The Business Times, 26 April 2016

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Microfilm: NL33830
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES S$1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes CO REGN NO *****2868E MCI (P) 039/08/2015 Tuesday, April 26, 2016
    22 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    213 1 The inflation data for March throws further light on the rationale behind Singapore’s central bank’s surprise easing of monetary policy in mid-April, say economists. TOP STORIES 2 Zhang Min, who is involved in the Ezubao ponzi scandal, is believed to have been the buyer of a S$23.8 million
    213 words
  • Article
    Lock icon MARKETS
    28 1 Monday Change STI 2,900.28 -40.15 KL COMP 1,714.51 -3.45 NIKKEI 225 17,439.30 -133.19 HANG SENG 21,304.44 -162.60 SHENZHEN B 1,121.76 -7.13 DOW (11.45 AM EDT) 17,892.67 -111.08
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  • Article, Illustration
    Lock icon A*Star surpasses 5-year targets; industry R&D spend exceeds SS1.6b
    880 1  -  Agency is involved in 8,965 industry projects against a target of 1,726 and has 1,030 licensing agreements over the period By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore THE Agency for Science, Technology and Research (A*Star) on Monday unveiled an impressive report
    Sources: A*Star, Source: National R&D Survey  -  880 words
  • Article
    Lock icon Singapore tourism industry to get S$700 million boost over next five years
    900 1  -  Niche sectors such as cruises will get support, as will the adoption of technology and manpower initiatives By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE local tourism industry will get a S$700 million shot in the arm over the
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      31 1 *****1 *****1 THE BUSINESS TIMES S&asruitifeA AQUA TERRA LADIES AVAILABLE AT: Ion Orchard 6509 9712 Marina Bay Sands 6225 2393 Raffles City 6338 3676 Resorts World Sentosa 6723 8004 Q OMEGA
      31 words
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      10 1 SINGAPOREJAPAN TIES Celebrating 50 years of friendship SPECIAL REPORT/ 13-17
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      27 1 BUKIT BATOK BY-ELECTION Elections Dept issues 5 political donation certificates top stories 2 ENHANCING ONLINE SECURITY OCBC launches first biometric business banking mobile app companies markets 6
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  • TOP STORIES
    • Article, Illustration
      Lock icon March CPI data underscores MAS move in mid-April easing
      599 2  -  Economists look to Thursday’s labour market report for hints of possible second easing By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THE inflation data for March throws further light on the rationale behind Singapore’s central bank’s surprise easing of monetary policy in mid-April,
      Source: Department of Statistics  -  599 words
    • Article
      Lock icon Elections Dept issues five political donation certificates
      463 2  -  There remains a remote possibility that there could be a multi-cornered fight BUKIT BATOK BY-ELECTION By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore ALL five people who applied for a political donation certificate a key document needed by prospective election candidates have been issued with
      463 words
    • Article
      Lock icon Safety lapses direct cause of fatal accident on tracks: SMRT
      361 2  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore THE team investigating last month’s fatal accident on the MRT tracks has concluded that a vital safety measure which bars trains travelling on auto mode from entering parts of the track where work teams
      361 words
    • Article
      Lock icon Developers unfazed by Kuala Lumpur’s office space glut
      714 2  -  By btworld@sph.com.sg Pauline Ng btworld@sph.com.sg Kuala Lumpur ONE-FIFTH of office space in Kuala Lumpur is unoccupied but developers appear unfazed as they continue to roll out large developments. According to the Napic (National Property Information Centre) Property Report 2015 released last week,
      714 words
    • Article, Illustration
      Lock icon StanChart S’pore’s ex-CEO Lim Cheng Teck to retire
      481 2  -  By Angela Tan angelat@sph.com.sg Singapore STANDARD Chartered Bank’s vicechairman of Asean and its former chief executive in Singapore, Lim Cheng Teck, will retire on May 1. The 56-year-old has been with the bank for more than 28 years. He assumed his current
      481 words
    • Article, Illustration
      Lock icon Arrested China exec said to be buyer of Sentosa villa
      618 3  -  S$23.8m deal believed to have been aborted; caveat on property withdrawn in February By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore ZHANG Min, the Chinese businesswoman involved in the Ezubao ponzi scandal, is believed to have been the buyer of a S$23.8
      PHOTOS: INTERNET, FILE  -  618 words
    • Article, Illustration
      Lock icon S’pore is Uber’s choice testbed for new moves
      673 3  -  Its Singapore GM says the firsts include setting up a car rental company and letting riders pay in cash RIDE-BOOKING APPS By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore UBER is ever experimenting and Singapore remains a choice testing ground for the San Francisco-based
      PHOTO: JACQUELYN CHEOK  -  673 words
    • Article
      Lock icon Uber can ‘help cut car ownership and meet demand for last-mile travel’
      508 3  -  Its Singapore GM says its cars complement public transport; 25% of all rides start or end in train stations By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore UBER can help reduce private-car ownership in Singapore, and function as a viable
      508 words
    • Article
      Lock icon IPIC to pay interest only if 1MDB defaults
      888 4  -  Coupon payment on 1MDB bonds hangs in the balance as spat with Abu Dhabi state-owned entity worsens 1MDB TWISTS By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore AS the grace period for a US$50.31 million interest payment on bonds issued by 1 Malaysia Development
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    • Article, Illustration
      Lock icon Early data for April suggests China recovery gathering pace
      617 4 BLOOMBERG Beijing CHINA’S property-led economic rebound gathered pace in April, according to the earliest batch of private indicators for the month. Gauges from four providers all increased in April from March, while sub-indices for employment showed stronger demand for workers. Still,
      BLOOMBERG; PHOTO: AFP  -  617 words
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  • Page 3 Advertisements
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      184 3 wr I f 14 4 4,t i i ifiH II LEVEL 24, CAPITAGREEN 138 MARKET STREET World’s finest Serviced Offices Fully furnished prestigious offices for 1 to 30 people, or more Dedicated receptionist answering your calls the way you would like Meeting rooms, bilingual secretaries Global IT infrastructure 5 days
      184 words
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  • Page 4 Advertisements
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      222 4 I FACILITIES MANAGEMENT SOLUTIONS EXPO 2016 LEADING REGIONAL FACILITIES MANAGEMENT EXHIBITION BUILDING INFRASTRUCTURE FACILITIES MISSION CRITICAL FACILITIES T. m LEISURE TOURISM FACILITIES TRANSPORT PUBLIC FACILITIES m I m 1 26-28 April 2016 Sands Convention and Exhibition Centre, Hall A Join the region's key industry experts in the industry's most focused
      222 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Cab incumbents must accept disruption reality
      1147 5  -  HOCK LOCK SIEW BY LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT NEW licensing rules for private-hire drivers will help to level the playing field in the taxi industry, but traditional operators like ComfortDelGro and SMRT should not get too comfortable. The rules also bring legitimacy to disruptors
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    • Article, Illustration
      Lock icon BOC Aviation gauging demand for US$1.5b IPO
      646 5 BLOOMBERG Singapore BOC Aviation Ltd, Asia’s biggest air-craft-leasing company by asset value, began gauging demand on Monday for a Hong Kong initial public offering that could raise as much as US$ 1.5 billion, people with knowledge of the matter said. The Singapore-based company,
      BLOOMBERG; PHOTO: BOC AVIATION  -  646 words
    • CORPORATE DIGEST
      • Article
        Lock icon Soilbuild Construction Group
        95 5 A UNIT of Soilbuild Construction Group has won a construction contract worth US$95 million from a developer in Myanmar, the company said on Monday. It added that the subsidiary, Soilbuild (Myanmar) Company, will be the main contractor for the project by United GP Development. The contract is
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      • Article
        Lock icon Singapore Press Holdings
        126 5 SNAPCART, a portfolio company of SPH Media Fund, the corporate venture capital fund of Singapore Press Holdings (SPH), has emerged as winner of the inaugural Accenture Consumer Innovation Awards. The awards recognise early-stage startup businesses that change and improve the way people shop and engage with consumer
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    • Article
      Lock icon SembMarine shares slip after Marco Polo’s update on rig dispute
      331 5  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SHARES of Sembcorp Marine slipped on Monday after a pre-market announcement by Marco Polo Marine that it has succeeded in its application for a stay of court proceedings in favour of arbitration over a
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    • Article, Illustration
      Lock icon Raffles Medical’s Q1 profit up 3.7%
      656 6  -  Revenue climbs 23%, driven by healthcare and hospital services divisions By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore LIFTED by strong revenue growth, private healthcare provider Raffles Medical Group’s net profit for the first quarter rose 3.7 per cent year-on-year to S$ 15.5 million. The profit
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    • Article
      Lock icon Sunningdale Q1 profit hit by forex loss
      436 6  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore PROPELLED by organic growth, Sunningdale Tech achieved a 4.4 per cent year-on-year rise in first-quarter revenue but a foreign exchange loss compared with a foreign exchange gain a year earlier resulted in a near 50 per cent
      436 words
    • Article
      Lock icon China Minzhong Q3 profit halves to 49.1m yuan
      415 6  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore China Minzhong Food Corporation’s net profit was halved in the third quarter, as a poorly-performing beverage division and exchange losses continued to dog the company. The integrated vegetable processor’s net profit tumbled 55 per cent from
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    • Article, Illustration
      Lock icon OCBC launches first biometric business banking mobile app
      425 6  -  By Angela Tan angelat@sph.com.sg Singapore OCBC Bank launched on Monday a new and more convenient business mobile banking application with biometric authentication, allowing customers to access accounts using fingerprint without the need to log in using user ID and password. The OCBC
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    • Article
      Lock icon Mapletree Industrial Trust’s DPU rises 6% for Q4
      480 6  -  By leemx@sph.com.sg Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore MAPLETREE Industrial Trust (MIT) on Monday posted a 6 per cent increase to its distribution per unit to 2.81 Singapore cents for its fourth quarter ended March 31, 2016. This was up from 2.65 cents
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    • Article
      Lock icon SGX wooing China listings in tie-up with key Chinese bank
      482 6  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore MORE S-chips may land on Singapore shores soon. The Singapore Exchange (SGX) has teamed up with a major Chinese bank in a bid to get more Chinese companies to tap capital markets here, including
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    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist straits Times index April 25,2016 2,900.28 -40.15 (-1.37%) Current streak 2 days Day high 2,933.26 Day low 2,886.25 52-week high 3,515.85 (Apr 27, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist Index April 25,2016 452.88 -6.10 (-1.33%) Current streak 2 days Day high 462.91 Day low
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    • Article, Illustration
      Lock icon Banks, Singtel drag STI down 40 pts to 2,900
      651 8  -  Other than volatile oil prices and soft day for HK, China, Dow futures, there was no other readily apparent reason for the selling STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT HAVING gained 152 points in nine trading days leading up to Friday
      Source: Bloomberg  -  651 words
    • Article
      Lock icon STI STOCKS
      321 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 246 -4 249/244 267 209 5.9 6466 CapitaCom Trust 146 -2 148/145 171.5 122.5 5.9 4314.8 CapitaLand 309 xd -11 314/308 379 267 12.4 2.9 *****.4 CapitaMall Trust 209 xd +1 209/207
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    • Article
      Lock icon MOST ACTIVE
      37 8 VOLUME QT Vascular 37,614,300 OKH Global 24,709,900 Noble 23,094,000 Imperium Crown 19,654,000 Genting Sing 19,460,100 Market volume 1,099,047,000 VALUE Singtel 69,557,906 DBS Grp 58,980,459 UOB 37,947,383 Keppel Corp 37,941,394 OCBC Bank 33,918,808 Market value 831,484,000
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    • Article
      Lock icon SGX ETFs
      108 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 290 -4 203 294/289 354/254 290/291 IS MS INDIA US$ US665 -10 64 670/664 780/575 665/668 83.1 ABF SG Bond ETF 117.3 -0.2 58 117.5/117 119/112 117/117.3 535.5 DBXT MSRussia US$ US197 -4 43
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Apr 25 VALUE CLOSE BT OB/OS 55.00 -138.00 BT CADI -*****.00 -159.00 BT 10-day MA -*****.00 +6.00 FTSE ST Mid Cap 699.82 -7.39 FTSE ST Small Cap 398.65 -2.72 FTSE ST All Share 708.23 -9.80 FTSE ST China Top 167.73 -1.45 FTSE ST China 199.51 -1.26 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share ftse ST All-Share index April 25,2016 708.23 -9.80 (-1.36%) Current streak 2 days Day high 717.38 Day low 705.62 52-week high 845.70 (Apr 27, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE index April 22,2016 1,703.27 -13.24 (-0.77%) Current streak 1 day Day high 1,717.36 Day low 1,699.77 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 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 10 3 0 1 0 1 11 3 Manufacturing 29 46 24 7 13 10 36 59 34 Commerce 12 28 12 3 6 4 15 34 16 Tpt/Stor/Comms 6 22 1
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,825 1,382 18,207 60,468 305 60,773 Manufacturing 93,882 81,510 175,392 72,351 6,651 79,002 Commerce 62,827 30,275 93,102 76,526 1,186 77,712 Tpt/Stor/Comms 93,078 403 93,481 148,017 31 148,048 Finance 15,421 312 15,733 150,519 36 150,555 Construction
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    • Article
      Lock icon GAINERS
      75 8 BY CENTS CLOSE UP 52w high/low DBXT AUDCS SG$ ***** 1146.0 5.2 *****/***** Lyxor Indonesia US$ 8176 280.1 2.6 8804/6250 DBXT USDIGInfl US$ ***** 184.1 0.5 *****/***** SPDR S&P500 US$ ***** 89.3 0.3 *****/***** SPDR DJIA US$ ***** 54.1 0.2 *****/***** BY PERCENTAGE CLOSE UP 52w high/low InnoPac 0.2
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    • Article
      Lock icon LOSERS
      73 8 BY CENTS CLOSE DOWN 52w high/low JMH USD 5814 -251.7 -3.1 6272/4500 GLD US$ ***** -186.8 -1.2 *****/***** DBXT AUDBonds AU$ ***** -129.3 -0.6 *****/***** JSH USD 3026 -119.1 -2.8 3544/2524 Jardine C&C 4280 -110.0 -2.5 4520/2636 BY PERCENTAGE CLOSE DOWN 52w high/low Elektromotw*****5 0.1 -50.0 -0.1 0.5/0.1 LifeBrandz
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 8 VOL CLOSE($) CHANGE MS Hldgs 150.0 0.080 +0.013 +19.40 Imperium Crown 19,654.0 0.075 +0.011 +17.19 L-Jacoberg 4.5 0.500 +0.135 +36.99 Universal Res 7.0 0.095 -0.031 -24.60 VGO^ 22.9 0.061 -0.012 -16.44 Gaylin 20.1 0.330 +0.015 +4.76 Nippecraft 57.0 0.025 -0.005 -16.67 Lion Asiapac 48.1 0.245 -0.025 -9.26 TA
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    • BROKERS’ TAKE
      • Article
        Lock icon YTL Starhill Global Reit | Buy
        224 8 YTL Starhill Global Reit Buy April 25 close: S$0.795 Target price: S$0.84 DBS Group Research, April 25 With about 44 per cent of topline derived from master leases or long leases, the Reit offers investors income stability and visibility, as well as upside potential from positive rental reversions embedded in
        224 words
      • Article
        Lock icon Frasers Centrepoint Trust | Buy
        237 8  - Frasers Centrepoint Trust Buy Compiled by Melissa Tan April 25 close: S$2.00 Target price: s$2.25 OCBC Investment Research, April 25 Operational metrics reflect defensiveness of portfolio. During the quarter, FCT delivered average positive rental reversions of 5.6 per cent, with strong growth led by Changi City Point (+17.4 per cent)
        237 words
    • Article
      Lock icon CALENDAR
      16 8 DATA IApril 26 S’pore Industrial Production Index US FOMC meeting US S&P/Case-Shiller Home Price index
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    • Article
      Lock icon Yen recovers, data shows swing against US$
      418 9 CURRENCIES REUTERS London THE yen recovered from a walloping at the end of last week on Monday, with investors focusing on a meeting of the Bank of Japan that many expect to deliver further easing of monetary policy in a bid to halt
      REUTERS  -  418 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Apr 25 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.979 5.012 0.685 5.979 51.443 101.829 0.857 8.864 3.013 1.123 80.750 36.107 1.043 11.157 0.752 24.933 27.084 0.535 0.771 Canada 1.022 5.122
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Apr 25 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0429 1.0438 0.7706 0.7711 Canadian dollar 1.0658 1.0666 0.7879 0.7876 Euro 1.5234 1.5244 1.1257 1.1261 NZ dollar 0.9289 0.9299 0.6864 0.6869 Sterling pound 1.9508 1.9519 1.4415 1.4419
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Apr 25 S$ Bid Offer 1-month 1.3544 1.3549 2-months 1.3551 1.3556 3-months 1.3557 1.3564 6-months 1.3572 1.3585 Source: OCBC
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        215 9 Most active Apr 25 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left STI 2900 MB eCW*****0 5.5 -1.1 9120 0.0 2 DBS MB eCW*****5 5.1 -0.8 7247 0.1 1600 3 STI 2850 MB ePW*****0 5.5 0.6 4350 0.0 2
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 9 In local curr In S$ In US$ dy yr dy yr dy yr Apr 22 Index Change Change Change Change Change Change World Preliminary 1273.2 -0.3 -0.4 -0.1 -3.5 -0.4 1.2 EAFE Preliminary 973.1 -0.2 -4.0 -0.5 -5.4 -0.8 -0.8 Europe Preliminary 1374.5 -0.6 -2.7
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        402 9 Apr 25 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Apr16 9650.00 9685.00 9515.00 9577.50 *****1 *****7 May16 9640.00 9667.50 9492.50 9570.00 *****2 *****5 NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 ***** *****5 Sep16 *****.00 *****.00 *****.00 *****.00 66 669 MSCI TAIWAN
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Apr 25 $S Offer Bid 0vernight 0.15 0.05 1-month 0.6875 0.5625 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: 0.80 US$ 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
        61 9 Apr 25 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.00 5-Year NX*****X 2.250 01-Jun-21 102.75 10-Year NX*****Z 2.375 01-Jun-25 103.21 103.30 103.30 15-Year NZ*****F 2.875 01-Sep-30 106.06 106.35 106.35 20-Year NZ*****V 3.375 01-Sep-33 112.97 30-Year NA*****H 2.750 01-Mar-46
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Apr-22 Price Net change change Last Trade Agricultural Apr-22 CBOT Soybeans (US cents/bu) 987.00 -31.75 -3.12% 13/05/2016 CBOT Soybean Oil (US cents/lb) 33.99 -0.22 -0.64% 13/05/2016 CBOT Wheat (US cents/bu) 467.00 -28.75 -5.80% 13/05/2016 Apr-22 LIFFE Cocoa (£/tonne) 2270.00 23.00 1.02% 13/05/2016 LIFFE Coffee (US$/tonne) 1524.00 -10.00 -0.65%
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    • Article
      Lock icon SGX MAINBOARD
      1716 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High 153 127 AIMSAMP Cap Reit 137 +1 289 137 136 1 8.1 870.5 LOW 175.5 101 ARA Asset Mgmt 119.5xd -0.5 531 120.5 119
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    • Article
      Lock icon SGX CATALIST
      363 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale vol (’000) High Day LOW Div C'vr 19.9 8.3 t Anchor Resources 11.7 -0.5 2916 12.4 11.7 32.7 Net P/E MCap 25.5 8.8 t 3Cnergy 9.5 29.5 16.7
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    • Article
      Lock icon SGX ETF
      156 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1364 991 CIMBASEAN40 S$D 1163 +12 0 1163 1163 1019 700 CIMBASEAN40 US$ US855 +5 19 859 852 134.1 4258 2355 DBXT China50 US$ US2823 -6 6 2839
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      Lock icon Page 5 Advertisements Column 1
      5 5 Tips to Sounding Young zaobao.sg
      5 words
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      Lock icon Page 5 Advertisements Column 2
      278 5 THE 6 th ANNUAL INDONESIA INDEPENDENT POWER PRODUCER (IPP) CONFERENCE Shangri-La Jakarta, Indonesia 18-19 May 2016 Investment: 1600 USD Conference topics: Indonesian Long-Term Electricity Roadmap IPP's Portion in the National Electricity Development PLN's Financial Capability to Build Power Plants under the 35,000 MW Program? Utilizing CNG LNG for Power Generation;
      278 words
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      28 6 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
      28 words
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  • Page 7 Advertisements
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      4544 7 THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. If Noteholders (as defined herein) are in doubt about any aspect of the Proposal (as defined herein) and/or the action they should take, they should seek their own financial advice immediately from their stockbroker, bank manager, solicitor, accountant or
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  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      79 10 SGX== SGX StockFacts Access stock fundamentals of all SGX-listed companies to generate ideas that suit your investment appetite. Plug into sgx.com/stockfacts now. Singapore Exchange j P This advertisement has been published for general circulation only. It is not an offer solicitation to buy or sell, nor financial advice or recommendation
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  • REAL ESTATE
    • Article, Illustration
      Lock icon 100 AM mall in Tanjong Pagar to be new home for Parco
      441 11  -  Amara says it is tweaking the tenant mix at 100 AM in response to the changing retail landscape By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore AMARA Holdings’ shopping mall in Tanjong Pagar, 100 AM, will soon be home to
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    • Article
      Lock icon 25% of Qingjian’s EC units sold at weekend launch
      433 11  -  Frasers Centrepoint’s Parc Life EC receives more than 700 e-apps By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore QINGJIAN Realty (South Pacific) Group sold 25 per cent or 158 units of its executive condominium project in Sembawang, The Visionaire, during the first weekend
      433 words
    • Article
      Lock icon Heeton, KSH, Lian Beng venture buys 5th property in Britain
      290 11  -  By Renald Yeo yrenald@sph.com.sg Singapore A TRIO of mainboard-listed developers Heeton Holdings, KSH Holdings and Lian Beng Group have once again acquired hotel property in the United Kingdom. In a joint Singapore Exchange filing on Monday, the trio said that
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    • Article, Illustration
      Lock icon Germans flock to property as interest rates fall and rents rise
      934 12 Growing urban population and unexpectedly high immigration are pushing up housing market REUTERS Berlin UNLIKE his parents who rented their whole life, Berlin resident Sebastian lives in his own apartment and is considering buying a second property in the
      REUTERS; PHOTO: REUTERS  -  934 words
    • Article
      Lock icon China’s 2 largest developers make move to re-list on mainland bourse
      492 12 BLOOMBERG Hong Kong TWO of China’s largest developers took steps that moved them closer to potentially switching their stock market listings from Hong Kong to China, where their top executives have said they can get higher valuations. On Monday,
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      691 11 Deferred payment scheme spurs sales of OUE TwinPeaks Buyers are drawn to the excellent location, superb design and premium facilities OUE's deferred payment scheme for its posh OUETwinPeaks condominium has generated a lot of buzz among property buyers and spurred sales of its luxurious apartments which are next door to
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      432 12 Freehold Plot at Cuscaden Road For Sale By Trustees Prime Hotel Residential Site off Orchard Road* Land 25,741 sf; GPR 4.2; 20 stys Potential GFAof 108,111 sf Existing detached house 200 m from Orchard Road 500 600 m to 2 MRT stations Tender Closing 12 May 2016 (Thurs), 2.30pm Subject
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      238 12 laililiLl* i 1iyiV#«f;lHI;lHilM;l;milil Rare 999-Year Full Commercial Corner Shophouses For Sale Site area: 60 Boat Quay Approx. 89.6 sq m 964 sq ft 18 Circular Road Approx. 88.9 sq m 957 sq ft Floor area*: subject to final survey 60 Boat Quay Approx. 217.0 sq m 2,336 sq ft 18
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  • SINGAPORE-JAPAN TIES
    • Article, Illustration
      Lock icon CELEBRATING 50 YEARS OF FRIENDSHIP
      1018 13  -  Japan’s ambassador-designate to Singapore Kenji Shinoda talks about plans to further deepen bilateral ties between the two countries. SINGAPORE-JAPAN 50TH ANNIVERSARY OF DIPLOMATIC RELATIONSHIP countries.BY FRANCIS KAN FIFTY years after diplomatic relations were established between Singapore and Japan, ties between the two nations are as
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      Lock icon A VALUABLE BUSINESS PARTNERSHIP
      543 16  -  Trade and investment between Singapore and Japan has been rising steadily over the years. years.BY FRANCIS KAN JAPAN and Singapore has enjoyed fruitful trade and business relations over the years that has benefited companies on both sides. Bilateral trade has increased over 20 per cent during
      543 words
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      Lock icon Long-term Japanese investments in Singapore
      215 16 SOURCE: EDB SEIKO INSTRUMENTS Seiko Instruments is a leading manufacturer of watch movements, scientific instruments and electronic components. Seiko was one of Singapore’s earliest investors and has continued to grow its Singapore operations, diversifying from watch assembly in the early years to manufacturing watch movements
      SOURCE: EDB  -  215 words
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      Lock icon Making their mark in Singapore
      1535 16 Participants: ITetsuro Akagi, Senior VicePresident, NEC Corporation and Chief Executive Officer, NEC Asia Pacific ILance Tay, Chief Executive Officer, Tokio Marine Life Insurance Singapore Moderator: Francis Kan REPRESENTATIVESfrom two large Japanese corporations with operations in Singapore speak a b ou t t h e i
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      Lock icon MARKING A MAJOR MILESTONE IN RELATIONS
      720 17  -  Following the SG50 festivities, Singaporeans can look forward to this year’s Japanese-themed SJ50 celebrations. celebrations.BY FRANCIS KAN A WHOLE series of events has been scheduled to mark the 50th anniversary of diplomatic relations between Singapore and Japan, which falls on pril 26, 2016. The
      720 words
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      53 13 For e-version, go to www.sphcountryspecial.sg SMBC is proud to join Singapore and Japan as we celebrate 50 years of bilateral relations. Having been here since 1963, we have seen how our expertise has helped companies grow from strength to strength, and we look forward to being here with you for
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  • Celebrating the 50th Anniversary of Singapore – Japan relations
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      Lock icon Dedicated to engaging with customers across Southeast Asia
      549 14 IHI Corporation has played an important role in Japan’s industrialization over the last 160 years. As a leading international heavy industries conglomerate, the company is involved in the design, manufacture and construction of processing plants, heavy industrial and mass produced machinery, material
      549 words
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      Lock icon 50 years: Stronger than ever
      432 14 Synergy Media Specialists asked Assistant Managing Director and Japan spokesperson of the Singapore Economic Development Board, Swee Nian Lim about Singapore’s relations with Japan. In light of the 50th Anniversary of diplomatic relations between Japan and Singapore, how would you characterise the trade and economic
      432 words
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      Lock icon Supporting ‘nation building’ initiatives across Asia MEIDENSHA CORPORATION
      418 14 Japan’s commitment to developing a close partnership with Singapore over the last fifty years has created a trusted friendship between the two nations. Japanese companies such as Meiden Group actively have supported the development of Singapore and the company continues to work
      418 words
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      Lock icon Twenty years of success within Singapore’s shipping society
      408 14 Singapore has successfully established itself as a key international player within the global energy, chemical and shipping industries. By delivering complete value-chain solutions to customers, Singaporean based shipping companies are continuing to successfully connect Singapore to the world. Privately owned Japanese shipping
      408 words
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      Lock icon Singapore plays a key role in TMEIC’s success
      426 15 Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC) has successfully become a leader in the design, development and engineering of advanced automation systems, variable speed drives and large rotating machinery. The company serves the oil and gas, material handling, metals, mining, and industrial sectors,
      426 words
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      Lock icon Strengthen the ties between Japan and Singapore’s capital markets
      335 15 Japan Exchange Group (JPX) is a global leader within the exchange industry and home to Tokyo Stock Exchange (TSE) and Osaka Exchange (OSE), respectively providers of one of the world’s largest equity markets and prominent Japanese derivative products. Last year, JPX
      335 words
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      Lock icon Building on its excellent history of successful business in Singapore
      325 15 In pursuit of ‘human-centered’ automation, Azbil aims to constantly improve its ability to help its international customers overcome the challenges they face in key global markets. Since 1906, Azbil has continued to develop leading measurement and control technologies and tailor-made
      325 words
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      Lock icon Yokoso! – Welcome to Japan!
      446 15 Yokoso! Welcome to Japan! In 2013, Tokyo won the bid to host the 2020 Summer Olympic and Paralympic Games, 60 years since the country last hosted the event. Winning the bid to host the Olympics and other events has shifted the Japan National Tourism Organization (JNTO) into high gear. “Tourism
      446 words
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      463 14 A special feature produced by Synergy Media Specialists synergymediaspecialists TThTT ill illlli ttmi iiSii IIHII illHIIHIIHIIHIIH ***** 'IH!! 1III IIHIIHIIHIIH i H [IH ill IllHIIHIIHIIHIIH HI H 111 ■I [111 'I': ilia a H li 8 Hilt H m HIIHI hIIhI HIIHI HI IHIIIiIIH IE 111H IIIH IIIHI HIIHI IHI
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      1 14 synergymediaspecialists.com
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      105 17 Yesterday, /answered to Wbots. j( answer i TOKIOMARINE INSURANCEGROUP .'r* 1 4 Planning to start your own business? Talk to us b. Every step you take in life should move you forward. And if the next step is a new business venture, Tokio Marine's comprehensive suite of insurance and wealth
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  • BANKING & FINANCE
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      Lock icon China’s biggest banks stand exposed after profit buffers eroded
      775 18 Govt mulls lower bad-loan provisions but that may create doubts about regulatory robustness BLOOMBERG Shanghai CHINA’S biggest banks stand exposed to their first annual profit declines in more than a decade. That’s because lenders such as Industrial Commercial Bank of China
      BLOOMBERG; PHOTOS: REUTERS  -  775 words
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      Lock icon Fund managers war over smart-beta ETFs
      985 18 BLOOMBERG Tokyo TRYING to time the market is a dumb idea. That in a nutshell is Cliff Asness’ opening salvo into an escalating war of words over smart-beta exchange-traded funds (ETFs), triggered in February when one of the inventors of the approach said that
      BLOOMBERG; PHOTO: BLOOMBERG  -  985 words
    • Article
      Lock icon Negative rates drive Japan life insurers to take greater risks
      663 18 BLOOMBERG Tokyo JAPAN’S biggest life insurers will be looking for returns in corporate bonds and infrastructure lending in the year ahead, as central bank stimulus clouds the outlook for local sovereign debt. Nippon Life Insurance, the nation’s largest, said on
      BLOOMBERG  -  663 words
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      272 18 CK Ee Co-Founder Chief Operating Officer, Asia Charts Pte Ltd Afull-time active trader in the equities and derivatives markets, CK is a practitioner of technical analysis and has been actively trading since 1993 in Singapore, Malaysia and US markets. He focuses in trading growth stocks that have potential for big
      272 words
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      44 18 HOT PROPERTY ROWELL RD, 2 units 3-storey shophses terrace land 1100 /2200sf, MRT, F'hold. $3.78M each. SIM LIM SQUARE Sale! With tenancy. Good yield. 409 sf. Level 3. SHOP SPACES FOR SALE Check out these properties and more in The Straits Times Classified now!
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      14 18 ChinaConstructionBank tohelpmore growth enterprises raisefunds inS'pore To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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      84 19 A NEW CHAPTER ZB SINGAPORE'S ONLY BILINGUAL LUXURY LIFESTYLE MAGAZINE or ZBBZ enthralls your palate with extreme gastronomic pleasures from around the world. The feast continues with an indulgence in the alternative side of travel, the arts, personalities, cuisines and life’s other finer things. mm ZBBZ eiwfist PREVIEW HERE KApple
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  • ENERGY & COMMODITIES
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      483 20 INDUSTRIAL GOVERNMENT LAND SALES: LAND PARCEL AT TAMPINES A/y PLOT 4V CD TAMPINES WAFER FAB PARK Site Information Location Land Area Tenure Tampines Industrial Drive (Plot 10) 4,702.6 sqm 20 years GPR Zoning Project Completion Period 1.4 B2 60 months Submission of Tender Tender Launch Dale Tender Closing Dale Venue
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      1018 20 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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      475 20 IN THE MATTER OF THE COMPANIES ACT CAP. 50 AND IN THE MATTER OF RQI PTE. LTD. Co. Reg. No. *****5895Z NOTICE OF SPECIAL RESOLUTION FOR MEMBERS’ VOLUNTARY WINDING-UP (Pursuant to Section 290) At an extraordinary general meeting of the members of the above-named Company, duly convened and held at
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      232 20 “Insightful, accessible, thoughtful and entertaining all at once...To know what has brought India to this point, and its place in the world today, Velloor’s book is not only timely but essential.” ZOHER F. ABDOOLCARIM Asia Editor, TIME Now on sale at all major bookstores and www.stpressbooks.com.sg IN THE MATTER OF
      232 words
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  • TECHNOLOGY
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      Lock icon Facebook guns for cheap, global Internet access
      800 21 This is so it can triple the size of its social network and new audiences in developing countries NYT San Francisco MARK Zuckerberg, Facebook’s co-founder and chief executive, is clear about his vision for his company: He wants to triple the size of
      NYT  -  800 words
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      Lock icon Thai hard disk drive makers brace for demand slump
      302 21 REUTERS Bangkok AFTER more than two years of riding high on growing demand for cloud data storage, Thailand’s hard disk drive exporters are bracing for a fall from grace. Data due later on Monday will likely show Thai exports of hard
      REUTERS  -  302 words
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      81 21 Have a question? Let ST's correspondents provide the answers Send your questions to askst@sph.com.sg THE STRAITS TIMES 9 m f o m f ou ask. we answer. www.straitstimes.com/askst 0 When will property prices stop falling? 4 o ABc A 4 /-A j How much savings do 1 need to retire?
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  • CONSUMER
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      Lock icon London leads world’s cities in number of billionaires
      644 22 With 77 billionaires, it’s ahead of New York (61) and San Francisco (57) on The Sunday Times’ Rich List 2016 AFP London LONDON has more billionaires measured in pounds sterling than any other city in the world, according to The Sunday Times
      AFP  -  644 words
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      Lock icon Philips’ lighting unit IPO more likely as profit rises
      475 22 BLOOMBERG Amsterdam ROYAL Philips NV is leaning towards holding an initial public offering (IPO) of its historic lighting business after first-quarter profit beat estimates and an attempt at a private sale has so far been unsuccessful. “With equity markets’ sentiment improving
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    • Article
      Lock icon Korean cinema operator mulls over stake sales to fund growth
      402 22 BLOOMBERG Los Angeles SOUTH Korea’s CJ CGV Co is considering selling stakes in some of its units, including one in China, to help fund its ambitions of turning into one of the world’s biggest operators of movie theatres, according to
      BLOOMBERG  -  402 words
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      317 22 Limited Seats. Grab your SPH^IGITAL www.sphdigital.com tickets Date: Saturday Sunday 7-8 May 2016 now: Tickets Normal 2016 Time: 1-day pass 11am to 5pm E Venue: SPH News Centre Auditorium 1000 Toa Payoh North, Singapore *****4 .Jr*""" ■i—i m —i. 2-day pass All prices are inclusive of GST. PROPER SEMINAR SH
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  • GOVERNMENT & ECONOMY
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      Lock icon Saudi Arabia to create world’s largest wealth fund
      770 23 It unveils a vast plan to transform its oil-dependent economy and will sell shares in state energy giant Aramco AFP Riyadh SAUDI Arabia said on Monday that it would create the world’s largest wealth fund and sell shares in state energy giant
      AFP; PHOTO: REUTERS  -  770 words
    • Article
      Lock icon China expected to see US$538b capital exodus in ’16
      376 23 REUTERS London GLOBAL investors are expected to pull US$538 billion out of China’s slowing economy in 2016, the Institute of International Finance estimated on Monday, although the pace of outflows has dropped. That number would be down a fifth from the
      REUTERS  -  376 words
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      Lock icon Fed’s scope for summer rate hike widens as ECB signals a hold
      703 23 BLOOMBERG Washington MARIO Draghi has opened a door. Janet Yellen has to decide whether she wants to walk through. The European Central Bank (ECB) president signalled last week that policy on his side of the Atlantic is going
      BLOOMBERG  -  703 words
    • Article
      Lock icon Fire prevention pilot programmes making some progress in Indonesia
      808 23  -  By Jeffrey Hutton btworld@sph.com.sg Jakarta ON A RECENT afternoon in April, Craig Tribolet surveys an expanse of tinder-dry scrub not far outside of the village of Sering in the province of Riau. In October last year, three walls of fires, which
      808 words
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      Lock icon Sales of new homes down for a third month in March
      391 23 LATEST US DATA BLOOMBERG Washington PURCHASES of new homes in the United States unexpectedly declined in March for a third month, reflecting the weakest pace of demand in the west since July 2014. Total sales decreased 1.5 per cent
      BLOOMBERG  -  391 words
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      42 23 2 3 J U N E 1 6 SPH News Centre 9.00am to 5.00pm SME 101 MARKETING BOOTCAMP Trainer: Pamela Wigglesworth EARLY BIRD ENDS 16 MAY 2016 $788 To register or find out more about the bootcamp, visit http://learning.stjobs.sg/ bootcamp STJOBS LEARNING
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  • TRANSPORT
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      1032 25 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10 Jul 15 Jul APL Columbus
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  • OPINION
    • Article
      Lock icon Abe must keep wind behind third arrow to crack Japan’s old habits
      588 26 EDITORIAL OLD habits are hard to crack, and few are tougher than the long-entrenched incumbents at which Japan Prime Minister Shinzo Abe launched his third arrow of structural reforms. The third leg of Mr Abe’s strategy to revitalise
      588 words
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      Lock icon The gender pay gap may not stem from discrimination
      875 26  -  THE BOTTOM LINE By Robert J Samuelson THE WASHINGTON POST WRITERS GROUP Washington THE gender pay gap is back in the news and may become a major issue in the presidential campaign. It seems an open-and-shut case of job discrimination. Women
      THE WASHINGTON POST WRITERS GROUP  -  875 words
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      Lock icon The US primaries: let’s get it over with
      1506 26  -  Under normal conditions the presumptive presidential candidates would have been known By Leon Hadar IT’S around this time in the presidential campaign season when politicos and reporters start referring to the “presumptive” Republican and Democratic presidential candidates and the speculation turns to
      PHOTO: AFP  -  1,506 words
    • Article
      Lock icon Give companies incentives to tackle modern slavery
      997 27  -  COMMENTARY By Monique Villa TThe writer is CEO of the Thomson Reuters Foundation. AS you read this, people around the world are being enslaved. The chains used to deprive them of their freedom are sophisticated: no longer locks and rope, but chains of
      997 words
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      Lock icon To sustain growth, Asia must build resilience to risks
      785 27  -  COMMENTARY By Jiro Tominaga T The writer is principal evaluation specialist, independent evaluation, at Asian Development Bank. ASIA and the Pacific have been powerful drivers of global economic growth and poverty reduction in recent years. However, that position is under strain
      785 words
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      Lock icon China has a fair shot at building the car of the future
      971 27  -  Western firms that are inclined to belittle, or disregard, the rather enormous competition that may be heading their way do so at their own peril. BY SEBASTIAN HEILMANN BY SEBASTIAN HEILMANN T The writer is president of Mercator
      PHOTO: AFP  -  971 words
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  • SME
    • Article
      Lock icon Making digital work for you
      777 28  -  There is no one-size-fits-all or right way to go digital and capitalising on it will require exploration and insight. BY LIRI ANDERSSON, LUDO VAN DER HEYDEN T Liri Andersson is the founder of This Fluid World, a boutique business and marketing consultancy. Ludo van der
      777 words
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      112 28 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
      112 words
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      11 28 T A version of this article first appeared on insead Knowledge.
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  • EMERGING ENTERPRISE 2016
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      Lock icon Lessons for SMEs from startups and the sharing economy
      1325 29  -  Insead dean Ilian Mihov suggests firms can prempt rivals by disrupting themselves. BY MINDY TAN themselves.BY MINDY TAN tanmindy@sph.com.sg @MindyTanBT THERE will come a day in Singapore when you can pick up a bicycle at one rack and return it at
      PHOTO: ARTHUR LEE  -  1,325 words
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      110 29 STAND OUT IN YOUR FIELD With up to S$1.7m worth of prizes, you’ll be able to carve a distinctive niche in your field of expertise. Applications close on 20 May 2016. Apply today at www.EEaward.com Jointly Presented By: Preferred Payment Solutions Partner: Supported By: Innovation Partner: Ofcial Auditor: DON'T HOLD
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  • LIFE & CULTURE
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      Lock icon Philly soul singer Billy Paul dies
      438 30 AFP New York BILLY Paul, a star from the Philadelphia soul scene who won fame with Me and Mrs Jones before drawing controversy with his racially charged politics, died on Sunday. He was 80. Known for his uplifting, mellifluous voice, Paul won a Grammy
      AFP; PHOTO: AFP  -  438 words
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      Lock icon San Francisco is torn as crime situation worsens
      1146 30 City is divided over whether to respond with stronger law enforcement or stick to its forgiving attitudes NYT San Francisco FROM her apartment at the foot of the celebrated zigzags of Lombard Street, Judith Calson has twice peered out of her window
      NYT; PHOTO: NYT  -  1,146 words
    • Article
      Lock icon Fears mount in quake-hit Nepal as tourists stay away
      738 30 AFP Langtang, Nepal FORMER guesthouse owner Tenzing Lama remembers when foreign tourists thronged Nepal’s Langtang valley, trekking through the breathtaking Himalayan wilderness and soaking up the tranquillity. But the massive earthquake that ripped through Nepal one year ago killing almost 9,000
      AFP  -  738 words
    • Article
      Lock icon Queen Elizabeth ‘love’ letter sold for £14,400 at auction
      428 30 AFP London A RARE handwritten letter from a young Queen Elizabeth II telling the story of her romance with Prince Philip before their 1947 wedding has been sold at auction. The note, penned when she was a 21-year-old princess, recounts the
      AFP  -  428 words
  • Page 30 Miscellaneous
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      Lock icon Page 30 Miscellaneous Column 1
      300 30 CRYPTIC CROSSWORD Across 1 Negligent hit-and-run (8) 6 Work in that formal wear (3,3) 9 Food fieldfare split? (6) 10 US soldier with witticism about maiden tacky (8) 11 Frank chasing job that’s exempt from tax (4-4) 12 Death of half followed by a quarter? (6) 13 Reorganised parental duty
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