The Business Times, 31 May 2016

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Microfilm: NL33856
Total Pages: 26
1 26 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES S$1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes CO REGN NO *****2868E MCI (P) 039/08/2015 GTuesday, May 31, 2016
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  • Article
    Lock icon DAILY DIGEST
    149 1 Listed offshore and marine players Swiber Holdings and Pacific Radiance are said to be in line for refinancing consideration by banks here. TOP STORIES 4 SGX has launched four equity indices based on measurements of sustainability. COMPANIES MARKETS 9 The clustering of AG Ms around late-April has led
    149 words
  • Article
    Lock icon As Singapore retools, fresh takes on labour numbers
    755 1  -  A rise in unemployment or workers staying jobless longer may in fact indicate transformation at work SINGAPORE’S FUTURE ECONOMY By Teh Shi Ning BTnews@sph.com.sg @BusinessTimes Singapore WITH reports emerging of layoffs in various sectors, expectations of an increase in unemployment are on
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  • Article
    Lock icon MARKETS
    24 1 Monday Change STI 2,796.75 -5.76 KL COMP 1,629.87 -7.32 NIKKEI 225 17,068.02 +233.18 HANG SENG 20,629.39 +52.62 SHENZHEN B 1,045.54 -0.81 DOW CLOSED
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  • Article, Illustration
    Lock icon Noble CEO resigns; firm to sell profitable US unit
    928 1  -  Twin surprises send share price down 8 per cent; co-CEOs appointed By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore THE year-long uncertainty over the financial solvency of Singapore-listed commodity trader Noble Group has claimed the scalp of its chief executive Yusuf Alireza and
    Source: Bloomberg  -  928 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Singapore slips in global competitiveness rankings
      895 2  -  Economists say high cost structure, talent attraction and regional competition are growing challenges By Teh Shi Ning BTNews@sph.com.sg @BusinessTimes Singapore SINGAPORE has fallen to fourth place from third a year ago on business school IMD’s latest ranking of the world’s most competitive economies. This
      Source: imd World Competitiveness Yearbook 2016  -  895 words
    • Article
      Lock icon Panel identifies areas of focus to improve SMEs’ prospects
      473 2  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore THE panel which provides a platform for small and medium-sized enterprises (SMEs) to discuss business is- sues with policymakers will, in its third term, home in on the following areas: IEnabling more SMEs to take
      473 words
    • Article
      Lock icon Heng is ‘recovering well’ and ‘lucid’: PM Lee
      226 2  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore AFTER undergoing brain surgery two weeks ago, Finance Minister Heng Swee Keat is now “fully lucid, communicative, and cheerful,” Prime Minister Lee Hsien Loong revealed in a Facebook post. Mr Lee said he visited Mr Heng
      226 words
    • Article
      Lock icon Swiber, Pacific Radiance up next for debt revamp
      872 4  -  One option under consideration calls for extending the repayment tenure of the bank loans to as long as 15 years By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore BANKS have cracked on with restructuring of the outstanding loans on the highly-geared balance sheets
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    • Article, Illustration
      Lock icon Town councils run estates well: MND
      381 4  -  By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore ALL 16 town councils, including the former Aljunied-Hougang-Punggol East Town Council, are banded “Green” the best of three bandings in estate cleanliness and lift performance in the latest Town Council Management Report. While the town councils generally
      FILE PHOTO  -  381 words
    • Article, Illustration
      Lock icon Abe gets heat at home over delaying of sales tax hike
      705 4  -  By Anthony Rowley btworld@sph.com.sg Tokyo HAVING secured what he perceives to be a mandate from fellow leaders of the Group of Seven (G7) advanced nations to delay further a planned hike in Japan’s consumption tax, Prime Minister Shinzo Abe
      PHOTO: REUTERS  -  705 words
    • Article
      Lock icon Singapore to develop world’s first tropical data centre that guzzles less energy: Yaacob
      783 4  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore WITH industry and academia in Singapore doing trials of innovative ideas to come up with solutions to real-life problems, a key project here is in the testing of whether data
      783 words
    • Article, Illustration
      Lock icon Straits Trading Building may fetch record psf price
      745 6  -  Indonesia tycoon said to be nearing deal to buy property at over S$3,520 psf on NLA a new high for an entire office building By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore A NEW per square foot record price for an entire Singapore office
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    • Article, Illustration
      Lock icon China’s BYD opens electric car showroom to stoke public interest
      632 6  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore CHINESE carmaker BYD has collaborated with an India-based conglomerate to open a showroom for its electric cars here on Monday, marking a significant step in spurring public interest for mass adoption of its electric
      PHOTO: AIDAN LOO  -  632 words
    • Article
      Lock icon Citibank cardholders will soon be able to use Samsung Pay
      580 6  -  By Jacquelyn cheok jaccheok@sph.com.sg @JacCheokBT Singapore SAMSUNG Pay announced on Monday that it has added Citibank Singapore to its portfolio of banks and payment networks. This means that upon its launch in Singapore expected to be sometime next month Citibank
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      Lock icon Page 2 Advertisements Column 1
      248 2 MB Accounting fot acquisitions in a chaiienq economic environmen Wednesday, 29 June 2016 Orchard Hotel Planning for the effect of Financial Reporting Standard 103's accounting requirements is a critical feature of successful business acquisitions in Singapore. Whether it's an acquisition or changes as a result of global market volatilities, identifying
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      41 3 Asia’s Safest, Asia’s Best Safest Bank, Asia 2009 2015, Global Finance Best Managed Bank, Asia Pac 2013, The Asian Banker Best Bank, Asia Pac 2014, Global Finance Living, Breathing Asia *Terms and conditions apply. DBS Bank Ltd Co. Reg. No.: *****0306E
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      62 6 Have a question? Let ST's correspondents provide the answers Send your questions to askst@sph.com.sg THE STRAITS TIMES 9 m asK www.straitstimes.com/askst n 4 •> v (.3 What is the difference between conservation and preservation? What is the hottest new gadget on the market? How can I capture that winning shot?
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  • COMPANIES & MARKETS
    • Article
      Lock icon Do Keppel and SembMarine need to raise Sete Brasil provisions?
      1244 8  -  HOCK LOCK SIEW BY TAN HWEE HWEE hweetan@sph.com.sg @HweetanBT THE US$221 million lawsuit filed by US-based fund house EIG Investment in Washington is widely seen as the start of a series of litigation that companies in the US would be
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    • Article
      Lock icon June jitters rouse fund managers into casting their hedging nets wide
      484 8 BLOOMBERG London WHEN you’re global head of rates at a US$1.7 trillion fund, you can’t spend a month on the sidelines to avoid risks, no matter how big. Britain’s European Union referendum, a Federal Reserve policy decision, an Opec
      BLOOMBERG  -  484 words
    • Article
      Lock icon CMA makes conditional general offer for NOL
      371 8  -  B y Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore AFTER meeting the necessary pre-con-ditions, France’s CMA CGM has made a voluntary conditional general offer for Neptune Orient Lines (NOL), which in turn has appointed Maybank Kim Eng Securities as the independent financial adviser for the
      371 words
    • Article
      Lock icon Maersk Drilling takes delivery of jack-up rig from SembMarine
      300 9  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore SINGAPORE-listed yard group Sembcorp Marine has delivered to a business unit of Maersk Drilling a high specification jack-up rig that was originally built for Hercules Offshore. SembMarine said on Monday that Maersk Highlander UK
      300 words
    • Article
      Lock icon Crystal Jade opening more outlets in Asian cities
      293 9  -  By J Lossini jlossini@sph.com.sg Singapore CRYSTAL Jade Culinary Concept Holdings on Monday announced plans to open more restaurants in Asia. The food and beverage restaurant group, better known as Crystal Jade, has confirmed launching at least 14 new restaurants with franchisee partners
      293 words
    • Article
      Lock icon SGX launches sustainability equity indices
      482 9  -  The exchange says the 4 indices will rely on assessment of environmental, social and governance (ESG) criteria By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE Exchange (SGX) has launched four equity indices based on measurements of sustainability. The indices will rely on assessments of environmental, social
      482 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 10 STI Catalist Straits Times index May 30,2016 2,796.75 -5.76 (-0.21%) Current streak 1 day Day high 2,807.66 Day low 2,786.95 52-week high 3,373.48 (July 20, 2015) 52-week low 2,532.70 (Jan 21, 2016) ftse ST Catalist index May 30,2016 433.75 -2.59 (-0.59%) Current streak 1 day Day high 436.87 Day low
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    • Article, Illustration
      Lock icon STI weakens amid lowest volume this year
      667 10  -  This was probably the result of Wall Street’s closure on Monday; Noble Group was the day’s most active counter STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index on Monday drifted to a 5.76-point loss at 2,796.75 in one of the quietest
      Source: Bloomberg  -  667 words
    • Article
      Lock icon STI STOCKS
      305 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 232 unch 234/231 253 209 6.6 6113.9 CapitaCom Trust 142 +1 142.5/140 162.5 122.5 6.1 4198 CapitaLand 297 -1 299/295 358 267 11.9 3 *****.5 CapitaMall Trust 204 -1 206/203 224 184.5
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    • Article
      Lock icon MOST ACTIVE
      36 10 VOLUME Noble 131,605,200 IPCO Intl 37,122,300 Cedar Strategic 32,595,000 Terratech 30,401,300 Genting Sing 23,600,900 Market volume 1,226,113,000 VALUE DBS Grp 87,806,893 Singtel 51,539,375 Noble 38,640,101 HongkongLand USD 23,423,567 Global Logistic 21,700,703 Market value 626,004,000
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    • Article
      Lock icon SGX ETFS
      107 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 284 -1 604 286/284 343/254 284/285 IS MS INDIA US$ US680 -5 132 689/680 780/575 680/687 85 UETF SSE50China 190 51 192/190 340/185 189/192 59.4 DBXT MSPHILS US$ US204.3 +1 50 204.3/204.2 213.9/158.5 205.1/205.9
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 May 30 VALUE CLOSE BT OB/OS 24.00 +28.00 BT CADI -*****.00 +2.00 BT 10-day MA -*****.00 +2.00 FTSE ST Mid Cap 673.48 -1.17 FTSE ST Small Cap 389.96 -0.15 FTSE ST All Share 685.01 -0.52 FTSE ST China Top 162.60 -0.62 FTSE ST China 190.18 -1.24 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 10 STI FTSE ST All-Share FTSE ST All-Share Index May 30,2016 685.01 -0.52 (-0.08%) Current streak 1 day Day high 687.94 Day low 683.08 52-week high 807.50 (June 3, 2015) 52-week low 625.37 (Jan 21, 2016)
      35 words
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      Lock icon STI / MSCI EAFE
      33 10 STI MSCI EAFE MSCI EAFE Index May 27,2016 1,668.76 -1.08 (-0.06%) Current streak 1 day Day high 1,673.99 Day low 1,664.74 52-week high 1,922.70 (June 22, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 6 2 1 0 0 8 6 2 Manufacturing 42 38 16 4 16 8 46 54 24 Commerce 25 14 11 6 2 2 31 16 13 Tpt/Stor/Comms 10 11 13
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      125 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 12,012 123 12,135 35,773 22 35,795 Manufacturing 77,061 59,407 136,468 49,668 1,759 51,427 Commerce 174,678 10,785 185,463 78,638 1,078 79,716 Tpt/Stor/Comms 61,674 180 61,854 102,313 15 102,328 Finance 27,231 136 27,367 118,067 22 118,089 Construction
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    • Article
      Lock icon GAINERS
      74 10 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 152.0 0.5 *****/***** JMH USD 5600 69.1 0.9 6130/4500 DBXT China50 US$ 2727 41.5 1.1 4087/2355 DBXT S&P500 US$ 3643 37.3 0.7 3644/3126 Jardine C&C 3400 35.0 1.0 4520/2636 BY PERCENTAGE CLOSE UP 52w high/low Infinio 0.5 400.0 0.4
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    • Article
      Lock icon LOSERS
      76 10 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -212.8 -1.3 *****/***** Great Eastern 2100 -39.0 -1.8 2496/1870 DBXT S&PShort US$ 2035 -22.1 -0.8 2393/2035 HongkongLand USD 605 -13.8 -1.6 880/555 DBS Bk 4.7% NCPS ***** -10.0 -0.1 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low Magnus Energy 0.1 -50.0
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 10 VOL CLOSE($) CHANGE Pollux Prop 317.0 0.038 -0.008 -17.39 GDS Global 180.9 0.300 -0.020 -6.25 Logistics 4.0 0.290 +0.040 +16.00 Next-Gen Sat 7,000.1 0.003 +0.001 +50.00 Fischer Tech 207.1 1.300 +0.125 +10.64 IPCO Intl 37,122.3 0.005 +0.001 +25.00 Wilton Resources 406.2 0.062 +0.006 +10.71 ICP Ltd 10,320.1 0.007
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    • BROKERS’ TAKE
      • Article
        Lock icon Cityneon Holdings | Buy
        195 10 Cityneon Holdings Buy Target price: S$1.03 May 30 close: s$0.79 DBS Group Research, May 30 With the acquisition of Victory Hill Exhibitions (VHE) in September 2015, Cityneon has evolved to become a creator of innovative and interactive exhibitions, focusing on creating innovative and captivating content, and delivering engaging and interactive
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      • Article
        Lock icon Valuetronics Holdings | Neutral
        292 10  - Valuetronics Holdings Neutral Compiled by Kenneth Lim Target price: S$0.54 May 30 close: S$0.51 RHB Research, May 30 We expect the absence of revenue from its low-margin LED unit to drag on earnings (like in FY16), especially in Q1 FY17. The magnitude of the drag may be far less than
        292 words
    • Article
      Lock icon Emerging currencies bruised after Fed signals US rates rise
      409 11 CURRENCIES BLOOMBERG London EMERGING-MARKET currencies fell, extending their worst monthly decline since August, as mounting signs that the Federal Reserve will raise interest rates in June and July diminished the allure of higher-yielding assets. Asian currencies led the retreat after Fed
      BLOOMBERG  -  409 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 11
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 May 30 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.938 4.722 0.645 5.574 48.301 97.896 0.799 8.546 2.953 1.072 75.207 33.541 0.991 11.330 0.713 23.415 25.663 0.491 0.717 Canada 1.066 5.036
        471 words
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        Lock icon SHANGHAI COMPOSITE
        2 11
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      • Article, Illustration
        Lock icon NIKKEI
        1 11
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      • Article, Illustration
        Lock icon DOW JONES
        2 11
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 May 30 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9908 0.9920 0.7172 0.7177 Canadian dollar 1.0568 1.0576 0.7652 0.7649 Euro 1.5371 1.5380 1.1126 1.1127 NZ dollar 0.9244 0.9254 0.6691 0.6695 Sterling pound 2.0180 2.0194 1.4607 1.4610
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 May 30 S$ Bid Offer 1-month 1.3822 1.3831 2-months 1.3829 1.3839 3-months 1.3831 1.3841 6-months 1.3854 1.3867 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        399 11 May 30 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES May16 9400.00 9440.00 9325.00 9427.50 ***** *****3 Jun16 9155.00 9182.50 9040.00 9142.50 *****6 *****4 NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 ***** *****5 Sep16 *****.00 *****.00 *****.00 *****.00 1391 3433 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        212 11 Most active May 30 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 9.9 -0.2 4013 0.1 1620 5 KepCorp MB eCW*****1 7.9 0.3 3441 0.2 600 6 FTSEChinaA50 9500 MBeCW*****0 10.8 -0.4 3140 0.0 3 DBS
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 11 In local curr In S$ In US$ dy yr dy yr dy yr May 27 Index Change Change Change Change Change Change World Preliminary 1270.6 0.3 -0.6 0.2 -2.3 0.2 0.7 EAFE Preliminary 958.2 0.3 -5.5 0.0 -5.7 -0.1 -2.8 Europe Preliminary 1366.4 0.2 -3.3
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 May 30 $S Offer Bid 0vernight 0.20 0.10 1-month 0.7500 0.6250 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: 0.25 US$ Offer Bid 7 days 0.48 0.38 1 month 0.50 0.40 2 months 0.65 0.45 3 months 0.75 0.55 6 months 1.10 0.90 9 months 1.30 1.10 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 11 May 30 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 98.89 5-Year NX*****X 2.250 01-Jun-21 102.15 102.25 102.22 10-Year NX*****F 2.375 01-Jun-26 98.95 99.21 98.97 15-Year NZ*****F 2.875 01-Sep-30 104.33 104.75 104.55 20-Year NZ*****V 3.375 01-Sep-33 111.39 111.60 111.25
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 11 May-27 Price Net change change Last Trade Agricultural May-27 CBOT Soybeans (US cents/bu) 1086.50 6.75 0.63% 14/07/2016 CBOT Soybean Oil (US cents/lb) 31.48 0.44 1.42% 14/07/2016 CBOT Wheat (US cents/bu) 481.50 0.25 0.05% 14/07/2016 May-27 LIFFE Cocoa (£/tonne) 2210.00 43.00 1.98% 14/07/2016 LIFFE Coffee (US$/tonne) 1630.00 11.00 0.68%
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    • Article
      Lock icon AGMs hit by shortage of electronic polling devices
      714 12  -  Some companies resort to manual polling as rental vendors reject firms during peak AGM season By Tan Effie taneffie@sph.com.sg Singapore THE clustering of annual general meetings (AGMs) around late-April has led to a problem here at least for this season. Some companies
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    • Article
      Lock icon Japan Foods’ Q4 profit falls 68%, mainly on impairment charge
      420 12  -  By Renald Yeo yrenald@sph.com.sg Singapore A QUADRUPLING of “other operating expenses”, which included a one-off impairment charge arising from store closures, has hurt bottom line earnings at Japan Foods. The restaurant operator reported a net profit of S$465,000 for the
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    • Article
      Lock icon SGX MAINBOARD
      1781 13 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale vol ('000) High Day 151.5 127 AIMSAMP Cap Reit 136.5 -0.5 35 137 136 0.9 8.3 868.8 Div 171.2 101 ARA Asset Mgmt 134.5 -0.5 85 135
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    • Article
      Lock icon SGX CATALIST
      167 13 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last Vol Day Div GrYld Net MCap High LOW Company Sale C000) High LOW C'vr P/E 32 16.7 t CNMC Goldmine 27.5 +0.5 3975 29 27 3.9 2.8 7.4 112.1 unch
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    • Article
      Lock icon SGX ETF
      127 13 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1318 991 CIMBASEAN40 S$D 1126 +31 0 1126 1126 vol 4087 2355 DBXT China50 US$ US2727 +30 8 2740 2701 7.5 High 362 190 DBXT MSBrazil US$ US283
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      Lock icon Page 8 Advertisements Column 1
      508 8 STATEMENT OF FINANCIAL POSITION CITIBANK SINGAPORE LIMITED CITIBANK SINGAPORE LIMITED Equity Share capital Reserves Accumulated profits Total equity attributable to owner of the Bank Liabilities Derivative liabilities Amounts due to intermediate holding company Amounts due to related corporations Deposits of non-bank customers Bills and drafts payable Current tax payable Deferred
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      102 9 AccountServe A Stone Forest Company Globally Connected RSM Stressed Over Annual with ACRA and IRAS f Get quick and reliable help today! One stop convenience with customised solutions Team of professionals with over 25 years of experience www.AccountServe.com.sg lnfo(a)AccountServe.com.sg I T +65 6222 6868 WE WANT TO COMMIT Do you
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      138 12 cfFi CONSOLIDATED BALANCE SHEET CITIGROUP INC. AND SUBSIDIARIES CONSOLIDATED STATEMENT OF INCOME CITIGROUP INC. AND SUBSIDIARIES DECEMBER 31, Michael L. Corbat Franz B. Humer Gary M. Reiner Diana L. Taylor CITIGROUP BOARD OF DIRECTORS Ellen M. Costello Renee J. James Judith Rodin William S. Thompson, Jr. Duncan P. Hennes Eugene
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      Lock icon Page 12 Advertisements Column 2
      24 12 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
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      71 13 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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  • REAL ESTATE
    • Article, Illustration
      Lock icon URA directs GEM Residences to tweak triple-key units
      813 14  -  Developers to remove kitchens from two sub-units in the apartments in keeping with “approved floor plan” By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore BUYERS of triple-key units at GEM Residences will get their apartments with only one kitchen instead of the three kitchens
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    • Article
      Lock icon Analysts slash UEM Sunrise’s earnings forecast
      574 14  -  By btworld@sph.com.sg Pauline Ng btworld@sph.com.sg Kuala Lumpur ANALYSTS have slashed their earnings projection for UEM Sunrise after the state-owned builder posted a profit of RM3 million (S$1 million) for its first quarter to end March, a plunge of more than 90 per cent from
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    • Article
      Lock icon Small completed apartments continue to lag bigger units in price
      455 14  -  Sub-index for small units of up to 506 sq ft in S’pore eased 0.7% from Dec 2015 to April 2016: NUS index By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore PRICES of completed small condo units and apartments continued to lag behind
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  • Page 14 Advertisements
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      204 14 Art Deco Villa of the East SALE An opulent villa in the east. Amazing, new and yes, decadent. Superlative. Imaginative. One of a kind. A picture is worth a thousand words so feast your eyes with our amazing slideshow on www.isabelredrup.com/ir1.php FOR www.isabelredrup.com A boutique real estate agency Call+65 *****055
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      216 14 Art Deco Villa of the East SALE An opulent villa in the east. Amazing, new and yes, decadent. Superlative. Imaginative. One of a kind. A picture is worth a thousand words so feast your eyes with our amazing slideshow on www.isabelredrup.com/ir1.php FOR www.isabelredrup.com A boutique real estate agency Call+65 *****055
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      225 14 D10. Good Class Bungalow Off Holland Road for Sale savills S 5Sii* mm"' For storeys basement with a good size swimming pool Grand, elevated, tranquil and private Sheltered car porch. Park many cars Land Area approx. 19,200 sq ft Ideal for multi-generation family O O Suits minor improvement or A&A
      225 words
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      627 15 IDEMA ASIA-PACIFIC PTE LTD (In Members' Voluntary Liquidation) COMPANY REGISTRATION NO.: *****7540R NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DEEMED TO HAVE BEEN HELD PURSUANT TO SECTION 179(6) OF THE COMPANIES ACT (CAP.50) ON THE 25th DAY OF MAY 2016, THE
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      1117 15 NOTICES TOLL FREE 18 0 0-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices > THE BANK OF NEW YORK MELLON H mfr n Wll f tN Y1NYUmfiI[SA Head Office: One Wall Street, New York, NY *****. U.S.A The Bank of New York Mellon Corporation (and its subsidiaries) Singapore Branch: One Temasek Avenue,
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  • BANKING & FINANCE
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      Lock icon Multiple factors working against Taiwan dollar
      767 16 These range from new Taiwan president’s position on China to possible US rate hike to falling sales at Apple BLOOMBERG Singapore CAUGHT between China on the one side and the US on the other, Taiwan’s dollar is in danger of greater losses than any
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      Lock icon Default risks loom over wealth management products worth 35% of China’s GDP
      880 16 BLOOMBERG Shanghai THE RISK of a default chain reaction is looming over the US$3.6 trillion market for wealth management products in China. WMPs, which traditionally funnelled money from Chinese individuals into assets from corporate bonds to stocks and
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      Lock icon New credit card scrutiny sends Indonesians back to cash
      595 16 REUTERS Jakarta INDONESIA’S plan to track all credit card transactions in a bid to crack down on rampant tax evasion is pushing people back to cash, stifling government efforts to track illicit money flows. A new government decree requiring credit card
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      33 16 m Who’s selling his home in your neighbourhood? Blk 28 Floor Condominium $855 000 $944 psf Your Neighbourhood Listings Be the first to know when your neighbour's home goes on the market. SRX.com.sg/property-tracker
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      11 16 S'pore'shousehold debtfallsforthe firsttimein10years To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • ENERGY & COMMODITIES
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      Lock icon GIC among bidders for Sithe power assets: sources
      392 17 Consortium includes power company Malakoff, investment fund managed by Macquarie BLOOMBERG Kuala Lumpur A GROUP including Singapore’s sovereign wealth fund GIC is among suitors that have submitted bids for Sithe Global Power’s stakes in two Philippine power plants, people with knowledge of
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      Lock icon Venture partner Alumina seeking to block business split, says Alcoa
      437 17 BLOOMBERG Wilmington, Delaware ALCOA Inc said joint-venture partner Alumina Ltd is threatening to interfere with a plan to split the largest US aluminium producer into two companies unless it grants concessions to the Australian firm. Alumina officials contend they will
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      Lock icon Hedge funds stepping back from gold
      593 17 BLOOMBERG New York HEDGE funds decided to take a breather from gold just before Janet Yellen gave investors more reason to ditch the precious metal. After a roaring start to the year, the excitement over bullion has dissipated this month on increasing expectations that
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      1216 17 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices Head office State Street Financial Center, One Lincoln Street, Boston, Massachusetts *****-2900, United States Singapore office 168 Robinson Road, #33-01 Capital Tower, Singapore *****2. Tel: +65 6826 7100 CONSOLIDATED STATEMENT OF CONDITION As of December 31, 2015 2014 (Dollars in millions,
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  • TECHNOLOGY
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      Lock icon CSC, HP Enterprise merge to become IT services giant
      823 18 Combined entity boasts US$26 billion of revenue and serves 5,000 organisations in 70 countries WP San Francisco FOR months now, there’s been a huge shake-out among companies that provide technology services to corporations, government agencies and large organisations, and the biggest
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      Lock icon The future kitchen knows what’s in your fridge
      876 18 WP New York THE experience is familiar to anyone who regularly cooks at home: You’re at the supermarket picking up ingredients for tonight’s dinner, but you simply cannot remember if you already have heavy cream. You do remember buying it, so you
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      Lock icon Philippines’ PLDT, Globe to buy San Miguel telecoms assets for US$1.5b
      351 18 REUTERS Manila THE Philippines’ top two telecoms firms agreed to buy conglomerate San Miguel Corp’s assets in the sector for nearly US$1.5 billion in a joint deal they said will significantly upgrade slow Internet services that have been a
      REUTERS  -  351 words
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      56 18 2016 ms-expo.com ■5 "LIKE US" Manufacturing Solutions Expo MANU FACTURINGSOLUTIONSEXPO The Future of Manufacturing 12-14 October 2016 Suntec Singapore The High Value Manufacturing Solutions in the ASEAN Region A Platform to Unveil the Latest Manufacturing Techniques through: ,<amewo r/r To exhibit, call +65 6319 4021 or email to mse@sph.com.sg Singapore
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  • CONSUMER
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      Lock icon Mickey Mouse boosting China’s gloomy economy
      515 19 The Magic Kingdom’s pre-opening already attracts 1 million visitors to its public areas BLOOMBERG Shanghai CHINA’S slowing economy isn’t putting the brakes on tourism. Shanghai Disneyland attracted almost 1 million visitors to its public areas weeks before the US$5.5 billion theme park officially opens
      BLOOMBERG; PHOTO: BLOOMBERG  -  515 words
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      Lock icon China bets on duty-free paradise to keep luxury spenders at home
      746 19 REUTERS Sanya, China CHINA’S efforts to lift local consumption, spur domestic tourism and keep within its borders citizens who splurge in Milan or Seoul have spawned a duty-free paradise on the southern island of Hainan that it hopes will
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      Lock icon Luxe brands fight to woo Internet generation
      408 19 AFP San Francisco SEDUCING hyper-connected millennials poses an increasing challenge for luxury brands, which find their markets slowing as young, sceptical consumers force them to rethink strategies. Goldman Sachs estimates that 92 million Americans are in the millennial generation born between the early
      AFP  -  408 words
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      1353 19 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices Financial statements for the year ended 31 December 2015 Balance sheet at 31 December 2015 In thousands of euros, at 31 December 2015 2014 ASSETS Cash and amounts due from central banks and post office banks 20,654,528 6,675,187 Treasury bills and
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  • TRANSPORT
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      34 20 OPENING DOORS TO OPPORTUNITIES ■^rSTJOBS LEARNING 0 > Realise your potential and stay relevant with continuous learning. Si Find out more about the courses available on www.stjobs.sg/virtualfair from 23 May 201 t A N EVENT
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  • GOVERNMENT & ECONOMY
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      Lock icon For many Chinese migrants, the lure of the city is fading
      818 21 They see no hope of buying property in cities and it is getting more difficult to earn a decent wage REUTERS Wenzhou, China AFTER two decades trying to make a life in China’s entrepreneurial city of Wenzhou, Ji Shouquan
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      Lock icon ‘Tourists go home’: Spain’s tourism surge brings backlash
      865 21 REUTERS Palma de Mallorca, Spain ON THE walls of the grand old houses of this Balearic port which attracts millions of foreigners every year, a new kind of graffiti has flourished: “Tourists go home”. Although still a minority protest, it points to
      REUTERS; PHOTO: REUTERS  -  865 words
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      Lock icon No slowdown for India despite global uncertainty: Jaitley
      614 21 BLOOMBERG Tokyo DESPITE “considerable” uncertainty in the global economy, India’s growth is set to continue its world-beating pace, according to Finance Minister Arun Jaitley. “I don’t think we have a slowdown in sight for the reason that there is a lot of
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      452 21 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF UNIVERSAL MUSIC (S) PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****6017H NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of UNIVERSAL MUSIC (S) PTE LTD deemed to have been duly convened
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      28 21 “A book that embodies all the sensitivity and gracefulness and playfulness I associate with my adopted home, Kyoto.” Pico Iyer, author of The Art Of Stillness Nowonsaleatallmajorbookstoresand www.stpressbooks.com.sg
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  • OPINION
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      Lock icon Modi’s mid-term report card shows more positives than negatives
      645 22 EDITORIAL THE Narendra Modi-led Indian government last week showcased its achievements on the completion of two years in office at a gala event in New Delhi, with its complement of films stars and other celebrities. Given the five-year election cycle in
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      Lock icon Good news for the middle class!
      759 22  -  THE BOTTOM LINE By Robert J Samuelson THE WASHINGTON POST WRITERS GROUP Washington MAYBE the middle class isn’t quite so stressed any more. We in the media are rightly criticised for a pessimistic bias. We cover the unfortunate, the grim and the tragic. News
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      Lock icon American exceptionalism seems to be fading
      1461 22  -  The process under which the Republicans and the Democrats have become more ideological while failing to reach a compromise on major policy issues has reached a new height By Leon Hadar Washington DURING the first stages of the presidential election season last year, before
      PHOTO: REUTERS  -  1,461 words
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      Lock icon Potential for further Hiroshimas remains
      1046 23  -  COMMENTARY By Anthony Rowley Tokyo BARACK Obama stood tall literally and figuratively when he delivered an address at Japan’s Hiroshima Peace Memorial last Friday before laying a wreath honouring the memory of nearly 100,000 people who perished in Hiroshima as a result of the 1945
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      Lock icon Corporate tourism means more to Singapore than hospitality
      781 23  -  COMMENTARY By Steven Cranwell T The writer is managing director and head of commercial banking at HSBC Singapore ON the face of it, discussions at the Apec T ourism Ministerial Meeting in Peru over the weekend would be as foreign to Singapore
      781 words
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      Lock icon Carrying on with the EU project as best as possible if UK leaves
      1075 23  -  European leaders will seek a coordinated front but divisions remain about how best to respond to what could be the EU’s most significant setback. BY ANDREW HAMMOND BY ANDREW HAMMOND T The writer is an associate at
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      967 24 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10 Jul 15 Jul APL Columbus
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  • LIFE & CULTURE
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      Lock icon French liqueurs go exotic with unusual ingredients
      423 25 AFP Avrillé, France WHETHER the ingredients are traditional, exotic or frankly bizarre, French liqueurs are reliable “ambassadors of quality”, an industry leader said. Visitors to the Printemps des Liqueurs, the industry’s annual trade fair, this month could sample tipples concocted from rose petals,
      AFP  -  423 words
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      Lock icon War bunker provides storage space for fine wines in Hong Kong
      800 25 AFP Hong Kong IN high-rise, high-priced Hong Kong, even millionaires don’t always have room to store their fine wine collection at home, but a converted British war bunker offers space-crunched oenophiles the perfect solution. Built by Her Majesty’s government
      AFP; PHOTO: AFP  -  800 words
    • Article
      Lock icon Hollywood’s golden age alive and kicking at retirement home
      819 25 Other than well-known personalities, residents also include cast and crew members AFP Los Angeles JOHNNY Weissmuller was said to walk the grounds of this retirement home letting out his trademark Tarzan yell. Another resident wistfully recalls missing out on a date
      AFP  -  819 words
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      Lock icon Many corals dead or dying on Barrier Reef: scientists
      501 25 AFP Sydney AT LEAST 35 per cent of corals in the northern and central regions of Australia’s Great Barrier Reef are dead or dying from a mass bleaching event, scientists said on Monday. The assessment was made following months of aerial
      AFP; PHOTO: AFP  -  501 words
  • Page 25 Miscellaneous
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      318 25 CRYPTIC CROSSWORD Across 1 Wood panels found in carts and bed (8) 9 Her pilot crashes in flying base (8) 10 Return blows to practise boxing (4) 11 Bather uncovered New York pickpocket after swindle (6-6) 13 Baltic capital left behind crazy song (8) 15 Wear down a sharp point
      318 words
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  • SME
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      Lock icon What’s the story of your startup?
      1303 26  -  Important clues for startup success can be found by analysing the key ingredients of a great story. BY VENUGOPAL GUPTA BY VENUGOPAL GUPTA T The writer is a startup specialist and runs a venture acceleration programme that helps early-stage startups build their ideas into
      PHOTOS: REUTERS  -  1,303 words
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      Lock icon What brands need to survive in a digital world
      1507 26  -  By Joerg Niessing T The writer is an affiliate professor of marketing at insead. IN EARLY 2013, HMV best-known as a bricks-and-mortar purveyor of CDs and DVDs appeared to be a clear-cut victim of digital disruption. Debts totalling £347 million had
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