The Business Times, 31 March 2015

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Total Pages: 28
1 28 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 Tuesday, March 31,2015
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  • DAILY DIGEST
    • Article
      Lock icon Singapore businesses
      21 1 are slightly more optimistic about the next three months, according to the Singapore Commercial Credit Bureau. TOP STORIES 2
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    • Article
      Lock icon BNP Paribas is on track
      31 1 to grow its revenue in Asia Pacific to three billion euros by 2016 as it grows its wealth management business, says an executive. TOP STORIES 4
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    • Article
      Lock icon Healthcare firm Abbott
      33 1 has opened its first nutrition pilot plant in Asia in Singapore, a US$24 million investment which will also serve as its second R&D hub outside the US. TOP STORIES /6
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    • Article, Illustration
      Lock icon GIC and Temasek
      26 1 Holdings have each committed to buying up to 450 million Swiss francs worth of shares in Swiss travel retailer Dufry. COMPANIES MARKETS 8
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    • Article
      Lock icon Insurer Aviva Singapore
      22 1 posted a 23 per cent rise in value of new business to S$182 million in 2014. COMPANIES MARKETS 9
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    • Article
      Lock icon Private equity firm Warburg Pincus
      30 1 has told investors it will seek to raise a new US$12 billion global fund, just two years after a US$11.2 billion fund. BANKING FINANCE 16
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    • Article
      Lock icon Iran is emerging again
      24 1 as a potential prize for western oil companies such as BP, Royal Dutch Shell, Eni and Total. ENERGY COMMODITIES 18
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    • Article
      Lock icon WPP chief executive
      18 1 Martin Sorrell believes that advertisers need to reconsider sales response in newspapers and magazines.CONSUMER 20
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    • Article
      Lock icon Oman Air
      26 1 which has launched direct daily flights to Singapore, plans to virtually double its fleet to 70 planes by the end of the decade.TRANSPORT 21
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    • Article
      Lock icon Market metrics show Greece
      33 1 is in danger of sinking under the burden of its debt, putting repayments of 500 billion euros owed to European taxpayers, banks and bondholders in jeopardy. GOVT ECONOMY 23
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  • Article
    Lock icon MARKETS
    27 1 Monday Change STI 3,454.26 +4.16 KL COMP 1,821.83 +8.46 NIKKEI 225 19,411.40 +125.77 HANG SENG 24,855.12 +368.92 SHENZHEN B 1,159.66 +10.06 DOW (noon EDT) 17,975.44 +262.78
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  • Article
    Lock icon Savings bonds may put fixed deposits at risk
    890 1  -  Observers praise flexibility, long tenures ahead of second-half launch By Fiona Lam, Kenneth Lim fionalam@sph.com.sg kenlim@sph.com.sg @KennethLimBT Singapore THE launch of the Singapore Savings Bonds (SSB) in the second half of this year could be a win for retail investors but a
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  • Article
    Lock icon HDB bans subletting of its industrial space from June
    815 1  -  Impact expected to be minimal, given small affected group and generous grace period By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE Housing and Development Board (HDB) is aligning the subletting policy for its industrial land with JTC Corporation’s, to ensure that Singapore’s
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      202 1 Hill 8 '*****1 *****4 BEATING THE ODDS BH Global on the need to create a tech culture SME 28 am m 7 1 i m. 1 1 GLAMOUR DATE-DAY Self-winding mechanical movemSnt, steiyJnd 18 ct yellow gotcfeouble bezel waterproof to too m, steel case 39»Vn cmcl 26 mm respectively. Visit
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      Lock icon Page 1 Advertisements Column 2
      27 1 SUN VENTURE Samsung Hub office floor sold at S$3,250 psf REAL ESTATE 13 FLASH ESTIMATES Prices of completed condos down 0.3% in February: NUS real estate /14
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      11 1 LEE KUAN YEW Truly the father of Changi Airport OPINION 25
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  • TOP STORIES
    • Article
      Lock icon Singapore business sentiment improves: credit bureau
      443 2  -  Despite the upturn, current sentiment is still lower than every reading from end-March 2013 to end-Sept 2014 By Kenneth Lim kenlim@sph.com.sg @KennethLimBT T With additional reporting by Mindy Tan Mindy Tan Singapore SINGAPORE businesses are slightly more optimistic about the next three months, the
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    • Article
      Lock icon Singapore delivers Phase 1 of plan for Indian state capital city
      301 2  -  By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore SINGAPORE has delivered on schedule the first phase of a master plan to build a new capital city in the south-eastern Indian state of Andhra Pradesh. The plan for the city was
      301 words
    • Article, Illustration
      Lock icon New bonds, old comforts
      514 2 BT Explains Singapore plans to launch Savings Bonds in the second half of 2015. To offer a low-risk, long-term investment option for individuals, the bonds are endowed with an unusual package of features. KENNETH LIMhelps to figure out just how it all works HOW One critical
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    • Article, Illustration
      Lock icon Cameron meets the Queen, starts knife-edge election campaign
      549 2 REUTERS London CAMPAIGNING in Britain’s closest election in decades began on Monday after Prime Minister David Cameron met Queen Elizabeth to tell her parliament had been dissolved, teeing up a fraught battle to govern a US$2.8 trillion economy. Mr Cameron made the
      REUTERS; PHOTO: AFP  -  549 words
    • Article
      Lock icon Consumer spending tepid; savings at 2-year high
      450 2 LATEST US DATA es, typically a month or two later. REUTERS, BLOOMBERG Washington US CONSUMER spending barely rose in February as households boosted savings to their highest level in more than two years, the latest sign that the economy hit a soft patch
      es, typically a month or two later. REUTERS, BLOOMBERG  -  450 words
    • Article, Illustration
      Lock icon BNP Paribas on track for growth in Asia-Pacific
      909 4  -  French bank is growing its wealth management business, aiming for a healthy share of the covered-bonds market By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore BNP Paribas is on track to grow its revenue in Asia-Pacific to three billion euros (S$4.5 billion) by 2016
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    • Article, Illustration
      Lock icon Coutts purchase priced far below US$1b: UBP exec
      707 4  -  Some headcount cuts in Switzerland likely, but minimal in Asia, given UBP’s small presence here By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore Union Bancaire Privée (UBP), which late last week announced its purchase of Coutts International, would pay far below US$1 billion for
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    • Article
      Lock icon Oil prices drop on possible Iran nuclear deal, strong US dollar
      412 4 REUTERS London OIL prices fell on Monday as officials from Iran and six world powers discussed a possible deal over Tehran’s nuclear programme that could bring an end to sanctions and allow an increase in Iranian oil exports. The
      REUTERS  -  412 words
    • Article, Illustration
      Lock icon Abbott opens US$24m nutrition R&D plant
      468 6  -  Pilot plant will be global healthcare group’s second R&D hub outside the US By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore GLOBAL healthcare firm Abbott has opened its first nutrition pilot plant in Asia here, a US$24 million investment which will also serve as the group’s
      468 words
    • Article
      Lock icon No end in sight for exodus out of commodity funds
      921 6 Many markets are oversupplied; growth in China and EMs not fast enough to create demand New York INVESTORS are bailing out of commodity funds at the fastest pace on record, and the exodus shows no signs of ending. US exchange-traded
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    • Article, Illustration
      Lock icon New board members at CRA and bodies under MTI and MOF
      641 6  -  By Prisca Ang prisang@sph.com.sg Singapore A NUMBER of government and regulatory agencies have announced changes to their boards. The Casino Regulatory Authority (CRA) has named former Shell executive Lee Tzu Yang as its chairman. Currently on the board as
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      376 4 A STProperty EVENTS STPROPERTY SEMINAR: Strategies to Capitalise on Opportunities and Avoid Pitfalls in the Property Market 2015 m ATTEND OUR SEMINAR FOR A CHANCE TO WIN A SAMSUNG GALAXY NOTE 4! Seminar fee Includes refreshments buffet lunch at Suntec Singapore Convention Exhibition Centre worth $50! Get the best deals
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    • Advertisement
      Lock icon Page 4 Advertisements Column 2
      28 4 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      59 6 lO Wm nrjanmar Incorporating: Myanmar O retail mT Urban and City Planning Conference 2015 Real Estate Show Myanmar 2015 29 June -1 July 2015 Yangon, Myanmar I Your gateway to trends and investment opportunities in Myanmar's real estate Contact Jason at +65 6848 6051 or email jason@sphereconferences.com to find out
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    • Advertisement
      Lock icon Page 6 Advertisements Column 2
      55 6 HOT PROPERTY NEW SMALL OFFICE Bugis $788/mth, Beach Rd $688/mth. MIDVIEW CITY. 3 units side by side 1679sqft ea include parking lots Ramp up. Own toilet. BRAND NEW OFFICE Lavender approx 3500sf. MRT City view, corp image. Gym pool. OFFICE SPACES FOR RENT Check out these properties and more in
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon GIC, Temasek to each acquire up to 450m Swiss francs of shares in Dufry
      488 8  -  Swiss travel retailer is raising funds to buy Italy’s World Duty Free By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore GOVERNMENT of Singapore Investment Corp (GIC) and Temasek Holdings have each committed to buying up to 450 million
      PHOTO: REUTERS  -  488 words
    • Article
      Lock icon CCFH to diversify into helicopter leasing and solar plant project
      459 8  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore CATALIST-listed CCFH, which owns bedlinen brand Friven, intends to bid bedding goodnight with its latest plan to diversify into fund management, helicopter leasing and solar plants in the Caribbean islands. This comes after CCFH
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    • Article, Illustration
      Lock icon Sino Construction shoots up 21% on news of placement
      319 8  -  HOT STOCK By Angela Tan angelat@sph.com.sg Singapore SINO Construction’s share price rose on Monday morning after the company said it would raise S$6.5 million through the placement of 262 million new shares. The shares ended Monday’s session at S$0.035 each, up
      Source: Bloomberg  -  319 words
    • Article, Illustration
      Lock icon Aviva S’pore reports 49% jump in 2014 sales, thanks to DBS tie-up
      671 9  -  Insurer says value of new business jumped 23 per cent to S$182m By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore DRIVEN largely by its partnership with local lender DBS, insurer Aviva Singapore posted a 23 per cent rise in value
      FILE PHOTO  -  671 words
    • Article
      Lock icon SGX should consider dual-class shares, says NUS professor
      445 9  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore FOR the Singapore Exchange (SGX) to attract initial public offerings (IPOs), it would have to convince more family firms both from here and the region to list. And to do that, SGX should permit the use
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    • Article
      Lock icon Singapore medtech startup raises US$1m
      360 9  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore HEALINT the Singapore medtech startup behind migraine tracking app Migraine Buddy and the now-defunct emergency alert app JustShakeIt has raised over US$1 million in its second round of seed funding. Led by Wavemaker Pacific, the round also saw participation
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    • Article, Illustration
      Lock icon STI / Catalist
      63 10 STI Catalist Straits Times Index March 30,2015 3,454.26 +4.16 (+0.12%) Current streak 5 days Day high 3,458.71 Day low 3,440.30 52-week high 3,454.26 (Mar 30, 2015) 52-week low 3,154.21 (Oct 16, 2014) FTSE ST Catalist index March 30,2015 701.87 +2.59 (+0.37%) Current streak 5 days Day high 704.74 Day low
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    • Article, Illustration
      Lock icon Penny stocks in play again
      648 10  -  STI rises for fifth consecutive day, but window-dressing push yet to materialise STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT ONE gauge of market activity or quality if you prefer is the average value per unit traded. This is obtained by dividing the dollar value by turnover,
      Source: Bloomberg  -  648 words
    • Article
      Lock icon STI STOCKS
      317 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 256 unch 257/255 263 219 5.6 6472.6 CapitaLand 365 +5 365/359 371 285 13.4 2.5 *****.3 CapitaMall Trust 218 +2 219/216 226 188.5 5 7562.5 CityDev 1018 cd unch 1021/1012 1118 915
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    • Article
      Lock icon MOST ACTIVE
      35 10 VOLUME SIIC Environment 89,360,800 Vallianz 79,264,500 Albedo 63,006,100 Ellipsiz 52,655,800 Darco Water Tech 50,373,400 Market volume 1,777,875,000 VALUE Singtel 83,692,623 UOB 56,562,292 DBS Grp 39,403,814 Global Logistic 35,373,515 CapitaLand 34,779,782 Market value 966,455,000
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    • Article
      Lock icon SGX ETFs Most Active
      109 10 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 345 333 346/343 349/318 344/345 UETF SSE50China 263 +10 195 264/258 264/140 262/263 82.2 DBXT ASX200 US$ US3764 171 -/-4403/3530 3833/3843 7.5 DBXT MSPAKIS US$ US178.5 -7.7 160 186.2/178.5 218.4/178.5 177.4/178.2 8.7 ABF SG
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Mar 30 VALUE CLOSE BT OB/OS 174.00 +149.00 BT CADI -*****.00 +31.00 BT 10-day MA -*****.00 +17.00 FTSE ST Mid Cap 784.18 +0.82 FTSE ST Small Cap 486.35 +0.16 FTSE ST All Share 827.18 +0.93 FTSE ST China Top 195.30 +0.07 FTSE ST China 235.67 +0.89 FTSE
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    • Article
      Lock icon GAINERS
      75 10 BY CENTS CLOSE UP 52w high/low DBXT China50 US$ 3533 137.5 2.9 3554/2699 SPDR S&P500 US$ ***** 99.0 0.4 *****/***** JSH USD 3553 94.9 2.0 3810/3233 Lyxor ChinaH US$ 1693 86.6 3.9 1700/1280 DBXT Nifty US$ ***** 79.8 0.4 *****/***** BY PERCENTAGE CLOSE UP 52w high/low Foreland FabriT 1.5
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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 March 30,2015 827.18 +0.93 (+0.11%) Current streak 8 days Day high 827.83 Day low 824.66 52-week high 827.18 (Mar 30, 2015) 52-week low 762.71 (Oct 16, 2014)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 10 STI MSCI EAFE MSCI EAFE Index March 27,2015 1,869.83 -4.73 (-0.25%) Current streak 3 days Day high 1,876.06 Day low 1,859.47 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 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 4 3 0 0 0 9 4 3 Manufacturing 49 42 34 7 8 10 56 50 44 Commerce 18 19 16 6 1 2 24 20 18 Tpt/Stor/Comms 13 14 13
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,175 13,175 46,548 46,548 Manufacturing 185,569 36,102 221,671 92,951 2,981 95,932 Commerce 74,553 156,766 231,319 69,403 5,241 74,645 Tpt/Stor/Comms 140,600 1,321 141,921 196,532 91 196,623 Finance 15,136 708 15,844 145,430 180 145,610 Construction 90,204 26,263
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    • Article
      Lock icon LOSERS
      74 10 BY CENTS CLOSE DOWN 52w high/low DBXT MSEurope US$ 5890 -163.6 -2.0 6492/5366 GLD US$ ***** -134.8 -0.9 *****/***** DBXT MSTaiwan US$ 2217 -72.9 -2.3 2322/2008 Jardine C&C 4072 -48.0 -1.2 4901/3850 JMH USD 6306 -22.0 -0.3 6788/5700 BY PERCENTAGE CLOSE DOWN 52w high/low Ezion MBeCW*****4 0.1 -87.5 -0.7
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 10 VOL CLOSE($) CHANGE Edition 699.9 0.015 +0.004 +36.36 S i2i 7,162.0 0.003 +0.001 +50.00 Plastoform 11,500.0 0.008 -0.002 -20.00 Foreland FabriT 693.0 0.015 +0.005 +50.00 Yong Xin Intl 899.0 0.010 -0.001 -9.09 Darco Water Tech 50,373.4 0.029 +0.004 +16.00 IEV 470.9 0.089 -0.021 -19.09 CNA 39,653.5 0.025 +0.003
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    • BROKERS’ TAKE
      • Article
        Lock icon Singapore property Overweight
        113 10 UOB Kay Hian, March 30 Positive carry still exists despite the sharp jump in mortgage rates but it is becoming increasingly difficult to rent out units. Affordability remains manageable with our sensitivity analysis indicating that every one percentage point rise in interest rates would result in the
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      • Article
        Lock icon Biosensors International Group | Sell
        145 10 Biosensors International Group Sell March 30 close: S$0.76 Target price: S$0.60 OCBC Investment Research, March 30 We acknowledge that Biosensors International Group (BIG) has announced a series of positive news over the past two months, which includes expanding its endovascular product portfolio through a distribution agreement with Veryan Medical for
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      • Article
        Lock icon Singapore rigbuilders | Negative
        166 10  - Singapore rigbuilders Negative Compiled by Kenneth Lim Daiwa, March 27 Since our last sector report “Heading into a downcycle” dated Feb 2, 2015, both Singapore yards, Keppel Corp and Sembcorp Marine, have been implicated in the Brazilian graft scandal, now widely known as “Operation Car Wash”. The situation within the
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    • Article
      Lock icon CALENDAR
      11 10 DATA I 10pm (March 31) US S&P/Case-Shiller Home Price Index
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    • Article
      Lock icon Euro down on Greece uncertainty
      425 11 CURRENCIES REUTERS London THE euro fell on Monday, hurt by uncertainty over whether Greece and its creditors will be able to strike a deal that will help Athens secure funding before it runs out of money by April 20. Talks continued through the weekend and
      REUTERS  -  425 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Mar 30 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.971 4.771 0.709 5.959 48.138 100.520 0.920 8.510 2.860 1.022 78.299 34.427 1.057 9.293 0.742 24.063 25.038 0.518 0.769 Canada 1.029 4.911
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      • Article, Illustration
        Lock icon HANG SENG
        2 11
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      • Article, Illustration
        Lock icon NIKKEI
        1 11
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 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 Mar 30 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0564 1.0576 0.7683 0.7687 Canadian dollar 1.0876 1.0885 0.7912 0.7910 Euro 1.4893 1.4904 1.0831 1.0833 NZ dollar 1.0335 1.0349 0.7516 0.7522 Sterling pound 2.0394 2.0411 1.4832 1.4836
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Mar 30 S$ Bid Offer 1-month 1.3759 1.3770 2-months 1.3769 1.3780 3-months 1.3779 1.3791 6-months 1.3804 1.3813 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        202 11 Mar 30 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****5 17.6 0.2 2406 0.1 2050 6 NOL MB eCW*****1 7.6 -0.1 2380 0.4 100 11 Albedo Limited W*****9 0.6 0.1 2161 Rowsley Ltd W*****3
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 11 In local curr In S$ In US$ dy yr dy yr dy yr Mar 27 Index Change Change Change Change Change Change World Preliminary 1328.0 0.0 4.1 0.0 5.3 -0.1 1.9 EAFE Preliminary 1089.0 -0.1 10.3 -0.2 8.9 -0.3 5.3 Europe Preliminary 1532.9 0.0 10.9
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        395 11 Mar 30 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.44 *****.35 *****.60 Mar15 *****.50 *****.00 *****.50 *****.35 *****0 *****8 Apr15 *****.50 *****.50 *****.50 *****.00 *****3 *****8 NIKKEI 225 INDEX FUTURES SPOT *****.21 *****.07 *****.29 Jun15 *****.00 *****.00 *****.00 *****.00 *****9 *****6 Sep15
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 Mar 30 $S Offer Bid 0vernight 0.08 0.03 1-month 0.875 0.75 2-months 0.9375 0.8125 3-months 1.0625 0.95 Overnight mode: 0.05 US$ 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 11 Mar 30 (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
        69 11 Mar 30 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.09 102.17 102.16 5-Year N*****0H 1.625 01-Oct-19 98.9 98.95 98.95 10-Year NY*****H 3.000 01-Sep-24 105.73 106.80 105.75 15-Year NY*****E 2.875 01-Jul-29 103.59 104.70 103.70 20-Year NZ*****V 3.375 01-Sep-33 108.35
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        274 11 Mar-27 Price Net change change Last Trade Agricultural Mar-27 CBOT Soybeans (US cents/bu) 967.25 -7.25 -0.74% 14/05/2015 CBOT Soybean Oil (US cents/lb) 30.60 -0.57 -1.83% 14/05/2015 CBOT Wheat (US cents/bu) 507.75 8.50 1.70% 14/05/2014 Mar-27 LIFFE Cocoa (£/tonne) 1921.00 -19.00 -0.98% 13/05/2015 LIFFE Coffee (US$/tonne) 1763.00 -28.00 -1.56%
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    • Article
      Lock icon Hatcher’s new US$100m venture
      530 12  -  Fund to move from seed-stage to later-stage growth investments By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore Singapore SINGAPORE-based investment holding firm Hatcher has unveiled a new US$100 million venture fund to invest in fintech and tech growth-stage startups globally believed to the first new venture fund announced
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    • Article
      Lock icon A-Reit completes acquisition of The Kendall for S$112m
      261 12  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore ASCENDAS Real Estate Investment Trust (A-Reit) has completed the acquisition of The Kendall at 50 Science Park Road for a purchase consideration of S$ 112.0 million from Singapore Science Park Ltd, a wholly owned subsidiary of
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    • Article
      Lock icon SGX seeks public views on position accounts for CDP clearing members
      221 12  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore SINGAPORE Exchange (SGX) is consulting the public on the proposed introduction of position accounts for clearing members of the Central Depository (CDP) as an operational step to further improve the posttrade environment of
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    • IN BRIEF
      • Article
        Lock icon KepCorp’s stake in KepLand up
        64 12 KEPPEL Corp’s shareholding in Keppel Land had inched up 0.5 percentage point to 93.9 per cent by 5pm on Monday. This is still 1.6 percentage points short of the 95.5 per cent compulsory acquisition threshold for the higher offer price of S$4.60 per share to
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      • Article
        Lock icon IPC in talks to sell 7 Japan hotels
        67 12 IPC Corporation is in negotiations to sell its remaining seven hotels in Japan. The proposed sale price for the properties is in the region of S$150 million subject to agreement between the parties. The company added that no definitive or binding agreement
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      • Article
        Lock icon Tianjin Zhongxin profit up 2%
        78 12 TIANJIN Zhongxin Pharmaceutical Group posted a net profit of 357.8 million yuan (S$79 million) for the financial year ended Dec 31, 2014, up 2 per cent compared to the prior year. In the same period, revenue jumped 18 per cent to 7.09 billion yuan. The
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      Lock icon Page 8 Advertisements Column 1
      320 8 AN ASME-LIANHE ZAOBAO AWARD if Sinsapore Prestise Brand Award 15 PUSH YOUR BRAND BEYOND J30UNTDARIES The journey to brand excellence is paved with goals to achieve, milestones to mark and summits to conquer. Every step is a laudable effort in the ascent to the top. Brands that dare to venture
      320 words
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      Lock icon Page 8 Advertisements Column 2
      24 8 Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
      24 words
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  • Page 9 Advertisements
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      377 9 Annual Conference 2015 Smart Finance Rise of the Digital Intrapreneur The ACCA Annual Conference is back! Singapore is building a 'Smart Nation' with an ultra-hic speed, pervasive, intelligent and trusted ICT (information communications technology) infrastructure, as well as a vibrant ICT ecosystem with a ready pool of talent, in accordance
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  • Page 12 Advertisements
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      2361 12 CHINA MINING INTERNATIONAL LIMITED (Incorporated in Cayman Islands) (Company Registration No. CT-*****5) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Tenth Annual General Meeting of China Mining International Limited will be held at Furama Riverfront Hotel, Venus III, level 3, 405 Havelock Road, Singapore *****3 on Wednesday,
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Samsung Hub office floor sold at S$3,250 psf
      637 13  -  Sun Venture sells Level 8 to a HK party but plans to retain three other floors in the 999-year building By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE eighth floor of the 999-year leasehold Samsung Hub has been transacted at S$3,250 per square
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      Lock icon Amprop, HPL, Temasek team up to redevelop two London projects
      550 13  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA’S Amcorp Properties Bhd (Amprop) is teaming again with Singapore’s Hotel Properties Ltd (HPL) and UK developer Native Land to redevelop two existing properties on 2 hectares in Bankside opposite the River Thames in
      550 words
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      Lock icon Evergrande core profit up on more completed projects
      269 13 REUTERS Hong Kong CHINESE property developer Evergrande Real Estate Group Ltd said on Monday that record sales and an increase in completed projects helped lift its 2014 core profit 16.5 per cent, beating estimates. China’s fourth-largest property developer by assets also forecast
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      Lock icon Prices of completed condos down 0.3% in February: NUS
      611 14  -  Residential price index also falls due to slide in central region, including financial district and Sentosa Cove By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore PRICES of completed private non-landed homes in Singapore dipped 0.3 per cent in February from January, going by
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    • Article
      Lock icon Soon-to-be: Home free no more as legal countdown begins
      1014 14 NYT Miami IN SEPTEMBER, Susan Rodolfi celebrated an unusual anniversary: five years of missed mortgage payments. She is like a ghost of the housing market’s painful past, one of thousands of Americans who have skipped years of mortgage payments and are
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    • Article
      Lock icon Beijing further eases mortgage policies
      276 15 BLOOMBERG Beijing CHINA lowered down-payment requirements for some second homes, further easing mortgage policies as the government seeks to prop up the property market and counter an economic slowdown. The People’s Bank of China cut the minimum down payment to 40 per cent from 60
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      Lock icon HK retail rents drop on falling Chinese tourist numbers
      591 15 Chinese govt crackdown on lavish spending has encouraged tourists to shop further away from home REUTERS Hong Kong A DROP in Chinese tourist numbers is driving down shop rentals in Hong Kong, with vacancies increasing in the same prime areas that
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      214 13 r n A FREEHOLD PROPERTY WITH A TIMELESS DESIGN IS WORTH INVESTING ANYTIME. Live the high life at Amber Skye. A 22-storey luxury residential development with an iconic Italian design, in the prime District 15. This is the beginning of anything you want. OWNERSHIP HAS ITS PRIVILEGES 109 units of
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      1021 14 The Business Times Ik 1 f 1 Toll free 1800-289-8822 I I Email notices@sph.com.sg i j L J www.sphclass.com.sg/notices BOUSTEAD SINGAPORE LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****1036K) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of Boustead Singapore
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      591 14 ParkwayLife REIT PARKWAY LIFE REAL ESTATE INVESTMENT TRUST (constituted in the Republic of Singapore pursuant to a trust deed dated 12 July 2007 (as amended)) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the holders of units of Parkway Life Real Estate Investment
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      482 15 Huttons* realestategroup Huttons Asia Pte Ltd Licence no. L *****99K COLLECTIVE SALE SELEGIE CENTRE X To Central Expessway Mount Emlly Park '(y. Farrer Park Tekka Ctr Wa. Food Ctr Market SUBJECT SITE LaSalle International Design Sch Piaza L Singapura laTSia Dhoby Ghaut Cti Cathay Parkiane Shopping Mali Paradiz Nanyang Academy
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      256 15 RARE BOAT QUAY SHOPHOUSES Coveted 999-year tenure Zoned “Commercial” No ABSD Approved for F&B use Excellent unobstructed view of the Singapore River Popular precinct for alfresco restaurants and pubs Near to Raffles Place and Clark Quay MRT stations 100% tenanted offering stable income 4 shophouse units Single shophouse Site Area:
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      331 15 KnightFrank.com.sg LAND AT CHANCERY HILL W* Knight *4 Frank Mt Pleasant I (U/C) I a 1 SUBJECT PROPERTY Mt Elizabeth .7 Novena Hospital t O Square 2 Novena Specialist Centre <j»Nov Chancery Lane —--5 PM0U LM£, N Land Area Approx. 12,800 sq ft, Freehold 2-storey bungalow with extensive grounds Zoned
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      79 15 Australian Property Finance Have you recently bought an Australian property and need a loan to complete the transaction? Already own and want to ensure you have the best loan? CONTACT SPECIALIST MORTGAGE HERE IN SINGAPORE FOR FREE IMPARTIAL ADVICE TO REVIEW ALL OF YOUR OPTIONS. Web www.smats.net Email smats@smats.net 10
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  • BANKING & FINANCE
    • Article
      Lock icon Warburg Pincus plans to raise US$12b global fund: sources
      593 16 This comes two years after the company raised US$11.2b for its Warburg Pincus Private Equity XI fund REUTERS New York PRIVATE equity firm Warburg Pincus LLC has told investors it will seek to raise a new US$12 billion global fund, just
      REUTERS  -  593 words
    • Article
      Lock icon 23 – the magic number that can make or break a China IPO
      730 16 23 the magic number that can make or break a China IPO BLOOMBERG Hong Kong IT’S the magic number in China, a figure that conjures up public companies and private fortunes. The number is 23 and it’s one of the most powerful forces in China’s US$6.4 trillion equity market today.
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      Lock icon Stanchart committed to Islamic banking despite exit of head of unit
      380 16 REUTERS Dubai STANDARD Chartered remains committed to Islamic banking and expects growth in its core markets, a spokesman for the lender said, after the head of its Islamic arm departed. Afaq Khan left Standard Chartered Saadiq, the lender’s global
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    • Article
      Lock icon UK finance jobs down for 2nd quarter in a row
      221 16 BLOOMBERG London UK financial-services employment fell for the second consecutive quarter as banks cut costs amid restrictions on capital and tougher regulation, according to a Confederation of British Industry (CBI) survey. Thirty-nine per cent of firms questioned said that they
      BLOOMBERG  -  221 words
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      1782 16 The Business Times NOTICES CSE Global Limited I i i (Company Registration No. *****3851D) (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Annual General Meeting of CSE Global Limited ("the Company") will be held at Suntec Singapore Convention Exhibition Centre, Room No. MR 303-304 (Level 3),
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      167 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF NCAP5 (SINGAPORE) PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****1076K NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the
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      145 16 In the Matter of The Companies Act (Chapter 50) And In the Matter of TRADERS EXPRESS TRADING PTE LTD (In Creditors’ Voluntary Liquidation) Reg. No. 201 *****5E NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of
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      5781 17 VALLIANZ HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****6945E) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of the Company will be held at 12 International Business Park, #03-02 Swiber@IBP Singapore *****0 on Wednesday 15th day of April 2015
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Big Oil again covets Iran’s reserves after decades of conflict
      899 18 But a deal on commercial terms could prove more difficult than is widely understood BLOOMBERG London OUTSIDE the boardroom of BP plc’s headquarters on London’s swanky St James’s Square, a display case houses the geological data from Mas-jid-i-Solaiman, Iran’s first
      BLOOMBERG  -  899 words
    • Article
      Lock icon Fortescue chief says China wants ‘fair game’ on iron supply
      395 18 BLOOMBERG Beijing CHINA, the biggest consumer of iron ore, wants a diversity of suppliers of the steelmaking ingredient, according to the founder and chairman of Fortescue Metals Group Ltd, the world’s fourth-biggest producer. “China needs a stable supply and a
      BLOOMBERG  -  395 words
    • Article, Illustration
      Lock icon Oil speculators focused on glut miss surge as bombs hit Yemen
      879 18 BLOOMBERG New York SPECULATORS were the least bullish on crude in two years before prices surged as Saudi Arabia and its allies bombed rebels in Yemen, threatening supply disruptions in the largest oil-producing region. Hedge funds and other money
      BLOOMBERG; PHOTO: REUTERS  -  879 words
    • Article
      Lock icon China firm makes cheaper fresh bid for Aussie miner PanAust
      425 18 REUTERS Sydney CHINA’S Guangdong Rising Assets Management launched a fresh US$850 million bid to buy copper and gold miner PanAust Ltd, but priced its offer at a quarter less than 10 months ago, underscoring the rout in mineral commodities. Analysts
      REUTERS  -  425 words
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  • TECHNOLOGY
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      Lock icon Technology sharing the latest weapon in industry
      941 19 Moving projects and data fast overrides the value of making everything in secret NYT New York FACEBOOK showed plans last week for drone aircraft that beam lasers of high-speed data to remote parts of the world. As powerful as that sounds, Facebook already
      NYT; PHOTO: BLOOMBERG  -  941 words
    • Article, Illustration
      Lock icon Hollywood’s new concern: digital security
      1219 19 NYT San Francisco FOR years, Lulu Zezza has played one of the toughest roles in Hollywood. Ms Zezza, who has managed physical production on movies like The Reader and Nine, also oversees the digital security of everything that goes into the making of a film,
      NYT; PHOTO: BLOOMBERG  -  1,219 words
    • Article
      Lock icon Cyber attack on US coding site came from China: WSJ
      291 19 REUTERS New York US coding site GitHub said on Sunday that it was deflecting most of the traffic from a days-long cyber attack that had caused intermittent outages for the social coding site, with The Wall Street Journal citing China
      REUTERS  -  291 words
    • Article
      Lock icon India’s carriers need to find ways to foot bill for spectrum
      435 19 BLOOMBERG New Delhi CALLERS used to paying less than one cent a minute in India may get a jolt from their monthly bills after the nation’s mobile-phone companies agreed to spend US$18 billion buying airwaves from the government. Seven
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  • CONSUMER
    • Article, Illustration
      Lock icon Ads in newspapers, magazines may be more effective: WPP chief
      805 20  -  Advertising and other media spending in the Asia-Pacific region estimated to rise to US$296b in 2015 By Neil Behrmann btworld@sph.com.sg London MARTIN Sorrell, chief executive of WPP, the giant ad agency and communications group, believes that advertisers need to reconsider
      PHOTO: REUTERS  -  805 words
    • Article, Illustration
      Lock icon Prada’s 2014 down for first time since HK listing
      433 20 REUTERS Hong Kong ITALIAN luxury goods company Prada SpA reported its first drop in annual net profit since it listed in Hong Kong four years ago, as growing retail sales in the Americas and Japan failed to offset declines in Greater
      REUTERS; PHOTO: AFP  -  433 words
    • Article
      Lock icon China may approve online sale of prescription drugs
      836 20 BLOOMBERG Hong Kong THE Chinese are prolific Internet shoppers, buying everything from diamond rings to toilet seats online. E-retailers like Alibaba Group may soon be able to gain a foothold in yet another area: prescription drugs. While China hasn’t specified when it
      BLOOMBERG  -  836 words
  • Page 20 Advertisements
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      40 20 Hospitality Investment Conference Indian Ocean Maldives Mauritius Seychelles Sri Lanka 25 26 May 2015 Colombo, Sri Lanka A New Era ‘j Contact Michelle at +65 6848 5374 or email her at michelle@sphereconferences.com for sponsorship opportunities Organiser: sphere SINGAPORE PI www.hicio.sphereconferences.com
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      12 20 APRIL ISSUE IS OUTNOW– OUR MANLIEST ISSUE EVER! Findouthowtobeareal-life actionhero–fromdaredevil FelixBaumgartnerhimself. MENSHEALTH.COM.SG
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      22 20 Find painters to do the job or promote your services in CLASS 112 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • TRANSPORT
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      458 21 The Business Times NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF URBAN EAST DEVELOPMENTS PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****1437R NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DULY CONVENED AND
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      464 21 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF VARIMERX S.E.ASIA PTE LTD (Company Registration No. *****0917N) (IN MEMBERS’ VOLUNTARY WINDING UP) At an Extraordinary General Meeting of VARIMERX S.E.ASIA PTE LTD duly convened and held at 200 Cantonment Road, #09-01 Southpoint, Singapore *****3 on
      464 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Indonesia steps up campaign to attract more tourists
      884 22  -  It is easing entry requirements, but its patchy infrastructure is still unable to support a surge in number of visitors By Jeffrey Hutton btworld@sph.com.sg Jakarta ON the island of Belitung, which sits between Sumatra and Borneo, 15 minutes is all it takes
      884 words
    • Article
      Lock icon Drop in Japan Feb production points to slowing local demand
      399 22 REUTERS Tokyo JAPAN’S industrial output fell in February at the fastest pace in eight months due to declines in production of machinery, cars and electronics in a worrying sign that domestic demand could be faltering. Economists were already braced for
      REUTERS  -  399 words
    • Article
      Lock icon Thai factory output, visitor arrivals up but road ahead is slow
      447 22 REUTERS Bangkok A 22-month streak of declining Thai factory output has ended, lifting hopes for an economic recovery, but a member of the country’s monetary policy committee warned that the traditional growth drivers are “not really working anymore”. On
      REUTERS  -  447 words
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      Lock icon German economy leading the charge amid QE
      775 22 BLOOMBERG London GERMAN companies and consumers are shrugging off most of what the world throws at them. Even under the clouds of the Greek debt crisis and tensions with Russia, unemployment is falling and confidence is rising in Europe’s largest economy. Manufacturing and
      BLOOMBERG; PHOTO: AFP  -  775 words
    • Article
      Lock icon Tokyo mulls over income tax hike on the wealthy
      341 22 REUTERS Tokyo JAPAN’S government is considering raising income taxes for the wealthy and increasing the inheritance tax if it looks unlikely to reach its goal of returning to a primary budget surplus in 2020, government sources said. Prime Minister Shinzo Abe’s
      REUTERS  -  341 words
    • Article, Illustration
      Lock icon Markets fear Greek default as talks continue
      804 23 Proposals from Athens include linking some future payments to GDP growth Edinburgh IN Athens, the unspeakable is at risk of becoming the inevitable. Market metrics show Greece is in danger of sinking under the burden of its debt, putting repayments of about 500
      PHOTO: AFP  -  804 words
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      Lock icon Australia’s Treasurer invites tax-system overhaul discussion
      452 23 Joe Hockey seeks to reduce govt’s reliance on income tax as population ages BLOOMBERG Sydney AUSTRALIAN Treasurer Joe Hockey invited discussion on the biggest shake-up to the nation’s tax system in more than 60 years, seeking to reduce the government’s reliance on income tax
      BLOOMBERG  -  452 words
    • Article
      Lock icon BI says it doesn’t have the luxury to go against market
      275 23 REUTERS Jakarta INDONESIA’S central bank doesn’t have the luxury to go against what is happening in the global financial market, its senior deputy governor said, suggesting that Bank Indonesia (BI) would keep its policy tight this month. BI kept
      REUTERS  -  275 words
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      2668 23 m BH GLOBAL (Company Registration No: *****4900H) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of BH GLOBAL CORPORATION LIMITED (the “Company") will be held at the Boardroom, 8 Penjuru Lane, Singapore *****9 on Wednesday, 15 April 2015 at 10.00 a.m. to transact the
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  • OPINION
    • Article
      Lock icon The United States should not oppose, but support and even join, the AIIB
      598 24 EDITORIAL THE United States risks being isolated following the decision of several of its allies to sign up to the Asian Infrastructure Investment Bank (AIIB). Britain, France, Germany and Italy reportedly ignored direct pleas from the Obama
      598 words
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      Lock icon Partners in posturing
      820 24  -  THE BOTTOM LINE By Robert J Samuelson THE WASHINGTON POST WRITERS GROUP WHEN it comes to the US federal budget, what consistently unites Democrats and Republicans is their common capacity to lie to themselves, lie to the public and postpone any serious discussion of the central issues
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      Lock icon Whose side is the US on in the Mid-East?
      1409 24  -  Emergence of a Shiite axis led by Iran is worrying its traditional allies Israel, Saudis and Egypt By Leon Hadar MISS the good old days when it was clear what the United States was doing in the Middle East? When the
      PHOTO: REUTERS  -  1,409 words
    • Article
      Lock icon China’s debt turned a corner (and no one noticed)
      886 25  -  COMMENTARY By David Mann T The writer is Head of Macro Research, Asia, at Standard Chartered Bank MUCH of the negativity about world growth prospects at the moment seems to stem from the absence of a credit boom in any major
      886 words
    • LETTERS TO THE EDITOR
      • Article
        Lock icon Bunching of AGMs in late April is unfair to investors
        553 25  -  Mano Sabnani IT LOOKS like another disappointing company AGM season ahead this April for small shareholders. Why disappointing? Because I do not see much improvement in the way meetings are being spaced out or the way small shareholders will be
        553 words
      • Article
        Lock icon Details on govt spending available on Budget website
        234 25  -  Lim Yuin Chien Director (Corporate Communications) Ministry of Finance WE THANK Mr Ee Teck Siew for his feedback (“Provide more details on Budget spending”, dated March 19). In fact, information on the government’s spending, with a breakdown by various categories, is available
        234 words
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      Lock icon LEE KUAN YEW, TRULY THE FATHER OF CHANGI AIRPORT
      993 25  -  It was he who asked that plans to expand Paya Lebar airport be dropped in favour of building an airport in Changi, and remained interested in the project even till late last year. BY LIEW MUN LEONG BY LIEW MUN LEONG
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    1009 26 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville Hyundai Bridge 301E 01 Apr 05 May 22 May 25 May 29 May 30 May 02 Jun 05 Jun 10 Jun 12 Jun 12
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      184 26 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES Shipping times Experienced shf p maintenance services wanted. Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 Announce Your Corporate Development' rj
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  • LIFE & CULTURE
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      Lock icon To Mexico, with love
      879 27  -  A week-long visit to Mexico City has exposed Singapore delegates to its rich cultural and business opportunities. BY HELM I YUSOF opportunities.BY HELMI YUSOF To watch a video of Julian Wong’s arrangement of Majulah Singapura in Mexico City, search for “Pasar Singapura A Suite in Five
      PHOTO: TAN CHIN KAR  -  879 words
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      Lock icon Bonsai sinks roots across borders
      358 27 WP Tokyo “HOW about trimming this branch?” and other English sentences flew around a Japanese garden this month as a large group of people, mainly foreigners, tried to shape Japanese white pines. The venue was the Shunkaen Bonsai Museum in Tokyo, where bonsai artist Kunio
      WP; PHOTO: AFP  -  358 words
    • Article, Illustration
      Lock icon Newbie Trevor Noah to succeed Jon Stewart on The Daily Show
      485 27 NYT New York IN December, Trevor Noah, a 31 -year-old comedian, made his debut as an on-air contributor on The Daily Show With Jon Stewart, offering his outsider’s perspective, as a biracial South African, on the United States. “I
      NYT; PHOTO: AFP  -  485 words
    • Article
      Lock icon Sotheby’s new CEO seeks to grow brand
      677 27 BLOOMBERG New York TAD Smith said he doesn’t know much about art, but that didn’t stop Sotheby’s from tapping him on March 16 as chief executive officer of the 271 -year-old auction house. As the top executive at Madison Square Garden Co (MSG),
      BLOOMBERG  -  677 words
  • Page 27 Advertisements
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      59 27 y www.omy.sg 1923 2015 mm an* si mm ualities i L, > SCAN WATCH NOW Ever o y w 4 ,1 paid a S? heavy price UHb for not having learned gg m Mandarin when young. theirown homes 'm I do not yet know of a man who became a
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  • Page 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 1
      339 27 CRYPTIC CROSSWORD Across 7 Stuff friend offered to competitor—very little given away (8) 9 Stuck in grass the Parisian staggered (6) 10 Brought up claret maybe after start of banquet (4) 11 Random records having very different levels of success (3-3-4) 12 Linger by a river in big shed (6)
      339 words
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  • SME
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      Lock icon Creating a tech culture
      1035 28  -  BH Global sees the need to embrace e-commerce and innovative technologies. BY VIVIEN SHIAO technologies.BY VIVIEN SHIAO vshiao@sph.com.sg @VivienShiaoBT MANY traditionally offline companies talk about moving towards a digital economy, but few have managed to do so successfully. Founded in 1963, mainboard-list-ed marine products firm BH
      PHOTO: ARTHUR LEE  -  1,035 words
    • Article
      Lock icon Winning the fight for talent
      943 28  -  People issues the biggest and most complex challenge facing Singapore SMEs COMMENTARY By Alexis Saussina The writer is chief commercial officer for Aon Hewitt in South-east Asia SMALL and medium-sized enterprises (SMEs) reportedly contribute to more than half of ingapore’s economic output and employ seven
      943 words
  • Page 28 Advertisements
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      86 28 Affordable Flexible Office Space Options to suit all budgets. r Thin- pod H '•> Fully serviced, ready-to-go offices full time, part time or just occasionally. Ready-to-work offices A prime business address Mail handling and call answering in your company name From 1 to 50 people On-demand access to professional business
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