The Business Times, 28 April 2016

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Microfilm: NL33830
Total Pages: 24
1 24 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 Thursday, April 28, 2016
    22 words
  • Article
    Lock icon MARKETS
    28 1 Wednesday Change STI 2,874.72 -19.94 KL COMP 1,692.34 -0.16 NIKKEI 225 17,290.49 -62.79 HANG SENG 21,361.60 -45.67 SHENZHEN B 1,123.45 -1.31 DOW (11.45 AM EDT) 17,999.60 +9.28
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  • Article, Illustration
    Lock icon DAILY DIGEST
    229 1 A coalition of independent Chinese refiners with fresh crude oil import quotas in hand is planning to buy crude oil through a trading office here. TOP STORIES 2 Uber offers a new feature that enables drivers to indicate where they are headed, so the app can find them
    229 words
  • Article, Illustration
    Lock icon Labour pains flagged in central bank’s macroeconomic review
    812 1  -  It sees wage growth softening to 2.5-3% and rising resident unemployment rate this year MAS MACRO REVIEW By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore WEAKNESS in the labour market came to the fore in Singapore central bank’s twice-yearly review of macroeconomic conditions, with
    Source: Monetary Authority of Singapore  -  812 words
  • Article, Illustration
    Lock icon Blackstone to buy into three Sime Darby properties worth S$300m
    750 1  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore PRIVATE equity giant Blackstone is understood to be stitching a deal to buy a majority interest in three Singapore properties owned by Sime Darby. It is expected to take a stake of about 75
    PHOTO: YEN MENG JIIN; PHOTO: ARTHUR LEE  -  750 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon China’s ‘teapot’ refiners bolster presence in S’pore
      986 2  -  Group of 17 firms has combined crude import quota of 60m tonnes and refining capacity of 70m tonnes By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore THERE’S a new force to be reckoned with in the oil trading sector in Singapore: A coalition of independent
      PHOTO: ANDREA SOH  -  986 words
    • Article, Illustration
      Lock icon Singapore sees broader weakening in economic activity
      607 2  -  MAS MACRO REVIEW By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE global economic outlook has dimmed from six months ago, and this discernible weakness in growth expectations will weigh on Singapore’s GDP this year more broadly than before, said the Monetary Authority of Singapore
      Source: MAS  -  607 words
    • Article, Illustration
      Lock icon Muhammad Ibrahim takes over from Zeti
      705 2  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur MUHAMMAD Ibrahim has been appointed the next governor of Bank Negara Malaysia (BNM) with effect from May 1 taking over from Zeti Akhtar Aziz, who retires at the end of April after helming the central bank for 16
      banking experience. PHOTO: STAR PUBLICATIONS (M) BERHAD  -  705 words
    • Article, Illustration
      Lock icon Campaigning in full swing as PAP, SDP cross swords
      879 3  -  Murali Pillai and Chee Soon Juan get the green light to contest the May 7 poll for the single-seat ward BUKIT BATOK BY-ELECTION By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE two contenders for the vacant Bukit Batok seat Murali Pillai of
      PHOTO: ELECTIONS DEPARTMENT  -  879 words
    • Article
      Lock icon Uber helps its drivers to earn fares even on that last home-bound trip
      358 3  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore IN another first in Singapore, Uber on Wednesday introduced a new feature which will enable drivers to indicate where they are headed, so the app can find them trips that are
      358 words
    • Article, Illustration
      Lock icon The tripartite way to beat economic blues
      611 4  -  Swee Say urges parties to repeat past successes; SNEF head Yap says companies must become manpower-lean By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore AHEAD of May Day, Manpower Minister Lim Swee Say and Singapore National Employers Federation (SNEF) president Robert Yap on Wednesday
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    • Article, Illustration
      Lock icon Trump, Clinton closer to election showdown after massive wins
      680 4 NYT Washington DONALD Trump and Hillary Clinton barrelled towards a general election showdown on Tuesday night as they dominated primaries in Pennsylvania, Maryland and other Eastern states, piling up enough delegates to close in on their parties’ nominations. Looking past their
      NYT; PHOTOS: AFP  -  680 words
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      Lock icon Page 3 Advertisements Column 1
      741 3 Standard Chartered Priority m V< Maximising your wealth potential is our priority too. Timely access to market insights helps you make informed decisions. Manage your wealth by tapping into our global expertise, comprehensive range of wealth solutions, and expert team of specialists. Be rewarded when you start a Priority Banking
      741 words
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  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      672 4 BT Infographics 1MDB’s dangerous game of poker 1Malaysia Development Berhad’s (1MDB) spat with Abu Dhabi’s International Petroleum Investment Company (IPIC) led to some risky, tit-for-tat hardball tactics by the troubled firm, culminating in the most dreaded outcome on Tuesday a default on a US$1.75 billion bond interest payment, triggering cross
      672 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Take the twist out of ‘death spiral’ convertibles
      1060 5  -  HOCK LOCK SIEW BY KENNETH LIM kenlim@sph.com.sg @KennethLimBT THE so-called “death spiral” convertible bonds that lie at the heart of the proxy battle at Magnus Energy may be a wake-up call for all stakeholders. Regulators must ensure that the holders of such
      1,060 words
    • Article
      Lock icon First Sponsor’s Q1 profit rises 14%
      626 5  -  Problematic loans weigh down margins even as revenue surges 260% By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore FIRST Sponsor Group on Wednesday reported a 14 per cent year-on-year rise in net profit to S$ 12.23 million in the first quarter ended March 31,2016, despite a
      626 words
    • Article, Illustration
      Lock icon Far East H-Trust warns of challenging operating environment
      513 5  -  The Reit manager is also expecting more hotels to open in 2016 By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore FAR East Hospitality Trust (Far East H-Trust) chalked up a slightly higher distribution of 1.08 Singapore cents in Q1FY16 but warned that the local
      FILE PHOTO  -  513 words
    • Article
      Lock icon SembMarine expects protracted O&M down-cycle
      685 6  -  Q1 profit dives 48.2% to S$54.83m amid sharp fall in turnover and gross profit margin By hweetan@sph.com.sg Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore SEMBCORP Marine is expecting the down-cycle in the offshore marine industry to be more protracted than in previous cycles. The offshore marine
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    • Article
      Lock icon Higher rents, new properties lift Ascendas India in Q4
      482 6  -  By leemx@sph.com.sg Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore RENT increases, higher average portfolio occupancy and new acquisitions boosted Ascendas India Trust’s fourth-quarter performance. The business trust, which owns six IT business parks in India, on Wednesday reported an 8 per cent increase
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    • Article
      Lock icon AA Reit posts higher Q4 DPU; warns of pressure on rents
      502 6  -  Focus is to maintain good tenant relationships, says industrial landlord By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore DISTRIBUTION per unit (DPU) at AIMS AMP Capital Industrial Reit (AA Reit) for the fourth quarter ended March 31 rose one per cent
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    • CORPORATE DIGEST
      • Article
        Lock icon Sheng Siong Group
        78 6 SUPERMARKET operator Sheng Siong Group on Wednesday reported a first-quarter net profit of S$16.4 million, up 16.8 per cent from the corresponding period last year, as revenue grew 5.1 per cent year on year to S$208.5 million for the three months ended March 31, 2016. Earning per
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      • Article
        Lock icon Mapletree Greater China Commercial Trust
        67 6 MAPLETREE Greater China Commercial Trust (MGCCT) on Wednesday posted an available distribution per unit (DPU) of 1.923 Singapore cents for the fourth quarter ended March 31, 2016, up 10.4 per cent year on year. Distributable income rose 11.9 per cent to S$53.03 million, net property
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      • Article
        Lock icon OSIM International
        45 6 OSIM International founder Ron Sim now holds shares and acceptances of his privatisation bid that represent an 88.84 per cent stake in the massage chair maker. He can compulsorily acquire the rest of the company if he hits the 97 per cent level.
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    • Article
      Lock icon Wong Yu Loon to be deputy group CEO of Boustead from May 1
      244 6 BOUSTEAD Singapore will appoint Wong Yu Loon as deputy group chief executive officer of Boustead Group from May 1 as part of plans to ensure business continuity. Mr Wong, 41, is the son of Boustead Singapore’s chairman
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    • Article
      Lock icon GMG Global minorities unhappy with merger offer
      438 7  -  They claim that the firm has been under-valued and the offer to them is unfair By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore IN a twist to the two-part deal between Sinochem International and Halcyon Agri, minority shareholders for rubber producer GMG Global are complaining
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    • Article, Illustration
      Lock icon Courts’ Causeway Point outlet gets versatile layout
      379 7  -  By Sherwin Loh sherwinl@sph.com.sg @SherwinLohBT Singapore CONSUMERS at the newly revamped Courts store at Causeway Point will be seeing more frequent changes in layout and product placement with each visit. The fourth floor outlet has been designed with modular elements that allow the
      379 words
    • Article
      Lock icon Indiabulls sponsor unit launches mandatory cash offer for trust
      384 7  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore A UNIT of the sponsor of Indiabulls Property Investment Trust (IPIT) has launched a mandatory cash offer for the mainboard-listed business trust, it said in a Singapore Exchange (SGX) filing on Wednesday. Real estate developer
      384 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times Index April 27,2016 2,874.72 -19.94 (-0.69%) Current streak 4 days Day high 2,892.27 Day low 2,869.77 52-week high 3,515.85 (Apr 27, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index April 27,2016 449.02 -3.89 (-0.86%) Current streak 1 day Day high 454.02 Day low
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    • Article
      Lock icon GAINERS
      75 8 BY CENTS CLOSE UP 52w high/low DBXT iBoxxKR US$ ***** 789.2 3.9 *****/***** GLD US$ ***** 147.1 0.9 *****/***** SPDR DJIA US$ ***** 102.5 0.4 *****/***** DBXT China50 US$ 2820 21.6 0.6 4258/2355 DBXT MSINDIA US$ 946 17.5 1.4 1080/816 BY PERCENTAGE CLOSE UP 52w high/low Infinio 0.6 500.0
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    • Article
      Lock icon LOSERS
      70 8 BY CENTS CLOSE DOWN 52w high/low Jardine C&C 4100 -157.0 -3.7 4520/2636 JMH USD 5640 -94.4 -1.2 6272/4500 DBXT MSJAP US$ 4788 -83.6 -1.3 5251/4031 UOB 1888 -51.0 -2.6 2504/1680 DBXT E50 US$ 4600 -37.8 -0.6 5300/3968 BY PERCENTAGE CLOSE DOWN 52w high/low CPH 0.4 -50.0 -0.4 1.2/0.3 InnoPac
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 8 VOL CLOSE($) CHANGE Lorenzo Intl 16,121.1 0.028 +0.006 +27.27 Sen Yue 7,756.5 0.018 +0.004 +28.57 Sakae 139.8 0.255 -0.140 -35.44 Resources Prima 76,795.3 0.036 -0.011 -23.40 Gaylin 6.0 0.250 -0.080 -24.24 United Food 10.1 0.100 +0.016 +19.05 GDS Global 0.2 0.335 -0.015 -4.29 Ziwo 131.2 0.021 -0.008 -27.59
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    • Article, Illustration
      Lock icon Market stuck in a losing streak
      682 8  -  Analysts say local market’s trajectory over the next month may depend on US dollar’s moves STOCKS By Melissa Tan melissat@sph.com.sg @MelissaTanBT APRIL has not been all that cruel to the local stock market thus far, but the last few days of the month seem
      Source: Bloomberg  -  682 words
    • Article
      Lock icon STI STOCKS
      318 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 245 -4 249/244 262 209 6 6439.7 CapitaCom Trust 142 -3 145/142 171.5 122.5 6.1 4198 CapitaLand 317 xd +6 319/312 379 267 12.7 2.8 *****.4 CapitaMall Trust 208 -6 215/208 225
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    • Article
      Lock icon MOST ACTIVE
      34 8 VOLUME Resources Prima 76,795,300 IEV 35,272,300 Ezra 29,689,300 ThaiBev 24,835,100 Noble 23,714,600 Market volume 1,205,446,000 VALUE Singtel 71,704,726 CapitaLand 52,474,940 OCBC Bank 43,737,984 Wilmar Intl 40,646,982 DBS Grp 36,049,228 Market value 889,687,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Apr 27 VALUE CLOSE BT OB/OS -187.00 -186.00 BT CADI -*****.00 -57.00 BT 10-day MA -*****.00 -19.00 FTSE ST Mid Cap 695.11 -2.60 FTSE ST Small Cap 399.22 +0.57 FTSE ST All Share 701.46 -4.49 FTSE ST China Top 167.58 +0.15 FTSE ST China 200.79 +0.52 FTSE
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    • Article
      Lock icon SGX ETFs
      110 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 289 -2 177 292/289 354/254 290/291 IS MS INDIA US$ US684 +6 64 684/679 780/575 680/684 85.5 IS Asia BND US US1057 -4 54 1057/1057 1096/1010 1034/1063 DBXT CSI300 US$ US809 +6 50 812/809
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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 27,2016 701.46 -4.49 (-0.64%) Current streak 4 days Day high 705.32 Day low 701.01 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 26,2016 1,701.75 +2.00 (+0.12%) Current streak 1 day Day high 1,706.86 Day low 1,692.08 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 5 6 2 0 1 0 5 7 2 Manufacturing 39 30 32 8 11 13 47 41 45 Commerce 11 23 11 2 4 8 13 27 19 Tpt/Stor/Comms 13 16 4
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,942 1,301 17,243 44,411 273 44,684 Manufacturing 124,088 56,892 180,980 105,128 4,216 109,344 Commerce 48,011 9,849 57,860 77,754 378 78,132 Tpt/Stor/Comms 123,497 367 123,864 148,445 30 148,475 Finance 13,345 13,345 127,103 127,103 Construction 5,787 3,878
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    • BROKERS’ TAKE
      • Article
        Lock icon China Aviation Oil | Buy
        151 8 China Aviation Oil Buy Target price: S$1.22 April 27 close: S$0.905 RHB, April 27 A COST-PLUS business model for supply of imported jet fuel into rapidly growing Chinese aviation market should support China Aviation Oil (CAO) and its associates’ earnings growth despite volatile oil prices. Continuing expansion of its overseas
        151 words
      • Article
        Lock icon ST Engineering | Hold
        174 8 ST Engineering Hold Target price: s$3.24 April 27 close: S$3.23 OCBC Investment Research, April 27 SINGAPORE Technologies Engineering (ST Engg) has won about S$505 million worth of contracts in Q1 2016. However, these contracts are not expected to have any material impact on FY16’s net tangible asset or earnings per
        174 words
      • Article
        Lock icon Mapletree Commercial Trust | Hold
        171 8  - Mapletree Commercial Trust Hold Compiled by Melissa Tan Target price: S$1.48 April 27 close: S$1.485 CIMB, April 26 VIVOCITY recorded Q4 rental revenue of S$48.5 million and full-year income of S$191.2 million (+3.7 per cent year on year) on +12.3 per cent rental reversion and income from newly created 15,000
        171 words
    • Article
      Lock icon CALENDAR
      8 8 DATA IApril 28 US initial jobless claims
      8 words
    • Article
      Lock icon US$ dips as market awaits Fed clues; A$ dives
      411 9 CURRENCIES London THE US dollar inched down on Wednesday as investors waited for a statement from the US Federal Reserve, while the Australian dollar plunged almost 2 per cent after worse-than-expected inflation data. The greenback, having risen to a three-week high
      411 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Apr 27 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.960 4.945 0.672 5.909 50.626 100.551 0.847 8.751 2.981 1.110 79.835 35.642 1.028 10.955 0.740 24.649 26.779 0.522 0.762 Canada 1.041 5.148
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Apr 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0273 1.0284 0.7615 0.7620 Canadian dollar 1.0699 1.0705 0.7932 0.7930 Euro 1.5285 1.5295 1.1330 1.1333 NZ dollar 0.9260 0.9268 0.6864 0.6867 Sterling pound 1.9690 1.9704 1.4595 1.4600
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Apr 27 S$ Bid Offer 1-month 1.3499 1.3507 2-months 1.3505 1.3512 3-months 1.3511 1.3519 6-months 1.3529 1.3538 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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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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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        393 9 Apr 27 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Apr16 9660.00 9682.50 9585.00 9627.50 *****1 *****8 May16 9655.00 9675.00 9570.00 9612.50 *****0 *****8 NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 ***** *****7 Sep16 *****.00 *****.00 *****.00 *****.00 72 688 MSCI TAIWAN
        393 words
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        215 9 Most active Apr 27 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Ezion Holdings W*****4 19.4 ***** 1 50 26 2.84 48 DBS MB eCW*****5 4.7 -0.6 6651 0.1 1600 3 Rowsley Ltd W*****3 0.6 unch 5300 1 18
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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 26 Index Change Change Change Change Change Change World Preliminary 1271.6 0.0 -0.5 0.1 -3.5 0.1 1.3 EAFE Preliminary 966.8 -0.1 -4.6 0.1 -5.5 0.1 -0.8 Europe Preliminary 1366.8 0.1 -3.2
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Apr 27 $S Offer Bid 0vernight 0.25 0.15 1-month 0.7500 0.6250 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: 0.15 US$ 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 9 Apr 27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 98.96 99.08 98.98 5-Year NX*****X 2.250 01-Jun-21 102.74 102.85 102.74 10-Year NX*****Z 2.375 01-Jun-25 102.88 103.20 102.90 15-Year NZ*****F 2.875 01-Sep-30 105.58 105.20 105.05 20-Year NZ*****V 3.375 01-Sep-33 112.46
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Apr-26 Price Net change change Last Trade Agricultural Apr-26 CBOT Soybeans (US cents/bu) 1017.75 18.00 1.80% 13/05/2016 CBOT Soybean Oil (US cents/lb) 33.94 0.04 0.12% 13/05/2016 CBOT Wheat (US cents/bu) 479.75 8.50 1.80% 13/05/2016 Apr-26 LIFFE Cocoa (£/tonne) 2287.00 21.00 0.93% 13/05/2016 LIFFE Coffee (US$/tonne) 1556.00 21.00 1.37%
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    • Article
      Lock icon SGX MAINBOARD
      1697 10 Transaction date: Apr 27 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High 153 127 AIMSAMP Cap Reit 138cd +2.5 367 139 136.5 0.9 8.2 876.8 LOW 175.5 101 ARA Asset Mgmt 118
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    • Article
      Lock icon SGX CATALIST
      328 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale vol (’000) High Day LOW Div C'vr 19.9 8.3 t Anchor Resources 11.7 -0.3 2393 12.1 11.7 32.7 Net P/E MCap 25.5 8.8 t 3Cnergy 9.5 29.5 16.7
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    • Article
      Lock icon SGX ETF
      139 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1018 700 CIMBASEAN40 US$ US845 -4 0 845 845 132.5 4258 2355 DBXT China50 US$ US2820 +16 4 2831 2819 7.8 135.3 97.5 DBXT MS SING US$ US115.4
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      Lock icon Page 5 Advertisements Column 1
      251 5 OFFICIAL SPONSOR ■i:«i Lee Kuan Yew School of Public Policy National University of Singapore Ol FRASER AND NEAVE, LIMITED CHRONICLING A LEGACY A HISTORY OF THE THAI-CHINESE JEFFERY SNO and PIMPRAPHAI BISAIPUTRA r trri si fl i BOOK LAUNCH A HISTORY OF THE THAI-CHINESE A History of the Thai-Chinese brings
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      1698 6 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices Abterra Ltd. (Incorporated in the Republic of Singapore) (Company Registration Number: *****3007C) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eighteenth Annual General Meeting of the Company will be held at 7Temasek Boulevard #11-04 Suntec Tower 1 Singapore
      1,698 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      265 7 Stone Forest IT It's all about gyp “CONTROL" Automate online banking payment Speed up payment approvals Expedite purchase approvals Check out our add-on tools for Sage 300 (formerly known as Accpac) to increase work productivity vf www.StoneForestlT.com,sg lnfo(S)StoneForestlT.com.sg T+65 6594 7594 I FACILITIES MANAGEMENT SOLUTIONS EXPO 2016 LEADING REGIONAL FACILITIES
      265 words
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      80 10 SGX== SGX My Gateway Stay informed about Singapore's stock market with regular market updates, research reports and corporate actions. Sign up on sgx.com/mygateway now. Singapore Exchange 9 This advertisement has been published for general circulation only. It is not an offer or solicitation to buy or sell, nor financial advice
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  • REAL ESTATE
    • Article, Illustration
      Lock icon KepLand releasing new block at Highline condo
      573 11  -  It has sold 86% of 210 units previously released. Aspial says waterfront Faber fully sold, and 50%-owned Urban Vista has received TOP By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore KEPPEL Land (KepLand) is launching its Highline Residences on April 30, with a new block
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    • Article, Illustration
      Lock icon Bank of England won’t hesitate to act on housing risks: deputy chief
      433 11 BLOOMBERG London BANK of England (BOE) deputy governor Jon Cunliffe said the central bank’s Financial Policy Committee (FPC) won’t hold back from quashing risks that appear in the housing market. In a speech in London late on Tuesday,
      BLOOMBERG; PHOTO: BLOOMBERG  -  433 words
    • Article
      Lock icon Lone Star raises US$5.9b for real estate pte equity fund
      172 11 REUTERS New York LONE Star Funds, a real estate-fo-cused private equity firm, says it has raised US$5.9 billion for a new fund that will invest in the debt and equity of commercial property assets in the Americas, Europe and Asia
      REUTERS  -  172 words
    • Article
      Lock icon Opening of new mall to add to South Africa’s retail space glut
      751 12 The oversupply threatens to topple the best returns among the country’s real estate investment trusts BLOOMBERG Johannesburg WHEN Attacq Ltd snips the ribbon on its Mall of Africa in Johannesburg on Thursday, it will add to an oversupply
      BLOOMBERG  -  751 words
    • Article
      Lock icon Brazil recession likely to fuel higher mortgage defaults: Moody’s
      336 12 Dominant state-owned lender Caixa also faces higher financing costs BLOOMBERG Brasília BRAZILIAN banks will write fewer mortgages this year as delinquency rates climb amid the country’s worst recession in more than a century, according to Moody’s Investors Service. State-owned lender Caixa
      BLOOMBERG  -  336 words
    • Article, Illustration
      Lock icon America is finally putting the home foreclosure crisis behind it
      576 13 It has taken nine years for foreclosure numbers to shrink to levels not seen since before the 2008 housing crisis BLOOMBERG New York IT’S taken nine years, but the number of US homes in foreclosure has fallen to a level
      BLOOMBERG; PHOTO: BLOOMBERG  -  576 words
    • Article
      Lock icon Househunt
      1437 13 Property transactions for districts 1 to 21 with contract dates between March 16 and March 22,2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED Marina Bay Residences Apt 21/03/2016 99 2368 6680 2821 District 3 NON-LANDED Principal Gdn
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      Lock icon Heilongjiang cuts land sales, offers buyers subsidies
      221 13 REUTERS Hong Kong THE government of China’s northernmost province Heilongjiang said it aims to reduce a housing glut to a “reasonable level” by 2 018 through restricting land sales and offering subsidies to rural folk looking to buy homes in urban areas. Heilongjiang,
      REUTERS  -  221 words
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      105 11 AUSTRALIAN PROPERTY FINANCE Have you recently bought an Australian property and need a loan to complete the transaction? Already own and want to ensure you have the best loan? CONTACT SPECIALIST MORTGAGE HERE IN SINGAPORE FOR A FREE IMPARTIAL REVIEW OF ALL YOUR OPTIONS. Mil W: www.smats.net E: smats@smats.net T:
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      91 11 PAYA UBI INDUSTRIAL PARK TT3K1 if II jffiiL 8 5 s il Located at Ubi Avenue 1 1,168 to 7,500 sq ft Own parking space (not inclusive in listed area) Tel: 9090 2222 Omcfe»i3Ubi Avenue 1 #01-11 B2 FACTORY IN TUAS FOR SALE DTZ HILLTOP VILLA PEIRCE HILL *****/9200 sf
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      363 11 HALCYON AGRI CORPORATION LIMITED (UEN/Company Registration No. *****4595D) (Incorporated in the Republic of Singapore) (“HAC”) Notice to holders (the “Noteholders”) of the outstanding S$125,000,000 6.50 per cent. Notes due 2019 comprised in Series 001 (ISIN: SG6SC*****02) (the “Notes”) of HAC in respect of the meeting (the “Meeting”) convened for 10.00
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      590 12 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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      1551 12 MIYOSHI LIMITED (Company Registration Number: *****3979K) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined, all capitalised terms herein shall bear the same meaning as used in the circular dated 28 April 2016 issued by Miyoshi Limited (the “Circular”). NOTICE IS HEREBY GIVEN that an
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Barclays’ Q1 earnings decline on falling returns on investments
      601 14 £793m pretax profits below analyst forecast of £846m; bank in talks to sell French retail banking ops REUTERS London BARCLAYS followed its US rivals in reporting falling investment banking revenues in a tough first three months of the year but investors
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    • Article
      Lock icon World’s safest returns signal pessimism in EM bonds is waning
      758 14 BLOOMBERG London LOOK anywhere in the world and you will be hard-pressed to find an investment that’s as profitable and safe as the dollar-denominated bonds of higher-rated companies in developing nations. Their 5.6 per cent rally this year, while not
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      Lock icon Investors want mutual funds to toughen up on CEO pay
      579 14 REUTERS Boston INDIVIDUAL investors are angry about CEO pay, and they want their mutual fund firms to do something about it. Top money managers such as BlackRock Inc and Vanguard Group oversee trillions of dollars for individuals, but the firms
      REUTERS; PHOTO: BLOOMBERG  -  579 words
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      23 14 “A thoroughly enjoyable work from a veteran Asian journalist.” WILL ENGLUND The Washington Post Now on sale at all major bookstores and www.stpressbooks.com.sg
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      34 14 TIME FOR GOLD Jewellery outlets in Singapore gear up for Akshaya Tritiya Sikh community honours former MP Inderjit Singh with appreciation dinner GET YOUR COPY TOMORROW TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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      42 14 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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  • ENERGY & COMMODITIES
    • Article
      Lock icon Canada’s Husky Energy hurt by China gas policy
      571 15 Its shares fall amid Beijing’s attempts to lower natural gas prices for consumers BLOOMBERG Calgary THE Chinese government’s efforts to shift consumption from coal to less polluting natural gas are being felt on the other side of the world by Canadian oil
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      Lock icon S&P downgrades ExxonMobil’s top credit rating
      467 15 NYT Houston STANDARD Poor’s stripped ExxonMobil of its top credit rating on Tuesday for the first time since the Great Depression, signalling that even the mightiest oil company cannot escape the worst oil and gas slump since the 1980s. Only two US companies now
      NYT; PHOTO: AFP  -  467 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Apple’s dazzling 13-year surge ebbs as iPhone sales drop
      1044 16 Q2 revenue falls 13% to US$50.6b; tech giant’s shares down as much as 8% in after-hours trading NYT San Francisco FROM the iPod to the iPhone to the iPad, Apple created more than a decade’s worth of new gadgets to fuel
      NYT; PHOTO: NYT  -  1,044 words
    • Article
      Lock icon Samsung planning US$9b downpayment on iPhone displays
      1004 16 Korean firm would need to spend money building capacity for technology BLOOMBERG Seoul AFTER years of battling Apple Inc in courtrooms and retail stores, Samsung Electronics Co may be ready to reconcile for its greater good. That olive branch is expected to cost
      BLOOMBERG  -  1,004 words
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      140 16 .f. qt's v 2k Mr V Qmni! V> .90— Surprise your mum with a gift that commemorates a significant date in her life. Pick a digitised front page newspaper of the date to be placed on one of our specially selected merchandise. Or if a subject matter close to her
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  • CONSUMER
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      Lock icon Comcast said to be in talks to acquire DreamWorks Animation
      564 17 The deal would value DreamWorks Animation at about US$3b, or some 30% more than its current market value NYT Los Angeles AFTER years of on-and-off flirtations, Comcast is in talks to buy DreamWorks Animation, the boutique studio run by Jeffrey
      NYT  -  564 words
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      Lock icon Popeyes S’pore starts using 100% self-order kiosks at some outlets
      472 17  -  By Tan Effie taneffie@sph.com.sg Singapore POPEYES Singapore announced on Wednesday that it is revamping its in-restaurant experience with 100 per cent self-order kiosks (SOKs). It is the first quick service restaurant (QSR) to aggressively and fully push out SOKs to
      PHOTO: KEVIN LIM/THE STRAITS TIMES  -  472 words
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      Lock icon US drug prices keep rising despite intense criticism
      855 17 Drugmakers have raised brand-name drug prices by double-digit percentages since the start of the year NYT New York FROM the campaign trail to the halls of Congress, drugmakers have spent much of the last year enduring withering criticism over the rising cost
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    • Article
      Lock icon Tag Heuer said to pay £5m for Premier League deal
      335 17 BLOOMBERG London WATCHMAKER Tag Heuer is paying about £5 million (S$6.5 million) a season to become a sponsor of the Premier League, which is embracing a new marketing strategy that includes many corporate partners instead of one title sponsor. The
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  • GOVERNMENT & ECONOMY
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      Lock icon China’s corporate debt problem needs urgent attention: IMF
      499 18  -  It, however, notes the authorities are focusing on the problem and its impact on banks and the economy By Anthony Rowley btworld@sph.com.sg Tokyo CHINA’S problem of its high and rising corporate debt needs to be addressed as a matter of urgency to
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      Lock icon Stronger March China industrial profits add to economic recovery hopes
      555 18 REUTERS Beijing PROFITS earned by Chinese industrial companies rose 11.1 per cent in March from a year earlier, adding to signs that the country’s economic slowdown may be bottoming out. Industrial profits rose to 561.24 billion yuan (S$ 116.7 billion)
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    • Article
      Lock icon OECD sounds warning of sharp fall in UK and European growth if Brexit happens
      840 18  -  Economists say that global uncertainty and referendum uncertainty are already deterring investments By Neil Behrmann btworld@sph.com.sg London THE Organisation for Economic Co-op-eration and Development (OECD) has joined other international institutions in warning of a sharp decline
      840 words
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      Lock icon Upgraded trade deal to beef up S’pore-Japan cooperation: Vivian
      620 18  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE planned “upgrading” of the agreement on the economic partnership between Japan and Singapore should be completed around the end of this year, paving the way for stepped-up cooperation between the two countries, Singapore’s Minister for
      620 words
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      Lock icon Trade deficit down to one-year low in March
      367 18 LATEST US DATA BLOOMBERG Washington AMERICA’s merchandise trade deficit shrank to US$56.9 billion in March, the lowest in more than a year, advanced data issued by the Commerce Department showed on Wednesday. The 10.3 per cent improvement from February’s final reading of
      BLOOMBERG  -  367 words
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      697 19 10 WAYS TO USE VISUAL CONTENT TO INCREASE SOCIAL MEDIA ENGAGEMENT BY PAMELA WIGGLESWORTH Does this sound familiar…it’s break time and you’re scrolling through your Facebook newsfeed. You stop only when an image catches your eye. If the image is compelling enough, you’ll stop to see what the story is
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  • TRANSPORT
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      Lock icon Top airline execs see profitability gains tapering
      515 20  -  Iata survey also finds cargo industry having a tougher time than the passenger market By Nisha Ramchandani nishar@sph.com.sg @NishaBT Singapore A SURVEY of airline chief financial officers and heads of cargo suggests profitability gains were locked in during the first quarter of this
      515 words
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      Lock icon Toyota on top with Altis as No 1 model
      516 20  -  But Honda brand surges on Vezel grey imports By Samuel Ee samuelee@sph.com.sg Singapore TOYOTA still rules the roost as Singapore’s favourite brand but Honda is catching up fast. As new car sales surge on steadily expanding Certificate of Entitlement quotas, most
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      Lock icon Qatar Airways rejects A320neo plane as Airbus awaits engine fix
      690 20 BLOOMBERG Toulose GLITCHES afflicting a new turbine designed to power Airbus Group SE’s revamped A320 jetliner have left the European company facing an anxious few months as it waits on engine maker Pratt Whitney to find a fix. Qatar Airways
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      Lock icon Latest scandal is second existential threat in decade for Mitsubishi
      596 20 BLOOMBERG Osaka FOR the second time in about a decade, Mitsubishi Motors Corp faces a scandal that poses an existential threat. The Japanese carmaker has improperly tested the fuel economy of its cars for the past quarter century, widening the
      BLOOMBERG; PHOTO: AFP  -  596 words
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      66 20 A Uniquely Positioned Event An Effective Marketing Branding Platform for Financial Institutions in Asia. What Makes INVEST Fair Unique? Largest Investment Event In Singapore Proven Results For Exhibitors Maximum Unlimited Marketing Possibilities Extensive Marketing On Print, Online, Outdoor, Radio, Social Media and Other Platforms Flexible Sponsorship Packages CELEBRATING 10 SPLENDID
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      27 20 WE WANT YOUR VIEWS! SHARE THEM AND STAND A CHANCE TO WIN A SAMSUNG GALAXY S7 EDGE 4G+ Terms Conditions apply. SCAN HERE TO TAKE SURVEY NOW
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      13 20 科 LG G5 Zaobao tech review LG G5 bit.ly/zbtech_G5 zaobao.sg Chinese Language Content
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      1002 21 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 Train breakdown reasons: SMRT must be clearer and more transparent
      607 22 EDITORIAL IT’S safe to say that it hasn’t been the best of weeks for SMRT Corporation. One must feel for its senior management and crisis communications team as they tackle one mishap after another. A power fault was the cause
      607 words
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      Lock icon Fighting ISIS like it’s a cancer might just work
      1322 22  -  Using treatment protocols for tumours as an analogy, a roadmap can be drawn to defeat the terrorist organisation and prevent a relapse. BY BENNETT RAMBERG BY BENNETT RAMBERG T The writer served in the Bureau of Politico-Military Affairs in the US
      PHOTO: REUTERS  -  1,322 words
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      Lock icon Road ahead for rule of law in China is long and twisted
      817 22  -  Rational discussion of foreign policy is welcome, and will turn China into a more normal country. THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1. IN
      817 words
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      Lock icon A distinct analysis of financial crises from a voice of authority
      1169 23  -  “Between Debt and the Devil: Money, Credit, and Fixing Global Finance” By Adair Turner Princeton university Press (2015) COMMENTARY Review by Yoong Ren Yan TThe reviewer is a Master of Public Policy candidate at the Lee Kuan Yew School
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      Lock icon Britain has a proven, off-the-shelf alternative in Efta
      551 23  -  COMMENTARY By John Petley T The writer is operations manager for the Campaign for an Independent Britain. This is part of the Official Monetary and Financial Institutions Forum’s series on the UK EU referendum ahead of the June 23 poll. London IF
      551 words
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      Lock icon Buy or bye: Social insights into what customers really want
      1088 23  -  Social media is valuable as it provides a real-time pulse on customers’ behaviours, attitudes and needs.BY needs.BY ARVINDER GUJRAL T The writer is director of business development, Asia-Pacific, at Twitter. COMPANIES maintain that customers come first but how many have
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  • LIFE & CULTURE
    • Article
      Lock icon Fake stones may undermine Sri Lanka’s gem trade
      586 24 AFP Ratnapura, Sri Lanka FROM the Queen of Sheba to Britain’s Duchess of Cambridge, Sri Lanka’s sapphires have adorned royalty through the ages, but a flood of cheap imitations is threatening the island’s reputation for the precious stones. Ceylon sapphires, named after
      AFP  -  586 words
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      Lock icon Cool Asian fashion brands challenging Western labels
      1071 24 The stigma of Asian brands is disappearing; shoppers are taking notice of Asian designers with their own style REUTERS Seoul FASHION brands from South Korea, China and Japan are becoming serious rivals of their Western peers as Asian consumers become increasingly confident in
      REUTERS; PHOTOS: SPH FILE, AFP, TSUMORI CHISATO  -  1,071 words
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      Lock icon Trudeau: politician and star of his own viral universe
      697 24 NYT New York WITHIN the past two weeks, nearly 1.5 million people have watched a YouTube video clip featuring an explanation of quantum computing. Such an esoteric subject may not generally attract intense interest, but when Canada’s new prime minister, Justin
      NYT; PHOTO: REUTERS  -  697 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      355 24 CRYPTIC CROSSWORD Across 1 Providing caring service for a small charge (4-7) 9 Naval officer gets award by ministry put in centre (9) 10 Fake knife ignored with packaging removed (5) 11 Again suspend alteration in gallery (6) 12 Trio from Italy featuring in plain TV series (4,4) 13 Retired,
      355 words