The Business Times, 13 June 2015

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Total Pages: 40
1 32 The Business Times
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      60 1 LivingBTTHE BUSINESS TIMES WEEKEND JUNE 13 14, 2015 CANNY COLLABORATIONS Local designers team up with international brands L2-5 STYLE From staple to sexy L10-11 DINING Themed eateries up the ante L6-8 STYLE Marimekko’s Asian bastion L12 PHOTO: ANG KU KUEH GIRL DINING Julian Royer’s new culinary venture L9 HEALTH Treadmill
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  • BT Living
    • LIVING
      • Article, Illustration
        Lock icon CANNY COLLABORATIONS
        3898 2 / 3  -  Local designers are making their names beyond our shores by teaming up with international brands. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT LIKE most Singaporeans, the cute and loveable Ang Ku Kueh Girl has caught the travel bug and is going places. Ang Ku Kueh
        PHOTOS: ANG KU KUEH GIRL; PHOTOS: SOMEWHERE ELSE; PHOTOS: OUTOFSTOCK; PHOTOS: LANZAVECCHIA + WAI, NODUS, CAPPELLINI; PHOTOS: NATHAN YONG; PHOTOS; RIMOWA, PUFFING MUFFIN  -  3,898 words
      • Article
        Lock icon wine&dine
        767 4 / 5 with BTWeekend Marina Mandarin Singapore 6 Raffles Boulevard, Level 4 Z6845-1111 AquaMarine brings you Iftar this Ramadan There’s no better venue to Iftar than at AquaMarine this month of Ramadan. Gather friends and families for the best of buffets at AquaMarine and delight your taste buds following a blessed
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    • DINING
      • Article, Illustration
        Lock icon EAT IN STYLE
        2477 6 / 7  -  Five new F&B outlets pay as much attention to their decor as the food they serve. By Rachel Loi and Avanti Nim By Rachel Loi, Avanti Nim @RachelLoiBT rachloi@sph.com.sg avantin@sph.com Art Art And Away 27 Tessensohn Road Opening hours: Tue to Thu, and Sun, 1pm 10pm; Fri
        PHOTOS: YEN MENG JIIN  -  2,477 words
      • Article, Illustration
        Lock icon Royer holds court
        1159 9  -  Chef Julien Royer explains why he is leaving Jaan to become a partner in Lo Behold Group’s new fine-dining restaurant. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT TELL chef Julien Royer that his leaving Jaan has been big news among the food-loving crowd in
        PHOTO: YEN MENG JIIN  -  1,159 words
    • STYLE
      • Article, Illustration
        Lock icon From staple to sexy
        1153 10 / 11  -  Designers who devote themselves to perfecting fashion staples are on the rise, responding to a new demand for perfectly executed basics. By May Yip MERCERISED Supima cotton? Check. Hem that hits right at the hip? Check. French seams? Check. Eons ago, around the time when Kate
        PHOTOS: DO, FACULTY  -  1,153 words
      • Article, Illustration
        Lock icon HAPPY PRINTS
        800 12  -  Storied Finnish lifestyle store Marimekko marks its foray into Asia with its first store in Capitol Piazza, featuring ready-to-wear fashion, accessories and homeware. By Goh Hwee Leng By Goh Hwee Leng WHEN former US secretary of state Hillary Clinton visited Marimekko in 2012, she would never have thought
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    • HEALTH
      • Article, Illustration
        Lock icon Treadmill results not conclusive
        1517 13  -  Always look for underlying risk factors when your treadmill test seemingly paints a rosy picture Michael Lim Dr Lim is the medical director at Singapore Heart, Stroke Cancer Centre. He is also the founding editor of ‘Heart Asia’, a journal of the British Medical Journal Publishing
        FILE PHOTO  -  1,517 words
    • MOTORING
      • Article, Illustration
        Lock icon Need for Speed
        799 14  -  There are five things you need to know about the Bentley Mulsanne Speed. By Samuel Ee samuelee@sph.com.sg THERE is a five-letter word that is synonymous not only with power and exhilaration but also super luxury Speed. he Bentley Mulsanne Speed is the latest version of the super-sized
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        Lock icon THE COMPLETE EXPERIENCE
        790 15  -  The Audi Driving Experience is an extensive test drive being held over 10 days. By Samuel Ee samuelee@sph.com.sg WHEN Audi extends its range of cars for a test drive, you can be sure it won’t be a 15-minute spin around Leng Kee Road. The German premium brand
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    • GOLF
      • Article, Illustration
        Lock icon Giving back to the community
        1228 16  -  Golf has become a major tool and source of fund-raising for charitable causes in Singapore. By Justine Moss THE number of golf courses in Singapore may soon be decreasing; however, what is increasing each year is the sponsorship of and money raised during charity golf
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        57 2 GSTI 3,353.85 (+6.18) GSTI FUTURES 3,355.00 (+7.00) GSIMSCI 375.89 (+0.71) GSIMSCI FUTURES 375.90 (+1.10) Friday Change KL COMP 1,734.37 -0.39 NIKKEI 225 20,407.08 +24.11 HANG SENG 27,280.54 +372.69 SET 1,508.23 -6.58 JAKARTA 4,935.82 +7.00 MANILA Closed KOSPI 2,052.17 -4.44 SHENZHEN B 1,574.91 +12.68 MUMBAI IND 26,425.30 +54.32 11.45am EDT
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.733 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.85 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.349 (US$/S$ per 1.551 2.093 EURO (US$/S$/€ 1.122 1.514 Foreign currency per US$ S$ YEN 123.70 91.70 RM 3.760 2.786 HK$ 7.753 5.746 BAHT 33.76 25.02 RUPIAH 13,328 9,878 RENMINBI 6.207 4.600 INDIAN RUPEE 64.06 47.48 A$ 1.297 0.961 NZ$ 1.433 1.062
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    • Article
      Lock icon Singapore firms in S Koreaon Mers alert
      677 2  -  Still, travel and hospitality outfits report rising number of cancellations By Elizabeth Mak eamak@sph.com.sg Singapore COMPANIES with businesses in South Korea appear prepared to handle the Middle East respiratory syndrome (Mers) outbreak there, even as travel and hospitality sectors are facing a rising
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    • Article
      Lock icon Boeing bumps up forecast for global plane demand
      472 2  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore US PLANEMAKER Boeing forecasts that the industry will require some 38,050 new planes valued at US$5.6 trillion over the next 20 years, with the bulk of demand coming from Asia. This is up 3.5 per cent
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    • Article, Illustration
      Lock icon IE Singapore urges local firms to tap host of opportunities in Thailand
      539 4  -  It points to openings in infrastructure, consumer services and manufacturing By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore CHALLENGES remain in Thailand, but Singapore companies should tap the business opportunities in infrastructure, consumer services and manufacturing there, said International Enterprise
      PHOTO: IE SINGAPORE  -  539 words
    • Article, Illustration
      Lock icon Asean ‘among fastest growing in the mid to long term’
      552 5  -  MAS chief says regional integration is key, but financial integration lagging By Siow Li Sen lisen@sph.com.sg @SiowLiSen Singapore ASEAN is expected to remain one of the world’s fastest-growing regions in the medium to long term, Monetary Authority of Singapore managing
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    • Article
      Lock icon Living in the now
      707 5  -  SATURDAY SOAPBOX By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT IT’S the stuff of movies. That amid raining rocks, the protagonist leads children to safety, returns to help others, and dies in the line of duty. Except this was no movie. This happened on June 5 when a 5.9-magnitude
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      Lock icon Flying on sunshine
      976 6 / 7 It’s the little plane that could. The Solar Impulse 2 is planning to circumnavigate the world propelled only by the power of light a headline-grabbing move that its founders hope will raise awareness of how far solar power has come and gather support for the use of
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      49 2 CONTENTS LIVING Living L2-5 Dining L6-9 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 Consumer 20 Transport 21 Govt Economy 22-25 Opinion 26-27 Wealth 28-30 Life Culture 31 Style L10-12 Health L13 Motoring L14-15 Sports L16
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      347 3 DBS Altitude Visa Signature Card S$1 up to 6 miles The fastest way to fly anywhere is now twice as fast. Only till 31 July. mr 1111 w-n 12,000 miles when you sign up online Upgrade to the fastest earning miles card by applying before 30 June 2015, and spend
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      226 4 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF REDBRIDGE PACIFIC HOLDINGS PTE. LIMITED (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of members of REDBRIDGE PACIFIC HOLDINGS PTE. LIMITED duly convened and deemed held at its registered office on 10 June 2015 at
      226 words
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      233 5 THE SOUND VISION SPECIALIST The Headphone Bar SALE Parrot Audeze Cypher Labs Parrot Zik2.0 V Zik2.0 j I Zikmu Audinst B&O Burson Westone shure Grado kef HiFiMAN JAYS Klipsch AKG FiiO RHA Sennheiser Heir Audio WOO Audio Fischer Audio Ultimate Ears Harman Kardon Selection of over 200 models available 1
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Living in the moment
      2695 8 / 9  -  Twitter CEO Dick Costolo’s decision to quit comes as a surprise but his belief in the platform remains. By Amit Roy Choudhury By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Twitter ceo Dick Costolo, who made a surprising announcement on Thursday that he would step down on July
      PHOTO: ARTHUR LEE  -  2,695 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon What if Mers strikes? Analysts give their take on defensive plays
      501 10  -  Medical equipment makers and telcos seen as safer bets; tourism-related stocks said to be most vulnerable By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE equity analysts say that it is too early to board up the windows even as the
      PHOTO: FREEIMAGES  -  501 words
    • Article
      Lock icon Temasek to buy Intel Cap's stake in Policybazaar: report
      344 10  -  By Angela Tan angelat@sph.com.sg Singapore SINGAPORE investment company Temasek is acquiring from Intel Capital, the investment arm of tech major Intel, a near 8 per cent stake in insurance web aggregator Policybazaar.com for around 1.1 billion rupees (S$23.1 million), The Times
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    • Article
      Lock icon CSE Global sells 66% stake in power diesel unit
      271 10  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore AUTOMATION and telecom solutions provider CSE Global has sold its majority stake in a diesel engine maintenance unit for S$15.47 million in cash, more than twice the amount it paid for it three years ago.
      271 words
    • Corporate Digest
      • Article
        Lock icon OUE Commercial Reit
        100 11 MOODY’S Investors Service said on Friday that OUE Commercial Reit’s proposed acquisition of an effective interest in One Raffles Place will increase its asset base significantly and add diversification to its portfolio. “However, the trust will need to fund the acquisition with an equal proportion of debt
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      • Article
        Lock icon Jason Holdings
        106 11 JASON Holdings chairman and chief executive Jason Sim has reached a deal with a creditor to avert default on a loan in which he had pledged 10 million of his shares, the timber flooring company announced on Friday. Mr Sim had pledged more than 70 million of his
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      • Article
        Lock icon Singapore Exchange
        126 11 SINGAPORE Exchange (SGX) on Friday apologised for the erroneous Central Depository (CDP) account statements that were sent to some customers by mail and said that it has taken remedial action. It explained that the issue arose from human error in the printing process for some statements. Less than
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      • Article
        Lock icon LTC Corporation
        86 11 LTC Corporation said its wholly owned unit LTC Capital Holdings Sdn Bhd entered into a share purchase agreement on Friday with USP Resources Sdn Bhd to acquire a 50 per cent stake in USP Equity Sdn Bhd for RM70.14 million (S$25 million). This followed the heads of terms
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      • Article
        Lock icon Raffles Education Corp
        97 11 RAFFLES Education Corp’s 75 per cent subsidiary Oriental University City Holdings (HK) is undertaking a A$5.2 million (S$5.4 million) investment in Australian real estate developer Axiom Properties. On Friday, Oriental University acquired a 14.9 per cent stake in Axiom through a married deal for A$3.7 million in
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      • Article
        Lock icon LMIRT
        70 11 LIPPO Malls Indonesia Retail Trust (LMIRT) has received commitments from BNP Paribas and Standard Chartered for a S$260 million, 54-month term loan. Proceeds from the loan will be used to refinance S$200 million of bonds that will be due in July, and for working capital and general corporate purposes.
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      Lock icon Banks help STI rebound from five-month low
      748 11  -  STOCKS| R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE Straits Times Index slumped to a five-month low this week, closing at 3,295 on Tuesday before a three-day rebound that included a 6.18-point rise on Friday that took it to 3,353.85. The initial impetus for
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    • Article
      Lock icon STI STOCKS
      307 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 245 +7 245/239 271 219 6 6195.5 CapitaLand 339 +1 340/336 379 293 12.4 2.7 *****.3 CapitaMall Trust 212 +3 213/210 228 188.5 5.1 7355.8 CityDev 976 -3 982/973 1095 915 11.7
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      Lock icon SGX ETFs Most Active
      108 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US704 -7 99 711/704 1000/696 703/706 88 STI ETF 340 93 343/340 355/319 340/342 UETF SSE50China 334 +5 90 334/327 340/140 334/337 104.4 Lyxor Asia US$ US517 +2 77 517/517 557/474 515/517
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      Lock icon SIBOR
      28 12 Jun 12 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 0.***** Source: Thomson Reuters
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      790 12 For week beginning Jun 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Eurosports Global 11-Jun-15 Goh Kim San Buy 220 0.20 *****9 42.64 *****9 42.72 GSH Corp 11-Jun-15 Goi
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      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 5 4 0 0 0 7 5 4 Manufacturing 37 52 44 7 18 6 44 70 50 Commerce 12 19 26 5 3 3 17 22 29 Tpt/Stor/Comms 12 13 13
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      Lock icon SECURITIES TRADING TURNOVER
      123 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,270 14,270 54,927 54,927 Manufacturing 142,266 72,517 214,783 84,401 3,622 88,024 Commerce 181,603 231,493 413,096 134,541 5,432 139,973 Tpt/Stor/Comms 109,362 400 109,762 149,356 28 149,384 Finance 14,085 16 14,101 193,142 3 193,145 Construction 26,538 6,706
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      Lock icon OTHER SINGAPORE INDICES
      77 12 Jun 12 VALUE CLOSE BT OB/OS -763.00 +7.00 BT CADI -*****.00 -43.00 BT 10-day MA -*****.00 -77.00 FTSE ST Mid Cap 763.34 -0.68 FTSE ST Small Cap 480.79 -0.24 FTSE ST All Share 804.33 +1.02 FTSE ST China Top 207.32 -1.70 FTSE ST China 247.25 -0.94 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 12 VOL CLOSE($) CHANGE LiHengChem 1 0.086 0.580 -0.095 -14.07 China Flexpack 951.0 0.010 -0.002 -16.67 Albedo 164,534.3 0.016 +0.003 +23.08 IPCCorp 1 1.512 1.670 +0.340 +25.56 Allied Tech 521.1 0.021 +0.003 +16.67 Stamford Tyres 110.0 0.330 -0.020 -5.71 Roxy-Pacific 1,859.7 0.485 -0.040 -7.62 Goodland 1,470.7 0.305 -0.025 -7.58
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    • Article
      Lock icon COMMODITY FUTURES
      193 13 Jun-11 Price Net change change Last Trade Agricultural Jun-11 CBOT Soybeans (US cents/bu) 940.00 -9.50 -1.00% 14/07/2015 CBOT Soybean Oil (US cents/lb) 33.29 -0.58 -1.71% 14/07/2015 CBOT Wheat (US cents/bu) 504.25 -9.25 -1.80% 14/07/2014 Jun-11 LIFFE Cocoa (£/tonne) 2087.00 -9.00 -0.43% 16/07/2015 LIFFE Coffee (US$/tonne) 1711.00 -29.00 -1.67%
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    • Article
      Lock icon PALM OIL
      57 13 Jun 12 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 15 2260.0 2254.0 2260.0 2260.0 1 899 Jul 15 2255.0 2262.0 2269.0 2234.0 2142 ***** Aug 15 2265.0 2276.0 2283.0 2254.0 ***** ***** Sep 15 2266.0 2277.0
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      Lock icon GOVERNMENT SECURITIES
      67 13 Jun 12 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.37 102.45 102.43 5-Year N*****0H 1.625 01-Oct-19 98.91 10-Year NX*****Z 2.375 01-Jun-25 97.24 97.45 97.35 15-Year NY*****E 2.875 01-Jul-29 99.87 100.40 99.95 20-Year NZ*****V 3.375 01-Sep-33 105.18 105.60 105.25
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      Lock icon INTERBANK CURRENCY RATES
      155 13 Jun 12 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0401 1.0410 0.7709 0.7715 Canadian dollar 1.0962 1.0964 0.8125 0.8125 Euro 1.5137 1.5142 1.1219 1.1222 NZ dollar 0.9413 0.9421 0.6977 0.6982 Sterling pound 2.0922 2.0929 1.5507 1.5511
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    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      199 13 Jun 12 Most active 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 8224 1 0 2 FTSEChinaA50 ***** MBeCW*****0 12.9 0.9 4646 0.0 --1 DBS MB ECW*****1 10.5 -1.2 3301 0.1 2180 4
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 13 In local curr In S$ In US$ dy yr dy yr dy yr Jun 11 Index Change Change Change Change Change Change World Preliminary 1347.8 0.4 5.6 0.5 5.8 0.2 4.1 EAFE Preliminary 1089.4 0.7 10.4 0.5 8.5 0.2 6.8 Europe Preliminary 1513.6 0.4 9.5
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    • Article, Illustration
      Lock icon STOCK MARKETS
      2 13
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    • Article, Illustration
      Lock icon Noble mulls more disclosure initiatives
      751 14  -  Despite company’s reassurance and share buyback, stock resumes fall in the face of an S&P outlook downgrade By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore NOBLE Group said it is considering further disclosure initiatives as its shares suffered another blow on Friday despite the commodity trading group
      Source: ShareInvestor .com, Iceberg Research, Noble Group  -  751 words
    • Article
      Lock icon Research report questions AirAsia accounting
      295 14 Bloomberg Kuala Lumpur AIRASIA Bhd’s accounting and cash flow were questioned by research firm GMT Research, which said it’s in discussions with the region’s biggest budget carrier about its concerns. The June 10 report questioned the airline’s “accounting, profit generation, cash-flow issues, leverage and group
      Bloomberg  -  295 words
    • Article
      Lock icon Longcheer in MOU to buy Pacific Star’s stake in Iskandar project
      309 14  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore SINGAPORE-LISTED Longcheer Holdings has entered into a non-binding memorandum of understanding (MOU) with Pacific Star Development to acquire the latter’s 51 per cent interest in Puteri Cove Residences Quayside for S$120-150 million in
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Enhanced lease buyback scheme for HDB flats well received: Khaw
      428 15  -  MND reviewing studio, 2-room flat schemes to address some unhappiness over differences By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE latest enhancements to the Lease Buyback Scheme (LBS), which took effect from April 2015, have been “well received”, said Minister for
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    • Article
      Lock icon China developers turn to online financing
      711 15 Reuters Hong Kong INTERNET financing, a fastgrowing source of funding for small companies and startups, is finding an unlikely new class of customer in China billiondollar real estate developers having a tough time securing loans from traditional sources. Before China’s property market hit the
      Reuters  -  711 words
    • Article
      Lock icon Prudential unit invests US$300m annually in Asia
      326 15 Bloomberg Singapore M&G Real Estate, the property investment unit of Prudential plc, expects to raise about US$300 million annually to invest in Asian property over the next three to five years. “We’ve seen strong capital flows and continue to see strong demand from
      Bloomberg  -  326 words
    • Article
      Lock icon Househunt
      1236 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN APRIL 29 AND MAY 5, 2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 12 NON-LANDED D'lotus Apt 04/05/2015 FH 807 950 1177 Eight Riversuites Apt 05/05/2015 99 700 1070
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Head of Tokyo bourse warns of Beijing’s dominance over AIIB
      709 17  -  Japan’s goal of being an infrastructure funding centre under threat by upstart By Anthony Rowley btworld@sph.com.sg Tokyo TOKYO Stock Exchange head Atsushi Saito on Friday added his voice to those questioning governance standards at the Chi-na-led Asian Infrastructure Investment Bank
      PHOTO: REUTERS  -  709 words
    • Article
      Lock icon Yen’s drop wipes out currency hedges for Japan firms
      796 17 Bloomberg Tokyo THE yen’s precipitous drop to a 13-year low has made Japan Inc forgo hedging currency risk. The currency’s plunge below 125 against the US dollar this month wiped out many existing hedges and also made replacing those contracts prohibitively
      Bloomberg  -  796 words
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Petronas to move ahead with Canada LNG project
      428 18 It will proceed on the condition that it is approved by regulator there Reuters Vancouver A CONSORTIUM led by Petronas, Malaysia’s state energy firm, said on Thursday that it will move forward with its Pacific Northwest LNG project in British Columbia, on
      Reuters  -  428 words
    • Article, Illustration
      Lock icon Palm oil rally seen fizzling out
      460 18 Reuters Kuala Lumpur A RALLY in the price of palm oil to three-month highs may run out of steam as buying ahead of the Muslim festival of Ramadan fades and markets brace for growing supply as the main harvest approaches, traders and analysts said.
      Reuters  -  460 words
    • Article, Illustration
      Lock icon Brazil corn crop seen worsening market glut
      548 18 Bloomberg Sao Paulo DON’T be fooled by the name. Brazil’s so-called little crop is going to be bigger than ever, flooding an already oversupplied global corn market and further pressuring prices. Forecasters increased output estimates this week to 81 million tonnes for the
      Bloomberg; PHOTO: BLOOMBERG  -  548 words
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  • TECHNOLOGY
    • Article
      Lock icon Twitter CEO to step down on July 1
      811 19 Co-founder Jack Dorsey, ousted in 2008, will replace him on an interim basis Reuters San Francisco TWITTER Inc chief executive officer (CEO) Dick Costolo abruptly announced on Thursday he was stepping down, amid increasing scrutiny of the company’s slow user growth and
      Reuters  -  811 words
    • Article, Illustration
      Lock icon Facebook presents virtual reality goggles for gaming and more
      664 19 NYT San Francisco FACEBOOK showed the world its first commercial version of virtual reality– and offered tantalising hints of how it hopes to turn three-dimensional goggles into a new kind of computing and communications device. On Thursday, Facebook executives discussed the
      NYT; PHOTO: BLOOMBERG  -  664 words
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  • TRANSPORT
    • Article
      Lock icon Airbus sees US as biggest A400M customer
      465 21 Despite the military plane’s current technical problems, there is no other rival product for now, says CEO AFP Frankfurt EUROPEAN aircraft maker Airbus believes that the United States will be the biggest customer for its A400M military transport plane, despite a fatal crash
      AFP  -  465 words
    • Article
      Lock icon MAS makes emergency landing safely in Melbourne
      200 21 Reuters Kuala Lumpur A MALAYSIA Airlines (MAS) flight returned safely to Melbourne airport on Friday, having turned back within minutes of take-off after an engine fire alert went off, airport and airline officials said. The Airbus 330 aircraft MH148 was carrying 300 passengers
      Reuters  -  200 words
    • Article, Illustration
      Lock icon France opens formal inquiry into Germanwings crash
      796 21 NYT Paris A FRENCH prosecutor on Thursday formally opened a criminal inquiry into the crash of a Germanwings jetliner, appointing a panel of judges to investigate whether the airline or any individuals should bear responsibility for failing to adequately monitor the psychological health
      NYT; PHOTO: REUTERS  -  796 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon EU readies for default following Tsipras’ tactics
      549 22 Greek PM’s brinkmanship pushes his country’s finances to the limit Bloomberg Brussels EUROPEAN officials are preparing for the worst as Prime Minister Alexis Tsipras’ brinkmanship pushes Greece’s finances to the limit. Chancellor Angela Merkel urged Mr Tsipras to accept the framework for financial
      Bloomberg; PHOTO: AFP  -  549 words
    • Article
      Lock icon Time to begin policy tightening approaching, says BOE official
      499 22 Bloomberg London BANK of England (BOE) policymaker Ian McCafferty said the UK economy will continue to recover and the time to begin policy tightening is approaching. “The economy is starting to return to more normal conditions, after arguably the biggest shock
      Bloomberg  -  499 words
    • Article
      Lock icon China, US swop investment treaty ‘negative lists’
      406 22 Reuters Beijing THE United States and China have begun formal talks on demands for market access for an investment treaty, China’s Ministry of Commerce said on Friday, calling it a new phase in negotiations that could set the scope of an eventual deal.
      Reuters  -  406 words
    • Article
      Lock icon China regulator seeks to cap margin trading, short selling
      456 23 CSRC is looking to contain risks in country’s highly leveraged stock market Reuters Beijing CHINA’S securities regulator, seeking to contain risks in the country’s highly leveraged stock market, on Friday released draft rules that cap a brokerage’s margin trading and short
      Reuters  -  456 words
    • Article, Illustration
      Lock icon Modi aide questions Rajan’s focus on CPI to set rates
      427 23 Bloomberg Mumbai THE Indian government’s top economic adviser took a swipe at central bank governor Raghuram Rajan’s monetary policy, questioning whether his focus on consumer prices is appropriate in the current economic situation. Prime Minister Narendra Modi’s administration agreed with
      Bloomberg; PHOTO: BLOOMBERG  -  427 words
    • Article, Illustration
      Lock icon Turkey polls result not a disaster as feared
      549 24 Country has matured economically, analysts say, to withstand inefficiencies of a coalition Bloomberg Istanbul AS Turkey’s ruling party faced losing its parliamentary majority, government officials had one resounding response: Remember what happened in the 1990s. That era’s bickering coalition parties stoked hyperinflation
      Bloomberg; PHOTO: AFP  -  549 words
    • Article
      Lock icon Four tourists fined, to be deported over nude shots on Mt Kinabalu
      550 24 AFP Kota Kinabalu FOUR tourists were ordered to be deported from Malaysia on Friday after pleading guilty to obscenity charges for taking nude photos on a popular climbing peak, an act some in the country blamed for causing
      AFP  -  550 words
    • Article, Illustration
      Lock icon Xi moves into uncharted territory with purge
      879 25 Zhou Yongkang is most senior leader to be jailed for graft in over 65 years of Communist rule NYT Hong Kong CHINESE president Xi Jinping vowed to hunt “tigers” as well as “flies” in his drive to rid the ruling Communist Party of
      NYT; PHOTO: AFP  -  879 words
    • Article
      Lock icon PBOC seen cutting reserve requirement
      290 25 Bloomberg Taipei CHINA could cut reserve requirement ratios as early as this weekend to spur economic growth and boost cash supply to counter a surge in municipal bond sales. The People’s Bank of China (PBOC) may lower the amount that banks must set aside as
      Bloomberg  -  290 words
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      Lock icon Page 23 Advertisements Column 1
      60 23 HOT PROPERTY $1300PSF. 20,000SF LAND With a beauty Perched on a hilltop D10. Why wait? Call Now! SEMI-D@ CHERRY AVE. FH. Land 3281, Built 3600sf 2.5-sty. 5 bdrm+ maids. 6 baths. HOLLAND 3-STY SEMI-D 5+1 3446/ 3920 sqft. Move in. Easy access,ample parking $6.xxM. LANDED PROPERTIES FOR SALE Check out
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  • OPINION
    • Article, Illustration
      Lock icon Growing food in a challenging world
      1157 26 / 27  -  Businesses need to commit to end deforestation in commodity supply chains and also contribute to the development of the Food Waste commitment. By Paul Polman OLAM 25TH ANNIVERSARY BLOG commitment.By Paul Polman THE world is changing. And those changes bring with them new structural
      PHOTO: REUTERS  -  1,157 words
    • Article, Illustration
      Lock icon Does GOP need a political-change operation?
      1274 26 / 27  -  By Leon Hadar SO who do you think is the most celebrated Republican public figure in the United States these days? Former president George W Bush? His brother and former Florida governor Jeb Bush who is about to announce his run for the 2016
      PHOTO: AFP  -  1,274 words
  • Page 26 / 27 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon China ‘in early stage of a bull market’
        888 28 / 29  -  But investors should be prepared for a choppy ride while watching for progress on economic reform and policy easing, says Nikko AM. By Genevieve Cua By Genevieve Cua gen@sph.com.sg @GenCuaBT CHINA is in the early stage of a longer-term bull market, thanks
        PHOTO: REUTERS, NIKKO AM ASIA LTD  -  888 words
      • Article
        Lock icon Singaporeans less upbeat about their investments in the next year
        421 28 / 29  -  Survey adds that more are willing to seek financial advice now By Genevieve Cua gen@sph.com.sg @GenCuaBT Singapore SINGAPORE investors are relatively less optimistic than the global average about their investments in the next year, a Legg Mason Global Investment Survey
        421 words
      • BROKERS' TAKE
        • Article
          Lock icon Bumitama Agri
          115 28 / 29 Buy DBS Group Research, June 12 Close: S$0.985 Target price: S$1.26 AGGRESSIVE expansion in FY2005-FY2013 kept Bumitama’s tree-age profile younger (51/2 years), relative to peers. The majority of Bumitama’s estates are located in Central Kalimantan, where rainfall patterns have been normal, unlike in Sabah and North Sumatra. Furthermore,
          115 words
        • Article
          Lock icon Silverlake Axis
          124 28 / 29 Buy UOB Kay Hian, June 12 Close: S$1.085 Target price: S$1.66 DESPITE near-term price volatility, we think the recent sell-down presents a solid buying opportunity for longer-term investors. Although lacking new major orderbook announcements, we understand Silverlake is getting new mid-sized software project service upgrades from existing clients,
          124 words
        • Article
          Lock icon Pacific Radiance
          161 28 / 29  -  Compiled by Melissa Tan Buy CIMB, June 11 June 12 close: S$0.53 Target price: S$0.85 RECENT share price weakness has lowered Pacific Radiance’s valuation to compelling levels, increasing our conviction in our “add” call even as we cut our FY2015-2017 earnings per share and target price. Pacific Radiance
          161 words
      • Article, Illustration
        Lock icon Matchmaking wealthy clients with the right wealth manager
        879 30  -  Portal seeks to replicate and surpass its UK site’s success in Singapore By Genevieve Cua gen@sph.com.sg Singapore A PORTAL to match affluent and high net worth clients with wealth management firms is being rolled out this week, called findawealthmanager.com. The site’s co-founder
        879 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Time for football SEA change after Games
      549 31  -  COMMENTARY Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent FOR all the triumphs in sports such as swimming, table tennis and netball so far, the football gold medal was the one that Team Singapore would have really craved to have around their necks. Alas, it is
      549 words
    • Article
      Lock icon DBS’s artificial urban beach at Marina Bay beckons
      375 31  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT @LeeUwenBT Singapore IF you’re heading to the Marina Bay area this weekend, you might want to take along your swimsuit, sunglasses and suntan lotion. Right across from the Marina Bay Sands is a beach with 28,000kg of
      375 words
    • Article
      Lock icon HK’s Fung Foundation, NUS unveil US$2.1m healthcare programme
      213 31  -  By Prisca Ang prisang@sph.com.sg Singapore HONG KONG-BASED Fung Foundation and the National University of Singapore (NUS) have set up a US$2.1 million programme to support doctors in South-east Asia and China. The Fung Clinical Fellowship will involve expert faculty members from Singapore’s
      213 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      328 31 CRYPTIC CROSSWORD Across 7 Singer in pub, one having vocal expression (8) 9 Essex town not totally tough and mean! (6) 10 Man by the briny in a deck chair, say? (6) 11 Improper posturing where mountaineers gather (4, 4) 12 There is apparel specially designed for artists (3-11) 15
      328 words
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      115 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENNIA A HARSH, UNYIELDING ENVIRONMENT; AND SINCE 1875 THE HOME OF AUDEMARS PIGUET, IN THE VILLAGE OF LE BRASSUS. THE EARLY WATCHMAKERS WERE SHAPED HERE, IN AWE OF THE FORCE OF NATURE YET DRIVEN TO MASTER
      115 words