The Business Times, 28 May 2016

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Microfilm: NL33856
Total Pages: 49
1 12 The Business Times
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      56 1 BT LivingTHE BUSINESS TIMES WEEKEND MAY 28-29, 2016 FURNISHING INSPIRATION New brands entering local home decor market L2-4 GADGETS Small wonder L8 BEAUTY Not so quick a beauty fix L5 DINING Tap to eat L6-7 PHOTO: AKAR DE NISSIM HEALTH Preventing a stroke L9 MOTORING Fuel-sipping Ssangyong L10 SPORTS MMA
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  • BT Living
    • DESIGN
      • Article, Illustration
        Lock icon Furnishing inspiration
        2257 2 / 3  -  If you’re looking for a more bespoke look for your home beyond industrial chic, these new brands entering the local decor market will have a thing or two that speaks to your personal aesthetic. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT Collectibles on the block
        PHOTOS: TAY SUAN CHIANG, HOTLOTZ; PHOTOS: AKAR DE NISSIM; PHOTO: INHABITANT; PHOTOS: INHABITANT  -  2,257 words
    • BEAUTY
      • Article, Illustration
        Lock icon Not so quick a beauty fix
        1082 5  -  As beauty regimens get increasingly complex with more and more steps, consumers should do their homework before going on a buying trip. By May Yip STICKING to a three-step skincare routine is as much a sign of your age as confessing that you’re a
        1,082 words
    • DINING
      • Article, Illustration
        Lock icon TAP TO EAT
        2057 6 / 7  -  So much food, so many food delivery apps. BTWeekend susses them out. By Rachel Loi, Tan Teck Heng SINGAPOREANS have been getting their fast food delivered since ‘6235-35-35’ became the most oft-dialled hotline thanks to its catchy TV jingle. But in recent years, as technology enabled the
        2,057 words
    • GADGETS
      • Article, Illustration
        Lock icon Small wonder
        610 8  -  Costing less than its peers, the ViDi Action Camera comes with features that make shooting extreme actions a breeze. By Sherwin Loh By Sherwin Loh ACTION cameras are some of the most versatile video cameras in the market. Their compact size, usually as small as a plum, means
        610 words
      • Article, Illustration
        Lock icon Extreme connectivity
        615 8  -  By Sherwin Loh sherwinl@sph.com.sg@SherwinLohBT WHILE electronics companies tend to think of rugged cases, waterproofing and thick cables to support the use of their products under harsh conditions, Plantronics has opted to define the concept of extreme use with their latest Voyager 5200 Bluetooth headset. There is the flexible
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    • HEALTH
      • Article, Illustration
        Lock icon Preventing a stroke
        1699 9  -  The good news is most strokes are potentially preventable, however they do not occur just in older people Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is a professor at Fudan University, Shanghai and vice-president of both the World Chinese
        PHOTO: AFP  -  1,699 words
    • MOTORING
      • Article, Illustration
        Lock icon Fuel-sipping Ssangyong
        465 10  -  The Ssangyong Tivoli Diesel has a punchy but efficient power plant. By Samuel Ee samuelee@sph.com.sg THE Ssangyong Tivoli didn’t make much of an impression when it was introduced here last year, but a second look may change some opinions, especially with its latest engine option. The Ssangyong Tivoli
        465 words
      • Article, Illustration
        Lock icon The Ultimate membership
        264 10  -  By Samuel Ee LAMBORGHINI distributor EuroSports Global has gone into the supercar sharing business. The company fronted by Melvin Goh, who also holds the Alfa Romeo and Pagani franchises, bought the supercar sharing business Ultimate Drive for about S$503,000. Included in the purchase are two business activities:
        PHOTO: YEN MENG JIIN  -  264 words
      • Article, Illustration
        Lock icon SIX APPEAL
        600 11  -  The Honda Jade RS is a sleek sports wagon that seats six in three rows. By Samuel Ee By Samuel Ee samuelee@sph.com.sg FIVE or seven, we’re familiar with, but six is a proposition that many are not often faced with. Cars with six seats are rare, and it
        600 words
    • SPORTS
      • Article, Illustration
        Lock icon MMA lands first punch in Thailand
        960 12  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent CALL them the dream tag team of mixed martial arts (MMA) in Thailand, if you like. There’s Chatri Sityodtong, the founder and chairman of Singapore-based One Championship, the region’s top MMA promoter. An astute businessman and
        PHOTOS: ONE CHAMPIONSHIP, AFP  -  960 words
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      29 9 This series is brought to you by Heart, Stroke and Cancer Centre. It is produced on alternate Saturdays. ~To read more of Dr Lim’s previous health-related articles, visit: http://www.btinvest.com.sg/specials/shscc
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  • Title Section
    Lock icon Masthead
    20 1 weekend THE BUSINESS TIMES www.b sinesstime .com.sg| MAY 28-29, 2016 S$1.20| MCI (P) 040/08/2015 S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION
    20 words
  • Article
    Lock icon Better spread of digital benefits
    29 1 TECH CALL THE chief executive of Microsoft, Satya Nadella, says efforts should be made to spread the benefits of digital technology more evenly. 3
    29 words
  • Article
    Lock icon StanChart pays S$45m for building
    32 1 MORE INVESTMENT STANDARD Chartered Bank buys a second office building in Changi Business Park, for S$45 million, amid a ramping up of investments to raise efficiency. 4
    32 words
  • Article
    Lock icon Services receipts down in Q1
    34 1 SLOWER SALES SINGAPORE’S services sector logs an overall decline in turnover in the first quarter of 2016, posting a quarter-on-quarter fall of 3.8 per cent in business receipts. 7
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  • Article
    Lock icon Maybank Q1 profit falls 15.9%
    32 1 WEAKER RESULTS MAYBANK reports a 15.9 per cent year-on-year drop in first-quarter net profit to RM1.43 billion (S$481.34 million), due to provisions for restructuring of loans. 10
    32 words
  • Article, Illustration
    Lock icon URA kills GEM project’s cheques-for-buyers scheme
    987 1  -  It says developer’s issuance of cheques for offset against booking fee circumvents minimum cash downpayment rule By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore OF the many innovative features for GEM Residences that its developers came up with, one particular scheme has ruffled the feathers of
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  • Article, Illustration
    Lock icon Going retro is latest trend driving bike sales
    817 1  -  By Samuel Ee samuelee@sph.com.sg Singapore LIFESTYLE motorcycles, those two-wheelers with classic or retro styling, are big and getting bigger, as nostalgia rules and COE premiums stay close to a record high. Interest in makes such as Vespa, Triumph, Indian, Norton, Royal Enfield
    817 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon CONTENTS
      52 2 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets10-14 Banking Finance 15 Real Estate 18-19 Househunt 19 Energy Commodities 20 Technology 21 Consumer 22 Transport 23 Govt Economy 24-25 Opinion 26-27 Wealth 28-30 Life Culture 31 LIVING Design L2-4 Beauty L5 Dining L6-7 Gadgets L8 Health L9 Motoring L10-11
      52 words
    • Article
      Lock icon G-7 summit viewed as success for Abe
      771 2  -  Sans China, G-7 projected itself as upholders of freedom, democracy and rule of law By Anthony Rowley btworld@sph.com Ise Shima THE Group of Seven (G-7) advanced nations has been seen as having reasserted its global leadership on Friday at the end of a
      771 words
    • Article
      Lock icon MARKETS
      136 2 GSTI 2,802.51 (+29.20) GSTI FUTURES 2,803.00 (+30.00) GSIMSCI 311.69 (+3.42) GSIMSCI FUTURES 312.15 (+3.50) STOCKS Friday Change KL COMP 1,637.19 +6.10 NIKKEI 225 16,834.84 +62.38 HANG SENG 20,576.77 +179.66 SET 1,412.67 +11.03 JAKARTA 4,814.73 +30.17 MANILA 7,411.68 +35.30 KOSPI 1,969.17 +12.11 SHENZHEN B 1,046.35 +8.22 MUMBAI 26,653.60 +286.92 11.45
      136 words
    • Article, Illustration
      Lock icon Technology enables individuals to build institutions: Microsoft chief
      789 3  -  Microsoft and NUS sign MOU on data science research By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore THE chief executive of Microsoft said on Friday that digital technology has become increasingly relevant in people’s lives and that efforts should be made to spread
      789 words
    • Article
      Lock icon Easing of car loan rules comes with potential downside
      686 4  -  COMMENTARY By Samuel Ee samuelee@sph.com.sg OTHER than those hoping for lower Certificate of Entitlement (COE) premiums, it appears that almost everyone else is happy about the revised vehicle financing restrictions. The Monetary Authority of Singapore’s (MAS) move to relax the loan
      686 words
    • Article, Illustration
      Lock icon StanChart steps up investments in Singapore to raise efficiency
      683 4  -  It will spend 30% more on technology this year, and hire 100 more people for tech roles By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore STANDARD Chartered Bank on Friday announced the purchase of a second office building in Changi Business Park
      683 words
    • Article, Illustration
      Lock icon Singing the song of angry men
      879 5  -  SATURDAY SOAPBOX By Kelly Tay kellytay@sph.com.sg @KellyTayBT NOBODY is hearing the people sing not till Tuesday, May 31, at least. That’s two whole days after Les Miserables was supposed to open this Sunday. If you’re not one of the 2,000 Les Miz fans who
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    • Article
      Lock icon Bail for ex-BSI wealth manager denied by S’pore High Court
      319 6 Judge tells prosecution and defence to expedite Yeo’s trial Reuters Singapore A FORMER wealth manager of troubled Swiss private bank BSI was denied bail by the Singapore High Court on Friday. He will await his trial in prison for two
      Reuters  -  319 words
    • Article, Illustration
      Lock icon Zooming in on psychometric tests at work
      969 6  -  Is your personality type red, green, yellow or blue? If these mean nothing to you, it's time to get acquainted with the world of psychometric testing CUBICLE FILES By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT LIKE it or not, most people would have experienced some
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    • Article
      Lock icon Local services industry business receipts down 3.8% in Q1
      268 7  -  Business services fall the most, while education services rise the most By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SINGAPORE’S services sector logged an overall decline in turnover in the first quarter of 2016, posting a quar-ter-on-quarter fall of 3.8 per cent in
      268 words
    • Article
      Lock icon 6 Bangladeshi workers detained under ISA charged with financing terrorism
      354 7 The Straits Times Singapore SIX Bangladeshi workers detained last month under the Internal Security Act (ISA) were charged on Friday (May 27) with financing terrorism. The six, aged between 26 and 31, were among eight men arrested between late March
      The Straits Times  -  354 words
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      65 3 SPACE SALE aaaaaaaaaaaa aaaaaaaaaaaa y^ NOW ON! Space Furniture Open 10.30am 8pm daily ‘Conditions Apply. Check in-store for details. 77 Bencoolen Street +65 6415 0000 Images are a guide only. Not available in Singapore *****3 spacefurniture.asia conjunction with any other offer. Tu r|n nfl nH rn Turin nnr|ur|n TTTTvv MAKE
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      42 5 ONG RADIO Live the Ultimate. 1 mtlntosK v o it Smart Home Control Private Theatre System Superlative Audio System Multi-Zone Systems 176 Orchard Road, The Centrepoint 03-41,*****3. +65-6738 0138 www.ongradio.com Mon Wed 12 7pm Thu Sat 12 8pm Sun PH: By Appointment
      42 words
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      257 7 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 PROCESS INSPECTION TESTING AND CONSULTANCY PTE. LTD. Co. Reg. No. *****5967M MEMBERS’ VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company held on the 23rdday of May 2016, the following special resolution was duly passed: “That the Company be wound
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      55 7 NOTICES TOLL FREE 1800 -289 882 2 I Email no tic e s sph .c om sg I w w w. sphclas s .c om sg /no tic e s CCD Singapore i3i3.D Savings Bonds Website: www.sgs.gov.sg/savingsbonds/ Hotline: 6221 3682 Results of allotment of the Singapore Savings Bond to be
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      5 7 THE MONETARY AUTHORITY OF SINGAPORE
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Champion of ideas
      3135 8 / 9  -  Fredrik Haren, bestselling author and speaker on innovation, talks about creativity in the developing world, business disruption, what it takes to be a truly global company and innovative government. By Vikram Khanna By Vikram Khanna vikram@sph.com.sg Sometimes, if you want to innovate, try doing the opposite of
      PHOTO: ARTHUR LEE  -  3,135 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Maybank’s Q1 net profit falls 16%
      550 10  -  Provisions rise due to more corporate loans undergoing restructuring and rescheduling of repayment By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore SOUTH-EAST Asia’s fourth largest bank by assets, Maybank, has reported a 15.9 per cent year-on-year drop in first-quarter net profit to RM1.43 billion (S$481.34 million),
      550 words
    • Article
      Lock icon Sing Haiyi Q4 net profit down 47%
      369 10  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore PROPERTY development group SingHaiyi on Friday posted a net profit attributable to owners of the company of S$8.36 million for the fourth quarter ended March 31, 2016. This is some 47 per cent lower than the S$15.80
      369 words
    • Article, Illustration
      Lock icon Courts’ Q4 net profit falls 36%
      479 10  -  By Grace So graceso@sph.com.sg Singapore NET profit at furniture and electronics retailer Courts Asia fell 36 per cent to S$4.2 million in its fourth quarter ended March 31, 2016, dragged down by a fall in revenue. Revenue in the quarter fell to S$181.3 million,
      479 words
    • Article, Illustration
      Lock icon STI rises 1.3% over week, with SGX, oil in focus
      562 11  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent OTHER than the Singapore Exchange (SGX) announcing it is in exclusive talks to buy London’s Baltic Exchange (BEx) and oil prices rising above US$50 per barrel for the first time in seven months,
      562 words
    • Article
      Lock icon GAINERS
      75 11 BY CENTS CLOSE UP 52w high/low JMH USD 5550 167.7 2.2 6272/4500 Lyxor Nasdaq US$ 1785 104.5 4.4 1865/1557 Lyxor ChinaH US$ 1191 53.6 3.4 2036/999 JSH USD 2931 44.0 1.1 3432/2524 DBXT MSAsExJp US$ 3128 42.6 1.0 3840/2772 BY PERCENTAGE CLOSE UP 52w high/low Leader Env 4.1 57.7
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    • Article
      Lock icon LOSERS
      71 11 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -70.1 -0.4 *****/***** SP Corp 40.5 -12.0 -22.9 119.5/40.5 Combine Will 55 -10.0 -15.4 97.5/30 Global Testing 94.5 -8.0 -7.8 137/85 Jaya 45.5 -7.5 -14.2 100/24 BY PERCENTAGE CLOSE DOWN 52w high/low NobleGrpMBeCW*****1 0.1 -90.0 -0.9 6.1/0.1 Starburst R1 1
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    • Article
      Lock icon MOST ACTIVE
      38 11 VOLUME Magnus Energy 62,614,000 Noble 60,795,200 HPH Trust USD 28,092,200 ThaiBev 24,916,400 Tech Oil Gas 22,319,700 Market volume 1,253,301,000 VALUE DBS Grp 151,052,562 Singtel 74,691,334 OCBC Bank 46,306,110 UOB 42,506,470 HongkongLand USD 26,957,596 Market value 933,850,000
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    • Corporate digest
      • Article
        Lock icon Lereno Bio-Chem
        77 11 CASH company Lereno BioChem Ltd could be transformed into a Malaysian property developer if a planned reverse takeover (RTO) comes to fruition. The firm is planning to buy Malaysian property developer Majubina Projects for S$50 million, which will be fulfilled by the issuance of new shares in Lereno.
        77 words
      • Article
        Lock icon YCH Indonesia
        69 11 LOGISTICS firm YCH Indonesia has signed a memorandum of understanding (MOU) with Indonesian importer and food products distributor PT Pan- gan Lestari. Under the MOU, both companies will jointly develop integrated cold chain supply management to facilitate retail, catering and distribution. This will be done through the development
        69 words
      • Article
        Lock icon ISEC Healthcare
        56 11 MEDICAL eyecare service provider ISEC Healthcare is planning to expand into general medical services and aesthetic treatment services by buying four medical clinics in Singapore for S$13.9 million. Half of the consideration will be paid in cash, and the other half through the issuance of new shares to
        56 words
    • Article, Illustration
      Lock icon Technics Oil & Gas falls by up to 32 per cent
      333 11  - Technics Oil Gas falls by up to 32 per cent HOT STOCK By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SHARES of Technics Oil Gas fell by as much as 32 per cent to S$0.057 on Friday, following a series of legal suits announced in the past week and prompting a query
      Source: Bloomberg  -  333 words
    • Article
      Lock icon STI STOCKS
      305 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 232 unch 233/230 253 209 6.6 6113.9 CapitaCom Trust 141 -0.5 142.5/141 164 122.5 6.1 4168.4 CapitaLand 298 +4 298/294 358 267 11.9 3 *****.3 CapitaMall Trust 205 +1 206/203 224 184.5
      305 words
    • Article
      Lock icon SGX ETFs Most Active
      109 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 285 +3 382 286/283 347/254 285/286 IS MS INDIA US$ US685 +15 163 687/673 780/575 686/688 85.6 DBXT MSINDO us$ US1226 +7 114 1230/1218 1390/911 1226/1231 GLD US$ US***** -51 85 *****/***** *****/***** *****/*****
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      792 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning May 23 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Maxi-Cash Fin Svcs 26-May-16 Koh Wee Seng Buy 630 0.16 ***** 4.61 ***** 4.72 Tee Intl 26-May-16
      792 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 4 4 1 0 0 7 4 4 Manufacturing 40 26 37 7 6 11 47 32 48 Commerce 19 21 10 3 3 8 22 24 18 Tpt/Stor/Comms 15 10 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 12 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 12,703 80 12,783 43,709 14 43,723 Manufacturing 75,022 42,757 117,779 87,642 1,546 89,187 Commerce 83,629 8,560 92,189 77,046 195 77,241 Tpt/Stor/Comms 116,176 384 116,560 163,846 29 163,875 Finance 25,064 54 25,118 254,268 9 254,277 Construction
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      76 12 May 27 VALUE CLOSE BT OB/OS -4.00 +158.00 BT CADI -*****.00 +55.00 BT 10-day MA -*****.00 FTSE ST Mid Cap 674.65 +3.46 FTSE ST Small Cap 390.11 +1.02 FTSE ST All Share 685.53 +6.79 FTSE ST China Top 163.22 +2.36 FTSE ST China 191.42 +2.41 FTSE ST
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 12 VOL CLOSE($) CHANGE Leader Env 1,634.3 0.041 +0.015 +57.69 SP Corp 78.4 0.405 -0.120 -22.86 Hoe Leong 135.5 0.033 -0.015 -31.25 Suntar Eco-City 1.0 0.220 -0.040 -15.39 Food Empire 1,743.2 0.335 +0.030 +9.84 Amplefield Ltd 95.0 0.035 +0.010 +40.00 MegaChem 20.0 0.370 +0.010 +2.78 Camsing Hc 23.0 0.825
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    • Article
      Lock icon COMMODITY FUTURES
      193 13 May-26 Price Net change change Last Trade Agricultural May-26 CBOT Soybeans (US cents/bu) 1079.75 -5.75 -0.53% 14/07/2016 CBOT Soybean Oil (US cents/lb) 31.04 -0.30 -0.96% 14/07/2016 CBOT Wheat (US cents/bu) 481.25 15.25 3.27% 14/07/2016 May-26 LIFFE Cocoa (£/tonne) 2167.00 -3.00 -0.14% 14/07/2016 LIFFE Coffee (US$/tonne) 1619.00 3.00 0.19%
      193 words
    • Article
      Lock icon PALM OIL
      60 13 May 27 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 16 2615.0 2587.0 2621.0 2580.0 836 5324 Jul 16 2586.0 2585.0 2621.0 2581.0 8117 ***** Aug 16 2560.0 2559.0 2598.0 2555.0 ***** ***** Sep 16 2533.0 2533.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      67 13 May 27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 98.98 5-Year NX*****X 2.250 01-Jun-21 102.57 103.12 102.63 10-Year NX*****F 2.375 01-Jun-26 99.6 99.78 99.75 15-Year NZ*****F 2.875 01-Sep-30 105.34 106.70 106.00 20-Year NZ*****V 3.375 01-Sep-33 112.62 114.10 112.70
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 May 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9930 0.9934 0.7222 0.7224 Canadian dollar 1.0552 1.0558 0.7678 0.7675 Euro 1.5363 1.5371 1.1174 1.1177 NZ dollar 0.9246 0.9255 0.6725 0.6730 Sterling pound 2.0179 2.0188 1.4677 1.4680
      155 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      117 13 Straits Times Index Source: Bloomberg YTD change: -2.78% 52-week high: 3,424.94 on May 24,2015 52-week low: 2,532.70 on Jan 21,2016 Source: Bloomberg Hang Seng Index Source: Bloomberg YTD change: -6.10% 52-week high: 28,081.21 on May 27,2015 52-week low: 18,319.58 on Feb 12,2016 Source: Bloomberg Shanghai Stock Exchange Composite
      Source: Bloomberg  -  117 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      203 13 Most active May 27 Prem Expiry Last Vol Conv Exer Disc Gear- Mths Company Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 10.8 1.3 5499 0.1 1480 2 UOB MB eCW*****1 10.6 3440 0.1 1850 5 UOB MB eCW*****5 3.5 0.3 3119 0.1 1890 2
      203 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      377 13 In local curr In S$ In US$ dy yr dy yr dy yr May 26 Index Change Change Change Change Change Change World Preliminary 1267.1 0.1 -0.8 -0.1 -2.5 0.2 0.6 EAFE Preliminary 955.4 0.2 -5.7 0.2 -5.7 0.5 -2.7 Europe Preliminary 1364.1 0.3 -3.4
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    • Article, Illustration
      Lock icon Don't leave home without a moral compass
      662 14  -  SATURDAY SOAPBOX Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Senior Correspondent THE central bank’s move to shut down BSI Singapore drew various reactions from the banking fraternity including some which surprisingly voiced sympathy for the bankers implicated. In its announcement on Tuesday, the Monetary Authority
      662 words
    • Article
      Lock icon UOB gains as Japan firms invest in South-east Asia
      295 14  -  By Renald Yeo yrenald@sph.com.sg Singapore SINCE it began banking on the rising trend of Japanese firms investing and expanding in South-east Asia late last year, United Overseas Bank (UOB) has seen deposits from its Japanese clients soar. The bank, which first
      295 words
    • Article
      Lock icon Tat Hong drops dividend as Q4 loss more than doubles
      503 14  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore WEAKNESS in the construction sector continued to bite for crane rental company Tat Hong Holdings, which declared zero final dividend as it sank deeper into the red for its fourth quarter. The group, which
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Hackers have also attacked other banks in Asia: cyber firms
      715 15 Reuters Washington HACKERS who stole US$81 million from Bangladesh’s central bank have been linked to an attack on a bank in the Philippines, in addition to the 2014 hack on Sony Pictures, cybersecurity company Symantec Corp says in a blog
      Reuters; PHOTO: REUTERS  -  715 words
    • Article
      Lock icon SBI posts sharpest fall in profit since 2011
      366 15 Bloomberg Mumbai STATE Bank of India, the country’s largest lender by assets, posted the sharpest profit drop since 2011 as a central bank audit triggered a surge in provisions for bad loans. Net income fell 66 per cent to 12.6 billion rupees
      Bloomberg  -  366 words
    • Article
      Lock icon EU seeks alternatives to common bank deposit insurance
      202 15 Reuters Brussels EUROPEAN Union states put the brakes on a plan to establish a common fund to protect bank depositors, urging instead the exploration of alternatives which are likely to reduce the protection of European savers, an EU document seen by Reuters
      Reuters  -  202 words
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      Lock icon Page 15 Advertisements Column 1
      31 15 WEALTH MANAGEMENT ANINSIDER’S GUIDE TOSMART INVESTING OCBC PREMIER BANKING SERIES Exclusively in The Sunday Times from now till 3 July 2016. Gain insights on investments in Asia in this week’s paper.
      31 words
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  • FOCUS
    • Article, Illustration
      Lock icon Can Vinicius save the Games?
      1196 16 / 17 With less than 80 days to the Rio de Janeiro Olympic Games’ Aug 5 opening, Brazil is still grappling with problems that include a corruption scandal, a plummeting economy, sub-standard sanitisation, diseases and a lackadaisical public. The Business Times takes a tongue-in-cheek look at how
      Source: World Health Organisation, Wall Street Journal, Reuters, The Guardian BT Graphics: Jlossini, Simon Ang & Andrea Lee  -  1,196 words
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  • REAL ESTATE
    • Article
      Lock icon PPS3 to be priced ‘much higher than S$2,300 psf’
      388 18  -  CDL responds to BT report which cited S$2,300 psf as the approximate figure for the transaction on a portfolio basis By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore CITY Developments Ltd (CDL) has said that the anticipated pricing for a potential residential profit
      388 words
    • Article, Illustration
      Lock icon Singapore property market may reach bottom before HK
      433 18 Bloomb erg Singapore SINGAPORE’S property market may be closer to a bottom than Hong Kong, according to LaSalle Investment Management, which oversees more than US$58 billion in real estate funds. Governments in Asia’s two most expensive residential markets have imposed curbs in
      Bloomberg  -  433 words
    • Article
      Lock icon Nanjing to impose price cap in land auctions
      321 18 Reuters Hong Kong CHINA’S eastern city of Nanjing said on Friday it will limit the highest bidding price developers can offer in land auctions, in an effort to control surging land costs that have been driving up home prices. Nanjing’s tightening measure
      Reuters  -  321 words
    • Article
      Lock icon Househunt
      1233 19 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN APRIL 13 AND APRIL 19, 2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LANDAREA*(SQ FT) PRICE (S$’000) PSF (S$) District 12 NON-LANDED Ritz Mans Apt 15/04/2016 FH 1302 1200 921 Trevista Apt 14/04/2016 99 1270 1650 1299 District
      1,233 words
  • Page 18 Advertisements
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      94 18 2 DERBYSHIRE ROAD K m Freehold 4-Storey Building Zoned Civic Community Institution Site Area: Approx. 6,768 sq ft GFA: Approx. 8,742 sq ft Current Approved Use: Child Care Centre Kindergarten Potential to explore a further change of use (subject to authorities’ approval) Institutions Corporates eligible to purchase Contact: Investment Properties
      94 words
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Opec awaits Saudi ruling on its future
      878 20 Oil-price hawks fear group is becoming more of a talk shop than an output-setting cartel Reuters Dubai FOR those seeking guidance on Saudi Arabia’s thinking regarding the future of Opec, the last few weeks’ agenda of the new Saudi energy minister, Khalid al-Falih,
      Reuters  -  878 words
    • Article, Illustration
      Lock icon French fuel blockade lifted; Hollande says he won’t let protesters strangle economy
      408 20 Reuters Paris FRENCH riot police removed picketers and barricades blocking access to a large fuel distribution depot as President Francois Hollande warned anti-reform protesters on Friday that he would not let them strangle the economy. The police operation
      Reuters; PHOTO: AFP  -  408 words
  • Page 20 Advertisements
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      534 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF EMERALD CAPITAL ADVISORS PTE. LTD. (Formerly known as Helix Advisors Pte. Ltd.) Company Registration No. *****5409K (In Member’s Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the sole member of the abovenamed Company
      534 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Zebra Technologies rebrands itself as major IoT vendor
      694 21  -  It aims to be known as ‘an innovative solution partner that is leading the way in the growing category of EAI’ By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore EIGHTEEN months after its acquisition of Motorola Solutions’ Enterprise business, which positioned it as
      694 words
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  • CONSUMER
    • Article
      Lock icon ‘Nightmare’ infection found in US for the first time
      396 22 Strain of E coli resistant to colistin an old antibiotic of last resort seen in woman AFP Miami A SUPERBUG resistant to all known medications has been found in the US for the first time, raising new concern about the dwindling
      AFP  -  396 words
    • Article, Illustration
      Lock icon Tiffany’s ‘old-world luxury’ fails to charm millennials
      599 22 Reuters New York FOR Alan Feid, a 28-year-old looking to buy an engagement ring for his fiancée, the rings he found in the diamond district in Manhattan were just as good as the ones he saw at Tiffany Co’s flagship store on Fifth
      Reuters; SPH FILE PHOTO  -  599 words
    • Article
      Lock icon Practo to take digital healthcare success abroad
      352 22 Bloomberg Bangalore PRACTO Technologies Private Ltd’s audacious goal of bringing order to India’s chaotic healthcare system is starting to bear fruit, helping to transform it into the country’s biggest online medical network. Now the startup is planning to go global. Since debuting in
      Bloomberg  -  352 words
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  • TRANSPORT
    • Article
      Lock icon CAAS to boost awareness of aviation safety
      397 23  -  It is alerting travellers about restrictions related to carrying dangerous goods onboard By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore TO ENSURE aviation safety, the Civil Aviation Authority of Singapore (CAAS) is stepping up public engagement to promote awareness among travellers of the restrictions related
      397 words
    • Article, Illustration
      Lock icon Carmakers tap green bonds for electric vehicles
      476 23 Bloomberg New York INVESTORS expect more carmakers to tap the green bond market after car companies raised US$2.5 billion in 2016 to finance electric and hybrid vehicles. This month, the financial arm of Toyota Motor Corp sold a US$1.6 billion green bond to
      Bloomberg; PHOTO: BLOOMBERG  -  476 words
    • Article
      Lock icon Royal Caribbean in 2.5b euro three-ship deal with STX France
      359 23 AFP Saint-Nazaire, France US cruise giant Royal Caribbean Cruises Ltd on Wednesday signed a letter of intent with the French arm of South Korean shipbuilder STX to build three ships in a deal worth 2.5 billion euros (S$3.8 billion), the
      AFP  -  359 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Indonesia sailing towards upgrade from S&P Global Ratings
      630 24 Both its international and domestic bonds have done the best in emerging Asia this year Bloomberg Singapore INDONESIA’S status as Asia’s last major economy without a full investment grade may be near an end, boosting the appeal of the region just as
      Bloomberg; PHOTO: BLOOMBERG  -  630 words
    • Article
      Lock icon Taiwan cuts 2016 GDP forecast again
      434 24 Reuters Taipei TAIWAN trimmed its 2016 economic growth outlook for the third time on Friday, as weak demand for the island’s exports continue to hurt the island’s prospects for recovery. Gross domestic product should grow 1.06 per cent this year, the Directorate General of
      Reuters  -  434 words
    • Article, Illustration
      Lock icon Q1 economic growth revised up to 0.8%
      610 25 A surge in spending on home building and steady increase in inventory investment by businesses cited LATEST US DATA Reuters Washington US economic growth slowed in the first quarter although not as sharply as initially thought, amid a surge in spending on home
      Reuters; PHOTO: BLOOMBERG  -  610 words
    • Article, Illustration
      Lock icon Philippines to ride out Fed storm on ample buffers, policy space
      493 25 Bloomberg Manila THE Philippines has enough firepower to fight shocks including excessive capital outflows should the US raise interest rates and the global economy falter, says central bank deputy governor Diwa Guinigundo. “We will be able to ride out
      Bloomberg  -  493 words
  • Page 24 Advertisements
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      25 24 One man’s junk is another man’s treasure Shop second-hand or sell your possessions in CLASS 162 To advertise, call the Print Classified Hotline: 1800-289 9988
      25 words
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      50 25 HOT PROPERTY 8 CARDIFF GR New Inter Terr S'goon Gdn. Land 1840sqft 5 rm. Walk to Chomp Chomp. neg. CROWHURST DR S/STY Semi-D 999 yrs. 4199/2100sf approx 4+1. Good frontage. Elevated land. $4M neg LANDED PROPERTIES FOR SALE! Check out these properties and more in The Straits Times Classified now!
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  • OPINION
    • Article, Illustration
      Lock icon Disrupting the insurance sector
      1058 26 / 27  -  Innovations in insurance technology, or insurtech, could bring about change at every point along the industry’s value chain. By Marnix Zwart By Marnix Zwart IMAGINE a world where you could get car insurance based on exactly how far you drive or the number of minutes you
      FILE PHOTO  -  1,058 words
    • Article
      Lock icon Britain’s Swish Six go to Europe
      806 26 / 27  -  By David Marsh ~The writer is managing director of the Official Monetary and Financial Institutions Forum. This is part of an OMFIF series on the UK EU referendum ahead of the June 23 poll OMFIF London SCENE: Westminster Garden, 10 Downing Street, next to
      OMFIF  -  806 words
  • Page 26 / 27 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Giving by finding one small thing
        1437 28 / 29  -  The most successful big-time donors (like Michael Bloomberg) learn as much as they can before giving, team up with others, and think long-term. By Paul Sullivan By Paul Sullivan NYT THE two imposing brownstones on the Upper East Side of Manhattan that are home
        NYT; PHOTO: AFP  -  1,437 words
      • BROKERS' TAKE
        • Article
          Lock icon Yangzijiang Shipbuilding BUY
          171 28 / 29 Target price: S$1.04 May 27 close: S$0.925 OCBC Investment Research, May 27 Since our May 3, 2016 report, when we downgraded the Yangzijiang (YZJ) stock to “hold”, its share price has corrected 8.1 per cent, compared to the Straits Times Index’s 1.5 per cent fall over the
          171 words
        • Article
          Lock icon City Developments BUY
          166 28 / 29 Target price: S$9.35 May 27 close: S$8.35 RHB Research, May 27 Media reports suggest that City Developments (CDL) is on the lookout for potential investors for its third profit participation securities (PPS) structure. The PPS this time around is expected to comprise 48 high-end apartments across Cliveden
          166 words
        • Article
          Lock icon Valuetronics Holdings ADD
          310 28 / 29  -  Compiled by Andrea Soh Target price: S$0.60 May 28 close: S$0.515 CIMB Research, May 26 Valuetronics’s FY16 revenue fell 19.6 per cent year on year, largely due to its exit from the less-profitable mass market LED lighting business, which attained end-of-life cycle for the CE segment. This
          310 words
      • Article, Illustration
        Lock icon Climate change activists divided on how to get ExxonMobil to address issue
        1227 30  -  One camp fights as shareholders, the other urges investors to divest By John Schwartz NYT Dallas FIGHT or flight? Those are, in essence, the two very different approaches that the activist community is taking with ExxonMobil these days.
        NYT; PHOTO: REUTERS  -  1,227 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Adrenaline rush at DBS Marina Regatta
      309 31  -  Much more than just dragon boat races this year By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THERE will be much more than just dragon boat racing going on when this year’s DBS Marina Regatta gets underway this weekend. As part of the festivities, the local
      PHOTO: DBS  -  309 words
    • Article
      Lock icon Pacquiao to skip Rio, knocking out Philippines’ best chance for gold
      480 31 AFP Manila BOXING legend Manny Pacquiao said on Friday that he would skip the Rio Olympics even if professionals were allowed to compete, knocking out the Philippines’ best chance of winning its first gold medal. Pacquiao, who was this
      AFP  -  480 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      345 31 CRYPTIC CROSSWORD Across 1 Most daring underwear (7) 5 Eccentric Cubist framing one squashed fly? (7) 9 Small left back what’s needed to provide an edge (5) 10 Tea break for cashier and buyer (9) 11 Biography about Young Conservative the French should follow, being in stages (4-6) 12 Ignoring
      345 words
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      41 32 THERE ARE EXCEPTIONS TO EVERY RULE. ROYAL OAK DIAMOND SET IN PINK GOLD SINGAPORE AUDEMARS PIGUET BOUTIQUE 541 ORCHARD ROAD LIAT TOWERS #01-03 TEL (65) 6836 4918 THE SHOPPES AT MARINA BAY SANDS CASINO LEVEL B2M-207 TEL (65) 6688 7595 AUDEMARSPIGUET.COM
      41 words
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      93 1 NewTEAMSAMSeww GIVE SEVENTH SEVENTH SEASON OF ON OF BUSINESS TIMES NESS TIMES LEAGUE A UE A BIG BOOST OOST TMCC CC TAMPINESMPINES READY TO HOST Y TO HOST THIS YEAR’S WORLD YEAR’S WORLD AMATEUR GOLFERS TEUR GOLFERS CHAMPIONSHIP PIONSHIP QUALIFIERSLIFIERS TT ADAM SCOTTAM SCO HE’S GOT THE BEST OT THE
      93 words
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  • 28-29 MAY 2016 | THE BUSINESS TIMES WEEKEND Swing by sphgolf
    • editor’s letter
      • Article, Illustration
        Lock icon TAMPINES TO SELECT SINGAPORE’S BEST
        417 2  -  W W BY S. MURALI Of Tanah Merah Country Club’s two courses, big brother Garden has, over the years, been the centre of attention. It is located where the main clubhouse is. It has played host to major international tournaments. It’s holes are the feature
        417 words
    • Article, Illustration
      Lock icon ALL ABOUT TEAM EFFORT
      939 3  -  T he Boustead Group has been a strong supporter of the Business Times Corporate Golf League, both as a sponsor and participating team, since the League’s inaguration in 2010. Having been around for 188 years, Boustead, a progressive and global provider of infrastructure-related engineering services and
      photos by Gavin Foo, Audi  -  939 words
    • Article, Illustration
      Lock icon RELIVING THE TRAUMA OF MY ROUND AT OAKMONT 21 YEARS LATER, I’M STILL DEMORALISED
      739 4  -  As the US Open compliance ssociation when they have to them. again. BY D VID OWEN 21 YE RS LATER, RELIVING THE OF MY the US Open approaches, Oakmont Country Club begins to bring its greens
      illustration by Eddie Guy  -  739 words
    • Article, Illustration
      Lock icon A QUICK CUT ON CLIQUES AND MEAN GIRLS
      797 5  -  UNDERCOVER A QUICK AND MEAN f more golf fans follow us, I think over the fact far and fantastic a more diverse LPGA Tour is get lf fans made an effrt t I think they’d quickly get act our shots aren’t always
      illustration by Carolyn Ridsdale  -  797 words
    • Article, Illustration
      Lock icon A BROTHERHOOD BUILT ON GOLF WAGC FINALS CEMENTED A FRIENDSHIP THAT WILL BE ON SHOW AGAIN AT SINGAPORE QUALIFIERS
      509 6  -  T They flew the Singapore flag proudly at the World Amateur Golfers Championships (WAGC) Finals in Turkey last year, finishing second behind Malaysia to match the Republic’s performance in the 2014
      509 words
    • Article, Illustration
      Lock icon BEST SWING ON TOUR
      1460 8 / 9  -  AND 7 MORE BESTS with Matthew Rudy Io make some sea-of-he-pans calls on who’s on he US PGA Tour invariouscategories, ordan Spieth as the best clutch putter or elson as the short-game wizard. But what aisics acually say? We commissioned BEST T W NG ON t’s
      photos by Getty Images, PGA Tour  -  1,460 words
    • Article, Illustration
      Lock icon FESTIVITIES AND A FEAST
      303 10  -  H e received the loudest applause when SPH’s editor-in-chief (English/Malay/Tamil Media Group) Patrick Daniel acknowledged his presence. His popularity aside, there are two other key reasons the BT Corporate Golf League’s (now into its seventh year) golfing fraternity is fond is of him. BY GODFREY ROBERT
      303 words
    • play it
      • Article, Illustration
        Lock icon CITI’S GOLF GASTRONOMY
        181 11  -  BY TAN JU KUANG The beauty of golf is that you can eat and drink while playing. Citi Singapore took full advantage of that when they hosted their Citi Golf Day on May 11, their flagship hospitality event, and largest golf outing organised by the bank. More
        181 words
      • Article, Illustration
        Lock icon STAR RECOGNITION
        280 11 The World Classic course at Laguna National Golf and Country Club may be known as a “beast” to golfers in Singapore, but invitees to the club’s STAR Partner Golf Day on May 6 were pleasantly surprised when they got to the greens at the tournament. The club had
        280 words
      • Article, Illustration
        Lock icon GOLF ROUND THE CLOCK
        172 11 If there is one thing that Horizon Hills Golf Club believes in, it is the importance of connecting with the media. The Johor premier golf club’s annual Media Golf Day has become a regular entry in the golf calendar, and this year’s event on April 21
        photos by Horizon Hills, Laguna Hospitality, Citibank  -  172 words
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      42 5 m 100% Natural Fat free Not from concentrate Gluten free No added colors flavors Cholesterol free 5 Essential electrolytes Potassium Calcium Magnesium Phosphorus Sodium The Natural Hydration for You -v.v\ v-,.. m i: v* KJ I1M» Coconu ater '->71 5 Essential Electrolytes
      42 words
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      132 7 TIME TO VIE FOR A SPOT TO REPRESENT SINGAPORE S NT PORE AT THE WORLD AMATEUR GOLFERS CHAMPIONSHIP IN DURBAN, SOUTH AFRICA SINGAPORE QUALIFIERS presented by GOODIE BAG WORTH OVER $750 Get a Ice Chrono Electrik Watch worth $300, Golfi ng Vouchers from The Dalat at 1200, Laguna Bintan and
      132 words
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      69 12 ROLEX THE DATEJUST The archetype of the modern watch has spanned generations since 1945 with its enduring functions and aesthetics. It doesn’t just tell time. It tells history. o O 'A ROLEX DYSTER PERPETUAL DATE II UST 28 V,/ V.. L OYSTER PERPETUAL DATEJUST 36 Cortinawatch CHINATOWN POINT, #01-08/09. TEL!
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