The Business Times, 27 April 2016

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Total Pages: 26
1 26 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 Wednesday, April 27, 2016
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  • Article
    Lock icon MARKETS
    27 1 Tuesday Change STI 2,894.66 -5.62 KL COMP 1,692.50 -22.01 NIKKEI 225 17,353.28 -86.02 HANG SENG 21,407.27 +102.83 SHENZHEN B 1,124.77 +3.01 DOW (11.45am EDT) 17,953.79 -23.45
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  • Article
    Lock icon DAILY DIGEST
    148 1 Tuesday’s preliminary factory output data for March is prompting some economists to now revise first-quarter growth numbers upwards, while leaving full-year forecasts untouched. Most see a 2 per cent growth. TOP STORIES 2 Just as petrochemical producer Jurong Aromatics Corporation’s receivers were completing talks on a tolling agreement,
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  • Article
    Lock icon Singapore banks’ SME exposure now focus of analysts’ scrutiny
    771 1  -  Debate also continues on whether the banks have seen the worst from oil rout and China worries By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SINGAPORE banks are due to report their first-quarter results this month, and given the weakening economic environment, analysts
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  • Article
    Lock icon Temasek Holdings reorganises to prioritise investment team
    872 1  -  6 investment professionals promoted; sector and market investment teams now under a single investment group By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore TEMASEK Holdings has reorganised its senior management to refocus its investment team to cope with volatile markets. The reorganisation which sees
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      5 1 *****1 *****1 THE BUSINESS TIMES
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      23 1 BANKING ON SOUTH ASIA DBS launches India’s first mobile-only bank COMPANIES MARKETS 6 HIGH-TECH HUB LF Logistics opens S$170m logistics hub TRANSPORT 20
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      118 1 BUKIT BATOK BY-ELECTION Murali unveils manifesto TOP STORIES 4 THE BT LEADERS’ FORUM: SINGAPORE’S FUTURE ECONOMY Inaugural event will feature Finance Minister Heng Swee Keat TOP STORIES 2 SEVEN P A L M S’ S E N T O S A C O V E ill II tUl lSjLlA,\<rAj The
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  • TOP STORIES
    • Article, Illustration
      Lock icon March factory output holds out hope for Q1 GDP
      732 2  -  It beats forecasts and could signal that Singapore manufacturing sector might be bottoming out By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore WHAT a difference a fortnight makes. Just two weeks ago, Singapore’s disappointing gross domestic product (GDP) flash estimates for the quarter
      Source: Singapore Economic Development Board  -  732 words
    • Article, Illustration
      Lock icon BT forum turns focus on new economy
      585 2  -  inaugural event will feature Finance Minister Heng Swee Keat, top-level panels and special survey By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore WITH Singapore at a crucial economic crossroads, The Business Times is organising a timely conference next month for business leaders, to explore how
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    • Article, Illustration
      Lock icon Beleaguered JAC suffers yet another setback
      704 4  -  Last week’s fire that razed one of its storage tanks also destroys all hope of Jurong Island plant restarting soon By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore IT is one setback after another for beleaguered petrochemical producer Jurong Aromatics Corporation (JAC). Just as the firm’s
      Source: Argus Media  -  704 words
    • Article
      Lock icon S’pore in ‘sweet spot’ as politics and policies work constructively together: PM Lee
      670 4  -  Civil service must be neutral and non-political and yet politically sensitive and responsive, he says at Admin Service event By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE civil service, whose primary responsibility is to develop effective policies, must
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    • Article, Illustration
      Lock icon ‘Public consultation’ issue picked up as Murali unveils manifesto
      929 4  -  BUKIT BATOK BY-ELECTION By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore DEPUTY Prime Minister Tharman Shanmugaratnam is perplexed about Singapore Democratic Party (SDP) chief Chee Soon Juan’s recent remarks that Bukit Batok residents ought to be consulted before taxpayers’ funds are committed to
      PHOTO: LIM YAOHUI/ THE STRAITS TIMES  -  929 words
    • Article, Illustration
      Lock icon Swee Say: With population ageing, S’pore must become a manpower-lean economy
      796 4  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore MANPOWER Minister Lim Swee Say says Singapore must become a man-power-lean economy due to its ageing population. The government is trying to spread the mindset of lean enterprises, industry and services because
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    • Article, Illustration
      Lock icon World Bank sees US$41 oil this year, but cuts outlook for other commodities
      1081 5  -  Firming energy prices would be positive for producing countries in Asia and central banks trying to reverse deflation By Anthony Rowley btworld@sph.com.sg Tokyo THE World Bank is raising its 2016 forecast for crude oil prices to US$41
      PHOTO: REUTERS; Source: Temasek  -  1,081 words
    • Article
      Lock icon 1MDB bond default: high-stakes damage not ruled out
      843 5  -  1MDB TWISTS By Pauline Ng btworld@sph.com.sg Singapore BONDHOLDERS and bankers were scrambling to assess the fallout of a bond default triggered after scan-dal-ridden 1MDB failed to meet a coupon payment of US$50 million on its US$1.75 billion notes even as the development
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  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      90 2 Giving Shape to Ideas >'v KONICA MINOLTA “Empathy is my secret selling tool. Putting myself in their shoes, understanding their concerns, and converting them with sincerity and honesty.” CINDY CHUA Sales Konica Minolta Business Solutions Asia X 8 y 7 ■7 7, > W7, V At Konica Minolta, we undertake
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  • Page 3 Advertisements
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      1076 3 Advertising Feature Total Workplace Safety and Health (WSH): The Future of Our Workplace A special feature brought to you by: Workplace Safety and Health Council, Workplace Safety and Health Institute and Ministry of Manpower O Q O 111 111 111 .v r x k\V (A* v The safety, health and
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  • Page 5 Advertisements
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      34 5 Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings
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      Lock icon Page 5 Advertisements Column 2
      279 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;
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  • COMPANIES & MARKETS
    • Article
      Lock icon DBS launches India’s first mobile-only bank
      521 6  -  Bank aims to add five million retail customers over 3-5 years, and take in deposits of about S$10 billion By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore DBS Bank aims to add five million retail customers in India over the next three to five years, and
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    • Article
      Lock icon Untapped potential in contactless payment rests with LTA
      908 6  -  HOCK LOCK SIEW BY JAMIE LEE leejamie@sph.com.sg @JamieLeeBT SINGAPORE will soon see a wider rollout of Apple Pay and other contactless payment services, with DBS, UOB, and tandard Chartered already advertising the Apple Pay service on their websites here. Samsung Pay another
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    • Article
      Lock icon Great Eastern’s Q1 profit down 56% amid volatile markets
      476 7  -  Volatility has affected asset valuation, but investment portfolio, capital position remain strong, says group CEO By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore A WEAKER insurance business amid volatile markets meant that Great Eastern Holdings’ net profit for the three months from January
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    • Article
      Lock icon MCT’s Q4 DPU up 1%
      613 7  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore MAPLETREE Commercial Trust (MCT) reported a one per cent rise in distribution per unit (DPU) to 2.02 Singapore cents for the fourth quarter ended March 31. For the full fiscal year, its DPU rose 1.6 per cent to 8.13
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    • Article
      Lock icon PLife Reit Q1 DPU falls in absence of one-off distribution
      281 7  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore PARKWAY Life Reit’s distribution per unit (DPU) for the first quarter ended March 31, 2016, fell 7 per cent to 2.99 Singapore cents, from the previous corresponding period’s 3.21 Singapore cents, which included a
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    • CORPORATE DIGEST
      • Article
        Lock icon Sembcorp Marine
        93 7 SEMBCORP Marine said on Tuesday that its unit PPL Shipyard will pursue its claim against Marco Polo Marine the guarantor of a disputed rig-construction contract between PPL and Marco Polo Drilling (I) (MPD) either by way of an appeal against the High Court’s stay of action or through
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      • Article
        Lock icon QAF
        44 7 GARDENIA bread maker QAF posted a 25 per cent rise in net profit to S$16.4 million for the first quarter, despite revenue sliding 2 per cent to S$250.9 million. Earnings per share came in at 2.9 Singapore cents, up from 2.4 Singapore cents.
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      • Article
        Lock icon Soilbuild Construction Group
        34 7 SOILBUILD Construction Group’s Q1 revenue rose 45.6 per cent to S$102.51 million. But lower gross margins and foreign exchange losses contributed to net profit dropping 10.5 per cent to S$3.97 million.
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    • Article
      Lock icon New Magnus major shareholder supports current board: CEO
      555 8  -  Minority shareholders unhappy with “relentless issuance of convertible notes” seek to oust board at Friday EGM By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore MINORITY shareholders of Magnus Energy who are trying to oust the company’s current directors expect to lose the fight after
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    • Article
      Lock icon Trek 2000’s auditors lodge report with ACRA
      424 8  -  Firms says it will convert its current trading halt into a voluntary suspension By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE auditors of thumb drive maker Trek 2000 International have lodged a report with the Accounting and Corporate Regulatory Authority (ACRA) that may be
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    • Article
      Lock icon Singtel unveils institute to train firms in cybersecurity skills
      542 8  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SINGAPORE Telecommunications (Singtel) on Tuesday unveiled the Singtel Cyber Security Institute (CSI), a first-of-its-kind cyber range and educational institute in the Asia-Pacific that trains companies to deal with sophisticated cyber threats. Singtel’s CSI launch comes
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    • Article, Illustration
      Lock icon STI / Catalist
      62 10 STI Catalist straits Times index April 26,2016 2,894.66 -5.62 (-0.19%) Current streak 3 days Day high 2,899.79 Day low 2,873.52 52-week high 3,515.85 (Apr 27, 2015) 52-week low 2,532.70 (Jan 21,2016) FTSE ST Catalist index April 26,2016 452.91 0.03 (0.01%) Current streak 1 day Day high 455.11 Day low 450.25
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    • Article, Illustration
      Lock icon STI’s correction runs into third day
      629 10  -  Index’s 5.6-point fall was led by the three banks ahead of their release of first-quarter results STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index’s correction from a five-month high of 2,960 last Thursday extended into a third consecutive day on Tuesday when
      Source: Bloomberg  -  629 words
    • Article
      Lock icon STI STOCKS
      320 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 249 +3 249/245 267 209 5.9 6544.9 CapitaCom Trust 145 -1 146/143 171.5 122.5 5.9 4285.2 CapitaLand 311 xd +2 311/307 379 267 12.4 2.9 *****.9 CapitaMall Trust 214 +5 215/209 225
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    • Article
      Lock icon MOST ACTIVE
      36 10 VOLUME ISR Capital 60,952,900 Ezra 30,018,200 Imperium Crown 27,273,800 SIIC Environment 26,016,100 RickmersMaritime 25,583,800 Market volume 1,158,651,000 VALUE Singtel 82,805,818 DBS Grp 82,575,857 OCBC Bank 55,807,943 UOB 49,321,177 Keppel Corp 38,006,238 Market value 985,962,000
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    • Article
      Lock icon SGX ETFS
      113 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 291 +1 263 292/289 354/254 291/292 Nikko AM STI ETF 298 +2 108 298/294 360/259 296/297 7.2 IS MS INDIA US$ US678 +13 92 678/665 780/575 677/680 84.8 DBXT MSPHILS US$ US194.8 -0.6 90
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      75 10 Apr 26 VALUE CLOSE BT OB/OS -1.00 -56.00 BT CADI -*****.00 -11.00 BT 10-day MA -*****.00 FTSE ST Mid Cap 697.71 -2.11 FTSE ST Small Cap 398.65 FTSE ST All Share 705.95 -2.28 FTSE ST China Top 167.43 -0.30 FTSE ST China 200.27 +0.76 FTSE ST Catalist
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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 26,2016 705.95 -2.28 (-0.32%) Current streak 3 days Day high 706.84 Day low 701.87 52-week high 845.70 (Apr 27, 2015) 52-week low 625.37 (Jan 21, 2016)
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      Lock icon STI / MSCI EAFE
      33 10 STI MSCI EAFE MSCI EAFE index April 25,2016 1,699.75 -3.52 (-0.21%) Current streak 2 days Day high 1,704.43 Day low 1,693.99 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 8 4 3 0 0 1 8 4 4 Manufacturing 38 40 22 7 10 11 45 50 33 Commerce 15 19 13 4 7 4 19 26 17 Tpt/Stor/Comms 16 12 7
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,220 1,948 21,168 68,809 411 69,220 Manufacturing 113,805 22,791 136,596 105,996 3,948 109,944 Commerce 47,210 19,639 66,849 80,987 649 81,636 Tpt/Stor/Comms 108,268 430 108,698 140,586 36 140,622 Finance 79,387 20 79,407 204,598 3 204,600 Construction
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    • Article
      Lock icon GAINERS
      78 10 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 23.0 0.1 *****/***** DBXT iBoxxIDR US$ 1056 21.6 1.5 1056/844 DBS Bk 4.7% NCPS ***** 20.0 0.2 *****/***** IS MS INDIA US$ 678 17.6 2.0 780/575 Shanghai Turbo 106 11.0 11.6 110/71 BY PERCENTAGE CLOSE UP 52w high/low LifeBrandz 0.4
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    • Article
      Lock icon LOSERS
      74 10 BY CENTS CLOSE DOWN 52w high/low JMH USD 5710 -140.6 -1.8 6272/4500 JSH USD 2960 -89.2 -2.2 3544/2524 DBXT Nifty50 ETF10 ***** -33.8 -0.2 *****/***** DBXT MSINDO us$ 1277 -31.1 -1.8 1477/911 DBXT China50 US$ 2804 -25.7 -0.7 4258/2355 BY PERCENTAGE CLOSE DOWN 52w high/low Infinio 0.1 -83.3 -0.5
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    • Article
      Lock icon UNUSUAL ACTIVITY
      85 10 VOL CLOSE($) CHANGE MSC 149.9 0.880 +0.065 +7.98 Mun Siong Engg 646.1 0.079 +0.011 +16.18 Anchun Intl 395.0 0.044 -0.005 -10.20 China Jishan 10.0 0.025 -0.005 -16.67 Shanghai Turbo 59.7 1.060 +0.110 +11.58 Multi-Chem 24.6 0.495 +0.045 +10.00 LifeBrandz 1,000.2 0.004 +0.002 +100.00 Lorenzo Intl 2,787.2 0.022 +0.002
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    • BROKERS’ TAKE
      • Article
        Lock icon DeClout Limited Buy
        186 10 Target price: S$0.34 April 26 close: S$0.196 NRA Capital, April 26 We see DeClout as an exciting high return/high risk investment opportunity. DeClout is seeking the approval of its shareholders to list its subsidiary Procurri and in the process reduce its effective stake from 69 per cent
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      • Article
        Lock icon Raffles Medical Group Sell
        124 10 Target price: S$4.23 April 26 close: S$4.58 CIMB, April 25 Propelled by a full quarter’s contribution from International SOS (ISOS), 1Q16 revenue rose a strong 23 per cent yoy to S$116.9m. But increased recruitment activity and a loss-making ISOS meant 1Q’s net profit increased at a
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      • Article
        Lock icon SMRT Hold
        164 10  -  Compiled by Melissa Tan Target price: S$1.51 April 26 close: S$1.49 OCBC Investment Research, April 26 SMRT announced on Monday that its internal investigation showed that a vital safety measure which could have prevented the fatal accident on March 22, 2016 was not applied but reasons were not
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    • Article
      Lock icon CALENDAR
      11 10 DATA IApril 27 S’pore Macroeconomic Review US MBA Mortgage Applications
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    • Article
      Lock icon Yen up ahead of BOJ, Fed policy decisions
      392 11 CURRENCIES REUTERS London THE yen rose on Tuesday, moving away from lows of several weeks against the US dollar and euro as prospects of further monetary stimulus this week from the Bank of Japan remained unclear. With policy decisions from the Federal
      REUTERS  -  392 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 11
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Apr 26 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.978 5.024 0.686 6.002 51.529 102.180 0.858 8.887 3.037 1.123 81.098 36.179 1.046 11.199 0.754 25.012 27.218 0.532 0.774 Canada 1.022 5.136
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 11
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      • Article, Illustration
        Lock icon DOW JONES
        2 11
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        Lock icon NIKKEI
        1 11
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Apr 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0458 1.0469 0.7736 0.7740 Canadian dollar 1.0691 1.0703 0.7913 0.7909 Euro 1.5244 1.5259 1.1277 1.1281 NZ dollar 0.9308 0.9319 0.6886 0.6890 Sterling pound 1.9650 1.9665 1.4536 1.4539
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Apr 26 S$ Bid Offer 1-month 1.3529 1.3538 2-months 1.3536 1.3546 3-months 1.3538 1.3549 6-months 1.3562 1.3574 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        215 11 Most active Apr 26 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****5 5.3 0.2 ***** 0.1 1600 3 STI 2850 MB ePW*****0 5.1 -0.4 8159 0.0 2 OCBC Bk MB eCW*****3 7.4 0.1 7046 0.1 900
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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 25 Index Change Change Change Change Change Change World Preliminary 1268.6 -0.6 -0.7 -0.5 -3.8 -0.4 1.0 EAFE Preliminary 967.7 -0.5 -4.5 -0.3 -5.7 -0.2 -1.0 Europe Preliminary 1364.9 -0.7 -3.4
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        396 11 Apr 26 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Apr16 9567.50 9695.00 9550.00 9660.00 *****9 *****8 May16 9555.00 9685.00 9545.00 9647.50 *****1 *****7 NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 ***** *****6 Sep16 *****.00 *****.00 *****.00 *****.00 80 678 MSCI TAIWAN
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 Apr 26 $S Offer Bid 0vernight 0.20 0.10 1-month 0.7500 0.6250 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: 0.10 US$ 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
        67 11 Apr 26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 98.93 98.98 98.94 5-Year NX*****X 2.250 01-Jun-21 102.54 102.68 102.60 10-Year NX*****Z 2.375 01-Jun-25 102.7 102.90 102.90 15-Year NZ*****F 2.875 01-Sep-30 105.21 20-Year NZ*****V 3.375 01-Sep-33 112.04 112.20 112.20
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 11 Apr-25 Price Net change change Last Trade Agricultural Apr-25 CBOT Soybeans (US cents/bu) 999.75 12.75 1.29% 13/05/2016 CBOT Soybean Oil (US cents/lb) 33.90 -0.09 -0.26% 13/05/2016 CBOT Wheat (US cents/bu) 471.25 4.25 0.91% 13/05/2016 Apr-25 LIFFE Cocoa (£/tonne) 2266.00 -4.00 -0.18% 13/05/2016 LIFFE Coffee (US$/tonne) 1535.00 11.00 0.72%
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    • Article
      Lock icon SGX MAINBOARD
      1804 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High 153 127 AIMSAMP Cap Reit 135.5 -1.5 100 136.5 135.5 1 8.2 860.9 LOW 175.5 101 ARA Asset Mgmt 119.5 unch 596 122 118.5
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    • Article
      Lock icon SGX CATALIST
      360 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale vol (’000) High Day LOW 16.2 4.5 t Alliance Mineral 6.5 unch 2364 6.6 6.5 25.6 C'vr 19.9 8.3 t Anchor Resources 12 +0.3 4359 12.1 11.5 33.6
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    • Article
      Lock icon SGX ETF
      120 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1019 700 CIMBASEAN40 US$ US849 -6 0 849 849 133.2 4258 2355 DBXT China50 US$ US2804 -19 4 2804 2803 7.7 High 399 190 DBXT MSBrazil US$ US302
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      157 6 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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    • Advertisement
      Lock icon Page 6 Advertisements Column 2
      27 6 Relocating your soon? office Don’tleaveyourcustomerbehind! Place a notice advertisement to inform your customers of your new business address. Call us at 1800 289 8822 or email notices@sph.com.sg.
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      284 7 EnternriseHlT201B 31 May -3 June 2016 Basement 2, Level 1 And 3 Marina Bay Sands, Singapore WWW.gotO-enterpriselT.com Marina Bay Sands, TRANSFORM YOUR BUSINESS WITH SMARTER SOLUTIONS EnterpriselT2016 is recognised as Asia's leading sourcing platform for the latest innovations and business solutions. Learn and source for the latest technologies from Cloud
      284 words
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      Lock icon Page 7 Advertisements Column 2
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  • Page 8 Advertisements
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      221 8 I FACILITIES MANAGEMENT SOLUTIONS EXPO 2016 LEADING REGIONAL FACILITIES MANAGEMENT EXHIBITION BUILDING INFRASTRUCTURE FACILITIES MISSION CRITICAL FACILITIES m LEISURE TOURISM FACILITIES TRANSPORT PUBLIC FACILITIES r i m m 49 'r. m I 26-28 April 2016 Sands Convention and Exhibition Centre, Hall A Join the region's key industry experts in the
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  • Page 12 Advertisements
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      73 12 SGX Academy Sharpen your investment acumen through classroom and online courses. For more information, visit sgx.com/academy Singapore Exchange This advertisement has been published for general information only. It is not an offer or solicitation to buy or sell, nor financial advice or recommendation in relation to, any nvestment product. The
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Prince’s old villa in Spain unsold after 2 years
      677 14 It is still on the market as buyers are gravitating towards more elegant homes in exclusive areas of Marbella BLOOMBERG Marbella A VILLA once owned by music legend Prince in a millionaires’ enclave near Marbella in southern Spain has yet to
      BLOOMBERG; PHOTO: ENGEL & VOLKERS  -  677 words
    • Article
      Lock icon Reason to be sceptical about China’s rebound in residential investment
      445 14 BLOOMBERG Beijing AT FIRST glance, it makes perfect sense: Chinese property sales surged in March, and new housing developments rose in tandem with resale activity. But a peek under the hood from Macquarie Capital Ltd analysts led by Ian Roper
      BLOOMBERG  -  445 words
    • Article
      Lock icon Australian property obsession becomes election battleground
      491 14 Tax law on negative gearing poised to be key issue for voters in election tipped for early July BLOOMBERG Sydney AUSTRALIANS’ obsession with property has moved from dominating conversations by the barbecue to potentially helping decide its next government. A popular tax law that
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      Lock icon 30 Chelsea Barracks homes in London sold at £4,500 psf
      279 14 BLOOMBERG London QATARI Diar Real Estate Investment Co has sold almost 30 homes at its US$4.3 billion Chelsea Barracks project in London before the properties are offered to the wider market later this year, according to a person with knowledge
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      69 14 Hong Fok Group 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
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      83 14 2 r c ASIA 20 16 29 JUNE -1 JULY Level 1, Hall A, Sands Expo Convention Centre Marina Bay Sands, Singapore TOTAL SOLUTIONS FOR ALL YOUR OFFICE NEEDS s Free'admission, register now! www.OfficExpoAsia.com/reg2 Organised By BIZLINK WORKSPACE DESIGN ERGONOMICS OFFICE ESSENTIALS r 4 TRADE BUYERS J ONLY! INTERESTED TO
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      44 14 2 43 Vocational Training Consultancy Services Food Beverages Culinary Arts Retail Management Academic Programme Digital Technology Hotel Management Hospitality Travel Management Language Point of Sales System Software Solutions for MSEs (Micro Small Enterprises) Enterprise Resource Planning) TO EXHIBIT: S* +65 6319 4021 or mtde@sph.com.sg
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Swift warns of several cyber fraud incidents
      791 15 Global financial network releases security update to software that banks use to access its network to thwart malware that was probably used in Bangladesh Bank heist REUTERS Boston SWIFT, the global financial network that banks use to transfer billions of dollars every day,
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      Lock icon Standard Chartered Q1 profit down 64%
      502 15 BLOOMBERG London STANDARD Chartered Plc reported a 64 per cent drop in first-quarter profit as revenue fell in every business line. Pre-tax adjusted profit was US$539 million for the first three months of 2016, down from US$1.5 billion a year earlier, the Lon-don-based bank
      BLOOMBERG; PHOTO: REUTERS  -  502 words
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      Lock icon National Bank of Panama mulls over opening New York branch
      308 15 REUTERS Panama City THE National Bank of Panama (Banconal) said on Monday that it will consider a proposal to open a correspondent bank in New York, a move that could help the country’s financial sector, which has come under close
      REUTERS  -  308 words
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      1744 15 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices UNITED FOOD HOLDINGS LIMITED (Incorporated in Bermuda as an exempted company limited by shares) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of UNITED FOOD HOLDINGS LIMITED (the “Company”) will be held at Whitley Room,
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Futures trading on Chinese commodities heats up
      504 16 Intensity has prompted exchanges in Shanghai, Dalian and Zhengzhou to boost fees or issue investor warnings BLOOMBERG Shanghai THE intensity of futures trading on Chinese commodities exchanges is making some of the world’s most liquid markets look leisurely. Trade in everything from steel
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    • Article, Illustration
      Lock icon Utilities drawing down funds to decommission nuclear plants
      749 16 BLOOMBERG Vienna CENTRAL banks may accomplish what a generation of anti-nuclear activists have failed to do: Force operators to finally decommission almost 150 plants now sitting in limbo across the globe. The plants have been shut down, either because they’re too expensive
      BLOOMBERG; PHOTO: BLOOMBERG  -  749 words
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      Lock icon India to cut dependence on coal imports
      291 16 BLOOMBERG New York INDIA has some bad news for the world’s struggling miners: It does not want foreign coal. “I’m trying to find new reserves so I can remove my dependence on imports,” the country’s coal and power minister Piyush Goyal said in
      BLOOMBERG  -  291 words
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      1855 16 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices (Company Registration No. *****2850E) (Incorporated in the Republic of Singapore with limited liability) (Singapore stock code: BMA) (Hong Kong stock code: 1570) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (the “AGM”) of Weiye Holdings
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  • TECHNOLOGY
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      Lock icon Powermat’s charging technology not taking off
      422 17 While it is being used in phones, cars and cafes, widespread adoption remains elusive BLOOMBERG Jerusalem WHEN he started Powermat Technologies Inc in 2006, Ran Poliakine envisioned a cordless future where millions of consumers would watch television, charge their phones and power up their
      BLOOMBERG  -  422 words
    • Article
      Lock icon Alibaba unit raises record US$4.5b to fund growth
      284 17 BLOOMBERG Beijing ALIBABA Group Holding Ltd’s finance affiliate has raised a record US$4.5 billion from a consortium of powerful state-backed investors to bankroll its global expansion. The new funding marked the technology industry’s single largest round of private financing and surpassed an
      BLOOMBERG  -  284 words
    • Article
      Lock icon Xerox Q1 revenue falls on lower printer sales
      327 17 REUTERS New York XEROX Corp reported a 4.2 per cent fall in quarterly revenue, hurt by lower sales of printers and copiers, and said that it expects to incur about US$100 million in restructuring costs in the second quarter. The company’s shares
      REUTERS  -  327 words
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      81 17 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
    • Article
      Lock icon China bars vaccine sales after scandal
      286 18 REUTERS Beijing CHINA has banned drug wholesalers from selling vaccines, state media said on Monday, after a scandal in which about US$90 million worth of improperly stored vaccines was suspected of being sold illegally in dozens of provinces. China is pushing ambitious healthcare reforms
      REUTERS  -  286 words
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      Lock icon Costa Coffee owner Whitbread sticks to expansion plans as profit grows
      379 18 CEO believes there’s still more momentum left in UK coffee drinking market REUTERS London WHITBREAD plc, an operator of hotels, restaurants and coffee shops, stood by its expansion plans in the United Kingdom and international markets, after posting a
      REUTERS; PHOTO: REUTERS  -  379 words
    • Article
      Lock icon Even shopaholic Brazilians may not be able to sustain mall rally
      919 18 BLOOMBERG Sao Paulo THINK twice before chasing the rally in Brazilian mall stocks. That is the message from analysts surveyed by Bloomberg, who overwhelmingly advise against adding to investments in developers such as Multiplan Empreendimentos Imobiliarios SA, Iguatemi Empresa
      BLOOMBERG  -  919 words
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      Lock icon Learning to do fun, Finns seek to overcome Soviet export legacy
      507 18 BLOOMBERG Helsinki SUUNTO’S sports watches have scaled the highest peaks and dived the biggest depths, helping boost the value of parent company Amer Sports Oyj along the way. The growing global reach of these award-winning timepieces is a bright
      BLOOMBERG; PHOTO: AFP  -  507 words
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      541 18 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices GLL IHT PTE. LTD. (Incorporated in the Republic of Singapore) (UEN/Company Registration No. *****0473D) S$3,000,000,000 Multicurrency Medium Term Note Programme Unconditionally and irrevocably guaranteed by (Incorporated in the Republic of Singapore) (UEN/Company Registration No. *****0660W) NOTICE OF REDEMPTION TO HOLDERS OF
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      142 18 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF SCHNELL MOTOREN SINGAPORE PTE. LTD. (In Members' Voluntary Liquidation) Reg. No. ***** 5479R NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant tc Section 308 of the Companies Act, Cap 50, the Final Meeting of
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      386 18 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF SHAWS ENRICHMENT SERVICES PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****8584D NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DULY CONVENED AND DEEMED HELD ON THE
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  • GOVERNMENT & ECONOMY
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      Lock icon Non-graduate Americans return to workforce in larger numbers
      795 19 Trend points to broadening of economic growth but can also keep wage growth subdued and stop Fed hike REUTERS Raleigh AMERICANS with a high school education or less are returning to the labour force in larger numbers, a trend that points to
      REUTERS; PHOTO: AFP  -  795 words
    • Article
      Lock icon Japan eyes more foreign workers, challenging immigration taboo
      522 19 REUTERS Tokyo DESPERATELY seeking an antidote to a rapidly ageing population, Japanese policymakers are exploring ways to bring in more foreign workers without calling it an “immigration policy”. Immigration is a touchy subject in a land where conservatives prize cultural homogeneity and
      REUTERS  -  522 words
    • Article
      Lock icon Balance of power key for regional peace: Vivian Balakrishnan
      591 19  -  By Anthony Rowley btworld@sph.com.sg Tokyo RECENT developments in the South China Sea have created tensions, but confrontation is not inevitable provided a balance of power can be kept among major nations of the region, Singapore’s Minister for Foreign Affairs Vivian Balakrishnan
      591 words
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      Lock icon Rebound in durable-goods orders below expectations
      498 19 LATEST US DATA REUTERS Washington ORDERS for long-lasting US manufactured goods rebounded less than expected in March. Slumping demand for automobiles, computers and electrical goods suggests that the downturn in the factory sector was far from over. The Commerce Department said on Tuesday that
      REUTERS; PHOTO: BLOOMBERG  -  498 words
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      42 19 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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      34 19 “An enjoyable path to understand the world’s fastest rising new great power.” PROFESSOR KISHORE MAHBUBANI dean of the Lee Kuan Yew School of Public Policy Now on sale at all major bookstores and www.stpressbooks.com.sg
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  • TRANSPORT
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      Lock icon Divisive meeting should not distract IMO from emissions goal
      1085 20  -  STRAIT TALK By DAVID HUGHES AS mentioned in last week’s column, important talks were taking place at the International Maritime Organization (IMO) in London. Among other topics, the UN agency’s Marine Environment Protection Committee (MEPC) considered a proposal to move towards
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      Lock icon LF Logistics opens S$170m logistics hub in Jurong West
      534 20  -  By Grace So graceso@sph.com.sg LF Logistics on Tuesday opened its largest distribution facility in South-east Asia a S$170 million, one-million-square-foot logistics hub in Jurong West. The nine-storey, multi-tempera-ture facility, the largest automated and customs bonded warehouse in Singapore, is equipped with
      534 words
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      48 20 IT'S ADMINISTRATIVE PROFESSIONALS DAY SHOW APPRECIATION TO YOUR ADMINISTRATIVE COLLEAGUES. Whether you are a supervisor or a colleague, send your thank you note for your admin to admin@stjobs.sg, along with your company details and 20 administrative professionals will get a $30 gift each. STJOBS I O 1 V
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      1775 21 THE BUSINESS TIMES rrm Shipping times C a i l a n E n n o r e J e d d a h B r Shanghai Chittagong Ho Chi Minh i s b a n e J e b e l A l i H o NYK RORO (ASIA)
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      245 21 ENG LEE SHIPPING CO PTE LTD Tel: *****222 (10 Lines) Fax: *****174/*****960 Website: www.englee.com.sg/Email: marketing@englee.com.sg CR No: **********0C REGULAR FEEDER SERVICES TO INDONESIAN (DE1) VESSEL VOY SIN ETA SIN ETD DESTINATION FREQUENCY Marco Polo 188 PRW197 28/04/2016 29/04/2016 Pelindo/Perawang DAILY Marco Polo 294 PRW089 28/04/2016 29/04/2016 Perawang/Perawang DAILY Marco Polo
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  • OPINION
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      Lock icon Launching trade wars will lead to job losses, not job creation
      557 22 EDITORIAL THERE is general agreement that one of the major driving forces behind the rising populist tide in the industrialised nations has been the growing perception among voters that trade competition from China and other emerging economies is responsible
      557 words
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      Lock icon Judge US presidential candidates by economic policy skills
      888 22  -  THE BOTTOM LINE By Paul Krugman NYT BACK in 2008, one of the advertisements that Hillary Clinton ran during the contest for the Democratic nomination featured an imaginary scene in which the White House phone rings at 3 am with news of
      NYT  -  888 words
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      Lock icon The top error firms make in a downturn
      1141 22  -  If they want to remain resilient, Singapore companies must avoid allowing something as controllable as staff engagement to dip during harsh business conditions. BY LEONG CHEE TUNG BY LEONG CHEE TUNG T The writer is a co-founder of local startup EngageRocket.co and
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      Lock icon G-5 meeting focuses on Libya and ISIS terrorism
      1025 23  -  COMMENTARY By Andrew Hammond TThe writer is an Associate at LSE IDEAS (the Centre for international Affairs, Diplomacy and Strategy) at the London School of Economics. BARACK Obama, David Cameron, Angela Merkel, Francois Hollande and Matteo Renzi met in Hannover on Monday
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      Lock icon Money – a crucial indicator for measuring monetary policy effectiveness
      853 23  - Money a crucial indicator for measuring monetary policy effectiveness COMMENTARY By Enam Ahmed T The writer is senior economist, Thematic Research, at Standard Chartered. AMID the hubbub over the European Central Bank’s (ECB) stimulus measures in March, an important question got lost: How will anyone know if or when monetary
      853 words
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      Lock icon Board’s role inextricable from good stewardship
      1131 23  -  In fulfilling that role, each board member must make a commitment to the sound custody of the company on behalf of all stakeholders.BY ONG BOON HWEE stakeholders.BY ONG BOON HWEE T The writer is CEO of Stewardship Asia Centre, a Singapore-based thought-leadership centre committed
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  • LIFE & CULTURE
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      Lock icon Germany’s Glashuette is beating Switzerland
      1036 24 Its watchmaking industry produced more than 32,000 watches last year, according to analyst estimates BLOOMBERG Zurich THE German village of Glashuette doesn’t look like much: just a handful of streets stretching up and down a narrow valley from a bare station platform, where trains depart
      BLOOMBERG; PHOTOS: BLOOMBERG  -  1,036 words
    • Article
      Lock icon HK’s Filipino domestic workers vote to clean up back home
      512 24 AFP Hong Kong TWERKING, selfie-taking, picnicking and performing impromptu dance routines Hong Kong’s 180,000-strong community of Filipino workers fill the city’s public spaces on Sundays, their day off, to relax and party. But for the past few weeks the colourful
      AFP  -  512 words
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  • Page 24 Miscellaneous
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      335 24 CRYPTIC CROSSWORD Across 1 Doesn’t win seat, getting upset in state of utter perplexity (2,4,4,3) 10 American friend seen around university most of the time (7) 11 Calls to return to paths of virtue? (5,2) 12 Quiet place for entertainment (4) 13 Last in in the river (5) 14 Present
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  • EXECUTIVE MONEY
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      Lock icon For Gross, Pimco is an obsession
      1129 25 Beating his ex-employer in performance is what the fund manager is most concerned about to prove that firing him was a mistake NYT Newport Beach, California SITTING in the conference room of his empty office suite, with its floor-to-ceil-ing wall of windows, William H
      NYT; PHOTO: NYT  -  1,129 words
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      305 25 Live it up while saving up Relax in style with a free hotel stay Get up to 1.60% p.a.* and more with Maybank Prestige Savings Account As someone who appreciates value, you will know that wealth takes time to accumulate. As a Premier Wealth Client, our Prestige Savings Account allows
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  • EXECUTIVE MONEY
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      Lock icon Chinese hedge fund manager takes on big boys
      1234 26 Liang Jian speaks up for minority shareholders as he tries to block Chinese companies from buying back all of their US-listed shares on the cheap BLOOMBERG New York ACTIVIST investing isn’t a thing in China. It’s culturally frowned upon to be that
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,234 words
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      103 26 SELL 74ft :*am THERE'S BEING ALERT ABOUT THE MARKETS AND THER BEING AL TO MARK MOVES Set alerts on over 10,000 markets for price, market movements, events and technica analysis direct to your mobile. Get more than just a trading platform at IG.com 1.***** 1.***** Losses can exceed deposits IG.com.sg
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