The Business Times, 28 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: 52
1 28 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 OoBlBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 Tuesday, April 28,2015
    23 words
  • DAILY DIGEST
    • Article
      Lock icon Prime Minister Lee Hsien Loong
      26 1 urged Asean leaders to focus on the remaining tough issues and give the Asean Economic Community a “strong push”.TOP STORIES 2
      26 words
    • Article
      Lock icon More international schools
      22 1 offering education in a foreign curriculum have been called on to set up shop in Singapore. TOP STORIES 3
      22 words
    • Article
      Lock icon HSBC Holdings’
      19 1 shares jumped following a report that it may spin off its UK consumer bank. TOP STORIES 3
      19 words
    • Article
      Lock icon Developers can now
      26 1 make it harder for contractors to seek an injunction on calls for unconditional performance bonds used in building works contracts. TOP STORIES 4
      26 words
    • Article
      Lock icon Sembcorp Marine
      22 1 posted a 13.6 per cent fall in Q1 profit, dragged by lower revenue from rigbuilding and repair. COMPANIES MARKETS 6
      22 words
    • Article
      Lock icon QAF said it was
      21 1 evaluating options to restructure Gardenia Bakeries (KL) Sdn Bhd, a 70 per cent-owned subsidiary. COMPANIES MARKETS 7
      21 words
    • Article, Illustration
      Lock icon Deutsche Bank will cut
      25 1 200 billion euros in investment bank assets and exit a tenth of the countries in which it operates. BANKING FINANCE 12
      25 words
    • Article
      Lock icon Plunging iron ore prices
      29 1 are providing a lifeline for China’s steel mills, but raising the prospect of a rising tide of exports and friction with EU. ENERGY COMMODITIES 16
      29 words
    • Article
      Lock icon The US ice-cream
      16 1 industry’s widening listeria scare has prompted five companies to recall products. CONSUMER /18
      16 words
    • Article
      Lock icon The Airbus A380
      21 1 aircraft has failed to win a single order from any new airline customer for two years. TRANSPORT 19
      21 words
    • Article
      Lock icon Nepal’s economy
      23 1 was already slowing before a 7.8-magnitude earthquake killed at least 3,900 people. Now, near-term growth is set to contract. GOVT ECONOMY/20
      23 words
  • Article
    Lock icon MARKETS
    27 1 Monday Change STI 3,515.85 +2.85 KL COMP 1,859.58 -3.00 NIKKEI 225 19,983.32 -36.72 HANG SENG 28,433.59 +372.61 SHENZHEN B 1,398.24 +1.34 DOW (noon EDT) 18,113.94 +33.80
    27 words
  • Article
    Lock icon Swee Say endorses Chan Chun Sing as the best man for labour chief job
    820 1  -  He says new NTUC sec-gen has the right qualities, and his relatively short stint as member of the labour movement not an issue By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore WHEN Chan Chun Sing reports for work
    820 words
  • Article, Illustration
    Lock icon Straits Trading’s Chew Gek Khim clinches top business award
    935 1  -  Other SBA winners are Mapletree CEO, managing director of Affin Hwang and Sheng Siong Group By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore CORPORATE leaders who charted ambitious growth strategies to take their companies to the next level were honoured at the Singapore
    PHOTO: YEN MENG JIIN  -  935 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      211 1 Hill 8 '*****1 *****4 SALE OF SHOPHOUSES Joo Chiat shophouse block sold for $16.8m REAL ESTATE 10 Exclusively available at: r 03 S JV i CO s 0> .v r. ISTUDOR HERITAGE RANGER Self-winding mechanical movement, waterproof to 150 m, steel case 41 mm. Visittudorwatch.com and explore more. Tudor Boutique
      211 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      21 1 CORPORATE RESULTS DBS posts record S$1.27b profit for Q1 COMPANIES MARKETS 5 BEATING THE COMPETITION The sky’s the limit SME 28
      21 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 3
      14 1 CHAMPION GRUMBLERS The complaining customer is a potentially happy one CUSTOMER SATISFACTION INDEX 13-15
      14 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 4
      10 1 VISION AND LEADERSHIP Don’t miss our Singapore Business Awards special
      10 words
Page thumbnail Page 2
  • TOP STORIES
    • Article, Illustration
      Lock icon PM Lee urges Asean leaders to give AEC a push
      561 2  -  Key issues that need tackling include greater services liberalisation, air transport services, and the Regional Comprehensive Economic Partnership ASEAN SUMMIT By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Kuala Lumpur AS THE deadline for the Asean Economic Community (AEC) nears, Prime Minister
      PHOTO: AZIZ HUSSIN/THE STRAITS TIMES  -  561 words
    • Article
      Lock icon Territorial spats can derail region: PM Lee
      401 2  -  It’s in Asean’s interest to have stability, freedom of navigation and overflight in South China Sea By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Langkawi PRIME Minister Lee Hsien Loong wants Asean to urgently tackle the rising tensions in the South China Sea and terrorism,
      401 words
    • Article, Illustration
      Lock icon NTUC to host new global conference on tripartism in October
      595 3  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE National Trades Union Congress (NTUC) is organising a new global conference later this year to discuss tripartism and to share Singapore’s experience of it with other countries, said outgoing labour chief Lim Swee
      PHOTO: KUA CHEE SIONG/THE STRAITS TIMES  -  595 words
    • Article
      Lock icon BHP fighting A$522m tax bill on Singapore marketing hub
      428 3 REUTERS Melbourne BHP Billiton is contesting A$522 million (S$545 million) in Australian tax bills on its Singapore marketing operations up to 2010, after having paid almost no tax in Singapore since 2006, the global miner told an Australian Senate panel. The
      REUTERS  -  428 words
    • Article
      Lock icon HSBC shares soar in London, HK on report it may spin off UK consumer bank
      536 3 BLOOMBERG London HSBC Holdings plc’s shares jumped the most in more than a year in London after a newspaper report saying the lender may spin off its UK consumer bank as the company pledged to
      BLOOMBERG  -  536 words
    • Article
      Lock icon Singapore seeks to attract more foreign system schools
      481 3  -  It will make available sites with longer leases to encourage long-term investment and enhance quality of education By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore MORE Foreign System Schools (FSS) international schools offering primary or secondary education in accordance with a foreign curriculum such
      481 words
    • Article, Illustration
      Lock icon Spotify lives out its vision of building a ‘new music economy’
      599 4  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore THE music industry is no stranger to disruption. Vinyl records, cassette tapes and compact discs were once the rage until piracy through digital file-sharing platforms like Napster appeared in the late 1990s and
      PHOTO: YEN MENG JIIN  -  599 words
    • Article
      Lock icon Landmark ruling on performance bonds in building contracts
      700 4  -  Developer’s call on S$7.7m bond after ending contractor’s services upheld by Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore PROPERTY developers can now make it harder for contractors to seek an injunction against calls for unconditional performance bonds used in building works contracts following a
      700 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      168 3 MBFC TOWER 2 1 PSA BUILDING r SIX BATTERY RD 8? SUNTEC TOWER 3 1 THE METROPOLIS SINGAPORE’S FINEST SERVICED OFFICES Fully furnished prestigious offices Business registration offices available Dedicated receptionist answering your calls the way you would like Meeting rooms, bilingual secretaries Global IT infrastructure 5 days free at
      168 words
Page thumbnail Page 4
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      229 4 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
Page thumbnail Page 5
  • COMPANIES & MARKETS
    • Article
      Lock icon Loans growth estimate cut to 6% this year
      498 5  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore DBS Group Holdings expects 6 per cent loans growth for 2015, said chief executive Piyush Gupta on Monday. That is down from the previous estimate of 8 per cent, he said at a press conference
      498 words
    • Article, Illustration
      Lock icon UOB surges to all-time high of S$25.05
      303 5  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore UNITED Overseas Bank (UOB) rose to an all-time high of S$25.05 on Monday. At S$25.05, it was up 35 cents or 1.42 per cent with heavy turnover of 3.09 million shares traded. UOB’s six- month daily
      Source: Bloomberg  -  303 words
    • Article
      Lock icon DBS posts record S$1.27b profit for Q1
      715 5  -  Growth broad-based across all business units; loans rise 11% By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore DBS Group’s net profit for Q1 2015 rose to a record S$ 1.27 billion, up 3 per cent, led by higher fee income and trading gains. Its
      715 words
    • Article
      Lock icon New orders drying up for Sembcorp Marine
      488 6  -  Rigbuilder’s Q1 net profit slips 13.6% to S$105.9m, with no rig orders in the quarter By Melissa Tan melissat@sph.com.sgj @MelissaTanBT Singapore ALL SEEMS quiet on the order book front for rigbuilder Sembcorp Marine, which posted a sombre set of first-quarter earnings on Monday
      488 words
    • Article
      Lock icon HPH Trust raising tariffs by up to 10%
      504 6  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore HUTCHISON Port Holdings Trust (HPH Trust) is raising its port tariffs by up to 10 per cent as it seeks to prepare its ports to handle more mega container ships, it said in a media briefing
      504 words
    • Article
      Lock icon FCOT to build 16-storey hotel at its China Square Central site
      749 6  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore FRASERS Commercial Trust (FCOT) on Monday signed an agreement for a Frasers Centrepoint Limited (FCL) entity to build a 16-storey hotel at its China Square Central site. The hotel, which will take three
      749 words
    • Article
      Lock icon Raffles Medical Q1 profit edges up 2.9%
      336 6  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore Singapore PRIVATE healthcare provider Raffles Medical Group posted a 2.9 per cent year-on-year rise in net profit to S$ 14.98 million for Q1 FY15, while revenue jumped 8.5 per cent to S$95.02 million. Revenue was higher on
      336 words
    • Article
      Lock icon Market players expect T+2 to be global norm
      357 6  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore A PROPOSAL to shorten the Singapore securities market’s settlement period to two days could be in line with global currents. Most market professionals around the world expect two-day settlement cycles to become the global norm within
      357 words
    • Article
      Lock icon QAF studying ways to restructure M’sia unit
      496 7  -  Move appears to be made to comply with equity condition under Malaysia’s former New Economic Policy By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore QAF, known for its Gardenia and Bonjour brands of bread, said that it was evaluating options to restructure Gardenia Bakeries (KL)
      496 words
    • Article
      Lock icon Aztech Q1 profit down on one-off costs
      281 7  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore DRAGGED down by higher expenses from one-off start-up costs, Aztech Group posted a 27.5 per cent slide in net profit to S$ 1.22 million for the first quarter ended March 31. This was due to the setting
      281 words
    • Article, Illustration
      Lock icon EMS Energy up 8.7% on merger plans with Koastal Group
      480 7  -  HOT STOCKS By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore SHARES of offshore marine service provider, EMS Energy, surged on Monday, after it announced plans to merge with engineering, procurement and construction management firm, Koastal Group, for S$150 million. The deal
      Source: Bloomberg  -  480 words
    • Article, Illustration
      Lock icon Otto Marine’s shares tumble over creditor’s winding-up application
      309 7  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore SHARES of shipbuilder Otto Marine tumbled to a two-week low on Monday after the company said over the weekend that an unnamed creditor is attempting to wind it up over about S$ 1.6 million in debt.
      Source: Bloomberg  -  309 words
    • CORPORATE DIGEST
      • Article
        Lock icon Yangzijiang Shipbuilding
        77 7 YANGZIJIANG Shipbuilding on Monday said it plans to delist its Taiwan Depository Receipts (TDRs) on the Taiwan Stock Exchange (TSE). It noted that as at April 24, 2015, there were only 37 million TDRs that were held by the public. This constituted 15.48 per cent of the initial
        77 words
      • Article
        Lock icon Yanlord Land
        59 7 YANLORD Land on Monday said it was unaware of reasons for the recent surge in its share price. Shares of the property firm jumped 10.5 Singapore cents, or 8.9 per cent, to S$1.28 by the end of trading. Some 7.9 million shares changed hands. The Singapore Exchange had
        59 words
      • Article
        Lock icon Frencken Group
        43 7 FRENCKEN Group which offers manufacturing services for consumer products on Monday said it has appointed Dennis Au as president. The appointment will take effect from May 5. The group’s former president and co-founder Gooi Soon Hock died on Dec 30, 2014
        43 words
      • Article
        Lock icon Sing Investments & Finance
        58 7 Sing Investments Finance SING investments Finance on Monday said quarterly net profit fell 31.2 per cent amid lower net interest income. Net profit for the first three months ended March 31, 2015 stood at S$2.6 million, down from S$3.77 million a year ago. Net interest income and hiring charges were
        58 words
      • Article
        Lock icon Transit-Mixed Concrete
        46 7 TRANSIT-Mixed Concrete on Monday said full-year net profit rose 59 per cent on higher margins. Net profit for the 12 months ended Feb 28 stood at S$5.36 million, up from S$3.38 million a year ago. Gross profit rose 40 per cent to S$8.28 million.
        46 words
      • Article
        Lock icon Avic International Maritime
        57 7 AVIC International Maritime Holdings on Monday responded to a Singapore Exchange query, saying its internal controls are effective. it said its board has received assurance from its CEO and CFO that the financial records have been properly maintained and the financial statements give a true and fair
        57 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times Index April 27,2015 3,515.85 +2.85 (+0.08%) Current streak 3 days Day high 3,521.99 Day low 3,506.65 52-week high 3,539.95 (Apr 15, 2015) 52-week low 3,154.21 (Oct 16, 2014) FTSE ST Catalist Index April 27,2015 748.21 +3.59 (+0.48%) Current streak 2 days Day high 748.74 Day low
      63 words
    • Article, Illustration
      Lock icon Singtel, UOB help keep STI in the black
      638 8  -  Noble, Golden Agri, ThaiBev most intraday swinging STI stocks over first 15 sessions of this month STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index (STI) kicked off the week with a 2.85 points gain at 3,515.85 on Monday thanks mainly
      Source: Bloomberg  -  638 words
    • Article
      Lock icon STI STOCKS
      323 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 262 cd -5 267/261 271 219 5.6 6624.3 CapitaLand 376 cd +4 378/371 378 293 13.8 2.4 *****.9 CapitaMall Trust 224 xd -3 225/223 228 188.5 4.8 7770.6 CityDev 1060 cd +12
      323 words
    • Article
      Lock icon MOST ACTIVE
      35 8 VOLUME WE 147,958,900 SIIC Environment 55,299,500 Pacific Andes 51,881,900 Federal Int 50,883,500 SinoConstruction 50,639,900 Market volume 1,937,260,000 VALUE Singtel 102,492,133 DBS Grp 85,123,815 UOB 76,841,956 CapitaLand 53,963,412 HongkongLand USD 45,687,630 Market value 1,283,618,000
      35 words
    • Article
      Lock icon SGX ETFs
      113 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS India US$ US733 -14 527 755/731 1000/636 733/736 91.6 Lyxor HSI US$ US357 +7 201 358/348 358/275 354/360 31.1 ABF SG Bond ETF 115.6 +0.6 172 115.6/115.5 123.5/110.2 115.4/115.6 527.7 IS ASIA HYG US$
      113 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Apr 27 VALUE CLOSE BT OB/OS -7.00 -62.00 BT CADI -*****.00 +48.00 BT 10-day MA -*****.00 -1.00 FTSE ST Mid Cap 811.95 +5.67 FTSE ST Small Cap 509.73 +3.68 FTSE ST All Share 845.70 +1.84 FTSE ST China Top 216.34 +4.10 FTSE ST China 246.43 +1.28 FTSE
      77 words
    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share ftse ST All-Share index April 27,2015 845.70 +1.84 (+0.22%) Current streak 3 days Day high 846.09 Day low 842.70 52-week high 847.98 (Apr 15, 2015) 52-week low 762.71 (Oct 16, 2014)
      35 words
    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE index April 24,2015 1,931.94 +15.59 (+0.81%) Current streak 2 days Day high 1,935.94 Day low 1,915.12 52-week high 1,995.49 (July 3, 2014) 52-week low 1,697.01 (Jan 7, 2015)
      33 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 6 4 0 0 0 5 6 4 Manufacturing 51 44 47 7 8 9 58 52 56 Commerce 28 17 18 5 4 4 33 21 22 Tpt/Stor/Comms 18 9 14
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,877 16,877 58,591 58,591 Manufacturing 263,750 74,748 338,498 92,424 4,984 97,408 Commerce 184,100 183,311 367,411 97,553 3,122 100,675 Tpt/Stor/Comms 171,017 1,110 172,127 232,842 78 232,920 Finance 29,012 588 29,600 251,164 170 251,334 Construction 72,774 17,493
      123 words
    • Article
      Lock icon GAINERS
      78 8 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 255.8 0.9 *****/***** DBXT MSAsExJp US$ 4043 111.9 2.1 4064/3048 DBXT China50 US$ 4233 83.9 1.5 4233/2699 Lyxor ChinaH US$ 2023 76.0 2.9 2040/1280 DBXT MSUSA US$ 5399 73.3 1.0 5573/4668 BY PERCENTAGE CLOSE UP 52w high/low ISDN W*****0
      78 words
    • Article
      Lock icon LOSERS
      77 8 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -115.9 -0.8 *****/***** Jardine C&C 4200 -108.0 -2.5 4870/3850 DBXT MSINDO us$ 1412 -86.6 -4.4 1542/1324 DBXT MSEurope US$ 6049 -54.6 -0.7 6492/5366 DBXT Vietnam US$ 2479 -34.6 -1.0 3100/2338 BY PERCENTAGE CLOSE DOWN 52w high/low CN*****MBePW15 2.3 -42.5 -1.7
      77 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      81 8 VOL CLOSE($) CHANGE Willas-Array 2,868.0 0.184 +0.031 +20.26 WE 147,958.9 0.008 +0.002 +33.33 Debao Property 863.4 0.041 +0.007 +20.59 Kitchen Culture 16.0 0.255 -0.020 -7.27 ITE Electric 135.0 0.060 +0.014 +30.44 Advanced Systems 18,043.5 0.008 +0.001 +14.29 Federal Int 50,883.5 0.039 +0.007 +21.88 AVIC 183.4 0.118 -0.012 -9.23
      81 words
    • BROKERS’ TAKE
      • Article
        Lock icon CDW Holding
        100 8 Buy April 27 close: S$0.225 Target price: S$0.31 RHB Research, April 27 We initiate coverage on CDW with “buy” and a discounted cash flow-backed target price of S$0.31 (55 per cent upside). CDW produces and supplies high precision components and operates through three segments: i) LCD backlight units,
        100 words
      • Article
        Lock icon DBS Group Holdings
        144 8 Buy April 27 close: s$20.89 Target price: S$23.00 Phillip Securities Research, April 27 Strong start to FY15, Q1 FY15 core net profit beat Phillip Securities Research/consensus estimates slightly. Positive-35 per cent quarter-on-quarter growth in core net profit driven by solid fee income growth and net trading income
        144 words
      • Article
        Lock icon GuocoLeisure
        169 8  -  Compiled by Kenneth Lim Add April 27 close: S$0.935 Target price: S$1.18 CIMB Research, April 26 GuocoLeisure (GLL) announced that it would cease management of the 19 regional Thistle Hotels controlled by Lone Star Funds (LSF). After talking to management, we believe that the event has insignificant impact on
        169 words
    • Article
      Lock icon CALENDAR
      17 8 DATA I (April 28) Singapore Macroeconomic Review I (April 28) US Federal Open Market Committee Meeting
      17 words
    • Article
      Lock icon Greenback holds steady after disappointing data
      435 9 CURRENCIES REUTERS London THE US dollar steadied in the lower half of an increasingly intransigent range on Monday, recovering from another round of disappointing data last week that undermined expectations of a rise in US interest rates. The run of poor numbers, attributed mostly
      REUTERS  -  435 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Apr 27 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.952 4.853 0.720 6.053 49.734 101.307 0.931 8.385 2.785 1.027 79.455 34.583 1.041 9.451 0.747 23.896 25.507 0.516 0.781 Canada 1.051 5.099
        471 words
      • Article, Illustration
        Lock icon HANG SENG
        2 9
        2 words
      • Article, Illustration
        Lock icon NIKKEI
        1 9
        1 words
      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
        2 words
      • Article, Illustration
        Lock icon DOW JONES
        2 9
        2 words
      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Apr 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0405 1.0415 0.7809 0.7811 Canadian dollar 1.0929 1.0943 0.8207 0.8203 Euro 1.4455 1.4467 1.0849 1.0850 NZ dollar 1.0128 1.0143 0.7601 0.7607 Sterling pound 2.0175 2.0196 1.5142 1.5146
        155 words
      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Apr 27 S$ Bid Offer 1-month 1.3329 1.3342 2-months 1.3335 1.3347 3-months 1.3343 1.3358 6-months 1.3362 1.3378 Source: OCBC
        22 words
    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        404 9 Apr 27 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.64 *****.63 *****.64 Apr15 *****.00 *****.50 *****.00 *****.00 *****4 *****9 May15 *****.00 *****.00 *****.00 *****.00 *****8 *****7 NIKKEI 225 INDEX FUTURES SPOT *****.80 *****.24 *****.86 Jun15 *****.00 *****.00 *****.00 *****.00 ***** *****9 Sep15
        404 words
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        209 9 Most active Apr 27 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Noble Group MB eCW*****1 0.9 unch ***** 0.4 105 3 Rowsley Ltd W*****3 3.8 0.2 5587 1 18 18 FTSEChinaA50 ***** MBePW*****0 10.8 -0.6 4035 0.0 3
        209 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 27 $S Offer Bid 0vernight 0.04 0.02 1-month 0.75 0.625 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.03 US$ 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 27 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
        67 9 Apr 27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.56 102.62 102.62 5-Year N*****0H 1.625 01-Oct-19 100.5 10-Year NY*****H 3.000 01-Sep-24 107.42 107.70 107.60 15-Year NY*****E 2.875 01-Jul-29 105.49 105.65 105.55 20-Year NZ*****V 3.375 01-Sep-33 111.29 111.40 111.40
        67 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
  • Page 5 Advertisements
Page thumbnail Page 6
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      155 6 The Business Times Ik T/VPT/nj 1 P Toll free 1800-289-8822 I Email notices@sph.com, sg i i L J www.sphclass.com.sg/notices =^={*|..`=@='<~:)=:};(~[[%([.\. SENOKO CRESCENT ADMIRALTY WEST ROAD SUBJECT SITE SECTOR 2 WOODLANDSAVENUE 1 0 WOODLANDS TUAS SOUTH AVENUE 14 LINK1 PLOT 4 2 LINK SOUTH SOUTH TUAS 7 TUAS AVENUE ADMIRALTY STREET
      155 words
    • Advertisement
      Lock icon Page 6 Advertisements Column 2
      157 6 IN THE MATTER OF COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GS YUASA BATTERY SINGAPORE COMPANY PRIVATE LIMITED REG NO. *****0647K (In Members’ Voluntary Liquidation) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that the Final General
      157 words
    • Advertisement
      Lock icon Page 6 Advertisements Column 3
      24 6 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
      24 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      25 7 The Business Times NOTICES i i Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices
      25 words
    • Advertisement
      Lock icon Page 7 Advertisements Column 2
      222 7 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF CARIBE PTE. LTD. (Company Registration No. *****4986G) SAITAMA TODA PTE. LTD. (Company Registration No. *****3705E) AMB KASUGAI2 PTE. LTD. (Company Registration No. **********) AMB JAPAN CAPITAL PTE. LTD. (Company Registration No. *****5631N) (IN MEMBER'S VOLUNTARY LIQUIDATION!
      222 words
    • Advertisement
      Lock icon Page 7 Advertisements Column 3
      191 7 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF AMB HIGASHI-OGIJIMA PTE. LTD. (Company Registration No. *****0062M) AMB FUNABASHI 6 PTE. LTD. (Company Registration No. *****0345H) AMB TSURUMI PTE. LTD. (Company Registration No. *****1287D) AMB SHINKIBA PTE. LTD. (Company Registration No. *****9761M) (IN MEMBERS'VOLUNTARY LIQUIDATION)
      191 words
    • Advertisement
      Lock icon Page 7 Advertisements Column 4
      278 7 2-5 JUNE2015 mu Mb The 12 th International Information Technology Exhibition Conference for the Enterprise H BASEMENT 2, LEVEL 1 3 MARINA BAY SANDS, SINGAPORE 3=:: rj www.goto-enterpnselT.com THE BUSINESS WORLD CONNECTED mm Ml Over 1,200 international exhibitors will be showcasing their latest innovative solutions at Asia's leading sourcing platform
      278 words
Page thumbnail Page 8
Page thumbnail Page 9
Page thumbnail Page 10
  • REAL ESTATE
    • Article, Illustration
      Lock icon Joo Chiat freehold shophouse block sold for S$16.8m
      603 10  -  A company linked to OCBC’s Lee family selling the asset to a property fund manager By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore A FREEHOLD shophouse block comprising five units along Joo Chiat Road has been sold for S$16.8 million. The price works out
      603 words
    • Article
      Lock icon Danish households repaying home loans at record pace
      553 10 BLOOMBERG Copenhagen DANISH households, which carry the biggest gross debt loads of any population in the rich world, look to have turned a corner. Danes repaid their home loans at the fastest pace in history last year, according to the Association of
      BLOOMBERG  -  553 words
    • Article
      Lock icon Exec flat in Bishan sold for over S$1m in April
      402 10 STRAITS TIMES ONLINE Singapore DESPITE the declining resale flat price index, an executive flat in Bishan has sold for more than S$1 million this month. The 149 square metre executive maisonette in Blk 192, Bishan Street 13, changed hands for
      STRAITS TIMES ONLINE  -  402 words
    • Article, Illustration
      Lock icon Property scion shows what Japan lacks
      1417 11 Miwako Date, daughter of billionaire developer Akira Mori, is not only trail-blazing the way for women in Japan but also for the hotel industry BLOOMBERG Tokyo ANYONE wondering why Prime Minister Shinzo Abe is crusading to get more women running Japan’s male-dominated corporations should
      BLOOMBERG; PHOTOS: BLOOMBERG  -  1,417 words
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      129 10 LUXURY BOUTIQUE HOTEL PHUKET, THAILAND Located on Surin Hill, with stunning views of Surin Beach Andaman Sea Excellent location within 30 minutes’ drive to Phuket Airport and Patong Picturesque property of 48 luxury suites nestled amidst lush greenery Freehold tenure Sprawling grounds of 16,665.2 sq m For sale with vacant
      129 words
    • Advertisement
      Lock icon Page 10 Advertisements Column 2
      367 10 BOUTIQUE ROW COMMERCIAL CONSERVATION SHOPHOUSES FOR SALE 4.5% Good Returns Attractive for Foreigners Funds Call Susan 6222 5055 email: susan@isabelredrup.com 9sa£ef JZeJrup Cftjency V. www.isabelredrup.com A boutique real estate agency Agency Licence No: LB*****7E J RARE OPPORTUNITYTO ACQUIRE A PORTFOLIO OF FREEHOLD SHOPHOUSES na 2%: I U M N wi
      367 words
    • Advertisement
      Lock icon Page 10 Advertisements Column 3
      110 10 PRIZED COMMERCIAL SHOPHOUSES OFF VICTORIA STREET 3 adjoining units of 2-storey Conservation Shophouses Located between Victoria Street North Bridge Road Commercial Zoning: No ABSD Foreigners eligible Approved for‘Hotel’ use Land Area: Approx. 4,275 sf Total Floor Area: Approx. 7,91 I sf Minutes’ walk to Bugis Junction, Bugis+, Bugis Village and
      110 words
Page thumbnail Page 11
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      109 11 En Bloc Sale of Thong Sia Building 30 Bideford Road opp The Paragon Freehold 26-storey tower with naming rights Landmark location -150 m to Orchard Road Corner plot; Land: 21,602 sf/GFA: 156,303 sf Suitable for refurbishment or redevelopment 62,520 sf Commercial great for retail/medical* 93,780 sf Residential ideal for serviced
      109 words
    • Advertisement
      Lock icon Page 11 Advertisements Column 2
      532 11 NUS Institute of Real Estate Studies (IRES) Policy Forum Effectiveness of Property Market Policies in Singapore and Around the World Date: 25th May 2015 (Monday) Time: 10am 12pm Venue: Shangri-La Hotel (The Jurong Room) Forum Objective: This Policy Forum aims to be the focal meeting point which brings together leading
      532 words
Page thumbnail Page 12
  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Deutsche Bank pledges overhaul to boost earnings, cut risk
      574 12 It will sell 200 billion euros in investment bank assets and exit a tenth of the countries in which it operates REUTERS Frankfurt DEUTSCHE Bank will cut 200 billion euros (S$289 billion) in investment bank assets and exit a tenth of
      REUTERS; PHOTO: REUTERS  -  574 words
    • Article
      Lock icon SEC’s stock reform group fails to include US retail brokerages
      889 12 REUTERS New York THE US Securities and Exchange Commission (SEC) is convening a group of financial industry veterans for the first time next month to consider stock market reforms, but one group will be conspicuously absent: retail brokerages. The SEC’s
      REUTERS  -  889 words
    • Article
      Lock icon Family offices in Asia, M-E to double: Insead
      537 12 BLOOMBERG Singapore THE number of family offices in Asia and the Middle East will more than double to about 400 over the next eight years as the ranks of wealthy individuals swell, Michael Prahl of Insead business school said. Driven by the
      BLOOMBERG  -  537 words
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      1315 12 N O R T HERN T RU ST CO RP O R AT I O N Parent company of The Northern Trust Company Headquarters: 50 South LaSalle Street, Chicago, Illinois CONSOLIDATED BALANCE SHEET As at December 31 (US$ in Millions Except Share Information) 2014 2013 ASSETS Cash and Due from
      1,315 words
Page thumbnail Page 13
  • CUSTOMER SATISFACTION INDEX
    • Article, Illustration
      Lock icon The complaining customer a potentially happy one
      1440 13  -  Singapore’s national customer satisfaction in ISES survey hits all-time high in 2014, even as complaints rates rise. BY TEH SHI NING tshining@sph.com.sg @TehShiNingBT THE “champion grumb l e r s” a m o n g Singapore’s customers made themselves heard last year, pushing
      Source: Institute of Service Excellence at SMU  -  1,440 words
    • Article, Illustration
      Lock icon Healthy competition behind banks’ improved performances
      907 13  -  Sector’s CSISG score rises 4.1% to 72.2 points in 2014 its highest in the index’s eight years By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT HAVING a range of choices when it comes to where, when and how to bank hasn’t always led to happier banking
      Source: Institute of Service Excellence at SMU; PHOTO: BLOOMBERG  -  907 words
    • Article, Illustration
      Lock icon CSISG 2014 scorecard
      84 14 Note: The national score of 71.1 is a weighted average of the nine sector scores. Sector scores are weighted averages of their sub-sectors' scores, and sub-sector scores are weighted averages of individual company scores. green line statistically significant improvement between 2013 and 2014 red line statistically significant
      Source: Institute of Service Excellence at SMU (ISES)  -  84 words
    • Article
      Lock icon Using technology, training to transform healthcare delivery
      633 14  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT SPIRALLING healthcare costs and a rapidly ageing population in Singapore have triggered the need for the government to find avenues to manage these issues. Since 2009, much emphasis has been placed by the government on developing the medical
      633 words
    • Article, Illustration
      Lock icon Adopting customer-centric tweaks to get ahead
      754 14  -  Life insurers here have turned to delivering needs-based services to improve their competitiveness. And this move has paid rich dividends for the sector. BY CLAIRE HUANG BY CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT CUSTOMER centricity is the latest buzzword among life insurers here as they turn
      FILE PHOTO  -  754 words
    • Article, Illustration
      Lock icon Delivering the best for the client
      970 15  -  Four panel members at the SMU’s ISES roundtable share their thoughts on the 2014 findings in the CSISG. BY CLAIRE HUANG CSISG.BY CLAIRE HUANG huangjy@sph.com.sg A KEY pillar of a successful and sustainable business lies in the level of customer satisfaction a company delivers.
      970 words
Page thumbnail Page 14
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      117 15 ISES CORPORATE MEMBERSHIP AN AFFILIATION TO SERVICE EXCELLENCE The ISES Corporate Membership Programme brings together a selected network of Singapore’s leading companies measured in the CSISG National Study. Membership entitles your organisation the benefits of collaboration on the CSISG national study and survey design together with the Institute of Service
      117 words
    • Advertisement
      Lock icon Page 15 Advertisements Column 2
      54 15 INSTITUTE OF SERVICE EXCELLENCE SINGAPORE MANAGEMENT UNIVERSITY A quarterly series brought to you by the Institute of Service Excellence at Singapore Management University (ISES). Featuring findings from the Customer Satisfaction Index of Singapore, it also reveals insights on leadership and strategy from industry leaders, particularly in leveraging customer satisfaction as
      54 words
Page thumbnail Page 16
  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon World’s steelmakers fear flood of exports from huge China mills
      768 16 Despite overcapacity in its domestic industry, lower iron ore prices have encouraged production REUTERS Shanghai PLUNGING iron ore prices are providing a lifeline for some of China’s biggest steel mills, but raising the prospect of a rising tide of exports
      REUTERS; PHOTO: REUTERS  -  768 words
    • Article
      Lock icon Oil bears routed by spring thaw in prices
      450 16 BLOOMBERG Houston SPECULATORS pulled bearish oil bets at the fastest pace on record as Saudi Arabia renewed strikes on Yemen and US output slowed. Hedge funds reduced their short position in West Texas Intermediate crude by 32 per cent in the seven
      BLOOMBERG  -  450 words
    • Article
      Lock icon UK govt says it would oppose any takeover of BP: report
      436 16 REUTERS London BRITAIN’S outgoing government has told BP Plc that it wants the company to remain a British industrial champion and it would oppose any takeover of the oil producer, the Financial Times reported. The message follows the US$70
      REUTERS  -  436 words
    • Article
      Lock icon Tainted oil from the US makes its way to Asia
      607 16 REUTERS San Francisco ONE million barrels of oil. Enough to fill more than 60 Olympic-sized swimming pools. And there it sat in tanks outside San Francisco for three years despite crude prices that topped US$100 a barrel. This isn’t the
      REUTERS  -  607 words
    • Article
      Lock icon Miners may invest US$5b in Argentina with new president, new rules
      866 16 BLOOMBERG Buenos Aires SOME of the world’s biggest miners are ready to spend at least US$5 billion in Argentina if October’s presidential elections herald an easing of capital restrictions. Goldcorp Inc, the largest gold miner by market value, billionaire
      BLOOMBERG  -  866 words
Page thumbnail Page 17
  • TECHNOLOGY
    • Article, Illustration
      Lock icon It’s all about the data, and how to mine it
      953 17 Analysing patterns of online behaviour is at the heart of a new global efficiency, centred on machine-led prediction NYT New York THE technology world is looking at ways to make everything more efficient. The question is, will this be good
      NYT; PHOTOS: NYT  -  953 words
    • Article, Illustration
      Lock icon White House takes cybersecurity pitch to Silicon Valley
      1124 17 Defense Secretary urges software engineers to consider a tour of service fending off hackers NYT San Francisco US President Barack Obama’s newly installed Defense Secretary Ash Carter toured Silicon Valley last week to announce a new military strategy for computer conflict, starting
      NYT; PHOTO: REUTERS  -  1,124 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      287 17 Z20t 12.5" Detachable Ultrabook with 17.4 Hour Battery Life sa On HI f T redact award 2015 winner Toshiba Digitizer Pen Included (Certifed by Wacom) DETACHABLE ULTRAPORTABLE ■b\ Complete Connectivity to a wide range of devices S/ Micro HDMI (on Tablet) VGA HDMI (on Keyboard) BUILT LAST Toshiba recommends Windows.
      287 words
Page thumbnail Page 18
  • CONSUMER
    • Article, Illustration
      Lock icon Bacteria scare sparks recalls by ice-cream makers
      994 18 At least five companies pull products on mounting concerns since 2010 after listeria found in ice-cream BLOOMBERG Austin THE ice-cream industry’s widening listeria scare, which has prompted at least five companies to recall products, is fuelled in part by DNA testing and other
      BLOOMBERG; PHOTO: AFP  -  994 words
    • Article
      Lock icon Chipotle first major US restaurant chain to serve only GMO-free food
      584 18 NYT New York IN A first for a major restaurant chain, Chipotle Mexican Grill on Monday began serving only food that is free of genetically engineered ingredients. “This is another step towards the vision we have of changing the
      NYT  -  584 words
  • Page 18 Advertisements
    • Advertisement
      Lock icon Page 18 Advertisements Column 1
      64 18 •VCo CREATE MY OWN ADVENTURE BOOK t> t> t> B NORTHERN UGHTS \N NORWAY klSS92 FM EXPERIENCES LET KISS92 BRING YOU ONE STEP CLOSER TO YOUR DREAM! OPEN MY OWN BAKERY TO BE A PHOTOGRAPHER v%C >0G0 WT-m. m. m}. TUNE IN TO KISS92 TO FIND OUT HOW! a "Tl
      64 words
Page thumbnail Page 19
  • TRANSPORT
    • Article, Illustration
      Lock icon Good chance for VW to shift gears, say analysts
      1054 19 Piech’s plot led to his fall but CEO Winterkorn may have become too reliant on unions REUTERS Berlin FERDINAND Piech, who resigned as chairman of Volkswagen over the weekend, sowed the seeds of his own demise by reneging on a deal
      REUTERS; PHOTO: AFP  -  1,054 words
    • Article, Illustration
      Lock icon Airbus A380 suffers from lack of orders
      769 19 BLOOMBERG Toulouse AT the tender age of 10, the Airbus A380 is already entering a mid-life crisis. The double-decker aircraft has failed to win a single order from any new airline customer for two years now, and senior management was forced to come
      BLOOMBERG; PHOTO: BLOOMBERG  -  769 words
    • Article
      Lock icon Sustained shipping recovery an ‘illusion’: Hamburg Sued chief
      371 19 BLOOMBERG Hamburg CONTAINER shipping won’t experience a sustainable recovery from its seven-year slump as new vessels enter service and cement overcapacity in the market, according to Hamburg Sued, Germany’s second-biggest maritime carrier. “We don’t have the illusion that this is an unusually
      BLOOMBERG  -  371 words
    • Article, Illustration
      Lock icon PSA venture begins operations at Saudi port
      319 19  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SAUDI Global Ports (SGP) a joint-ven-ture company formed between the Public Investment Fund (PIF) of the Kingdom of Saudi Arabia and PSA International (PSA) started commercial operations this month at the second container terminal in the King
      319 words
    • Article
      Lock icon SilkAir inks S$2m MOU to boost travel into Singapore
      339 19  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore AGAINST a backdrop of softer visitor arrivals, SilkAir has signed a S$2 million memorandum of understanding (MOU) with global travel distributor GTA to work together on marketing efforts aimed at driving traffic to Singapore. Daryl
      339 words
Page thumbnail Page 20
  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Nepal’s economy to worsen without global help
      879 20 With growth already slowing, the country has little scope to fund a major reconstruction effort on its own BLOOMBERG New Delhi NEPAL’S economy was already slowing before a 7.8-magnitude earthquake killed at least 3,900 people from the capital Kathmandu to the unforgiving slopes
      BLOOMBERG; PHOTO: REUTERS  -  879 words
    • Article, Illustration
      Lock icon Greece clips Varoufakis’ wings as it reorganises bailout-negotiating team
      692 20 BLOOMBERG Athens GREECE reshuffled its bailout-negoti-ating team, clipping Finance Minister Yanis Varoufakis’ wings, after three months of talks with creditors failed to unlock aid and a meeting with his euro-area counterparts ended in acrimony. The coordination of day-to-day efforts to strike
      BLOOMBERG  -  692 words
    • Article, Illustration
      Lock icon No early end to ECB quantitative easing: economists
      834 20 As currently planned, QE will end in September 2016 without tapering: survey BLOOMBERG Frankfurt THE European Central Bank (ECB) won’t end its asset-buying programme early, though it might do so abruptly, economists say. More than two-thirds of respondents in a Bloomberg survey
      BLOOMBERG; PHOTO: REUTERS  -  834 words
    • Article
      Lock icon Fitch cuts Japan’s credit rating by one notch over debt fears
      542 20 AFP Tokyo FITCH cut its credit rating on heavily indebted Japan by one notch on Monday, saying it has not done enough to plug a budget gap left by its decision to delay a sales tax rise. The move
      AFP  -  542 words
    • Article, Illustration
      Lock icon Big mergers likely to reduce China SOEs to 40: report
      832 21 Beijing pushing ahead with plan to overhaul the country’s underperforming state sector REUTERS Beijing CHINA will likely cut the number of its central government-owned conglomerates to 40 through massive mergers, as Beijing pushes forward a sweeping plan to overhaul the
      REUTERS; PHOTO: REUTERS  -  832 words
    • Article, Illustration
      Lock icon No need for strong stimulus, says PBOC economist
      341 21 REUTERS Shanghai CHINA’S employment situation is good and progress has been made in structural adjustments, so there is no need for strong stimulus for the economy despite downward pressure, the central bank’s top economist said. “The central bank’s recent lowering of rates
      REUTERS  -  341 words
    • Article
      Lock icon Fed expected to remain patient on rate hike
      473 21 AFP Washington THE US Federal Reserve dropped its reference to staying patient before raising interest rates in its policy statement in March. But signs are that that could be its stance on Wednesday, when it concludes a new two-day monetary policy meeting
      AFP  -  473 words
    • Article
      Lock icon France’s ‘economic patriotism’ laws expected to have limited effect
      1094 21 Double-voting rights for state, other long-term shareholders encouraged REUTERS Paris FOREIGNERS are set to take over several French blue-chip firms this year and will largely do what they want with their prizes showing the limits of new laws passed in the
      REUTERS  -  1,094 words
Page thumbnail Page 21
Page thumbnail Page 22
  • OPINION
    • Article
      Lock icon Beijing should solve South China Sea row before planning regional integration
      585 22 EDITORIAL AS if to dispel any lingering doubt that China intends to pursue its interests in the South China Sea with vigour, China’s ambassador to Washington, Cui Tiankai, warned last week that there should be “no illusion that anyone”
      585 words
    • Article, Illustration
      Lock icon US policy predictions involve serious stakes
      844 22  -  THE BOTTOM LINE By Paul Krugman NYT IMAGINE yourself as a regular commentator on public affairs maybe a paid pundit, maybe a supposed expert in some area, maybe just an opinionated billionaire. You weigh in on a major policy initiative that’s about to happen,
      NYT  -  844 words
    • Article, Illustration
      Lock icon Survivor 2015: the GOP reality game show
      1514 22  -  Like in the show, many of the GOP presidential candidates will be eliminated after the first few primaries By Leon Hadar WOULD you like to run for the US presidency? Well, there are three minimum constitutional requirements to fulfil. First, you have to
      PHOTO: REUTERS  -  1,514 words
    • Article
      Lock icon Why Americans should take notice of UK election
      740 23  -  COMMENTARY By David Callaway T The writer is editor-in-chief of USA Today Washington DURING the UK general election of 1997, as Labour leader Tony Blair fought to unseat John Major and his Conservatives, an ambitious correspondent for the London Evening Standard travelled
      740 words
    • Article, Illustration
      Lock icon A Beijing Woods monetary system in the making
      1100 23  -  As China targets renminbi’s entry into SDR, IMF is examining the Chinese currency’s much-increased use in trade invoicing.BY invoicing.BY DAVID MARSH T The writer is managing director of the Official Monetary and Financial institutions Forum CHINA’S steady encroachment into the heart of
      FILE PHOTO  -  1,100 words
    • Article
      Lock icon Can shareholders quiz external auditors directly?
      168 23  -  LETTER TO THE EDITOR Denis Distant I REFER to the letter “Noble AGM: shareholders may not be so supportive next time” from Mak Yuen Teen (BT, April 21) Among other things, Mr Mak suggests shareholders should also have directed their questions to the external
      168 words
    • Article, Illustration
      Lock icon Oil price war may benefit both US shale and Saudi
      703 23 COMMENTARY OILPRICE.COM By Michael McDonald EVEN as financial commentators on CNBC are starting to come around to the idea of a bottom in oil prices, the key question for US oil producers remains one of timing. How long will the
      OILPRICE.COM; PHOTO: BLOOMBERG  -  703 words
Page thumbnail Page 23
Page thumbnail Page 24
  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    986 24 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Miami V009E 02 May 21 May 06 Jun 14 Jun 15 Jun 16 Jun 21 Jun 22 Jun 25 Jun 25 Jun APL
    986 words
  • Page 24 Advertisements
    • Advertisement
      Lock icon Page 24 Advertisements Column 1
      201 24 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 Publicise Your Del iver y Newbuildsl Come publicise your Ship Christenings Delivery of Newbuilds, Project Completion, Vessel Conversion Refurbishment, Award Wins Certifications, Corporate Image,
      201 words
    • Advertisement
      Lock icon Page 24 Advertisements Column 2
      17 24 USE THIS SPACE TO SELL CALL JOE WONG AT *****327 TO ADVERTISE THE BUSINESS TIMES Shipping times
      17 words
Page thumbnail Page 25
  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Google opts for fashion mojo
      1038 25 Leveraging on its core search strengths, the company aims to provide clients data on what will be in vogue next NYT New York NORMCORE? So last year. String bikinis? Most definitely over. Even interest in skinny jeans may be waning, if 6 billion fashion-related queries
      NYT; FILE PHOTO  -  1,038 words
    • Article
      Lock icon With Broga, more macho, less mantra
      422 25 REUTERS New York MEN who crave the benefits of yoga but recoil at sharing the experience with a room full of women are turning to Broga, a rugged take on the 3,000-year-old practice of movement and breath. Broga celebrates the physical over the spiritual,
      REUTERS  -  422 words
    • Article, Illustration
      Lock icon Bumper year for Shwedagon Pagoda
      783 25 AFP Yangon AS he smooths a gold plaque on the glistening flank of Myanmar’s most prestigious Buddhist pagoda, a merchant pays his ancestors the highest honour and contributes to a bumper year of donations to re-gild the sacred site. The Shwedagon Pagoda, which rises in
      AFP; PHOTO: AFP  -  783 words
  • Page 25 Advertisements
  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      335 25 CRYPTIC CROSSWORD Across 1 Good ear features they are rounded (6) 5 Left-winger with frivolous warning (3,5) 9 Not against old lover having enough say (3,7) 10 Beginning or end of dream in corporate bedroom (4) 11 ‘Footballer has quiet time’ where might you see that? (But not here!) (4,4)
      335 words
Page thumbnail Page 26
  • Page 26 Advertisements
    • Advertisement
      Lock icon Page 26 Advertisements Column 1
      86 26 Affordable Flexible Office Space Options to suit all budgets. r Thin- pod H '•> Fully serviced, ready-to-go offices full time, part time or just occasionally. Ready-to-work offices A prime business address Mail handling and call answering in your company name From 1 to 50 people On-demand access to professional business
      86 words
    • Advertisement
      Lock icon Page 26 Advertisements Column 2
      58 26 HOT PROPERTY BRIGHTON CRES. SHOPHSE. Freehold. Road Frontage. Within S'goon Gdn. Good investment. HOE CHIANG RD (Tg Pagar). Strata Shop-1216 sf. 999 yrs. F&B Tenant. Direct Rd frontage! SIM LIM SQ, 420sf, #01, retail outlet, high human traffic, ideal for investment biz. SHOP SPACES FOR SALE Check out these properties
      58 words
    • Advertisement
      Lock icon Page 26 Advertisements Column 3
      1 26 www.omy.sg
      1 words
Page thumbnail Page 27
  • Page 27 Advertisements
    • Advertisement
      Lock icon Page 27 Advertisements Column 1
      121 27 With up to S$1.6m worth of prizes, you’ll have the support you need to realise your business plans. Applications close on June 9, 2015. Apply today at www.EEaward.com L J I ijOCBC Bank UNLOCK GREATER VALUE FOR A HEAD START WITH BUSINESS FIRST ACCOUNT Apply for the Business First Account
      121 words
Page thumbnail Page 28
  • SME
    • Article, Illustration
      Lock icon The sky’s the limit
      1162 28  -  Space-solutions provider Sky Creation is looking to beat the competition by striving to add value for its clients. BY VIVIEN SHIAO BY VIVIEN SHIAO vshiao@sph.com.sg @VivienShiaoBT SEVEN years is all it has taken for Sky Creation to morph from being simply an interior design consultancy to
      PHOTO: ARTHUR LEE  -  1,162 words
    • Article, Illustration
      Lock icon Private equity versus the strategic acquirer
      1462 26  -  When private equity firms and strategic acquirers meet on the M&A battlefield they come packing very different strategies and artillery. Who has the advantage? COMMENTARY By Claudia Zeisberger The writer is a senior affiliate professor of decision sciences and entrepreneurship and family enterprise at
      PHOTO: BLOOMBERG  -  1,462 words
    • EMERGING ENTERPRISE 2015
      • Article, Illustration
        Lock icon On track to expanding green footprint
        956 27  -  By Prisca Ang prisang@sph.com.sg GROWING an award-winning enterprise was not exactly at the top of Kenneth Lee’s agenda when he founded Green Koncepts in 2009. Rather, the cleantech startup materialised from an idea that sprung in his mind as he examined his telephone bills.
        FILE PHOTO  -  956 words
      • Article, Illustration
        Lock icon Drawing out a simpler future
        862 27  -  Enterprises save huge chunks of time in finding out what is relevant to customers with just a click. BY PRISCA ANG BY PRISCA ANG prisang@sph.com.sg WITH brightly coloured food signs clamouring for patrons’ attention from every direction, there is little wonder that Singaporeans are often
        PHOTO: ARTHUR LEE  -  862 words
  • Page 28 Advertisements
    • Advertisement
      Lock icon Page 28 Advertisements Column 1
      187 28 OPEN for more business t i L ONE-STOP PAYMENT AND BANKING SERVICE ACCEPT CARD PAYMENT ANYTIME, ANYWHERE CASH IN YOUR ACCOUNT THE NEXT DAY Your business INTEREST RIGHT FROM YOUR FIRST DOLLAR’ Terms and conditions The interest rate applies to the entire balance in the CIMB Merchant Account subject to
      187 words
Page thumbnail Page 1
  • THE BUSINESS TIMES SINGAPORE BUSINESS 2015
    • Article, Illustration
      Lock icon VISION & LEADERSHIP
      556 1  - VISION LEADERSHIP (Above from left) Businessman of the Year Chew Gek Khim, executive chairman, The Straits Trading Company and Tecity Group; Outstanding CEO of the Year Hiew Yoon Khong, chief executive officer, Mapletree investments; Outstanding CEO of the Year (Overseas) Maimoonah Hussain, group managing director, Affin Hwang Capital; The Enterprise
      556 words
    • Article, Illustration
      Lock icon Unlocking value in Straits Trading
      1453 2  -  Keeping the end in mind, executive chairman Chew Gek Khim laid the key building blocks that set the stage for growth.BY BUSINESSMAN OF THE YEAR growth.BY LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT THE work of transforming The Straits Trading Company into a major player in real estate,
      PHOTO: ARTHUR LEE  -  1,453 words
    • Article
      Lock icon Considered measures to ensure donations benefit many
      624 2 Non-profit organisations now tend to channel more donations to rehabilitation, physiotherapy or equipment TECITY’S philosophy of maximising yields in any form of investment is unsurprisingly evident in how the Tan Chin Tuan Foundation (TCTF) goes about evaluating the effectiveness of its donations. By
      624 words
    • Article
      Lock icon Perspectives of women in business
      454 2 CHEW Gek Khim is optimistic that more women will helm businesses in the near future. Pointing to the pool of female and male graduates each year, she says “it’s a matter of time that we will see equal numbers” of men and women heading companies.
      454 words
    • Article, Illustration
      Lock icon Investment discipline, vigour pay off at Mapletree
      1438 4  -  Group CEO Hiew Yoon Khong shows why Mapletree’s success is no pure luck but it’s all about execution. OUTSTANDING CHIEF EXECUTIVE OF THE YEAR BY LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT MAPLETREEInvestments’ success has become evident. From a company with a portfolio of ageing and
      PHOTO: ARTHUR LEE  -  1,438 words
    • Article
      Lock icon ‘Team effort’ and lots of discipline
      590 4 HIEW Yoon Khong says that he is “not a big fan” of personal awards, and would rather attribute Mapletree’s success to team effort. He concedes that when he hears comments that Mapletree’s successful undertakings are a matter of luck, it is “upsetting because it
      590 words
    • Article
      Lock icon Is a public float off the table?
      353 4 IT IS no sheer coincidence that Mapletree Investments has all the ingredients of a listed company, given that a public listing was an original plan. But that plan has been placed on the back-burner. Though reports surfaced back in 2008 that an initial
      353 words
    • Article, Illustration
      Lock icon Affin Hwang sets sights on new heights
      1275 6  -  It aims to be No 1 in each of its five core units within five years, and to double revenue in the same period. OUTSTANDING CHIEF/SENIOR EXECUTIVE (OVERSEAS) BY JAMIE LEE leejamie@sph.com.sg @JamieLeeBT FRESH off a significant acquisition last year, Malaysia’s Affin Hwang
      PHOTO: AFFIN HWANG CAPITAL  -  1,275 words
    • Article
      Lock icon Working her way up the financial ladder
      334 6 MAIMOONAH Hussain graduated from the National University of Singapore with a Bachelor of Accountancy. She began her career at Morgan, Grenfell Co, Asia and spent 13 years with the company. Prior to her career at the Affin banking group, Mdm Maimoonah was head
      334 words
    • Article, Illustration
      Lock icon Peer pressure works, at Sheng Siong
      1218 16  -  There is no performance evaluation in the supermarket group. Weak performers simply face social pressure to shape up or quit.BY THE ENTERPRISE AWARD quit.BY CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT MANY corporations use performance evaluations to assess and reward their staff with year-end bonuses. Supermarket group
      PHOTOS: YEN MENG JIIN, SHENG SIONG  -  1,218 words
    • Article
      Lock icon The 30-year history of a supermarket chain
      647 16 IN 30 years, Sheng Siong has grown from a single 1,650 sq ft outlet in Ang Mo Kio to a mini-empire of 37 stores around the island in Singapore. The story began in 1985, when CEO Lim Hock Chee’s father who owned a
      647 words
    • Article, Illustration
      Lock icon Big Data: Risks and possibilities
      994 18  -  Firms need to manage the quality of their data by investing in tools and practices that can be scalable. BY TAN SHONG YE, ONG WHEE TECK T The writers are, respectively, Singapore IT and data risk leader and South-east Asia technology consulting leader at Pwc
      PHOTO: DARPA/WIKIMEDIA COMMONS  -  994 words
    • Article, Illustration
      Lock icon Finding the way forward when growth stalls
      988 18  -  By David Harding, Harshveer Singh T The writers are, respectively, co-leader of Global M&A practice and leader of M&A practice in South-east Asia at Bain Company MANY management teams these days find themselves in intense debates over a pressing question. There is a
      PHOTO: BLOOMBERG; Source: S&P Capital IQ; Compustat; Source: Bain M&A Study 2012 (n=1,616); Dealogic; Thomson; Bain SVC Database 2011  -  988 words
    • Article, Illustration
      Lock icon Managing, embracing change successfully
      1119 20  -  Companies have to identify changes before preparing employees for change through several phases. BY RICHARD YEO phases.BY RICHARD YEO TThe writer is Director of Rewards, Talent Communication, at Towers Watson Singapore ORGANISA-TIONS need to constantly change to respond to challenges of new market conditions, new competitors,
      PHOTO: FREE IMAGES  -  1,119 words
    • Article, Illustration
      Lock icon Delivering success to Singapore’s economy through the ages
      1375 20  -  By Herbert Vongpusanachai T The writer is senior vice-president and managing director at DHL Express Singapore LOOKING back at what Singapore has achieved over the past 50 years, it is certainly not hyperbole to call our success an inspiring rags-to-riches story. Within
      PHOTO: BLOOMBERG  -  1,375 words
    • Article, Illustration
      Lock icon Gender diversity in Asia-Pacific: Too little of a good thing
      1136 22  -  Having a balanced representation of women on boards requires a collective effort. BY ALICIA YI T The writer is managing director for Asia-Pacific Consumer Markets at Korn Ferry Although women make up half the talent pool, they remain un-der-represented on
      Source: Korn Ferry & CGIO Database  -  1,136 words
    • Article, Illustration
      Lock icon The three ‘theatrical acts’ of the family business leader
      1599 22  -  By Randels S Carlock, Loh Keng Fun T Randel S Carlock is Berghmans Lhoist Chaired Professor of Entrepreneurial Leadership and the Founding Director of the Wendel International Centre for Family Enterprise at insead, Loh Keng Fun is Adviser in Wealth Management
      FILE PHOTO  -  1,599 words
    • Article, Illustration
      Lock icon New areas for strategic tie-ups with China
      1160 23  -  Collaboration has to align with China’s new strategies. BY YEW SUNG PEI T The writer is assistant chief executive officer, international Enterprise (IE) Singapore. Based in Beijing, he oversees the agency’s strategy and operations for China and Middle East Africa. FROM Beijing, there
      PHOTO: REUTERS  -  1,160 words
    • Article, Illustration
      Lock icon Asean: The next horizon
      797 24  -  Region has immense potential despite challenges, uneven progress among member nations. BY ANDREW GÉCZY T The writer is CEO, International and institutional Banking, at Australia and New Zealand Banking Group Limited There has been a flurry of activity around the Asian region with the establishment of
      PHOTOS: THE STRAITS TIMES, BLOOMBERG  -  797 words
    • Article
      Lock icon Why digital banks in financial services are gaining ground
      961 24  -  By Mike Baxter, Richard Fleming, Seow-Chien Chew T Mike Baxter leads Bain Company’s financial services practice in the Americas. Richard Fleming is a partner in the practice and leads the firm’s results delivery practice, and Seow-Chien Chew is a partner from
      961 words
    • Article, Illustration
      Lock icon Forward-looking internal audit in step with business changes
      901 25  -  Internal audit functions need to evolve to position themselves to take on their company’s most relevant risks. BY NG SIEW QUAN AND DAVID TOH BY NG SIEW QUAN, DAVID TOH T The writers are, respectively, corporate governance leader and internal audit leader
      FILE PHOTO  -  901 words
    • Article, Illustration
      Lock icon The next leap forward
      4232 26 Past Singapore Business Award winners share their outlook and strategies to navigate new challenges Question: What is the outlook for your core business or industry? What key trends in today's business climate affect your company the most? Liew Mun Leong: Airport is a very international and
      4,232 words
    • Article, Illustration
      Lock icon Make music, make better companies
      881 27  -  The Metropolitan Festival Orchestra, led by Ian Woodward, helps corporate clients assess their roles as managers and team players.BY players.BY HELMI YUSOF CAN a professional orchestra teach corporate managers the finer points of leadership and communication? The Metropolitan Festival Orchestra (MFO), led by its associate
      881 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      21 1 Simply outstanding! Congratulations Ms Chew Gek Khim on being awarded The Businessman of the Year at The Singapore Business Awards 2015.
      21 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      43 1 inside Unlocking value in Straits Trading 2 Investment discipline, vigour pay off at Mapletree 4 Affin Hwang sets sights on new heights 6 Peer pressure works, at Sheng Siong 16 Finding the way forward when growth stalls 18 The next leap foward 26-27
      43 words
Page thumbnail Page 2
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      148 3 BUSINESSMAN OF THE YEAR Chew Gek Khim IS. 1 "Business is not just about making money. It is an extension of life living and giving. Chew Gek Khim The Board of Directors and Staff of The Straits Trading Company Limited are honoured that our Executive Chairman has been awarded Businessman
      148 words
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
      29 7 CreatingValue Mapletree is proud to celebrate our Group Chief Executive Officer Mr Hiew Yoon Khong’s achievement as the “Outstanding CEO of the Year” at the 2015 Singapore Business Awards.
      29 words
Page thumbnail Page 8 / 9
  • Page 8 / 9 Advertisements
    • Advertisement
      Lock icon Page 8 / 9 Advertisements Column 1
      88 8 / 9 Sustaining Returns Maintaining discipline and focus Mapletree delivers consistently high returns to our stakeholders. By integrating the roles of developer, investor and capital manager, and keeping to our disciplined investment strategy, we seize opportunities and reap returns across the real estate value chain. Over the years, we have ventured into
      88 words
Page thumbnail Page 10 / 11
  • Page 10 / 11 Advertisements
    • Advertisement
      Lock icon Page 10 / 11 Advertisements Column 1
      106 10 / 11 Going Beyond Scaling our business Together with our partners, Mapletree celebrates the win of our Group CEO, Mr Hiew Yoon Khong, who is “Outstanding CEO of the Year” at the 2015 Singapore Business Awards. Mapletree pursues growth opportunities, both locally and internationally. In over a decade, we have grown from
      106 words
Page thumbnail Page 12 / 13
  • Page 12 / 13 Advertisements
    • Advertisement
      Lock icon Page 12 / 13 Advertisements Column 1
      75 12 / 13 Forging Ties Reaching out to our community Together with our partners, Mapletree celebrates the win of our Group CEO, Mr Hiew Yoon Khong, who is “Outstanding CEO of the Year” at the 2015 Singapore Business Awards. Mapletree contributes positively to the communities where we operate. We strive to empower individuals
      75 words
Page thumbnail Page 14 / 15
  • Page 14 / 15 Advertisements
    • Advertisement
      Lock icon Page 14 / 15 Advertisements Column 1
      1450 14 / 15 OVERVIEW MAPLETREE INVESTMENTS Mapletree Investments Pte Ltd (Mapletree) is a leading Asia-focused real estate developer, investor and capital manager. Headquartered in Singapore, Mapletree aims to invest in real estate markets and sectors with strong growth potential, with the business objective of delivering high and sustainable returns to investors. The Group
      1,450 words
Page thumbnail Page 16
Page thumbnail Page 17
Page thumbnail Page 18
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      220 19 OUTSTANDING CEO OF THE YEAR BUSINESSMAN OF THE YEAR CHEWGEKKHIM HIEWYOONKHONG Executive Chairman The Straits Trading Company Ltd and Tecity Group For her outstanding entrepreneurial success in transforming The Straits Trading Company Ltd from a holder of illiquid or low-yielding assets to an investment holding company with strategic stakes in
      220 words
Page thumbnail Page 20
Page thumbnail Page 21
  • Page 21 Advertisements
Page thumbnail Page 22
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      50 23 CONGRATULATIONS TO MS CHEW GEK KHIM FOR WINNING BUSINESSMAN OF THE YEAR AWARD AT SINGAPORE BUSINESS AWARDS 2015 You have demonstrated visionary Leadership and you truly deserve to be honoured with this prestigious award. V < 9 0% L A mm fk m >-■ I X 12 Knight Frank Singapore
      50 words
Page thumbnail Page 24
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Lock icon Page 25 Advertisements Column 1
      50 25 Our Heartiest Congratulations To MS CHEW GEK KHIM For Winning The Prestigious Businessman Of The Year Award! RAJAH TAN N ASIA LAWYERS WHO KNOW ASIA I V a iAC > Wk i rs i t RAJAH TANN ASIA Cambodia China Indonesia Laos Malaysia Myanmar Singapore Thailand Vie w SINGAPOREBU3NES5 AWARDS
      50 words
Page thumbnail Page 26
Page thumbnail Page 27
Page thumbnail Page 28
  • Page 28 Advertisements
    • Advertisement
      Lock icon Page 28 Advertisements Column 1
      44 28 OUR HEARTIEST CONGRATULATIONS TO THE EXECUTIVE CHAIRMAN OF THE STRAITS TRADING COMPANY LIMITED MS CHEW GEK KHIM FOR WINNING THE PRESTIGIOUS BUSINESSMAN OF THE YEAR AWARD Y. m II pm V V f ft ■t- n rFROM THE DIRECTORS OF SunVenture SingaporeBusines5 Awards 2015
      44 words