The Business Times, 21 April 2015

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Microfilm: NL33464
Total Pages: 37
1 38 The Business Times
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  • Title Section
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    16 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION MCI (P) 051/08/2014 Tuesday, April 21,2015
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  • Article
    Lock icon Quiet S’pore market sends retail investors’ funds overseas
    775 1  -  Maybank Kim Eng says value of foreign shares traded through its Singapore office rose by more than a third from 2013 to last year By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore WHEN the Singapore market stagnated, retail investors poured money abroad. Statistics from
    775 words
  • II DAILY DIGEST
    • Article
      Lock icon Inflation expectations in Singapore
      22 1 have continued to drop, reaching a new 3 1 /2-year low of 3.05 per cent. TOP STORIES 2
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    • Article
      Lock icon Singapore, taking a
      30 1 global, holistic tack in pursuit of its Smart Nation ambition, rolls out the welcome mat to those with enterprising talent Singaporeans and non-Singaporeans alike. TOP STORIES 4
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    • Article, Illustration
      Lock icon Singaporeans no longer need
      28 1 to go to a bank to rent safety deposit boxes, with the opening of a European-standard vault just off Orchard Road. TOP STORIES 5
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    • Article
      Lock icon A unit of Beijing-owned
      26 1 China South Industries Group Corp is uncertain if it can make an 85.5 million yuan interest payment on Tuesday. BANKING FINANCE 18
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    • Article
      Lock icon Foreign carmakers continue
      31 1 to plough money into factories in China, the world’s largest car market, even as the biggest economic slowdown in a quarter of a century crimps sales growth. TRANSPORT/26
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    • Article
      Lock icon Adplanet Daiko, a joint venture
      28 1 of Singapore’s Adplanet Group and Japan’s Daiko Advertising, has been launched to incorporate a regional agency network in the Asean market. CONSUMER /21
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    • Article
      Lock icon Indonesia welcomes business
      35 1 chiefs and government leaders to Asia’s edition of the World Economic Forum (WEF), as calls mount for President Joko widodo to do more to show his commitment to reform. GOVERNMENT ECONOMY 23
      35 words
  • Article, Illustration
    Lock icon Beijing’s reserve ratio cut to boost stocks, lending: analysts
    812 1  -  By Virginie Mangin btworld@sph.com.sg Beijing CHINA’S central bank move to cut reserve ratios for banks are expected to boost stock markets further and lead to easier loans to companies, analysts said. As of Monday morning all banks in China have to
    PHOTO: REUTERS  -  812 words
  • Article
    Lock icon MARKETS
    27 1 Monday Change STI 3,503.25 -21.94 KL COMP 1,848.66 +2.80 NIKKEI 225 19,634.49 -18.39 HANG SENG 27,094.93 -558.19 SHENZHEN B 1,315.18 -24.46 DOW (noon EDT) 18,066.20 +239.90
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      167 1 Hill 8 '*****1 *****4 SHOPHOUSES FOR SALE The Bamboo Group to sell portfolio for S$77m REAL ESTATE 14 SEA ASIA 2015 Special feature on the maritime conference SUPPLEMENT 27-33 COMMENTARY Noble saga: the ball is in the regulators’ court COMPANIES MARKETS 6 CREATING SAFER CITIES Resilient infrastructure is key OPINION
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  • TOP STORIES
    • Article
      Lock icon Inflation expectations drop to 3.5-year low: SMU survey
      578 2  -  Persistently weak oil prices, exchange rate fluctuations on US rate hike fears sway those polled By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore INFLATION expectations in Singapore have continued to drop, reaching a new 3.5-year low of 3.05 per cent. Consumers polled in March
      578 words
    • Article, Illustration
      Lock icon Asia, Africa set for closer ties, says Grace Fu
      646 2  -  Foreign direct investment and trade between the two regions jumped from US2.8b in 1990 to US$270b in 2012 By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Jakarta ASIA and Africa, the world’s two fastest growth nodes, are poised for closer cooperation and dialogue in
      646 words
    • Article
      Lock icon ADB: Asia needs to boost human productivity to maintain competitiveness
      520 2  -  By Anthony Rowley btworld@sph.com.sg Tokyo FOR all the past talk of the Asian “economic miracle”, the reality now is that the region is losing ground in terms of productivity growth, with key economies such as China, India and Indonesia slowing
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    • Article
      Lock icon EPF offers alternative to earlier proposal of delaying full withdrawal by 5 years
      575 2  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur THAT the average Malaysian has insufficient savings for retirement has been a long-standing problem, but it has become more contentious following a push to delay the full withdrawal of pension funds
      575 words
    • Article, Illustration
      Lock icon Singapore wants enterprising talents to build Smart Nation
      544 4  -  PM Lee makes pitch to tech industry captains and investors at the start of Smart Nation innovations week By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SINGAPORE, in taking a global, holistic tack in pursuit of its Smart Nation ambition, on Monday rolled out
      PHOTO: ONG WEE JIN/ THE STRAITS TIMES  -  544 words
    • Article, Illustration
      Lock icon Rise in UK bank tax may push HSBC, StanChart to shift home to Asia
      1032 4 REUTERS London HSBC and Standard Chartered are looking at the viability of quitting London for a new home in Asia because a big jump in a tax on UK banks makes staying in Britain increasingly painful.
      REUTERS; PHOTO: AFP; PHOTO: REUTERS  -  1,032 words
    • Article, Illustration
      Lock icon Safe-deposit box facility opens off Orchard Road
      431 5  -  By Cheah Ui-Hoon uihoon@sph.com.sg Singapore SAFE deposit box users will no longer need to go to a bank to rent safety deposit boxes, with the opening of a Europe-an-standard vault just off Orchard Road. Vault@268 opens its automated and robotic services with 1,964
      431 words
    • Article
      Lock icon Nominations open for Emerging Enterprise awards; prizes bigger
      436 5  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore THE prize purse awaiting the three winners of this year’s Emerging Enterprise Awards 2015 (EE 2015) just got plumper S$1.47 million, up from S$1.32 million last year. The package each of the three title-holders will bag
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    • Article, Illustration
      Lock icon Canadian Manulife gears up with launch of new financial advisory firm
      551 5  -  It is part of the insurer’s strategy to strengthen its distribution network By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore CANADIAN insurer Manulife is going on the offensive as it moves to expand its business in Singapore with the launch of
      551 words
  • Page 2 Advertisements
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  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      157 4 HOW TO ENSURE A HEALTHY HEART? ft -1 a z rtd M e -jtr i^Sk I d Av K J Join us in our Health Awareness Talk by Dr. Michael Lim, internationally renowned Interventional Cardiologist and Medical Director of Heart, Stroke Cancer Centre. Dr. Michael Lim is the author of
      157 words
    • Advertisement
      Lock icon Page 4 Advertisements Column 2
      70 4 INTERNATIONAL TENDER SALE Make Robertson and Caine Model Leopard 51 Power Catamaran Year Built 2013 Engines Twin John Deere diesel engines Length 15.5 metres (51 feet) Venue: Republic Of Singapore Yacht Club, 52 West Coast Ferry Road Singapore *****7 Viewing Date Time: 23 to 26 April 2015, 10am to 4pm
      70 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      40 5 church-footwear.com m -i i •,u -J Sail Li .5te*s ■if -f s$ ;:..,,i,,--i -V Mfe' ■Vi mmm. mmm mmm vltmhtx&tMSr mm mmsm& infill#,. msm r;: V \j\n u OiutcIis English shoes SINGAPORE HONGKONG SHANGHAI TOKYO LONDON MILAN PARIS MADRID NEWYORK
      40 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Noble’s AGM raises further concern
      601 6  -  Chairman’s reluctance to address issues triggers responses from Iceberg Research and SIAS By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore NOBLE Group’s annual general meeting (AGM) last Friday was an opportunity for the beleaguered commodity trader to address the serious issues raised by Iceberg Research and
      Source: Bloomberg  -  601 words
    • Article
      Lock icon Noble saga: Ball is in regulators’ court
      737 6  -  COMMENTARY By Michael Dee T The writer is an investment banker. He is a former senior managing director at Temasek Holdings and a former CEO for Southeast Asia at Morgan Stanley Co A HEADLINE in The Business Times on Saturday reads: “Noble dodges
      737 words
    • Article
      Lock icon Mapletree Logistics Trust’s Q4 DPU dips on higher borrowings
      407 10  -  Revenue, NPI rise; occupancy hit by conversions at some Singapore properties By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore MAPLETREE Logistics Trust on Monday reported a 2.1 per cent drop in distribution per unit (DPU) to 1.85 Singapore cents for its fourth quarter
      407 words
    • CORPORATE DIGEST
      • Article
        Lock icon Keppel Corp
        81 10 KEPPEL Corp’s non-executive and independent director Tony Chew will retire from the group’s board on May 1. Mr Chew will concurrently cease to be chairman of the nominating committee and member of the audit committee. He will be succeeded by Tan Puay Chiang as chairman of the nominating
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      • Article
        Lock icon United Overseas Bank
        90 10 UNITED Overseas Bank (UOB) has, as at 5.30pm on Monday, received valid acceptances representing 90.21 per cent of Far Eastern Bank’s (FEB) offer shares, rendering its offer unconditional. UOB said it will exercise its right to compulsorily acquire all the shares of shareholders who have not accepted
        90 words
      • Article
        Lock icon Sabana Industrial Reit
        67 10 SABANA industrial Reit has posted a distribution per unit of 1.78 Singapore cents for its first quarter ended March 31, 2015, a 5.3 per cent drop from a year ago. Gross revenue inched up 3.2 per cent to S$25.4 million on higher gross revenue from 10 Changi
        67 words
      • Article
        Lock icon Singapore Exchange
        151 10 SINGAPORE Exchange’s (SGX) India-related products saw larger trading interest in the first three months of 2015. Volume for the SGX Nifty Index Futures for the first quarter rose more than 30 per cent, compared to a year ago. SGX INR/USD currency futures achieved a record daily volume of
        151 words
      • Article
        Lock icon KSH Holdings
        51 10 KSH Holdings KSH Holdings has secured a S$33.2 million contract to build a three-storey University Sports Centre Building at the National University of Singapore. Construction is expected to start this month and targeted to be completed by May 2017. The contract will lift KSH’s order book to S$420
        51 words
    • Article
      Lock icon Hotel Royal exploring regional acquisitions for growth: chairman
      563 10  -  By Angela Tan angelat@sph.com.sg Singapore EMERGING from a challenging year in which lower tourists arrivals in Singapore hit its domestic hospitality operations, Hotel Royal will explore hotel and investment property opportunities in Asia Pacific to fuel its growth, chairman Lee Keng Thon
      563 words
    • Article
      Lock icon Starhill Reit in A$288m purchase
      360 11  -  It plans to acquire Myer Centre Adelaide in cash deal By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore STARHILL Global Reit announced on Monday it is looking to buy a freehold property at 14-38 Rundle Mall, Adelaide, South Australia (Myer Centre Adelaide) for A$288 million (S$300 million)
      360 words
    • Article
      Lock icon UOB, Royal GK in financing deal for Yangon power plant
      286 11  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore UNITED Overseas Bank (UOB) has announced a financing agreement with Singapore-based Royal GK to provide electricity to Myanmar. Royal GK, an engineering procurement and construction company, was commissioned by the Myanmar Central Power
      286 words
    • Article
      Lock icon Crushed-limestone producer GCCP launches Catalist IPO
      338 11  -  By Elizabeth Mak eamak@sph.com.sg Singapore MALAYSIA-BASED crushed-limestone producer GCCP Resources Limited launched its initial public offering (IPO) on Monday for a Catalist listing on Singapore Exchange (SGX). CEO Alex Loo, who will hold a combined direct and deemed stake of close to 54 per
      338 words
    • Article
      Lock icon Cheung Woh swings back to black
      365 11  -  By Fiona Lam fionalam@sph.com.sg Singapore CHEUNG Woh Technologies posted on Monday a net profit of S$3.3 million for its fourth quarter ended Feb 28, 2015, rebounding from its S$646,000 loss a year ago. Revenue for the quarter doubled from S$ 13.1 million toS$27.2 million,
      365 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 12 STI Catalist Straits Times Index April 20,2015 3,503.25 -21.94 (-0.62%) Current streak 3 days Day high 3,525.84 Day low 3,497.36 52-week high 3,539.95 (Apr 15, 2015) 52-week low 3,154.21 (Oct 16, 2014) FTSE ST Catalist index April 20,2015 754.32 -13.68 (-1.78%) Current streak 2 days Day high 764.04 Day low
      63 words
    • Article, Illustration
      Lock icon STI loses more ground after scaling 7-year high
      636 12  -  Index extends its losses for the third straight day, dropping 21.94 points or 0.6% STOCKS By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT THERE was nothing fresh about the start of a new trading week in the local bourse on Monday with the key index
      Source: Bloomberg  -  636 words
    • Article
      Lock icon STI STOCKS
      320 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 264 +1 266/262 269 219 5.4 6674.8 CapitaLand 364 cd -4 370/360 371 293 13.3 2.5 *****.8 CapitaMall Trust 225 unch 225/220 228 188.5 4.8 7805.3 CityDev 1052 cd -11 1068/1050 1118
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    • Article
      Lock icon MOST ACTIVE
      35 12 VOLUME WE R 446,158,700 SinoConstruction 248,784,200 Pacific Andes 126,602,800 SIIC Environment 96,521,900 StratechGroup 88,432,200 Market volume 2,808,832,000 VALUE Singtel 69,554,020 DBS Grp 65,510,364 Keppel Corp 46,903,699 CapitaLand 46,515,485 UOB 40,317,318 Market value 1,170,842,000
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    • Article
      Lock icon SGX ETFs
      107 12 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap UETF SSE50China 300 -2 570 309/297 310/140 297/302 93.8 STI ETF 351 -1 265 352/351 355/319 350/351 IS MS India US$ US777 -16 134 800/777 1000/636 771/776 97.1 DBXT MSINDO us$ US1459 -11 43 1471/1452 1542/1324
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Apr 20 VALUE CLOSE BT OB/OS 490.00 -278.00 BT CADI -*****.00 -174.00 BT 10-day MA -*****.00 +49.00 FTSE ST Mid Cap 802.55 -2.57 FTSE ST Small Cap 502.20 -2.90 FTSE ST All Share 841.02 -4.83 FTSE ST China Top 209.15 -1.31 FTSE ST China 242.24 -1.98 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 12 STI FTSE ST All-Share ftse ST All-Share index April 20,2015 841.02 -4.83 (-0.57%) Current streak 3 days Day high 845.56 Day low 839.86 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 12 STI MSCI EAFE MSCI EAFE Index April 17,2015 1,896.06 -16.26 (-0.85%) Current streak 1 day Day high 1,922.95 Day low 1,894.61 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 GAINERS
      79 12 BY CENTS CLOSE UP 52w high/low DBXT AUDBonds AU$ ***** 176.6 0.8 *****/***** DBXT MSKorea US$ 6198 56.5 0.7 6735/5484 DBXT MSJAP US$ 5158 39.0 0.6 5158/4291 Lyxor Mal US$ 941 35.0 2.8 1101/892 DBXT S&P Short US$ 2189 26.9 0.9 2540/2117 BY PERCENTAGE CLOSE UP 52w high/low ChinaSing
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 7 4 0 0 0 5 7 4 Manufacturing 31 68 42 4 17 10 35 85 52 Commerce 13 35 14 2 10 3 15 45 17 Tpt/Stor/Comms 9 24 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 51,742 51,742 104,857 104,857 Manufacturing 402,963 102,028 504,991 133,652 5,684 139,335 Commerce 102,170 551,688 653,858 54,321 4,954 59,275 Tpt/Stor/Comms 132,950 1,860 134,810 203,134 172 203,306 Finance 27,739 480 28,219 168,713 132 168,844 Construction 285,381 33,932
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    • Article
      Lock icon LOSERS
      76 12 BY CENTS CLOSE DOWN 52w high/low DBXT MSUSA US$ 5344 -307.8 -4.1 5573/4664 DBXT China50 US$ 4009 -223.1 -4.0 4203/2699 JMH USD 6107 -92.8 -1.1 6788/5700 Lyxor ChinaH US$ 1934 -88.7 -3.3 2040/1280 DBXT MSCHINA US$ 1654 -79.3 -3.4 1713/1145 BY PERCENTAGE CLOSE DOWN 52w high/low Innopac W*****0 0.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 12 VOL CLOSE($) CHANGE ChinaSing Inv 34.0 0.019 +0.012 +171.43 StratechGroup 88,432.2 0.025 +0.005 +25.00 China Env Res 8.5 0.050 +0.022 +78.57 Shanghai Turbo 883.0 0.083 +0.012 +16.90 SinoConstruction 248,784.2 0.041 -0.023 -35.94 Qingmei 5,948.5 0.012 +0.002 +20.00 Azeus 190.0 0.090 -0.006 -6.25 MM2 Asia 1,535.5 0.300 +0.025 +9.09
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    • BROKERS’ TAKE
      • Article
        Lock icon Tat Hong Holdings
        175 12 Hold April 20 close: S$0.64 Target price: S$0.63 OCBC Investment Research, April 20 Tat Hong issued a profit guidance statement last Friday evening as the group expects to report a loss for Q4 FY15, attributed to weak performance of its Australia wholly-owned subsidiary amid challenging business conditions
        175 words
      • Article
        Lock icon O&M Dental Group
        101 12 Accumulate April 20 close: S$0.735 Target price: S$0.78 Phillip Securities Research, April 20 We initiate coverage on Q&M Dental Group with an “accumulate” rating and S$0.78 target price. This is a Singapore roll up story in the dental scene. It has grown from one clinic in 1996
        101 words
      • Article
        Lock icon Sinotel Technologies
        220 12  -  Compiled by Kenneth Lim Accept offer April 20 close: S$0.098 Offer price: S$0.098 RHB Research, April 20 Sinotel recorded a third consecutive year of loss in FY14 with net loss of 458 million yuan (S$99.6 million), whittling down its net asset value (NAV) per share to 0.914 yuan.
        220 words
    • Article
      Lock icon Euro dips, China boost for Aussie dollar fades
      385 13 CURRENCIES London THE euro slid just over half a percent against the dollar in a slack start to the week on Monday dominated by the fallout of new economic stimulus in China and concerns over Greece. The dollar’s worst performance in a
      385 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 13 Apr 20 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.953 4.851 0.725 6.061 48.968 100.724 0.929 8.429 2.826 1.013 79.413 34.574 1.051 9.399 0.743 24.254 25.307 0.522 0.782 Canada 1.050 5.091
        471 words
      • Article, Illustration
        Lock icon HANG SENG
        2 13
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      • Article, Illustration
        Lock icon NIKKEI
        1 13
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 13
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      • Article, Illustration
        Lock icon DOW JONES
        2 13
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 13 Apr 20 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0509 1.0519 0.7818 0.7823 Canadian dollar 1.1031 1.1039 0.8210 0.8206 Euro 1.4505 1.4514 1.0791 1.0794 NZ dollar 1.0372 1.0379 0.7716 0.7719 Sterling pound 2.0123 2.0134 1.4970 1.4974
        155 words
      • Article
        Lock icon US$/S$ FORWARD RATES
        22 13 Apr 20 S$ Bid Offer 1-month 1.3448 1.3455 2-months 1.3454 1.3462 3-months 1.3461 1.3470 6-months 1.3484 1.3494 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        205 13 Most active Apr 20 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 3.7 -0.2 ***** 1 18 18 SingTel MB eCW*****3 8.2 -0.4 7000 0.2 460 14 Top Global Ltd W*****9 0.1 unch 5100 OCBC Bk
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 13 In local curr In S$ In US$ dy yr dy yr dy yr Apr 17 Index Change Change Change Change Change Change World Preliminary 1347.1 -1.2 5.6 -1.6 5.1 -1.0 3.5 EAFE Preliminary 1105.8 -1.3 12.1 -1.4 8.5 -0.9 6.8 Europe Preliminary 1552.1 -1.6 12.3
        373 words
      • Article
        Lock icon SGX DERIVATIVES TRADING
        395 13 Apr 20 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.23 *****.66 *****.31 Apr15 *****.50 *****.50 *****.00 *****.50 *****7 *****4 May15 *****.50 *****.00 *****.00 *****.50 ***** ***** NIKKEI 225 INDEX FUTURES SPOT *****.00 *****.86 *****.23 Jun15 *****.00 *****.00 *****.00 *****.00 ***** *****7 Sep15
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    • BANK RATES
      • Article
        Lock icon SIBOR
        36 13 Apr 20 1 mth 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 0.***** 3 mths 0.***** 6 mths 0.***** Source: Thomson Reuters
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      • Article
        Lock icon INTERBANK RATES
        154 13 Apr 20 $S Offer Bid 0vernight 0.05 Par 1-month 0.75 0.625 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.25 US$ Offer Bid 7 days 0.17 0.07 1 month 0.23 0.13 2 months 0.28 0.18 3 months 0.40 0.20 6 months 0.60 0.40 9 months 0.70 0.50 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 13 Apr 20 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.64 102.79 102.68 5-Year N*****0H 1.625 01-Oct-19 100.22 100.50 100.50 10-Year NY*****H 3.000 01-Sep-24 106.61 107.36 107.00 15-Year NY*****E 2.875 01-Jul-29 104.62 105.27 104.90 20-Year NZ*****V 3.375 01-Sep-33 110.21
        67 words
    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 13 Apr-17 Price Net change change Last Trade Agricultural Apr-17 CBOT Soybeans (US cents/bu) 968.75 2.75 0.28% 14/05/2015 CBOT Soybean Oil (US cents/lb) 31.52 -0.24 -0.76% 14/05/2015 CBOT Wheat (US cents/bu) 494.50 0.00 0.00% 14/05/2014 Apr-17 LIFFE Cocoa (£/tonne) 1938.00 -26.00 -1.32% 13/05/2015 LIFFE Coffee (US$/tonne) 1799.00 3.00 0.17%
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      70 6 Letters to the Editor, Page 25 TT I I r>m niL jlo i, 1DE/1S CQ F f\ EE u 9 r j n r 3 9 V 9 v O v f 4 iSO H %s i,: T r The muse comes when you least expect it. If you've had
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  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
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      639 words
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  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      89 11 m V m m s m t $87 all-in return H as fo fly to Indonesia from promotional fare shown is for round trip travel, inclusive of taxes and excludes S9 booking fee per passenger per sector for credit card payments, payment by axs is charged at $5 per transaction,
      89 words
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      Lock icon Page 11 Advertisements Column 2
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Singapore Land Authority to get new chief in May
      246 14 STRAITS TIMES ONLINE Singapore THE Singapore Land Authority (SLA) will get a new chief executive next month. Tan Boon Khai, 41, formerly head of group procurement at CapitaLand, will take over the reins from Mr Vincent Hoong, the Ministry of Law
      STRAITS TIMES ONLINE  -  246 words
    • Article, Illustration
      Lock icon The Bamboo Group puts up portfolio for sale at S$77m
      720 14  -  Boutique property firm looking for single buyer for the 9 shophouses and two shop units By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore A PORTFOLIO of nine freehold shophouses and two 9,999-year leasehold strata shop units is up for sale to a
      720 words
    • Article
      Lock icon Chinese imperial palace mulling over legal action against replica
      569 14 Movie studio which owns sprawling US$5b project says it wants to educate younger generation about past AFP Beijing THE managers of the Old Summer Palace in Beijing, looted by British and French troops in the 19th century, are threatening legal action
      AFP  -  569 words
    • Article, Illustration
      Lock icon Canada home buying spree continues
      781 15 ECB’s bond buying drives down credit rates to record lows, fuelling house buying BLOOMBERG Toronto AT THE central bank in Ottawa, officials are forecasting a soft landing for the housing market. On the ground in Canada, brokers and homebuyers are seeing prices that keep going
      BLOOMBERG; PHOTO: BLOOMBERG  -  781 words
    • Article
      Lock icon Dalian Wanda targets 1,000 malls by 2025
      259 15 REUTERS Hong Kong CHINA’S Dalian Wanda Group said it aims to have 1,000 shopping malls open by 2025, a ninefold jump from the end of last year, as the country’s largest commercial property developer bets on growth in consumer activity, especially in lower-tier
      REUTERS  -  259 words
    • Article
      Lock icon Prologis, Norway’s SWF to buy KTR assets for US$5.9b
      516 16 Acquisition set to expand Prologis’s position in key US markets BLOOMBERG Boston PROLOGIS Inc, the world’s largest owner of industrial real estate, and Norway’s US$890 billion sovereign wealth fund (SWF) agreed to buy KTR Capital Partners for US$5.9 billion to expand
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      Lock icon US housing agency’s sales of bad loans of little help to hard-hit homeowners
      1222 16 BLOOMBERG Washington THE US Housing and Urban Development Department has sold US$3.7 billion of soured loans since late 2012 to aid homeowners in communities hurt by foreclosures. So far, the government agency has mostly helped itself. Borrowers
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    • Article
      Lock icon East Europe banks face pressure over Swiss franc loans
      819 17 Governments, worried about political risks from the loans, are pushing lenders to provide costly relief for borrowers REUTERS Warsaw WHEN the Swiss franc surged at the start of the year, there were dire predictions of a wave of debt defaults by
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      Lock icon UK home prices rise to record amid shortage
      466 17 BLOOMBERG London ASKING prices for UK property climbed to a record in April as a shortage of homes for sale worsened, Rightmove plc said. The average price rose 1.6 per cent from March to £286,133 (S$575,000), reflecting a 4 per cent plunge
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    • Article
      Lock icon Japan’s Apa Group to build 2,400-room hotel
      313 17 REUTERS Tokyo APA Group aims to capitalise on a boom in visitors to Japan by building the country’s biggest hotel in time for the Tokyo 2020 Olympic Games, Toshio Motoya, the chief executive of the nationwide hotel chain, said. The unlisted operator of
      REUTERS  -  313 words
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      121 14 Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices FREEHOLD LUXURY RESIDENTIAL BLOCK FOR SALE k CUSHMAN WAKEFIELD Estate Agents Licence No: L*****33E i N Opportunity to acquire 100% interest in a brand new freehold 16-storey luxury residential development Located
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      59 14 Prime Ground Floor Commercial Space For Sale Freehold Bungalow 45 Sixth Avenue For Sale by Tender Land area: 12,562 sq ft Approx. 36m frontage by 35m depth Easy access to amenities minutes walk to future Sixth Ave MRT station Lush greenery around the property offering privacy Suits Redevelopment Closing: 22
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      388 15 Waddon House Croydon, LONDON Prices starting from g: a u 0 a 0 2 c Si a i i Si k III' N (J1 Si <1 ro iiiii li 'H mt' m I Uni mm Si N. S mi S 4 LIB s HI ILIII I I I ■v; II
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      463 17 COSMOPOLITAN LIVING JUST MINUTES FROM MANHATTAN PLAZA A WHA tr' IF" C,'.S.ssm 1 f«v. M '■T fc. *~r s a gS33= 'xI ■“•Mr 55*5 FUTURE CANARY WHARF T P MANHATTAN PLAZA T" s--CROSSRAIL STATION [DUE TO OPEN 2018] L f ~zrrr+'++ iJl[M “V T» ■W U i. i vr Crossrail
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  • BANKING & FINANCE
    • Article
      Lock icon China bond market may see default by a state firm
      951 18 Beijing’s resolve to reform state sector under scrutiny as Baoding Tianwei Group looks likely to miss interest payments due on Tuesday BLOOMBERG Shanghai FOR two years Premier Li Keqiang has vowed painful state sector reforms that may feel like slashing
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      Lock icon Morgan Stanley’s Q1 profit jumps 59% to US$2.39b
      652 18 BLOOMBERG New York MORGAN Stanley reported profit that beat analysts’ estimates and the highest adjusted revenue in more than five years as equity trading and brokerage revenue jumped. First-quarter net income rose 59 per cent to US$2.39 billion, or US$1.18 a share,
      BLOOMBERG; PHOTO: REUTERS  -  652 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Investors go all in for oil amid market froth elsewhere
      1343 19 Many are newcomers, drawn by the hope of turning a quick profit on market fluctuations and some seek a haven from inflated assets BLOOMBERG Houston JOSEPH Gladbach and his fellow bankers at Jefferies Group field three to five calls a
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      64 19 •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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  • TECHNOLOGY
    • Article
      Lock icon IBM venture with Chinese stirs concern
      999 20 China’s former military engineer now working with IBM to help Chinese firm absorb, build on IBM technology NYT Hong Kong SHEN Changxiang, who once supervised the cybersecurity of China’s strategic missile arsenal and spearheaded computer-security research for the navy, has warned of the perils
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      Lock icon Facing a cloudy future at Silicon Valley
      1000 20 NYT Los Altos, California ABOUT 10 years ago, Aaron Levie dropped out of college to start a Silicon Valley company called Box. Before long, he was one of those young technology wizards of whom great things were expected. Mr Levie faced hurdles and
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      Lock icon Sony unveils new high-end phone
      424 20 Xperia Z4 marks its bid to stay in the smartphone race REUTERS Tokyo SONY Corp on Monday unveiled a new high-end Xperia handset featuring an aluminium frame and a 5.2-inch screen, showing it is still in the smartphone race even as it scales down its
      REUTERS; PHOTO: REUTERS  -  424 words
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      282 20 Z20t 12.5" Detachable Ultrabook™ with 17.4 Hour Battery Life* ir-: o i. redact award 2015 winner DETACHABLE Toshiba recommends Windows. Toshiba Digitizer Pen Included (Certifed by Wacom) ULTRAPORTABLE rE=T\ Complete Connectivity to a wide range of devices Micro HDMI {on Tablet) VGA HDMI (on Keyboard) For Corporate Reseller Corporate Inquiries,
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  • CONSUMER
    • Article
      Lock icon Singapore, Japan firms launch JV to tap Asean’s ad market
      485 21  -  With its regional HQ in S’pore, Adplanet Daiko will uphold three pillars of communication solutions By Prisca Ang prisang@sph.com.sg Singapore ADPLANET Daiko, a joint venture (JV) between Singapore’s Adplanet Group and Japan’s Daiko Advertising, has been launched to incorporate a
      485 words
    • Article
      Lock icon US consumers ordering healthcare tests online
      516 21 BLOOMBERG New York CONSUMERS will soon be able to bypass their doctors by going online to order cholesterol readings, thyroid tests and other bloodwork from the biggest diagnostics company in the US. Laboratory Corp of America Holdings will let customers go online to pay
      BLOOMBERG  -  516 words
    • Article, Illustration
      Lock icon Home Depot rolls out ‘Spring Black Friday’
      409 21 BLOOMBERG New York HOME Depot Inc keeps trying to turn spring into Christmas. The world’s largest home-improve-ment retailer has been attempting to transform the season its biggest selling period of the year into a promotional event on a par with the holiday shopping
      BLOOMBERG; PHOTO: AFP  -  409 words
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      741 21 A special feature brought to you by HARNESS YOUR EMOTIONS FOR WORKPLACE SUCCEESS Emotions are energies that fuel our behavior, speech and actions. Conventionally, most of us are taught to suppress our emotions so that we can be logical and rationale in our decisions, speech and actions. But that doesn’t
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon World prepares for another taper tantrum
      883 22 Test is whether developing nations have done enough to insulate their economies from a higher US$, capital flight BLOOMBERG London THE world economy is about to discover if to be forewarned by the Federal Reserve is to be forearmed. Two years after the Fed
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    • Article
      Lock icon Ringgit undervalued, banking sector very solid, says Zeti
      731 22 BLOOMBERG Washington MALAYSIA’S central bank governor Zeti Akhtar Aziz said the nation’s fiscal position is improving and the ringgit is undervalued even as growth prospects weaken, in a rebuttal to Fitch Ratings and investors who have soured on the country in recent
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      Lock icon Markets could be caught off guard if BOJ hits inflation target: Kuroda
      598 22 REUTERS Wayzata, Minneapolis BANK of Japan (BOJ) governor Haruhiko Kuroda said that financial markets “could be surprised” if the central bank hits its 2 per cent inflation target in 2016 and interest rates in Japan start to rise
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    • Article
      Lock icon Japan manufacturers downbeat in April: survey
      430 22 REUTERS Tokyo CONFIDENCE among Japanese manufacturers slid for the first time in three months in April but service sector firms’ mood improved, a Reuters poll showed, underscoring the uneven nature of the economy’s rebound from a recession last year. The Reuters Tankan, which closely
      REUTERS  -  430 words
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      Lock icon Indonesia seeks to attract investors at ‘Asia’s Davos’
      546 23 Calls mount for Jokowi to do more to show his commitment to reform AFP REUTERS Jakarta INDONESIA welcomed business chiefs and government leaders on Monday to Asia’s edition of the World Economic Forum (WEF), as calls mount for President Joko Widodo to
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      Lock icon Indian government pushing land bill despite opposition
      501 23 REUTERS New Delhi INDIA’S reformist government went on the offensive on Monday, pushing ahead with a plan to make industrial land purchases easier that sets a course of direct confrontation with an opposition that accuses Prime Minister Narendra Modi of failing farmers. Mr
      REUTERS; PHOTO: AFP  -  501 words
    • Article
      Lock icon Staying out of AIIB talks a blunder by US, Japan: chief of opposition DPJ
      503 23  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE leader of the main political opposition party in Japan has charged that the United States and Japan have committed a major “diplomatic blunder” by sitting out the chance to become
      503 words
    • Article
      Lock icon Currency speculators losers in Denmark’s peg battle: IMF
      508 23 BLOOMBERG Copenhagen THREE months after Denmark became the target of a speculative attack against its currency regime, the International Monetary Fund (IMF) says the country’s central bank has gained credibility after forcefully fighting back the onslaught. Policymakers “did a good job of
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      884 23 The Business Times NOTICES INVITATION FOR EXPRESSIONS OF INTEREST ENGINEERED PROCESS SYSTEM AND SOLUTION PROVIDER Opportunity to acquire the share capital or the business and assets of an established Engineered Process System and Solution Provider to the oil, gas and water treatment sectors based in Singapore. The Joint and Several
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  • OPINION
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      Lock icon Safe assets might be low-yield and pricey, but better safe than sorry
      582 24 EDITORIAL AS developed world bond markets continue to rally, the question gets asked whether some things are overdone. Ten-year German bunds were notably trading at just eight basis points on Friday, meaning investors are willing to accept a
      582 words
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      Lock icon More austerity won’t help a Greece on the brink
      843 24  -  THE BOTTOM LINE By Paul Krugman ‘Don’t you think they want us to fail?” That’s the question I kept hearing during a brief but intense visit to Athens. My answer was that there is no “they” that Greece does not, in
      843 words
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      Lock icon Resilient infrastructure key to safer cities
      1224 24  -  The paradigm shift from system resistance to resilience is a move to a promising framework to cope with uncertain future shocks of unexpected magnitudes. BY HANS RUDOLF HEINIMANN magnitudes.BY HANS RUDOLF HEINIMANN T The writer is the project leader of the Future Resilient Systems
      PHOTO: LIM YAOHUI / THE STRAITS TIMES  -  1,224 words
    • Article
      Lock icon The curious case of IMF heads and their downfall
      926 25  -  COMMENTARY By Anthony Rowley HOW have the mighty fallen. First, former International Monetary Fund managing director Dominique Strauss-Kahn was arrested in New York and paraded in handcuffs after being accused of molesting a hotel maid, and now his predecessor Rodrigo Rato
      926 words
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      Lock icon Obama must read up history if he wants Iran deal
      1281 25  -  He must engage Congress or his grand plan will fail just as Woodrow Wilson’s did By Leon Hadar SINCE the White House announced the conclusion of the framework agreement in Lausanne, Switzerland, between Iran and the United States and the
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    • LETTERS TO THE EDITOR
      • Article
        Lock icon Noble AGM: shareholders may not be so supportive next time
        736 25  -  Mak Yuen Teen I REFER to “Noble dodges accounting queries at AGM” and “Sound bites from Elman” (BT, April 18-19). This was a huge opportunity for the company to clarify what to me are legitimate questions that have been raised
        736 words
      • Article
        Lock icon Chairmen should take shareholder questions in the spirit of the law
        386 25  -  David Gerald Founder, president CEO Securities investors Association (Singapore) MINORITY shareholders attending Noble Group’s annual general meeting (AGM) were disappointed with chairman Richard Elman’s handling of questions. SIAS has received feedback that the chairman was unnecessarily defensive, “in denial
        386 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon Foreign carmakers ramp up China investments
      650 26 They continue to plough money into factories despite slowing sales growth as economy weakens REUTERS Shanghai FOREIGN carmakers continue to plough money into factories in China, the world’s largest car market, even as the biggest economic slowdown in a quarter of a century crimps
      REUTERS; PHOTO: REUTERS  -  650 words
    • Article
      Lock icon AirAsia plans US$300m IPO for Indonesian arm in 2016: CEO
      304 26 REUTERS BLOOMBERG Jakarta MALAYSIAN budget carrier AirAsia Bhd is planning an initial public offering for its Indonesian affiliate in the first half of 2016 to raise about US$300 million, its group chief executive said on Monday. AirAsia plans to sell
      REUTERS; BLOOMBERG  -  304 words
    • Article
      Lock icon Skymark Airlines to keep Haneda landing slots in rescue deal
      278 26 BLOOMBERG Tokyo SKYMARK Airlines, the Japanese carrier that filed for bankruptcy protection, will keep its landing slots at Tokyo’s Haneda airport as part of a rescue deal it struck with ANA Holdings, people familiar with the matter said. ANA will
      BLOOMBERG  -  278 words
    • Article
      Lock icon S’pore, Denmark seek new areas of partnership
      344 26  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE and Denmark reaffirmed their ties as the two maritime economies mark 50 years of diplomatic relations. At an event to celebrate the 75th birthday of Denmark’s Queen Margrethe II, Denmark’s Ambassador to Singapore Berit Basse noted
      344 words
    • Article, Illustration
      Lock icon Millennials start buying cars, defying predictions
      709 26 BLOOMBERG New York IN RECENT years, it has become widely accepted that millennials don’t like cars. According to conventional wisdom, the generation born from about 1980 to 2004 prefers public transportation or Uber. They get jazzed about the latest iPhone, not the new Ford
      BLOOMBERG; PHOTO: AFP  -  709 words
    • Article
      Lock icon US bargain seekers with strong dollar buying Europe’s used planes
      624 26 BLOOMBERG Dallas EUROPE’S slow growth and sinking currency have meant boom times for Kevin McCutcheon, an American who buys used private jets to resell in the US He’s bought six aircraft in Europe and is negotiating for a seventh, a
      BLOOMBERG  -  624 words
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  • SEA ASIA 2015
    • Article, Illustration
      Lock icon Major maritime event will cover a wide range of topics
      871 27  -  Discussions will cover issues ranging from falling oil prices to new cargo generators. ALL REPORTS BY VINCENT WEE generators.ALL REPORTS BY VINCENT WEE SEA Asia, one of the region’s largest maritime conferences and a leading forum for analysis and debate
      871 words
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      Lock icon Tech bringing big changes to maritime industry
      1207 27 THE old perception of the maritime industry being an old-fashioned one where nothing much really changes is rapidly vanishing. Changes to the regulatory and market environment have led to many innovations and resulted in new technologies being taken onboard at a rapid pace.
      1,207 words
    • Article, Illustration
      Lock icon Brave new world for container shipping sector
      1087 28 The development of ultra large container ships (ULCS) and the emergence of mega alliances are key trends. THE container shipping industry has gone through phenomenal changes in the past couple of years. Key among the new trends is the development of ultra-large container
      1,087 words
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      Lock icon Weathering the storm in oil and gas
      1314 30 he impact of falling oil prices and other issues will be discussed at the Offshore Marine Forum at Sea Asia 2015. THE offshore industry is going through a challenging period with lower oil prices and ensuing budget cuts by oil exploration companies. The
      1,314 words
    • Article, Illustration
      Lock icon The future of the tanker market
      694 30 THE tanker market has gone through radical changes in the past year as the dramatic changes in the price of oil have had corresponding ramifications on market dynamics. Factors such as tonnage being taken off the market for oil storage started to come into
      694 words
    • Article, Illustration
      Lock icon Challenging times ahead for OSV segment
      556 30 AS a function of the price of oil, naturally the offshore supply vessel (OSV) market has taken a hit as well. “The OSV market is going through a very challenging period with both vessel utilisation and daily charter rates declining. Operators are under pressure
      556 words
    • Article, Illustration
      Lock icon Back to basics in the LNG market
      752 33 Higher environmental standards and the demand for cleaner energy is expanding the scope of LNG use. WITH Asia being the largest market for liquefied natural gas (LNG), changes in the market as well as new developments in usage patterns are of vital importance
      AFP FILE PHOTO  -  752 words
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      195 28 Global Leader in Marine Offshore Engineering urn lip. W -a* •CrS r~ rc t L i r A le > 'S 'l I *JC •i*-. i- 6“ ■>$ SHIP REPAIR SHIP CONVERSION SPECIALISED SHIPBUILDING OFFSHORE ENGINEERING fra*5ag Sfri a sms* 7 s fiSJiSc* L S-n.T.-r 1 > S= A global
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      83 29 Partner for solutions Keppel Offshore Marine (Keppel O&M) is a global leader in offshore rig design, construction and repair, ship repair and conversion and specialised shipbuilding. With a strong focus on raising productivity and technology leadership, Keppel O&M is well-placed to meet the needs of the global oil and gas
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      328 32 21-23 April 2015 sa sers Marina Bay Sands® Seatrade’ Singapore 1 Singapore P' Maritime W U a Foundation Held in conjunction with Recognised as 10 th c @7 In Print Ci At Events www.sea-asia.com SINGAPORE mantime^eek 2 0 I 5 the !<■ 3 If I Approved International Fair OPENS TODAY!
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      1056 33 A ship arrest is a wellestablished and usually very effective mechanism for enforcing a maritime claim. However, the case of the "SEA URCHIN" [2014] 2 SLR 646 serves as a sobering reminder to tread carefully when seeking to enforce what may technically be strict legal rights. The vessel "SEA URCHIN"
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    996 34 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Charleston V012E 25 Apr 05 May 22 May 25 May 29 May 30 May 02 Jun 05 Jun 10 Jun 12 Jun 12
    996 words
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      211 34 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES Shipping times Experienced shf p maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 S-~m Tl IE BUSINESS TIMES Shipping times Announce
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon 2 plays win S’pore theatre’s top prize
      590 35  -  M1-ST Life! Theatre Awards gives out trophies in 12 categories as local theatre continues to flourish. BY HELMI YUSOF BY HELMI YUSOF helmi@sph.com.sg @HelmiBT Singapore IN an unprecedented tie for Singapore’s top theatre award, Wild Rice’s Monkey Goes West and Nine Years Theatre’s
      FILE PHOTOS  -  590 words
    • Article, Illustration
      Lock icon Tunisia seeks to save tourist season after museum massacre
      586 35 AFP Tunis STILL smarting from a jihadist attack that killed 21 foreign tourists last month, Tunisia is hoping to save the summer season with new security measures and an ad campaign touting its safety as a destination, but industry leaders are
      AFP; PHOTO: AFP  -  586 words
    • Article, Illustration
      Lock icon Japan robot receptionist welcomes shoppers
      238 35 AFP Tokyo SHE can smile, she can sing and this robot receptionist who started work in Tokyo on Monday never gets bored of welcoming customers to her upmarket shop. “My name is ChihiraAico. How do you do?” she says in Japanese, blinking and nodding to
      AFP; PHOTO: AFP  -  238 words
    • Article, Illustration
      Lock icon Older Bordeaux vintages show their value as broader recovery proves elusive
      407 35 BLOOMBERG London OLDER wines from Bordeaux are showing value as investors and collectors await release prices for the 2014 vintage, while a recovery in the broader market remains elusive, according to London-based Wine Asset Managers LLP (WAM). Prices on
      BLOOMBERG; PHOTO: BLOOMBERG  -  407 words
  • Page 35 Miscellaneous
    • Miscellaneous
      Lock icon Page 35 Miscellaneous Column 1
      358 35 CRYPTIC CROSSWORD Across 1 Ached badly in cold season? Get a jacket (11) 7 Like a type of dish with some vinegar nice (5) 8 Fruit from exhibition centre obtained by sailor in East (9) 10 Attraction outside church Rex the dog (7) 11 Deranged king keeping the strap for
      358 words
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  • SME
    • Article, Illustration
      Lock icon Brewing change in tea business
      1383 36  -  Teabox aims to be a changemaker in both its supply chain and the way it engages customers. BY PRISCA ANG customers.BY PRISCA ANG prisang@sph.com.sg TO tea-lovers, the beverage is just a welcome refreshment, the simple yet delightful product of tea leaves soaked in a hot
      1,383 words
    • Article
      Lock icon The importance of a good board of directors for SMEs
      1506 36  -  A good board can play a significant role in the governance, growth and development of an SME. BY EUGENE WONG COMMENTARY SME.BY EUGENE WONG T The writer is the founder of Sirius Venture Capital Pte Ltd. He is a leadership
      1,506 words
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  • EMERGING ENTERPRISE 2015
    • Article, Illustration
      Lock icon The importance of financial acumen
      1065 37  -  It will better equip SME bosses to lead and overcome challenges at various stages of business growth. BY MINDY TAN stages growth.BY MINDY TAN tanmindy@sph.com.sg @MindyTanBT A SMALL and medi-um-sized enterprise (SME) receives an inquiry from a large multinational company with the opportunity to secure
      PHOTO: ARTHUR LEE  -  1,065 words
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      121 37 With up to S$1.6m worth of prizes, you’ll have the support you need to realise your business plans. Applications close on June 9, 2015. Apply today at www.EEaward.com L L 6JOCBC Bank UNLOCK GREATER VALUE FOR A HEAD START WITH BUSINESS FIRST ACCOUNT Apply for the Business First Account now.
      121 words
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      247 38 <* \»|kL ,ifv 4v^»v: V V*v rv •awf.^ *LT, t tJr f v r 4 1 \r 4- -*i* ,u; y c-.f v 7 V. flk.' V~l **V .T >*♦ J5rS$£ 4* 'X €|p; x*- .<■•. 9 V.V.> > VXv. 41 ijv >- ->■■ \ZTrh x vj* <Jt A t%
      247 words