The Business Times, 25 April 2015

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL33464
Total Pages: 47
1 12 The Business Times
Page thumbnail Page 1
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      57 1 LivingBTTHE BUSINESS TIMES WEEKEND APRIL 25 26, 2015 CURATED CURIOS New lifestyle stores up the hip factor L2-4 PHOTO: HTL INTERNATIONAL DESIGN Launch of luxury Italian brand Gessi L5 DINING Taking dessert to new highs L6-7 STYLE Girls rule at S’pore Fashion Week L8-9 MOTORING Rollouts from Hyundai and Maserati
      57 words
Page thumbnail Page 2 / 3
  • BT Living
    • LIVING
      • Article, Illustration
        Lock icon CURATED CURIOS
        769 2 / 3  -  From precious Italian home fragrances to quirky Bohemian glass creations, new lifestyle stores scour the world for home accents that up the hip factor. By Tay Suan Chiang taysc@sph.com.sg @T aySuanChiangBT Haus of Egg3 164 East Coast Road Opening hours: Tues to Sun, 11am to 8pm www.eggthree.com WHAT
        PHOTOS: TAY SUAN CHIANG  -  769 words
      • Article, Illustration
        Lock icon Homing in on quirky collectibles
        619 2 / 3 WEEKENDS VivoCity, #B1-10 Opening hours: Sun to Wed, 11am to 10pm, Thurs to Sat, 11am to 10.30pm www.weekends.com.sg THE newly opened multi-brand lifestyle shop, WEEKENDS, is hard to miss. Its store facade is made up of numerous wooden apothecary drawers with vintage finishing. Step inside,
        PHOTO: WEEKEND; PHOTOS: WEEKENDS  -  619 words
      • Article, Illustration
        Lock icon Amping up the hip factor
        505 4  -  By Rachel Loi @RachelLoiBT rachloi@sph.com.sg HomesToLife Pop-Up 112 Katong, #03-04/05Z6443 0658 Opening hours: Mon to Fri, 11.30am to 9pm, Sat, Sun, and PH, 10.30am to 9pm www.homestolife.com FROM sofa manufacturing and specialising in B2B sales, homegrown company HTL International has recently taken the plunge into
        PHOTOS: HTL INTERNATIONAL, RACHEL LOI  -  505 words
      • Article, Illustration
        Lock icon Barcelona showcase
        418 4  -  By Tay Suan Chiang Barcelona Transgressive Designers National Design Centre, 111 Middle Road Exhibition: May 2 to May 1 7, 9am to 9pm daily; pop-up store at kapok at NDC: May 18 to June 18, 11am to 9pm daily THE Spanish city of Barcelona is not only culturally
        BARCELONA TRANSGRESSIVE DESIGNERS  -  418 words
    • DESIGN
      • Article, Illustration
        Lock icon Bathed in in luxury
        816 5  -  Gessi h s opened a Singapore branch, its first flagship store in Asia. By Arthur Sim By Arthur Sim GESSI is investing big in Singapore with its first flagship store in Asia located here, costing between three million euros (S$4.3 million) and 3.5 million euros just
        PHOTO: ARTHUR LEE  -  816 words
    • DINING
      • Article, Illustration
        Lock icon Taking dessert to new highs
        826 6 / 7  -  Diners get their just desserts with three new restaurants that are sweet on after-dinner delights. By Jaime Ee and Avanti Nim By Jaime Ee, Avanti Nim jaime@sph.com.sg @JaimeEeBT Hashida Garo Mandarin Gallery Opening in July AT the rate pastry and dessert-related cafes and shops are
        PHOTOS: HASHIDA GARO, FILE  -  826 words
      • Article, Illustration
        Lock icon Tarte goes for the artisanal edge
        730 6 / 7 Tarte by Cheryl Koh 1 Scotts Road, #01-12 Shaw Centre Z6235-3225. Open 10.30am to 7.30pm IT started out simply. If a dinner guest were celebrating a birthday at upscale French eatery Les Amis, pastry chef Cheryl Koh would bring out a strawberry or chocolate
        PHOTOS: JOHN HENG  -  730 words
      • Article, Illustration
        Lock icon Historic French tea room makes Singapore debut
        559 6 / 7  -  By Avanti Nim avantin@sph.com.sg Angelina 15 Stamford Road, Capitol Galleria #01-82 Opening at the end of May HAVE you ever had hot chocolate so delightfully decadent that you had to use a spoon to drink it? Ready your tastebuds and loosen your belt
        PHOTOS: ANGELINA  -  559 words
    • STYLE
      • Article, Illustration
        Lock icon GIRLS RULE
        1095 8 / 9  -  If any industry were to be dominated by women, it would have to be fashion. With headliners such as Diane von Furstenberg and Victoria Beckham at this year’s Singapore Fashion Festival, it looks like women are finally calling the shots. By May Yip By May Yip I T’S
        PHOTO: SFW  -  1,095 words
      • Article
        Lock icon wine&dine
        802 8 / 9 with BTWeekend Atrium Lounge Marina Mandarin Singapore, Level 4 6 Raffles Boulevard Z6845-1111 Rainbow Martinis Colour your world at Atrium Lounge with specially concocted rainbow martinis by Marina Mandarin’s mixologist. Enjoy the relaxing ambience of one of South-east Asia’s tallest atriums with bar snacks and martinis in rainbow hues
        802 words
    • MOTORING
      • Article, Illustration
        Lock icon WINNER SONATA
        616 10  -  The Hyundai Sonata scores for being high on luxury but low on price. By Samuel Ee By Samuel Ee samuelee@sph.com.sg I T MAY have a badge that reads “Sonata” but this Hyundai is not a taxi. And far from being a basic bright blue or yellow cab, it
        616 words
      • Article, Illustration
        Lock icon Quintessential Quattroporte
        531 11  -  The Maserati Quattroporte has less power but the same level of sporty luxury. This big Maserati is the epitome of Italian luxury. There is the same matt natural wood trim and soft leather... there is the same refinement as in the other Quattroportes, plus the same sporty handling
        531 words
    • SPORTS
      • Article, Illustration
        Lock icon From tactical genius to managerial flop
        894 12  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent BRENDAN Rodgers is a man running out of time, luck and excuses. The under-fire Liverpool manager won’t publicly admit it, but he probably can’t wait until this damaging season comes to an end a month from
        PHOTOS: AFP, REUTERS, ACTION IMAGES  -  894 words
Page thumbnail Page 4
Page thumbnail Page 5
Page thumbnail Page 6 / 7
Page thumbnail Page 8 / 9
Page thumbnail Page 10
Page thumbnail Page 11
Page thumbnail Page 12
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    20 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g APRIL 25-26, 2015 S$1.00 MCI (P) 052/08/2014 SCTI A SINGAPORE PRESS HOLDINGS PUBLICATION
    20 words
  • Article, Illustration
    Lock icon March factory output cues slight Q1 growth upgrade
    722 1  -  But manufacturers will still face uncertainties in coming months By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT Singapore THE Singapore economy may have grown slightly more in the first quarter than advance GDP estimates suggest, economists said, after the manufacturing sector did better than
    Source: Economic Development Board  -  722 words
  • Article
    Lock icon Private home prices, rentals down
    26 1 PROPERTY CONCERN about a looming supply and uncertainty over interest rates keep homebuyers on the sidelines in the first quarter. 2
    26 words
  • Article
    Lock icon Changi to cut aeronautical fees
    35 1 TRANSPORT THE reductions and rebates are aimed at enhancing its allure as a hub as well as to help airlines and ground handlers cope in a tough operating environment. 3
    35 words
  • Article
    Lock icon Asean: the world’s next factory
    28 1 ECONOMY THE Australia and New Zealand Banking Group predicts that Asean will become Asia’s third engine of growth alongside China and India. 7
    28 words
  • Article
    Lock icon Cambridge dealt unitholder blow
    42 1 CORPORATE THE industrial trust fails to get the nod for a fairly common proposal to let the trust manager issue new units to raise funds, in what analysts say is the first such rejection in recent memory.| 10
    42 words
  • Article, Illustration
    Lock icon Goods of Desire quits Singapore
    553 1  -  HK cult lifestyle retailer backed by Far East Organization cites sluggish retail sales and shift to online shopping By Debbie Yong debyong@sph.com.sg @DebbieYongBT Singapore THREE years after branching out to Singapore with much aplomb, cult homeware and lifestyle retailer Goods of Desire has decided to
    553 words
  • Page 1 Advertisements
Page thumbnail Page 2
  • TOP STORIES
    • Article
      Lock icon Looming supply, interest rates concerns weigh on private home prices in Q1
      963 2  -  Rents also stay soft, reinforcing views that the downcycle will persist By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore CONCERN about the looming supply in the private residential market and uncertainty over interest rates have kept homebuyers on the sidelines,
      963 words
    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 GSTI 3,513.00 (+10.25) GSTI FUTURES 3,488.00 (+13.00) GSIMSCI 397.02 (+2.20) GSIMSCI FUTURES 394.10 (+2.50) Friday Change KL COMP 1,862.58 +16.50 NIKKEI 225 20,020.04 -167.61 HANG SENG 28,060.98 +233.28 SET 1,555.46 +10.62 JAKARTA 5,435.35 -0.85 MANILA 7,947.25 +55.20 KOSPI 2,159.80 -13.61 SHENZHEN B 1,396.91 +27.88 MUMBAI IND 27,437.94 -297.08 12
        59 words
      • Article
        Lock icon PRIME RATES
        27 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.945 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.85 SWITZERLAND 0.50 INDIA 14.75
        27 words
      • Article
        Lock icon FOREX
        50 2 FOREX US$ S$ US$ (S$ per US$) 1.336 (US$/S$ per 1.514 2.023 EURO (US$/S$/€ 1.089 1.455 Foreign currency per US$ S$ YEN 119.30 89.30 RM 3.574 2.674 HK$ 7.750 5.800 BAHT 32.46 24.29 RUPIAH 12,920 9,669 RENMINBI 6.198 4.638 INDIAN RUPEE 63.47 47.50 A$ 1.281 0.958 NZ$ 1.319 0.987
        50 words
    • Article
      Lock icon Changi Airport offers aeronautical fee cuts
      588 3  -  These include lower passenger service charge, and extension of landing, parking fee rebates By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore FURTHER reductions and rebates will be applied to aeronautical fees at Changi Airport to enhance the airport’s allure as a hub as well as to
      588 words
    • Article
      Lock icon No long queues at Apple Watch launch as buyers go online
      437 3 Reuters Tokyo THE Apple Watch launched globally on Friday with a small queue of Japanese tech-addicts lining up in Tokyo for Apple Inc’s first wearable gadget, but there was no sign of the excitement usually attached to the company’s
      Reuters  -  437 words
    • Article, Illustration
      Lock icon Lament and hope as two foreign retail brands call it quits
      821 4  -  What does it mean for the Davids of retail when even the Goliaths can trip up? SATURDAY SOAPBOX Debbie Yong debyong@sph.com.sg @DebbieYongBT Correspondent IT started innocently enough. My editor had spotted an ad in the papers that said Jones
      821 words
    • Article, Illustration
      Lock icon Basically, this is the bullying, baying Internet that we’ve become
      893 5  -  People throw rocks at things that shine Ours, Taylor Swift BTBLOGS Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Correspondent IF you aren’t one of Taylor’s many Swifties, did you cringe at that opening quote? Maybe you did. You might legitimately resent her exhortation
      893 words
    • Article, Illustration
      Lock icon Higher wages, better career progression for landscape workers
      525 5  -  By Fiona Lam fionalam@sph.com.sg Singapore SOME 3,000 resident landscape maintenance workers will get higher wages, better skills training and a clearer career progression path from next year, with the launch of the progressive wage model for the landscape industry on Friday. The
      525 words
    • Article, Illustration
      Lock icon FOR 10 YEARS... YOU HAVE BEEN WATCHING THE TUBE
      325 6  -  BT Infographics By Jacquelyn Cheok, Simon Ang AS you pore over this infographic-assuming it takes a whole minute over 300 hours (that’s 12.5 days) ofvideo would have just been uploaded onto YouTube. The video-sharing platform, which began as a startupwhose early
      Compiled by BT  -  325 words
    • Article
      Lock icon Asean ‘may be the next factory of the world’
      530 7  -  ANZ report also tips Singapore to play banker in the coming Asean Economic Community By Chuang Peck Ming peckming@sph.com.sg Singapore A REPORT by the Australia and New Zealand (ANZ) Banking Group has predicted that Asean will still not have developed into
      530 words
    • Article, Illustration
      Lock icon NTU tie-up puts out electric taxi for the tropics
      522 7  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore MEET EVA, believed to be the world’s first electric taxi designed for the tropics, and the first car ever to be built in Singapore. The electric vehicle (EV), which took TUM Create a collaboration between
      522 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      49 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 Consumer 20 Transport 21 Govt Economy 22-25 Opinion 26-27 Wealth 28-30 LIVING Living L2-4 Design L5 Dining L6-7 Style L8-9 Motoring L10-11 Sports L12 Life Culture 31
      49 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      17 2 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings
      17 words
Page thumbnail Page 3
Page thumbnail Page 4
Page thumbnail Page 5
Page thumbnail Page 6
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      101 7 Good Class Bungalow For Sale by Tender Chee Hoon Avenue Freehold Land Area: approx. 17,868 sf Built-up Area: approx. 3,300 sf Frontage of about 39m and average depth of about 42m Part 1 -storey part 2-storey detached house with 2 bedrooms and 1 study room Suitable for A&A or redevelopment
      101 words
Page thumbnail Page 8 / 9
  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Banking on life’s lessons
      2858 8 / 9  -  Asean chief executive for Standard Chartered Bank, Lim Cheng Teck, believes you’re never too old to learn something new. By Kenneth Lim l By Kenneth Lim kenlim@sph.com.sg @KennethLimBT LIM Cheng Teck’s foray into the working world began 31 years ago with a banker telling him that
      PHOTO: ARTHUR LEE  -  2,858 words
Page thumbnail Page 10
  • COMPANIES & MARKETS
    • Article
      Lock icon China tycoon puts spoke in CIT wheel?
      419 10  -  Tong Jinquan could have withheld support as Cambridge fails at AGM to secure mandate for issue of new units By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore UNITHOLDERS of industrial landlord Cambridge Industrial Trust (CIT) shot down on Friday a fairly common proposal to let
      419 words
    • Article, Illustration
      Lock icon GE Q1 profit falls 5% in absence of one-off gain
      504 10  -  By Fiona Lam fionalam@sph.com.sg Singapore LIFE insurance group Great Eastern Holdings continued to deliver growth in profit from insurance business for the first quarter of 2015. But net profit attributable to shareholders for the three months ended March 31 fell
      504 words
    • Article
      Lock icon Ascott Reit eyes portfolio size of S$6b by 2017
      491 10  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore ASCOTT Residence Trust (Ascott Reit) is looking for accretive acquisitions in key gateway cities in Asia-Pacific and Europe, as it seeks to raise its portfolio size from the current S$4.1 billion to S$6 billion by
      491 words
    • Article, Illustration
      Lock icon Push on DBS, UOB helps STI avert a bigger loss
      763 11  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent OVER the course of the week, the Straits Times Index fell 12 points to 3,513, a loss which would have been greater if not for a Friday push on the banks DBS and
      763 words
    • Article
      Lock icon UEL’s S$225m bond sale eight times subscribed
      248 11  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE S$225 million bond sale of United Envirotech Ltd (UEL) received orders exceeding S$1.8 billion, with strong demand from institutional and private bank investors. The bond sale comes after China’s largest conglomerate Citic Ltd became a
      248 words
    • Article
      Lock icon UIC’s Q1 net profit up 39% on property sales, SingLand privatisation
      284 11  -  By Kenneth Lim kenlim@sph.com.sg @KennethlimBT Singapore UNITED Industrial Corp’s (UIC) net profit rose 39 per cent in the first quarter on the back of higher property sale recognition and a larger share of recently privatised Singapore Land. The property
      284 words
    • Article
      Lock icon STI STOCKS
      324 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 267 cd +8 271/260 271 219 5.5 6750.7 CapitaLand 372 cd +5 372/367 374 293 13.6 2.4 ***** CapitaMall Trust 227 cd +4 228/224 228 188.5 4.8 7874.7 CityDev 1048 cd -2
      324 words
    • Article
      Lock icon SGX ETFs Most Active
      108 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap UETF SSE50China 316 +7 377 316/308 316/140 314/316 98.8 IS MS India US$ US747 -13 278 766/747 1000/636 747/752 93.4 IS ASIA HYG US$ US1080 +12 199 1080/1068 1119/1013 1055/1130 STI ETF 352 119 353/352 355/319
      108 words
    • Article
      Lock icon SIBOR
      28 12 Apr 24 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 0.***** Source: Thomson Reuters
      28 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      771 12 For week beginning Apr 20 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Nordic Grp 23-Apr-15 Chang Yeh Hong Buy 1100 0.19 0 0.00 1100 0.28 VGO Corp 23-Apr-15 Goh
      771 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 5 4 0 0 0 6 5 4 Manufacturing 48 51 42 10 6 15 58 57 57 Commerce 18 21 24 5 5 4 23 26 28 Tpt/Stor/Comms 27 6 8
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,758 15,758 67,061 67,061 Manufacturing 327,002 56,446 383,448 97,456 3,608 101,064 Commerce 194,520 118,327 312,847 123,320 4,250 127,570 Tpt/Stor/Comms 162,412 647 163,059 231,117 44 231,161 Finance 42,874 202 43,076 292,284 58 292,342 Construction 137,011 32,479
      122 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Apr 24 VALUE CLOSE BT OB/OS 55.00 -85.00 BT CADI -*****.00 +76.00 BT 10-day MA -*****.00 +6.00 FTSE ST Mid Cap 806.28 +1.68 FTSE ST Small Cap 506.05 +2.63 FTSE ST All Share 843.86 +2.47 FTSE ST China Top 212.24 FTSE ST China 245.15 -0.32 FTSE ST
      77 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      79 12 VOL CLOSE($) CHANGE Eucon 16,823.4 0.015 +0.003 +25.00 AVIC 246.9 0.130 +0.030 +30.00 Luxking 300.0 0.025 +0.005 +25.00 Asian Micro 448.0 0.018 -0.004 -18.18 Eastern 110.9 0.183 -0.012 -6.15 Lafe 9,131.1 0.045 +0.003 +7.14 Debao Property 969.0 0.034 +0.003 +9.68 China Haida 500.0 0.016 -0.003 -15.79 USP Group
      79 words
    • Article
      Lock icon COMMODITY FUTURES
      193 13 Apr-23 Price Net change change Last Trade Agricultural Apr-23 CBOT Soybeans (US cents/bu) 978.25 7.75 0.80% 14/05/2015 CBOT Soybean Oil (US cents/lb) 32.02 0.46 1.46% 14/05/2015 CBOT Wheat (US cents/bu) 497.75 -1.00 -0.20% 14/05/2014 Apr-23 LIFFE Cocoa (£/tonne) 1916.00 16.00 0.84% 13/05/2015 LIFFE Coffee (US$/tonne) 1811.00 -9.00 -0.49%
      193 words
    • Article
      Lock icon PALM OIL
      57 13 Apr 24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 15 2184.0 2166.0 2184.0 2157.0 798 4429 Jun 15 2182.0 2162.0 2183.0 2151.0 6103 ***** Jul 15 2176.0 2154.0 2176.0 2144.0 ***** ***** Aug 15 2162.0 2148.0
      57 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      65 13 Apr 24 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.55 102.60 102.60 5-Year N*****0H 1.625 01-Oct-19 100.43 10-Year NY*****H 3.000 01-Sep-24 107.17 107.40 107.13 15-Year NY*****E 2.875 01-Jul-29 105.31 105.50 105.40 20-Year NZ*****V 3.375 01-Sep-33 110.96 30-Year NA*****N
      65 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Apr 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0429 1.0440 0.7807 0.7811 Canadian dollar 1.1015 1.1024 0.8248 0.8245 Euro 1.4545 1.4554 1.0888 1.0889 NZ dollar 1.0127 1.0137 0.7581 0.7584 Sterling pound 2.0226 2.0241 1.5140 1.5144
      155 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      2 13
      2 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      204 13 Most active Apr 24 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 3.6 unch 9991 1 18 18 OCBC Bk MB eCW*****3 8.7 -0.3 6857 0.2 1120 7 OCBC Bk MB eCW*****3 10 -0.7 4775 0.2
      204 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 13 In local curr In S$ In US$ dy yr dy yr dy yr Apr 23 Index Change Change Change Change Change Change World Preliminary 1362.3 0.0 6.8 0.1 6.3 0.2 4.7 EAFE Preliminary 1116.9 -0.1 13.2 0.3 9.7 0.3 8.0 Europe Preliminary 1564.4 -0.3 13.2
      373 words
    • Article
      Lock icon Rickmers keeps Q1 DPU steady
      446 14  -  Amid profit slide and shipping weakness, trust taps cash reserves to hold DPU at 0.6 US cent By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore CONTAINER ship owner Rickmers Maritime has continued to eat into its cash pile to keep distributions per unit (DPU) steady in the
      446 words
    • Article
      Lock icon Soilbuild Construction posts 15% rise in Q1 profit
      314 14  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SOILBUILD Construction Group chalked up a 15 per cent year-on-year increase in net profit to S$4.43 million for the first quarter ended March 31, 2015, even as revenue declined. Revenue for the quarter fell 19 per
      314 words
    • Corporate digest
      • Article
        Lock icon K1 Ventures
        95 14 K1 Ventures’ net profit more than quadrupled to S$5.04 million for the third quarter ended March 31, 2015, from S$1.16 million for the year-ago period. Revenue fell 3.4 per cent to S$3.1 million. The profit jump was driven by a foreign exchange gain of S$3.9 million. No dividend
        95 words
      • Article
        Lock icon Yeo Hiap Seng
        153 14 FOOD and beverage (F&B) group Yeo Hiap Seng's net profit for the first quarter rose 24.6 per cent to S$9.15 million, from S$7.35 million in the year-ago period. Revenue for the quarter ended March 31, 2015, increased 8.9 per cent to S$121.49 million from S$111.56 million. Earnings
        153 words
      • Article
        Lock icon China Minzhong
        83 14 CHINA Minzhong Food Corporation's net profit for the third quarter ended March 31, 2015, fell 19 per cent to 108 million yuan (S$23.3 million), from 133.3 million yuan in the year-ago period. Revenue fell 29.6 per cent to 485.8 million yuan. The fall was mainly due to the
        83 words
    • Article
      Lock icon Sembcorp to develop gas-fired power plant in Myanmar
      328 14  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore SEMBCORP Industries has made headway into Myanmar’s power market. It said on Friday that its wholly owned subsidiary, Sembcorp Utilities, has received a notice of award to develop and operate a 225-megawatt gas-fired power plant
      328 words
Page thumbnail Page 11
Page thumbnail Page 12
Page thumbnail Page 13
Page thumbnail Page 14
Page thumbnail Page 15
  • REAL ESTATE
    • Article
      Lock icon Retail, office rents headed for divergent paths
      629 15  -  Vacancy rate of office space at the end of Q1 remains flat at 10.2%, URA data show By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore RENTAL outlook for office and retail space will take divergent paths this year, and the trend is already telling in
      629 words
    • Article, Illustration
      Lock icon Stabilising HDB resale flat prices may draw buyers back to market
      801 15  -  The other factor is a tapering in the launch of BTO flats this year By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE one per cent quar-ter-on-quarter drop in the Housing Development Board’s resale flat price index for the first quarter
      801 words
    • Article
      Lock icon House hunt
      1100 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN MARCH 11 AND MARCH 17, 2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina One Residences Apt 17/03/2015 99 700 1685 2409 V On Shenton Apt
      1,100 words
Page thumbnail Page 16
Page thumbnail Page 17
  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Nasdaq sets new record 15 years after dot-com crash
      396 17 Final-hour sell-off prevents S&P 500 from surpassing its own previous record high AFP New York THE Nasdaq exchange smashed its 15-year-old record on Thursday, breaking through the old mark set at the peak of the dot-com boom in 2000. The Nasdaq
      AFP; PHOTO: AFP  -  396 words
    • Article
      Lock icon Asian central banks likely to ease further
      533 17 But economists are doubtful moves will significantly boost growth or inflation Reuters Bengaluru EMERGING Asian central banks are expected to cut interest rates again in the coming months, but economists polled by Reuters are doubtful the moves will significantly boost growth or inflation.
      Reuters  -  533 words
    • Article
      Lock icon Lloyds wins as banks pay Britons incentives to switch
      340 17 Bloomberg London LLOYDS Banking Group plc’s Halifax unit gained the most customers from its rivals of any UK lender in the third quarter as probes by the competition watchdog and financial incentives resulted in more Britons switching banks. Royal Bank of
      Bloomberg  -  340 words
Page thumbnail Page 18
  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon US-Japan trade deal caught in a rice maze
      1014 18 It is among the thorniest issues holding up an agreement that could pave way for TPP pact Bloomberg Washington A POWERFUL lobby stands in the way of two of the world’s biggest economies completing a trade deal: Japanese rice farmers. Rice is
      Bloomberg; PHOTO: BLOOMBERG  -  1,014 words
    • Article
      Lock icon Surplus in China’s zinc market as demand wanes
      408 18 Reuters Hong Kong CHINA’S zinc market faces a surplus in the second quarter as steady domestic production and imports push up supply while demand weakens amid the slowing domestic economy. A growing surplus in China could weigh on demand for imports, which
      Reuters  -  408 words
Page thumbnail Page 19
  • TECHNOLOGY
    • Article, Illustration
      Lock icon Analysts jittery about Google despite higher revenue
      746 19 Ad rates also up in desktop, mobile searches NYT San Francisco IF YOU wanted to sum up the technology industry’s flurry of recent earnings reports, the following would suffice: more mobile, more video. So it was with Google, but it has come at
      NYT; PHOTO: AFP  -  746 words
    • Article
      Lock icon Comcast set to drop mega-merger with TWC: report
      404 19 Opposition from antitrust regulators likely to signal its end AFP Washington US cable giant Comcast is preparing to abandon its plan for a mega-merger with rival Time Warner Cable (TWC) in the face of opposition from antitrust regulators, a report said on
      AFP  -  404 words
Page thumbnail Page 20
  • CONSUMER
    • Article, Illustration
      Lock icon Starbucks’ Q2 sales beat estimates
      517 20 Revenue up 18 per cent thanks to mobile app and a bigger menu Bloomberg Chicago STARBUCKS Corp, the world’s biggest coffee shop operator, has posted second quarter sales that topped analysts’ estimates after its mobile phone app and an expanded menu helped draw more customers
      Bloomberg; PHOTO: AFP  -  517 words
    • Article
      Lock icon Abercrombie’s hot sales staff policy is over
      630 20 Bloomberg New York STARTING Friday, you won’t have to be good-looking to work for Abercrombie Fitch Co. You’ll also be able to wear eye-lin-er, though not necessarily a nose ring. The changes are the latest for the once high-flying retailer, which pioneered the
      Bloomberg  -  630 words
    • Article
      Lock icon New PepsiCo push for cost cuts as strong US$ hits sales
      374 20 Bloomberg Atlanta PEPSICO Inc, the world’s largest snack maker and second-largest beverage company, vowed to keep a tight lid on expenses this year as the strong dollar takes a bigger bite out of overseas sales than expected. The company
      Bloomberg  -  374 words
Page thumbnail Page 21
  • TRANSPORT
    • Article, Illustration
      Lock icon China’s second-hand car market revs up
      642 21 Uptake comes despite cultural preference for new items AFP Beijing THE vast majority of cars in the world’s biggest car market are purchased new, but a sec-ond-hand trade is beginning to emerge in China despite traditional buyer reluctance and foreign manufacturers are hoping to
      AFP; PHOTO: AFP  -  642 words
    • Article
      Lock icon S$15m pledged to extend programmes for seafarers
      327 21  -  By Elizabeth Mak eamak@sph.com.sg Singapore THE Certificate of Competency (COC) (Special Limits) programmes for deck officers and marine engineers will be extended for another three years. This was announced by Muhammad Faishal Ibrahim, parliamentary secretary of the Ministry of Health and the Ministry
      327 words
    • Article
      Lock icon GM’s US$900m Q1 profit misses analysts’ forecast; shares slip 3.3%
      538 21 Bloomberg Detroit GENERAL Motors Co’s first-quar-ter profit of US$900 million missed estimates as struggles in Russia and Brazil undermined strong sales of light trucks in the US. The company said that adjusted earnings per share almost tripled to 86 US
      Bloomberg  -  538 words
Page thumbnail Page 22
  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Capital goods orders fall for 7th month
      522 22 Capex data suggests US economy struggling to rebound from soft first quarter LATEST US DATA Reuters Bloomberg Washington US business investment spending plans fell for a seventh straight month in March, likely weighed down by a strong dollar and lower energy prices, suggesting
      Reuters; Bloomberg  -  522 words
    • Article, Illustration
      Lock icon No more aid till full reform deal, eurozone ministers tell Greece
      562 22 Reuters Riga EUROZONE finance ministers delivered a stark warning to Greece on Friday that its leftist government will get no more aid until it agrees a complete economic reform plan, as Athens lurches closer to bankruptcy. After a tough
      Reuters; PHOTO: REUTERS  -  562 words
    • Article
      Lock icon Rise of US$ not hurting US as feared: UBS
      417 23  -  Export trends have shifted and US exporters have higher market share now, says economist By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE strength of the greenback will not weaken US economic growth as commonly feared, given that export trends in the G3
      417 words
    • Article
      Lock icon German optimism at 10-month high
      335 23 Bloomberg Zurich GERMAN business confidence jumped to a 10-month high in April in a sign that growth in Europe’s largest economy is set to pick up on the back of record stimulus and a favourable exchange rate. The Ifo institutes’s business climate index rose for
      Bloomberg  -  335 words
    • Article, Illustration
      Lock icon The curious case of the missing workforce
      1232 24 Fed’s rate call next week to be affected by how to attract these workers back into the labour pool Bloomberg Washington WHEN Shalika Tisinger begins looking for a job this summer, Federal Reserve Governor Jerome Powell will be rooting for her. Ms Tisinger,
      Bloomberg; PHOTO: BLOOMBERG  -  1,232 words
    • Article, Illustration
      Lock icon Zeti: No rate cut barring ‘fundamental’ slowdown
      672 25 Malaysia’s central bank chief also says inflation is not a concern now Bloomberg Kuala Lumpur MALAYSIAN central bank governor Zeti Akhtar Aziz has signalled she sees no need for an interest rate cut in the near future, barring the threat of a “fundamental”
      Bloomberg  -  672 words
    • Article
      Lock icon Japan ready for bigger security role: Abe
      668 25 Reuters Tokyo PRIME Minister Shinzo Abe will send a clear message to the United States when he visits Washington next week: Japan is ready to take more responsibility for security on the world stage. Behind that message, the conservative leader will want fresh
      Reuters  -  668 words
    • Article
      Lock icon A new gateway to HK, Macau with FTZ in Guangdong
      356 25 Bloomberg New York CHINA unveiled free-trade zones in three provinces this week as it pushes ahead with opening up more areas of its economy. An FTZ in Guangdong will fuse the province’s economy more closely with Macau’s and Hong Kong’s
      Bloomberg  -  356 words
  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      72 22 HOT PROPERTY 3½-STOREY SEMI-D YCK 4360/7201 sf. 8+1. $6.98M Modern, pool/ lift. NEX/ Chomp Chomp. PA L M G R O V E R E G E N C Y Semi-D Cluster, 5rm 999yr 3184 sqft, Excellent Cond, MRT $2.xM only FH CORNER TERRACE Grace Walk, off Lor Chuan. 3
      72 words
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      1181 23 The Business Times Ik I 1 I f I 1 Toll free 1800-289-8822 I I I Email notices.ii’sph.com.sg I M I I i j www.sphclass.com.sg/notices W.H. BRENNAN COMPANY (PRIVATE) LIMITED (Company Registration Number UEN: *****0156E) (Incorporated in the Republic of Singapore) (the “Company”) NOTICE NOTICE IS HEREBY GIVEN pursuant to
      1,181 words
Page thumbnail Page 24
  • Page 24 Advertisements
    • Advertisement
      Lock icon Page 24 Advertisements Column 1
      41 24 Lianhe Zaobao Companies in S'poreSichuan High-tech Innovation Park to begin p construction 7 u To subscribe, call 6388-3838 or go to sphsubscription.com.sg Companies in S'poreSichuan High-tech Innovation Park to begin construction of factories To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      41 words
Page thumbnail Page 25
Page thumbnail Page 26 / 27
  • OPINION
    • Article, Illustration
      Lock icon The (new) art of war: Fighting disruption
      1121 26 / 27  -  Faced with an Uber, industry incumbents have certain strengths and strategies they can employ to respond to a digital enemy. By Michael Wade By Michael Wade ~The writer is a professor of innovation and strategic information management at IMD. He co-directs ‘Orchestrating Winning
      PHOTO: BLOOMBERG  -  1,121 words
    • Article, Illustration
      Lock icon Transferring and sustaining the family wealth
      673 26 / 27  -  By Bernard Rennell ~The writer is regional head of Global Private Banking, Asia-Pacific and global head of Family Governance and Family Enterprise Succession, HSBC Private Bank THE Chinese have a saying: “Wealth doesn’t last three generations”. To avoid such an outcome, families need to
      PHOTO: REUTERS  -  673 words
  • Page 26 / 27 Miscellaneous
Page thumbnail Page 28 / 29
  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Glorious seen as most likely to default next
        1126 28 / 29 Series of overdue payments reflects the very weak cash flow and liquidity profile of the China property firm, say analysts Bloomberg AFTER Kaisa Group Holdings Ltd defaulted on its dollar bonds earlier this week, the market got to wondering, who could be
        Bloomberg  -  1,126 words
      • BROKERS'TAKE
        • Article
          Lock icon Sheng Siong Group
          85 28 / 29 Buy RHB Research, April 24 April 24 close: S$0.825 Target price: S$0.95 FIRST-QUARTER earnings grew 12.2 per cent year-on-year to S$14.1 million, 26 per cent of consensus estimates. Reiterate “buy” with a higher S$0.95 target price (from S$0.83, 16 per cent upside) on higher expectations of store
          85 words
        • Article
          Lock icon Genting Singapore
          287 28 / 29  -  Compiled by Kenneth Lim Hold Maybank Kim Eng Research, April 23 April 24 close: S$1.04 Target price: S$1.08 WHAT is interesting was Marina Bay Sands’ flat quarter-on-quarter VIP volume although Macau’s was down 28 per cent. We attribute this to a five basis point increase in its rebate
          287 words
      • Article
        Lock icon Pimco sees Treasuries falling as rates rise
        542 30 But it expects stocks and corporate bonds to weather 50-70 basis point backup in 10-yr rates Bloomberg Sydney PACIFIC Investment Management Co (Pimco) sees Treasuries falling as the US Federal Reserve raises interest rates. Stocks and corporate bonds should be able to weather
        Bloomberg  -  542 words
      • Article, Illustration
        Lock icon Nobody knows for sure whether Grexit will lead to a contagion or not
        672 30  -  By Mark Gilbert Bloomberg AUSTRIAN-BRITISH philosopher Ludwig Wittgenstein argued that trying to discuss private sensations such as pain is impossible because “it is not a something, but not a nothing either”. That enigmatic statement is a useful
        Bloomberg  -  672 words
Page thumbnail Page 30
Page thumbnail Page 31
  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Insights into wine at BT Luxe Night
      379 31  -  Wine specialist Lim Hwee Peng shares his expertise with 100 senior executives By Prisca Ang prisang@sph.com.sg Singapore GABBY drinkers who have had a little too much would admit that “it’s the wine talking”, but wine specialist Lim Hwee Peng, turning the phrase on
      PHOTO: YEN MENG JIIN  -  379 words
    • Article
      Lock icon World Happiness Report puts Swiss and Icelanders at the top
      484 31 AFP New York SWITZERLAND is the happiest country in the world, followed by Iceland, Denmark, Norway and Canada, says a global ranking of happiness unveiled in New York on Thursday. The 2015 World Happiness Report is the third annual report
      AFP  -  484 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      321 31 CRYPTIC CROSSWORD Across 1 Women carrying weapons got more affectionate (6) 5 Deer’s popular what’s the ammunition? (8) 9 Bad result shooter calls the shots (5,3,5) 10 A beer a radio operator sent back for prince (8) 11 East of Libya, more rational to retreat in battlegrounds (6) 12 Mark’s
      321 words
Page thumbnail Page 32
  • Page 32 Advertisements
    • Advertisement
      Lock icon Page 32 Advertisements Column 1
      113 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENNIA A HARSH, UNYIELDING ENVIRONMENT; AND SINCE 1875 THE HOME OF AUDEMARS PIGUET, IN THE VILLAGE OF LE BRASSUS. THE EARLY WATCHMAKERS WERE SHAPED HERE, IN AWE OF THE FORCE OF NATURE YET DRIVEN TO MASTER
      113 words
Page thumbnail Page 1
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      34 1 25-26 APRIL 2015 THE BUSINESS TIMES WEEKEND THE SILKY swingw g OF LKY MICHELLE the women who out-driveyou RICKIE FOWLER’S FREAKY-LONG FADE RAHUL PATHAK It hurts to watch Tiger, but we just can’t stop
      34 words
Page thumbnail Page 2
  • Swing
    • editor’s letter
      • Article, Illustration
        Lock icon BACKBONE, GREAT SWINGS AND THE ART OF SPIN
        617 2  -  From the reactions I got, the first issue of Swing went down quite well with most of you. BY S. MURALI It was the US Masters issue, had a strong focus on Tiger Woods and Rory McIlroy and helped some of you
        617 words
      • Article, Illustration
        Lock icon COULD’VE THOUGHT OF THAT!
        1725 4 / 5  -  HOW KICKSTARTER CAN TURN A STUPID GOLF IDEA INTO MILLIONS C hloe Philippou is a quirky 22-year-old with cute lubmaster glasses and a posh English accent. She works at an auto body shop, but her true passion is making movies. The problem is, they cost money.
        illustrations by Edmon de Haro  -  1,725 words
      • Article, Illustration
        Lock icon HOW TO TWEAK YOUR SETUP TO FIX YOUR AIM
        472 4 / 5 SELF-TEST: DO YOU SEE A DIFFERENT LINE WHEN YOU GET OVER THE BALL? GET EVERY PUTT STARTED ON LINE We’ve heard so much talk about the “ideal” setup for putting, but a lot of it is contradictory. How close to the
        photo by J.D. Cuban  -  472 words
    • Singapore scene
      • Article, Illustration
        Lock icon A STEADY, STRAIGHT-HITTER AT GOLF
        1431 6 / 7  -  THE LATE MR LEE KUAN YEW DID HIS CALCULATIONS BEFORE EXECUTING HIS SHOTS STRAIGHT-HITTER he late Tun Dr Ismail Second Deputy Prime Malaysia from 1970 “He does he late Tun Dr Ismail Abdul Rahman, Second Deputy Prime Minister of Malaysia from 1970 to 1973, once
        ST file photos  -  1,431 words
      • Article, Illustration
        Lock icon STRESS RELIEF
        263 6 / 7  -  WHEN YOU’RE FEELING NERVOUS, SLOOOOW DOWN BY TOM WATSON Tom Watson is a Golf Digest Playing Editor. Ben Hogan once told me that he got so nervous playing in a tournament, he felt like he was jumping out of his skin. That confirmed to me that we all
        illustration by Francesco Bongiorni  -  263 words
      • Article, Illustration
        Lock icon FIGHTING SHAPE
        2118 8 / 9  -  POUND FOR POUND, NOBODY PUNCHES PUNCHES HARDER THAN THESE LPGA STARS DER it te ball farter, you rther, you We a art er, you the ball farther, you BY MAX ADLER e’re not showing you photos of Lexi, Michelle, Cheyenne and Stacy in workout gear just for fun.
        photos by Walter looss Jr., Dom Furore  -  2,118 words
    • tried & tested
      • Article, Illustration
        Lock icon TOUR-INSPIRED FEEL
        211 10 Cobra Golf consulted their Tour players to create the new Fly-Z Pro Irons that combine classic shaping with modern performance features. The forged irons have tungsten toe weighting that positions the centre of gravity low and directly behind the impact location for increased control while the CNC milled
        211 words
      • Article, Illustration
        Lock icon SPIETH CONTINUES ROLEX’S RUN AT AUGUSTA
        152 10  -  BY TAN JU KUANG Rolex testimonee Jordan Spieth got a grip on a green jacket on the first day of The Masters Tournament 2015 and didn’t let go anytime during the week. His final winning score of 18-under par equalled Tiger Woods’ record as
        152 words
      • Article, Illustration
        Lock icon GREAT DEALS ON THE HORIZON
        167 10 It has been known for some time that Horizon Hills Golf and Country Club in Johor presents golfers without memberships in Singapore a topnotch place to play. The Ross Watson-designed course, which opened for play in 2008, continues to be a challenging layout with its
        photos courtesy of Cobra Puma Golf, Rolex, Laguna National Golf and Country Club, ST file  -  167 words
    • playit
      • Article
        Lock icon A 19TH HOLE LIKE NO OTHER
        179 10 Laguna National Golf and Country Club’s new 19th hole pushes all the limits on what a golf terrace should be. The stand-alone building overlooking the ninth and 18th of the Masters Course opened to a soft launch last week and if current indications are
        179 words
      • Article, Illustration
        Lock icon LIGHTS, ACTION AT PONDEROSA
        182 10 If time is a premium, and the days are too short, golfers can now tee it up after the sun goes down across the Causeway. Ponderosa Golf Country Club is the only golf club in Johor Baru that offers night golf (from 5pm onwards) for those
        182 words
    • masters 2015
      • Article, Illustration
        Lock icon ONE FAN’S BURDEN
        754 11  -  ONE FAN’S he world waited in anticipation. before the US Masters he would compete at Tiger’s back, that was turned up at Augusta But Woods had a sweet-sour Columnist Rahul Pathak Woods. And puts him he world waited in anticipation. And just a week before the US
        photo by AFP  -  754 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      152 3 DIALED IN WEIGHTING THAT DIALS UP DISTANCE rs a 10.5 /w 0 a 1 n Q It’s not only about shaving weight. It’s about where you put it. Every product in the Fly-Z™ family takes its own unique approach to weight placement. That way, no matter how you swing, there’s
      152 words
Page thumbnail Page 4 / 5
Page thumbnail Page 6 / 7
Page thumbnail Page 8 / 9
Page thumbnail Page 10
Page thumbnail Page 11
Page thumbnail Page 12
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      39 12 OYSTER PERPETUAL DATEJUST II 4 t ROLEX 4 ®o o a u 0 'Mo* S3 <&> cortinawatch CHINATOWN POINT, #01-08/09. TEL: 6702 0061 PARAGON, #01-13. TEL: 6235 008-4 RAFFLES CITY, #OI-36A. TEL: 6339 9185 WATCH FEATURED SUBJECT TO STOCK AVAILABILITY
      39 words