The Business Times, 16 April 2015

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Microfilm: NL33463
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G C ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 Thursday, April 16, 2015G
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  • DAILY DIGEST
    • Article
      Lock icon The International Monetary Fund says
      31 1 that risks are mounting and moving to parts of the global financial system where they would be harder to detect and deal with. TOP STORIES 2
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    • Article, Illustration
      Lock icon Things have gone further south
      29 1 for Jones the Grocer Singapore, barely three months after the gourmet grocer from Down Under assured that it was business as usual.TOP STORIES 3
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    • Article
      Lock icon Keppei Land posts
      38 1 a 17.2 per cent fall in first-quarter net profit, to S$72.6 million, as it notches lower property sales and does without contribution from Equity Plaza and Marina Bay Financial Centre Tower 3. COMPANIES MARKETS 6
      38 words
    • Article
      Lock icon Rentals of private
      21 1 condominiums and apartments in Singapore continue their descent in March amid a weak leasing environment. REAL ESTATE 11
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    • Article
      Lock icon Not only does India's
      41 1 HDFC Bank trade at the highest valuation among the world’s largest banks, but international funds are so bullish that they’re willing to pay a record 20 per cent premium over its local stock price. BANKING FINANCE 20
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    • Article
      Lock icon Nokia Oyj agrees to buy
      30 1 Alcatel-Lucent SA in an all-stock deal valued at 15.6 billion euros to create the world’s largest supplier of equipment that powers mobile-phone networks. TECHNOLOGY 22
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    • Article
      Lock icon A year after the disappearance
      36 1 of Flight MH370 en route from Kuala Lumpur to Beijing, the Chinese remain wary of visiting Malaysia, with the sector continuing to shrink by double digits in March. GOVERNMENT ECONOMY 24
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  • Article
    Lock icon MARKETS
    26 1 Wednesday Change STI 3,539.95 +18.87 KL COMP 1,840.13 +0.52 NIKKEI 225 19,869.76 -38.92 HANG SENG 27,618.82 +57.33 SHENZHEN B 1,319.25 -0.17 DOW(noon EDT) 18,097.66 +60.96
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  • Article
    Lock icon Developers’ March private home sales highest in five months
    877 1  -  April numbers will also be buoyed by recent launches, but momentum will hinge on pricing and draw of projects, say analysts By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore KINGSFORD Waterbay and Sims Urban Oasis helped boost developers’ monthly home sales for March
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  • Article
    Lock icon China Q1 GDP slows to 7 per cent, more easing expected
    734 1  -  By Virginie Mangin btworld@sph.com.sg Beijing CHINA’S economy grew 7 per cent in the first quarter, and this slowest quarterly growth in five years has put pressure on Beijing to ease its monetary policy further. The figure, slightly above analysts’
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      Lock icon Page 1 Advertisements Column 1
      57 1 Hill 8 '*****1 *****4 RETAIL SALES UP increase of 15.8% y-o-y spells good news for F&B outlets and department stores TOP STORIES 4 ..oSCoHi ACCEK Jaeger-leCoultre Boutique 2 Orchard Turn, ION Orchard, #02-08, Singapore 2 Bayfront Ave.The Shoppes at Marina Bay Sands, #B2-240, Singapore Discover more than a boutique. Open
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      Lock icon Page 1 Advertisements Column 2
      28 1 GLOBAL FUNDS Asset managers stay almost fully invested despite naysayers COMPANIES MARKETS 7 TEAM SINGAPORE President Tony Tan says Singapore is ready for SEA Games LIFE CULTURE 30
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      Lock icon Page 1 Advertisements Column 3
      14 1 CORPORATE STEWARDSHIP Making the leap from theory to practice with value and mandate OPINION/29
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  • TOP STORIES
    • Article
      Lock icon Global financial risks intensifying and rotating, says IMF
      737 2  -  China cited as an example of a place where risks are becoming most heightened; Volatility in major exchange rates at its peak since financial crisis By Anthony Rowley btworld@sph.com.sg Tokyo THE drumbeat of official warnings about risks in the global financial system
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    • Article
      Lock icon India and China: two radically different growth stories
      714 2  -  COMMENTARY By Vikram Khanna vikram@sph.com.sg IN terms of their GDP growth, India and China are sometimes viewed as being engaged in some sort of contest. On Tuesday, the International Monetary Fund (IMF) reported in its World Economic Outlook that this year, for
      714 words
    • Article, Illustration
      Lock icon 10-year SGS rises back to its February level
      553 2  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSen Singapore THE key 10-year Singapore Government Securities (SGS) has risen over one per cent in the past two weeks while the yield has fallen more than 6 per cent, tracking the US Treasury, which is reacting
      Source: Bloomberg  -  553 words
    • Article
      Lock icon Temasek CEO Ho Ching to take three-month sabbatical
      188 2  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT TEMASEK Holdings said on Wednesday that its chief executive officer, Ho Ching, will take sabbatical leave for three months. No reason was cited in the short statement issued in the morning. But a Temasek spokeswoman said that
      188 words
    • Article, Illustration
      Lock icon Scoot takes another spirited jab at US-based Spirit Airlines
      446 2  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT LOCAL budget airline Scoot has taken another playful shot at Spirit Airlines, this time in a tongue-in-cheek letter to the US carrier’s chief executive Ben Baldanza, pointing out that the latter’s branding, website and advertisements are
      FILE PHOTO  -  446 words
    • Article, Illustration
      Lock icon Jones the Grocer’s Singapore stores up for sale
      1049 3  -  Shareholder cites board differences; sale comes three months after JTG gave ‘business as usual’ assurance By Debbie Yong debyong@sph.com.sg @DebbieYongBT Singapore THINGS have gone further south for Jones the Grocer Singapore (JTG), three months after the gourmet grocer from Down Under assured
      FILE PHOTO  -  1,049 words
    • Article
      Lock icon How did it all go wrong?
      507 3  -  By Debbie Yong debyong@sph.com.sg @DebbieYongBT JONES the Grocer (JTG) was founded by Lindsay Jones in 1996 as a food emporium in Sydney’s eastern suburbs, and sold to former engi-neer-turned-food supplier John Manos in 2005. By 2012, Mr Manos had turned it into a A$33
      507 words
    • Article
      Lock icon CNY gives shot in arm to February retail sales
      574 4  -  Singapore F&B sector posts strongest increase of 66.6% year on year while department stores record 32.2% rise By Debbie Yong debyong@sph.com.sg @DebbieYongBT Singapore A MUCH-needed bright spark in Singapore’s generally gloomy retail industry, retail sales in February climbed 15.8 per cent
      574 words
    • Article
      Lock icon SICC targets productivity with launch of annual awards for SMEs
      525 4  -  By Prisca Ang prisang@sph.com.sg Singapore IN a bid to help SMEs raise productivity, the Singapore International Chamber of Commerce (SICC) has launched new awards to encourage more mutually beneficial collaborations between large organisations and SMEs. The new “SICC Awards: Innovations
      525 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      175 2 Asia Art Collective presents Ink Extraordinaire, an exhibition by three ink masters Fan Shao Hua, Liu Guo, Gui Zhao Hai, and renowned Singapore sculpture artist Lim Lcong Seng. This exhibition showcases Fan Shao Hua’s early ink paintings executed in the nineties, depicting poignant portraits and landscapes of Singapore as captured
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      247 3 NOW YOU CAN HAVE THE BEST OF BOTH WORLDS The 320hp Infiniti QX70 is a seamless blend of SUV pragmatism and sports-car performance, making it a superbly crafted luxury crossover that stands out from the crowd. More than that, the QX70 is a showcase of Infiniti's ground-bregking technologies. Experience the
      247 words
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      370 4 GRAND CENTRAL CAMBRIDGE UK ;n .^sl l. a a e w? I Mi'iIii IcSaaj; a Tfit Images of Cambri Exclusive Global Launch Saturday 18 th Sunday 19 th April 2015 llam-7pm Exhibition Address: Four Seasons Hotel Windows East Room 20/F 190 Orchard Boulevard Singapore *****6 Cambridge's premium address; outstanding 1
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      Lock icon Page 4 Advertisements Column 2
      63 4 ONLINE SALE www.oaks.com.sg Wine, Whisky, Sake, Champagne, Life Style and Wine Accessories ver 500 products available Enjoy the Wine You Desire without Pulling the Cork CORAVIN™ 1000 WINE SAVER SYSTEM Available online and at the Outlets I Its A ‘Discovery AUTHORISED DEALER The Oaks Cellars Pte Ltd S$490.00 1^," PATksy
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  • COMPANIES & MARKETS
    • Article
      Lock icon KepLand posts 17.2% fall in Q1 profit
      652 6  -  Lower property sales and divestments of Equity Plaza and MBFC Tower 3 cited; revenue falls 2.3% to S$278.4m By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore KEPPEL Land posted a 17.2 per cent year-on-year fall to S$72.6 million in first-quarter net profit as it clocked
      652 words
    • Article
      Lock icon SATS unveils e-Acceptance, training initiatives
      430 6  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SATS Ltd is introducing a one-stop e-Acceptance initiative, which will digitise and speed up the process of lodging export cargo at the ground-handler’s air-freight terminals. This comes against the backdrop of a tight labour market in Singapore and will
      430 words
    • Article
      Lock icon Heeton again seeks buyer for iLiv@Grange
      397 6  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore HEETON Holdings is again looking for a buyer to pick up all 30 units in its iLiv@Grange project, a 16-storey building with a curvaceous facade that received Temporary Occupation Permit (TOP) in October 2013. In a statutory filing
      397 words
    • Article
      Lock icon Vallianz in talks for more deals
      372 6  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore OFFSHORE support vessel owner Vallianz Holdings is in talks to secure “a few” more contracts that could be worth more than US$100 million each from its main customer, it said on Wednesday. The contracts under discussion are all
      372 words
    • Article
      Lock icon Revised Companies Act delayed until early next year
      297 6  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE Accounting and Corporate Regulatory Authority (Acra) has again delayed the full implementation of amendments to the Companies Act, following delays linked to the revamp of its online business filing portal. Acra on Wednesday said all
      297 words
    • Article
      Lock icon Global fund managers worry but stay almost fully invested
      673 7  -  Level of cash reserves at 4.6% is historically above average, compares with super bullish levels of under 3.5%: BOAML By Neil Behrmann btworld@sph.com.sg London NERVOUS global fund managers are worried about expensive bonds and equities but they remain almost fully invested.
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    • CORPORATE DIGEST
      • Article
        Lock icon Otto Marine
        45 7 OTTO Marine has delivered four new-build vessels that translated into a total contract value of US$36.6 million. Its shipyard, PT Batamec, completed the construction of two units of harbour tugs and two units of anchor handling tug supply for PT Pertamina Trans Kontinental.
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      • Article
        Lock icon Ellipsiz
        124 7 ELLIPSIZ, which on Wednesday announced the resignations of non-executive chairman and director Chong Fook Choy and non-executive director Phoon Wai Meng for “personal reason”, said in a later clarification that Mr Chong retired from the board to pursue his own personal interests and that Mr Phoon resigned due to
        124 words
      • Article
        Lock icon United Fiber System
        69 7 UNITED Fiber System has entered into a non-binding memorandum of understanding with ASM Administration Ltd to contemplate acquiring Asia Coal Energy ventures (ACEV), a discretionary fund managed by Argyle Street Management Ltd, a Hong Kong-based hedge fund. ACEV has announced its intention to make an offer for
        69 words
      • Article
        Lock icon Singapore Airlines
        78 7 SIA’s system-wide passenger carriage increased 1.2 per cent year-on-year in March against a one per cent reduction in capacity, lifting passenger load factor 1.6 percentage points to 76.6 per cent. It carried about 1.55 million passengers that month, up 2.4 per cent. For SIA Cargo, cargo load factor
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    • Article
      Lock icon Alibaba pays the price for US IPO as Tencent stock soars on Shanghai-HK link
      549 7 BLOOMBERG Hong Kong ALIBABA Group Holding Ltd spurned Hong Kong for an initial public offering after failing to get the management control it wanted. Now the company is missing out on billions of dollars flowing from
      BLOOMBERG  -  549 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times Index April 15,2015 3,539.95 +18.87 (+0.54%) Current streak 4 days Day high 3,544.51 Day low 3,528.56 52-week high 3,539.95 (Apr 15, 2015) 52-week low 3,154.21 (Oct 16, 2014) FTSE ST Catalist Index April 15,2015 763.85 -2.54 (-0.33%) Current streak 1 day Day high 776.00 Day low
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    • Article, Illustration
      Lock icon ST Index creeps up to 7-year high
      623 8  -  Index gains 0.5% despite weak economic news from China, but trading action remains stubbornly in penny stocks TTSTOCKS By Melissa Tan melissat@sph.com.sg @MelissaTanBT THE local market managed to brush off gloomy global economic figures to reach a fresh high on Wednesday but may
      Source: Bloomberg  -  623 words
    • Article
      Lock icon STI STOCKS
      320 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 268 +3 268/264 269 219 5.3 6776 CapitaLand 368 cd +3 368/364 371 293 13.5 2.4 *****.7 CapitaMall Trust 227 +1 228/222 228 188.5 4.8 7874.7 CityDev 1083 cd +11 1087/1076 1118
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    • Article
      Lock icon MOST ACTIVE
      33 8 VOLUME SinoConstruction 170,533,500 Digiland Intl 142,923,100 Jaya 141,759,000 Albedo 135,162,600 LionGold 122,266,300 Market volume 3,818,688,000 VALUE Singtel 127,790,002 UOB 103,616,448 DBS Grp 69,854,915 SGX 69,201,070 Keppel Corp 62,923,523 Market value 1,606,589,000
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    • Article
      Lock icon SGX ETFs Most Active
      108 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap UETF SSE50China 292 +7 468 296/288 296/140 290/292 91.3 IS MS India US$ US809 +1 154 813/807 1000/636 807/809 101.1 DBXT MSEmer US$ US427 +10 150 427/420 442/366 427/428 DBXT MSAsExJp US$ US4064 +95 117 4064/3973
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Apr 15 VALUE CLOSE BT OB/OS 727.00 +82.00 BT CADI -*****.00 +42.00 BT 10-day MA -*****.00 +73.00 FTSE ST Mid Cap 803.23 +1.37 FTSE ST Small Cap 501.84 +0.32 FTSE ST All Share 847.98 +3.80 FTSE ST China Top 206.73 +1.44 FTSE ST China 242.60 +0.92 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 April 15,2015 847.98 +3.80 (+0.45%) Current streak 5 days Day high 849.29 Day low 846.08 52-week high 847.98 (Apr 15, 2015) 52-week low 762.71 (Oct 16, 2014)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE Index April 14,2015 1,909.49 +15.14 (+0.80%) Current streak 1 day Day high 1,909.49 Day low 1,889.97 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 5 7 4 0 0 0 5 7 4 Manufacturing 64 48 34 9 14 10 73 62 44 Commerce 29 21 16 8 3 3 37 24 19 Tpt/Stor/Comms 16 8 17
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      120 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 31,899 31,899 111,910 111,910 Manufacturing 666,632 137,917 804,549 202,029 13,674 215,703 Commerce 355,974 289,117 645,091 106,472 9,441 115,913 Tpt/Stor/Comms 353,013 39,906 392,919 290,580 3,125 293,706 Finance 102,739 857 103,596 294,219 226 294,445 Construction 224,793 109,251
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    • Article
      Lock icon GAINERS
      78 8 BY CENTS CLOSE UP 52w high/low Lyxor AsiaIT US$ 4129 288.7 5.4 4129/3485 DBXT MSUSA US$ 5573 281.9 3.9 5573/4632 DBXT MSEurope US$ 6115 204.3 2.5 6492/5366 DBXT E50 US$ 5234 198.8 2.9 5630/4562 DBXT MSAsExJp US$ 4064 129.4 2.4 4064/3048 BY PERCENTAGE CLOSE UP 52w high/low OLS W*****5
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    • Article
      Lock icon LOSERS
      79 8 BY CENTS CLOSE DOWN 52w high/low Jardine C&C 4285 -42.0 -1.0 4901/3850 DBXT MSTaiwan US$ 2226 -36.8 -1.2 2322/2023 DBXT MSMSIA US$ 1328 -32.7 -1.8 1598/1291 DBXT CSI300 US$ 1211 -25.9 -1.5 1235/615 DBXT MSCHINA US$ 1689 -23.2 -1.0 1706/1145 BY PERCENTAGE CLOSE DOWN 52w high/low China Fishery R1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 8 VOL CLOSE($) CHANGE Mercator Lines 8,645.8 0.058 +0.012 +26.09 Lafe 2,819.5 0.042 +0.012 +40.00 Lereno Bio-Chem 8,163.7 0.005 +0.002 +66.67 LH 84,583.4 0.006 -0.002 -25.00 China Gaoxian 50,212.3 0.040 +0.005 +14.29 Fuxing China 813.4 0.018 +0.006 +50.00 TPV Tech 305.0 0.330 -0.055 -14.29 Federal Int 84,067.2 0.036 +0.005
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    • BROKERS’ TAKE
      • Article
        Lock icon Soilbuild Reit
        129 8 Buy April 15 close: S$0.84 Target price: S$0.93 OCBC Investment Research, April 15 Soilbuild Business Space Reit (Soilbuild Reit) reported its Q1 2015 results which met our expectations. Gross revenue jumped 10.5 per cent year-on-year to S$18.6 million and distribution per unit (DPU) was up 4.5 per cent
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      • Article
        Lock icon Singapore Press Holdings
        67 8 Hold April 15 close: S$4.14 Target price: S$4.20 UOB Kay Hian, April 15 Newspaper advertising revenue registered a large 9 per cent year-on-year contraction. This was offset by lower media costs and higher earnings from property, investment and associates. We do not see any near-term share price
        67 words
      • Article
        Lock icon Keppel T&T
        154 8  -  Compiled by Claire Huang Buy April 15 close: S$1.885 Target price: S$2.05 CIMB Research, April 14 Keppel T&T’s Q1 2015 net profit of S$15.8 million was broadly in line with expectations at 23 per cent of our full-year forecast. Q1 2015 was the first quarter that featured the
        154 words
    • Article
      Lock icon CALENDAR
      19 8 DATA I 3am (April 16) US Federal Reserve Beige Book I 8.30am (April 17) Singapore Non-oil Domestic Exports
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    • Article
      Lock icon Euro falls broadly after ECB leaves rates unchanged
      450 9 CURRENCIES REUTERS London THE euro fell broadly on Wednesday, after the European Central Bank (ECB) kept borrowing rates unchanged, as expected, and is likely to reiterate a dovish policy bias despite a recent pick-up in economic activity. At Wednesday’s meeting, the ECB
      REUTERS  -  450 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Apr 15 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.949 4.707 0.715 5.880 47.340 97.954 0.906 8.317 2.813 1.009 77.070 33.792 1.033 9.168 0.739 23.702 24.609 0.515 0.759 Canada 1.054 4.960
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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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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Apr 15 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0327 1.0342 0.7583 0.7589 Canadian dollar 1.0883 1.0897 0.7996 0.7992 Euro 1.4443 1.4458 1.0606 1.0609 NZ dollar 1.0234 1.0248 0.7515 0.7520 Sterling pound 2.0055 2.0078 1.4727 1.4733
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Apr 15 S$ Bid Offer 1-month 1.3622 1.3634 2-months 1.3630 1.3643 3-months 1.3636 1.3651 6-months 1.3648 1.3666 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        392 9 Apr 15 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.83 *****.02 *****.05 Apr15 *****.50 *****.00 *****.00 *****.50 *****1 *****4 May15 *****.00 *****.00 *****.50 *****.50 7746 ***** NIKKEI 225 INDEX FUTURES SPOT *****.53 *****.42 *****.86 Jun15 *****.00 *****.00 *****.00 *****.00 ***** *****8 Sep15
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        202 9 Apr 15 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Top Global Ltd W*****9 0.1 unch ***** Innopac Holdings W*****0 0.2 unch 9279 1 1 31 Albedo Limited W*****9 1.4 0.4 6984 Ezion MB eCW*****2 7.2 -0.5
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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 Apr 14 Index Change Change Change Change Change Change World Preliminary 1359.7 -0.1 6.6 -0.8 6.6 0.4 4.0 EAFE Preliminary 1122.6 -0.2 13.8 -0.4 10.3 0.8 7.6 Europe Preliminary 1586.1 -0.4 14.8
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Apr 15 $S Offer Bid 0vernight 0.03 Par 1-month 0.8125 0.6875 2-months 0.875 0.75 3-months 0.9375 0.8125 Overnight mode: 0.0625 US$ 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 SIBOR
        36 9 Apr 15 1 mth 1 mth 0.***** 2 mths 3 mths 1.***** 6 mths 1.***** 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 GOVERNMENT SECURITIES
        69 9 Apr 15 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 103.07 103.15 102.98 5-Year N*****0H 1.625 01-Oct-19 100.95 101.28 100.87 10-Year NY*****H 3.000 01-Sep-24 108 108.55 108.20 15-Year NY*****E 2.875 01-Jul-29 106.26 106.60 106.30 20-Year NZ*****V 3.375 01-Sep-33 111.9
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        249 9 Apr-14 Price Net change change Last Trade Agricultural Apr-14 CBOT Soybeans (US cents/bu) 960.25 11.50 1.21% 14/05/2015 CBOT Soybean Oil (US cents/lb) 31.30 0.26 0.84% 14/05/2015 CBOT Wheat (US cents/bu) 497.00 -5.25 -1.05% 14/05/2014 Apr-14 LIFFE Cocoa (£/tonne) 1967.00 14.00 0.72% 13/05/2015 LIFFE Coffee (US$/tonne) 1793.00 4.00 0.22%
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    • Article
      Lock icon Sembcorp gets nod for wind farm
      283 10  -  Hebei project expected to be completed by H2 2017 By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore SEMBCORP Industries is expanding its renewable energy business in China through the development of a 150megawatt (MW) wind farm in Huanghua, Hebei Province, the group announced on Wednesday.
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    • Article
      Lock icon SMRT may invest in telco licence bidder OMGTEL
      163 10 Singapore SMRT Corporation may invest up to S$34.5 million in OMGTEL, said the transport operator on Wednesday, adding that it has entered into an agreement with ***** to work exclusively with the company on its bid for the fourth wireless telecommunications carrier
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    • Article
      Lock icon SGX dismisses talk of Shanghai-HK type link in response to MAS query
      276 10  -  By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT Singapore SINGAPORE Exchange (SGX) on Wednesday said that it is not currently in the process of establishing a stock trading link similar to the Shang-hai-Hong Kong Stock Connect. This was in response
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      Lock icon Page 6 Advertisements Column 1
      157 6 HOW TO ENSURE A HEALTHY HEART? ft -1 a z rtd M e -jtr i^Sk I d Av K J Join us in our Health Awareness Talk by Dr. Michael Lim, internationally renowned Interventional Cardiologist and Medical Director of Heart, Stroke Cancer Centre. Dr. Michael Lim is the author of
      157 words
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      203 words
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      1343 10 Keppel Land Limited (Incorporated in Singapore) (Co. Reg. No.: *****0001G) 1. UNAUDITED RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2015 The Directors of Keppel Land Limited announce the following unaudited results of the Group for the first quarter ended 31 March 2015: First Quarter Note 31.03.15 31.03.14 $'000 $'000
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  • REAL ESTATE
    • Article
      Lock icon Condo rents fall in March on higher volume, says SRX
      604 11  -  HDB rentals flat in March, but leasing volume also improved, likely from PR demand, says consultant By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore RENTALS of private condominiums and apartments dipped 0.4 per cent in March compared to February amid a weak
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      Lock icon Philippine mall giant eyes China expansion
      305 11 AFP REUTERS Manila PHILIPPINE shopping mall giant SM Prime, owned by the country’s richest man, plans to invest 200 billion pesos (S$6.1 billion) over the next two years locally and in China, the company said on Tuesday. The expansion programme is aimed at doubling
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      Lock icon London’s Mayfair sees mansion glut
      830 12 Oversupply of luxury property is fuelling a battle of marketing dollars as developers seek to lure the world’s richest into buying in the enclave BLOOMBERG London AS housing crises in London go, it could be worse. Mayfair, the neighbourhood favoured by Middle East royalty and
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      Lock icon China’s Q1 property investment growth at lowest since 2009
      462 13 It slows to 8.5% as developers focused on clearing excess inventory REUTERS Hong Kong GROWTH in China’s real estate investment in the first quarter slowed to the lowest rate since 2009 as developers focused on clearing excess inventory, while a series
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    • Article
      Lock icon Forum Partners plans new fund to target China property
      350 13 BLOOMBERG Hong Kong FORUM Partners, a global property investment firm with US$ 130 million invested in China, is planning a new pan-Asian fund to take advantage of a trough in the nation’s real estate market this year. “What worries me most
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      Lock icon Protecting historic properties
      1157 14  -  These properties can change owners but come with many restrictions imposed by the National Trust for Historic Preservation.BY Preservation.BY MATT AV CHABAN NYT New York BENEATH the living room’s Hershey-hued oak coffers and beside its stately red-brick fireplace stood a small wooden side table, looking as old
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      1216 14 Property transactions for districts 1 to 28 with contract dates between March 4 and March 10,2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED Marina Bay Residences Apt 10/03/2015 99 1130 2600 2300 District 2 NON-LANDED Spottiswoode 18
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      46 11 CORPORATE BUILDING FOR SALE SHOWROOM FOR RENTAL No Land Rent Good Rental Own Use Long Balance Tenure Remaining Walking Distance to MRT/Amenities Prime Alexandra Road Area 6 Storey Building with Carpark Land: 20,230 sqft GFA: 56,300 sqft Full Glass Facade High Ceiling Showroom Owner: *****572 *****328
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      377 11 EXHIBITION LAUNCH Saturday 18 th Sunday 19 th April 2015,11am to 7pm Shangri-La Hotel, Hibiscus Room (level 2), 22 Orange Grove Road, Singapore *****0 Contemporary apartments in the dynamic regeneration zone of Wembley Park. Beautifully designed and meticulously finished apartments Most apartments have balcony and/or terrace, overlooking Elvin Square Gardens
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      342 12 FREEHOLD LUXURY RESIDENTIAL BLOCK FOR SALE L CUSHMAN WAKEFIELD Estate Agents Licence No: L*****33E Opportunity to acquire 100% interest in a brand new freehold 16-storey luxury residential development Located at an exclusive cul-de-sac off coveted Grange Road, just 5 minutes’ walk to Orchard Road and 4 minutes’ drive to Raffles
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      172 12 VACANT SITE FOR SALE (TOKYO) [SUITABLE FOR HOTEL/OFFICE1 ■Address: Nishishinjuku, Shinjuku-ku 3 mins walk to Nishishinjuku Station 10 mins walk to Shinjuku Station •Area: 3386.10 sqm •FREEHOLD For Sale by Expression of Interest; Closing 23 APRIL 2015 For further info and viewing, please contact: Dillon Loi9850 3204 Aiden Yong -<■■■■»
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      31 12 4Want access to BBQ pits? If you're looking for your dream condo complete with facilities, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
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      445 13 JAPAN RESIDENTIAL BUILDINGS a x H u ASKING PRICE JPY480 mil USD 4 mil Saitama-shi Greater Tokyo area 2-min walk to Kitaurawa station Site area 340 sq m Completed in 1995 21 Units Est. gross yield 6.3% BP No. JE*****3 ASKING PRICE JPY 1.7 bil USD 14.3 mil Takanawa Minato-ku
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      235 13 GROW YOUR NETWORK to GROW YOUR CAREER I didn’t learn it in school. I learnt it at MDIS. 7 l, 1 Saad Mushtaque I i w BUSINESS POSTGRADUATE PROGRAMMES With a wide range of business postgraduate programmes from reputable universities, MDIS provides the advantage you need in an increasingly global
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  • sph newspapers:special The Future of Banking, Retail and Payments
    • Article, Illustration
      Lock icon New ways to pay
      787 15  -  New technologies are revolutionising the way merchants and customers handle money. BY HAZEL TAN ROM PayPal and Apple Pay to bitcoins and digital wallets, innovations in payment methods are reshaping the way merchants and their customers handle money. In this digitised new world where payment apps
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      Lock icon Stores of the future
      841 16  -  Shopping in the future is likely to see a melding of experiences in the physical and online spaces. BY ESTHER TEO BY ESTHER TEO A S E-COMMERCE takes off globally and consumers demand a more seamless shopping experience on the go, the store of the future
      PHOTO: ST FILE; PHOTO: ZALORA  -  841 words
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      Lock icon Digital transformation
      843 18  -  Technology is changing the face of banking today. BY SUKI LOR ECHNOLOGY, regulation and changing customer expectations are throwing up key challenges for retail banks and changing the way they need to operate to survive. Those which fail to innovate and transform risk being left behind. Indeed, by
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      137 15 GET YOUR CONFERENCE CARDS PAYMENTS Asia 2015 FUTUREBANK ASIA 2015 22-23 APRIL 2015 Suntec Convention Centre, Singapore PASSTODAY Book online at www.terrapinn.com/cardsbt THE FUTURE OF PAYMENTS Sc BANKING: INNOVATION, DISRUPTION, COLLABORATION KEYNOTE SPEAKERS HEAR FROM LEARN ABOUT J, O THE FUTURIST Robert Scoble Author of 'The Age of Context’ THE
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      78 16 ASIA’S LARGEST PAYMENTS, BANKING RETAIL EXPO 22-23 april 2015 Level 4, Suntec Convention Centre, Singapore 0 0 ft 0H£ GETYOUR FREE EXPO PASS! www.terrapinn. com/visitorpass 10.000 SQM EXPO I 8,000 ATTENDEES I 72 FREE 0N-EL00R SEMINARS I 1.000 PRODUCTS, SERVICES AND SOLUTIONS I ASIA'S NEW START-UP PITCHES I 200 EXHIBITORS
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      116 17 Gunnebo SafeCash Retail Recycler "or a safer vvww Please take out all banknotes from the slot vtrt* *1' 4 k seieer rot* w I. Explorffihe future of Cash Han^Irng^f^gettieT^with us!’ Take the PAIN away from counting, recounting, validating, reconciling, and reporting cash for your cashiers, supervisors, and managers. Make your
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      206 17 RIDE THE MOBILE WAVE opplev/nesWITH Smarter Choices tyvd indiesin dbo xtV !iis Applevines™ brings your brand's latest location-based advertising and promotions straight to your potential customers, thereby increasing customer loyalty and new customer traffic to your outlets. Complimentary 1st 5 Ad Slots! Keep Track of BENEFITS Drive Customer Traffic to
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      81 18 DISCOVER® GLOBAL NETWORK MULTIPLE CARDS. ONE NETWORK. CONNECT TO A POWERFUL NETWORK Acceptance means you open your doors to all cards running on the Discover® Global Network bringing billions in spend volume from loyal affluent cardholders across the globe. 3rd largest PAYMENTS NETWORK 1 70M+ CARDHOLDERS AROUND THE WORLD 2
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  • BANKING & FINANCE
    • Article
      Lock icon ECB says QE ‘seems to be effective in supporting lending’
      236 19 WP Frankfurt THE European Central Bank (ECB) said its asset-buying programme is spurring credit in the euro area even as some lenders feel the pinch of tighter margins. The ECB started buying private as- sets last year and expanded the
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      Lock icon World’s most expensive bank still a strong buy
      842 20 India’s HDFC Bank has a higher price-to-book ratio than all the world’s 50 largest lenders by value BLOOMBERG New York IT’S hard to overstate just how much global investors are captivated by HDFC Bank Ltd, India’s biggest lender by market value. Not
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      4382 19 NOTICE OF MEETING THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. If Noteholders (as defined below) are in doubt about any aspect of the Proposal (as defined below) and/or the action they should take, they should seek their own financial advice immediately from their stockbroker, bank manager,
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      4090 20 The Business Times Ik 1 ✓"’1 I 1 Toll free 1800-289-8822 I Email noticesasph.com. sg J V I www.sphclass.com.sg/notices ANNICA HOLDINGS LIMITED (Company Registration No. *****4025N) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that the Extraordinary General Meeting (the “EGM”) of Annica
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      310 20 IN THE MATTER OF THE COMPANIES ACT AND CAP .50 AND IN THE MATTER OF K. C. DAT HOLDINGS (S) PTE LTD (In Members’ Voluntary Liquidation) Company Registration No. *****0178Z NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap.50 that the final
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  • ENERGY & COMMODITIES
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      Lock icon Iron ore crash puts pressure on Fortescue
      566 21 Those likely to look at it as a takeover target include Chinese steel makers and commodities giant Glencore REUTERS Melbourne AUSTRALIA’S Fortescue Metals Group has two stark choices to deal with a crash in the iron ore market and cut its US$9 billion
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      Lock icon Small iron ore producers refuse to yield
      453 21 They boost output amid big players’ strategy of flooding market to squeeze out smaller rivals BLOOMBERG Sydney ONE reason for the continued freefall in iron ore prices can be found at the century-old Iron Knob mine in Outback Australia. In the face of
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      Lock icon China’s demand lag unsettles copper industry as Goldman sees rout
      501 21 BLOOMBERG Santiago MINING executives talking up copper’s long-term prospects at this week’s industry gathering in Chile are unsettled by the level of Chinese buying in recent weeks. Traditionally, purchases accelerate after Chinese New Year celebrations. Not this year, according to
      BLOOMBERG  -  501 words
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      2579 21 The Business Times NOTICES Toll free 1800-289-8822 Email nolices@sph.conn.sg www.sphclass.com.sg/notices Z/ China Merchants Holdings (Pacific) Limited (Incorporated in the Republic of Singapore) (Company Registration Number *****1278D) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of China Merchants Holdings (Pacific) Limited (the “Company") will be
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  • TECHNOLOGY
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      Lock icon Nokia agrees to buy Alcatel-Lucent for 15.6b euros
      891 22 Deal will result in a company that surpasses Ericsson and Huawei in wireless-infrastructure revenue, says IDC BLOOMBERG Stockholm NOKIA Oyj agreed to buy Alcatel-Lu-cent SA in an all-stock deal valued at 15.6 billion euros (S$22.5 billion) to create the world’s largest supplier
      BLOOMBERG; PHOTO: AFP  -  891 words
    • Article
      Lock icon EU charges Google with market abuse, says it intends to probe Android
      472 22 AFP Brussels THE European Union on Wednesday formally charged Google with abusing its dominant position as Europe’s top search engine, laying the US Internet giant open to a massive fine of more than US$6 billion. The European Commission
      AFP  -  472 words
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      228 22 sft STProperty EVENTS STPROPERTY EXPO 2015 STProperty collaborates with Malaysia’s most established property developers to give you an edge in your investment portfolio! Date: Saturday Sunday 18-19 April 2015 Venue: SUNTEC Singapore Convention Exhibition Centre Level 3 Rooms 300-304 308-312 Time: 10.30am to 6.00pm moicjirw Trip M!aiS PRE-REGISTER NOW AT
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  • CONSUMER
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      Lock icon Hip online firm Etsy to make Wall Street debut
      755 23 It is expected to raise up to US$307m in its IPO, which will push its valuation as high as US$1.78b AFP New York CULTURES will clash this week as Etsy, the online marketplace known for artisan goods and strong social values,
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    • Article
      Lock icon WTO rules against US dolphin-safe labels
      325 23 REUTERS Washington THE World Trade Organization found on Tuesday that US rules on dolphin-safe labels for canned tuna run counter to international trade laws, siding with Mexico in a long-running dispute and opening the door to retaliation against US exports. The ruling, which the
      REUTERS  -  325 words
    • Article
      Lock icon US fast-food workers plan rallies
      206 23 BLOOMBERG New York FAST-FOOD workers will hold rallies in 230 US cities on Wednesday in their biggest protest yet for higher pay and union rights. The events were organised by the un-ion-backed “Fight for $15” campaign, which is demanding that McDonald’s Corp and other fast-food
      BLOOMBERG  -  206 words
    • Article
      Lock icon Alibaba injects pharmacy business into HK-listed affiliate
      243 23 REUTERS Shanghai CHINESE e-commerce firm Alibaba Group Holding is injecting its online pharmacy operations into a Hong Kong-listed affiliate in a US$2.5 billion deal to consolidate its healthcare enterprise and ride a boom in online health-related business. Shares in the affiliate, Alibaba Health
      REUTERS  -  243 words
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      1251 23 THE BUSINESS TIMES Ik ~Ty^\ r I 1 M I 1 Toll free 1800-289-8822 I fl I I Email notices@sph.com.sg B i j L J www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF RIVERTON GROUP (S) PTE LTD (In Receivership) (In Provisional Liquidation)
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon China tourists continue to stay away from Malaysia
      566 24  -  Double-digit declines seen in arrivals in the past three months, one year after disappearance of Flight MH370 By Pauline Ng btworld@sph.com.sg Kuala Lumpur BILATERAL ties between Malaysia and China have probably never been quite as strong but the Chinese tourist is proving
      566 words
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      Lock icon BOE seen raising rates earlier if Labour-led govt wins
      536 24 BLOOMBERG London A LABOUR-LED government could put pressure on Bank of England officials to increase interest rates earlier than markets expect as it eases fiscal austerity, according to firms from AXA Investment Managers to Blackrock Inc. The deficit-reduction plans Labour is
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      Lock icon Aussie April consumer sentiment slips: survey
      389 24 REUTERS Sydney A MEASURE of Australian consumer sentiment fell in April as people fretted about the economic outlook even as they felt better about splashing out on big-ticket household items. Wednesday’s survey of 1,200 people by the Melbourne Institute and Westpac Bank showed its
      REUTERS; PHOTO: AFP  -  389 words
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      Lock icon OECD to Tokyo: Get on with structural reforms
      770 25  -  Monetary easing can only do so much, it says in a critical report By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN received jolting criticism on Wednesday on the overall progress of Abenomics from the Organisation for Economic Cooperation and Development (OECD), which urged Prime
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    • Article
      Lock icon Factory output edges higher in March
      265 25 LATEST US DATA BLOOMBERG Washington FACTORY output barely climbed in March, buoyed by a rebound in car making as other industries retreated, indicating a strong US dollar and cheap oil are hurting American manufacturing. The 0.1 per cent gain in manufacturing was the first
      BLOOMBERG  -  265 words
    • Article
      Lock icon ‘Clear evidence’ monetary policy is working: Draghi
      628 25 BLOOMBERG REUTERS Frankfurt EUROPEAN Central Bank President Mario Draghi said that monetary policy is helping the region’s economic recovery and will succeed in boosting inflation. “The implementation of the asset purchase programme is proceeding smoothly,” Mr Draghi said at a press conference in
      BLOOMBERG; REUTERS  -  628 words
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      64 24 •VCo CREATE MY OWN ADVENTURE BOOK t> t> t> B NORTHERN UGHTS \N NORWAY klSS92 FM EXPERIENCES LET KISS92 BRING YOU ONE STEP CLOSER TO YOUR DREAM! OPEN MY OWN BAKERY TO BE A PHOTOGRAPHER v%C >0G0 WT-m. m. m}. TUNE IN TO KISS92 TO FIND OUT HOW! a "Tl
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      221 25 FREE ADMISSION Meet CEOs and top Executives of listed companies in Malaysia to understand their business and unearth the Gems in Malaysia Stock Market Join us at Malaysia GEMS 2015, a one day open event aimed at helping investors study top selected Malaysia Public Listed Companies (PLC) in depth and
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      43 25 BuildTech Yangon 2015 Myanmar's Leading Building Technology and Supply Event 27 -29 May 2015 Myanmar Convention Centre Yangon, Myanmar TRANSFORM .-1 sm s SS! PRE-REGISTER NOW at www.btyangon.cAn Organised by: sphere A SUBSIDIARYOF Sfh To Exhibit, call +65 6319 4037 or email btyangon@sph.com.sg
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      297 25 ADJUDICATOR ACCREDITATION (pursuant to the Building and Construction Security of Payment Act (Cap 30B, Rev. Ed. 2006)) The Singapore Mediation Centre (SMC) invites applications from all those who would like to be accredited to the SMC Register of Adjudicators. Professional Qualifications An applicant must: (i) In terms of working experience:(a)
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  • TRANSPORT
    • Article
      Lock icon Why add tonnage in these bad times?
      696 26  -  The industry must face this question at the Maritime week conference, amid waning confidence, falling oil prices, geopolitical tension and uncertain global growth prospects TTSTRAIT TALK BY DAVID HUGHES Next week’s Singapore Maritime Week 2015 comes as the industry sails through numerous squalls.
      696 words
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      Lock icon Toyota plots comeback for Prius after ceding stardom to Tesla
      736 26 BLOOMBERG Tokyo WHEN Scott Fisher bought his 2006 Prius, there weren’t many other choices that gave him use of the carpool lanes on his drive to work in New York. That changed last year when the Long Island lawyer traded
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    • Article
      Lock icon Asiana plane smashes antenna in Japan runway accident
      458 26 AFP Tokyo AN Asiana Airways plane smashed into a communications antenna as it came in to land at a Japanese airport, footage showed on Wednesday, injuring 27 people in an accident with echoes of the airline’s fatal 2013 crash in San Francisco.
      AFP  -  458 words
    • Article
      Lock icon The super-expensive SUV is here, and here to stay
      618 26 BLOOMBERG London BRACE yourself. We’re nowhere near peak SUV. Just as Land Rover and Mer-cedes-Benz unveiled their own new sports utility vehicles at the New York Auto Show last week, Rolls-Royce is testing drivetrains for its so-called “Project Cullinan”, a prototype
      BLOOMBERG  -  618 words
    • Article
      Lock icon Airline pain is fliers’ gain as Brazilian slump weighs on fares
      484 26 BLOOMBERG Sao Paolo TRAVELLING by air between Sao Paolo and Rio de Janeiro once meant paying Brazil’s highest domestic fares. Now, fliers are discovering bargains on that route as the economy heads for its worst year since 1992. “I’ve
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      31 26 GOLDEN MOMENT AkshayaTritiyais roundthecorner anditis timeto headtothe jewellery store CHANCE TO RECOGNISE ‘FACELESS’ BUILDERS GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL SHAN (*****861) KALWANT (*****327) NISHAL (*****438)
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    988 27 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville Holsatia V006E 17 Apr 05 May 22 May 25 May 29 May 30 May 02 Jun 05 Jun 10 Jun 12 Jun 12 Jun
    988 words
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      190 27 USE THIS SPACE TO SELL CALL JOE WONG AT *****327 TO ADVERTISE THE BUSINESS TIMES Shipping times Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 Spotlight Award Wins Recognition Come publicise your
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  • OPINION
    • Article
      Lock icon How China manages its slowdown bears close watching
      547 28 EDITORIAL CHINA’S economy grew at its slowest pace in six years in the first quarter of this year as its real estate and manufacturing sectors slowed. At 7 per cent still well above the growth rates of today’s major global economies China’s
      547 words
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      Lock icon Beijing not walking its talk in South China Sea spats
      835 28  -  THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter at: @FrankChing1 BEIJING must be feeling the pressure from the United States to stop its campaign of turning tiny reefs
      835 words
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      Lock icon Iran shaping up as a potential gas play
      1081 28  -  BP says Iran has emerged as the largest holder of conventional gas reserves, overtaking Russia though it hasn’t exploited its reserves extensively. This is about to change.BY G PANICKER change.BY G PANICKER T The writer is a former Business Times journalist with
      PHOTO: REUTERS  -  1,081 words
    • Article
      Lock icon Europe’s currency manipulation
      854 29  -  COMMENTARY By Stefan Kawalec T The writer is CEO of Capital Strategy and previously served as Poland’s vice-minister of finance. He is a co-author of a recent article on dismantling the eurozone and a signatory of the European Solidarity Manifesto PROJECT SYNDICATE Warsaw THE Transatlantic Trade and
      PROJECT SYNDICATE  -  854 words
    • Article
      Lock icon A Labour-led government may be just what the UK needs
      628 29  -  COMMENTARY By David Marsh T The writer is managing director and co-founder of the Official Monetary and Financial Institutions Forum THE British general election on May 7 doesn’t matter much to most people outside the UK. The most likely outcome
      628 words
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      Lock icon Corporate stewardship: making the leap from theory to practice
      1476 29  -  A starting point for practical improvement in the investor chain lies in the application of two very simple words value and mandate. BY MARK GOYDER AND ONG BOON HWEE practical mandate.BY MARK GOYDER, ONG BOON HWEE TThe writers are, respectively, CEO
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon S’pore ready for Sea Games: President Tan
      585 30  -  He tours the Sports Hub, is briefed on preparations for the Sea Games and calls on Singaporeans to throw their support behind Team Singapore By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore WITH 50 days to go until the start of the South East Asian
      PHOTO: LIANHE ZAOBAO  -  585 words
    • Article
      Lock icon Stolen artifacts worth US$107m seized in New York
      501 30 More than 2,600 items confiscated in largest antiquities seizure in US history NYT New York THE Manhattan district attorney’s office on Tuesday made public the largest antiquities seizure in US history and asked a judge to grant it custody of a startling
      NYT  -  501 words
    • Article, Illustration
      Lock icon India’s tobacco giant tries short cigarettes as taxes hit demand
      654 30 BLOOMBERG Mumbai INDIA’s smokers are favouring cheaper options such as chewing and leaf-wrapped tobacco over cigarettes, as rising taxes prompt British American Tobacco plc’s Indian associate to sell shorter sticks with lower duties. “Earlier on, as the taxation was increased,
      BLOOMBERG; PHOTO: BLOOMBERG  -  654 words
  • Page 30 Advertisements
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      31 30 Need a room flat? n If you're looking to buy or rent an HDB apartment, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
      31 words
  • Page 30 Miscellaneous
    • Miscellaneous
      Lock icon Page 30 Miscellaneous Column 1
      331 30 CRYPTIC CROSSWORD Across 1 Warmer, in the main (4,6) 9 Girl’s love for a brave man? (4) 10 Our quintet needs arrangement for one instrument (10) 11 Place for old writers to take a dip (6) 12 Go through the cases but don’t accept any (7) 15 Notices amended in
      331 words