The Business Times, 20 May 2016

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Total Pages: 32
1 32 The Business Times
  • 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 GFriday, May 20, 2016
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  • Article, Illustration
    207 1 ACRA is beginning to investigate possible breaches of regulations at Singapore Post’s board. TOP STORIES 2 ST Telemedia is becoming one of the largest homegrown data centre players in Asia with its latest purchase of a stake in India’s Tata Communications. TOP STORIES 4 Singapore authorities have launched
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  • 1090 1  -  It plans to deploy S$5b each in overseas investments and funds management over a five-year period, says group CEO By Lynette Khoo lynkhoo@sph.com.sg @LynettekhooBT Singapore CITY Developments Limited (CDL) is eyeing strategic investments in re-al-estate companies to take advantage of
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  • 1343 1  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur WHEN Genting Hong Kong (GHK) was told it would have to wait a decade for the cruise ships it ordered to be delivered, it simply shelled out 250 million euros (S$386 million) to acquire a
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  • 26 1 Thursday Change STI 2,740.11 -37.00 KL Comp 1,633.76 -1.96 Nikkei 225 16,646.66 +1.97 Hang Seng 19,694.33 -132.08 Shenzhen B 1,026.49 +3.74 Dow(11.45am EDT) 17,340.28 -186.34
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  • Page 1 Advertisements
    • 120 1 *****1 *****1 M THE BUSINESS TIMES 40TH ANNIVERSARY our cutting-edge trading platform Fully customisable to suit your trading style, our platform has fast execution and reliability at its core. Couple that with powerful trading tools, advanced charting including over 80 technical indicators and drawing tools, plus native mobile apps. It's
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    • 32 1 PROPERTY MARKET Qatar Investment Authority in exclusive talks to buy Asia Square Tower 1 TOP STORIES 2 HOCK LOCK SIEW Worry over First Sponsor’s financing business may prove unfounded COMPANIES MARKETS 7
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    • 15 1 SIFA PRE-FESTIVAL The OPEN ups its game with unusual selection of events BT LIFESTYLE 32
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  • TOP STORIES
    • 994 2  -  Corporate watchdog asked SingPost for joint special auditors’ report on corporate governance; stock slides as much as 3.5% to 2½-month low of S$1.525 By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE local corporate watchdog is showing its teeth. The Accounting and Corporate Regulatory Authority (Acra)
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    • 808 2  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore A NEW party is in exclusive negotiations with BlackRock to buy Asia Square Tower 1. This time, sovereign wealth fund Qatar Investment Authority (QIA) is said to be the potential buyer.
      FILE PHOTO  -  808 words
    • 454 2  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore MINISTER for Trade and Industry (Industry) S Iswaran will deliver the keynote address at The Business Times Leaders’ Forum on May 31, in place of Finance Minister Heng Swee Keat. Mr Iswaran, who is co-chairman of the
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    • 749 4  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore WHILE consumption of steel in China will continue to grow into the next decade, demand for iron ore will fall as the country turns to using more scrap in its steel
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    • 601 4  -  The deal ties the Singapore firm more closely with tech giant Amazon By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SINGAPORE Technologies Telemedia (ST Telemedia) is bulking into one of the largest homegrown data centre players in Asia with its latest purchase
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    • 596 4  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore SINGAPORE prosecutors are likely to press new charges against former BSI banker Yeo Jiawei, who has already been charged with seven offences ranging from money laundering, forgery and cheating to obstruction of justice, as a result
      PHOTO: REUTERS  -  596 words
    • 1145 4  -  NEWS ANALYSIS By hweetan@sph.com.sg Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore ANY Singaporean visiting Iran has to go through a lengthy visa application. This takes about two hours on the standard queue and one hour or less on fast-track priority at a surcharge.
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    • 636 6  -  wrapping up his three-day visit to Moscow, he invites Russian PM to Singapore, looks forward to growing trade ties further with Russia By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore PRIME Minister Lee Hsien Loong spent Thursday, the third and final day of his
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  • Page 4 Advertisements
    • 240 4 G8 Education Limited (Incorporated in the Commonwealth of Australia) (ACN 123 828 553) (the “Company”) NOTICE TO HOLDERS OF THE OUTSTANDING S$260,000,000 4.75 PER CENT. FIXED RATE NOTES DUE 2017 (ISIN: SG6QC*****08) (THE “NOTES”) ISSUED BY THE COMPANY PURSUANT TO THE S$600,000,000 MULTICURRENCY DEBT ISSUANCE PROGRAMME (“PROGRAMME”) NOTICE OF REDEMPTION
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  • Page 6 Advertisements
    • 1653 6 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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    • 1317 6 Svenska Handelsbanken (Incorporated in Sweden) www.handelsbanken.com Singapore Branch: 65 Chulia Street #21-01/04 OCBC Centre Singapore *****3 Telephone: 65-6532 3800 Telefax: 65-6534-4909 Swift Address: HAND SG SG Balance Sheet of Parent Company as at 31 December Income Statement of Parent Company for the year ended 31 December Notes to the account
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  • COMPANIES & MARKETS
    • 796 7  -  Temasek Holdings says it is ‘open’ to retail bond issuance and will explore new frameworks By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE authorities have launched their latest effort to boost the retail bond market with long-discussed bond seasoning and
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    • 698 7  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore SEMBCORP Marine subsidiary PT SMOE inaugurated on Thursday a training and learning centre in Batam that will work towards retaining a core group of skilled workers for the delivery of both domestic
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    • 1110 7  -  HOCK LOCK SIEW BY LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT FOR more than four years, First Sponsor Group a mixed property developer and owner of commercial properties in China and the Netherlands has been operating a property financing business out
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    • 455 8  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore FRIED chicken and hot-air balloons were among the business segments that gave a lift to fiscal fourth-quarter earnings for Yoma Strategic Holdings, a group primarily known as a Myanmar real estate developer. Non-real estate businesses and contributions
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    • 1015 8  -  Hard for Genting Malaysia to dispose of Genting HK stake but continuing to hold it is not necessarily bad: Lim Kok Thay By Pauline Ng btworld@sph.com.sg Kuala Lumpur ALTHOUGH Genting Malaysia Bhd (GenM) will find it tough to dispose of its
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    • 404 8  -  By Renald Yeo yrenald@sph.com.sg Singapore HEALTHCARE is one of the growth sectors that the Community on the Future Economy (CFE) is actively exploring as Singapore is well positioned to capture opportunities from new healthcare trends, Trade and Industry (Industry)
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    • 437 8  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore HALF of the newly formed businesses in the first quarter of this year were foreign-held companies, pushing up the proportion of 100 per cent for-eign-held companies from 24 per cent in Q4 last year to 37
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    • 521 9  -  Management reports oversupply in some Chinese cities, lowers FY17 development start target By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore WAREHOUSE provider Global Logistic Properties (GLP) posted a surge in earnings for its fiscal fourth quarter on the back of higher revenue and fair value gains
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    • 540 9 REUTERS New York SINGAPORE investment company Temasek Holdings and a consortium that includes China Investment Corp (CIC) and KKR Co have advanced to a second round of bidding for a minority stake in Yum Brands Inc’s
      REUTERS  -  540 words
    • 366 9 STRAITS TIMES ONLINE Singapore THE rise of financial technology (fintech) firms highlights the shift to digital in financial services but banks will retain a place at the centre of the industry and continue to work both alongside and in competition with new entrants, said
      STRAITS TIMES ONLINE  -  366 words
    • Article, Illustration
      63 10 STI Catalist Straits Times Index May 19,2016 2,740.11 -37.00 (-1.33%) Current streak 2 days Day high 2,775.45 Day low 2,731.48 52-week high 3,460.85 (May 25, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist Index May 19,2016 431.12 -7.15 (-1.63%) Current streak 1 day Day high 439.39 Day low
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    • 621 10  -  ST Index falls 1.3 per cent on average market volume of S$1.05 billion; GLP slides after two days of gains STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE minutes of the April US Federal Reserve Open Market Committee (FOMC) meeting that were released on
      Source: Bloomberg  -  621 words
    • 304 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 227 -5 230/224 255 209 6.8 5982.1 CapitaCom Trust 138 -3 142/137.5 166.5 122.5 6.2 4079.7 CapitaLand 296 -3 300/295 367 267 11.8 3 *****.8 CapitaMall Trust 205 -3 207/202 224 184.5
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    • 36 10 VOLUME Ezra 76,542,800 Magnus Energy 58,232,500 Golden Agri-Res 56,860,500 Noble 54,467,100 Global Logistic 53,821,400 Market volume 1,715,107,000 VALUE Global Logistic 99,682,989 Singtel 88,362,798 OCBC Bank 65,474,440 DBS Grp 56,199,815 ThaiBev 44,700,976 Market value 1,082,965,000
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    • 113 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 279 -2 421 282/278 351/254 278/279 Nikko AM STI ETF 284 -3 243 287/283 356/259 283/284 6.8 DBXT MSRussia US$ US193 -3 135 197/193 229/129 192/193 ABF SG Bond ETF 117.6 -0.4 56 118/117.5
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    • 77 10 May 19 VALUE CLOSE BT OB/OS -425.00 -120.00 BT CADI -*****.00 -116.00 BT 10-day MA -*****.00 -42.00 FTSE ST Mid Cap 666.76 -7.26 FTSE ST Small Cap 388.92 -3.28 FTSE ST All Share 671.84 -8.41 FTSE ST China Top 159.66 -1.93 FTSE ST China 188.83 -2.21 FTSE
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    • 35 10 STI FTSE ST All-Share ftse ST All-Share index May 19,2016 671.84 -8.41 (-1.24%) Current streak 1 day Day high 679.26 Day low 670.76 52-week high 830.71 (May 25, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • 33 10 STI MSCI EAFE MSCI EAFE index May 18,2016 1,643.41 -0.66 (-0.04%) Current streak 1 day Day high 1,644.84 Day low 1,628.18 52-week high 1,948.41 (May 21, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 6 3 1 0 0 6 6 3 Manufacturing 28 44 27 5 17 8 33 61 35 Commerce 18 18 8 4 6 4 22 24 12 Tpt/Stor/Comms 14 14 5
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    • 119 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,583 166 17,749 55,551 30 55,581 Manufacturing 112,671 89,182 201,853 118,594 1,547 120,141 Commerce 114,843 33,343 148,186 61,126 813 61,939 Tpt/Stor/Comms 169,553 169,553 188,160 188,160 Finance 34,914 146 35,060 176,181 23 176,204 Construction 5,674 4,886
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    • 75 10 BY CENTS CLOSE UP 52w high/low DBXT iBoxxSing SG$ ***** 220.0 1.6 *****/***** Hyflux 6% CPS ***** 29.0 0.3 *****/***** Great Eastern 2115 10.0 0.5 2506/1870 DBXT MSEurope US$ 5277 9.6 0.1 6202/4770 Chemical Ind 63.5 8.5 15.5 65/41 BY PERCENTAGE CLOSE UP 52w high/low Jadason 3.5 40.0 1.0
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    • 72 10 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -226.0 -1.3 *****/***** SPDR S&P500 US$ ***** -141.9 -0.5 *****/***** DBXT ASX200 US$ 3280 -119.9 -2.6 3852/2900 JMH USD 5378 -119.9 -1.6 6272/4500 Jardine C&C 3220 -94.0 -2.8 4520/2636 BY PERCENTAGE CLOSE DOWN 52w high/low CPH 0.4 -55.6 -0.5 1.2/0.3
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    • 82 10 VOL CLOSE($) CHANGE Suntar Eco-City 2.8 0.260 -0.240 -48.00 Heatec Jietong 1,125.4 0.030 +0.007 +30.44 TPV Tech 115.9 0.235 +0.035 +17.50 Jadason 35,836.7 0.035 +0.010 +40.00 Chemical Ind 125.0 0.635 +0.085 +15.46 Joyas Intl 13,379.9 0.006 +0.001 +20.00 Asiatic 5,699.6 0.017 +0.001 +6.25 United Food 21.0 0.075 -0.018
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    • BROKERS’ TAKE
      • 150 10 Singapore Reits Neutral OCBC Investment Research, May 19 During the recently concluded Q1 2016 earnings season, all 22 S-Reits under our coverage posted results which met our expectations. However, reported distribution per unit (DPU) was largely subdued, a clear reflection of the challenging operating environment. This was partly bogged down
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      • 128 10 Dairy Farm international Hold Target price: US$6.75 May 19 close: US$6.50 CIMB Research, May 18 FY15 represented a challenging consumer trading environment and Dairy Farm International (DFI) recorded its biggest earnings decline in over a decade. The problems were: 1) weak macro slowing topline growth, and 2) added costs from
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      • 190 10  - SATS Ltd Sell Compiled by Jamie Lee Target price: S$3.86 May 19 close: S$4.34 Maybank Kim Eng Research, May 18 SATS’s share price outperformed over the past year as investors priced in the prospects of strong earnings per share (EPS) growth. The stock is currently trading near peak valuations and
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    • 8 10 DATA IMay 20 S’pore Wholesale Trade Index
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    • 413 11 CURRENCIES REUTERS London THE US dollar steadied at its highest levels since March on Thursday after a perceived increase in chances of a rise in US interest rates by September drove its biggest daily gain against the euro in five weeks. Stronger
      REUTERS  -  413 words
    • FOREX RATES
      • 471 11 May 19 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.943 4.722 0.643 5.606 48.553 97.511 0.795 8.586 2.944 1.069 75.608 33.778 0.995 11.381 0.713 23.641 25.750 0.495 0.722 Canada 1.061 5.009
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      • 155 11 May 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9944 0.9954 0.7217 0.7221 Canadian dollar 1.0551 1.0559 0.7660 0.7658 Euro 1.5455 1.5467 1.1217 1.1220 NZ dollar 0.9306 0.9316 0.6754 0.6758 Sterling pound 2.0097 2.0111 1.4586 1.4589
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      • 22 11 May 19 S$ Bid Offer 1-month 1.3784 1.3793 2-months 1.3790 1.3800 3-months 1.3796 1.3807 6-months 1.3813 1.3828 Source: OCBC
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      • Article, Illustration
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    • EQUITY BONDS WARRANTS FUTURES
      • 390 11 May 19 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES May16 9282.50 9320.00 9225.00 9285.00 *****5 *****4 Jun16 9010.00 9057.50 8965.00 9035.00 ***** ***** NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 ***** *****5 Sep16 *****.00 *****.00 *****.00 *****.00 169 2868 MSCI TAIWAN
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      • 207 11 Most active May 19 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 7.9 -0.4 7606 0.1 1480 2 OCBC Bk MBeCW*****4 7.3 0.2 3744 0.1 820 5 OCBC Bk MB eCW*****3 3.5 0.2 3466 0.1 900
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      • 377 11 In local curr In S$ In US$ dy yr dy yr dy yr May 18 Index Change Change Change Change Change Change World Preliminary 1244.3 0.3 -2.6 0.9 -3.9 0.2 -1.1 EAFE Preliminary 937.1 0.2 -7.5 0.7 -7.0 0.0 -4.2 Europe Preliminary 1326.4 0.4 -6.1
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    • BANK RATES
      • 154 11 May 19 $S Offer Bid 0vernight 0.07 0.05 1-month 0.7500 0.6250 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: 0.15 US$ 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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      • 67 11 May 19 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 98.98 5-Year NX*****X 2.250 01-Jun-21 102.92 103.02 103.02 10-Year NX*****Z 2.375 01-Jun-25 102.33 102.58 102.20 15-Year NZ*****F 2.875 01-Sep-30 105.68 105.90 105.90 20-Year NZ*****V 3.375 01-Sep-33 112.74 112.80 112.80
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    • AGRI METALS ENERGY
      • 249 11 May-18 Price Net change change Last Trade Agricultural May-18 CBOT Soybeans (US cents/bu) 1075.25 -5.00 -0.46% 14/07/2016 CBOT Soybean Oil (US cents/lb) 32.45 -0.33 -1.01% 14/07/2016 CBOT Wheat (US cents/bu) 480.00 -1.75 -0.36% 14/07/2016 May-18 LIFFE Cocoa (£/tonne) 2141.00 8.00 0.38% 14/07/2016 LIFFE Coffee (US$/tonne) 1640.00 -30.00 -1.80%
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    • 1685 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 151.5 127 AIMSAMP Cap Reit 138 -3.5 756 141.5 134.5 0.9 8.2 876.8 Div 172.7 101 ARA Asset Mgmt 134 -0.5 287 134.5
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    • 281 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net MCap High LOW 19.9 8.3 t Anchor Resources 10.5 -0.3 2688 11.3 10.5 29.4 Sale C000) High LOW C'vr P/E 25.5 8.8 t 3Cnergy 9.5
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    • 106 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last 103.3 69.1 CIMB APAC Div US$ US74.9 -1.1 26 75.3 74.9 7.9 vol 4190 2355 DBXT China50 US$ US2598 -52 11 2627 2597 7.1 380 190 DBXT MSBrazil US$
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  • Page 7 Advertisements

  • Page 8 Advertisements
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  • Page 12 Advertisements
    • 71 12 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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  • Page 13 Advertisements
    • 567 13 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF (1) GLOBAL MARITIME INVESTMENTS VESSEL HOLDINGS PTE LTD Reg. No. *****9425K (2) GMI PATRIZIA PTE LTD Reg. No. *****7487H (3) GMI LLOYD PTE LTD Reg. No. *****7477R
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    • 1863 13 ADDRESS: No. 3 SUNG-SHOU ROAD, TAIPEI, TAIWAN, R.O.C. TELEPHONE NUMBER: 886-2-2722-2002 CTBC BANK CO., LTD. CTBC BANK CO., LTD. FINANCIAL STATEMENTS DECEMBER 31, 2015 AND 2014 AND INDEPENDENT AUDITORS’ REPORT BALANCE SHEET For the years ended December 31,2015 and 2014 (Expressed in Thousands of New Taiwan Dollars) December 31,2015 December
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  • ENERGY & COMMODITIES
    • 479 15 Ample oil inventories near record highs on ships and land leave buyers in no hurry to lock down new crude supply REUTERS New York OIL traders from Houston to the North Sea are tapping plentiful storage onshore and offshore, evincing little sign of
      REUTERS  -  479 words
    • 376 15 BLOOMBERG Jakarta TIN production in Indonesia could slump to a 14-year low as weak prices and government regulations curb mining in the world’s largest exporter. Output of the refined metal, used in cans and circuit boards, may fall to 60,000 tonnes this
      BLOOMBERG  -  376 words
  • Page 15 Advertisements
    • 634 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF E-WORLD ACCOUNT (PTE.) LTD. (In Liquidation) Reg. No. *****2577C NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the sole member of the abovenamed Company duly convened and held at 164 Bukit Merah Central #03-3655 Singapore
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    • 605 15 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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    • 721 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MONEY SCENT PTE. LTD. ACRA No. *****1540E (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 abovenamed
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    • 682 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PRICE SOLUTIONS SINGAPORE PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****8266Z NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of PRICE SOLUTIONS SINGAPORE PTE. LTD. deemed to have been duly convened
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    • 698 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF X-PRESS KARAKORAM PTE. LTD. (INCORPORATED IN SINGAPORE) COMPANY REGISTRATION NUMBER: *****9170R Notice of Resolution for Member’s Voluntary Winding Up (Pursuant to Section 290) At the Extraordinary General Meeting of X-PRESS KARAKORAM PTE. LTD. duly convened and
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    • 785 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF FEATURE LAND PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****1176C) NOTICE OF RESOLUTIONS At the Extraordinary General Meeting of Feature Land Pte Ltd duly convened and held on the 13th day of May 2016,
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  • TECHNOLOGY
    • 785 16 Gumi CEO says it “feels like 2007 all over again” the year the smartphone era began, with the debut of the iPhone BLOOMBERG Tokyo HIRONAO Kunimitsu turned Gumi Inc into a 32 billion yen (S$402 million) company by betting early on
      BLOOMBERG; PHOTO: BLOOMBERG  -  785 words
    • 573 16 Meeting also included training session on audience engagement, Oculus demonstration BLOOMBERG San Francisco FACEBOOK Inc chief executive officer Mark Zuckerberg met political conservatives to explain how the social network comes up with its trending news topics, seeking to quell concerns that liberal-leaning news and
      BLOOMBERG  -  573 words
    • 743 16 BLOOMBERG Taipei FOR investors in Taiwan’s US$841 billion stock market, Tim Cook matters more than Tsai Ing-wen. While the ascension of independ-ence-leaning Ms Tsai to the presidency on Friday has sparked concern that relations with China will
      BLOOMBERG  -  743 words
    • 700 16 Only around 35 startups selling stakes to the public on nine funding websites REUTERS San Francisco EVERYDAY investors can finally buy shares in private startups, but so far “crowdfunding” is off to a slow start. After new investment rules came into
      REUTERS  -  700 words
  • Page 16 Advertisements
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    • 46 16 MAD OVER MANGOES It is that time of the year when Indians head to Little India for their favourite fruit Top thinker Subir Chowdhury on his IIT days, human quality and his next book GET YOUR COPY TODAY TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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  • CONSUMER
    • 577 17 Recent spate of eye-popping bids at jewel auctions highlights surging value of gems AFP Geneva A DAZZLING blue diamond once owned by mining magnate Philip Oppenheimer fetched a record US$50.6 million at auction in Geneva on Wednesday, auction house Christie’s said. The 14.62 carat
      AFP; PHOTO: AFP  -  577 words
    • 871 17 REUTERS Antwerp MINING group Anglo American has retained De Beers as a prize asset after a radical overhaul in the belief that surging Chinese and Indian demand for diamonds will outstrip dwindling supply even after a 2015 crunch. The group, in which Anglo American
      REUTERS  -  871 words
    • 460 17 BLOOMBERG Hong Kong MONSANTO Co, the world’s largest seed maker with a market value of US$42 billion, said that it received an unsolicited takeover approach from Germany’s Bayer AG, the latest step in the consolidation of the global seed and crop chemical
      BLOOMBERG  -  460 words
    • 397 17 REUTERS Helsinki THE Nokia name will return to the mobile phone market after a company backed by one of its former executives teamed up with manufacturer Foxconn to buy the rights to the brand for mobile devices. Nokia, once the world’s biggest maker
      REUTERS  -  397 words
  • Page 17 Advertisements
    • 397 17 THE ’UBERISATION‘ OF PROFESSIONAL SERVICES THINK BIG L E A D E R S H I P BUSINESS SERIES 2016 Managing partners of law and accounting firms today face novel challenges and opportunities as they operate in the ’new normal‘ market while upholding the highest integrity of the profession. What
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  • REAL ESTATE
    • 657 18  -  This is lower than the reserve price of at least S$688m during a relaunch in January after a failed attempt in Sept By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore SHUNFU Ville was sold to developer Qingjian Realty for S$638 million on Thursday, marking the
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    • 595 18  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore IN what could be the first in recent years, developers of an upcoming private condominium project have released the full price list one week ahead of launch and is making a commitment to stick
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    • 606 18  -  Six Asia-Pacific cities among world’s 10 most expensive warehouse rental markets: report By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore SINGAPORE is the fourth most expensive prime logistics market in the world, with rentals of US$10.91 per square foot per year (or S$ 1.25 psf
      606 words
    • 492 18  -  It is looking at different sites for a city centre hotel to complement the one in Sentosa B y Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore W HOTEL Worldwide sees room for a second W hotel in Singapore in the city centre to complement its
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    • 141 18 printpack+sign SINGAPORE'S PRINTING, PACKAGING SIGNAGE BUSINESS EXHIBITION 29 JUNE -1 JULY GRAND PRIZE DRAW. A Level 1, Hall B, Sands Expo Convention Centre Marina Bay Sands, Singapore > PLATINUM SPONSORS WIN GREAT PRIZES at PRINTPACK+SIGN PRE-REGISTER ONLINE TO RECEIVE A GAME CARD WHEN YOU ARRIVE A Terms Conditions apply. Exchange
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    • 19 18 Chinese Language Content 05^0 15ft 0ffes SCAN&READ TOP5 Top 5 places in Singapore to get your cheese tart fix
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    • 270 18 With the interest rates increasing and cost of goods getting higher, we are not earning fast and enough to keep up with the footsteps of the market. What happens when one (or two, or three!) jobs do not suffice? How are we going to make sure we have enough for
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  • Page 19 Advertisements
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  • GOVERNMENT & ECONOMY
    • 940 20 Message sharply at odds with expectations of investors who had largely written off a June increase NYT Washington THE Federal Reserve sent a sharp, simple message to financial markets on Wednesday: Pay attention. The Fed is thinking seriously about raising
      NYT  -  940 words
    • 593 20  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE Singapore of the future, 50 years from now, will be defined much more in social terms than economic ones, said Speaker of Parliament Halimah Yacob on Thursday. “Economic vibrancy is important, but life
      PHOTO: KEVIN LIM/THE STRAITS TIMES  -  593 words
    • 547 20 REUTERS Taipei TAIWAN’S new ruling party is set for an early clash with China over the first major item on its legislative agenda: a bill that could paralyse trade between the two rivals and which Beijing has already
      REUTERS  -  547 words
    • 656 20  -  By Anthony Rowley btworld@sph.com.sg Tokyo TWO controversial Japanese political figures have challenged US presidential candidate Donald Trump to a public or private debate on how to deal with Japan, China and North Korea. Former Tokyo governor Shintaro Ishihara and former Japanese government
      PHOTOS: BLOOMBERG  -  656 words
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  • SPECIAL FEATURE LUXURY LIVING
    • 1042 21  -  By Hafz Rasid A home makeover should be welcoming and satisfying, and as fuss free as possible. Given the cost involved in beautifying a living space, homeowners should carefully plan the look and feel of each room before splurging on home furnishings. When
      Photo: Nobel Design; Photo: The Furniture Mall  -  1,042 words
    • 198 22  -  By Latashni Gobi Nathan When you come home, you want a bed or a sofa that can help create an ambience you can relax in. When looking for a sofa to ft your living room, consider the size, material, the colour and the support it ofers.
      Photo: Tempur Singapore; Photo: Ackerman & Smith  -  198 words
    • 119 22 FOR THE BEDROOM Tempur Breeze Collection Tempur Breeze mattresses optimise the microclimate around your body to help you feel cooler when you sleep. The material used in the Tempur Climate mattress allows for faster and more effcient moisture movement and breathability. The special performance fabric
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    • 124 22 Hugo sofa The stylishly designed yellow Hugo sofa will add a bold style to any living room. Made from full Italian cow leather, the sofa comes with adjustable headrests and elegant and sleek armrests. The Hugo sofa can be modifed to meet diferent size requirements for
      Photo: Cosimo Gallery; Photo: Furniture Mall  -  124 words
    • 707 23  -  By Belinda Wan The most expensive sofa, softest pillows and best mattresses all need to be maintained properly for a longer shelf life. Here are some simple ways you can do this. EASY SOFA MAINTAINENCE Learn how to take care of your sofa
      Photo: Cosimo Gallery; Photo: Tempur Singapore  -  707 words
  • Page 21 Advertisements
    • 224 21 ADVERTORIAL thefurnituremall living as you like it 10 TOH GUAN ROAD Fashioning Your Signature Style in Luxury Living With dedication and focus, you can achieve practical luxury by glamming up significant living spaces. A change of furniture and furnishing accessories can effect a brand new ambience in any living room
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  • Page 22 Advertisements
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    • 18 22 For advertising enquiries, please call Sebestian Loh 6319 5412/ 9856 9076 or Cathy Dou 6319 2416/ 9680 6677.
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  • Page 23 Advertisements
    • 88 23 SPECIAL PROMOTION For The Business Times Readers Only! For Those Who Understand Quality V'1 i w FULL ITALIAN LEATHER SECTIONAL SOFA WITH ADJUSTABLE HEADREST FULL LEATHER CORNER SUITE C/W2AUTOINCLINERS C FULL ITALIAN COW LEATHER C/W I AUTO INCUNER (2SEATER CHAISE) $1999 U.P. $3480 FULL ITALIAN COW LEATHER DESIGNER SUITE $1799
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    • 131 23 i MAI PRESSES PILLOWS Experience the feeling of being weightless Soft where you want it, firm where you need it™ TEMPUR® gives you a sleep experience beyond comparison. The unique TEMPUR® material of our mattresses and pillows conforms and adapts to the exact shape of your body. II lets you
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  • Page 25 Advertisements
    • 1981 25 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
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    • 245 25 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 128 BST014 21/05/2016 22/05/2016 Buatan/Buatan DAILY Marco Polo 262 PRW065 21/05/2016 22/05/2016 Pelindo/Perawang DAILY Marco Polo
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  • OPINION
    • 578 26 EDITORIAL CRITICS of the Singapore Exchange (SGX) are shaking the wrong tree when they point to the current wave of delistings as a sign of the market’s problems. Delistings are par for the course on a healthy bourse.
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    • 657 26  -  THE BOTTOM LINE By Robert Samuelson THE WASHINGTON POST WRITERS GROUP Washington BRAZIL cannot seem to catch a break. It is suffering the worst economic slump in decades; its president may be thrown out of office; it is contending with the
      THE WASHINGTON POST WRITERS GROUP  -  657 words
    • 1349 26  -  The International Ethics Standards Board for Accountants has done the right thing by taking the bull by its horns and trying to strike a fine balance for the greater good. BY KANG WAI GEAT good.BY KANG WAI GEAT T The writer is assistant director of
      PHOTO: KEVIN LIM/THE STRAITS TIMES  -  1,349 words
    • 839 27  -  COMMENTARY By Jarand Rystad T The writer is managing partner of Rystad Energy. He was the keynote speaker at the Offshore Marine Forum held during the annual Singapore Maritime Week in April OIL prices have dominated headlines for the better part of this
      839 words
    • 745 27  -  By Anthony Rowley Tokyo WITH the threat of currency wars rumbling like distant thunder, exchange rate volatility will probably loom large at the Japan-hosted G-7 finance minister and central bank governor meeting in Sendai this weekend. But
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    • 1179 27  -  The influence of social media has spread to become one of the most important new ways for businesses to reach a potential audience of millions. By JOHN BOX By JOHN BOX T The writer is executive director of Meltwater Asia Pacific OVER
      PHOTO: AFP  -  1,179 words


  • CITY LIFE
    • 769 28  -  Soak in the sights, sounds and smells of a traditional outdoor Japanese street food celebration at the inaugural Super Japan Festival. BY AVANTI NIM BY AVANTI NIM avantin@sph.com.sg NO, the Super Japan Matsuri isn’t a new breed of Pokemon. But it may well start a craze
      PHOTOS: ESPLANADE  -  769 words
    • CITY BUZZ BT writers'picks of what to see, do or talk about
      • 272 28  -  everything.By Tay Suan Chiang DINING Theatrical Sunday Champagne Brunch Affair YOU can have the best of both worlds at Edge, the buffet restaurant at Pan Pacific Singapore. By that, we mean that you can indulge in a Sunday champagne brunch, while still being able to sleep
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      • 177 28  -  NIGHTLIFE By Helmi Yusof YOUNG creatives come together for the third time in Overtime, a too-cool-for-school showcase of music and art organised by Popspoken in partnership with CATO and Knight Runners. Its pop-up art gallery consists of mixed media works by budding artists as well
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      • 218 28  -  SHOPPING By Cheah Ui-Hoon JEWELLERY lovers will be happy to know that La Putri jeweller is holding a charity sale at its boutique this weekend to raise funds for local eye-charity iC2. La Putri will launch a new capsule collection of designs inspired by visually impaired
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      • 187 28  -  DINING By Rachel Loi SPRINGTIME takes centre stage at one of Singapore’s award-winning establishments the French restaurant JAAN at Swissotel The Stamford with Chef de Cuisine Kirk Westaway’s new Spring menu. Dishes include the Pertuis Asparagus crunchy, white asparagus covered in garlic crumbs, raw asparagus carpaccio, and
        PHOTO: JAAN  -  187 words
      • 218 28  -  DINING ry By Dylan Tan KATONG has always been the hub of all things Peranakan so it’s only apt Grand Mercure Singapore Roxy has brought back its famous buffet celebrating the best of Peranakan cuisine in the heart of the heritage district. Held at its Feast@East
        PHOTO: GRAND MERCURE SINGAPORE ROXY  -  218 words

  • WINE/ARTS
    • 970 29  -  The 2015 has all the boxes ticked: richness, power, complexity, balance, freshness and above all class. BY NK YONG WINE BY NK YONG ENSCONCED in my cosy hotel room overlooking the harbour of Geteria, San Sebastian, I finally have time to catch my breath
      PHOTO: NK YONG  -  970 words
    • 504 29  -  ARTS By Cheah Ui-Hoon uihoon@sph.com.sg COULD dancers do more than just move to music, but use their bodies and movement to make the music instead? An experiment with Singapore composer Joyce Beetuan Koh, RAW Moves artistic director Ricky Sim and instrument-systems engineer Felix Leuschner explores new
      PHOTO: RAW MOVES  -  504 words
  • Page 29 Advertisements
    • 116 29 “3PLUS3 COLOURS EMOTION” Art Exhibition 20thMay 12thJune 2016 10:30am 9:30pm Daily A collective showcase of 6 renowned international artist from Singapore and China: Koeh Sia Yong, Chew Piak San, Wu Xueli, Wang Huang Xiang, Chen Lian Jun and Wang Yu Feng. Colours Emotion is an exhibition that depicts the colourful
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  • Page 29 Miscellaneous
    • 331 29 CRYPTIC CROSSWORD Across 1 Lodging with club perhaps this gets you through gate (8,4) 9 Lost again, lost in dreams of times past (9) 10 Piece about lower socioeconomic groups in suit (5) 11 A canvas by Lowry originally undeveloped (6) 12 Heart-throb may be strangely isolated (8) 13 Counter
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  • ARTS
    • 847 30  -  Black Shoals: Dark Matter crunches stock exchange data into a galaxy of stars. BY CHEAH UI-HOON IF you’re seeing stars on those stock market charts you stare at onscreen all day, it’s not a sign of an impending nervous breakdown. It’s just your
      PHOTOS: ART SCIENCE MUSEUM  -  847 words
    • 708 30  -  By Cheah Ui-Hoon uihoon@sph.com.sg BY now, it’s pretty clear to most urban professionals that anything you do can be captured by data. Every form you fill, every Facebook post, every ERP charge, or credit card swipe, can leave digital traces. It’s a pesky by-product of
      708 words
    • 551 30  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT AT the ticketing counter of Pangdemonium’s new heart-wrench-ing play Falling, the staff was offering packets of tissue along with the programme booklets. Take it if you’re prone to weeping, because there’s no way your eyes will stay dry for
      PHOTO: CRISPIAN CHAN  -  551 words
    • 491 30  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT AS part of the Esplanade’s ongoing Super Japan festival, two theatre directors Singapore’s Chong Tze Chien and Japan’s Shigeki Nakano have given two starkly different interpretations of Yukio Mishima’s 1950s Noh play The Damask Drum. In Mishima’s version, an
      PHOTO: ESPLANADE  -  491 words

  • CINEMA/MUSIC
    • 621 31  -  At the tender age if 13, Joey Alexander has already garnered a standing ovation at the Grammys and released a debut album. BY AVANTI NIM MUSIC album.BY AVANTI NIM avantin@sph.com.sg HE might only be 13 years old, but Indone-sian-born Joey Alexander has already accomplished what a lot of
      PHOTO: REBECCA MEEK  -  621 words
    • 657 31  -  Even cutting-edge CGI cannot save X-Men: Apocalypse, the 9th film, from digital demise. MOVIES By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT demise.BY DYLAN TAN SUMMER movie season has barely begun but we are already suffering a bout of superhero fatigue. The dust has
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    • 565 31  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT THERE was a time when starring in a TV movie wasn’t exactly a badge of pride for any actor. All that has changed now thanks to HBO and Netflix producing original content. The ante and production
      PHOTO: NETFLIX  -  565 words

  • BT Lifestyle
    • Article, Illustration
      659 32  -  Fashion and provenance The OPEN, a pre-festival of the Singapore International Festival of Arts, ups its game with an unusual selection of events this year. Ex-fashion models, grungy rock stars and a six-hour film trilogy are just some of its headliners. Here are BT Lifestyle’s favourites. BY HELMI
      PHOTOS: RAMIRO CHAVES, VINCENT LAPPARTIENT  -  659 words
    • 568 32 Perhat Khaliq June 23 24,8pm Victoria Theatre Senyawa July 7,8,9, 6.30pm to 11pm Old Kallang Airport Part of the night extravaganza Club Malam PERHAT KHALIQ should not exist. Not as a Chinese-Muslim rock star whose gravelly, soulful voice sounds like a cross between Leonard Cohen and
      PHOTO: MUKADDAS MIJIT, ATELIER CLAUS  -  568 words
    • 479 32 FOR the third year running, film curator Tan Bee Thiam has selected an eclectic array of 23 indie films for The OPEN. Here’s our pick of the most intriguing titles: The Bacchus Lady July 7,7.30pm The Projector, Golden Mile Complex South Korea is
      PHOTOS: SEAN s BAKER LEWIS KLAHR  -  479 words
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