The Business Times, 27 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: 26
1 26 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G n@BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 Monday, April 27,2015
    23 words
  • DAILY DIGEST
    • Article
      Lock icon DBS Bank, the leader
      25 1 in Singapore’s fixed-income market, is making waves in the much bigger US dollar and renminbi debt markets as well. TOP STORIES/2
      25 words
    • Article
      Lock icon Nasdaq Composite
      21 1 closed at a record high as traders bet the US consumer would weather a global slowdown. TOP STORIES 4
      21 words
    • Article
      Lock icon London’s luxury-housing
      26 1 boom is running out of steam, with price gains in the city’s best neighbourhoods trailing poorer districts and other large cities. REAL ESTATE 13
      26 words
    • Article
      Lock icon Bankers at China’s
      28 1 top state lenders are quitting in increasing numbers because of cuts to their pay, and moving to a new breed of firms. BANKING FINANCE 16
      28 words
    • Article
      Lock icon With nuclear power
      20 1 in the doldrums after the Fukushima disaster, solar energy is gaining ground in Japan. ENERGY COMMODITIES 17
      20 words
    • Article
      Lock icon Computer major Dell
      21 1 completed its first full fiscal year of operations as a private company with all cylinders firing. TECHNOLOGY/ 18
      21 words
    • Article, Illustration
      Lock icon Powerful aftershocks
      25 1 rocked Nepal, rattling survivors of a quake that killed more than 2,400 and triggering fresh avalanches at Everest base camp. GOVT ECONOMY 20
      25 words
    • Article
      Lock icon Allegations that a single
      27 1 UK day trader caused the “flash crash” five years ago indicate regulators will find it difficult to prevent a future collapse. GOVT ECONOMY/20
      27 words
    • Article
      Lock icon Indonesia is facing
      17 1 an international backlash as it prepares to execute 10 convicted drug smugglers. GOVT ECONOMY/21
      17 words
    • Article
      Lock icon Ferdinand Piech
      15 1 resigned as Volkswagen chairman after losing a showdown with CEO Martin Winterkorn. TRANSPORT/22
      15 words
  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 3,513.00 -12.19 KL Comp 1,862.58 +16.72 Nikkei 225 20,020.04 +367.16 Hang Seng 28,060.98 +407.86 Shenzhen B 1,396.91 +57.28 Dow 18,080.14 +253.84
    25 words
  • Article, Illustration
    Lock icon Five years on, MBS shuns status quo
    1109 1  -  CEO George Tanasijevich’s drive for nothing but the best keeps integrated resort at the top of its game By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore SEVERAL weeks ago, Marina Bay Sands (MBS) rolled out a new mul-ti-million dollar advertising campaign called “Never Settle”. Fronted
    1,109 words
  • Article
    Lock icon KL-Singapore rail link may miss 2020 deadline by two years
    743 1  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore KEEN travellers from both sides of the Causeway may have to wait a little longer for the multibillion-dollar high-speed rail link between Kuala Lumpur and Singapore as the project could be up and running
    743 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      98 1 Hill 8 '*****1 *****4 CARMAGEDDON Watch out an epic wave of vehicle deregistrations is about to hit Singapore TOP STORIES 4 lT Sfer PATEK PHILIPPE GENEVE Begin your own tradition. 175 PATEK PHILIPPE ytlON:> 200 G O 150 i o 25 110 n t 100 90 PATEK FHILIPPE 10 Q
      98 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      25 1 ENGAGING STAKEHOLDERS How to improve interaction at annual general meetings views from the top 14-15 TOPLINE Camaraderie the key to CBRE's success COMPANIES MARKETS 6
      25 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 3
      18 1 COMFORTING FAMILIARITY Roast duck and more at Four Seasons Chinese Restaurant and Sum Yi Tai DINING OUT 25
      18 words
Page thumbnail Page 2
  • TOP STORIES
    • Article, Illustration
      Lock icon DBS making waves in Asia’s bond markets
      958 2  -  But it says S’pore remains its most important market though this is being challenged By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THAT DBS Bank is the leader in Singapore’s fixed-income market seems natural given its dominant position at home; what’s less known is
      PHOTO: YEN MENG JIIN  -  958 words
    • Article
      Lock icon Slow going on Asean-China code of conduct on South China Sea dispute: Shanmugam
      557 2  -  By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Kuala Lumpur ASEAN remains slow in working out with China a code of conduct to ease tensions in the South China Sea, even as the regional economic grouping is on track
      557 words
    • Article
      Lock icon BOJ signals concern over surge in Japanese banks’ overseas lending
      995 2  -  By Anthony Rowley btworld@sph.com.sg Tokyo JAPANESE banks have been advancing aggressively in Asia and beyond in the wake of the 2008 global financial crisis, swelling their loan books and making acquisitions, while European and US banks have retreated. This strategy
      995 words
    • Article
      Lock icon Plenty of treacherous moments for rally this week
      984 4  -  Chief among these will be the latest statement from the Federal Reserve and Greece’s latest clash with its creditors WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg US stocks rose last week and the Nasdaq Composite closed at a record high as traders
      984 words
    • Article
      Lock icon Blue-chip companies and SMEs to compete for new CSR award
      437 4  -  By Elizabeth Mak eamak@sph.com.sg Singapore SOME of the biggest names on the Singapore Exchange (SGX), as well as a number of notable small and medi-um-sized enterprises (SMEs), are vying for an inaugural national award which aims to showcase the highest
      437 words
    • Article, Illustration
      Lock icon Carmageddon
      170 4  -  An epic wave of vehicle deregistrations is about to hit Singapore and flood the nation’s car market with certificates of entitlement. Car buyers are waiting for a drop in prices to save the day. They continue to wait. BY KENNETH LIM BT Explains BY KENNETH LIM Monsters! Deregistrations are
      BT Graphics: Kenneth Lim  -  170 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      105 2 H-bJB A (M12e) *m»*nua!)». 0 mmh'MMmx&, A 4itf| JtnH7Tencent (KUl) Mi'71)*****1 j'*, Ufl^ri0,000fclftr!J^ c a(i]Hriu pj«*. 0 *SBh.j- n uxMMi^sis^-7 mK 0 a** flij r a A fflTFacebook 10|£l@7C lnstagram 0 -}!cff of VX fi! 0 SB ikHfc T A iTj 1S| T*, 4UD H4til tf) I] £j iiL^! 27'J'W,
      105 words
Page thumbnail Page 3
Page thumbnail Page 4
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      123 4 AUCTIONEERS OF MODERN VINTAGE TIMEPIECE fiC® WWW.ANTIQUORUM.COM SINGAPORE PREVIEW VALUATION DAY 27 April 2015 I Monday 10am-6pm Four Seasons Hotel Singapore Paterson Room, level 3, 190 Orchard Boulevard, Singapore, *****6 £32 4 DATE TIME GENEVA 10 May 2015 I Sunday First Session: 10:00am Second Session: 2:00pm Mandarin Oriental Hotel Geneva
      123 words
Page thumbnail Page 5
  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Whither the lead independent director?
      1011 5  -  Of the 537 listed firms that should have appointed a Lead ID as recommended by the Code, only about half have done so. BY ADRIAN CHAN T The writer is the first vice-chairman of the Singapore institute of Directors. T For more articles, go to
      1,011 words
    • Article, Illustration
      Lock icon Camaraderie key to CBRE's success
      1733 6  -  Due to growth of regional services hubbed in Singapore, the group's revenue here has quintupled over the past decade. BY KALPANA RASHIWALA TOPLINE BY KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT PAULINE Goh has seen CBRE handle many large property transactions since she became head of the Singapore
      ARTHUR LEE  -  1,733 words
    • Article
      Lock icon Artimedia to make splash in Israel with exclusive tie-up with Walla!
      516 6  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SINGAPORE-LISTED Artivision Technologies announced on Sunday that its video advertising subsidiary Artimedia has partnered Israeli Internet company Walla! Communications for a three-year, exclusive contract that will make Artimedia the largest premium video ad
      516 words
    • Article, Illustration
      Lock icon STI / Catalist
      64 8 STI Catalist WEEKLY Straits Times Index April 24,2015 3,513.00 -12.19 (-0.35%) Current streak 2 days Week high 3,513.00 Week low 3,496.24 52-week high 3,525.19 (Apr 17, 2015) 52-week low 3,167.73 (Oct 17, 2014) FTSE ST Catalist Index April 24,2015 744.62 -23.38 (-3.04%) Current streak 1 day Week high 755.33 Week
      64 words
    • Article, Illustration
      Lock icon Blue chips likely to be in limelight this week
      670 8  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE penny rally has run for two or three weeks this month and has brought some relief to retail brokers who, after a tough 2014, have found it increasingly difficult to compete with private banks
      670 words
    • Article
      Lock icon STI STOCKS
      324 8 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 267 cd +4 271/258 271 219 5.5 6750.7 CapitaLand 372 cd +4 374/360 374 293 13.6 2.4 ***** CapitaMall Trust 227 cd +2 228/220 228 188.5 4.8 7874.7 CityDev 1048 cd -15
      324 words
    • Article
      Lock icon GAINERS
      77 8 BY CENTS CLOSE UP 52w high/low IS S&P500 US$ ***** 245.8 0.9 *****/***** DBXT AUDBonds AU$ ***** 175.0 0.8 *****/***** DBXT MSJAP US$ 5239 147.0 2.1 5266/4291 DBXT MSTaiwan US$ 2353 134.9 4.5 2353/2023 DBXT MSKorea US$ 6246 120.2 1.5 6735/5484 BY PERCENTAGE CLOSE UP 52w high/low Chinese Global
      77 words
    • Article
      Lock icon LOSERS
      78 8 BY CENTS CLOSE DOWN 52w high/low DBXT Nifty US$ ***** -752.1 -4.0 *****/***** DBXT MSUSA US$ 5344 -305.9 -4.1 5573/4668 SPDR DJIA US$ ***** -229.8 -1.0 *****/***** GLD US$ ***** -161.6 -1.0 *****/***** Lyxor MS Idia US$ 1676 -137.6 -5.8 1840/1408 BY PERCENTAGE CLOSE DOWN 52w high/low Heeton W*****3
      78 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      79 8 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, Illustration
      Lock icon STI / FTSE ST All-Share
      36 8 STI FTSE ST All-Share WEEKLY FTSE ST All-Share Index April 24,2015 843.86 -1.99 (-0.24%) Current streak 2 days Week high 843.86 Week low 840.38 52-week high 845.85 (Apr 17, 2015) 52-week low 766.44 (Oct 17, 2014)
      36 words
    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 8 STI MSCI EAFE WEEKLY MSCI EAFE index April 24,2015 1,931.94 +35.88 (+1.89%) Current streak 2 days Week high 1,931.94 Week low 1,897.83 52-week high 1,993.20 (July 4, 2014) 52-week low 1,729.52 (Jan 9, 2015)
      34 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 11 2 0 0 0 4 11 2 Manufacturing 58 98 18 12 21 9 70 119 27 Commerce 15 49 12 5 16 1 20 65 13 Tpt/Stor/Comms 15 21 5
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 153,076 153,076 435,269 435,269 Manufacturing 1,427,401 376,674 1,804,075 531,844 26,988 558,832 Commerce 586,082 1,221,076 1,807,158 426,404 19,579 445,983 Tpt/Stor/Comms 849,766 13,593 863,359 1,153,435 1,100 1,154,535 Finance 170,042 1,574 171,616 1,184,268 435 1,184,703 Construction 735,510 191,397
      123 words
    • Article
      Lock icon Oil hits 2015 peak as Saudis resume strikes on Yemen
      770 8 COMMODITIES London BRENT oil prices jumped last week to the highest level so far this year, as the latest Saudi-led air strikes on Yemen stoked supply tensions in the crude-rich Middle East. Elsewhere, precious metal gold sank on sliding safe-haven
      770 words
    • Article
      Lock icon MOST ACTIVE
      35 8 VOLUME WE R 694,637,300 SinoConstruction 570,880,500 SIIC Environment 319,561,400 IHC 234,472,700 Pacific Andes 217,098,900 Market volume 10,850,184,000 VALUE Singtel 488,282,981 DBS Grp 359,748,768 UOB 324,939,559 OCBC Bank 236,585,678 SGX 235,210,089 Market value 6,260,642,000
      35 words
    • Article
      Lock icon SGX ETFs Most Active
      109 8 Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap UETF SSE50China 316 +14 1542 316/297 316/140 314/316 98.8 IS MS India US$ US747 -46 950 800/747 1000/636 747/752 93.4 STI ETF 352 unch 730 353/349 355/319 351/353 Nikko AM STI ETF 357 unch 299 359/356
      109 words
    • Article
      Lock icon COMPANY MEETINGS
      113 8 COMPANY MEETING PLACE DATE TIME AEI Corp A 12 Penjuru Lane 27-Apr 9.00am E Jurong Town Ind Est 27-Apr 10.00am Annaik Ltd A 52 Tuas Ave 9 27-Apr 10.00am Boardroom Ltd A NTUC Centre (Lvl 7) 1 Marina Boulevard Room 701 27-Apr 3.00pm Bumitama Agri A The Fullerton
      113 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      76 8 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
      76 words
    • Article
      Lock icon US dollar falls for 2 weeks in a row
      402 9 CURRENCIES BLOOMBERG New York THE dollar dropped for a second week as data on the world’s largest economy persistently trailed forecasts, raising questions about whether the Federal Reserve will have scope to raise interest rates this year. The greenback fell against
      BLOOMBERG  -  402 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Apr 24 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.947 4.840 0.717 6.052 49.560 100.892 0.932 8.422 2.791 1.030 79.328 34.559 1.043 9.461 0.744 24.060 25.348 0.516 0.781 Canada 1.056 5.111
        471 words
      • Article, Illustration
        Lock icon HANG SENG
        3 9 WEEKLY
        3 words
      • Article, Illustration
        Lock icon NIKKEI
        2 9 WEEKLY
        2 words
      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        3 9 COMPOSITEWEEKLY
        3 words
      • Article, Illustration
        Lock icon DOW JONES
        3 9 WEEKLY
        3 words
      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 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
        Lock icon US$/S$ FORWARD RATES
        22 9 Apr 24 S$ Bid Offer 1-month 1.3365 1.3375 2-months 1.3370 1.3380 3-months 1.3374 1.3385 6-months 1.3399 1.3412 Source: OCBC
        22 words
    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        395 9 Apr 24 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.69 *****.69 *****.83 Apr15 *****.00 *****.50 *****.50 *****.00 *****4 *****7 May15 *****.50 *****.50 *****.00 *****.00 ***** *****1 NIKKEI 225 INDEX FUTURES SPOT *****.47 *****.47 *****.74 Jun15 *****.00 *****.00 *****.00 *****.00 ***** *****8 Sep15
        395 words
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        201 9 Most active Apr 24 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 3.6 -0.3 ***** 1 18 18 OCBC Bk MB eCW*****3 10 -1.6 ***** 0.2 1050 4 Top Global Ltd W*****9 0.1 unch *****
        201 words
      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 9 In local curr In S$ In US$ dy yr dy yr dy yr Apr 24 Index Change Change Change Change Change Change World Preliminary 1367.3 0.2 7.2 -0.5 5.9 0.4 5.3 EAFE Preliminary 1119.6 0.2 13.5 -0.2 9.5 0.8 8.8 Europe Preliminary 1569.0 0.3 13.6
        373 words
    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Apr 24 $S Offer Bid 0vernight 0.03 Par 1-month 0.75 0.625 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.03 US$ 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
        154 words
      • Article
        Lock icon SIBOR
        36 9 Apr 24 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
        36 words
      • Article
        Lock icon GOVERNMENT SECURITIES
        65 9 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
    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Apr-24 Price Net change change Last Trade Agricultural Apr-24 CBOT Soybeans (US cents/bu) 969.75 -8.50 -0.87% 14/05/2015 CBOT Soybean Oil (US cents/lb) 31.67 -0.35 -1.09% 14/05/2015 CBOT Wheat (US cents/bu) 486.00 -11.75 -2.36% 14/05/2014 Apr-24 LIFFE Cocoa (£/tonne) 1965.00 49.00 2.56% 13/05/2015 LIFFE Coffee (US$/tonne) 1795.00 -16.00 -0.88%
        250 words
    • Article
      Lock icon Buying falls, selling among directors still at low
      1237 10  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia Insider Ltd THE buying fell while the selling among directors remained low based on filings on the Exchange in the fourth week of April. A total of 12 companies recorded
      1,237 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      2832 10 Payment Ex Rec Pay Ann (cts) date date date date 8Telecom Intl by 0.130 07-May 11-May 25-May 13-Apr 8Telecom Intl bn 0.130 07-May 11-May 25-May 13-Apr ABR Hldgs ak 1.500 06-May 08-May 28-May 10-Apr Adv Integrated Mufg ak 0.230 06-May 08-May 20-May 27-Feb AIMS Property Sec Fd (1
      2,832 words
    • Article
      Lock icon PRIME LENDING RATES
      277 10 Apr 24 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications 5.50 Bank of East Asia 6.00 Bank of China Limited ...5.50 Bank of Tokyo-Mitsubishi ...5.50 Banque Internationale a ...5.75 Bank of Singapore BNP Paribas
      277 words
    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1521 10 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price ACCORDIA GOLF TRUS 1.00 1.00 1 0.04 0.04 1.07 0.80 AIMS AMP CAP INDUS 1.00 1.00 1 0.09 0.09 1.77 1.51 AMTEK ENGINEERING 1.00 1.00 1 0.10
      1,521 words
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      224 5 AccountStaff® A Stone Forest Company Globally Connected RSM International SWAT Accounting i Meet urgent audit deadlines Deal with sudden staff departures System change and data migration www.AccountStaff.com.sg info@accountstaff.com.sg T+65 6594 7946 MAKE AN ENTRANCE WITHOUT SAYING A WORD. Designed to impress, the Lexus RX 270 SPORT will elevate the experience
      224 words
Page thumbnail Page 6
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      60 6 Hospitality Investment Conference Indian Ocean Maldives Mauritius. Seychelles Sri Lanka 25-26 May 2015 Galle Face Hotel, Colombo A New Era Group bookings available too! Enjoy up to 20% discount* if you sign up in groups of 3 or 6. *Terms and conditions apply To register, visit www.hicio.sphereconferences.com or contact Habibah
      60 words
    • Advertisement
      Lock icon Page 6 Advertisements Column 2
      274 6 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
      274 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      35 7 Congratulations to Dato’ Sri Dr Tahir Executive Chairman of Bank Mayapada Chairman of Tahir Foundation On the Official Opening of the Tahir Foundation Building At the National University of Singapore Sam Goi Warm Wishes from
      35 words
Page thumbnail Page 8
Page thumbnail Page 9
Page thumbnail Page 10
Page thumbnail Page 11
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      1164 11 A SPECIAL FEATURE PRESENTED BY Trading the Asian markets Close monitoring of global and regional developments is essential for the active and short-term trader. Nonetheless, an appropriate risk and money management system may help investors achieve a profitable outcome INTEREST in trading Asia has risen in tandem with the region’s
      1,164 words
Page thumbnail Page 12
  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon China: This time it’s different
      2420 12  -  Chinese banks can recapitalise as the stock market surges and international capital flows come.BY come.BY MARK TINKER The writer is head of axa Framlington Asia. This piece is from his April 21, 2015 note. THE Rubik’s Cube of Chinese reform continues to click into place.
      PHOTO: REUTERS; Source: Bloomberg  -  2,420 words
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      113 12 GET STARTED NOW Be a young investor Do you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      113 words
Page thumbnail Page 13
  • REAL ESTATE
    • Article
      Lock icon Plots in Argentina’s Napa up for sale to investors
      825 13 Cheap land in Uco Valley Malbec wine country is attracting foreigner attention BLOOMBERG Buenos Aires AS an autumn chill settles over the southern hemisphere, the harvested Argentine vineyards mottling yellow and russet, Jose Manuel Ortega’s winery rises amid snow-capped Andean foothills.
      BLOOMBERG  -  825 words
    • Article, Illustration
      Lock icon Luxury-housing boom in London fizzles out
      396 13 Price gains in best neighbourhoods trail poorer districts and other large UK cities BLOOMBERG London LONDON’S luxury-housing boom is running out of steam, with price gains in the city’s best neighbourhoods trailing poorer districts and other large UK cities. Home values in the Kensington
      BLOOMBERG; PHOTO: BLOOMBERG  -  396 words
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      128 13 Equity investment totals have reached $66 trillion worldwide. In the U.S. alone, equity markets have grown more than 180% since 2009. With that much at stake Ð for individuals as well as institutions Ð mutual funds, retirement funds and endowment funds need a way to manage the risks of stock
      128 words
Page thumbnail Page 14
  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Engaging stakeholders
      3063 14 THIS WEEK’S TOPIC How can companies improve the quality of interaction with shareholders at annual general meetings? Should shareholders be limited at the AGM to the agenda set by the company? Should there be more avenues, beyond the AGM, for shareholders to engage with the management? Lee Fook
      FILE PHOTO  -  3,063 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      56 15 c c =m tn r\ a JL rVn’—' r\ 9 u UU =n 2 R v CnFAWi as --i *«> 1 < i mm mi iirtiiirhTr**-** w 1 The muse comes when you least expect it. If you've had that aha moment, submit your best work for the 11th SPH
      56 words
Page thumbnail Page 16
  • BANKING & FINANCE
    • Article
      Lock icon Deutsche faces tough task paring back retail, investment banking
      665 16 REUTERS Frankfurt IF running a global bank is complicated, cutting one back is even more difficult. Deutsche Bank faces a long and costly battle, analysts say, to sell Postbank and pare investment banking, the new strategic goals it outlined late on
      REUTERS  -  665 words
    • Article, Illustration
      Lock icon The mass exodus at China’s top state banks
      650 16 More bankers join financial firms after cuts to pay, perks in Beijing’s anti-graft efforts REUTERS Shanghai BANKERS at China’s top state lenders are quitting in increasing numbers because of cuts to their pay and perks, and moving to a new breed of
      REUTERS; PHOTO: BLOOMBERG  -  650 words
    • Article
      Lock icon UBI not ruling out tie-up with Monte dei Paschi: CEO
      384 16 REUTERS Bergamo, Italy UBI, Italy’s fifth-biggest bank, does not rule out a tie-up with troubled Monte dei Paschi di Siena but will not be pushed into an unwanted deal, its chief executive said on Saturday. UBI is one of 10
      REUTERS  -  384 words
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      1090 16 The Business Times Ik ~TI Toll free 1800-289-8822 I M I I Email notices@sph.com.sg I V i j L J www.sphclass.com.sg/notices I Standard Bank Plc Consolidated balance sheet at 31 December 2014 2014 2013 $m $m Assets Balances with central banks 1 432.9 1 343.8 Derivative assets 8 225.6 4
      1,090 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 2
      716 16 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF TESEQ PTE. LTD. (CO REG NO: *****6157K) (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed company duly convened and held at 43 Changi South Avenue 2 #04-01 Singapore *****4 on the 23rd
      716 words
Page thumbnail Page 17
  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Like shale oil, solar power is shaking up global energy
      736 17 Solar has become cost competitive in most major economies; costs have fallen 80% in last decade REUTERS Tokyo ONE by one, Japan is turning off the lights at the giant oil-fired power plants that propelled it to the ranks of
      REUTERS; PHOTO: REUTERS  -  736 words
    • Article, Illustration
      Lock icon Solar batteries may soon light up US homes
      1441 17 Tesla set to unveil this week a new, noiseless easy-to-install battery WP Rockville, united States THE future of home energy sits in Josh and Susan Fried’s basement near shelves of old tools and canned soup, an unadorned box the size of a
      WP; PHOTO: REUTERS  -  1,441 words
    • Article
      Lock icon Oil glut is a strain on West Texas storage tanks
      507 17 REUTERS New York FOUR hundred miles from the near-over-flowing tanks at the US oil hub in Cushing, Oklahoma, a second glut in the Permian Basin of West Texas is pressuring oil prices once again as pipeline disruptions strand millions of
      REUTERS  -  507 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      352 17 RICKMERS MARITIME Registration Number: *****03 (Constituted under the laws of Singapore) Managed by Rickmers Trust Management Pte. Ltd. NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Rickmers Maritime will be closed at 5.00 p.m. on 5 May 2015
      352 words
Page thumbnail Page 18
  • TECHNOLOGY
    • Article, Illustration
      Lock icon Privatised Dell looking to capture greater market share in Asia-Pacific
      1363 18  -  Firm’s full-year revenue has grown 4% while operating income has risen 38%, says its senior VP and CFO By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore COMPUTER major Dell completed its first full fiscal year of operations as a private company
      1,363 words
    • Article
      Lock icon Alibaba, China Telecom tie up to sell inexpensive smartphones
      319 18 REUTERS Shanghai CHINESE e-commerce leader Alibaba Group Holding Ltd and state-owned China Telecom Corp Ltd have tied up to sell inexpensive smartphones aimed at boosting mobile commerce in smaller cities and rural areas. The phones, dubbed “Tianyi Taobao Shopping Handsets”, will
      REUTERS  -  319 words
    • Article
      Lock icon Revitalising growth in emerging markets
      798 18  -  TTYOU SAY BY KAZUHIRO OZAWA T The author is director of Regional Business imaging Solutions Division, Canon Singapore EMERGING market economies enjoyed a period of robust growth from 2000 to 2012, in part due to earlier structural reforms and spillovers from foreign direct investment. In
      798 words
  • Page 18 Advertisements
    • Advertisement
      Lock icon Page 18 Advertisements Column 1
      250 18 CK Ee Co-Founder Chief Operating Officer Asia Charts Pte Ltd Do you observe that some stocks have erratic price movements and the prices of some seemingly unknown stocks skyrocketed within a short time span? Learning to trade can be a frustrating endeavour if you do not have the right skills
      250 words
    • Advertisement
      Lock icon Page 18 Advertisements Column 2
      42 18 REDEFINING IDEAS 4 printpack+sign Singapore’s printing, packaging signage business exhibition |i 9 4 M > 29-31 JULY 2015 Marina Bay Sands, Singapore www.PrintPackSign.com Interested to exhibit? Tel: (65) 6848 5938 Email: PrintPackSign@bizlink.com.sg Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF SjSl
      42 words
    • Advertisement
      Lock icon Page 18 Advertisements Column 3
      28 18 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
      28 words
Page thumbnail Page 19
  • CONSUMER
    • Article, Illustration
      Lock icon Pakistan eyes halal export boost
      766 19 Government takes tougher stand on products containing alcohol, pork derivatives AFP Islamabad FRUITY sweets and packets of chicken soup that fall foul of halal laws are disappearing from Pakistan’s shop counters as the country looks to clean up its Islamic food credentials to boost exports
      AFP; PHOTO: AFP  -  766 words
    • Article
      Lock icon Shapewear maker Spanx tries to loosen up its image
      826 19 NYT New York SPANX, the flab-obscuring, body-sculp-ting line of bras and bodysuits, helped a generation of women squeeze into ever-tinier dresses. Now it’s struggling with its own image problem. “Compression is just so 15 years ago,” said Jacqui Stafford, a fashion
      NYT  -  826 words
    • Article, Illustration
      Lock icon British parties stand by revered NHS principles despite funding gap
      981 19 NYT London THE room was bare and crowded, and as patients waited impassively to see a doctor, workmen laboured noisily around them installing seating while one man vomited discreetly into a bucket. Sometimes, when visiting a hospital here, it is
      NYT; PHOTO: AFP  -  981 words
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      927 19 The Business Times NOTICES 1 I IN THE MATTER OF THE COMPANIES ACT( CHAPTER 50) AND IN THE MATTER OF BRENTWOOD VENTURES PTE. LTD. (In Members’ Voluntary Liquidation) Reg No. *****2115Z NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50,
      927 words
Page thumbnail Page 20
  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Aftershocks cause more terror as Nepal quake toll tops 2,400
      751 20 Tremors trigger fresh avalanches at Everest base camp; country’s hospitals are overwhelmed with victims AFP Kathmandu POWERFUL aftershocks rocked Nepal on Sunday, further rattling survivors of a quake that killed more than 2,400 and triggering fresh avalanches at Everest base
      AFP; PHOTO: AFP  -  751 words
    • Article
      Lock icon Prevention of future financial collapse difficult
      1024 20  -  Alleged role of a single day trader in ‘flash crash’ suggests US and UK regulators are very late in the day By Neil Behrmann btworld@sph.com.sg London ALLEGATIONS that a single UK day trader caused the “flash crash” five years ago indicate that regulators and
      1,024 words
    • Article
      Lock icon Emerging economies seen as a drag on global growth: report
      600 20  -  By Anthony Rowley btworld@sph.com.sg Tokyo FROM being the darlings of the market when advanced economies slumped after the global financial crisis, many emerging economies are being seen now as a drag on global growth with China’s slowdown impacting Asia generally,
      600 words
    • Article, Illustration
      Lock icon Whoever wins election, Britain faces more austerity medicine
      611 20 AFP London IN the cacophony of slogans ahead of Britain’s general election on May 7, one thing is for sure the country faces more austerity whichever party wins. Conservative Prime Minister David Cameron positions himself as a saviour who rescued the debt-ridden
      AFP  -  611 words
    • Article, Illustration
      Lock icon India’s SMEs still to gain from new government
      753 21 AFP New Delhi WHILE Narendra Modi may be the toast of India’s titans of industry, bosses of the army of small and medium-sized businesses (SMEs) are beginning to grow impatient for change a year into his premiership. With the economy now outpacing
      AFP; PHOTO: AFP  -  753 words
    • Article
      Lock icon Indonesia faces int’l resistance to imminent executions
      676 21 world leaders fire last minute appeals for leniency for drug smugglers BLOOMBERG Canberra INDONESIA is facing an international backlash as it prepares to execute 10 convicted drug smugglers by firing squad as early as Tuesday, with Australia issuing a last-ditch appeal for clemency
      BLOOMBERG  -  676 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      2615 21 The Business Times Ik ~T I 1 I /"I I 1 Toll free 1800-289-8822 I I Email notices@sph.com.sg I V i www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF WALLICH PTE. LTD. (INCORPORATED IN SINGAPORE) COMPANY REGISTRATION NUMBER: *****3048Z Notice of Resolution for
      2,615 words
Page thumbnail Page 22
  • TRANSPORT
    • Article, Illustration
      Lock icon Volkswagen chairman quits in power struggle with CEO
      479 22 Piech was isolated in a five-to-one vote of Volkswagen’s steering committee REUTERS Frankfurt FERDINAND Piech, a towering figure at Volkswagen for more than two decades, resigned as its chairman on Saturday after losing a showdown with chief executive Martin Winterkorn. Mr Piech,
      REUTERS; PHOTO: AFP  -  479 words
    • Article, Illustration
      Lock icon Flights disrupted as Chile’s Calbuco volcano spews more ash
      632 22 AFP Puerto Varas, Chile ASH from Chile’s spewing Calbuco volcano threatened on Saturday to spell travel misery in the region and beyond after it triggered the cancellation of domestic and international flights in several cities. A sleeping giant for more than
      AFP; PHOTO: AFP  -  632 words
    • Article
      Lock icon Protesters call for independent inquiry into Sewol ferry disaster
      368 22 AFP Seoul HOLDING yellow balloons and carrying banners, thousands of protesters marched in the South Korean capital on Saturday, calling for an independent probe into last year’s ferry disaster. Four different processions converged in central Seoul to protest at alleged government
      AFP  -  368 words
    • Article, Illustration
      Lock icon US airlines post record profits in first quarter amid lower fuel prices
      843 22 NYT New York THERE was an unmistakable shift in tone in the airline industry last week as America’s top carriers all reported record earnings because of lower fuel prices and strong demand for domestic air travel. The airlines
      NYT; PHOTO: BLOOMBERG  -  843 words
    • Article
      Lock icon Goodyear to build US$500m tyre factory in central Mexico
      296 22 AFP Mexico City US tyre maker Goodyear will build a half-billion-dollar factory in central Mexico that will produce six million tyres a year for customers across the Americas, the company said on Friday. Goodyear is the third auto sector company to
      AFP  -  296 words
Page thumbnail Page 23
  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    1939 23 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL KUC MUA KK JKT SEPANG EXPRESS 9 100 30/4 1/5 3/5 MALAYSIA STAR 45 50 9/5 10/5
    1,939 words
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      103 23 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES Make A Splash In The Maritime World Via itime.coM Ahoy there! If you are in a business pertaining to any sector of the maritime industry,
      103 words
Page thumbnail Page 24
  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Lang Lang, Tracy Huang join Sing50 concert
      974 24  -  Tickets at S$20 go on sale on Monday for Sing50, the mega-concert of the year organised by BT and ST Reports by Helmi Yusof helmi@sph.com.sg @HelmiBT Singapore YOU may never again see such a constellation of stars on stage as you will on
      974 words
    • Article, Illustration
      Lock icon TAKING HEART
      431 24  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Saving plastic bags WHO knew that plastic bag rebates could make such a difference? According to NTUC FairPrice, over nine million plastic bags were saved and more than S$450,000 in rebates were given out last year through its Green Rewards Scheme. The initiative
      431 words
    • Article, Illustration
      Lock icon Central Asian art takes centre stage
      186 24  -  By Helmi Yusof CENTRAL Asia took the spotlight at the art exhibition New Silk Roads: Painting Beyond Borders which runs until Monday at the Ion Art Gallery, Ion Orchard. For the first time, the works of five modern and contemporary artists from the Central
      186 words
  • Page 24 Advertisements
  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      317 24 CRYPTIC CROSSWORD Across 1 Producer of stamps in Spain? (8,6) 10 Tastefully restrict endless urge to check former bald patch (9) 11 In retrospect Bob Marley by and large a hero on screen (5) 12 What John Peel might have called house record previously (5-2) 13 Insecure United fans agitated
      317 words
Page thumbnail Page 25
  • DINING OUT
    • Article, Illustration
      Lock icon Juicy, tasty spread – duck in
      1140 25  - Juicy, tasty spread duck in Whether you like your Chinese food old-fashioned or NEW old-fashioned, two entrants to the F&B scene here offer comforting familiarity which could aim higher but is reassuringly down-to-earth. BY JAIME EE down-to-earth.BY JAIME EE NEW RESTAURANTS Four Seasons Chinese Restaurant Capitol Piazza 13 Stamford Road
      1,140 words
  • Page 25 Advertisements
    • Advertisement
      Lock icon Page 25 Advertisements Column 1
      823 25 A special feature brought to you by THE TRAFFIC OF SUCCESS I Every one of us is pursuing success, however we define it. The pursuit of success is like travelling on the road, where you see different vehicles and traffic conditions. Some people are moving fast, others are travelling slowly.
      823 words
Page thumbnail Page 26
  • Page 26 Advertisements