The Business Times, 16 May 2016

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Microfilm: NL33856
Total Pages: 28
1 28 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 Monday, May 16, 2016
    22 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    248 1 US stocks fell last week as investors recoiled from signs of transformation in the US economy. Unless retailers like Target can assuage concerns about consumer habits when they report earnings this week, the dour mood may persist. TOP STORIES 2 Singapore’s Ministry of Trade and Industry has proposed
    248 words
  • Article, Illustration
    Lock icon In S’pore’s automation drive, execution is key
    815 1  -  Analysts say govt must use funds efficiently by implementing new schemes properly SINGAPORE’S FUTURE ECONOMY By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore THE Singapore government’s automation push is, in broad terms, a good thing; but how it is executed will be crucial, if it
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  • Article
    Lock icon Q1 profits disappoint, outlook dim: analysts
    783 1  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE-listed companies have turned in a largely disappointing set of first-quarter earnings so far with the oil and gas sector a particularly weak spot, and the outlook remains lacklustre, analysts said. As at 5pm Friday, 277 Singa-pore-listed companies
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  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 2,734.91 +4.11 KL COMP 1,628.26 -21.10 NIKKEI 225 16,412.21 +305.49 HANG SENG 19,719.29 -390.58 SHENZHEN B 1,052.91 -43.11 DOW 17,535.32 -205.31
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      79 1 THE BUSINESS TIMES S’PORE-AUST PARTNERSHIP Taking bilateral exchanges to a new level VIEWS FROM THE TOP 16-17 Nfr PATEK PHILIPPE GENEVE Begin your own tradition. 200 (O 150 2 1 25 110 22 2 100 90 S' s PATEK F GEI 1 F HILIPPE h EVE 80 m 3 70
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      26 1 www.businesstimes.com.sg MCI (P) 039/08/2015 NEW RESTAURANT Simple food cooked well at Mo’mor Izakaya DINING OUT 27 HEWLETT PACKARD ENTERPRISE Being global but thinking locally topline 9
      26 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Retailers to set market mood this week
      995 2  -  When they report earnings, US retailers like Target will have to assuage concerns about consumer habits in face of the onslaught of online stores WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg STOCKS fell slightly less flat last week as investors recoiled from signs
      PHOTOS: AFP, REUTERS  -  995 words
    • Article
      Lock icon This US$5.5b Swedish hedge fund doesn’t care about political risk
      416 2 BLOOMBERG Stockholm SWEDISH hedge fund Informed Portfolio Management (IPM) is disregarding risks from a potential Brexit and political turmoil from Brazil to South Africa. The US$5.5 billion fund’s approach of looking at fundamentals and placing narrow bets on how assets
      BLOOMBERG  -  416 words
    • Article, Illustration
      Lock icon 1995: Nick Leeson brings down Barings
      396 2  -  Tycoons’ battle for Yeo Hiap Seng, launch of exec condos also lead the news. The Business Times has been there to report and analyse the most significant news since 1976. Every week, this feature will showcase excerpts from the biggest stories for each year
      BT Graphics: Dania Amiril  -  396 words
    • Article, Illustration
      Lock icon When technology meets infrastructure
      928 4  -  A recent panel discussion focused on what happens when new-age tech and age-old infrastructure meet By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore WHILE it is not likely that technology will completely take over the need for infrastructure, there is no doubt that technology is changing infrastructure needs.
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    • Article, Illustration
      Lock icon Spring to be ‘administering agency’ against errant retailers
      740 5  -  MTI proposes to give it investigation and enforcement teeth to gather evidence, file injunction applications By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore THE Ministry of Trade and Industry (MTI) has proposed two key amendments to the Consumer Protection (Fair Trading) Act (CPFTA) to
      PHOTO: STOMP  -  740 words
    • Article
      Lock icon MNCs must enable Asian managers to secure top positions
      591 5  -  By Nur Sabrina Azmi nsazmi@sph.com.sg Singapore THE same cultural and communication differences that make doing business in Asia challenging for Western companies also play a role in keeping Asian executives out of the upper echelons of management. And to overcome this,
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      35 2 )!27G#AFA#’97AI AI>@=2GI> $<& /AJHC5E !C3((L #4CJC !4H:48/AJHC5E ’;<&#;<&/AJHC5E 1 !C3((L C 3((L @C<&L;L/AJHC5E 9(;4J/A J HC5E 0 !C3((L ’;?%$K <% AJHC5E $<& /A65C<C 1!C3((L @C<&L;L/A65C<C 1 !C3((L 0 !C3((L 7( J D-.-110+0,, 1 !C3((L 9(;4J A65C<C B !C3((L
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  • Page 4 Advertisements
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      1144 4 RHB BANK BERHAD (Co. No 6171-M) (Incorporated in Malaysia) BOARD OF DIRECTORS The Directors of RHB Bank Berhad as at 30 April 2016 are: Tan Sri Azlan Zainol (Chairman) Tan Sri Ong Leong Huat Wong Joo Hwa Haji Khairuddin Ahmad Mohamed Ali Ismaeil Ali AlFahim Ong Seng Pheow Chin Yoong
      1,144 words
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      17 4 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon How internal auditors can be more effective
      885 6 A recent NUS-ISCA study highlights three areas which need to be addressed: the use of risk-based audits; the judicious use of outsourcing; and ensuring internal auditor independence. BY HO YEW KEE BOARDROOM MATTERS T The writer is a member of the directorship report
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    • Article, Illustration
      Lock icon Corporate earnings surprise in US, Europe isn’t what it seems
      437 6  -  By Simon Ballard BLOOMBERG London EARNINGS from the first quarter are almost all in and most companies in Europe and the US managed to beat analyst estimates. That’s no reason for bond investors to celebrate. Of the 458 companies in
      BLOOMBERG; PHOTO: AFP  -  437 words
    • Article
      Lock icon What do comparisons between US stock, bond yields reveal?
      682 6 BLOOMBERG New York A YEAR of profit stagnation has left the S&P 500 Index’s price-earnings ratio flirting with some of its highest readings since the Internet bubble. Judged against bonds, though, stocks remain stubbornly cheap. Plotting the index’s per-share earnings against
      BLOOMBERG  -  682 words
    • Article, Illustration
      Lock icon Buying surges after 2 weeks of low purchases
      1655 8  -  Figures up sharply as 13 firms record 29 acquisitions worth S$2.5 million. INSIDE MARKETS BY ROBERT HALILI T The writer is managing director, Asia Insider Limited THE buying surged following two weeks of low purchases based on filings on the Singapore Exchange
      Source: Asia Insider  -  1,655 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 10 STI Catalist WEEKLY Straits Times Index May 13,2016 2,734.91 4.11 (0.15%) Current streak 1 day Week high 2,766.06 Week low 2,732.87 52-week high 3,463.10 (May 15, 2015) 52-week low 2,539.95 (Feb 12, 2016) FTSE ST Catalist index May 13,2016 431.38 -12.98 (-2.92%) Current streak 2 days Week high 442.11 Week
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    • Article, Illustration
      Lock icon Does 'sell in May and go away’ hold sway?
      625 10  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE stock market has its fair share of sayings, pearls of wisdom like “buy in anticipation, sell on news”, “buy the dips, sell into strength” and “as goes January, so goes the rest of the
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    • Article
      Lock icon STI STOCKS
      306 10 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 234 xd -7 246/233 255 209 6.6 6166.6 CapitaCom Trust 138.5 -2 142/137.5 166.5 122.5 6.2 4094.5 CapitaLand 301 +3 303/294 367 267 12 3 *****.5 CapitaMall Trust 205 unch 213/204 224
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    • Article
      Lock icon GAINERS
      77 10 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 364.5 1.3 *****/***** SPDR DJIA US$ ***** 175.4 0.7 *****/***** DBXT DBLCI-OY US$ 2131 157.6 5.7 2600/1946 DBXT E50 US$ 4514 87.7 1.4 5300/3968 DBXT iBoxxUSTr US$ ***** 75.4 0.3 *****/***** BY PERCENTAGE CLOSE UP 52w high/low ISR Capital
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    • Article
      Lock icon LOSERS
      78 10 BY CENTS CLOSE DOWN 52w high/low Jardine C&C 3205 -301.0 -8.6 4520/2636 DBS Bk 4.7% NCPS ***** -182.0 -1.7 *****/***** Lyxor ChinaH US$ 1143 -112.3 -6.7 2055/999 Lyxor Indonesia US$ 7762 -108.2 -1.0 8804/6250 DBXT Nifty50 ETF10 ***** -94.5 -0.6 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low AP Strat
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 10 VOL CLOSE($) CHANGE ISR Capital 90,552.3 0.082 +0.050 +156.25 SMJ Intl 50.0 0.107 -0.043 -28.67 Matex Intl 200.0 0.018 -0.012 -40.00 Natural Cool 756.8 0.163 +0.023 +16.43 Attilan 13,720.4 0.005 +0.001 +25.00 800 Super 2,199.2 0.525 +0.050 +10.53 Tiong Seng 903.0 0.235 +0.015 +6.82 Jadason 2,719.1 0.013 +0.002
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    • Article
      Lock icon MOST ACTIVE
      36 10 VOLUME Noble 379,186,000 Ezra 313,460,100 Cedar Strategic 269,760,400 ISR Capital 142,667,600 Golden Agri-Res 133,783,600 Market volume 7,643,174,000 VALUE Singtel 411,620,070 DBS Grp 312,449,712 Wilmar Intl 239,927,022 OCBC Bank 232,205,924 UOB 216,852,544 Market value 4,959,779,000
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    • Article
      Lock icon SGX ETFs Most Active
      109 10 Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 279 +1 2215 281/277 351/254 278/279 ABF SG Bond ETF 117.7 unch 555 118.4/117.6 119/112 118/118.4 537.3 Nikko AM STI ETF 282 unch 197 286/281 357/259 282/283 6.8 DBXT MSINDO us$ US1235 +10 195
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    • Article
      Lock icon COMPANY MEETINGS
      121 10 COMPANY MEETING PLACE DATE TIME Plato Capital Ltd E Clove Room (Lvl 5) Novotel S'pore Clarke Quay 177A River Valley Road 20-May 10.30am Cordlife Grp Ltd E Topaz Room Sheraton Towers S’pore 39 Scotts Road 23-May 10.00am Camsing Healthcare A 4 Shenton Way SGX Centre 2 #17-01 25-May
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 May 13 VALUE CLOSE BT OB/OS -662.00 -88.00 BT CADI -*****.00 -103.00 BT 10-day MA -*****.00 -66.00 FTSE ST Mid Cap 671.67 -3.14 FTSE ST Small Cap 389.45 -1.80 FTSE ST All Share 671.27 -1.79 FTSE ST China Top 159.02 -1.50 FTSE ST China 186.89 -1.76 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 10 STI FTSE ST All-Share WEEKLY ftse ST All-Share index May 13,2016 671.27 -0.71 (-0.11%) Current streak 1 day Week high 678.54 Week low 671.06 52-week high 830.39 (May 15, 2015) 52-week low 629.34 (Feb 12, 2016)
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      Lock icon STI / MSCI EAFE
      34 10 STI MSCI EAFE WEEKLY MSCI EAFE index May 13,2016 1,631.71 -7.51 (-0.46%) Current streak 2 days Week high 1,654.77 Week low 1,631.71 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 4 10 2 0 1 0 4 11 2 Manufacturing 45 70 31 10 15 13 55 85 44 Commerce 17 37 11 9 6 10 26 43 21 Tpt/Stor/Comms 18 18 2
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      125 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 91,022 4,012 95,034 252,085 794 252,879 Manufacturing 510,112 448,963 959,075 580,816 13,302 594,118 Commerce 549,511 202,106 751,617 463,388 6,789 470,177 Tpt/Stor/Comms 794,497 4,493 798,990 952,960 376 953,336 Finance 245,400 600 246,000 851,259 82 851,341 Construction
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    • Article, Illustration
      Lock icon Oil slips on stronger US$ but gains on week
      551 10 COMMODITIES REUTERS New York OIL slipped on Friday on a stronger US dollar and as investors cashed in on a three-day rally, but prices still ended the week higher after production in Nigeria fell to its lowest in two decades and
      REUTERS; PHOTO: BLOOMBERG  -  551 words
    • Article
      Lock icon US$ rally has legs, says Goldman Sachs
      453 11 CURRENCIES BLOOMBERG New York THE US dollar’s two-week rally has room to run, with Goldman Sachs Group citing scope for greenback strength versus the yen, while Bank of America projects gains against the pound and the Australian dollar. The Bloomberg Dollar Spot Index
      BLOOMBERG  -  453 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 May 13 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.938 4.757 0.643 5.664 48.703 97.130 0.794 8.542 2.934 1.072 76.367 33.971 1.000 10.991 0.710 23.790 25.839 0.506 0.730 Canada 1.066 5.072
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 May 13 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9996 1.0003 0.7296 0.7298 Canadian dollar 1.0657 1.0665 0.7781 0.7778 Euro 1.5538 1.5549 1.1341 1.1345 NZ dollar 0.9321 0.9332 0.6803 0.6809 Sterling pound 1.9751 1.9764 1.4416 1.4420
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 May 13 S$ Bid Offer 1-month 1.3707 1.3713 2-months 1.3711 1.3719 3-months 1.3716 1.3726 6-months 1.3734 1.3744 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        3 11 WEEKLY
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      • Article, Illustration
        Lock icon NIKKEI
        2 11 WEEKLY
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        3 11 COMPOSITEWEEKLY
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      • Article, Illustration
        Lock icon DOW JONES
        3 11 WEEKLY
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        390 11 May 13 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES May16 9327.50 9357.50 9267.50 9295.00 *****0 *****1 Jun16 9057.50 9080.00 9000.00 9010.00 5221 ***** NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 ***** *****1 Sep16 *****.00 *****.00 *****.00 *****.00 95 1159 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        214 11 May 13 Prem Expiry Wk Vol Conv Exer Disc Gear- Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 7.6 -0.9 ***** 0.1 1480 2 UOB MB eCW*****5 3.6 -0.9 ***** 0.1 1890 2 OCBC Bk MBeCW*****4 6.6 -0.9 ***** 0.1
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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 May 13 Index Change Change Change Change Change Change World Preliminary 1244.1 -0.1 -2.6 -0.2 -4.4 -0.4 -1.2 EAFE Preliminary 931.7 -0.1 -8.1 -0.6 -8.0 -0.8 -4.9 Europe Preliminary 1322.7 0.5 -6.4
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 May 13 $S Offer Bid 0vernight 0.05 0.03 1-month 0.7500 0.6250 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: 0.03 US$ 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
        63 11 May 13 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.05 5-Year NX*****X 2.250 01-Jun-21 103.36 103.37 103.25 10-Year NX*****Z 2.375 01-Jun-25 103.49 103.55 103.40 15-Year NZ*****F 2.875 01-Sep-30 107.19 20-Year NZ*****V 3.375 01-Sep-33 114.44 114.50 114.50 30-Year NA*****H
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 11 May-13 Price Net change change Last Trade Agricultural May-13 CBOT Soybeans (US cents/bu) 1055.00 -9.50 -0.89% 13/05/2016 CBOT Soybean Oil (US cents/lb) 32.17 -0.13 -0.40% 13/05/2016 CBOT Wheat (US cents/bu) 465.00 6.50 1.42% 13/05/2016 May-13 LIFFE Cocoa (£/tonne) 2180.00 -21.00 -0.95% 13/05/2016 LIFFE Coffee (US$/tonne) 1651.00 2.00 0.12%
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1661 12 Payment Ex Rec Pay Ann (cts) date date date date 8Telecom Intl Hldgs by 448.600 22-Mar 24-Mar 15-Jul 17-Mar ABR Hldgs Ltd ak 1.500 06-May 10-May 27-May 12-Apr AEM Hldgs aw 0.500 05-Jul 08-Jul 22-Jul 03-May Aims Amp Cap Ind Reit df 2.662 06-May 10-May 22-Jun 27-Apr Aims
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    • Article
      Lock icon BROKERS' RECOMMENDATIONS
      1230 12 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (times) Accordia Golf Trt 1.00 1.00 1 0.08 7.48 0.88 0.63 AIMS AMP Cap Industrial Reit 1.00 1.00 3 0.11 12.46 1.50 1.40 ARA Asset Mgt 1.25 1.25 2 0.08
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    • Article
      Lock icon CWT's controlling shareholders in exclusive talks on sale to China’s HNA
      407 12  -  Pricing and structure of the sale still to be negotiated; deal could trigger a general offer for CWT, say sources By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore THE controlling shareholders of CWT have signed an exclusivity agreement to negotiate a
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    • Article
      Lock icon PRIME LENDING RATES
      242 12 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications 5.50 Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited Bank of Tokyo-Mitsubishi Bank of Communications Banque Internationale a Bank of East Asia ...5.75 Bank
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    • Article
      Lock icon Eu Yan Sang’s Q3 profit hit by weaker revenue, higher expenses
      516 12  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore EU YAN Sang International reported a slump in net profit to S$286,000 for the third quarter ended March 31 from S$5.45 million, as it suffered a decline in operating revenue and incurred foreign
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    • CORPORATE DIGEST
      • Article
        Lock icon Oxley Holdings
        80 12 OXLEY Holdings Ltd said it plans to enter the Australian market and is currently looking at Sydney’s Bays Precinct as the location for a flagship commercial and residential project to add to its project portfolio. In a regulatory filing on Saturday, it disclosed that it is considering the
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      • Article
        Lock icon Halcyon Agri
        103 12 HURT by higher expenses and weaker sales, natural rubber supply chain manager Halcyon Agri Corporation sank into the red for the first quarter ended March 31 with a net loss of US$6.63 million, from a net profit of US$1.23 million a year ago. Revenue slipped 12.1 per cent
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      • Article
        Lock icon CDW Holding
        69 12 CDW Holding Ltd reported a 97.5 per cent slump in net profit for the first quarter ended March 31 to US$40,000, dragged by lower revenue and larger share of losses from associates. The group registered a 32.8 per cent drop in revenue to US$25.7 million as it received
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    • Article
      Lock icon SGX MAINBOARD
      1997 14 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E $mil Company Last Sale vol ('000) High week 151.5 127 AIMSAMP Cap Reit 139.5 +3 1016 139.5 136 0.9 8.1 886.3 Div 175.5 101 ARA Asset Mgmt 126.5 +3.5 1608 127
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    • Article
      Lock icon SGX CATALIST
      437 14 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale vol ('000) High 0.9 0.2 t Advanced Systems 0.2 unch 1105 0.3 0.2 5.3 Low Div C'vr 19.9 8.3 t Anchor Resources 10.8 -1.8 ***** 13.2 10.8 30.2
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    • Article
      Lock icon SGX ETF
      200 14 52-Wk Last Vol Week Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E 119 112 ABF SG Bond ETF 117.7 unch 555 118.4 117.6 537.3 Last Sale 1345 991 CIMBASEAN40 S$D 1108 +8 0 1108 1108 1012 700 CIMBASEAN40 US$ US808 -2 0 808
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      150 6 Reaching out to 1.9 Billion People r m t WELCOME TO THE 13™ CHINA-ASEAN EXPO September 23 rd 26 tn 2016 Nanning, China ;th Singaporean Exhibits: brand products, port logistics, foodstuff, finance, education and tourism, etc. Major Chinese exhibits: engineering machinery, vehicles, food processing and packaging machinery, electric power equipments,
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      Lock icon Page 6 Advertisements Column 2
      7 6 T For more articles, go to btd.sg/BMatters
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      1561 7 MANULIFE US REAL ESTATE INVESTMENT TRUST (a real estate investment trust constituted on 27 March 2015 under the laws of the Republic of Singapore) Managed by Manulife US Real Estate Management Pte. Ltd. F I R ST P U R E-PL AY OF F IC E R E I T
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  • TOPLINE
    • Article, Illustration
      Lock icon Being global but thinking locally
      1919 9  -  New HPE more focused now on creating more customer and solution-centric framework for the company, says its MD. MD.BY AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT LOH Khai Peng, the Singapore managing director of Hewlett Packard Enterprise (HPE), thinks his company is more local than a multinational
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  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      71 14 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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  • REAL ESTATE
    • Article
      Lock icon More take up HDB’s Lease Buyback Scheme after enhancements
      402 15 Household income ceiling raised to S$12,000; flat owners can choose length of lease to be retained THE STRAITS TIMES Singapore SOME 1,506 households are currently under the Housing Board’s (HDB) Lease Buyback Scheme, with 541 of them taking it up in
      THE STRAITS TIMES  -  402 words
    • Article, Illustration
      Lock icon London’s office market resists Brexit flight risk
      761 15 London THE prospect of Britain quitting the European Union has inflicted little damage so far on demand for space in London’s financial hubs, first quarter rental data suggests, despite some warning signs from investment banks. A year after Prime Minister David Cameron’s election
      PHOTO: REUTERS  -  761 words
    • Article
      Lock icon Hines said to offer US$5.5b real estate
      296 15 BLOOMBERG London AN OFFICE building leased by Morgan Stanley in London’s Canary Wharf district is being offered for sale by US real estate company Hines as part of a US$5.5 billion property portfolio disposal, according to a person with knowledge of the matter.
      BLOOMBERG  -  296 words
  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 2
      9 15 DB Platinum Croci Branchen Stars R1C-A 09/05/2016 216,35 EUR
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Taking bilateral exchanges to a new level
      2073 16 THIS WEEK’S TOPIC: What opportunities are in store for your business from the Singapore-Australia Comprehensive Strategic Partnership package? John Bittleston Founder and Chair Terrific Mentors International Pte Ltd THE Singapore-Australia Comprehensive Strategic Partnership (CSP) package provides a much-needed opportunity for increased investment, trade,
      PHOTOS: REUTERS, BLOOMBERG  -  2,073 words
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      547 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MIDAS TOUCH INVESTMENT PTE. LTD. ACRA No. *****9594G (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the
      547 words
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      957 17 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
      957 words
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      11 17 The full list of views from CEOs is available at http://businesstimes.com.sg
      11 words
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon Cheap cash-rich companies on SGX: Opportunity or trap?
      2637 18  -  This week, we examine stocks that have more cash on their balance sheet than their market value MONDAY MULTIPLE By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT A cigar butt found on the street that has only one puff left in it may not offer
      Compiled from Bloomberg on the morning of May 13,2016  -  2,637 words
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      113 18 GET STARTED NOW Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      113 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Can Buffett-backed bid help Yahoo grow?
      790 19 Analysts say the renowned investor’s history of betting on struggling companies that have a big consumer base could work in Yahoo’s favour REUTERS San Francisco WARREN Buffett struck media gold with a 2012 investment in debt-laden Media General Inc. Now the famed investor may
      REUTERS; PHOTO: BLOOMBERG  -  790 words
    • Article
      Lock icon Real estate crowdfunding sites mushroom on the Internet
      505 19 WP Washington LAST month a Texas entrepreneur took to Craigslist with a surprising offer: For US$50,000, he would part with 5 per cent of a real estate crowdfunding startup that he said would generate profit within three months. Seemant Nakra, who posted
      WP  -  505 words
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      535 19 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF FULLERTON CAPITAL INTERNATIONAL (CHINA) PTE. LTD. (IN MEMBERS' VOLUNTARY LIQUIDATION) CO. REG. NO.*****3371N NOTICE OF RESOLUTIONS It an Extraordinary General Meeting of the Company held at rU)»SlffEffimi«5EfK133J^ he 9th doy of May 2016, the following Resolutions
      535 words
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      1403 19 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
      1,403 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Cyber-city rises from the desert in Israel
      1626 21 Some of nation’s top talent from military, academia and business will be based here WP Beersheba, Israel HERE in the middle of the Negev Desert, a cyber-city is rising to cement Israel’s place as a major digital power. The new development, an outcropping
      WP; PHOTO: BLOOMBERG  -  1,626 words
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      1979 21 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices LORENZO INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****8277C) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eleventh Annual General Meeting of the Company will be held at 27 Kaki Bukit Place, Eunos Techpark,
      1,979 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Japan startup spins profitable future for synthetic spider silk
      1135 22 Spiber Inc develops super-strong fibre used in North Face’s US$1,000 “Moon Parka” WP Tokyo LATER this year, outdoor-gear retailer North Face will offer its environmentally conscious shoppers at its outlet in Tokyo’s posh Harajuku fashion district a chance to save the
      WP; PHOTO: BLOOMBERG  -  1,135 words
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      587 22 MOVING YOUR BRAND AND BUSINESS COMMUNICATION A STEP CLOSER TO SUCCESS CREATE LIKE LEONARDO DA VINCI Leonardo da Vinci is reputedly the world’s most creative person. He epitomised the Renaissance ideal of the polymath artist, musician, scientist, mathematician and engineer. In this highly participative workshop, you will learn the da
      587 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Japan to push for new G-7 model for financing global growth
      768 24  -  Sendai meeting will see emphasis on central bank-financed spending on projects rather than monetary handouts By Anthony Rowley btworld@sph.com.sg Tokyo WHEN finance ministers and central bank governors from the Group of Seven (G-7) nations meet in the Japanese city
      768 words
    • Article, Illustration
      Lock icon China asks UK for advice on super-regulator
      774 24 REUTERS Hong Kong China has asked Britain for advice on plans to create a financial super-regu-lator, as it looks to improve financial oversight following last year’s stock market crash, sources with knowledge of the talks told Reuters. The discussions between representatives from China
      REUTERS; PHOTO: AFP  -  774 words
    • Article
      Lock icon Foreign firms struggling despite India easing red tape
      570 24 AFP New Delhi NARENDRA Modi was elected two years ago this week promising to ease India’s notorious red tape and unpack regulatory tangles but for foreign firms, doing business in the world’s fastestgrowing large economy can still be a costly headache. With
      AFP  -  570 words
    • Article, Illustration
      Lock icon Indonesia reviewing collaboration with S’pore on haze and forest fires
      710 24 Jakarta INDONESIA’S Minister of the Environment and Forestry Siti Nurbaya says her ministry is in the process of reviewing all bilateral cooperation, including both existing and planned future bilateral collaborations, with Singapore in the field of the environment and forestry.
      PHOTO: REUTERS  -  710 words
    • Article
      Lock icon BOE chief denies overstepping mark with Brexit warning
      439 24 REUTERS London BANK of England governor Mark Carney denied on Sunday that he had compromised the central bank’s independence by warning of the short-run costs of leaving the European Union, after criticism from “Out” campaigners. Last week the BOE said Britain risked
      REUTERS  -  439 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon TSA proposes measures to cut US airport gridlock
      767 25 However, moves such as more overtime for screeners, faster hiring and increased use of bomb-sniffing dogs will reduce waiting time but not eliminate them NYT Washington WITH anger boiling over as passengers wait an hour or more at airport checkpoints, Jeh Johnson,
      NYT; PHOTOS: AFP  -  767 words
    • Article
      Lock icon Uber drivers criticise US$100m settlement, say lawyer sold out
      1110 25 BLOOMBERG New York THE lawyer who struck a US$100 million deal with Uber Technologies Inc is being accused of greed by some of the drivers covered by the accord who want her bumped. “She has single-handedly stuck a knife in the
      BLOOMBERG  -  1,110 words
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      1122 26 THE BUSINESS TIMES Shipping times VOY Ramp(KT) Lifting(KT) SIN PGU PKL KUC JKT SUR BELANESIA 001 60 24/5 25/5 26/5 30/5 POSITIVE BRAVE 2 100 28/5 30/5 NANIWA 002 60 30/5 31/5 3/6 5/6 10 120 29/7 30/7 4/8 10 120 29/7 30/7 4/8 VOY Ramp(KT) Lifting(KT) SIN YGN KOL
      1,122 words
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      306 26 C a i l a n E n n o r e J e d d a h B r i s b a n e Shanghai Chittagong Ho Chi Minh H o J e b e l A l i n g NYK RORO (ASIA) PTE. LTD. K o
      306 words
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      710 26 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6470 9100 Fax: (65) 6235 3623 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE JKT SIN TIJUCA FF619 05/05 09/05 11/05 13/05 18/05 24/05 TAMERLANE FF620 13/05 17/05 19/05 21/05 26/05 03/06 FIGARO FF622 01/06 05/06 07/06
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  • DINING OUT
    • Article, Illustration
      Lock icon Smart yet down-to-earth cooking
      966 27 Its name may be fictitious but deep down, Mo’mor Izakaya is all real. BY JAIME EE NEW RESTAURANT Mo’mor Izakaya 56 Tanglin Road Post Office #B1-01 Tel: 6463 8080 Open 11am to 11pm (Mon to Wed); 11am to 1am (Thurs to Sat); 11am to 11pm (Sun)
      bite to it. photo: TAN MENG CHOON; PHOTO: TAN MENG CHOON  -  966 words
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      77 27 Our review policy: BT pays for all meals at restaurants reviewed on this page. Unless specified, the writer does not accept hosted meals prior to the review’s publication. it Al\ h 55 Have a taste of Korean Andong Jjimdak zaobao.sg 4 bit.ly/andongjjimdakzb Chinese Language Content www.omy.sg SOlqRm ffl, fig#? SCAN
      77 words
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      334 27 EXECUTIVE MENUS set to IMPRESS For Limited Time Only. Award-winning Hua Ting Restaurant presents three value-packed Executive Set Lunches from $35. Savour exquisite five-course menus featuring a curated selection of Masterchefs signatures and creations. Dim Sum Delights Hua Ting Classics Flavours of Spring For reservations, please call 6739 6666 or
      334 words
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  • LIFE & CULTURE
    • Article
      Lock icon Till wrinkles do us part: introducing the brotox groom
      1427 28  -  Brides used to be the only ones getting prettified for weddings. Now, it’s guys too. BY ALIX STRAUSS NYT New York IF some men look a little facially frozen in their wedding photos, it’s now perhaps because of the Botox. If
      NYT  -  1,427 words
    • Article, Illustration
      Lock icon Verstappen makes F1 history as Mercedes crash out
      733 28 REUTERS Barcelona DUTCH teenager Max Verstappen made Formula One (F1) history as the youngest race winner on Sunday in a sensational Spanish Grand Prix that saw dominant Mercedes drivers Lewis Hamilton and Nico Rosberg collide and crash out on the opening lap.
      REUTERS; PHOTO: AFP  -  733 words
    • Article, Illustration
      Lock icon Fifa compliance chief quits in protest at changes
      465 28 BLOOMBERG London FIFA’s head of audit and compliance, Domenico Scala, quit on Saturday to protest changes at the top of global football’s governing body that he said will imperil efforts to eliminate corruption. Mr Scala, who was with the organisation for four
      BLOOMBERG; PHOTO: REUTERS  -  465 words
  • Page 28 Miscellaneous
    • Miscellaneous
      Lock icon Page 28 Miscellaneous Column 1
      349 28 CRYPTIC CROSSWORD Across 1 Lake in very good Somerset location for fish (8) 6 Game you set about after drink (6) 9 English county accommodating a Scottish football team (6) 10 One has got on unexpectedly (8) 11 Provision for the infirm at no cost? That could make one happy-go-lucky
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