The Business Times, 1 June 2015

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Total Pages: 39
1 40 The Business Times
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  • Title Section
    Lock icon Masthead
    19 1 THE BUSINESS TIMES www. usinesstimes.com.sg MONDAY, JUNE 1, 2015 S$1.00 MCI (P) 051/08/2014 SCCl A SINGAPORE PRESS HOLDINGS PUBLICATION
    19 words
  • Article
    Lock icon Greece looms large
    36 1 WALL STREET INSIGHT US STOCKS may rebound if employment data alleviates fears of a slowdown in the US, if Greece averts disaster yet again, or if more multi-billion dollar deals are struck. 2
    36 words
  • Article
    Lock icon Rules-based system key for region
    33 1 SHANGRI-LA DIALOGUE A RULES-BASED system, infused with the correct spirit, is key to maintaining trust and stability in the region, said Minister for Defence Ng Eng Hen. 3
    33 words
  • Article
    Lock icon A bright spot for Keppel FELS
    35 1 COMPANIES MEXICO, with its low costs of oil extraction coupled with its energy reform, presents a bright spot in the current weak oil price environment for Keppel FELS. 6
    35 words
  • Article
    Lock icon No criticism for yen drop
    38 1 G-7 MEETING JAPAN was let off lightly by its G-7 partners meeting in Germany last Friday over the sharp and continuing drop in the value of the yen against other key currencies. 25
    38 words
  • Article, Illustration
    Lock icon Credit card selection made easy for travellers
    1010 1  -  GET.com’s list helps to choose cards that best cater to their individual priorities By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore IF you’re wondering which credit card to use abroad during this June holidays, a homegrown startup may be able to help. GET.com, a comparison
    PHOTO: BLOOMBERG  -  1,010 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Greece looms large at a time when ‘bad news is bad news’
      963 2  -  But current M&A mania in healthcare sector could fuel investor buying WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg US STOCKS pared their gains for the month last week as traders hedged their bets on the outlook for US
      PHOTO: BLOOMBERG  -  963 words
    • Article, Illustration
      Lock icon Rules-based system infused with correct spirit key for region: Eng Hen
      511 3  -  He calls for all parties in South China Sea dispute to cooperate to provide clarity By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore A RULES-BASED system, infused with the correct spirit, is key to maintaining trust and stability in the region,
      PHOTO: MINDEF  -  511 words
    • Article
      Lock icon Man shot dead by police near Shangri-La hotel
      440 3  -  Drugs reportedly found in car that sped through barricades By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore A 34-YEAR-OLD Singaporean driver was shot dead while two other men have been detained after an incident in the vicinity of the Shangri-La hotel on Sunday morning.
      440 words
    • Article
      Lock icon DB Platinum
      9 3 Crod Branchen Stars R1C-A 22/05/2015 245,11 EUR
      9 words
    • Article
      Lock icon Call for shift in mindset to raise productivity in S’pore
      750 5  -  One economist at roundtable says issues go beyond foreign labour amid low growth By Prisca Ang prisang@sph.com.sg Singapore PRODUCTIVITY gains should be achieved by enhancing skillsets and driving entrepreneurship, not just among workers but at higher levels of management. This
      750 words
    • Article
      Lock icon Mexico a bright spot for Keppel FELS
      809 6  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore MEXICO, with its low costs of oil extraction coupled with its energy reform, presents a bright spot in the current weak oil price environment for Keppel FELS, the rig design and building arm of Keppel Offshore
      809 words
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      Lock icon Page 4 Advertisements Column 1
      339 4 Jetset with the right card GET.com's top credit card picks for the globetrotter TOP PICKS FOR KEY BENEFITS Business travellers 1 ANZ Travel Visa Signature Unlimited lounge access to over 100 Veloce VIP airport lounges worldwide; limousine service with S$2,500 monthly spend 2 The Amex Singapore Airlines KrisFlyer Ascend Lounge
      339 words
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      36 5 SINGAPORE BL G AWARDS 2 0 15 Double tap on their photos? Now vote for them! Now on till 8 Jun mf FAVOURITE BP* CELEBRITY l\OVV VOTE FCaTl 'EM! W n sftSS sgblogawards.omy.sg Organiser: y www.omy.sg
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      Lock icon Page 5 Advertisements Column 2
      276 5 and Interest rates rises have historically caused volatility in capital, investment and asset markets. How will equities, bonds, commodities and currencies react to this upcoming interest rate rise? Will HK H shares and China A shares continue to soar? How will higher interest rates affect the AH premium equilibrium? by
      276 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Eyeing outbound Asian real estate capital
      964 7  -  For ING Real Estate Finance, its presence in Asia and knowledge of European property go hand in hand TOPLINE By Lee Meixian leemx@sph.com.sg @LeeMeixianBT WITH Asian investors’ appetite for European real estate investments growing, ING Commercial Bank is looking to meet this demand with
      PHOTO: SHAWN TEO  -  964 words
    • Article, Illustration
      Lock icon Innovation: why boards should care and lead in it
      866 8  -  No longer just a buzzword, innovation now holds the key to sustaining a business By Poh Mui Hoon ~The writer is a member of the governing council of the Singapore Institute of Directors IN today’s business environment, it is becoming increasingly
      FILE PHOTO  -  866 words
    • Article
      Lock icon Ezra to raise up to US$300m to refinance debt
      357 8  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore EZRA Holdings plans to raise up to US$300 million through a combination of rights issue and convertible bonds to refinance its debt. Proceeds from both exercises will be used to redeem the S$225 million Fixed
      357 words
    • Article
      Lock icon Directors’ share purchases rebound
      1781 9  -  Buying up sharply, with significant purchases in Eurosports Global, GuocoLeisure, Tiong Seng Holdings and Yoma INSIDE MARKETS By Robert Halili ~The writer is managing director, Asia Insider Ltd THE buying rebounded sharply while the selling among directors was flat based on filings on the Singapore Exchange
      1,781 words
    • Article
      Lock icon COMMODITY FUTURES
      193 10 May-29 Price Net change change Last Trade Agricultural May-29 CBOT Soybeans (US cents/bu) 934.00 8.00 0.86% 14/07/2015 CBOT Soybean Oil (US cents/lb) 33.33 1.27 3.96% 14/07/2015 CBOT Wheat (US cents/bu) 477.00 -11.75 -2.40% 14/07/2014 May-29 LIFFE Cocoa (£/tonne) 2107.00 -18.00 -0.85% 16/07/2015 LIFFE Coffee (US$/tonne) 1584.00 unch 0.00%
      193 words
    • Article
      Lock icon PALM OIL
      57 10 May 29 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 15 2179.0 2170.0 2180.0 2160.0 59 1079 Jul 15 2207.0 2215.0 2222.0 2205.0 2304 ***** Aug 15 2206.0 2216.0 2223.0 2200.0 ***** ***** Sep 15 2210.0 2220.0
      57 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      61 10 May 29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.46 5-Year N*****0H 1.625 01-Oct-19 99.7 99.85 99.85 10-Year NX*****Z 2.375 01-Jun-25 99.62 99.65 99.65 15-Year NY*****E 2.875 01-Jul-29 102.44 20-Year NZ*****V 3.375 01-Sep-33 107.99 30-Year NA*****N 2.750 01-Apr-42
      61 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 10 May 29 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0312 1.0327 0.7650 0.7655 Canadian dollar 1.0833 1.0846 0.8040 0.8037 Euro 1.4759 1.4773 1.0949 1.0951 NZ dollar 0.9606 0.9620 0.7126 0.7131 Sterling pound 2.0615 2.0636 1.5293 1.5297
      155 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      212 10 Most active May 29 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left WE Holdings Ltd W*****5 0.2 unch 7360 1 0 3 FTSEChinaA50 ***** MBeCW*****0 7.5 -0.7 5023 0.0 --2 OLS Enterprise W*****5 0.3 -0.1 4294 1 1 18
      212 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 10 In local curr In S$ In US$ dy yr dy yr dy yr May 29 Index Change Change Change Change Change Change World Preliminary 1357.0 -0.6 6.4 -0.8 6.0 -0.6 4.2 EAFE Preliminary 1107.0 -0.9 12.2 -1.0 8.9 -0.8 7.0 Europe Preliminary 1533.3 -1.5 11.0
      373 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      2 10
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Mansions replace old homes in upscale makeover for US suburbs
      1055 11 Home teardowns are becoming common in more and more US suburbs WP Washington MERION Homes bought two dozen rambler-style houses in Northern Virginia’s Pimmit Hills community for about US$450,000 each, just to knock them down. Now it’s selling customised residences
      WP; PHOTO: BLOOMBERG  -  1,055 words
    • Article, Illustration
      Lock icon Stonewall Inn may be designated NY landmark
      947 12 The bar is known as a historic battleground for gay rights in New York’s long, rich history of gay culture NYT New York WITH its burned-out neon sign and darkened windows, there was little to distinguish the Stonewall Inn from any other West
      NYT; PHOTOS: NYT  -  947 words
    • Article, Illustration
      Lock icon ‘Little spaces’ make big difference in megacity Lagos
      891 13 More than 80 parks have been installed since 1999, says official who has led green campaign AFP Lagos FOR Monica Zunnyi-Abu, hosting her son’s 10th birthday party in an unremarkable park in Nigeria’s financial capital Lagos proved to be a revelation. The
      AFP; PHOTO: AFP  -  891 words
    • Article
      Lock icon Brookfield said to be in talks to buy Blackstone’s Center Parcs
      317 14 It’s offering £2.4b to acquire UK holiday-resort operator, sources say Bloomberg London BROOKFIELD Asset Management Inc, Canada’s largest alternative asset manager, is in talks to acquire holiday-resort operator Center Parcs UK Group from Blackstone Group LP, people with knowledge
      Bloomberg  -  317 words
    • Article
      Lock icon Blackstone plans Oakland apartment project as tech boom spreads
      387 14 Bloomberg Seattle BLACKSTONE Group LP is working with a partner to develop a US$150 million residential and retail project in Oakland, California, as the city’s real estate market benefits from the Bay Area technology boom. Blackstone and CityView, a property company
      Bloomberg  -  387 words
    • Article
      Lock icon Indian govt again issues land acquisition order
      267 14 Reuters New Delhi THE Indian government has issued an executive order for the third time to make it easier to buy farmland for large projects after failing to win parliamentary for a controversial land bill championed by Prime Minister Narendra Modi. The ordinance
      Reuters  -  267 words
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  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      165 14 tlSGPF -air Singapore Gifts Premiums Fair 2015 29-31 JULY 2015 Marina Bay Sands, Singapore Sands Expo Convention Centre, Level 1, Hall B C (D BUY&WIN Simply visit SGPFairfrom 29 31 July and make a purchase (no min. value) before 31 Dec 2015 Pink Brilliante Eterno Worth $30 180 Stand a
      165 words
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      Lock icon Page 14 Advertisements Column 2
      31 14 2 If you're looking for a landed home with a large enough driveway, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988. Own cars?
      31 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Towards service par excellence
      4281 15 this week’s topic: How can Singapore raise service standards and build a strong service culture? William Chu President Avnet Technology Solutions Asia-Pacific EXCELLENT service is achieved when we take pride in what we do, possess the necessary skills and have access to resources that support us.
      PHOTO: FREEIMAGES  -  4,281 words
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article
      Lock icon Adding alternative investments to your portfolio
      1690 18 / 19  -  Private equity, real estate, hedge funds and commodities can be good diversifiers, but be wary of the costs. By Peter Douglas By Peter Douglas The writer was the first Chartered Alternative Investment Analyst (CAIA) charterholder in Singapore, and is currently the principal of CAIA’s
      1,690 words
    • Article, Illustration
      Lock icon Understanding the table
      537 18 / 19  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT THE table at left shows how various investment indices are correlated with each other. A high correlation (closer to 1) means that when one asset class appreciates, the other will also move up in tandem, and vice versa. A low correlation, but
      PHOTO: AFP  -  537 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Rupiah slump sends Indonesian borrowers back home
      747 20 Rising hedging costs is also denting the appeal of overseas financing IFR Singapore THE double whammy of a slumping currency and rising hedging costs is denting the appeal of overseas financing for Indonesian borrowers. Telecom operator Indosat turned to the local rupiah market
      IFR; PHOTO: AFP  -  747 words
    • Article
      Lock icon FSB’s too-big-to-fail plan flawed: Vanguard
      458 20 It joins Fidelity to fight regulator’s proposal on funds Bloomberg New York VANGUARD Group Inc, the world’s second-biggest money manager, has joined the fight against a plan by the Financial Stability Board (FSB) to identify too-big-to-fail investment funds, calling its proposal deeply flawed. Vanguard, which
      Bloomberg  -  458 words
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  • TECHNOLOGY
    • Article
      Lock icon Aussie startups luring Silicon Valley money
      774 22 US venture capital firms are attracted by the legal and regulatory environment in Australia NYT New York IN November 2013, John Locke and Nate Niparko, two members of the investment team at the US venture capital firm Accel Partners, got off a plane here
      NYT  -  774 words
    • Article, Illustration
      Lock icon US newspapers struggle to find path in digital age
      834 22 AFP Washington THE news remains mostly bleak for the American newspaper industry, struggling over the past decade to adapt to the new digital landscape. The sale of the San Diego Un-ion-Tribune in early May for US$85 million underscored the horrific slump
      AFP; PHOTO: BLOOMBERG  -  834 words
    • Article, Illustration
      Lock icon US tried Stuxnet-style virus operation against North Korea but failed
      1071 23 NSA-led campaign was stymied by Pyongyang’s utter secrecy: official Re uters San Francisco THE United States tried to deploy a version of the Stuxnet computer virus to attack North Korea’s nuclear weapons programme five years ago but ultimately failed, according
      Reuters; BLOOMBERG FILE PHOTO  -  1,071 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Edox gears up, expands reach of sports range
      413 24  -  Swiss watchmaker Edox is banking on the higher end of the mass segment By Prisca Ang prisang@sph.com.sg EDOX’S recent marketing strategy could be a timely move for the Swiss watchmaker in driving brand awareness of its performance sports watches. Due to shifting
      PHOTO: CRYSTAL TIME  -  413 words
    • Article, Illustration
      Lock icon Proposal to modify plants revives GMO debate
      864 24 NYT New York WHAT’S in a name? A lot, if the name is genetically modified organism, or GMO, which many people are dead set against. But what if scientists used the precise techniques of today’s molecular biology to give back to plants genes
      NYT; PHOTO: AFP  -  864 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon G-7 holds off criticising Japan over yen’s drop
      807 25  -  This increases possibility BOJ will be emboldened to loosen monetary policy further, pushing currency even lower By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN was let off lightly by its Group of 7 (G-7) partners meeting in Germany last Friday over the sharp and
      PHOTO: REUTERS  -  807 words
    • Article, Illustration
      Lock icon Sweden readies infrastructure boom to help lower unemployment
      337 25 Bloomberg Stockholm SWEDEN’S government will work to reverse a 30-year stagnation in public and private investments to meet its main pledge of lowering unemployment. Finance Minister Magdalena Andersson said there’s a big potential, since public investments as a share of the Swedish
      Bloomberg; PHOTO: AFP  -  337 words
    • Article, Illustration
      Lock icon German business lobby groups call for Russia’s inclusion in G-7 meeting
      376 26 They say Russia’s presence can contribute to solving crises Reuters Berlin RUSSIA should be invited to rejoin a summit of the Group of Seven industrial powers next weekend, the heads of two German business lobby groups were quoted as
      Reuters; PHOTO: REUTERS  -  376 words
    • Article, Illustration
      Lock icon Scientists warn Japan to be vigilant for next big earthquake
      591 26 AFP Tokyo SEISMOLOGISTS on Sunday warned Japan to stay vigilant for the next “Big One” after a powerful 7.8-magnitude earthquake struck off the coast of the quake-prone nation, injuring a dozen people. Saturday’s quake was the second sizeable tremor Tokyo
      AFP; PHOTO: REUTERS  -  591 words
    • Article
      Lock icon North Korea seen able to avoid food crisis
      441 27 It has updated farming methods and switched crops to soften blow of drought: observers Reuters Seoul NORTH Korea has updated farming methods and switched crops that could help soften the blow of drought and avert a disastrous food shortage, an aid worker
      Reuters  -  441 words
    • Article, Illustration
      Lock icon John Kerry cuts short Europe trip after breaking leg in bike crash
      484 27 AFP Geneva US Secretary of State John Kerry broke his leg in a cycling accident in France on Sunday and will fly back to the United States for treatment, cutting short a European trip. Mr Kerry, 71, a
      AFP; PHOTO: AFP  -  484 words
    • Article, Illustration
      Lock icon US Vice-President Biden’s son Beau dies of cancer
      455 27 AFP Washington BEAU Biden, the eldest son of US Vice-President Joe Biden and a two-time attorney general for Delaware, has died of brain cancer, his family announced on Saturday. He was 46. Beau Biden, who had served in Iraq as a lawyer
      AFP  -  455 words
    • Article, Illustration
      Lock icon Europe should weigh World Cup boycott to oust Fifa’s Blatter: UK
      1025 28 Swiss authorities deny they will soon question soccer’s governing body chief FIFA SCANDAL Reuters London BRITAIN said Europe should consider boycotting future World Cups if Sepp Blatter doesn’t quit as head of soccer’s governing body over a corruption scandal,
      Reuters; PHOTO: REUTERS  -  1,025 words
    • Article, Illustration
      Lock icon Fed researchers propose another policy tool
      600 29 Segregated balance account could supplement the other mechanisms for raising rates Bloomberg New York THE Federal Reserve Bank of New York’s research chief detailed the case for an additional policy tool to raise interest rates that would reduce dealings with the shadow-banking system when
      Bloomberg; PHOTO: BLOOMBERG  -  600 words
    • Article
      Lock icon Japan banks urged to brace for Fed hike
      334 29 Reuters Tokyo JAPAN’S financial regulator is urging banks to strengthen safeguards against potential market turbulence from a US interest rate hike expected later this year, according to a document seen by Reuters. Policymakers believe Japan’s banking system remains sound with no immediate
      Reuters  -  334 words
    • Article
      Lock icon Fed’s meetings getting more complicated, says new research
      386 29 Bloomberg New York EIGHT times a year, members of the Federal Reserve Board of Governors and presidents of the 12 Federal Reserve Banks get together to discuss US monetary policy. Minutes of these Federal Open Market Committee, or FOMC, meetings are released
      Bloomberg  -  386 words
    • Article
      Lock icon Greece, economy, bond purchases top agenda of ECB meeting
      685 30 Central bank’s governing council is unlikely to announce any new policy moves: observers AFP Frankfurt THE European Central Bank (ECB), bolstered by the success of its controversial bond purchase programme, will pledge to keep it in place while downside risks to
      AFP  -  685 words
    • Article
      Lock icon RBI set for third interest rate cut of the year
      504 30 India’s central bank is confident that inflation is stable enough to weather the summer monsoon AFP Mumbai INDIA’S central bank is expected to cut interest rates for a third time in five months when it meets this week, confident that
      AFP  -  504 words
    • Article, Illustration
      Lock icon Industrial hub Ulsan a warning signal for cooling South Korea
      679 31 Policymakers have called for greater focus on developing domestic demand and service Reuters Ulsan, South Korea THE port of Ulsan was the cradle of South Korea’s breakneck industrialisation. Now, the main production site for big manufacturers such as Hyundai Motor
      Reuters; PHOTO: REUTERS  -  679 words
    • Article
      Lock icon Britain’s private sector growing at fastest pace in a year: CBI
      234 31 Reuters London BRITAIN’S private sector recorded its strongest economic growth for a year in the three months to May, according to the Confederation of British Industry, in contrast to weak official data for the first quarter of 2015. The
      Reuters  -  234 words
    • Article, Illustration
      Lock icon Merkel calls for support for US trade pact
      1093 32 Important to sign accord before Obama leaves office in 2017, with US one of Germany’s most important partners Reuters Berlin CHANCELLOR Angela Merkel tried to drum up support in Germany for the Transatlantic Trade and Investment Partnership (TTIP) ahead of the G7
      Reuters; PHOTO: REUTERS  -  1,093 words
    • Article, Illustration
      Lock icon Get a tax break plus lobster & beef in Japan
      1054 33 Get a tax break plus lobster beef in Japan Taxpayers who donate to towns with dwindling populations receive a wide range of thank-you gifts in return NYT Hirado, Japan TAX breaks come in many forms. Charitable gifts. Healthcare expenses. Mortgage interest payments. In this small fishing village, they come in
      NYT; PHOTO: NYT  -  1,054 words
    • Article, Illustration
      Lock icon More of the world’s elderly are staging heists and robbing banks
      1068 34 Rising poverty rates and isolation among the elderly are being blamed in some countries Bloomberg New York BRITISH tabloids were abuzz after a dramatic recent heist in London’s Hatton Garden diamond district, as thieves made off with more than
      Bloomberg; PHOTO: BLOOMBERG  -  1,068 words
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      Lock icon Page 30 Advertisements Column 1
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      Lock icon Page 30 Advertisements Column 2
      21 30 Select furniture for your home or showcase your merchandise in CLASS 114 To advertise, call the Print Classified Hotline: 1800-289 9988
      21 words
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  • Page 32 Advertisements
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      Lock icon Page 32 Advertisements Column 1
      161 32 > printpack+sign 29-31 JULY 2015 Marina Bay Sands, Singapore Sands Expo Convention Centre, Level 1, Hall B H) BUY&WIN Simply visit PrintPack+Sign from 29 31 July and make a purchase (no min. value) before 31 Dec 2015 Pink Brilliante Eterno worth $30 180 'J Stand a chance to win iPad
      161 words
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  • Page 34 Advertisements
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      Lock icon Page 34 Advertisements Column 1
      78 34 The first real estate and urban build conference in Myanmar m nrjanmar Incorporating: Myanmar o retail m Urban and City Planning Conference 2015 TT1 g Real Estate Show Myanmar 2015 3-5 August 2015 Yangon, Myanmar [I N f*?* Your gateway to trends and investment opportunities in Myanmar's real estate For
      78 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon SilkAir launches direct flight to adventure capital Cairns
      507 35  -  New service is the airline’s most operationally expensive yet and will be operated with its latest Boeing 737-800 aircraft By Helmi Yusof helmi@sph.com.sg @HelmiBT IN the wee hours of Saturday morning, SilkAir launched its first direct flight to Cairns, marking parent company
      PHOTO: SILKAIR  -  507 words
    • Article
      Lock icon Soaring tanker rates show oil supply glut persists
      450 35 Bloomberg London FOUR months into oil’s rebound from a six-year low, the tanker market is sending a clear signal that the rally is under threat. A sudden surge in demand for supertankers drove benchmark charter rates 57 per cent higher in the
      Bloomberg  -  450 words
    • Article
      Lock icon Port workers lift strike threat in Argentina export hub: port chamber
      258 35 Reuters Buenos Aires PORT workers in Argentina’s Rosario grains export hub lifted a threat to launch a strike on Monday to allow further negotiations with employers, the local port chamber said. The workers, members of the San Lorenzo branch
      Reuters  -  258 words
    • Article, Illustration
      Lock icon New Malaysia Airlines CEO impresses with micromanaging ways
      685 36 Mr Mueller’s meticulous nature is seen as key asset for ailing carrier Reuters Singapore NEW CEO Christoph Mueller’s plans for troubled Malaysia Airlines including a new brand, a smaller fleet and one third less staff are widely seen as a promising blueprint
      Reuters; FILE PHOTO  -  685 words
    • Article
      Lock icon Solar Impulse takes off for six-day, six-night Pacific flight
      362 36 AFP Nanjing THE revolutionary Solar Impulse 2 aircraft took off early Sunday for a six-day, six-night flight over the Pacific Ocean, the most ambitious leg of its quest to circumnavigate the globe powered only by the sun. Pilot Andre Borschberg, 62,
      AFP  -  362 words
    • Article, Illustration
      Lock icon Airbus sees ‘several hundred’ orders at Paris Airshow
      297 36 Reuters Paris AIRBUS could announce “several hundred” airplane orders at the June 15-21 Paris Airshow, Fabrice Bregier, chief executive of the planemaking unit of Airbus Group, said “It will be a good show,” he told i-Tele television. Airbus has seen a surge
      Reuters; PHOTO: REUTERS  -  297 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    1921 37 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL KUC KK JKT SUR MALAYSIA STAR 46 50 8/6 9/6 13/6 17/6 KOOKYANG EXPRESS 3 55 11/6
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Ready to tear the house down, WWE-style
      749 39  -  Superstar Dolph Ziggler, who will be in action here on July 2, promises to put on a great show By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore NICK Nemeth was just five years old when his father brought him to a wrestling event in his
      749 words
  • Page 39 Miscellaneous
    • Miscellaneous
      Lock icon Page 39 Miscellaneous Column 1
      350 39 CRYPTIC CROSSWORD Across 1 What may hinder current freedom fighters? (10) 6 Dad gets right by river for fish (4) 9 Good shield may be seen to be so expensively protected! (4-6) 10 Loss of title (4) 12 Wizard beginning but not ending (4) 13 Toy boy keeps talking (7,2)
      350 words
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  • DINING OUT
    • Article, Illustration
      Lock icon Esquina rolls out the crowdpleasers
      550 40  -  Chef Robert Daniels’s straightforward and confident cooking is right on cue. By Jaime Ee NEW CHEF Esquina 16 Jiak Chuan Road Tel: 6222 1616 Open for lunch and dinner Mon to Fri: 12pm to 2.30pm; 6pm to 10.30pm. Sat: 6pm to 10.30pm DISCLAIMER: I dislike
      PHOTOS: JAIME EE  -  550 words
    • Article, Illustration
      Lock icon Cooking up a ‘raw bar’ concept
      605 40 jaime@sph.com.sg @JaimeEeBT NEW MENU The Pelican Seafood Bar Grill #01-01 One Fullerton, 1 Fullerton Road Tel: 6438 0400 Open for lunch and dinner Mon to Sat: 12pm to 3pm (until 6pm on Sat); 6pm to 11pm DISCLAIMER: I dislike raw bars. I’ve never understood
      PHOTO: JAIME EE  -  605 words