: REUTERS  -  855 words
    • 562 16 PHOTO: BLOOMBERG Singapore GOLD, one of this year’s best performing assets, has room to extend its advance, according to top-ranked forecasters, even as the rebound shows signs of losing steam. Capital Economics Ltd and Cantor Fitzgerald LP are
      BLOOMBERG  -  562 words
    • 322 16 REUTERS Singapore THE world’s top gold consumer China launched a yuan-denominated gold benchmark on Tuesday, as the country took an ambitious step to exert more control over the pricing of the metal and boost its influence in
      REUTERS  -  322 words
    • 514 16 REUTERS New York LATIN American crude producers under financial strain may help provide a vehicle for market rebalancing that Organization of the Petroleum Exporting Countries (Opec) members and other oil states failed to deliver at a meeting in Doha on Sunday. Iran’s refusal
      REUTERS  -  514 words
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  • TECHNOLOGY
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    • 81 17 v c ASIA 2 0 16 29 JUNE -1 JULY Level 1, Hall A, Sands Expo Convention Centre Marina Bay Sands, Singapore ti BUSINESS OFFICE WORKFORCE SOLUTIONS TECHNOLOGY DEVELOPMENT AUTOMATION SEMINARS BY INDUSTRY EXPERTS AND PRODUCT DEMOS Free'admission, register now! www.OfficExpoAsia.com/reg2 TRADE BUYERS ONLY! Organised By BIZLINK INTERESTEDTO EXHIBIT? Tel:
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    • 52 17 nj 1 4 i Vocational Training Consultancy Services Food Beverages Culinary Arts Retail Management Academic Programme Digital Technology Hotel Management Hospitality Travel Management Language Point of Sales System Software Solutions for MSEs (Micro Small Enterprises) Enterprise Resource Planning) TO EXHIBIT: S* +65 6319 4021 or mtde@sph.com.sg Organised by (sphere SINGAPORE
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    • 407 17 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PIPE RACK HOLDING COMPANY PRIVATE LIMITED (In Members’ Voluntary Liquidation) Reg No. *****7153W NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 1 Marina Boulevard #28-00 One
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    • 365 17 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 APPERSON PTE. LTD. (Singapore Co. Reg. No. *****0768G) (In Creditors’ Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, a Final Meeting of the creditors and the members of
      365 words

  • CONSUMER

  • GOVERNMENT & ECONOMY
    • 614 19 Analysts say the process will be long, central bank needs to become more effective in signalling, and the markets require more tools and products REUTERS Jakarta INDONESIA’S central bank has taken a first step to fix the country’s dysfunctional and often volatile short-term money markets
      REUTERS  -  614 words
    • 572 19  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA’S automotive makers are banking on a car fest next month the sector’s first to tempt motorists as consumer spending softens. The three-day “My Auto Fest”, promising generous offers and discounts, comes just
      572 words
    • 243 19 REUTERS Kuala Lumpur FORMER Malaysian premier Mahathir Mohamad, calling for Prime Minister Najib Razak to resign over the 1MDB state fund scandal, has applied for a court order to freeze Mr Najib’s assets, Dr Mahathir’s lawyers said on Tuesday. The
      REUTERS  -  243 words
    • 442 19 BLOOMBERG REUTERS Canberra AUSTRALIAN Prime Minister Malcolm Turnbull said he intends to hold an election on July 2 after the Senate blocked legislation aimed at curbing trade union powers. Rejection of the legislation to bring back a building industry watchdog
      BLOOMBERG; REUTERS; PHOTO: AFP  -  442 words
    • 541 19  -  By Anthony Rowley btworld@sph.com.sg Tokyo Tokyo PRESS independence in Japan “is facing serious threats”, a senior United Nations (UN) official said in Tokyo on Tuesday. David Kaye, the UN special rapporteur on the right to freedom of opinion and expression,
      541 words
    • 478 19 AFP BLOOMBERG Frankfurt EUROPE’S battered financial sector is showing further signs of mending and banks are increasingly competing for customers by easing credit standards, a key European Central Bank (ECB) survey showed on Tuesday. The ECB said its quarterly bank
      AFP; BLOOMBERG  -  478 words

  • TRANSPORT
    • 856 20  -  Wind power can make a small, but significant, contribution to shrinking shipping’s carbon footprint STRAIT TALK BY DAVID HUGHES TALKS crucial to the future of the shipping industry are underway this week at the International Maritime Organization (IMO) in London. IMO’s marine environment protection
      856 words
    • 582 20  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore GROUNDHANDLER dnata Singapore sees a tough year ahead, with margins continuing to come under siege from high operational costs and stiff competition. To combat this, the Dubai-based airport services provider is working to
      582 words
    • 853 20 BLOOMBERG Milan FERRARI NV’s ambition to compete with luxury-goods brands like Hermes or Prada has failed to make headway in the six months since its initial public offering, raising pressure on the new board to reset the sports-car maker’s strategy.
      BLOOMBERG; PHOTO: BLOOMBERG  -  853 words
    • 461 20 BLOOMBERG Singapore BILLIONAIRE Li Ka-Shing’s Hutchison Port Holdings Trust predicts more mega ships will call at its Shenzhen port to move cargo from the key Chinese export manufacturing region. Its Shenzhen facility, in Yantian, opened a new berth this year
      BLOOMBERG  -  461 words

  • Page 21 Advertisements
    • 1149 21 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 GLOVIS PRESTIGE 3 120 30/4 1/5 MALAYSIA STAR 58 50 8/5 9/5 13/5
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    • 373 21 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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    • 481 21 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 JKT SIN TARAGO FF617 15/04 19/04 21/04 23/04 27/04 03/05 05/05 TIJUCA FF619 05/05 09/05 11/05 13/05 18/05 24/05 TAMERLANE FF620 14/05 18/05
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    • 245 21 ENG LEE SHIPPING CO PTE LTD Tel: *****222 (10 Lines) Fax: *****174/*****960 Website: www.englee.com.sg/Email: marketing@englee.com.sg CR No: **********0C REGULAR FEEDER SERVICES TO INDONESIAN (DE1) VESSEL VOY SIN ETA SIN ETD DESTINATION FREQUENCY Marco Polo 118 PRW282 21/04/2016 22/04/2016 Perawang/Perawang DAILY Marco Polo 152 BST016 21/04/2016 22/04/2016 Buatan/Buatan DAILY Marco Polo
      245 words



  • LIFE & CULTURE
    • 331 24  -  This year, past beneficiaries of the charity concert’s proceeds will share their story By Helmi Yusof helmi@sph.com.sg @HelmiBT Singapore THE ChildAid charity concert returns this November at Resorts World Sentosa, this time with the theme Living Dreams. Organisers The Business Times and The Straits
      PHOTO: DESMOND LUI  -  331 words
    • 487 24 BLOOMBERG Kumamoto TOURIST groups from China, South Korea, and Taiwan, the three biggest sources of visitors to Japan, have scrapped trips to the quake-devastat-ed Kyushu region and travel agencies are anticipating further cancellations. The blow to tourism coincided with
      BLOOMBERG; PHOTO: AFP  -  487 words
    • 355 24 REUTERS Shanghai THE founder of China’s Tencent Holdings Ltd, Pony Ma, said that he plans to donate 100 million company shares, worth more than US$2 billion, to the firm’s charity foundation in one of China’s biggest philanthropic pledges ever.
      REUTERS  -  355 words
    • 612 24 AFP Panpet, Myanmar WEARING a stack of bronze neck coils a sign of beauty for her Kayan tribe Mu Par dreams of a time when all “long-necked” women can return to Myanmar from Thailand where they are a tourist attraction. For years, Kayan
      AFP  -  612 words
    • 493 24 AFP Paris AS Europe and the US brace for the likely arrival of the Zika virus from Latin America this summer, experts warn global warming may accelerate the spread of mosqui-to-borne disease. Rising temperatures are a threat in more ways than one,
      AFP; PHOTO: AFP  -  493 words
  • Page 24 Miscellaneous
    • 327 24 CRYPTIC CROSSWORD Across 1 Girl and boy will get cured (6) 4 A sign of wrong and right, we hear, in a puzzle (8) 9 Keep watch on this chap (6) 10 Bitter sweet (4,4) 12 Cunning, in the main (4) 13 Pounds should come in handy acquiring Dutch pottery
      327 words

  • EXECUTIVE MONEY
    • 1497 25 Almost 500 million people now live in countries where interest rates measure less than zero BLOOMBERG London JAPANESE families seem to have a sudden affinity for home safes. According to the Tokyo-based manufacturer Eiko, shipments have doubled since last fall.
      BLOOMBERG  -  1,497 words
    • 649 26  -  For investors, the real story is not so much in the aggregate valuations but in the very considerable valuation differences across regions, countries and sectors. BY DANIEL MORRIS T The writer is senior investment strategist, BNP Paribas investment Partners WITH the 20 per cent gain
      Source: IBS, BNP Paribas Investment Partners  -  649 words
    • 410 26  -  By Genevieve Cua gen@sph.com.sg @GenCuaBT Singapore GLOBAL central bank policy remains “extremely accommodative’’ which is typically positive for stocks, says Thomas Nelson, Franklin Templeton Investments director of investment solutions. But global corporate profit margins are starting to slide. Amid slow and
      410 words
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      428 words

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