The Business Times, 3 June 2015

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Microfilm: NL33512
Total Pages: 26
1 26 The Business Times
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  • Title Section
    Lock icon Masthead
    31 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD■BEST IN OVERALL REDESIGN■ S$1.00 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 Wednesday, June 3,2015
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  • DAILY DIGEST
  • Article
    Lock icon MARKETS
    26 1 Tuesday Change STI 3,340.75 -51.36 KL Comp 1,741.37 -2.04 Nikkei 225 20,543.19 -26.68 Hang Seng 27,466.72 -130.44 Shenzhen B 1,607.25 +17.07 Dow(11.45am EDT) 18,016.01 -24.36
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  • Article, Illustration
    Lock icon New manpower minister to stay the course on foreign-worker policy
    867 1  -  Not enough for companies to be aligned in working towards “priority outcomes”, they must also move and act decisively, says Swee Say By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore EMPLOYERS can perish all thoughts of an easier labour market. The
    PHOTO: MARK CHEONG/ THE STRAITS TIMES  -  867 words
  • Article, Illustration
    Lock icon S’pore PMI back in expansion mode, but economists not swayed
    603 1  -  Weak electronics and exports, slowing Asia cited for caution By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT SINGAPORE’S manufacturing sector is back in expansion for the first time in six months, according to the latest purchasing managers’ index (PMI). But the turnaround
    Source: Singapore Institute of Purchasing & Materials Management  -  603 words
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      60 1 8 "*****1 *****4 SINGAPORE’S SUCCESS Racial integration the key: Obama TOP STORIES 4 INVESTMENT Chinese ETFs come with volatility exec money 26 STRAIT TALK EU beaching ban will be counterproductive TRANSPORT/19 Tokyo fund closes with Straits Trading unit as Key sponsor Landed sales buoyed by pent-up demand Sophia Road residential
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      11 1 COMMENTARY Top 50 list mired in controversy again life CULTURE 24
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  • TOP STORIES
    • Article, Illustration
      Lock icon Times will be as tough as what S’pore pioneers endured: Heng
      775 2  -  Education Minister says the Republic must adopt pioneering spirit to tackle global competition and deal with myriad changes By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE accelerating pace of economic competition in the world will mean that Singapore will have
      PHOTO: ALPHONSUS CHERN / THE STRAITS TIMES  -  775 words
    • Article
      Lock icon HSBC set to axe thousands in strategy overhaul
      740 2 Investment bank to bear the brunt a move seen as more politically acceptable BLOOMBERG REUTERS London HSBC Holdings Plc is preparing to cut thousands of jobs as part of a revamp to be announced by chief executive officer Stuart Gulliver next week,
      BLOOMBERG; REUTERS  -  740 words
    • Article
      Lock icon Fifa should become a listed company to ensure transparency
      618 2  -  FIFA TURMOIL By Mark Gilbert EXECUTIVES arrested amid allegations of corruption and bribery; a chief executive who appears tone deaf to the damage being done to one of the world’s most lucrative brands; and the looming threat that the biggest contributors
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    • Article, Illustration
      Lock icon Entertainment, media industry to ride S’pore’s mobile, Net edge
      1249 3  -  But PwC notes Republic has one of the lowest proportions of digital media spend among developed countries By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore SINGAPORE’S high quality mobile and broadband network will help the Republic’s entertainment and media industry to grow
      Source: PwC’s Global Entertainment and Media Outlook 2015–2019  -  1,249 words
    • Article
      Lock icon Smart Nation makes headway with 3 more projects
      507 4  -  Minister says Singapore has entered ‘build phase’ in its push to ride on technology to improve living and create new opportunities By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SINGAPORE’S Smart Nation ambitions got a fillip on Tuesday with initiatives announced at the Infocomm
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    • Article, Illustration
      Lock icon Racial integration a reason for S’pore’s success: Obama
      404 4  -  US President calls on Myanmar to end discrimination By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SINGAPORE has been successful in part because it has “been able to bring together people who may look different, but (who) all think of themselves as part of
      PHOTO: AFP  -  404 words
    • Article
      Lock icon Singapore ranks 9th for rule of law
      374 4  -  Republic gets top marks for factors that emphasise formal and procedural rules By Ong Hui Qun ohuiqun@sph.com.sg Singapore SINGAPORE was ranked ninth overall worldwide, rising by a spot from last year, in a rule of law index released yesterday. Under the category of
      374 words
    • Article, Illustration
      Lock icon Trade associations key to helping SMEs thrive: Lim Hng Kiang
      582 4  -  Six trade associations and chambers get more funds to help businesses develop By Elizabeth Mak eamak@sph.com.sg Singapore SIX trade associations and chambers (TACs) were awarded further funding totalling about $7 million for their Local Enterprise and Association Development (LEAD) programmes
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      54 2 Save up to 50% Sale ends this weekend 7 June 2015 spacefurniture.asia Space Furniture Open 10.30am to 8.00pm daily 77 Bencoolen Street, Singapore *****3 +65 6415 0000 Conditionsapply. Check in-store for details Earn > spent onyour American Express Cards at Space Ft Express Platinum® Reserve Credit Card and Platir International,
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      159 3 ASIA EXECUTIVE SERIES EMERGING CFOs FOR ASIA PROGRAMME 2 6 NOVEMBER 2015 PROGRAMME FEATURES: Distinguished faculty from the University of Chicago and NUS, including the former Governor of the US Federal Reserve Leadership keynotes from top management of renowned MNCs Insightful discussions on how to manage risk, raise debt/equity capital,
      159 words
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      86 3 50 years of Nation Building with Standards Since 1966, standards contributed to the national development and growth of this little red dot where we call home. In celebration of SG50, save 50% on Singapore Standards, Technical References and packages from now till 30 June 2015. Discover how you and your
      86 words
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      274 4 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? byGabriel
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      11 4 www.omy.sg HITMAN IsD^5S@) SCAN WATCH NOW more (cpshowbiz.omy.sg UFM 100^ www.omy.sg
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon ST Index drops 1.5% in the biggest sell-off in five months
      474 5  -  Loss is a culmination of months of non-performance; benchmark index now in the red for 2015 By R Sivanithy sivan@sph.com.sg @RSivanithyBT Singapore THE Straits Times Index (STI) on Tuesday collapsed 51.36 points or 1.5 per cent to 3,340.75, a
      Source: Bloomberg  -  474 words
    • Article, Illustration
      Lock icon RHB research head quits to start own fund
      417 5  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore TERENCE Wong, the head of research at RHB Research in Singapore and best known for his expertise in small-cap companies, will leave the firm after June 5 to set up his own fund. BT understands that
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    • Article, Illustration
      Lock icon Global Invacom buys US satellite maker Skyware Global
      462 5  -  Move will boost its presence in China, Israel, Malaysia and UK By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SATELLITE equipment specialist Global Invacom Group is buying US satellite terminal manufacturer Skyware Global for up to US$ 11.6 million, in a move the mainboard-listed
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    • Article
      Lock icon GSS Energy gets a foot into oil trading
      593 6  -  It inks deal with Dutch firm FinCo’s unit AFCO to invest in a JV that will market and distribute mineral oil and crude oil products in Indonesia By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore GSS Energy is moving into energy trading after inking
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    • CORPORATE DIGEST
      • Article
        Lock icon Global Logistic Properties
        42 6 GLOBAL Logistic Properties (GLP) has signed new lease agreements on facilities totalling 146,000 square metres with six third-party logistics providers in China. Five of the new leases were signed with repeat customers, including Best Logistics, Deppon Logistics and Goodaymart.
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      • Article
        Lock icon Kingsmen Creatives
        85 6 KINGSMEN Creatives Ltd has entered into a sale-and-purchase agreement with Peok Chong Eng to acquire 117,000 ordinary shares of Kingsmen (North Asia) Ltd (KNA) for an aggregate consideration of S$3.17 million. The deal will see Kingsmen increase its shareholding in KNA from 92.2 per cent to 100 per
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      • Article
        Lock icon Singapore Press Holdings
        143 6 SINGAPORE Press Holdings’ (SPH) wholly owned subsidiary, Sphere Exhibits, has purchased 4,000 shares in Beerfest Asia from Timbre Group representing 40 per cent of the share capital of Beerfest for a consideration of S$580,000. The deal has upped SPH’s stake in Beerfest; Sphere now holds 80 per
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      • Article
        Lock icon SHC Capital
        105 6 SHC Capital is poised to turn into a medical device business through the reverse takeover of Tong Da Medical Device. The firm, a cash company since the sale of its insurance business last August, will fulfil the consideration of S$120 million through the issuance of shares at S$0.07
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    • Article, Illustration
      Lock icon Noble plunges amid market sell-off
      276 6  -  HOT STOCKS By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore MAINBOARD-LISTED commodity firm Noble Group lost five Singapore cents, or 6.3 per cent of its value, on Tuesday to end trading at 74.5 cents amid a general stocks sell-off. The Straits Times Index itself collapsed 51.36 points
      Source: Bloomberg  -  276 words
    • Article, Illustration
      Lock icon Ezra falls amid plan for rights issue
      455 6  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore EZRA shares fell on Tuesday to their lowest level since a decade ago after the oilfield services group said over the weekend that it plans to raise funds to refinance its debt, though analysts were quick to
      Source: Bloomberg  -  455 words
    • Article
      Lock icon Analysts cut M’sian earnings growth forecasts for ’15
      475 7  -  This comes after a poor performance by corporate M’sia in the first three months By Pauline Ng btworld@sph.com.sg Kuala Lumpur EQUITY analysts have trimmed 2015 earnings growth estimates after corporate Malaysia turned in a dismal performance in the first three months –one
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    • Article, Illustration
      Lock icon CDL’s ‘green’ condo gets global recognition
      300 7  -  It wins big at FIABCI World Prix d’Excellence Awards; Capitaland bags 2 awards By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore CITY Developments Ltd’s (CDL) Tree House condominium has received international recognition for its ecoinspired design and green features. The Chestnut Avenue property topped the Sustainable
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    • Article
      Lock icon Hyundai shares tumble to five-year low
      493 7 BLOOMBERG Seoul A YEAR ago, Hyundai Motor Co analysts were predicting the stock would be breaking record highs by about now. They were wrong. Shares of South Korea’s largest carmaker tumbled 10 per cent on Tuesday to their lowest close since August 2010, making
      BLOOMBERG  -  493 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times index June 2,2015 3,340.75 -51.36 (-1.51%) Current streak 5 days Day high 3,375.05 Day low 3,340.75 52-week high 3,539.95 (Apr 15, 2015) 52-week low 3,154.21 (Oct 16, 2014) FTSE ST Catalist index June 2,2015 693.77 -7.30 (-1.04%) Current streak 4 days Day high 702.37 Day low
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    • Article, Illustration
      Lock icon Heavy selling hits STI
      677 8  -  This comes ahead of expected Tuesday collapse on Wall St; index is in negative territory for year so far STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE bottom fell out of the local stock market on Tuesday, partly because of an impending change to the liquidity rules
      Source: Bloomberg  -  677 words
    • Article
      Lock icon STI STOCKS
      307 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 247 +7 250/240 271 219 5.9 6246.1 CapitaLand 343 -6 345/341 379 293 12.6 2.6 ***** CapitaMall Trust 218 +1 220/212 228 188.5 5 7564 CityDev 1025 -27 1048/1019 1095 915 12.3
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    • Article
      Lock icon MOST ACTIVE
      35 8 VOLUME Debao Property 68,828,800 Noble 59,804,900 Singtel 56,047,800 IHC 45,666,500 Golden Agri-Res 41,191,400 Market volume 1,713,114,000 VALUE Singtel 225,698,052 DBS Grp 141,623,902 UOB 127,079,647 Keppel Corp 119,966,582 OCBC Bank 111,454,589 Market value 1,760,030,000
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    • Article
      Lock icon SGX ETFs Most Active
      113 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US733 -30 816 765/733 1000/696 733/735 91.6 STI ETF 339 -4 409 342/338 355/319 338/339 UETF SSE50China 314 +12 179 319/310 325/140 313/316 98.1 Lyxor Japan US$ US132.5 -1.2 73 133/132.5 135.4/110
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jun 2 VALUE CLOSE BT OB/OS -473.00 -219.00 BT CADI -*****.00 -185.00 BT 10-day MA -*****.00 -47.00 FTSE ST Mid Cap 781.13 -2.37 FTSE ST Small Cap 492.82 -5.46 FTSE ST All Share 806.01 -10.59 FTSE ST China Top 215.17 +0.96 FTSE ST China 257.11 +2.72 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share FTSE ST All-Share index June 2,2015 806.01 -10.59 (-1.30%) Current streak 5 days Day high 813.28 Day low 806.01 52-week high 847.98 (Apr 15, 2015) 52-week low 762.71 (Oct 16, 2014)
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      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE index June 1,2015 1,891.21 -7.77 (-0.41%) Current streak 3 days Day high 1,906.71 Day low 1,888.31 52-week high 1,995.49 (July 3, 2014) 52-week low 1,697.01 (Jan 7, 2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 10 1 0 0 0 3 10 1 Manufacturing 28 74 35 9 12 8 37 86 43 Commerce 23 21 16 2 7 3 25 28 19 Tpt/Stor/Comms 6 27 9
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 29,969 29,969 165,359 165,359 Manufacturing 193,286 65,794 259,080 114,994 4,779 119,773 Commerce 111,920 37,046 148,966 105,801 1,861 107,661 Tpt/Stor/Comms 188,655 1,650 190,305 373,866 129 373,995 Finance 38,345 91 38,436 421,587 17 421,604 Construction 26,688 24,830
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    • Article
      Lock icon GAINERS
      78 8 BY CENTS CLOSE UP 52w high/low DBXT CSI300 US$ 1416 116.6 6.5 1430/623 DBXT China50 US$ 3983 32.6 0.6 4258/2800 Lyxor ChinaH US$ 1944 32.6 1.3 2055/1280 Courage Marine 89 19.0 27.1 99/10 HongkongLand USD 874 17.6 1.5 880/646 BY PERCENTAGE CLOSE UP 52w high/low UOB MB ePW*****2 5.3
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    • Article
      Lock icon LOSERS
      78 8 BY CENTS CLOSE DOWN 52w high/low DBXT MSKorea US$ 5659 -219.7 -2.8 6735/5484 SPDR S&P500 US$ ***** -170.9 -0.6 *****/***** Jardie C&C 3791 -146.0 -3.7 4770/3702 JMH USD 6043 -141.0 -1.7 6788/5700 JSH USD 3256 -92.2 -2.0 3810/3233 BY PERCENTAGE CLOSE DOWN 52w high/low OCBC BK VTeCW*****5 5.9 -55.0
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 8 VOL CLOSE($) CHANGE Debao Property 68,828.8 0.071 +0.021 +42.00 Pharmesis Intl 3,631.6 0.052 +0.010 +23.81 Craft Print 775.8 0.075 +0.018 +31.58 Novo 220.9 0.320 +0.050 +18.52 Joyas Intl 23,551.6 0.030 -0.005 -14.29 Thakral Corp 1 0.103 0.350 +0.125 +55.56 Kingboard Copper 1,275.0 0.190 +0.029 +18.01 Luxking 364.7 0.039
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    • BROKERS’ TAKE
      • Article
        Lock icon KSH Holdings
        178 8 Buy June 2 close: S$0.51 Fair value: S$0.71 OCBC Investment Research, June 2 KSH reported that profit after tax and minority interests (Patmi) for FY15 decreased 7 per cent to S$41.7 million versus S$44.8 million in FY14. This was mainly due to reduced contributions from both the construction
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      • Article
        Lock icon Valuetronics Holding
        82 8 Buy June 2 close: S$0.515 Target price: S$0.60 Phillip Capital, June 2 VALUETRONICS beats our defensive net profit forecast, ending up 1 per cent year-on-year to HK$149.2 million (S$26.09 million) Although earnings will consolidate due to shifting of product mix, and earnings before interest and tax (Ebit) margins
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      • Article
        Lock icon Starhill Global Reit
        141 8  -  Compiled by Chan Yi Wen Buy June 2 close: S$0.88 Target price: S$0.97 Maybank Kim Eng Research, June 2 STARHILL recently completed its debt-funded S$303 million acquisition of Myer Centre Adelaide At 6.6 per cent NPI (net property income) yields on cost, we expect contributions in the
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    • Article
      Lock icon US dollar hits more than 12-year high against yen
      419 9 CURRENCIES AFP Tokyo THE US dollar hit a more than 12-year high against the yen on Tuesday as upbeat US data reignited talk of an interest rate hike this year. In Tokyo, the US dollar briefly hit 125.05 yen its strongest
      AFP  -  419 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Jun 2 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.961 4.765 0.702 5.962 49.051 101.635 0.958 8.561 2.841 1.080 78.291 34.359 1.042 9.437 0.726 23.737 25.973 0.506 0.769 Canada 1.040 4.956
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      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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        Lock icon SHANGHAI COMPOSITE
        2 9
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        Lock icon DOW JONES
        2 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Jun 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0423 1.0425 0.7686 0.7687 Canadian dollar 1.0840 1.0845 0.7997 0.7994 Euro 1.4849 1.4854 1.0950 1.0953 NZ dollar 0.9650 0.9656 0.7116 0.7120 Sterling pound 2.0590 2.0598 1.5183 1.5188
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      • Article
        Lock icon US$/S$ FORWARD RATES
        21 9 Jun2 S$ Bid Offer 1-month 1.3567 1.3570 2-months 1.3574 1.3576 3-months 1.3579 1.3583 6-months 1.3597 1.3603 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        404 9 Jun 2 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.76 *****.11 *****.52 Jun15 *****.00 *****.00 *****.00 *****.00 *****7 *****7 Jul15 *****.00 *****.00 *****.50 *****.00 3898 2727 NIKKEI 225 INDEX FUTURES SPOT *****.67 *****.61 *****.26 Jun15 *****.00 *****.00 *****.00 *****.00 ***** *****3 Sep15
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        202 9 Jun 2 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left OLS Enterprise W*****5 0.3 unch ***** 1 1 30 3.33 26 DBS MB eCW*****5 10.6 -1.7 6651 0.1 2050 3 WE Holdings Ltd W*****5 0.2 unch 4915
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 9 In local curr In S$ In US$ dy yr dy yr dy yr Jun 1 Index Change Change Change Change Change Change World Preliminary 1356.3 0.0 6.3 0.2 6.1 -0.2 3.9 EAFE Preliminary 1107.2 0.0 12.2 -0.1 8.8 -0.4 6.6 Europe Preliminary 1533.4 0.0 11.0
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    • BANK RATES
      • Article
        Lock icon SIBOR
        36 9 Jun 2 1 mth 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 0.***** 3 mths 0.***** 6 mths 0.***** Source: Thomson Reuters
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      • Article
        Lock icon INTERBANK RATES
        154 9 Jun 2 $S Offer Bid 0vernight 0.20 0.10 1-month 0.6875 0.5625 2-months 0.75 0.625 3-months 0.8125 0.6875 Overnight mode: 0.45 US$ Offer Bid 7 days 0.17 0.07 1 month 0.23 0.13 2 months 0.28 0.18 3 months 0.40 0.20 6 months 0.60 0.40 9 months 0.70 0.50 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        63 9 Jun 2 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.37 102.48 102.43 5-Year N*****0H 1.625 01-Oct-19 99.5 99.65 99.60 10-Year NX*****Z 2.375 01-Jun-25 99.25 99.45 99.35 15-Year NY*****E 2.875 01-Jul-29 101.94 20-Year NZ*****V 3.375 01-Sep-33 107.25 30-Year NA*****N
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Jun-1 Price Net change change Last Trade Agricultural Jun-1 CBOT Soybeans (US cents/bu) 926.00 -8.00 -0.86% 14/07/2015 CBOT Soybean Oil (US cents/lb) 34.51 1.18 3.54% 14/07/2015 CBOT Wheat (US cents/bu) 493.75 16.75 3.51% 14/07/2014 Jun-1 LIFFE Cocoa (£/tonne) 2094.00 -13.00 -0.62% 16/07/2015 LIFFE Coffee (US$/tonne) 1584.00 0.00 0.00%
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      114 5 Singapore Business Advisors Consultants Council (SBACC) presents the inaugural Singapore Management Consulting (SMC) Awards 2015. The SMC Awards recognises leaders in the management consulting industry and their accomplishments. Management consultants are invited to vie for 3 Prestigious Awards: Management Consultancy Project of the Year Management Consultant of the Year Promising
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      81 6 Lotus Pond at Peach Blossoms 1 June 31 July 2015 Dine at Marina Mandarin and relish the healthy benefits of lotus root. Believe to aid in digestion, boost immune and energy levels; the lotus root is a sought for ingredient in traditional asian culinary. Lotus Pond at Peach Blossoms takes
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      Lock icon Page 7 Advertisements Column 1
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      147 words
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      Lock icon Page 7 Advertisements Column 2
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  • REAL ESTATE
    • Article
      Lock icon Tokyo fund closes with Straits Trading unit as key sponsor
      466 10  -  Straits Real Estate commits 4.9 billion yen to Cordea Savills’s fund, may raise commitment in future closes By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore CORDEA Savills has announced the first closing of its Greater Tokyo Office Fund, with Straits Trading Company’s
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    • Article, Illustration
      Lock icon Sophia Road residential site up for collective sale
      770 10  -  This comes amid en bloc sale bids in Amber Park and Thong Sia Building in a generally quiet market By Lee Meixian leemx@sph.com.g @LeeMeixianBT Singapore Singapore FAIRHAVEN, a 15-unit residential development along Sophia Road, has been launched for collective sale by public
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    • Article
      Lock icon New York’s hotel growth causes pause in bond market
      652 10 BLOOMBERG New York NEW YORK is experiencing an explosion in hotel construction. While this is welcome news for visitors to Manhattan who should benefit from increased competition and lower prices, among bond investors and analysts the view is considerably less sanguine.
      BLOOMBERG  -  652 words
    • Article
      Lock icon China’s home sales pick up in May
      358 10 REUTERS Hong Kong CHINA’s housing sales in major cities, measured by floor space, jumped 37.4 per cent in May from a year earlier, a private survey showed on Tuesday, helped by government’s stimulus policies and developers’ push to clear inventories. The jump compares
      REUTERS  -  358 words
    • Article
      Lock icon Ado plans IPO to raise 400m euros
      206 10 BLOOMBERG Berlin ADO Properties SA, a residential real estate investor focused on Berlin, plans to raise at least 400 million euros (S$598 million) in an initial public offering (IPO) this year. Ado, whose parent company Ado Group Ltd is already traded in Tel
      BLOOMBERG  -  206 words
    • Article, Illustration
      Lock icon Landed property sales ‘buoyed by pent-up demand’
      610 11  -  RealStar Premier MD also attributes recent pick-up in such deals to anticipated changes in ABSD By Prisca Ang prisang@sph.com.sg Singapore SALES of landed properties appear to have picked up in recent months, and could climb further amid the pent-up demand and anticipated changes
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    • Article
      Lock icon Australian banks rein in loans to property investors amid stern warnings
      481 11 MORTGAGES REUTERS Sydney AUSTRALIAN banks are reining in their most profitable business after increasingly stern warnings from regulators that tighter mortgage lending standards may be needed to prevent a housing bubble in Sydney from destabilising the financial system. The
      REUTERS  -  481 words
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      Lock icon Mortgage approvals in UK soar
      266 11 BLOOMBERG London UK MORTGAGE approvals rose to the highest level in more than a year in April in a sign the housing market is strengthening. Approvals rose to 68,076, the most since February 2014, from an upwardly revised 61,945 in March, the Bank of England
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      113 10 4 6 LORONG 24 GEYLANG Pair Of 2-Storey Shophouses With Development Potential I A(ess I Freehold. Zoned Residential Institution. Plot Ratio 2.8 (Up to 8-Storeys) Total Site Area: Approx. 2,900 sq ft Total GFA: Approx. 3,400 sq ft (subject to final survey) Approx. 380 m to Aljunied MRT Surrounded by
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      130 10 SINGAPORE SHOPPING CENTRE 11 Contiguous Commercial Units Sizes From 409 Sq Ft Onwards Contact: Investment Properties 6 Battery Road, #32-01 Singapore *****9 Yap Hui Yee (9852 3687) (CEAReg No.:R*****5Z) Sammi Lim (9368 9803) (CEAReg No. R*****9J) Total strata area: 7,061 sq ft Individual unit size from 409 sq ft to
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      803 11 Broadcast hsia2015 0nmmunlchsla2015 www.Broadcast-Asia.comwww.CommunicAsia.comwww.goto-enterpriselT.com LEVEL 4 5 BASEMENT 2, LEVEL 1 &3 2-5 JUNE 2015 I MARINA BAY SANDS, SINGAPORE THE SHOW IS NOW OPEN! Asia's most comprehensive showcase of innovative technologies for the ICT, Digital Multimedia and Broadcasting industries Gain insightful knowledge and engage in discussions by 300+ leading
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      132 11 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BRANDZ+ PTE LTD (the “Company”) (In Creditors’ Voluntary Liquidation) (Company Registration No: *****1603E) At an Extraordinary General Meeting of the Company duly convened and held at 8 Shenton Way, #12-02 AXA Tower, Singapore *****1 on Wednesday
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  • BANKING & FINANCE
    • Article
      Lock icon China debt markets show more stress
      642 12 Smoked duck maker Zhong’ao defaults on bank loans, cites increasing difficulty in getting credit BLOOMBERG Shanghai CHINA’S debt markets signalled more stress as a duck processor cited increasing difficulty getting credit as it defaulted on bank loans ahead of a bond deadline next week.
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      Lock icon PBOC injects cheap funds using long-term lending tool
      392 12 BLOOMBERG Hong Kong CHINA is pressing ahead with its own version of Operation Twist as a surge in municipal debt issuance swamps the bond market, driving up long-term yields. The People’s Bank of China (PBOC) added cheap funds to the banking system
      BLOOMBERG; PHOTO: BLOOMBERG  -  392 words
    • Article
      Lock icon HSBC must face US lawsuits over mortgage debt losses
      341 12 REUTERS New York HSBC Holdings plc was on Monday ordered to face three US lawsuits accusing it of breaching its duties as a trustee overseeing residential mortgage-backed securities that suffered more than US$34 billion of losses in the global financial crisis.
      REUTERS  -  341 words
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      Lock icon Fed can’t get caught up in inequality debate: Bernanke
      954 12 Stimulus impact is “complex and uncertain”, and most likely small NYT New York BEN Bernanke, the former Federal Reserve chairman, has given short shrift to those who doubt the economic impact of his bond-buy-ing campaigns in helping to bring the US
      NYT; PHOTO: AFP  -  954 words
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      16 12 EDITOR'S CHOICE We bring you three top stories in full at businesstimes.com.sg every day thebusinesstimes btbreakingnews
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      234 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CALM SEA INVESTMENTS PTE. LTD. (In Members’ Voluntary Liquidation) (Company Registration No. *****0373R) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon The US oil fracker’s dilemma: crouch or pounce?
      869 13 US oil rig count, after being sliced by more than half since November, appears to have nearly bottomed out REUTERS Houston US SHALE oil producers, having weathered the worst price plunge in their industry’s brief history, now face a dilemma: whether to
      REUTERS; PHOTO BLOOMBERG  -  869 words
    • Article
      Lock icon Market strategy working: Saudi Arabia
      396 13 Demand is picking up and supply is slowing, minister says ahead of Opec meet BLOOMBERG Vienna SAUDI Arabia, which led Opec to refrain from cutting oil output at a November meeting, said days before the group decides policy once again that its market strategy is
      BLOOMBERG  -  396 words
    • Article
      Lock icon Big Oil promoting gas as successor to coal
      713 13 BLOOMBERG London OIL companies that have pumped trillions of barrels of crude from the ground are now saying the future is in their other main product: natural gas, a fuel they’re promoting as the logical successor to coal. With almost 200 nations
      BLOOMBERG  -  713 words
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      20 13 CHAUFFEUR MyS Rkfe& i. m m Be Driven from 7 UBI CLOSE, SINGAPORE *****4 alpinecarrental.com.sg ©*****638 *Terms and conditions apply
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      545 13 THE PORTFOLIOS OF SINGAPORE’S TOP INTERIOR DESIGN FIRMS, AT YOUR FINGERTIPS! FREE! DESIGNER SHOWCASE WITH HOME DECOR’S JUNE ISSUE DunearnRoad“We aim to customise, design and create to fulfil the homeowners’ needs and comfort.” HOME Clusterhouseoff SIZE 2,186sqf COLLECTIVE DESIGNS DESIGNERS SelinaTay Principal designer and director (centre) LEFTAChinese- inspired lattice lends
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Intel makes bid for rival semiconductor maker Altera
      1170 14 Chip-making business has become ruinously expensive for all but the biggest players NYT New York COMPUTERS stuffed with super-fast chips are going everywhere: home appliances, cars, smartphones and giant data centres. This creates rich opportunities for makers of semiconductors, vastly increasing the
      NYT; PHOTO: AFP  -  1,170 words
    • Article
      Lock icon Microsoft escalates dispute with US tax agency
      743 14 BLOOMBERG Washington MICROSOFT Corp and the IRS (Internal Revenue Service) are back in court, this time fighting about the US tax agency’s interest in hiring David Boies, the lawyer who beat Microsoft in an antitrust case in 2000. The software company filed a
      BLOOMBERG  -  743 words
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      Lock icon Focus on startups as Taiwan seeks new tech identity
      656 14 It is looking to smaller niche firms in the face of intense competition from rival China AFP Taipei AS the Computex trade show opens its doors on Tuesday in Taiwan it is putting a new focus on startups to boost the
      AFP; PHOTO: AFP  -  656 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Millennials drive new industry based on sharing or renting
      1023 15 The allure of “no ownership” is posing a disruptive force to traditional retailers REUTERS New York ALLISON Armour loves fashion, but doesn’t need to keep it in her closet. The 24-year-old frequents private-ly-held chain Crossroads Trading Co, where she buys brand-name
      REUTERS; PHOTO: REUTERS  -  1,023 words
    • Article
      Lock icon US online shoppers get perks as tech competition heats up
      561 15 WP Washington THE battle for online shoppers is intensifying as several leading tech giants announced moves to lure consumers into their virtual malls. Last week, Amazon said that members of its Prime programme in select cities will be given access
      WP  -  561 words
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      45 15 THE FASHION AND LIFESTYLE INDUSTRY IS MORE THAN GLITZ AND GLAMOUR. WORKING BEHIND-THE-SCENES IS HARD WORK. BUT EACH DAY, I'M DRIVEN BY AN EXTRAORDINARY ENERGY TO BRING MY TENANTS' BRANDS TO THE FOREFRONT. Cheryl Ling SENIOR EXECUTIVE(A&P) SPH RETAIL PROPERTY MANAGEMENT SERVICES PEOPLE WITH PASSION
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Greece, creditors line up rival reform proposals to unlock aid
      1015 16 Failure to reach agreement this month could trigger a Greek default and a potential exit from the euro zone REUTERS Athens GREECE’S creditors are close to finishing a draft agreement to put to the leftist government in Athens, a source
      REUTERS; PHOTO: BLOOMBERG  -  1,015 words
    • Article
      Lock icon Supply-side lift could inject US$1.5t to global growth
      608 16 It’s more than the ECB’s current bond-buying programme and is a buy signal for stocks: strategist BLOOMBERG London GLOBAL governments need to deploy Plan B to revive a lacklustre world economy. Reluctant to spend their way out of trouble even with rock-
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    • Article
      Lock icon US factory orders down in April, demand broadly soft
      510 16 LATEST US DATA REU TERS Washington NEW orders for US factory goods unexpectedly fell in April as demand for transportation equipment and a range of other goods weakened, suggesting that manufacturing remained constrained by a strong dollar and spending cuts in
      REUTERS  -  510 words
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      Lock icon Euro-area consumer prices up in relief for ECB after deflation scare
      414 16 BLOOMBERG Madrid EURO-AREA consumer prices rose for the first time in six months in May, providing respite for European Central Bank (ECB) policymakers after a deflation scare drove them to unleash a trillion-euro stimulus programme. The 0.3 per cent
      BLOOMBERG; PHOTO: REUTERS  -  414 words
    • Article
      Lock icon German labour market strong with unemployment at 24-year low
      430 16 AFP Frankfurt THE number of people registered as unemployed in Germany is lower than it has been since December 1991, as recovery in Europe’s biggest economy continues, data showed on Tuesday. The seasonally-adjusted jobless total fell by 6,000 to 2.786 million,
      AFP  -  430 words
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      Lock icon RBI cuts rates for third time this year to support India’s growth
      709 17 Central bank warns of more cuts later this year amid forecasts of below-average monsoon season REUTERS Mumbai INDIA’S central bank cut interest rates for a third time this year on Tuesday, taking advantage of subdued inflation to lend
      REUTERS; PHOTO: BLOOMBERG  -  709 words
    • Article
      Lock icon South Korea’s inflation speeds up for first time in 7 months
      399 17 REUTERS Seoul SOUTH Korea’s annual inflation in May accelerated for the first time in seven months, but still-low price pressures give the central bank enough headroom to cut interest rates again to jump-start a tottering economy. The consumer price
      REUTERS  -  399 words
    • Article
      Lock icon Taiwan president warns over stalled China trade deals
      354 17 AFP Taipei PRESIDENT Ma Ying-jeou warned on Tuesday of damage to Taiwan’s economy if the legislature does not pass controversial trade deals with China, which have stalled in the wake of mass protests. His comments come as tensions remain high over increased
      AFP  -  354 words
    • Article
      Lock icon Reserve Bank of Australia keeps rates on hold at 2%
      525 17 AFP Sydney AUSTRALIA on Tuesday kept interest rates at 2 per cent after slashing them to a record low last month, and called for a weaker currency to help counter a sluggish economy struggling with soft business spending. The Reserve
      AFP  -  525 words
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      Lock icon Seoul reports first two deaths from MERS
      761 17 REUTERS Seoul SOUTH Korea on Tuesday reported its first two deaths from an outbreak of Middle East Respiratory Syndrome (MERS) that has infected 25 people in two weeks, as public alarm grew and officials scrambled to contain the outbreak. South Korea has isolated
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      Lock icon Fifa denies that Blatter’s aide approved US$10m payment
      642 18 It says former finance chief who died last year authorised payment to Jack Warner, who faces US corruption charges AFP Zurich FIFA on Tuesday admitted that it had processed a US$10 million payment from South Africa to a disgraced football official but
      AFP; PHOTO: AFP  -  642 words
    • Article
      Lock icon OECD redefines itself as go-to resource for economic analysis
      767 18 AFP Paris THE Organisation for Economic Co-op-eration and Development (OECD), derided as a “rich nations’ club” that vegetated in its Parisian chateau for decades, has redefined itself as the go-to resource for economic analysis. “When I started my career (at the
      AFP  -  767 words
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      494 18 Keep Calm And Take Charge, Shun Failure, Network Effectively! Who should attend: Managers, Directors, Business Owners, Sales and Service Executives. FULL-DAY WORKSHOPS Positive Thinking: Bouncing Back From Failure Taking Initiative And Making Things Happen At The Workplace Taking initiative means handling duties and responsibilities without waiting to receive instructions from
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  • TRANSPORT
    • Article
      Lock icon EU beaching ban would be counterproductive
      642 19  -  It would, among other things, discourage improvements in South Asian ship-recycling industry STRAIT TALK BY DAVID HUGHES A CAMPAIGN is underway to persuade the European Commission not to ban beaching as a method of scrapping ships. One of the most prominent advocates of continuing
      642 words
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      Lock icon Over 450 tourists, crew missing after ship capsizes in China
      655 19 REUTERS Shanghai RESCUERS fought bad weather on Tuesday as they searched for more than 400 people, many of them elderly Chinese tourists, missing after a ship capsized on the Yangtze River in what was likely China’s worst shipping disaster in
      REUTERS; PHOTO: AFP  -  655 words
    • Article
      Lock icon Air France faces new safety probe after freighter scare
      428 19 REUTERS Paris AIR France faces its second safety investigation in as many weeks after pilots were forced to recover in mid-takeoff after entering the wrong data into the computer of a cargo jet, airline and safety officials said. The mistake over
      REUTERS  -  428 words
    • Article
      Lock icon Manchester Airport earmarks £1b to lure long-haul airlines
      530 19 BLOOMBERG London MANCHESTER Airport, the leading UK hub outside London, said it will spend £1 billion (S$2.06 billion) over the next 10 years on more than 60 upgrades aimed at broadening its appeal to the world’s long-haul airlines. The investment programme aims
      BLOOMBERG  -  530 words
    • Article
      Lock icon Takata to stop making inflater linked to airbag defect
      764 19 NYT New York AS it prepared for a US congressional hearing on Tuesday, Japanese vehicle supplier Takata vowed on Monday to stop producing the driver-side inflaters that have been tied to a defect in its airbags. But the company said it
      NYT  -  764 words
    • Article
      Lock icon Niche car brands may miss out on riding the COE boom
      414 20  -  Some have failed to debut new models to excite the market; one dealer says buyers now go for recognised brands By Samuel Ee samuelee@sph.com.sg Singapore SOME niche car brands in Singapore which have been languishing amid sluggish conditions may
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      Lock icon Concern over quality of Indian pilots’ training
      1747 20 BLOOMBERG New Delhi ANUPAM Verma has a certificate that shows he has flown an aircraft for 360 hours. He says that he got it after sitting in the co-pilot’s seat for just 35 minutes. He’s one of dozens of pilots in the country
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,747 words
    • Article
      Lock icon Fiat Chrysler puts off redesign or release of a dozen vehicles
      378 20 REUTERS Detroit FIAT Chrysler Automobiles in the past year has delayed the redesign or release of at least a dozen vehicles in North America, according to suppliers familiar with the company’s plans. The unusual number of delays could let
      REUTERS  -  378 words
    • Article
      Lock icon Microsoft fine said to be on shipping lines’ minds in EU probe
      494 20 BLOOMBERG Brussels THE 561 million euro (S$838 million) antitrust fine Microsoft Corp paid for breaking a promise is preying on the minds of shipping lines, including AP Moeller-Maersk A/S, in settlement talks with the European Union (EU). The
      BLOOMBERG  -  494 words
    • Article
      Lock icon Head of TSA reassigned after tests reveal flaws
      319 20 NYT Washington THE US Department of Homeland Security reassigned the acting director of the Transportation Security Administration (TSA) and ordered the agency to revise its security procedures after screeners at airport checkpoints failed to detect weapons and other prohibited items 95 per
      NYT  -  319 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    1809 21 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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      106 21 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES Make A Splash In The Maritime World Via s|£iJhiaritime.coM Ahoy there! If you are in a business pertaining to any sector of
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  • OPINION
    • Article
      Lock icon Turnaround for Malaysia Airlines ambitious but achievable
      539 22 MUCH has happened at struggling carrier Malaysia Airlines since its sole owner, Khazanah Nasional, revealed a RM6 billion (S$2.12 billion) 12-pronged “complete overhaul” plan to rescue the trage-dy-struck airline some nine months ago. EDITORIAL In December 2014, Malaysian Airline System Bhd (MAS) was
      539 words
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      Lock icon China should swiftly ink code of conduct with Asean
      829 22  -  THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator OVER the last two weeks, China and the United States moved dangerously close to the brink of war for the first time in almost two
      829 words
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      Lock icon Problem with analysing the ‘Obama Doctrine’
      1371 22  -  His critics have yet to explain how they would have dealt with foreign policy challenges, except by recycling parts of the bankrupted Bush Doctrine and sounding even more confused By Leon Hadar POLITICAL scientists have embraced the notion that every modern American president had
      PHOTO: REUTERS  -  1,371 words
    • Article
      Lock icon Optimism for Singapore as Asia’s LNG hub
      991 23  -  COMMENTARY By Sanjeev Gupta, Jai Krishnamurthy T The writers are the Asia-Pacific oil gas leader and analyst oil gas, respectively, at EY in Singapore. The views in this article are their own and do not necessarily reflect the views of the global EY
      991 words
    • Article
      Lock icon Merkel’s flexible line is rooted in history
      846 23  -  By Thomas Kielinger, David Marsh T Mr Kielinger has been a London correspondent since 1998 of German daily ‘Die Welt’ and is an author of biographies of Queen Elizabeth II and Winston Churchill. Mr Marsh is managing director of the official Monetary and
      846 words
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      Lock icon Behavioural economics exposes just how irrational people are
      1523 23  -  Richard Thaler’s rise may be just another example of human misjudgment. Or he might be onto something.BY MICHAEL LEWIS something.BY MICHAEL LEWIS BLOOMBERG VIEW I’M not sure we’re living in an age of disruption, or just an age that badly wants to
      BLOOMBERG VIEW; PHOTO: SEAH KWANG PENG/THE STRAITS TIMES  -  1,523 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Top 50 list mired in controversy – again
      1492 24  - Top 50 list mired in controversy again Question of how exactly candidates get onto the World’s 50 Best Restaurants list is back in the spotlight COMMENTARY By Jaime Ee jaime@sph.com.sg @JaimeEeBT THE World’s 50 Best Restaurants list which is embraced by chefs who are in it but privately criticised by
      Photo: AFP  -  1,492 words
    • Article
      Lock icon Rural Japan cities rebrand themselves as urban alternatives
      1181 24 Some cities are pulling in new, younger residents and their tech firms and other businesses, bucking the trend of greying Japanese towns WP Kamiyama, Japan AT first glance, Kamiyama looks like any other rural town in Japan: shuttered stores on the main
      WP  -  1,181 words
    • Article
      Lock icon Your birthplace determines your wealth
      671 24 WP Washington LIFE is a lottery, and the most important part isn’t how smart you are or even who your parents are. It’s where you were born. That, at least, is what economist Branko Milanovic, writing in the May issue of The Review of Economics
      WP  -  671 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      338 24 CRYPTIC CROSSWORD Across 1 Refusal to compromise, Irene can’t sign anyway (13) 10 Nearer the circle, or back beneath (7) 11 The girl turns out as substitute for the match (7) 12 Girl getting rave review (4) 13 Put off Edward’s return with hesitation (5) 14 Criticism that’s directed at
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  • EXECUTIVE MONEY
    • Article
      Lock icon Chinese ETFs come with volatility
      697 26 Foreign buyers, who seek to profit from a continuation of China’s world-beating rally, must navigate market volatility that is at the highest in five years BLOOMBERG New York US investors pouring money into Chinese ex-change-traded funds are finding it comes at a price: surging volatility.
      BLOOMBERG  -  697 words
    • Article, Illustration
      Lock icon Fund manager Ashburton sees spark in India
      464 26 BLOOMBERG Mumbai WHILE funds in May were selling Indian equities at the fastest pace in 22 months and buying Chinese stocks instead, Ashburton Investments Ltd was doing the opposite. Falling valuations have “presented an excellent opportunity to build positions” in India at the
      BLOOMBERG; PHOTO: REUTERS  -  464 words
    • Article, Illustration
      Lock icon Neither growth nor reasonable price
      887 25 Peter Lynch’s key to success in stocks no longer works as the P/E-to-growth gap is currently the widest since at least 1995 WP New York FOR Peter Lynch, the legendary Fidelity Investments fund manager who returned almost 30 per cent a year in the 1980s,
      WP; PHOTO: REUTERS  -  887 words
    • Article
      Lock icon US fund managers raise bets on healthcare even amid high prices
      851 25 But some analysts say it reminds them of the tech bubble of the late 1990s REUTERS New York LAST July, when Federal Reserve chair Janet Yellen spurred a sell-off in healthcare stocks by saying that valuations in shares of
      REUTERS  -  851 words
    • Article, Illustration
      Lock icon Euro now more closely linked to crude oil prices
      746 25 BLOOMBERG London IF you want to know which way the euro’s headed, ask an oil trader. The euro-dollar rate is tracking crude prices more closely than at any time in the past two years. The European Central Bank (ECB) gives more
      BLOOMBERG; PHOTO: BLOOMBERG  -  746 words
    • Article
      Lock icon Moody’s sees Fed spoiling record US$ sukuk sales
      638 25 BLOOMBERG Kuala Lumpur JUST as Asia enjoys a record quarter for dollar-denominated Islamic bond sales, the US Federal Reserve may be about to spoil the party. Issuers have taken advantage of global yields below a four-year average to sell US$4.02 billion of
      BLOOMBERG  -  638 words
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      134 26 TOP TRADERS DIDN’T MISS CHINA A50’s MOVE UP 132%*, DID YOU? IG offers a wide range of products to complement your trading sentiment exposure to China 300, China A50, China H-shares, Hong Kong HS50, USD/CNH and more. Take the next step in trading at IG.com.sg or call us at +65
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