The Business Times, 23 April 2015

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Microfilm: NL33464
Total Pages: 32
1 32 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G OoBlBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 Thursday, April 23,2015
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  • DAILY DIGEST
    • Article
      Lock icon The COE premium
      18 1 for big cars rose, while that for motorcycles climbed to yet another high.TOP STORIES 2
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    • Article
      Lock icon Noble Group pledged
      22 1 greater transparency on Wednesday, announcing plans to increase disclosures commencing with its first quarter 2015 results. TOP STORIES 4
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    • Article, Illustration
      Lock icon As part of the smart nation
      24 1 push, the IDA will launch a heterogeneous network trial at Jurong lake District this year. TOP STORIES 6
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    • Article
      Lock icon Cache Logistics
      21 1 Trust reported a 0.3 per cent rise in Q1 distribution per unit to 2.146 Singapore cents. COMPANIES MARKETS 7
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    • Article
      Lock icon CapitaCommercial Trust’s
      31 1 40 per cent owned CapitaGreen office development completed late last year is 76.4 per cent leased but will start contributing to distributable income only next year. COMPANIES MARKETS 9
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    • Article
      Lock icon To buy an average house
      29 1 in London today, you need to earn over £100,000 a year, more than three times the average salary in the capital. REAL ESTATE /14
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    • Article
      Lock icon For the first time
      27 1 in 15 years, JPMorgan Chase Co increased the yuan’s weighting in its foreign exchange indexes, meanwhile lowering the US dollar’s. BANKING FINANCE 16
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    • Article
      Lock icon Yahoo’s Q1 revenue fell
      16 1 4 per cent to US$1.04 billion, missing analysts’ average prediction. TECHNOLOGY 18
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    • Article
      Lock icon Australian consumer prices
      30 1 rose at the slowest pace in almost three years last quarter as petrol prices plunged, though education and healthcare expenses kept core inflation above forecasts. GOVT ECONOMY/21
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  • Article
    Lock icon MARKETS
    26 1 Wednesday Change STI 3,496.24 -12.37 KL COMP 1,854.77 -8.03 NIKKEI 225 20,133.90 +224.81 HANG SENG 27,933.85 +83.36 SHENZHEN B 1,354.84 +15.52 DOW(noon EDT) 17,990.59 +41.00
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  • Article
    Lock icon Tech stocks still not investors’ darlings
    1124 1  -  Listed tech companies are valued on metrics such as revenue and market share, even if they aren’t profitable; S’pore investors still look at PE ratios By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore MENTION tech stocks, and chances are Singapore stocks will not immediately spring to
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  • Article, Illustration
    Lock icon Forming AIIB is a ‘step in the right direction’: PM Lee
    848 1  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Jakarta THE proposed Asian Infrastructure Investment Bank (AIIB), of which China is the chief architect, is a “step in the right direction” as the search for a new global economic order continues, says Prime
    PHOTO: AFP  -  848 words
  • Page 1 Advertisements
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      90 1 Hill 8 '*****1 *****4 HOUSING GLUT Johor property slowdown expected to bite harder REAL ESTATE 12 SINGAPORE INC Lee Kuan Yew’s governance: Case studies of enterprise risk management OPINION 28 JAPANESE ECONOMY Trade surplus in March after 3 years of deficits TOP STORIES 4 STRATEGY FOR GROWTH SGX looks again
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  • TOP STORIES
    • Article
      Lock icon Big-car COE premium up; goods vehicles’ slumps
      451 2  -  Category A premium seems to have softened because this segment draws more price-sensitive customers By Samuel Ee samuelee@sph.com.sg Singapore THE COE (Certificate of Entitlement) premium for big cars rose, while that for motorcycles climbed to yet another record high, in the latest bidding
      451 words
    • Article, Illustration
      Lock icon Tech, you’re IT
      196 2  -  BT Infographics By Jacquelyn Cheok Like in the playground game Tag where one or more players chase other players in an attempt to touch them and say "Tag, you're it!", Singapore is playing catch-up. Its IT landscape, which remains dominated by manufacturing and electronics stocks, is one
      Source: SGX Stockfacts, Nasdaq, NYSE, ASX, Bloomberg (correct as at Apr 23, 2015); Photo: Bloomberg; BT Graphics: Jennifer Chua  -  196 words
    • Article, Illustration
      Lock icon Globalisation has brought Asia, Africa closer
      786 2  -  PM Lee stresses that more needs to be done for the region to appreciate what the continent has to offer Reports by Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Jakarta AFTER Singapore became independent 50 years ago, the government sent missions to various African countries to explore
      PHOTO: AFP  -  786 words
    • Article
      Lock icon Indonesia wants foreign investments to develop infrastructure: PM Lee
      432 2 Jakarta INDONESIA hopes that more foreign investors, including those from Singapore, will see the value of investing in South-east Asia’s largest economy in the coming years. Singapore Prime Minister Lee Hsien Loong, who met Indonesian President Joko Widodo in Jakarta on
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    • Article, Illustration
      Lock icon Noble pledges more disclosure, starting with Q1 2015 results
      1134 4  -  The move comes in the wake of reactions to its AGM last Friday By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore NOBLE Group pledged greater transparency on Wednesday, announcing plans to increase disclosures commencing with its first quarter 2015 results. The move
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    • Article, Illustration
      Lock icon Japan posts trade surplus after 3 years of deficits
      673 4  -  By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN logged a surplus in its merchandise trade for the first time in nearly three years last month, as export values rose and those of imports declined, giving what analysts said was a welcome shot in
      PHOTO: BLOOMBERG  -  673 words
    • Article
      Lock icon Ascendas China Business Parks Fund 4 launched
      331 4  -  Fund to invest in a portfolio of premium business park assets in Shanghai, Suzhou and Xi'an By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore INDUSTRIAL real estate developer Ascendas has launched its Ascendas China Business Parks Fund 4 (ACBPF 4) with its final closing at
      331 words
    • Article, Illustration
      Lock icon More shared platforms could be set up for SMEs
      559 4  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore THE government could unveil more shared-services platforms for use by small and medium-sized enterprises (SMEs), depending on their reception to the shared human-resources (HR) platform run by SPRING Singapore. These shared platforms could be in
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    • Article, Illustration
      Lock icon Enhanced connectivity trials in Jurong Lake District to be launched in Q3
      848 6  -  HetNet trials are part of Smart Nation initiative and will give proof of concept of providing seamless connectivity to internet By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore AS part of Singapore’s Smart Nation push, the Infocomm Development Authority
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    • Article
      Lock icon Singapore consumer confidence inches up
      268 6  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore SINGAPORE consumers have become slightly more confident in April, according to the ANZ-Roy Morgan Singapore Consumer Confidence survey. The monthly survey index was at 125.7 points in April, up 1.2 points from March. The survey began in January 2014.
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      80 3 20 years in Singapore. 210 years of independence, stability and a proven track record in wealth management. Asset Management Wealth Management Asset Services Pictet would like to thank clients and colleagues for a successful 20 years in Singapore. j;: U II l» mi □33TR a h n m ■gc yfl
      80 words
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      25 4 One man’s junk is another man’s treasure Shop second-hand or sell your possessions in CLASS 162 To advertise, call the Print Classified Hotline: 1800-289 9988
      25 words
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      632 6 Enhance Interpersonal Relationships For A Fulfilling Work Environment Who should attend: Middle to Senior Management, Team Leaders Supervisors and Marketing Sales Professionals. FULL-DAY WORKSHOPS A Rock Solid Client Relationship Click With People Quickly, Even Those You Don't Fancy Positive relationships create the foundation for success for individual as well as
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  • COMPANIES & MARKETS
    • Article
      Lock icon Cache Logistics Trust Q1 DPU up 0.3%; revenue rises 1.6%
      366 7  -  Reit to continue to focus on maximising occupancy, seek acquisitions in S’pore, Asia-Pac By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore CACHE Logistics Trust on Wednesday reported a 0.3 per cent increase in distribution per unit (DPU) to 2.146 Singapore cents for
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    • Article
      Lock icon Changi City Point boosts FCT’s Q2 results
      330 7  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore FRASERS Centrepoint Trust (FCT) on Wednesday reported a 2.9 per cent increase in distribution per unit (DPU) to 2.963 Singapore cents for its second quarter ended March 31, 2015. It had paid out 2.88 Singapore cents a
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    • Article, Illustration
      Lock icon Cambridge trust’s Q1 DPU slips 2.1%; annualised yield of 7%
      656 7  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore CAMBRIDGE Industrial Trust (CIT) reported a 2.1 per cent year-on-year slip in distribution per unit (DPU) to 1.225 Singapore cents for the first quarter ended March 31. This translates to a 7 per cent
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    • Article
      Lock icon Mapletree Commercial Trust’s Q4 DPU up 2.4%
      446 7  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore DESPITE the generally slower retail market, Mapletree Commercial Trust has posted a 2.4 per cent increase in distribution per unit (DPU) to two cents for its fourth quarter ended March 31, 2015. It had paid out 1.953
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    • Article
      Lock icon SGX looks again to draw from China well
      522 8  -  Exchange explains strategy as securities business halts slide; its Q3 profit rises 16.4% to S$88.2m By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE Exchange (SGX) is turning once more towards China as a key source of growth after a few wary years marred
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    • Article
      Lock icon Employers spend more on benefits but perceived value low: study
      593 8  -  By huangjy@sph.com.sg Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore EMPLOYERS in the Asia-Pacific are spending more on staff benefits but most of them think their efforts are not highly valued by their employees. Findings from professional services company Towers Watson’s 2015 Asia
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    • Article
      Lock icon Creative’s Q3 loss widens
      324 8  -  By Fiona Lam fionalam@sph.com.sg Singapore CREATIVE Technology’s net loss widened by more than a third to US$ 11.7 million for the third quarter ended March 31, 2015, from S$8.8 million a year ago. The higher net loss was due mainly to other losses (net) of US$4.7
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    • Article, Illustration
      Lock icon CCT to start reaping distributable income from CapitaGreen only next year
      848 9  -  Property is 76.4% leased and is targeted for full occupancy by end-2015; CCT’s Q1 DPU up 3.9% at 2.12 Singapore cents By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore CAPITACOMMERCIAL Trust’s 40 per cent owned CapitaGreen office development completed late last
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    • Article
      Lock icon Asean Economic Community will see rise in trade flows: OCBC chief
      416 9  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE upcoming launch of the Asean Economic Community this year will see an increase in trade flows but also more problems like money laundering and fraud, said Samuel Tsien, OCBC Bank chief
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    • CORPORATE DIGEST
      • Article
        Lock icon Sembcorp Marine
        76 9 MARINE and offshore engineering group Sembcorp Marine said its subsidiary Sembawang Shipyard has secured a S$56 million contract from marine transportation firm Teekay to convert a shuttle tanker into a floating storage and offloading ship. The ship is expected to arrive at Sembawang Shipyard in June 2015, with
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      • Article
        Lock icon Viva Industrial Trust
        78 9 VIVA Industrial Trust has posted a distribution per stapled security of 1.87 Singapore cents for its first quarter ended March 31, 2015 8.6 per cent higher than its payout a year ago. Gross revenue rose 20.8 per cent to S$18.1 million, due to higher rental contribution from
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      • Article
        Lock icon United Envirotech
        89 9 WATER treatment company United Envirotech (UEL) signed an agreement on Wednesday with the Haimen City Linjiang New District Management Committee to invest US$30 million to build and operate an industrial wastewater treatment plant using UEL’s membrane bioreactor technology in Haimen City, China. The plant will have a capacity
        89 words
      • Article
        Lock icon Cosco Corporation
        53 9 COSCO (Dailian) Shipyard Co, a subsidiary of Cosco Corporation (Singapore)’s 51 per cent-owned subsidiary Cosco Shipyard Group Co, has secured a floating production storage and offloading vessel (FPSO) conversion contract worth about US$95 million from MODEC Offshore Production Systems (Singapore). The converted FPSO vessel is scheduled for delivery
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      • Article
        Lock icon Serial System
        106 9 ELECTRONIC components distributor Serial System’s application for the voluntary delisting of Taiwan Depository Receipts (TDR) has been approved by the Taiwan Stock Exchange. The delisting will be effective on May 13, 2015, and will not affect the listing of the company’s shares listed on SGX. For the purpose
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    • Article
      Lock icon UK supermarket Tesco plunges into the red
      450 9 AFP London BRITAIN’S biggest retailer, supermarket group Tesco, announced on Wednesday that it had plunged into a record loss last year as it took a huge writedown on the value of its property. Tesco, which was hit by a major crisis last October
      AFP  -  450 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 10 STI Catalist Straits Times Index April 22,2015 3,496.24 -12.37 (-0.35%) Current streak 1 day Day high 3,508.50 Day low 3,487.71 52-week high 3,539.95 (Apr 15, 2015) 52-week low 3,154.21 (Oct 16, 2014) FTSE ST Catalist index April 22,2015 742.34 -12.99 (-1.72%) Current streak 1 day Day high 757.31 Day low
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    • Article, Illustration
      Lock icon Blue chips, penny stocks ease amid low volume
      638 10  -  Retail brokers cite sudden loss of upward momentum in Hong Kong and Wall Street STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index fell 12.37 points to 3,496.24 on Wednesday, dragged lower by expectations of weakness ahead on Wall Street which
      Source: Bloomberg  -  638 words
    • Article
      Lock icon STI STOCKS
      322 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 263 +5 265/258 269 219 5.4 6649.6 CapitaLand 366 cd +1 368/363 371 293 13.4 2.5 *****.6 CapitaMall Trust 225 cd +1 225/221 228 188.5 4.8 7805.3 CityDev 1035 cd -9 1044/1032
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    • Article
      Lock icon MOST ACTIVE
      34 10 VOLUME Jaya 68,889,700 WE 58,726,500 Charisma Energy 55,285,300 SIIC Environment 49,475,500 IHC 46,581,800 Market volume 1,945,121,000 VALUE Singtel 80,076,876 DBS Grp 64,216,781 SGX 61,999,595 UOB 57,689,161 Global Logistic 50,637,416 Market value 1,199,878,000
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    • Article
      Lock icon SGX ETFs
      108 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap UETF SSE50China 314 +7 319 314/307 314/140 311/314 98.1 IS MS India US$ US753 -15 201 767/750 1000/636 757/761 94.1 Nikko AM STI ETF 356 -1 199 357/356 422/324 355/357 8.6 STI ETF 350 -1 77
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Apr 22 VALUE CLOSE BT OB/OS 291.00 -153.00 BT CADI -*****.00 -103.00 BT 10-day MA -*****.00 +29.00 FTSE ST Mid Cap 805.45 +0.09 FTSE ST Small Cap 504.03 -2.56 FTSE ST All Share 840.38 -2.55 FTSE ST China Top 210.01 -0.56 FTSE ST China 243.79 +0.36 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 10 STI FTSE ST All-Share ftse ST All-Share index April 22,2015 840.38 -2.55 (-0,30%) Current streak 1 day Day high 842.81 Day low 838.97 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 10 STI MSCI EAFE MSCI EAFE index April 21,2015 1,911.14 +13.31 (+0.70%) Current streak 2 days Day high 1,915.57 Day low 1,897.92 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 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 10 0 0 0 0 5 10 0 Manufacturing 35 70 39 15 11 10 50 81 49 Commerce 21 24 22 4 8 3 25 32 25 Tpt/Stor/Comms 8 22 11
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 29,167 29,167 95,473 95,473 Manufacturing 240,328 62,683 303,011 103,886 6,371 110,257 Commerce 100,194 139,731 239,925 97,285 3,353 100,638 Tpt/Stor/Comms 194,699 7,402 202,101 198,896 584 199,480 Finance 38,579 146 38,725 236,491 43 236,534 Construction 99,656 58,781
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    • Article
      Lock icon GAINERS
      75 10 BY CENTS CLOSE UP 52w high/low IS S&P500 US$ ***** 247.9 0.9 *****/***** DBXT MSJAP US$ 5256 102.4 1.5 5266/4291 DBXT China50 US$ 4172 90.3 1.6 4203/2699 DBXT MSCHINA US$ 1724 60.6 2.7 1728/1145 GLD US$ ***** 41.8 0.3 *****/***** BY PERCENTAGE CLOSE UP 52w high/low Chinese Global 1.2
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    • Article
      Lock icon LOSERS
      73 10 BY CENTS CLOSE DOWN 52w high/low DBXT Nifty US$ ***** -758.6 -4.0 *****/***** Lyxor MS Idia US$ 1680 -84.9 -3.6 1840/1408 Jardine C&C 4220 -45.0 -1.1 4901/3850 Keppel Corp 897 -39.0 -4.2 1115/791 Boustead 149 -26.0 -14.9 195/146.5 BY PERCENTAGE CLOSE DOWN 52w high/low CN*****MBePW*****0 0.8 -63.6 -1.4 18.6/0.8
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    • Article
      Lock icon UNUSUAL ACTIVITY
      85 10 VOL CLOSE($) CHANGE ACH ADR US$ 3.28 15.670 +2.750 +21.29 Alpha Energy 12,095.0 0.205 -0.070 -25.46 Pan Asian 211.0 0.045 +0.008 +21.62 Zhongxin Fruit 50.0 0.018 -0.005 -21.74 China Yuanbang 1,051.0 0.056 -0.016 -22.22 Chinese Global 20.1 0.012 +0.007 +140.00 Joyas Intl 4,640.9 0.025 -0.004 -13.79 Fuji Offset
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    • BROKERS’ TAKE
      • Article
        Lock icon IPS Securex Holdings
        132 10 Buy April 22 close: S$0.48 Target price: S$0.63 rhb Research, April 21 IPS officially commenced HS-Micro security products co-manufacturing in Singapore, with its main role to source for locally-produced encasing and/or shields, and product assembly With IPS still expanding its range of products rapidly and going into
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      • Article
        Lock icon Mapletree industrial Trust
        180 10  -  Compiled by Kenneth Lim Buy April 22 close: S$1.62 Target price: S$1.68 DBS Group Research, April 22 Mapletree Industrial Trust (MINT) reported a strong set of results Contribution from recent development project The Equinix will be the main earnings driver in FY16 while underlying portfolio is expected
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      • Article
        Lock icon Midas Holdings
        143 10 Buy April 22 close: S$0.375 Target price: S$0.50 Maybank Kim Eng Research, April 22 We believe investors’ misgivings about potential market-share losses and margin squeeze after the CSR/CNR merger are unwarranted. This is because: 1) the entire industry is in good shape; 2) we believe Midas’s ability to
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    • Article
      Lock icon CALENDAR
      18 10 DATA I 1pm (April 23) Singapore Consumer Price Index I 9.30pm (April 23) US Initial Jobless Claims
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    • Article
      Lock icon Euro steadies, A$ up on inflation data
      408 11 CURRENCIES London THE euro recovered some ground against the dollar on Wednesday in the absence of major news on Greece, while the Australian dollar rose after inflation data suggested that an interest rate cut was not imminent. In a subdued session for most
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    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Apr 22 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.952 4.819 0.724 6.026 48.912 100.335 0.930 8.397 2.813 1.009 78.956 34.391 1.048 9.422 0.743 24.144 25.177 0.521 0.778 Canada 1.051 5.063
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      • Article, Illustration
        Lock icon HANG SENG
        2 11
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      • Article, Illustration
        Lock icon NIKKEI
        1 11
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 11
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      • Article, Illustration
        Lock icon DOW JONES
        2 11
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      • Article
        Lock icon INTERBANK CURRENCY RATES Apr 22
        155 11 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0472 1.0489 0.7772 0.7779 Canadian dollar 1.1005 1.1018 0.8171 0.8167 Euro 1.4476 1.4491 1.0744 1.0747 NZ dollar 1.0378 1.0391 0.7702 0.7706 Sterling pound 2.0121 2.0140 1.4933 1.4936
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Apr 22 S$ Bid Offer 1-month 1.3480 1.3491 2-months 1.3488 1.3501 3-months 1.3495 1.3510 6-months 1.3510 1.3524 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        216 11 Most active Apr 22 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Innopac Holdings W*****0 0.2 0.1 8200 1 1 31 Rowsley Ltd W*****3 3.9 -0.1 6962 1 18 18 UOB MB eCW*****1 13.9 -0.7 4922 0.1 2380 3
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 11 In local curr In S$ In US$ dy yr dy yr dy yr Apr 21 Index Change Change Change Change Change Change World Preliminary 1358.7 0.2 6.5 0.3 6.3 0.2 4.2 EAFE Preliminary 1117.6 0.8 13.3 0.8 9.8 0.7 7.7 Europe Preliminary 1571.1 0.4 13.7
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        395 11 Apr 22 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.10 *****.62 *****.72 Apr15 *****.00 *****.00 *****.00 *****.00 *****1 *****4 May15 *****.00 *****.00 *****.00 *****.50 ***** ***** NIKKEI 225 INDEX FUTURES SPOT *****.84 *****.66 *****.00 Jun15 *****.00 *****.00 *****.00 *****.00 ***** *****1 Sep15
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    • BANK RATES
      • Article
        Lock icon SIBOR
        36 11 Apr 22 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 11 Apr 22 $S Offer Bid 0vernight 0.04 0.02 1-month 0.75 0.625 2-months 0.8125 0.6875 3-months 0.875 0.80 Overnight mode: 0.45 US$ Offer Bid 7 days 0.17 0.07 1 month 0.23 0.13 2 months 0.28 0.18 3 months 0.40 0.20 6 months 0.60 0.40 9 months 0.70 0.50 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        69 11 Apr 22 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.56 102.62 102.58 5-Year N*****0H 1.625 01-Oct-19 100.39 100.38 100.30 10-Year NY*****H 3.000 01-Sep-24 107.13 107.08 106.60 15-Year NY*****E 2.875 01-Jul-29 105.2 104.65 104.65 20-Year NZ*****V 3.375 01-Sep-33 110.92
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 11 Apr-21 Price Net change change Last Trade Agricultural Apr-21 CBOT Soybeans (US cents/bu) 975.25 -2.25 -0.23% 14/05/2015 CBOT Soybean Oil (US cents/lb) 31.82 0.23 0.73% 14/05/2015 CBOT Wheat (US cents/bu) 500.75 2.00 0.40% 14/05/2014 Apr-21 LIFFE Cocoa (£/tonne) 1902.00 -3.00 -0.16% 13/05/2015 LIFFE Coffee (US$/tonne) 1801.00 -3.00 -0.17%
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      144 7 r sr >• 1 C r ••*4 n T 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 “medicine-made-simple” articles featured in The Business Times Weekend every fortnight. Date:
      144 words
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      229 8 MASTERCLASS SERIES: ACHIEVE A BREAKTHROUGH IN YOUR SALES PERFORMANCE I I I Everyone, including YOU, can do well in sales with the RIGHT STRATEGY! Join us as our speaker, Jensen Siaw, a motivational speaker and performance breakthrough coach shares through a highly engaging and dynamic coaching session to augment your
      229 words
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      Lock icon Page 9 Advertisements Column 1
      630 9 An Open Letter to all shareholders of Nobel Design Holdings Ltd 23 April 2015 Dear Shareholders I am Bert Choong Chee Peng, the founder and former executive chairman of SGX-listed Nobel Design. I am writing this letter to you to appeal to your good judgement on important issues facing the
      630 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Johor property slowdown expected to bite harder
      701 12  -  The oversupply will be worsened by a pipeline of 2015/16 projects and those where construction hasn’t started By Pauline Ng btworld@sph.com.sg Kuala Lumpur FOLLOWING a marked slowdown in demand for property in Iskandar Malaysia, property players expect further signs of a slowdown in
      PHOTO: REUTERS  -  701 words
    • Article
      Lock icon HK skyscrapers ask world’s highest office rents
      399 12 BLOOMBERG London OFFICES on the highest floors of skyscrapers in Hong Kong are the most expensive in the world to lease, costing 66 per cent more than in New York. High-rise properties cost US$251 a square foot in Hong Kong, after rents climbed
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      Lock icon Luxe HK home prices still rising
      406 12 REUTERS Hong Kong HONG KONG’s stock market surge is turning up the heat in one of the world’s most expensive property markets, as mainland China investors plough quick profits into million-dollar mansions in what analysts say may be a record year for home sales.
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      Lock icon Big Apple developers cast around for China partners
      701 13 Chinese institutions are becoming a formidable force in the city for their stockpiles of cash for investing BLOOMBERG New York NEW York City developers including Vornado Realty Trust and Related Companies are seeking Chinese partners for new projects, according to top executives
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      Lock icon Honolulu condos too pricey for residents
      1186 13 BLOOMBERG Los Angeles HINALEIMOANA Wong-Kalu has crossed swords with developers on behalf of native Hawaiians for most of her life, and spent the past eight years protecting the souls of departed ancestors as a member of the Oahu Island Burial Council. This year, she
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      Lock icon Owning a home is a faraway dream for young Londoners
      1134 14 Rising prices and the slow pace of building new houses are reshaping the market REUTERS London LAST weekend, London couple Vicki Clayton and James Renhard left behind cramped bedrooms that smelt of smoke, housemates who stole their food and a
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      Lock icon Aussie realty sector exposed to laundering risk
      301 14 REUTERS Sydney AUSTRALIA needs to tighten safeguards against money laundering in its booming property market, which has attracted Chinese funds with likely links to corruption, an international anti-money laundering body said in a report released late on Tuesday. The intergovernmental Financial Action Task
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      Lock icon Rents of single-family homes in US to rise 5.7% this year
      373 14 BLOOMBERG Los Angeles THE largest US single-family home landlords plan to raise their rents as much as 5.7 per cent this year as they shift focus from buying properties to boosting their bottom lines. “In the 2015 rental season,
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      Lock icon Scorpio East building on Tai Seng Avenue put up for sale
      411 14  -  By Prisca Ang prisang@sph.com.sg Singapore A SEVEN-STOREY industrial building situated at 25 Tai Seng Avenue has been put up for sale by expression of interest. The building, Scorpio East, has an indicative price of S$30 million. Standing on a
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      Lock icon Booking.com settles pricing issues with France, Italy hotels
      404 14 AFP Paris HOTEL reservation website Booking.com has agreed to allow hoteliers in France, Italy and Sweden to charge cheaper prices elsewhere after a spate of legal challenges, the French competition authority said on Tuesday. Up to now, Booking.com has prevented hotels that
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      Lock icon A stately house full of history and tragedy
      1049 15  -  Parts of Tekigaiso, home of Japan’ pre-war prime minister Fumimaro Konoe, is scheduled to be opened to the public during special events. ARCHITECTURE By Chikara Shima WP Tokyo A SENSE of the Showa era floated inside the heavy gates of Tekigaiso, the
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      1370 15 Property transactions for districts 1 to 28 with contract dates between March 11 and March 17,2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED Marina One Residences Apt 17/03/2015 99 700 1685 2409 V On Shenton Apt 13/03/2015
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      156 12 For the 1st time, fully fitted clinics for lease (limited period only) Flexible clinic sizes ranging from 700 to 1500 square feet For an exclusive viewing, please contact our leasing team 6434 9808 audrey.seen@plpl.com.sg 6434 9832 keith.koh@plpl.com.sg One Orchard Boulevard camden.com.sg Unique Conservation Shophouse CBD AREA FULL COMMERCIAL NO ABSD
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      151 12 $1.50psf $350psf ONWARDS PAYA UBI INDUSTRIAL PARK LEASE SALE 200 to 7,500 sq ft Own parking space (not inclusive in listed area) Tel: 9090 2222 Office: 53 Ubi Avenue 1 #01-11 ii A Singapore Based Boutique Real Estate Broker Focusing on Commercial Real Estate In Central Region Of Singapore Regional
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      220 12 Australian Property Finance Have you recently bought an Australian property and need a loan to complete the transaction? Already own and want to ensure you have the best loan? CONTACT SPECIALIST MORTGAGE HERE IN SINGAPORE FOR FREE IMPARTIAL ADVICE TO REVIEW ALL OF YOUR OPTIONS. Web www.smats.net Email smats@smats.net 10
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      60 12 BkvmS: k»A.« Minutes toTPE, PIE and airport 139,000 sqft (Subdivisible) Signage rights for anchor tenant Move-In Condition with overhead cranes Suitable for aerospace, distribution Centre, Engineering, High-End Manufacturing 6100 6033/8333 1338 ask@propertybank.com.sg License No. L*****52H IProperlySBank Bank On Us For Properties Show Off Your Prize Bull Call 1800 289 8822
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      307 13 Japan freehold residential buildings *0$,' ASKING PRICE JPY 280 mil USD 2.3 mil ltabashi-ku 8-min walk to Oyama station Site Area 311.3 sq m Completed in 1991 22 Units Near Ikebukuro Est. gross yield 7% 4 Z W <• u ASKING PRICE JPY 480 mil USD 4 mil Saitama-shi Greater
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      115 13 FOR SALE Western Australia’s best mixed use development site PERTH CBD SCARBOROUGHBEACHROAD WESTCOASTHIGHWAY Luna Maxi Site Scarborough Beach, WA Massive 17,695sqm* development site Iconic Scarborough Beach ocean front location Inner metropolitan location only 13km* from Perth CBD Centrepiece of State Government master planned precinct Significant Scale with multiple development options
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      274 14 and Interest rates rises have historically caused volatility in capital, investment and asset markets. How will equities, bonds, commodities and currencies react to this upcoming interest rate rise? Will HK H shares and China A shares continue to soar? How will higher interest rates affect the AH premium equilibrium? byGabriel
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      63 14 H O T PR O PERTY GRAND BLACK/WHITE GCB Peranakan Heritage theme Garden/ 5bed+2/outhouse 20,000 land 10,000 built Airy Spacious Special! BELMONT RD TROPICAL Bunglw Lush gdn 5+1+1+ family/ large patio/ pool. $32K. BOTANIC GDN MRT. 3 Sty Bunglw. Approx 7400 sqft. 5+1 ensuite. Lift, Pool. Ow-ner LANDED PROPERTIES FOR
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  • BANKING & FINANCE
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      Lock icon JPMorgan boosts yuan’s weight, lowers US$’s in currency indexes
      623 16 Bank’s change emblematic of China’s drive to make renminbi suitable currency for global trade and finance BLOOMBERG New York CHINA’S efforts to challenge the hegemony of the US dollar just got a boost from JPMorgan Chase Co. For the first time
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      Lock icon Philippine banks outclass S-E Asian peers in valuations
      320 16 REUTERS Manila THE Philippines’ biggest banks may be the smallest lenders in South-east Asia by market cap, but they are now more expensive than their peers in the region, stoked by a steady inflow of foreign investor funds and a bullish economic
      REUTERS  -  320 words
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      Lock icon Blackstone CEO sees ‘excess’ in Chinese stock market
      339 16 BLOOMBERG New York BLACKSTONE Group LP’s Steve Schwarzman said the Chinese stock market shows signs of excess as the population ploughs savings into it while economic growth slows. “We’re now finding retail investors with multiple brokerage accounts and margin loans and indicia
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    • Article
      Lock icon Big banks’ Q1 trading revenue prompts cautious optimism
      560 16 REUTERS London TRADING revenue from the world’s biggest banks showed signs of recovery in the first quarter as financial market volatility boosted dealing room profits after years of attrition. Though income has been only modestly higher than the same period last year,
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      Lock icon Speed trader arrested in UK over role in 2010 US ‘flash crash’
      756 16 He had used automated programs to execute his scheme REUTERS Washington A HIGH-FREQUENCY trader was arrested in the UK over his alleged role in the May 2010 “flash crash” that briefly wiped out nearly US$ 1 trillion in
      REUTERS  -  756 words
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      103 16 In the Matter of The Companies Act, Cap. 50 And In the Matter of 1. Ong Brothers Realty (Pte) Ltd (Company No. *****1798G) 2. Flash N Splash Pte Ltd (Company No. *****5822H) (In Members’ Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that the Final Meeting of each
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  • ENERGY & COMMODITIES
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      Lock icon Commodity traders look to resume exports to Iran
      689 17 Apart from petrol, Teheran had been a big buyer of grains and sugar till sanctions intervened WP London The world’s largest commodity trading houses are first in line to profit from the much expected return of Iran to global markets as Teheran
      WP  -  689 words
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      Lock icon Cofco to enter grain super league with IPO
      603 17 REUTERS Lausanne, Switzerland CHINA’S Cofco, the commodity consuming giant’s state-run grain trading company, is planning to list within three to five years, a move that would catapult it into the select stable of companies dominating global agricultural trade. In just over a
      REUTERS  -  603 words
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      Lock icon BHP Billiton delays output boost as iron ore prices fall
      606 17 REUTERS Sydney BHP Billiton said on Wednesday it would delay an expansion of its iron ore output to 290 million tonnes a year, becoming the first big miner to slow a planned production increase amid a plunge in prices. The
      REUTERS; PHOTO: REUTERS  -  606 words
    • Article
      Lock icon Crude prices won’t dip below US$50, says world’s top trader
      303 17 BLOOMBERG London VITOL Group, the world’s biggest independent oil trader, said crude prices won’t dip below US$ 50 a barrel for sustained periods because that’s a level some producers need in order to invest in new supplies. “We still subscribe
      BLOOMBERG  -  303 words
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      1548 17 The Business Times NOTICES SUNRIGHT SUNRIGHT LIMITED Company Registration Number *****0523M (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of SUNRIGHT LIMITED (the “Company”) will be held at Room 801, Level 8, No. 1 Marina Boulevard, NTUC
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  • TECHNOLOGY
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      Lock icon Yahoo Q1 revenue misses analysts’ forecasts
      807 18 Sales decline 4% as new channels, partners and content deals fail to bring in users, advertisers BLOOMBERG San Francisco YAHOO! Inc’s first-quarter revenue fell short of analysts’ estimates, underlining chief executive officer Marissa Mayer’s challenge in attracting advertisers even as the Web portal adds
      BLOOMBERG; PHOTO: AFP  -  807 words
    • Article
      Lock icon Comcast role in aborted Hulu deal raises questions for regulators
      828 18 NYT New York IN July 2013, executives from the three companies that co-owned Hulu Comcast, 21st Century Fox and Walt Disney had a conversation about their joint venture. Hulu, the video streaming service, had been on the auction block, and
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      Lock icon Google probe in EU props up stocks of Russian competitor
      564 18 REUTERS New York THE European Union’s antitrust probe into Google sparked a big rally in Russian search engine Yandex NV last week, even though the “Russian Google” still faces significant challenges, competitive and otherwise. Yandex has amassed a US$6.54 billion
      REUTERS; PHOTO: REUTERS  -  564 words
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      60 18 The Premier Platform for Gifts Sourcing flSGPFair Singapore Gifts Premiums Fair 2015 29-31 JULY 2015 Marina Bay Sands Expo Convention Centre, Singapore www.SGPFair.com EXHIBIT PROFILE Sports Leisure Trophies Awards Etc. V V V o s? •-> Interested to exhibit? Tel: (65) 6848 5938 Email; SGPFair@bizlink.com.sg Organised By: BIZLINK Exhibition Services
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  • CONSUMER
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      Lock icon Big China shift from luxury to consumer goods
      678 19 Demand for mainstream items grows with the Chinese looking online to America for reliability and brand authenticity BLOOMBERG San Francisco LOOK out Gucci and Prada. China’s zest for Western products, which has made it the leading market for luxury goods since 2012,
      BLOOMBERG; PHOTO: BLOOMBERG  -  678 words
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      Lock icon The smell of trouble in US perfume industry
      763 19 WP Washington THE fast growth of specialised scents in fabric softeners, household cleaners and body sprays has helped make America, and the typical American, smell sweeter and cleaner than ever. Even storefronts and airlines are rigging up scent machines to bathe customers
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      Lock icon Gucci quarterly sales slump on Asia slowdown
      261 19 BLOOMBERG Paris KERING SA reported a worse-than-ex-pected slump in sales at the Gucci lux-ury-goods brand amid a slowdown in Asia and signalled it will rebalance some prices as a weakening euro widens the differential between regions. Comparable sales at the unit fell 7.9
      BLOOMBERG  -  261 words
    • Article
      Lock icon Big Mac test exposes drawbacks of the job market in distributing wealth
      1169 19  -  By Eduardo Porter NYT New York SOME 15 years ago, searching for a consistent way to compare wages of equivalent workers across the world, Orley Ashenfelter, an economics professor at Princeton University, came upon McDonald’s. The uniform, highly
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  • GOVERNMENT & ECONOMY
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      Lock icon Aussie inflation benign in Ql, no bar to rate cut
      524 21 But it remains slightly above forecasts due to a sharp rise in education and healthcare expenses REUTERS Sydney AUSTRALIAN consumer prices rose at the slowest pace in almost three years last quarter as petrol prices plunged, though rising education and
      REUTERS  -  524 words
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      Lock icon RBA chief talks down A$, questions benefits of rate cuts
      547 21 BLOOMBERG Sydney AUSTRALIAN central bank chief Glenn Stevens is again talking down the nation’s currency as he questions the benefits of cutting borrowing costs further. The Reserve Bank of Australia (RBA) governor killed off a rally that had taken the
      BLOOMBERG; PHOTO: BLOOMBERG  -  547 words
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      Lock icon Foodbank use reaches one million as UK parties spar over poverty
      469 21 BLOOMBERG London THE number of Britons receiving emergency food handouts has grown for a 10th year, according to a report that threatens to reignite the election debate over who is benefiting from the economic recovery. More than one million
      BLOOMBERG; PHOTO: AFP  -  469 words
    • Article
      Lock icon Forecasts shift to Labour success as polls stay tied
      387 21 WP London WITH slightly more than two weeks before voting in the British election, forecasters are shifting their view of the likely result in Labour’s favour. It’s not because things have changed it’s because they haven’t. Peter Kellner, president of the
      WP  -  387 words
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      Lock icon Honeymoon over for Jokowi as U-turns erode his authority
      871 22 With Indonesian president bogged down in party politics, investors wonder if he has the clout to push reforms REUTERS Denpasar, Indonesia WHEN Indonesian President Joko Widodo wanted to push this year’s Budget through the opposition-domi-nated Parliament, he left it to his
      REUTERS; PHOTO: REUTERS  -  871 words
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      Lock icon First foreign bank in decades opens in Myanmar
      429 22 Central Bank governor describes opening of Japan’s Bank of Tokyo-Mitsubishi UFJ in Yangon as a “new milestone” AFP Yangon THE first foreign bank to operate in Myanmar for decades officially opened the doors of its Yangon branch on Wednesday, the latest government
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    • Article
      Lock icon India plans credit line to fund infrastructure across Asia
      778 22 It is said to have far less cash than China’s Silk Road fund BLOOMBERG New Delhi PRIME Minister Narendra Modi is taking a page from China’s playbook as he looks to widen India’s influence in its neighbourhood only with far less
      BLOOMBERG  -  778 words
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      Lock icon Smog-hit China aims for environmental stimulus
      577 22 REUTERS Beijing DAYS before Beijing cut bank reserve requirements to boost lending to China’s slowing economy, officials in Hebei province met with dozens of banks and steel mills to find financing to revive the local industry and tackle chronic environmental problems. During the meeting
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      Lock icon Xi, Joko lead calls for new developing world order
      513 23 They urge richer countries to increase assistance to developing nations with “no political strings attached” BLOOMBERG Jakarta LEADERS of some of the largest developing nations have called for a new economic order based on their shared interests rather than “obsolete” financial
      BLOOMBERG  -  513 words
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      Lock icon Abe meets Xi, says ties have improved
      539 23 BLOOMBERG Jakarta JAPANESE Prime Minister Shinzo Abe met Chinese President Xi Jinping for the second time in less than six months on Wednesday, in a sign his efforts to turn the page on Japan’s past aggression won’t derail an improvement in ties. The
      BLOOMBERG; PHOTO: REUTERS  -  539 words
    • Article
      Lock icon Thailand could lose 30b baht a year to EU fish import ban
      384 23 AFP Bangkok THAILAND warned on Wednesday that it risked losing nearly US$1 billion a year if the European Union makes good on a threat to ban fish imports from the kingdom unless it does more to halt illegal
      AFP  -  384 words
    • Article
      Lock icon Greek cash can last into June; no deal with EU imminent
      805 23 REUTERS Athens GREECE can scrape together enough cash to meet its payment obligations until June, eurozone and Greek officials said on Wednesday, playing down fears of an imminent default as hopes receded of a deal with its creditors to
      REUTERS  -  805 words
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      Lock icon Existing home sales hit 18-month high
      537 23 LATEST US DATA BLOOMBERG Washington SALES of previously owned homes climbed in March to the highest level since September 2013 as job growth and cheap borrowing costs helped sustain the progress in residential real estate. Closings, which usually take place a month or two
      BLOOMBERG  -  537 words
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      1709 21 The Business Times NOTICES T Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF WEBFLUENZ PTE. LTD. Company Registration No. *****1843W (Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the members of WEBFLUENZ PTE. LTD. held at 190
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      24 23 HITESH THE FIGHTER Hebattlescerebralpalsy, mastersfootball& kickboxing, givesmotivational talks and is nowan author SAROD MAESTRO AND HIS SONS TO WOW S’PORE GET YOUR COPY TOMORROW
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      811 26 Achieving Great Success The Distinguished/Outstanding Award winners complete this campaign and their efforts and resilience in their respective industry have borne fruit in the form of their astounding achievements and success. We believe that this award will spur them to keep up with their hard work to achieve even greater
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  • OPINION
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      Lock icon Getting Congress nod for fast track authority still a difficult task
      518 28 EDITORIAL AFTER many months of doubt and uncertainty, there was finally some good news for those hoping for a swift and successful conclusion of the negotiations over a 12-nation Trans-Pacific Partnership (TPP) deal. Leaders of a key US Senate
      518 words
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      Lock icon China should be letting a hundred defaults bloom
      745 28  -  THE BOTTOM LINE By William Pesek BLOOMBERG THIS week, Kaisa, a former poster child of China’s booming real estate market, made history by becoming the first Chinese developer to renege on dollar loans. The immediate causes of Kaisa’s default are clear enough:
      BLOOMBERG  -  745 words
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      Lock icon A study in enterprise risk management
      1242 28  -  Lee Kuan Yew’s governance gives several case studies of enterprise risk management: Risks were identified, assessed, responded to, controlled, and monitored.BY JAMES C WONG monitored.BY JAMES C WONG T The writer is a consultant in management advisory services. He teaches part-time at the Singapore
      PHOTO: THE STRAITS TIMES  -  1,242 words
    • Article
      Lock icon Investing in a deflationary world
      951 29  -  COMMENTARY By Steve Brice T The writer is chief investment strategist at Standard Chartered Bank’s Wealth Management unit WE live in an abnormal world of falling consumer prices. The phenomenon is so rare that the US, for instance, saw year-on-year price declines only in one
      951 words
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      Lock icon Latin America uses commodities crisis to reshape economy
      694 29  -  By David Smith T The writer attended the World Bank and IMF Spring Meetings as an adviser to the Official Monetary and Financial Institutions Forum (OMFIF) YOU had only to glance at reports issued by the World Bank and International Monetary Fund
      694 words
    • Article
      Lock icon Trading equities overseas is riskier
      314 29  -  LETTER TO THE EDITOR Vincent Khoo I REFER to the report “Quiet S’pore market sends retail investors’ funds overseas” (BT, April 21). Trading equities in overseas markets is riskier than trading equities in the local market because the trading and settlement rules are vastly different
      314 words
    • Article, Illustration
      Lock icon Atmospherics, substance, and US strategic partnerships
      1164 29  -  While there is great personal chemistry between Obama and Modi, India is unwilling to become a junior partner even as it welcomes US global supremacy. BY HARISH MEHTA supremacy.BY HARISH MEHTA T The writer, a former BT senior correspondent, is a historian who has
      PHOTO: REUTERS  -  1,164 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    1001 30 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
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      191 30 USE THIS SPACE TO SELL CALL JOE WONG AT *****327 TO ADVERTISE THE BUSINESS TIMES rr% Shipping times Experienced $h/p maintenance services wanted. Can they find your services here in the Shipping Times? TUB. BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 Spotlight Award Wins Recognition Come publicise
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  • LIFE & CULTURE
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      Lock icon Gun salutes as Queen Elizabeth II turns 89
      369 31 It could happen all over again within days to celebrate the birth of the queen’s fifth great-grandchild AFP London GUN salutes rang out in London on Tuesday to mark Queen Elizabeth II’s 89th birthday, as Britain’s royals eagerly await the newest addition
      AFP; PHOTOS: REUTERS  -  369 words
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      Lock icon 124-year-old cooking club that’s still going strong
      1061 31 NYT Wichita, Kansas TEXAS cattle, Turkey Red wheat and Pizza Hut all helped build this city on the Plains. And in its own quiet way, so has the Thursday Afternoon Cooking Club. For the last 124 years, its members have cooked through generations
      NYT; PHOTOS: NYT  -  1,061 words
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      Lock icon Flawless 100-carat diamond sells for US$22.1m
      444 31 The classic emerald-cut D colour gemstone, mined by De Beers in southern Africa, was bought by an anonymous buyer REUTERS New York AN eye-popping, 100-carat diamond, the highlight of a magnificent jewels sale in New York on Tuesday, sold for US$22.1 million, Sotheby’s auction
      REUTERS; PHOTO: REUTERS  -  444 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      316 31 CRYPTIC CROSSWORD Across 1 Drunken flirting in game? (11) 9 One can’t be trusted after a deal is made (4-5) 10 Pot plant (5) 11 Make a mistake and throw out the drink (6) 12 Hamper holding spare garments (8) 13 Fine quality diamonds worn with a shirt in New
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      89 32 Victory! M < m I i Rolex congratulates Steve Guerdat on his amazing victory at the 2015 World Gup Final in Las Vegas, riding Albfiihren’s Faille de la Roque. Already an Olympic champion with a string of top honours, his first World Cup win confirms his status as one of
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