The Business Times, 27 March 2015

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Microfilm: NL33431
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    24 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G C ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 Friday, March 27,2015
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  • DAILY DIGEST
    • Article
      Lock icon Singapore’s manufacturing
      34 1 sector contracted more than expected in February, falling 3.6 per cent year on year on the back of plant closures during the Chinese New Year holidays and muted external demand.TOP STORIES 4
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    • Article
      Lock icon Swiber Holdings
      23 1 is still aggressively going after new business while looking to pay down debt and strengthen its balance sheet. COMPANIES MARKETS 5
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    • Article
      Lock icon New listings
      37 1 around the world raised 19 per cent less money in the first quarter of 2015 compared to a year earlier as the US ran into a dry spell, according to a report. COMPANIES MARKETS 6
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    • Article, Illustration
      Lock icon Brent crude oil
      32 1 soared more than 4 per cent towards US$59 a barrel on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen. ENERGY COMMODITIES 11
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    • Article
      Lock icon Silicon Roundabout in London
      30 1 has become one of the top hubs for financial technology where startup firms are launching products to bypass traditional banks with phone apps and websites.TECHNOLOGY 12
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    • Article
      Lock icon Following Warren Buffett’s
      30 1 advice may be smart but nutritionists say that eating too many of the “junk-food” products made by companies he has invested in isn’t quite as wise. CONSUMER/14
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    • Article
      Lock icon Owners of strata
      35 1 title properties in Malaysia can expect an increase in maintenance fees once the 6 per cent goods and services tax is implemented in April even though such charges are exempted.REAL ESTATE 17
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    • Article
      Lock icon India is considering
      18 1 a sharper cut in emissions if rich nations cough up money and technology. GOVT ECONOMY/21
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  • Article
    Lock icon MARKETS
    27 1 Thursday Change STI 3,431.59 +12.57 KL COMP 1,818.42 -0.68 NIKKEI 225 19,471.12 -275.08 HANG SENG 24,497.08 -31.15 SHENZHEN B 1,143.73 +2.18 Dow (noon EDT) 17,707.16 -11.38
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  • Article, Illustration
    Lock icon Parliament pays emotional tribute to its longest-serving MP
    956 1  -  Eleven parliamentarians take turns to deliver heartfelt eulogies that reduced many to tears By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE chamber in the House was packed on Thursday. Members of Parliament (MPs) had filed in and taken their seats, but one place
    PHOTO: AFP  -  956 words
  • Article
    Lock icon New govt bond, easier ETF access ahead for retail players
    894 1  -  Firms, too, get incentives to issue retail bonds; reactions to the initiatives are positive By Fiona Lam fionalam@sph.com.sg Singapore A NEW type of government bond to be launched soon will offer retail investors a fresh option. Called Singapore Savings Bonds
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      103 1 Hill 8 '*****1 *****4 JAZZ Grooving to their own beat BT LIFESTYLE 30 GENEVE Creator of dreams Y/rm/fAe/ LADY Self-winding Gold with 12 rotating diamond solitaires, 0.30ct each Rotating pave semi-dial Diamond solitaire-set crown Dual-sided croco strap with diamond-set gold double buckle EXCLUSIVELY AVAILABLE AT: SARCAR PAVILLON Raffles City Shopping
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      Lock icon Page 1 Advertisements Column 2
      22 1 MANAGEMENT Singapore’s success puts global spotlight on its corporate leaders opinion 25 PROPERTY INVESTMENT Sales cross S$3b in Q1 REAL ESTATE 17
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      Lock icon Page 1 Advertisements Column 3
      20 1 ONLINE ONLY Read Boardroom Matters, a series of articles from the Singapore Institute of Directors, on BTinvest every Friday btd.sg/BMatters
      20 words
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  • LEE KUAN YEW 1923 – 2015
    • Article, Illustration
      Lock icon SPH holds memorial service for Lee Kuan Yew
      549 2  -  CEO Alan Chan recalls the dedication of “a man who lives and breathes Singapore” By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore WHEN Alan Chan was preparing to become principal private secretary to Lee Kuan Yew back in 1994, he asked one of his
      PHOTO: CAROLINE CHIA/THE STRAITS TIMES  -  549 words
    • Article, Illustration
      Lock icon A leader unfazed by politically sensitive questions
      1236 2  -  By Cecilia Tortajada, Asit K Biswas T The writers are co-founders of the Third World Centre for Water Management, Mexico. DrTortajada and Prof Biswas are also respectively senior research fellow and distinguished visiting professor at the Lee Kuan Yew School of Public Policy
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    • Article
      Lock icon A calibre that’s sadly lacking in regional leaders now
      790 2  -  By Anthony Rowley T The writer is BT’s Tokyo correspondent I HAD scarcely heard of Lee Kuan Yew when I first set foot on the hot tarmac of Singapore’s Seletar airport some 50 years ago in 1966 en route from London
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    • Article, Illustration
      Lock icon Lee Kuan Yew: legacy in numbers
      359 3  -  In his 31 years as Singapore’s first prime minister, and 52 as a Cabinet member, Lee Kuan Yew drove a multitude of policies which propelled Singapore towards economic success. From transforming domestic labour relations, to opening the doors to foreign investments and later encouraging
      BT Graphics: Gareth Chung, Hyrie Rahmat, Ludwig Ilio & Simon Ang; Sources: Penn World Tables (Real GDP per capita), Department of Statistics Singapore (all other charts)  -  359 words
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  • TOP STORIES
    • Article
      Lock icon Singapore’s factory output for February disappoints
      790 4  -  Most industry clusters shrank during the short month; economic restructuring and weak external demand didn’t help By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE’S manufacturing sector contracted more than expected in February, falling 3.6 per cent year on year on the back of plant closures
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    • Article
      Lock icon Singapore ranks 25th for government openness
      401 4  -  By Fiona Lam fionalam@sph.com.sg Singapore SINGAPORE’S government is the 25th most open out of 102 countries, according to the inaugural Open Government Index 2015 released by US-based advocacy group World Justice Project (WJP) on Thursday. The WJP Open Government Index measures government openness based
      401 words
    • Article
      Lock icon Crude at 2-week high on low US output gains, Yemen crisis
      635 4  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore BULLS trumped bears on Thursday, propelling crude futures to a two-week high as the market reacted to shrinking US crude production gains, mounting geopolitical tensions in Yemen and a weakening dollar. Despite
      635 words
  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      259 4 an f At Relish the JOYS OF EASTER pring over to 10 at Claymore this Easter for a spectacular brunch and savour epicurean delights such as eight types of fresh seafood on ice, including and from France, Canada and America. Other highlights include a curated cheese selection, hearty bistro fare,
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  • COMPANIES & MARKETS
    • Article
      Lock icon Swiber shares up on news of US$405m contracts
      733 5  -  Firm says it has no problem paying off S$95m debt due June and is eyeing US$1.1b India deals By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore A CONFIDENT Swiber Holdings is still aggressively going after new business while looking to pay down debt and
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    • Article
      Lock icon Citic, KKR control 60.2% of United Envirotech as offer goes unconditional
      456 5  -  By Claire Huang, Kenneth Lim huangjy@sph.com.sg @ClaireHuangBT kenlim@sph.com.sg @KennethLimBT Singapore THE consortium of Citic and private equity firm KKR have gained control of about 60.2 per cent of water-treatment specialist United Envirotech’s (UEL) existing shares, making its takeover bid
      456 words
    • Article
      Lock icon Keppel Corp moves close to 95.5% compulsory acquisition threshold
      438 5  -  Final extension of offer to March 31; Keppel Land to continue trading until the extended closing date By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore KEPPEL Corporation’s ownership of Keppel Land has hit 93.2 per cent, just 2.3 percentage points shy of the
      438 words
    • Article, Illustration
      Lock icon Global IPO proceeds shrink in Q1: EY
      539 6  -  Asia-Pacific deal proceeds fall 18% to US$15.8 billion, led by Greater China’s 21% decline in capital raised By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore NEW listings around the world raised 19 per cent less money in the first quarter of 2015 compared to a
      PHOTO: REUTERS  -  539 words
    • Article
      Lock icon CIMB to advise KL on sale of 1MDB firm
      144 6 REUTERS Kuala Lumpur CIMB Group Holdings Bhd, Malaysia’s second-largest bank by assets, said on Thursday it has been appointed by the country’s Finance Ministry to act as adviser for the potential sale of power firm Edra Global Energy Bhd, owned by
      REUTERS  -  144 words
    • Article, Illustration
      Lock icon Zopim to power FB’s Businesses on Messenger
      439 6  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore JUST a year after Zopim was acquired by New York-listed customer service firm Zendesk for some US$30 million, the Singapore live chat startup has chalked up yet another achievement this time partnering Facebook to power the latter’s
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    • Article
      Lock icon Singapore companies sell US$5.4b bonds year-to-date
      559 7  -  Increase of 1.6% from first quarter of 2014; US$1.4b raised from US-dollar bond market By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore SINGAPORE-BASED companies sold a total of US$5.43 billion worth of bonds so far this year, a 1.6 per cent increase from the first
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    • Article
      Lock icon Lloyd’s 2014 pre-tax profit unchanged at £3.2b
      356 7  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore GROWTH remained flat for Lloyd’s of London, the world’s specialist insurance and reinsurance market, which posted a pre-tax profit of £3.2 billion (S$6.53 billion), unchanged from 2013. Return on capital was 14.7 per cent, down from 16.2
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    • Article
      Lock icon MPA refutes Iceberg claims
      312 7  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE Maritime and Port Authority (MPA) has come out to say that some of research outfit Iceberg Research’s claims about commodities trader Noble Group are untrue. Iceberg last week claimed in its third report attacking Noble that a member of
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    • Article, Illustration
      Lock icon STI / Catalist
      62 8 STI Catalist Straits Times Index March 26,2015 3,431.59 +12.57 (+0.37%) Current streak 3 days Day high 3,439.15 Day low 3,406.75 52-week high 3,444.57 (Feb 11,2015) 52-week low 3,143.32 (Mar 26, 2014) FTSE ST Catalist index March 26,2015 696.55 +21.78 (+3.23%) Current streak 3 days Day high 696.55 Day low 673.46
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    • Article, Illustration
      Lock icon STI lift may be due to early window dressing
      660 8  -  Banks, along with Keppel Corp, CapitaLand and Singtel, contribute to the index’s gains; market turnover up at S$1.2 billion STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index (STI) on Thursday rose 12.57 points to 3,431.59, possibly thanks to early
      Source: Bloomberg  -  660 words
    • Article
      Lock icon STI STOCKS
      317 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 255 +1 255/251 263 219 5.6 6447.3 CapitaLand 362 +7 363/354 371 277 13.3 2.5 *****.1 CapitaMall Trust 218 +1 220/216 226 188.5 5 7562.5 CityDev 1004 cd -12 1015/1002 1118 915
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    • Article
      Lock icon MOST ACTIVE
      35 8 VOLUME Vallianz 109,416,100 Mirach Energy 90,656,400 Charisma Energy 61,912,900 Blumont 50,979,800 IHC 46,043,900 Market volume 1,716,539,000 VALUE DBS Grp 90,499,418 SingTel 77,015,862 Keppel Corp 76,222,910 CapitaLand 68,999,645 Keppel Land 65,771,627 Market value 1,230,287,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Mar 26 VALUE CLOSE BT OB/OS -66.00 +128.00 BT CADI -*****.00 +93.00 BT 10-day MA -*****.00 -7.00 FTSE ST Mid Cap 781.97 +2.11 FTSE ST Small Cap 483.91 +3.87 FTSE ST All Share 822.32 +3.09 FTSE ST China Top 193.79 +1.10 FTSE ST China 233.07 +0.25 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      34 8 STI FTSE ST All-Share ftse ST All-Share index March 26,2015 822.32 +3.09 (+0.38%) Current streak 6 days Day high 823.45 Day low 816.77 52-week high 827.11 (Feb 11,2015) 52-week low 762.71 (Oct 16, 2014)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE Index March 25,2015 1,900.12 -0.78 (-0.04%) Current streak 1 day Day high 1,909.15 Day low 1,895.52 52-week high 1,995.49 (July 3, 2014) 52-week low 1,697.01 (Jan 7, 2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 7 3 0 0 0 6 7 3 Manufacturing 47 31 41 10 3 12 57 34 53 Commerce 21 18 16 7 0 6 28 18 22 Tpt/Stor/Comms 20 9 7
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    • Article
      Lock icon GAINERS
      77 8 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 278.5 1.8 *****/***** DBXT S&P Short US$ 2211 61.4 2.1 2602/2117 JMH USD 6307 53.3 0.6 6788/5700 Lyxor US DJIA US$ 1840 28.7 1.2 1900/1629 Bukit Sembawang 523 20.0 4.0 644/480 BY PERCENTAGE CLOSE UP 52w high/low China Oilfield 0.5
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    • Article
      Lock icon LOSERS
      80 8 BY CENTS CLOSE DOWN 52w high/low SPDR DJIA US$ ***** -655.4 -2.7 *****/***** SPDR S&P500 US$ ***** -516.1 -1.8 *****/***** DBXT E50 US$ 5074 -122.9 -1.7 5630/4562 DBXT S&P500 US$ 3481 -88.8 -1.8 3626/3019 IS MS Idia S$D 1050 -50.0 -4.5 1116/795 BY PERCENTAGE CLOSE DOWN 52w high/low ChinaSing
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 8 VOL CLOSE($) CHANGE ChinaSing Inv 17.0 0.010 -0.020 -66.67 Charisma Energy 61,912.9 0.023 +0.008 +53.33 Fuji Offset 3.2 0.550 +0.030 +5.77 Mirach Energy 90,656.4 0.059 +0.017 +40.48 Kitchen Culture 25.0 0.290 +0.015 +5.46 China Oilfield 785.0 0.005 +0.002 +66.67 Vallianz 109,416.1 0.054 +0.011 +25.58 Blumont 50,979.8 0.012 +0.003
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    • BROKERS’ TAKE
      • Article
        Lock icon Singapore hospitality
        134 8 DBS Group Research, March 26 Indonesian tourists, Singapore’s largest source market (20 per cent share) fell 7 per cent year on year in the second half of 2014 and we expect further weakness in the first half of 2015. We believe this will taper expected rebound in visitor
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      • Article
        Lock icon Singapore Property
        137 8 Overweight Maybank Kim Eng Research, March 25 A recent spate of privatisations among developers has revived privatisation prospects for the sector. Keppel Land’s independent financial adviser’s view that Keppel Corp’s privatisation offer is “not a fair offer” reflects deep value in developer stocks. We also believe penalties for
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      • Article
        Lock icon Singapore Reits
        115 8  -  Compiled by Cai Haoxiang Underweight Maybank Kim Eng Research, March 25 Singapore Reits are expensive, trading close to one standard deviation below 12-year average yields. There is above-normal supply, below-trend demand. Borrowing costs are rising. We resume coverage, “underweight” the sector, and advocate stock-picking. Top “sells” are Ascendas
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    • Article
      Lock icon SGX ETFs Most Active
      110 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 344 +3 497 344/340 349/314 342/344 IS MS India US$ US768 -16 117 780/768 1000/605 768/770 96 Lyxor ChinaH US$ US1638 -2 104 1638/1603 1700/1280 1604/1630 90.1 Lyxor Taiwan US119.7 -1.9 96 119.8/119.7 123.6/101.2
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 26,016 26,016 107,745 107,745 Manufacturing 208,269 43,680 251,949 106,536 4,268 110,804 Commerce 80,978 121,493 202,471 55,270 5,756 61,026 Tpt/Stor/Comms 121,684 41 121,725 183,591 4 183,595 Finance 18,796 110 18,906 224,368 23 224,390 Construction 37,390 67,071
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    • Article
      Lock icon Yen advances as haven demand grows
      388 9 CURRENCIES BLOOMBERG London THE yen advanced to the strongest level in more than a month versus the dollar as Saudi Arabia and its allies bombed targets in Yemen, increasing demand for haven assets. The Canadian dollar and Norwegian kroner rose with the price of
      BLOOMBERG  -  388 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Mar 26 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.978 4.886 0.714 6.098 49.204 102.257 0.932 8.696 2.882 1.031 80.168 35.295 1.074 9.346 0.750 24.569 25.627 0.526 0.786 Canada 1.022 4.995
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      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Mar 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0733 1.0746 0.7861 0.7866 Canadian dollar 1.0976 1.0982 0.8039 0.8039 Euro 1.5040 1.5052 1.1015 1.1018 NZ dollar 1.0408 1.0421 0.7623 0.7628 Sterling pound 2.0394 2.0410 1.4936 1.4940
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Mar 26 S$ Bid Offer 1-month 1.3661 1.3670 2-months 1.3671 1.3681 3-months 1.3684 1.3695 6-months 1.3705 1.3717 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        466 9 Mar 26 onn tool iow am VCi DOW NIKKEI 22S INDEX FUTURES SPOT 1WIS.SC) 19*23 Vi 1 ?3V7 01 /uniB 19*5000 H66S.0P iwtuoo ***** 00 ***** *****2 Seals 19*6000 *****,00 ***** 00 ***** 00 4 111 MSCl TAIWAN INDEX FUTURES SPOT 35? 51 ssajs'o ***** HMDS 3-58
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        203 9 Mar 26 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****5 17.7 0.8 5710 0.1 2050 6 KepCorp MB eCW*****1 10.4 0.8 5451 0.2 930 6 UOB MB eCW*****1 12.1 0.5 5025 0.1 2380 4
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 9 In local curr In S$ In US$ dy yr dy yr dy yr Mar 25 Index Change Change Change Change Change Change World Preliminary 1340.1 -0.7 5.0 -0.6 6.4 -0.6 3.1 EAFE Preliminary 1101.6 -0.5 11.6 0.0 10.5 0.0 7.1 Europe Preliminary 1546.2 -0.9 11.9
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Mar 26 $S Offer Bid 0vernight 0.08 0.05 1-month 0.875 0.75 2-months 0.9375 0.8125 3-months 1.0625 0.93 Overnight mode: 0.30 US$ Offer Bid 7 days 0.17 0.07 1 month 0.23 0.13 2 months 0.28 0.18 3 months 0.40 0.20 6 months 0.60 0.40 9 months 0.70 0.50 12
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      • Article
        Lock icon SIBOR
        36 9 Mar 26 (S$) 1 mth 0.***** 2 mths 3 mths 1.***** 6 mths 1.***** 9 mths 12 mths 1.***** SWAP Offer rates (S$) 1 mth 0.***** 3 mths 1.***** 6 mths 1.***** Source: Thomson Reuters
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      • Article
        Lock icon GOVERNMENT SECURITIES
        63 9 Mar 26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.21 5-Year N*****0H 1.625 01-Oct-19 99.42 10-Year NY*****H 3.000 01-Sep-24 106.97 107.10 106.70 15-Year NY*****E 2.875 01-Jul-29 105.42 105.40 105.30 20-Year NZ*****V 3.375 01-Sep-33 110.55 30-Year NA*****N 2.750 01-Apr-42
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Mar-25 Price Net change change Last Trade Agricultural Mar-25 CBOT Soybeans (US cents/bu) 978.75 -3.00 -0.31% 14/05/2015 CBOT Soybean Oil (US cents/lb) 31.04 -0.07 -0.23% 14/05/2015 CBOT Wheat (US cents/bu) 519.00 -4.50 -0.86% 14/05/2014 Mar-25 LIFFE Cocoa (£/tonne) 1951.00 3.00 0.15% 13/05/2015 LIFFE Coffee (US$/tonne) 1791.00 -2.00 -0.11%
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      Lock icon Page 5 Advertisements Column 1
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      Lock icon Page 6 Advertisements Column 1
      375 6 STProperty EVENTS STPROPERTY SEMINAR: Strategies to Capitalise on Opportunities and Avoid Pitfalls in the Property Market 2015 All prices are inclusive of GST TICKETS NORMAL 1-Day Pass 2-Day Pass $25 $40 ‘Early bird price ends 30 March 2015 f 7 > wm m r\ s S:1 ATTEND OUR SEMINAR FOR
      375 words
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      Lock icon Page 6 Advertisements Column 2
      19 6 A Leasing Factoring Co. registered with BNM looking for JV Collaborative partnership Pis call Radzi +6019 2323 888 radzisejahtera@gmail.com
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      Lock icon Page 7 Advertisements Column 1
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      42 words
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      434 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Indonesian Islamic banks see loans tripling
      807 10 More than 30t rupiah shifted from Hajj fund to syariah lenders will drive credit growth to 25.8% BLOOMBERG Jakarta FLUSH with cash transfers from the state-controlled Hajj fund, Indonesia’s Islamic banks see loan growth tripling in 2015 as interest rate cuts spur demand. The
      BLOOMBERG; PHOTO: BLOOMBERG  -  807 words
    • Article
      Lock icon Beijing seen to relax rules on trading by foreign investors
      436 10 But it does not entail a net increase in size of foreign investments allowed REUTERS Hong Kong CHINA will relax rules covering trading by foreign investors on its Shang-hai-based interbank market, including making it simpler to obtain quotas for such
      REUTERS  -  436 words
    • Article
      Lock icon Australia investors headed for cash deluge
      367 10 REUTERS Sydney AUSTRALIAN investors will be showered in upwards of A$50 billion (S$53.6 billion) in cash over the next few weeks as dividend and bond payments come due, an injection of spending power that could prove a timely fillip for economic growth. April looks
      REUTERS  -  367 words
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      Lock icon Page 10 Advertisements Column 1
      2831 10 M1 LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****6031W) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 13th Annual General Meeting of the ordinary shareholders of the Company will be held at Singapore Marriott Hotel, Ballrooms II III, Level 3, 320 Orchard Road, Singapore
      2,831 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Oil prices surge after Saudi air strikes in Yemen
      470 11 Military operation raises concerns about security of Middle East shipments REUTERS London BRENT crude oil soared more than 4 per cent towards US$59 a barrel on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen,
      REUTERS; PHOTO: BLOOMBERG  -  470 words
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      2394 11 The Business Times NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices GENTING SI NGAPORE Genting Singapore PLC (Incorporated in the Isle of Man No. *****6V) www.gentingsingapore.com NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Thirtieth Annual General Meeting of Genting Singapore PLC (the “Company”) will be held at
      2,394 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon London’s ‘Silicon Roundabout’ big hit with investors
      614 12 Investment in financial technology firms in Britain, Ireland jumps to US$623m REU TERS London FROM the shabby streets of east London, some of the brightest minds in technology and banking are plotting a revolution. London’s “Silicon Roundabout” has become one of the top
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    • Article
      Lock icon EU unveils ambitious overhaul of digital economy
      394 12 AFP Brussels THE European Union (EU) unveiled an ambitious plan to overhaul Europe’s fragmented digital landscape on Wednesday that would allow Europeans travelling in other bloc countries to get their Netflix film fix or watch BBC iPlayer even when abroad. Europe is the
      AFP  -  394 words
    • Article
      Lock icon Facebook bets on Messenger app, opens it to developers
      647 12 AFP San Francisco FACEBOOK is turning its Messenger application into a platform for e-com-merce, video and more in a bid to shake up online communication. Facebook co-founder Mark Zuckerberg unveiled Messenger Platform, describing it as a way for software developers to
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      Lock icon Britain says Huawei poses no threat to its national security
      296 12 REUTERS London CHINA’S Huawei Technologies Co Ltd, the telecoms equipment giant whose products are now integral to various mobile and fixed-line networks, poses no threat to Britain’s national security, a board established to monitor the company’s operations has said. The
      REUTERS; PHOTO: BLOOMBERG  -  296 words
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      315 12 The Business Times notices Toll free 1800-289-8822 Email noticestSsph.com.sg www.sphdass.com.sg/notices ROYAL BANK OF CANADA FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED OCTOBER 31, 2014 Consolidated Balance Sheets As of October 31 (C$millions) Equity attributable to shareholders Preferred shares Common shares (shares issued 1,442,232,886 and 1,441,055,616) Treasury shares preferred (shares held
      315 words
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  • CONSUMER
    • Article
      Lock icon Nutritionists wary of Buffett’s portfolio
      641 14 He is adding to his investment more food brands regarded by many as junk food REUTERS New York FOLLOWING Warren Buffett’s investment advice may be smart but nutritionists say that eating too many of the “junk-food” products made by companies he has invested in isn’t
      REUTERS  -  641 words
    • Article
      Lock icon DSM opens regional Nutrition Innovation Centre here for R&D
      383 14  -  By Prisca Ang prisang@sph.com.sg Singapore DIET-CONSCIOUS Singaporeans may take heart as new solutions in nutrition science loom on the horizon. Global life sciences and materials sciences company DSM has opened a S$5 million Nutrition Innovation Centre for Asia-Pacific, part of its
      383 words
    • Article
      Lock icon O2 deal bets Brits want just mobile service
      806 14 BLOOMBERG Hong Kong LI Ka-shing’s US$15 billion takeover in the UK is a bet that Britons want just one thing from their telecommunications provider: mobile phone service. While his competitors in the UK are adding television and broadband offerings, the Hong Kong
      BLOOMBERG  -  806 words
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      2827 14 m Elec Eltek fix 1SI Elec Eltek International Company Limited (Incorporated In the Republic of Singapore with Limited Liability) Singapore Company Registration Number: *****0005H (Hong Kong Stock Code: 1151) (Singapore Stock Code: E16.SI) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the members
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      3522 15 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF TOP LOGISTICS EXPRESS (SINGAPORE) PTE. LTD. (In Members’ Voluntary Liquidation) Reg. No.*****2909E NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the above named Company duly convened and held at 20 Maxwell Road, #11-09 Maxwell House,
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      181 16 V*/ z. OUT YOUR CAREER J L MORE DAY TO Sat Sun, 28 29 March 2015* 10am to 7pm (Sat) 10am to 6pm (Sun) Suntec Convention Centre, Halls 405 406 (Level 4) Nearest MRT Station: Esplanade (Public transport is recommended in view of road closures and traffic diversions.) 28 March
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Property investment deals cross S$3b so far in Q1
      1314 17  -  Office sector has been the star performer while value of residential sector deals halve year on year. There’s plenty of capital, but a standoff in pricing By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore INVESTMENT sales of property big-ticket transactions of at least
      Source: Savills Research & Consultancy  -  1,314 words
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      Lock icon Owners of strata title properties expect rise in maintenance fees despite GST exemption
      610 17  -  MALAYSIA GST By Pauline Ng btworld@sph.com.sg Kuala Lumpur OWNERS of strata title properties in Malaysia can expect an increase in maintenance fees once the 6 per cent goods and services tax (GST) is implemented in April even
      PHOTO: BLOOMBERG  -  610 words
    • Article
      Lock icon Property auction sales almost double in Q1 to $34.3m
      549 17  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore TEN properties have been sold year-to-date, for S$34.3 million, in Singapore’s property auction market. This is double the S$13.7 million done in the fourth quarter of last year, and almost twice the S$ 17.9 million
      549 words
    • Article
      Lock icon Macau junket operator plans US$4b Vietnam casino with 2 partners
      208 17 REUTERS Hong Kong ONE of Macau’s top casino junket operators, a Vietnamese investment group and Hong Kong proper-ty-to-jewellery conglomerate Chow Tai Fook Enterprises will team up to develop a US$4 billion casino resort in Vietnam, companies involved in the project
      REUTERS  -  208 words
    • Article, Illustration
      Lock icon Market for US landmark buildings risky: China Life
      556 18 Buying by insurer’s competitors have pushed up prices of trophy assets BLOOMBERG Beijing CHINA Life Insurance Co, which is seeking to invest more of its US$362 billion of assets abroad, said the market for US landmark buildings has become risky after buying
      BLOOMBERG; PHOTO: BLOOMBERG  -  556 words
    • Article, Illustration
      Lock icon Stellar service is key to success
      749 19  -  Personalised and professional service is the signature of premium real estate company Realstar when it comes to helping customers achieve maximum yield in property buys. By Belinda Wan bwan@sph.com.sg IN the last decade, premium real estate company Realstar has achieved over $5 billion worth
      Photos and images courtesy of Realstar.  -  749 words
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      170 18 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements CLASSIFIED D04 HOUSE FOR SALE SENTOSA Bungalow Sentosa 3½-Storey 8159 sqft, 6+1 ensuite, 2 living, Pool, Lift, Berth. Also for rent. Owner 9144 0027/ 9771 6341 D04 HOUSE FOR SALE SENTOSA COVE Terrace Sentosa Cove, 2.5sty Basement, 4bdrms, land size 2677sf Berth.
      170 words
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      148 18 D11 21 HOUSE FOR SALE WATTEN ESTATE Below value! 2-sty semi-d, FHold. huge land 6366/ 3500 sf. Good schs. Jessie 9323 2120 D14 HOUSE FOR SALE DETACHED HOUSE Beautifully Renovated. FH 2-Storey Basement. Squarish land. Near Kembangan. Est 5K sf land. Pool. 5 rooms. $6.XM Joe 9278 8188 D19 HOUSE
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      155 18 D10 APARTMENT FOR SALE GLENTREES Penthouse with garden, pond, balcony. 999 yrs. SE facing. 1991 sqft. 3+2. Sale Rent. Good amenities www.lkyproperty.com Robin Jack Loh 9832 3151 D14 APARTMENT FOR SALE VACANZA EAST F’hold 2 bdrm 807 sf. Sell Vacant or with tenancy. $1.09M neg. Must View! 9187 5098 Fredrick
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      181 18 D15 HOUSE FOR RENT 63 GOODMAN ROAD Bungalow. Prime landed 4900/7300sf 6+1+ family +media rm+s/pool Corner.Face park. $23k. immed 9863 5635/9727 2996 (www.wahkhiaw.com.sg) D15 HOUSE FOR RENT 80C MEYER ROAD Cluster bunglw. Built-in 6500 sqft. 2-sty attic basement pool. Immed. $15.5K. Also sale. Owner 9863 5635/ 9727 2996 (www.wahkhiaw.com.sg) D08
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      160 18 D03 FACTORY FOR SALE THE ALEXCIER B1. 872sqft. With attached toilet. Redhill MRT. Good investment! Priced to Sell! Asking $600k. Rare! Matthias Chia 9127 9078 DTZ D13 FACTORY FOR SALE NEAR TAI SENG MRT Ideal For Business Expansion. B1 Building near Tai Seng MRT, Land *****sqft. 8-storey. Lease from 1964.
      160 words
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      1040 19 More than$5 billionworth of landed property transactions handled More than1,000landed properties available Realstarleads the way to your dream home www.realstarpremier.com Lic No: L*****63G D21 Binjai Best! 2 Sty Mediterranean GCB Approx. *****/9000 sqft 5+1+1, Pool, Quiet D10 Holland $1300 psf 2 Sty Elevated GCB Approx. *****/***** sqft 5+1, Pool, Lush
      1,040 words
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  • VEHICLES
    • Article, Illustration
      Lock icon Smart ways to manage work conflicts
      613 20  -  By John Bittleston The writer is the chairman, CEO founder mentor of Terrific Mentors International (http://www.TerrificMentors.com). E EITHER shy away from workplace conflict or adopt an unacceptably assertive attitude. We think that you must either bully or be bullied. Actually, managing conflict at work
      613 words
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      211 20 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements The Business times CLASSIFIED BUY IT SELL II FIND IT BMW FOR SALE BMW 320I 8/2008 BMW 320I (A) 18" s/rims. OMV $38,602! Low interest loan avai. Price neg!! Hurry! Pls call 9688 4305/ 6555 3300 LEXUS FOR SALE GS250 Mid 2012
      211 words
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      45 20 PETS PET CARE AQUARIUM TERRARIUM PRODUCTS Tillandsia/ Aquatic Plants/ Shrimps/ Accessories/ Fishes/Succulent Plants Etc. Pls Call 6775-7376/ gcshop-sg.com FB greenchaptershop PETS PET CARE PET FARM Small to Medium breed. Large puppies and kitten. Food and accessories. Boarding long/ short-term. Please call 6582 3333ERICSSON: SMALL-MEDIUM lli§
      45 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon India will cut emissions for more money, tech
      744 21 Minister calls for rich nations to finance climate technologies as they did for life-saving drugs for poor BLOOMBERG New Delhi INDIA, the world’s third biggest polluter, is considering a sharper cut in emissions if rich nations cough up money and technology. Environment
      BLOOMBERG; PHOTO: AFP  -  744 words
    • Article
      Lock icon Unexpected fall in Thai exports, rise in imports in Feb
      340 21 REUTERS Bangkok THAI exports fell more than expected in February, showing that a key growth engine for the country is still sputtering, but imports surprisingly rose for the first time in five months. The military took power in a coup
      REUTERS  -  340 words
    • Article
      Lock icon Indonesia seeks major role in Chinese-led AIIB
      246 21 Country expected to be one of the main beneficiaries of bank REUTERS Jakarta INDONESIA wants to play a major role in a new Chinese-led Asian infrastructure bank, with at least the vice-president’s position reserved for the South-east Asian country, the finance minister has
      REUTERS  -  246 words
    • Article, Illustration
      Lock icon SNB spent 25.8b francs to defend currency cap before abandoning it
      486 22 Central bank abandoned policy as it was too costly for country’s economy, it says in annual report REUTERS Zurich THE Swiss National Bank (SNB) spent 25.8 billion Swiss francs (S$37 billion) defending its cap on the currency late last
      REUTERS; PHOTO: REUTERS  -  486 words
    • Article
      Lock icon Rising German wages, consumption fuel recovery
      503 22 AFP Frankfurt GERMAN salaries are rising faster than expected, official data showed on Thursday, which augurs well for a continuation of the consumer-driven recovery that Europe’s biggest economy is currently enjoying, analysts said. When adjusted for inflation, “real” salaries in Germany increased by 1.7
      AFP  -  503 words
    • Article
      Lock icon S’pore ‘should adapt to China’s services shift’
      454 22  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Hong Kong CHINA has entered its post-industrialisation era, shifting away from a production-based economy to a servicesbased one, and Singapore will have to adjust accordingly in order to benefit, Dong Tao, Credit Suisse’s chief economist for non-Japan Asia
      454 words
    • Article
      Lock icon Greece optimistic on deal with eurozone next week
      197 22 REUTERS Athens GREECE is optimistic about reaching a deal on economic reforms with its eurozone peers early next week, unblocking urgently needed funding, its economy minister said on Thursday. After talks with EU leaders including German Chancellor Angela Merkel in the past
      REUTERS  -  197 words
  • Page 21 Advertisements
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      33 21 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices
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      2047 21 THE BUSINESS TIMES Ik I I /n I 1 Toll free 1800-289-8822 I I I Email notices@sph.com.sg M I V i j L J www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HILLVIEW REGENCY PTE LTD Company Registration No. *****3742C (In Members’ Voluntary
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      17 22 GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL SHAN (*****861) KALWANT (*****327) NISHAL (*****438)
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      Lock icon Page 22 Advertisements Column 2
      46 22 OPTIMISING THE WORK ENVIRONMENT r wm ASIA 2015 29-31 JULY 2015 Marina Bay Sands Expo Convention Centre, Singapore www.OfficExpoAsia.com The Next-Generation Workscape n Workforce Development Interested to exhibit? Tel: (65) 6848 5938 Email: OEA@bizlink.com.sg Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF Sfh QofficExpoAsia
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      73 22 v\r:clni V\<\ MWs ACADEMY 2015 Calling business owners! We have the Guaranteed Targeted Crowd of parents with young children for you! Proven Quality visitors with a keen interest in their child's growth and well-being!! JOIN US AT SUNTEC SINGAPORE! vi!u i Call us to enquire how we can help you
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      24 22 Zero IPOs in a quarter for the first time in local bourse in over 20 years To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • TRANSPORT
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  • OPINION
    • Article
      Lock icon AIIB shows bigger public-sector role needed in providing infrastructure
      506 24 EDITORIAL FIRST proposed back in October 2013, the China-sponsored Asian Infrastructure Investment Bank (AIIB) has rocketed into international attention of late, making headlines almost daily. But the debate has become a chiefly political one. Yet what matters most, surely, is not
      506 words
    • Article, Illustration
      Lock icon 1937-38 recession a lesson for the Fed
      700 24  -  THE BOTTOM LINE By Robert Samuelson Washington HOW fast should the Federal Reserve tighten monetary policy? Should it tighten at all? I recently wrote about these issues, but didn’t have the space to explore a fascinating aspect of the debate: The mostly forgotten
      700 words
    • Article, Illustration
      Lock icon MIND THE INFO GAP ON AEC
      1050 24  -  Research shows companies in Singapore prefer a wait-and-see approach towards the Asean Economic Community. BY DUNCAN FALZON AND PREETIKA GUPTA Community.BY DUNCAN FALZON, PREETIKA GUPTA T The writers are respectively managing director and senior research consultant at global market intelligence firm M-Brain Singapore, previously
      FILE PHOTO  -  1,050 words
    • Article
      Lock icon Firms need to consider cyber exposure as high-risk priority
      959 25  -  COMMENTARY By Scotland Walsh-Riddle T The writer is head of financial lines, Singapore at AIG Asia Pacific Insurance Pte Ltd SINGAPORE’S first cybersecurity agency will begin operations on April 1, overseeing national cybersecurity functions and developing infrastructure to better respond to
      959 words
    • Article
      Lock icon How to fight currency manipulation with trade pacts
      936 25  -  By Simon Johnson T The writer is a professor at MIT’s Sloan School of Management and the co-author of White House Burning: The Founding Fathers, Our National Debt, And why it Matters To You claims and home in on genuine cases may
      claims and home in on genuine cases – may offer the best chance to fix it. PROJECT SYNDI – CATE  -  936 words
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      Lock icon Singapore’s success puts global spotlight on its corporate leaders
      921 25  -  They have a reputation for professional ethics, are familiar with the Western mindset, are fluent in English and Mandarin, and know Asian markets. BY FABRICE DESMARESCAUX BY FABRICE DESMARESCAUX T The writer is managing partner of DTCA, a Singapore-based boutique firm
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    1942 26 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL KUC KK JKT SUR HAN SYMPHONY 1 60 3/4 4/4 8/4 12/4 NAGATO 1 80 8/4 11/4
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      106 26 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES Make A Splash In The Maritime World Via s|£iJhiaritime.coM Ahoy there! If you are in a business pertaining to any sector of
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  • Page 29 Miscellaneous
    • Miscellaneous
      Lock icon Page 29 Miscellaneous Column 1
      334 29 CRYPTIC CROSSWORD Across 1 Border cut off in fog that swirls? It’s ominous (10) 6 Crawling son, small (4) 9 Aggression of copper facing short man, interrupting suspension of hostilities (10) 10 Part of boom anticipated in ME state (4) 12 Aspect of sea recalled? That’s correct (4) 13 A
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  • Lifestyle
    • Article, Illustration
      Lock icon Mr Lee’s final gift: One united people
      680 30  -  OFF THE CUFF Jaime Ee I DON’T feel so good. The chest is tight, the air feels too warm and I’m prone to tearing at the slightest trigger. Am I coming down with something or am I just really, really, really sad? Such
      680 words
    • GROOVING TO THEIR OWN BEAT
      • Article, Illustration
        Lock icon Best-kept secret no more
        484 30  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT NEO-SOUL singer-songwriter Charlie Lim’s star has been rising fast of late. He’s already played two major international festivals here in the first two months of the year and in less than five years, he’s gone from critic’s darling and best-kept secret
        PHOTO: DAWN CHUA  -  484 words
      • Article, Illustration
        Lock icon Playing by their own rules
        486 30  -  By Avanti Nim avantin@sph.com.sg MOST bands go through a standard life cycle of forming, making music, and trying to get gigs. It’s safe to say The Steve Mcqueens aren’t like most bands. For one, they were formed after already securing a regular gig. Keyboardist Joshua
        PHOTO: MANEX EFREM  -  486 words
      • Article, Illustration
        Lock icon A jazzy love affair
        529 30  -  Jazz might be a niche genre but that hasn’t stopped a new breed of local musicians from dabbling in it. From a sultry jazz diva who used to be a bookworm to an energetic funk quintet that will play its biggest-ever show in London and a
        PHOTO: RUSSEL WONG  -  529 words
    • WINE
      • Article, Illustration
        Lock icon On vintage and provenance
        1059 27  -  Remember that wines have a finite life, and hoarding a bottle may well result in a “dead” drink. BY NK YONG A FEW days ago, I got a call from a friend asking what he should do with a “dead” bottle of Chateau Ducru Beaucaillou 1985?
        1,059 words
      • CITY BUZZ BT writers'picks of what to see, do or talk about
        • Article, Illustration
          Lock icon A CLASS ABOVE
          304 27  -  By Avanti Nim WINE Sherry Apprentice Masterclass SHERRY the oft-neglected fortified wine is staging a comeback. Helping to lift its profile is Spanish restaurant Una, which is holding a Sherry Apprentice Masterclass, organised by Iconic Wines and Gonzalez Byass. The class includes the theory of Sherry, tastings,
          304 words
        • Article, Illustration
          Lock icon THEATRE
          174 27  -  By Helmi Yusof Legends of the Southern Arch SET to be one of the most ambitious local productions of the year, Legends Of The Southern Arch (right) is a wuxia epic about a secret manual hidden under the Southern Arch that can make a fighter invincible. The search for
          174 words
        • Article, Illustration
          Lock icon CONCERT
          185 27  -  By Dylan Tan Jasmine Chen and the Jeremy Monteiro Shanghai Jazz Project THE Jeremy Monteiro Shanghai Jazz Project’s second and final show with Chinese vocalist Jasmine Chen takes place on Friday night at The Arts House’s Chamber. The local jazz king (below) has decided to go ahead with the
          185 words
        • Article, Illustration
          Lock icon DINING
          205 27  -  By Tay Suan Chiang Saint Pierre April Fools’ Dinner YOU know what it says on the menu won’t be quite what ends up on your plate on the dining table at this dinner. For one night only, Saint Pierre will be hosting an April Fools’ Dinner. Inspired by the
          205 words
        • Article, Illustration
          Lock icon APP
          216 27  -  By Rachel Loi Fine Dining Experiences http:// finediningexperiences.com CAN’T get a table at the hottest restaurant in town? Perhaps the new app Fine Dining Experiences (FDE) could help you out. Founded in 2013 and based in Germany, this app was recently launched in Singapore at the Asia’s 50 Best
          216 words
    • ARTS
      • Article, Illustration
        Lock icon In search of a lost time
        781 28  -  Simryn Gill, one of Asia’s most respected artists, opens her first major regional exhibition at the CCA on the subject of time. BY HELM I YUSOF PHOTOGRAPHY BY HELMI YUSOF helmi@sph.com.sg @HelmiBT IN 1988, when Simryn Gill was 29, she enrolled in the South
        781 words
      • Article, Illustration
        Lock icon Making his mark in LKY’s S’pore
        548 28  -  PAINTING By Cheah Ui-Hoon uihoon@sph.com.sg FAN Shao Hua’s first portrait of the late Lee Kuan Yew was in 1994 two years after the Guangzhou-born artist first landed in Singapore. “I was attracted to the orderliness and the mul-ti-cultural mix of Singapore and it was
        548 words
      • Article, Illustration
        Lock icon High profile for Singapore sculpture at Paris art show
        347 28  -  SOUTH-EAST ASIAN ART By Cheah Ui-Hoon uihoon@sph.com.sg AN unprecedented platform for Singapore’s contemporary arts was unveiled in Paris yesterday. Gracing the front steps of the Grand Palais in the French capital is Singapore artist Chen Sai Hua Kuan’s Listening 2 a
        PHOTO: NATIONAL HERITAGE BOARD/ THIBAUT CHAPOTOT  -  347 words
    • MUSIC/CINEMA
      • Article, Illustration
        Lock icon From making money to making music
        587 29  -  Ex-banker Druv Kent feels it’s not too late for him to pursue his life-long passion for making music. POP BY DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT AS an ex-banker, Druv Kent knows a few things about taking risks. He’s since taken one himself, ditching dollar notes
        587 words
      • Article, Illustration
        Lock icon More than just a simple tale of a girl and her dog
        536 29  -  FILM By Geoffrey Eu A MUTT named Hagen is the central character in White God, a film by the Hungarian director Kornel Mundruczo that while it features canines of indeterminate pedigree as well as a doggy stampede to
        536 words
      • Article, Illustration
        Lock icon Creating a fantasy world to keep troubles at bay
        473 29  -  By Geoffrey Eu THERE’S trouble in paradise, where one man’s unconventional approach to the problems of a distant Pacific isle is to fuel imaginations and create a fantasy world for the kids he teaches by reading aloud from a classic of
        473 words
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