The Business Times, 21 April 2016

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Microfilm: NL33830
Total Pages: 28
1 28 The Business Times
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  • Title Section
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    22 1 THE BUSINESS TIMES S$1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes CO REGN NO *****2868E MCI (P) 039/08/2015 Thursday, April 21, 2016
    22 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    220 1 Bukit Batok residents will get to choose their member of parliament on May 7, after having been without one for the last six weeks. TOP STORIES 2 More workers were laid off last year and they took longer to find new jobs, says the Ministry of Manpower. TOP
    220 words
  • Article
    Lock icon MARKETS
    26 1 Wednesday Change STI 2,949.95 -1.86 KL Comp 1,708.91 -2.24 Nikkei 225 16,906.54 +32.10 Hang Seng 21,236.31 -199.90 Shenzhen B 1,119.01 -17.37 Dow(11.45am EDT) 18,108.08 +54.48
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  • Article
    Lock icon Architects also hurting from real estate woes
    1159 1  -  Some firms are sounding a sombre note on the job situation; many are looking to diversify their services By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore THE real estate downturn has filtered down to architecture and engineering services firms, which were hit by surging redundancies
    1,159 words
  • Article, Illustration
    Lock icon Savings Bonds draw diverse but small investor pool: MAS data
    821 1  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore HALF a year after the first Singapore Savings Bonds were offered, the investment instrument has reached a diverse but still tiny pool of investors, according to data released by the Monetary Authority of Singapore
    Source: Monetary Authority of Singapore  -  821 words
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      Lock icon Page 1 Advertisements Column 1
      55 1 *****1 *****1 TI1E BUSINESS TIMES Jaeger-leCoultre Boutique 2 Orchard Turn, ION Orchard, #02-08, Singapore 2 Bayfront Avc,The Shoppes at Marina Bay Sands, #B2M-240, Singapore Grande Reverso Night Day watch Eduardo Novillo Astrada, polo Champion, Winner of the Argentine Triple Crown. II 12 I Azr. ,3a 7 A 5 JL tjAEGER-LECoULTRIg.
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      26 1 REPORTS OF MISCONDUCT Mitsubishi Motors admits manipulating fuel-efficiency tests TRANSPORT 24 HOCK LOCK SIEW Are class actions good for investors and S’pore markets? COMPANIES MARKETS 8
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      Lock icon Page 1 Advertisements Column 3
      11 1 SINGAPORE HOUSING MARKET Makeshift patching will not fix defects OPINION 27
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  • TOP STORIES
    • Article
      Lock icon Bukit Batok set to vote on May 7
      885 2  -  Nomination Day is April 27; contest likely to be straight fight between PAP’s Murali Pillai and SDP’s Chee Soon Juan BUKIT BATOK BY-ELECTION By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE residents of Bukit Batok have been without their own member of parliament
      885 words
    • Article, Illustration
      Lock icon Showdown at Bukit Batok
      82 2 BT Infographics Singapore Democratic Party People’s Action Party Chee Soon Juan Age: 53 Occupation: Secretary-General, SDP Last election: Part of the four-member SDP team that lost to the PAP in Holland-Bukit Timah GRC at the 2015 General Election Murali Pillai Age: 48 Occupation: Head of Commercial
      Compiled by BT; BT Graphics: Dania Amiril  -  82 words
    • Article, Illustration
      Lock icon After New York wins, Trump and Clinton claim to be party’s clear choice
      737 2 REUTERS New York REPUBLICAN Donald Trump and Democrat Hillary Clinton scored sweeping victories in nominating contests in their home state of New York, and immediately cited those wins to argue that they are all but unstoppable as
      REUTERS; PHOTOS: REUTERS, AFP  -  737 words
    • Article
      Lock icon Jurong Island oil tank fire extinguished after 5-hour battle
      292 4 The Straits Times Singapore AN oil tank fire which broke out at 23 Tembusu Road on Jurong Island at about 3pm on Wednesday was put out after a five-hour operation. The Singapore Civil Defence Force (SCDF) said in a Facebook post
      The Straits Times  -  292 words
    • Article
      Lock icon More workers axed in 2015 – and they took longer to get re-hired
      512 4  - More workers axed in 2015 and they took longer to get re-hired Manpower ministry data shows that those aged above 50 and non-PMETs found it harder to land another job JOBS AT RISK By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore MORE workers were laid off last year and they took
      512 words
    • Article
      Lock icon Intel to cut 12,000 jobs globally as PC industry buckles
      471 4 REUTERS San Francisco INTEL Corp said on Tuesday it would cut 12,000 jobs globally, or 11 per cent of its workforce, as it refocuses its business towards making microchips that power data centres and In-ternet-connected devices and away from the
      REUTERS  -  471 words
    • Article, Illustration
      Lock icon NTUC Income launches third-party insurance for personal mobility devices
      286 4  -  By Tan Effie taneffie@sph.com.sg Singapore NTUC Income has launched its first insurance plan aimed at users of personal mobility devices and bicycles. Named Personal Mobility Guard, this insurance plan is the first of its kind in Singapore as it extends insurance
      286 words
    • Article
      Lock icon Singdollar rallies, interest rates fall on US$ weakness
      777 4  -  Analysts attribute its surprising strength to weak US economic data, say gains may not last By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE Singapore dollar has risen some 1.5 per cent in less than a week to S$1.34 on Wednesday, more than
      777 words
    • Article
      Lock icon Friction with MAS owner seen as a reason behind CEO’s exit
      681 4  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur GIVEN Malaysia Airline’s difficult past few years, it’s no surprise that most Malaysians were phlegmatic about Christoph Mueller’s decision to leave the floundering national carrier slightly a year into a three-year contract but
      681 words
    • Article
      Lock icon COE premiums for passenger cars go up
      446 6  -  Many dealers had thought Cat A, B and E premiums would soften, given that next COE quota will be larger By Samuel Ee samuelee@sph.com.sg Singapore THE final certificate of entitlement (COE) bidding exercise before next month’s new and bigger quota produced unexpected increases
      446 words
    • Article, Illustration
      Lock icon SMRT, Dutch firm to showcase automated vehicle in Singapore
      479 6  -  By Samuel Ee samuelee@sph.com.sg Singapore SMRT will showcase an automated vehicle system in Singapore by year-end in partnership with its Dutch developer. SMRT Services, a division of the rail operator, on Wednesday announced a joint venture to market, supply and operate
      479 words
    • Article, Illustration
      Lock icon More action needed to tackle cybersecurity threat in maritime
      456 6  -  Threat will come with progress in the Information Age, says SSA president SINGAPORE MARITIME WEEK By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore WITH digital technologies proliferating in both shipping and port operations, industry players argued for more to be done to
      456 words
    • Article
      Lock icon United Airlines sees interest for non-stop service to San Francisco
      592 6  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT @Nisha_BT Singapore THERE is keen interest in United Airlines’ direct service between Singapore and San Francisco, which is being launched from June 3 this year. This will make United the only carrier to offer a
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      1947 5 ft ERENNIAL PERENNIAL REAL ESTATE HOLDINGS LIMITED C [»0@St3GGD ln)@@|pum] @QQSli]§@!Q@(St (Ita olwfisTo DrsMfoTo iWllk o oimoranio DB 010 U u err. i m H*f n -Wrafi a: I •T oiir*—*” L/ HZ J sSfcS Ssi -e £7 FIXED RETURNS 4-YEAR BONDS 4.55% p.a ifpfji ,nf» r>"» v-" i I
      1,947 words
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      113 6 Accreditation a f m College of Business CITY UNIVERSITY OF HONG KONG EQUIS k 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... C Rigorous
      113 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Manulife’s Reit IPO in Singapore back on track
      736 7  -  It is said to have begun pre-marketing for a targeted May 20 listing for the US office Reit and possibly raising a higher amount of US$500m By Lynette Khoo Lee Meixian lynkhoo@sph.com.sg @LynetteKhooBT leemx@sph.com.sg @LeeMeixianBT Singapore CANADIAN financial services group Manulife has
      736 words
    • Article
      Lock icon Divestment-related gain buoys CapitaLand Q1 earnings
      853 7  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore SINGAPORE developer CapitaLand posted a 35.4 per cent increase in profit after tax and minority interests (Patmi) to S$218.3 million for the first quarter ended March 31, 2016, buoyed by a divestment-related gain. Of the S$218.3 million, 70
      853 words
    • Article
      Lock icon Are class actions good for investors and Singapore markets?
      1148 8  -  HOCK LOCK SIEW BY MICHELLE QUAH michquah@sph.com.sg @MichelleQuahBT INVESTOR lobby group Securities Investors Association (Singapore), or SIAS, announced this week that it will not hesitate to take errant companies to court representing minority investors in class-action suits more commonly seen in
      1,148 words
    • Article
      Lock icon STI dividend yield best in Asia: SGX report
      417 8  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore AS valuations in the local stock market remain beaten down, dividend yields here are starting to look relatively more appealing. The Straits Times Index (STI) currently boasts Asia’s highest dividend yield across 10 major stock indices
      417 words
    • Article
      Lock icon SGX Q3 profit inches up to S$89.2m; revenue up 3%
      535 9  -  Derivatives volumes up 24% but related revenue up just 3.2% as competition hits margins of some products By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE Exchange (SGX) posted a slight increase in net profit during its third fiscal quarter as higher
      535 words
    • Article
      Lock icon China Star Food ends 26% above placement price
      373 9  -  HOT STOCK By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore CHINA Star Food, which started its Catalist trading on Wednesday following a reverse takeover and a compliance placement to lift its public float, ended 26 per cent above the placement price of 23 Singapore
      373 words
    • Article
      Lock icon Sembcorp and NUS set up corporate lab
      460 9  -  By Grace So graceso@sph.com.sg Singapore SEMBCORP Industries has tied up with the National University of Singapore (NUS) to establish a corporate laboratory that will develop new, competitive and sustainable solutions in the areas of energy, water and waste-to-resource. The corporate lab, set up
      460 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 10 STI Catalist Straits Times Index April 20,2016 2,949.95 -1.86 (-0.06%) Current streak 1 day Day high 2,959.59 Day low 2,929.71 52-week high 3,515.85 (Apr 27, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index April 20,2016 452.47 -0.18 (-0.04%) Current streak 1 day Day high 454.22 Day low
      63 words
    • Article
      Lock icon GAINERS
      75 10 BY CENTS CLOSE UP 52w high/low DBXT E50 US$ 4609 197.1 3.3 5300/3968 DBXT ASX200 US$ 3420 194.4 4.4 3898/2900 Jardine C&C 4475 97.0 2.2 4520/2636 GLD US$ ***** 92.5 0.6 *****/***** Lyxor Nasdaq US$ 1810 40.2 1.7 1865/1557 BY PERCENTAGE CLOSE UP 52w high/low Full Apex 3 100.0
      75 words
    • Article
      Lock icon LOSERS
      76 10 BY CENTS CLOSE DOWN 52w high/low DBS Bk 4.7% NCPS ***** -115.0 -1.1 *****/***** DBXT China50 US$ 2829 -79.1 -2.0 4258/2355 JMH USD 5808 -55.0 -0.7 6272/4500 DBXT MSTaiwan US$ 1965 -38.9 -1.5 2392/1667 Lyxor ChinaH US$ 1254 -33.5 -2.0 2055/999 BY PERCENTAGE CLOSE DOWN 52w high/low Infinio 0.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      80 10 VOL CLOSE($) CHANGE VGO 61.0 0.073 +0.019 +35.19 Logistics 4.0 0.250 -0.045 -15.25 China Intl 100.0 0.250 +0.020 +8.70 Boardroom 3,569.737 0.630 +0.030 +5.00 CNMC Goldmine 7,274.1 0.260 +0.040 +18.18 Rotary Engg 3,164.3 0.425 +0.040 +10.39 Magnus Energy 103,300.3 0.004 +0.001 +33.33 ChinaKundaTech 300.0 0.022 +0.005 +29.41 HLH
      80 words
    • Article, Illustration
      Lock icon Oil price fall checks STI’s rising streak
      614 10  -  Index fails to move closer to psychological 3,000-point level after having reached a five-month high the previous day STOCKS By Melissa Tan melissat@sph.com.sg @MelissaTanBT ANOTHER bucket of crude oil gloom rained on local equities on Wednesday, putting a temporary stop to what had
      Source: Bloomberg  -  614 words
    • Article
      Lock icon STI STOCKS
      319 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 250 -2 252/249 271 209 5.8 6571.1 CapitaCom Trust 144.5 +1 144.5/142 173.5 122.5 6 4270.4 CapitaLand 317 cd -5 324/317 379 267 12.7 2.8 *****.4 CapitaMall Trust 212 cd -1 216/212
      319 words
    • Article
      Lock icon MOST ACTIVE
      34 10 VOLUME Magnus Energy 103,300,300 Spackman 81,098,600 Noble 40,625,100 Ezra 39,939,100 Singtel 31,594,400 Market volume 1,476,069,000 VALUE Singtel 124,737,921 DBS Grp 65,858,075 OCBC Bank 59,290,202 UOB 53,659,779 Keppel Corp 46,759,839 Market value 1,075,149,000
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    • Article
      Lock icon SGX ETFS Most Active
      106 10 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 295 -1 417 296/293 354/254 295/296 DBXT MSBrazil US$ US311 +5 157 313/310 399/190 312/313 IS MS INDIA US$ US681 -4 82 685/679 780/575 681/682 85.1 DBXT MSRussia US$ US200 +9 48 200/197 235/129
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Apr 20 VALUE CLOSE BT OB/OS 181.00 -132.00 BT CADI -*****.00 -72.00 BT 10-day MA -*****.00 +18.00 FTSE ST Mid Cap 700.22 -0.72 FTSE ST Small Cap 400.38 -1.63 FTSE ST All Share 716.61 -1.44 FTSE ST China Top 167.88 -0.35 FTSE ST China 199.04 -0.85 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 10 STI FTSE ST All-Share ftse ST All-Share index April 20,2016 716.61 -1.44 (-0.20%) Current streak 1 day Day high 719.12 Day low 713.33 52-week high 845.70 (Apr 27, 2015) 52-week low 625.37 (Jan 21, 2016)
      35 words
    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 10 STI MSCI EAFE MSCI EAFE index April 19,2016 1,712.19 +35.34 (+2.11%) Current streak 1 day Day high 1,713.72 Day low 1,676.82 52-week high 1,949.49 (May 15, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 6 1 0 0 1 7 6 2 Manufacturing 33 45 31 5 10 12 38 55 43 Commerce 16 19 14 1 6 4 17 25 18 Tpt/Stor/Comms 11 18 6
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 26,440 1,003 27,443 83,924 226 84,150 Manufacturing 138,803 55,671 194,474 111,426 7,497 118,923 Commerce 89,075 13,849 102,924 91,910 597 92,506 Tpt/Stor/Comms 126,722 1,240 127,962 207,960 107 208,067 Finance 17,589 168 17,757 201,748 22 201,770 Construction
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    • BROKERS’ TAKE
      • Article
        Lock icon AIMS AMP Capital Industrial Reit Buy
        309 10 April 20 close: S$1.35 Target price: S$1.49 Maybank Kim Eng Research, April 20 Factoring in the downtime and new property post redevelopment, as well as expected refinancing savings in August 2016, FY17/FY18 distribution per unit (DPU) is revised from 11.1/11.5 to 11.0/11.6 Singapore cents.
        309 words
      • Article
        Lock icon DBS Group Holdings Buy
        140 10  -  Compiled by Kenneth Lim April 20 close: S$15.91 Target price: S$19.25 UOB Kay Hian, April 20 We expect DBS to record Q1 2016 net profit of S$1.003 billion despite the tough operating environment. The bank should benefit from year-on-year net interest margin expansion and maiden contribution
        140 words
    • Article
      Lock icon CALENDAR
      8 10 DATA IApril 21 US Initial Jobless Claims
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    • Article
      Lock icon Commodity currencies get a boost from equities
      389 11 CURRENCIES REUTERS London COMMODITY-linked currencies such as the Australian and Canadian dollars inched towards recent peaks on Wednesday as stock markets in Europe rose, boosting appetite for riskier assets and currencies. European stock markets bounced after starting the day in the red and
      REUTERS  -  389 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 11
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Apr 20 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.990 5.043 0.686 6.048 51.614 102.515 0.849 8.831 3.023 1.112 81.658 36.049 1.046 11.128 0.750 25.121 27.223 0.542 0.780 Canada 1.010 5.092
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Apr 20 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0450 1.0463 0.7795 0.7799 Canadian dollar 1.0554 1.0565 0.7875 0.7873 Euro 1.5231 1.5247 1.1361 1.1365 NZ dollar 0.9396 0.9410 0.7009 0.7014 Sterling pound 1.9267 1.9287 1.4372 1.4376
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Apr 20 S$ Bid Offer 1-month 1.3414 1.3426 2-months 1.3420 1.3432 3-months 1.3425 1.3438 6-months 1.3443 1.3455 Source: OCBC
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 11
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        Lock icon DOW JONES
        2 11
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        Lock icon NIKKEI
        1 11
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        210 11 Most active Apr 20 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left China Star Food Group W*****7 3.2 ***** 1 33 25 9.06 24 DBS MB eCW*****5 6.7 0.2 7384 0.1 1600 3 OCBC Bk MB eCW*****3 8.4 -0.2
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 11 In local curr In S$ In US$ dy yr dy yr dy yr Apr 19 Index Change Change Change Change Change Change World Preliminary 1275.1 0.9 -0.2 -0.2 -4.1 1.0 1.8 EAFE Preliminary 967.3 1.8 -4.5 0.8 -6.0 2.1 -0.2 Europe Preliminary 1381.2 1.4 -2.2
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        390 11 Apr 20 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Apr16 9675.00 9730.00 9355.00 9520.00 *****7 *****4 May16 9640.00 9685.00 9322.50 9487.50 ***** ***** NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 ***** *****2 Sep16 *****.00 *****.00 *****.00 *****.00 49 702 MSCI TAIWAN
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 Apr 20 $S Offer Bid 0vernight 0.35 0.25 1-month 0.6875 0.5625 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: 0.40 US$ 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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      • Article
        Lock icon GOVERNMENT SECURITIES
        65 11 Apr 20 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.11 99.16 99.12 5-Year NX*****X 2.250 01-Jun-21 103.27 103.54 103.30 10-Year NX*****Z 2.375 01-Jun-25 103.83 104.20 104.00 15-Year NZ*****F 2.875 01-Sep-30 107.32 107.90 107.50 20-Year NZ*****V 3.375 01-Sep-33 114.55
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 11 Apr-19 Price Net change change Last Trade Agricultural Apr-19 CBOT Soybeans (US cents/bu) 985.50 31.25 3.27% 13/05/2016 CBOT Soybean Oil (US cents/lb) 34.78 0.83 2.44% 13/05/2016 CBOT Wheat (US cents/bu) 486.25 13.50 2.86% 13/05/2016 Apr-19 LIFFE Cocoa (£/tonne) 2221.00 9.00 0.41% 13/05/2016 LIFFE Coffee (US$/tonne) 1535.00 5.00 0.33%
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    • Article
      Lock icon SGX MAINBOARD
      1750 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High 153 127 AIMSAMP Cap Reit 135 -0.5 116 136 135 1 8.2 857.7 LOW 175.5 101 ARA Asset Mgmt 125cd -2 430 127.5 124
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    • Article
      Lock icon SGX CATALIST
      352 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale vol ('000) High Day Low Div 16.3 4.5 t Alliance Mineral 6.7 unch 7355 6.8 6.5 26.4 GrYld 19.9 8.3 t Anchor Resources 10.1 +0.1 3045 10.4 9.7
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    • Article
      Lock icon SGX ETF
      116 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 4258 2355 DBXT China50 US$ US2829 -59 6 2910 2829 7.8 399 190 DBXT MSBrazil US$ US311 +5 157 313 310 1750 995 DBXT MSCHINA US$ US1198
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      Lock icon Page 7 Advertisements Column 1
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      Lock icon Page 7 Advertisements Column 2
      248 7 Graduate Certificate In Applied Portfolio Management (g-CAPM) Programme Dates: 30 May-5 June 2016 The CAMRI Applied Portfolio Management Programme is a 7-day state-of-the-art applied portfolio management training programme at NUS Business School, Singapore, developed by academic professionals for investment professionals, and conducted at the world’s most advanced Investment Management Trading
      248 words
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      Lock icon Page 9 Advertisements Column 1
      223 9 I FACILITIES MANAGEMENT SOLUTIONS EXPO 2016 LEADING REGIONAL FACILITIES MANAGEMENT EXHIBITION il^li BUILDING INFRASTRUCTURE FACILITIES MISSION CRITICAL FACILITIES T. m LEISURE TOURISM FACILITIES TRANSPORT PUBLIC FACILITIES m I m 49 m I Organised by Co-Located with Co-Organiser for Facilities sponsor Management Conference sphere 1111 FACILITIES MANAGEMENT ■V.xhib.u II L_ CONFERENCE
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  • Page 12 Advertisements
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      71 12 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
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  • REAL ESTATE
    • Article
      Lock icon Shops and shophouses overtake residential units in auctions
      808 13  -  Shift in buyers’ preference could be driven by ABSD rule for housing, says Knight Frank By Lynette khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore SHOPS and shophouses overtook residential properties in total sales value in auctions in the first quarter of this year, a report
      808 words
    • Article, Illustration
      Lock icon Dubai developer Nakheel posts 8% rise in first-quarter profit
      228 13 REUTERS Dubai DUBAI property developer Nakheel reported an 8 per cent rise in its first-quarter profit on Wednesday. Nakheel made a profit of 1.47 billion dirhams (S$536.8 million) in the three months to March 31, up from 1.35 billion dirhams a
      REUTERS; PHOTO: BLOOMBERG  -  228 words
    • Article
      Lock icon Hotel called a blight on Brooklyn to be auctioned off
      773 13 Prince.NYT New York MUCH like Machiavelli’s The Prince, with which it shares a name, the small hotel that has stood on a corner in Bay Ridge, Brooklyn for four decades is valued by some and loathed by many more those
      Prince.NYT  -  773 words
    • Article
      Lock icon Gulf’s biggest buyer of US property to double investments
      601 13 BLOOMBERG Dubai INVESTCORP Bank BSC, the Gulf’s largest private investor in US property over the past 10 years, plans to step up property investments in the world’s largest economy as it seeks to double assets under management to US$25 billion over
      BLOOMBERG  -  601 words
    • Article, Illustration
      Lock icon Office rents in London skyscrapers up 10% in H2 2015
      417 14 Increase comes as city-centre vacancies fall to a 15-year low BLOOMBERG Berlin OFFICE rents in London’s skyscrapers rose almost 10 per cent in the second half of last year as city-centre vacancies fell to a 15-year low, according to an
      BLOOMBERG; PHOTO: REUTERS  -  417 words
    • Article
      Lock icon Distressed property sales in Europe at 3-year low
      277 14 BLOOMBERG Madrid SALES of distressed property assets in Europe slumped to the lowest in almost three years in the first quarter because of an absence of significant debt disposals in the UK and Ireland, according to Cushman Wakefield Inc. A total 3.7
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    • Article
      Lock icon Manila rushing to auction 8 infrastructure projects
      279 14 Aquino. REUTERS Manila THE Philippines is scrambling to auction eight infrastructure projects, mostly airports, worth a total of US$2.76 billion, before a leadership change in June, a top official said on Wednesday. President Benigno Aquino, whose administration has awarded 12 deals worth US$4.3
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    • Article, Illustration
      Lock icon HK malls facing new challenges in retail slump
      894 15 Developers looking for ways to keep mall traffic flowing as mainland shoppers retreat and the local economy slows in tandem with China’s BLOOMBERG Hong Kong AFTER 27 years of serving rib-eye steak and apple pie to American cuisine lovers in Hong Kong,
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    • Article
      Lock icon Househunt
      1381 15 Property transactions for districts 1 to 28 with contract dates between March 9 and March 15,2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED People's Park Cplx Apt 14/03/2016 99 1119 790 706 People's Park Cplx Apt 10/03/2016
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      16 13 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices
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      437 13 IPG, A Singapore Based Boutique Real Estate Broker Focusing on Commercial Real Estate In Central Region Of Singapore Regional Cities. We Deal With The Following Types Of Assets: Singapore Bulk Sale of Prime Freehold Strata Office Floors Retail Units with Steep Discount Bulk Sale of Prime Residential Projects Small Retail
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      71 14 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 New Cars, Pre-owned cars and Accessories at Singapore’s
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  • BANKING & FINANCE
    • Article
      Lock icon Investors more cautious over emerging market debt outlook
      579 16 Developing nations rushing to borrow cheap funds have pushed investors into riskier but high-yielding assets REUTERS Hong Kong GLOBAL investors are turning more cautious over the outlook for emerging market sovereign bonds, faced with rich valuations and increasing supply from countries struggling
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    • Article
      Lock icon Falcon bank tiptoes ‘selectively’ into emerging markets
      382 16  -  By Genevieve Cua gen@sph.com.sg @GenCuaBT Singapore FALCON Private Bank has begun to allocate funds into emerging market (EM) equities “selectively”, even as it keeps a close eye on potential headwinds should the US dollar strengthen. David Pinkerton, Falcon’s chief investment officer, said that
      382 words
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      Lock icon Visa speeds up payment process with software upgrade
      381 16 NYT New York CUSTOMERS and retailers may have one less reason to dislike new chip-enabled debit and credit cards if only by a little bit. Visa said on Tuesday that it would begin providing software to reduce the time people spend using
      NYT  -  381 words
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      591 16 FULL-DAY WORKSHOPS WHAT EVERY OUTSTANDING SALES PROFESSIONAL NEEDS TO KNOW SALES NEGOTIATION ULTIMATE ENGAGEMENT FOR BUSY SALESPEOPLE Who should attend: Sales Associates and Managers, Business Development Associates and Managers, Business Consultants, Business owners, Senior and Middle Management Negotiation is used more now in sales than at any time in history.
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  • Article
    Lock icon Drought kills Vietnam rice crops; worsens water crisis in Mekong Delta
    828 17 Dry spell in once fertile region threatens to reduce global exports of rice, seafood and coffee BLOOMBERG Hanoi THE nine acres in southern Vietnam that double as rice paddy and shrimp pond for farmer Nguyen Thi Tam have become
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    Lock icon BHP joins Rio in cutting iron ore output forecast
    458 17 BLOOMBERG Perth BHP Billiton Ltd, the world’s biggest mining company, cut its iron ore production forecast for its Australian mines by 4 per cent because of bad weather and rail network maintenance, adding to bullish signals for the global market. Output
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      879 17 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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      111 17 TENDER NOTICE Land Bank of Taiwan, Singapore Branch Land Bank of Taiwan, Singapore Branch invites tenders from certified public accounting firms for Statutory audit, Half year review and Qualifying loans and investment certification for financial year 2016 to 2018. Eligibility: Tenderers must be Certified Public Accountants Document Fee: No charge
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Yahoo vets suitors as its troubles mount and revenue shrinks
      940 18 CEO disputes news reports that the company is dragging its feet on a potential sale NYT San Francisco YAHOO said on Tuesday that its business continued to deteriorate in the first quarter, putting more pressure on the company to find
      NYT; PHOTO: AFP  -  940 words
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      Lock icon Apple says it refused China request for source code in last two years
      836 18 REUTERS Washington APPLE Inc was asked by Chinese authorities within the last two years to hand over its source code but refused, the company’s top lawyer told lawmakers on Tuesday in response to US law enforcement criticism
      REUTERS; PHOTO: AFP  -  836 words
    • Article
      Lock icon Takeover deal values Lexmark at US$3.6b
      329 18 BLOOMBERG San Francisco LEXMARK International Inc, a compu-ter-printer maker, agreed to be acquired by an investment consortium led by Apex Technology Co and PAG Asia Capital in a transaction that values the company at US$3.6 billion. The all-cash deal, worth US$40.50 per Lexmark share,
      BLOOMBERG  -  329 words
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      708 18 NOTICES CORDLIFE GROUP LIMITED (Registration No: *****2883E) (the "Company") NOTICE OF EXTRAORDINARY GENERAL MEETING We, the Members holding in aggregate approximately 22.49% of the total number of issued shares of the Company (excluding treasury shares), hereby pursuant to Section 177(1) of the Companies Act (Cap. 50 of Singapore), give notice
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  • CONSUMER
    • Article, Illustration
      Lock icon Japanese rice farmers jump onto burgeoning whisky bandwagon
      1122 20 They are planting barley used to make malt for whisky production after their rice and buckwheat harvests BLOOMBERG Tokyo JAPAN’S burgeoning whisky business is driving rice farmer Hiroshi Tsubouchi to hit the booze. With domestic rice consumption sliding, Mr Tsubouchi, 36, said
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,122 words
    • Article
      Lock icon Software that predicts terrorist traits can detect food fraud
      322 20 BLOOMBERG New York IS THAT Parmesan cheese or sawdust? With food fraud on the rise, a software that employs methods used to predict terrorist behaviour can help settle the question, according to its developers. The program, called EMAlert, models the decision-making
      BLOOMBERG  -  322 words
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      Lock icon Germany’s craft beer rebels chafe at 500-year-old purity regulation
      874 20 A growing number of commentators are asking whether the law has outlived its usefulness BLOOMBERG Berlin BAVARIAN brewer Tilman Ludwig has long adhered to Germany’s Reinheitsgebot, a rule that allows only four ingredients in beer: water, malt, hops and yeast. As
      BLOOMBERG  -  874 words
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      157 20 Curious about the life of a reporter? JOIN US NOW AT THE THUMBS UP YOUNG REPORTERS' CAMP 2016! mi ..if. si Programme Highlights Gain basic news reporting techniques taught by Thumbs Up journalists ia Learn what it takes to create engaging photos and videos using Samsung smartphones Receive tips on
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Economic, political fallout from Japan quakes set to continue
      670 22  -  By Anthony Rowley btworld@sph.com.sg Tokyo EVEN as a swathe of Japan’s industries reels from the impact of last week’s earthquakes on factory output, data released on Wednesday indicated a sixth consecutive month of decline in Japanese exports in March. March exports
      670 words
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      Lock icon US opens criminal probe linked to Panama Papers
      263 22 AFP Washington THE US Justice Department has opened a criminal investigation involving the leaked Panama Papers on offshore shell companies, according to an official letter to the group that brought the records to light. The letter from the office of Manhattan US
      AFP  -  263 words
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      Lock icon Sales of previously owned homes rebound in March
      452 22 Contract closings climb 5.1% to 5.33m annualised rate from February’s 5.07m LATEST US DATA BLOOMBERG Washington PURCHASES of previously owned US homes rose more than projected in March, indicating resilience in demand heading into the spring selling season. Contract closings climbed 5.1
      BLOOMBERG  -  452 words
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      Lock icon EU accuses Google of giving unfair prominence to its own apps
      555 22 AFP Brussels THE EU opened a new front against Google on Wednesday, slapping the US giant with anti-trust charges alleging that it had abused the dominance of its Android mobile phone operating system. The charges are a massive blow
      AFP; PHOTO: REUTERS  -  555 words
    • Article
      Lock icon Muhyiddin warns of Umno poll defeat unless Najib goes
      409 22 REUTERS Kuala Lumpur THE party that has ruled Malaysia since 1959 will lose the next election if it stands by Prime Minister Najib Razak, a former deputy premier said on Wednesday, nine months after he was sacked for speaking out over
      REUTERS  -  409 words
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      Lock icon China suspends G-20 anti-corruption task force
      623 23 Move is a setback to global efforts to crack down on shell companies used to conceal assets, sources add REUTERS Hong Kong CHINA suspended an international an-ti-corruption task force earlier this year after taking over the G-20 presidency, according to six individuals in the
      REUTERS  -  623 words
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      Lock icon Australia boosts regulator funding after bank scandals
      385 23 AFP Sydney AUSTRALIA on Wednesday boosted funding to the corporate regulator by A$127.2 million (S$133 million) and appointed a special prosecutor to investigate financial crime, in sweeping reforms prompted by public outrage over numerous bank scandals. The nation’s major banks which regularly rake
      AFP  -  385 words
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      34 22 The insider's scoopon secret spaces inJapan's oldcapital Nowonsaleatallmajorbookstoresandwww.stpressbooks.com.sg INDIAN ROAD NAMES IN SINGAPORE Ever wondered about their origins? Champion for Crohn’s sufferers GET YOUR COPY TOMORROW TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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      54 22 FULL-DAY WORKSHOPS A P R 1 6 28THURSDAY SPH News Centre 9.30am to 6.00pm POWER UP YOUR PERSONAL BRANDING FOR SALES SUCCESS Trainer Joshua Luke Early Bird by 22 Apr$489 Price From 23 Apr$589 Productivity and Innovation Credit (PIC) Claimable To register or find out more about our workshops, visit
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      60 23 Have a question? Let ST's correspondents provide the answers Send your questions to askst@sph.com.sg THE STRAITS TIMES _Avs/\_ »askSx www.straitstimes.com/askst TP A 4 What is the difference between conservation V and preservation? A *7 that I How can I capture winning shot? Melody Zaccheus, Heritage Reporter Neo Xiaobin, Executive Photojournalist
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  • TRANSPORT
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      Lock icon Mitsubishi Motors admits manipulating fuel-efficiency tests
      506 24 Shares plunge; carmaker to set up committee of external experts and publish results of probe expeditiously AFP Tokyo JAPANESE carmaker Mitsubishi Motors Corporation on Wednesday admitted that it manipulated pollution test data in more than 600,000 vehicles, after reports of misconduct sent its Tokyo-listed
      AFP; PHOTO: AFP  -  506 words
    • Article
      Lock icon Four global shipping giants form alliance
      217 24 Singapore FOUR major shipping lines, including COSCO Container Lines, have created a new alliance which will bring together a fleet of more than 350 containerships. In a media release, French CMA CGM said that it, COSCO Container Lines, Evergreen Line and Orient Overseas Container
      217 words
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      Lock icon Indonesia’s Garuda seals US$4b Airbus A330neo order
      293 24 AFP Paris AIRBUS said on Tuesday that Indonesian carrier Garuda had signed a firm purchase order for 14 of its new generation wide-bodied A330-900neo airliner for US$4 billion. The deal, sealed in London for the re-engined version of Airbus’s popular A330 airliner, is
      AFP  -  293 words
    • Article
      Lock icon VW’s secret language in emissions cheating scandal bogs down probe
      707 24 BLOOMBERG Frankfurt VOLKSWAGEN AG investigators are struggling to make headway through data secured from more than 1,500 laptops and other devices and probably won’t have a complete report on the carmaker’s emissions cheating by the end of the month, according
      BLOOMBERG  -  707 words
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      Lock icon Foo Chai Woo to pilot SilkAir from mid-May
      376 24  -  Outgoing CEO Leslie Thng to return to parent company SIA after almost 4 years By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore FOO Chai Woo has been appointed chief executive of SilkAir from May 18 while outgoing CEO Leslie Thng will return to parent
      376 words
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      66 24 A Uniquely Positioned Event An Effective Marketing Branding Platform for Financial Institutions in Asia. What Makes INVEST Fair Unique? Largest Investment Event In Singapore Proven Results For Exhibitors Maximum Unlimited Marketing Possibilities Extensive Marketing On Print, Online, Outdoor, Radio, Social Media and Other Platforms Flexible Sponsorship Packages CELEBRATING 10 SPLENDID
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      29 24 QQV PROPERTY O l\A MAGAZINE SRX.com. sg Find the Right Home at the Right Price Buying Opportunities Property Outlook 2016 kilL. Jii 11 V s I Download at srx.com.sg/property-magazine
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      977 25 the Business times Shipping times Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon A golden throne for the Guggenheim
      990 28 Artist Cattelan comes out of retirement with a functioning toilet sculpture NYT New York UNLIKE professional athletes, actors (Gene Hackman) and some novelists (Philip Roth), visual artists don’t usually retire. Or if they do, they don’t announce it. But in 2011, Maurizio Cattelan one
      NYT; PHOTOS: NYT  -  990 words
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      Lock icon Four hundred years after his death, Cervantes intrigues and enchants
      878 28 AFP Madrid HE is best known for Don Quixote, but the eventful life of Spain’s revered author Miguel de Cervantes was just as intriguing as any adventures of the delusional wannabe knight of his famous novel. Cervantes whose death on
      AFP; PHOTOS: REUTERS  -  878 words
    • Article
      Lock icon 160 years on, women’s Aussie Rules league gets the nod
      741 28 AFP Sydney IT has been almost 160 years since the first Australian Rules football club was formed, but women will take a significant step forward in the male-dominated sport when a female national league starts next year. Women have long
      AFP  -  741 words
  • Page 28 Miscellaneous
    • Miscellaneous
      Lock icon Page 28 Miscellaneous Column 1
      326 28 CRYPTIC CROSSWORD Across 1 Sensational duck, wicket given after loud shout (6) 5 Unfair contest? Short young lady lighter (8) 10 Trim tree with pendulous cones (6) 11 Piece of pork, free on bar (5,3) 12 Hotel’s restraint must be misplaced, ultimately (2,3,4,6) 16 Skittle 17 out high point (8)
      326 words