The Business Times, 9 April 2015

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Microfilm: NL33462
Total Pages: 36
1 36 The Business Times
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  • Title Section
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    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 Thursday, April 9,2015
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  • DAILY DIGEST
    • Article
      Lock icon Premiums for COEs
      21 1 soared as buyers rushed to book a car ahead of changes to the carbon emissions-based scheme.TOP STORIES 3
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    • Article
      Lock icon BOJ governor
      22 1 Haruhiko Kuroda insisted that the policy direction is right and that the broad trend in prices is improving.TOP STORIES 4
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    • Article, Illustration
      Lock icon Royal Dutch Shell
      26 1 agreed to buy smaller rival BG Group for £47 billion in the first major energy merger in more than a decade.TOP STORIES 4
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    • Article
      Lock icon Almost two-thirds of Asia-Pacific
      21 1 executives in a survey expect an increase in companies looking to sell strategic assets. COMPANIES MARKETS 6
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    • Article
      Lock icon Depressed valuations
      25 1 among smaller counters in property, offshore and marine spaces offer bargain-hunters an opportunity to pick up contrarian value, RHB says. COMPANIES MARKETS 7
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    • Article
      Lock icon UEM Sunrise,
      19 1 the master developer of Nusajaya in iskandar Malaysia, has unveiled phase two of its plans. REAL ESTATE/12
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    • Article
      Lock icon Saudi Arabia has revved up crude
      23 1 production to its highest rate on record, feeding unexpectedly strong demand from foreign refiners. ENERGY COMMODITIES 16
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    • Article
      Lock icon The surge in Chinese tech
      21 1 stocks is making the heady days of the dotcom bubble look almost tame by comparison.TECHNOLOGY 18
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    • Article
      Lock icon Vivendi is looking
      28 1 at a possible acquisition of pay-TV group Sky, as one of several options to expand the reach of its own TV group Canal Plus.CONSUMER 20
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    • Article
      Lock icon Hundreds of flights
      23 1 to and from France were expected to be cancelled as air traffic controllers went on a two-day strike. TRANSPORT/ 25
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  • Article
    Lock icon Manulife ousts Aviva to clinch US$1.2b tie-up with DBS
    778 1  -  Canadian insurer will distribute its life and health insurance products through bank’s branches in S’pore, HK, China and Indonesia By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore CANADIAN life insurer Manulife Financial Asia has edged out incumbent UK-based Aviva by agreeing to pay
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  • Article, Illustration
    Lock icon Masagos made full minister; new roles for Chun Sing, Chuan-Jin
    824 1  -  Swee Say takes over Manpower portfolio; PM Lee says shuffle will yield strong ‘A’ team By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore PRIME Minister Lee Hsien Loong on Wednesday made a number of changes to some key positions in his Cabinet,
    FILE PHOTO  -  824 words
  • Article
    Lock icon MARKETS
    26 1 Wednesday Change STI 3,460.68 -4.94 KL COMP 1,850.31 -6.20 NIKKEI 225 19,789.81 +149.27 HANG SENG 26,236.86 +961.22 SHENZHEN B 1,178.87 -0.19 DOW(noon EDT) 17,916.79 (+41.37)
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      73 1 Hill 8 '*****1 *****4 Singtel DEAL Telco snaps up 98% stake in US cyber security firm TOP STORIES 2 ONE MAN, ONE MACHINE. G.P.M.H. GRAND PRIX DE MONACO HISTORI Q UE CHRONO CHOPARD BOUTIQUES #01-03 Takashimaya S.C., Tel. 6733 8111 B1-107 The Shoppes at Marina Bay Sands, Tel. 6688 7999
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      23 1 POP-UP STORES Filling the gap amid weaker leasing climate REAL ESTATE 11 GOVERNANCE SIAS unveils new ratings system for SMEs top stories 3
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      12 1 SPH AWARDS BT bags Infographics of the Year gong TOP STORIES 3
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  • TOP STORIES
    • Article, Illustration
      Lock icon Singtel snaps up stake in US cyber security firm
      664 2  -  It acquires 98% holding in Trustwave for US$810m; deal expected to close in 3-6 months By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore IN line with its ambitions to be a global player in the cyber security market, Singtel is acquiring a 98
      PHOTO: REUTERS  -  664 words
    • Article
      Lock icon Labour movement pays glowing tribute to Swee Say
      647 2  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE National Trades Union Congress (NTUC) on Wednesday paid a glowing tribute to its outgoing secretary-gen-eral Lim Swee Say, who earlier in the day tendered his resignation. He will vacate the post on May 4, the
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    • Article, Illustration
      Lock icon PM Lee's new Cabinet
      388 2 Prime Minister's Office (PMO) Lee Hsien Loong Prime Minister Chan Chun Sing Minister in the PMO Teo Chee Hean Deputy Prime Minister Coordinating Minister for National Security Minister for Home Affairs S iswaran Minister in the PMO Second Minister for Home Affairs Second Minister for Trade
      BT Graphics  -  388 words
    • Article
      Lock icon SIAS unveils new governance ratings system for SMEs
      692 3  -  The research will enable investors to make informed decisions on listed firms By R Sivanithy sivan@sph.com.sg @RSivanithyBT Singapore THE Securities Investors Association (SIAS) together with the Singapore Association of The Institute of Chartered Secretaries (SAICSA) and data analytics firm Handshakes on Wednesday
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    • Article, Illustration
      Lock icon BT bags two SPH Journalism Awards
      823 3  -  By Prisca Ang prisang@sph.com.sg Singapore THE Business Times has clinched two SPH journalism awards, which come hot on the heels of BT’s greater focus on data journalism and visual storytelling. The Infographics of the Year award went to a piece titled “Squaring the roots
      PHOTO: YEN MENG JIIN  -  823 words
    • Article
      Lock icon COE premiums soar across the board
      336 3  -  By Samuel Ee samuelee@sph.com.sg Singapore PREMIUMS for certificates of entitlement (COEs) soared across the board on Wednesday as buyers rushed to book a new car ahead of changes to the Carbon Emissions-Based Vehicle Scheme (CEVS) which kick in from July 1, 2015. Category A
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    • Article, Illustration
      Lock icon GrabTaxi to invest US$100m in Singapore R&D centre
      545 3  -  By Angela Tan angelat@sph.com.sg Singapore MOBILE phone transport app GrabTaxi, or MyTeksi as it is known in its native Malaysia, will invest US$100 million over a few years in its first research and development (R&D) centre in Singapore to sharpen its offerings.
      PHOTO: GRABTAXI  -  545 words
    • Article, Illustration
      Lock icon Information-rich smart screens coming to HDBs
      532 4  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore AS part of the Smart Nation initiative, the government is piloting a plan to set up smart screens in HDB blocks. These screens will provide relevant information to residents, such as traffic conditions in the neighbourhood, bus
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    • Article
      Lock icon Kuroda defends policy direction, says Japan price trend improving
      694 4  -  An exit from quantitative easing is said to be still “far off” for the BOJ chief despite growing pressure By Anthony Rowley btworld@sph.com.sg Tokyo IN the face of growing market doubts about the effectiveness of the Bank of Japan’s massive monetary
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    • Article
      Lock icon Shell takes on Exxon with £47b bid for BG
      396 4 REUTERS London ROYAL Dutch Shell agreed to buy smaller rival BG Group for £47 billion (S$95 billion) in the first major energy industry merger in more than a decade, closing the gap on market leader US ExxonMobil after a plunge in
      REUTERS  -  396 words
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      264 2 Graduate Certificate In Applied Portfolio Management (g-CAPM) Programme Dates: 18 May 24 May 2015 16 November 22 November 2015 The CAMRI Applied Portfolio Management Programme is a 7-day state-of-the-art training programme at NUS Business School, Singapore, developed by academic professionals for investment professionals, and conducted at the world’s most advanced
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      148 3 HOW TO ENSURE A HEALTHY HEART? Join us in our Health Awareness Talk by Dr. Michael Lim, internationally renowned Interventional Cardiologist and Medical Director of Heart, Stroke Cancer Centre. Dr. Michael Lim is the author of “medicine-made-simple” articles featured in the The Business Times Weekend every fortnight. Date: 25 th
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      225 4 MASTERCLASS SERIES: STEP UP YOUR SALES PERFORMANCE I Everyone, including YOU, can do well in sales with the RIGHT STRATEGY! Join us as our speaker, Jensen Siaw, a motivational speaker and performance breakthrough coach shares through a highly engaging and dynamic coaching session to augment your sales performance and achieve
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Asia-Pac execs expect more divestments over the year: EY
      522 6  -  In Asia, 47 per cent of companies expect to receive more unsolicited approaches by buyers By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore ALMOST two-thirds of Asia-Pacific executives in a survey expect an increase in companies looking to sell strategic assets over the
      Source:  -  522 words
    • Article
      Lock icon UOB to reinvest wage credit in employee devt programme
      571 6  -  By Elizabeth Mak eamak@sph.com.sg Singapore UNITED Overseas Bank (UOB) will use its S$3.8 million grant from the government’s Wage Credit Scheme (WCS) to fund a career development and wellness programme for 3,600 eligible employees. The decision was announced on Wednesday at
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    • Article
      Lock icon OUE sells five-year S$300m bonds at 3.8%
      281 6  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore OUE Ltd has sold five-year S$300 million bonds at 3.8 per cent amid strong demand. The Issue, OUE’s first since 2012, is also the year’s largest non-bank, non-perpetual deal, said Adeline Woo, Standard Chartered Bank director,
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    • Article
      Lock icon Go against property, offshore & marine flow: RHB
      550 7  - Go against property, offshore marine flow: RHB Depressed valuations in smaller counters of these sectors seen offering contrarian opportunity for bargain-hunters By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore DEPRESSED valuations among smaller counters In the property and offshore and marine spaces offer bargain-hunters an opportunity to pick up contrarian value, RHB
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    • Article
      Lock icon Why silencing short-sellers is futile
      762 7  -  REUTERS BREAKINGVIEWS By Peter Thal Larsen REUTERS Hong Kong ARNAUD Vagner is about to become a legal guinea pig. Noble Group, the Singapore-based commodity trader, blames the Hong Kong-based former credit analyst for conspiring to drive down its share price. A court is soon expected
      REUTERS  -  762 words
    • Article, Illustration
      Lock icon STI / Catalist
      65 8 STI Catalist Straits Times Index April 8, 2015 3,460.68 -4.94 (-0.14%) Current streak 1 day Day high 3,470.30 Day low 3,453.25 52-week high 3,465.62 (Apr 7, 2015) 52-week low 3,154.21 (Oct 16, 2014) FTSE ST Catalist Index April 8, 2015 723.99 +0.64 (+0.09%) Current streak 4 days Day high 725.68
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    • Article, Illustration
      Lock icon Penny stocks carry the load as blue chips falter
      629 8  -  ST Index lost 4.9 points despite Hang Seng Index’s surge; 17 of the 20 most active stocks were below S$0.50 STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT HONG KONG’s Hang Seng Index may have enjoyed a massive “catch-up’’ rally on Wednesday to
      Source: Bloomberg  -  629 words
    • Article
      Lock icon STI STOCKS
      319 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 263 unch 263/260 263 219 5.4 6649.6 CapitaLand 358 cd +3 359/353 371 290 13.1 2.5 *****.3 CapitaMall Trust 225 unch 227/223 227 188.5 4.8 7805.3 CityDev 1044 cd +13 1048/1029 1118
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    • Article
      Lock icon MOST ACTIVE
      35 8 VOLUME SIIC Environment 202,465,300 KLW Hldgs 111,357,800 Xpress 98,137,800 Magnus Energy 96,689,900 Vallianz 66,896,900 Market volume 2,225,771,000 VALUE Singtel 103,723,798 DBS Grp 52,149,323 UOB 51,234,089 Keppel Corp 45,686,238 CapitaLand 37,337,368 Market value 1,146,029,000
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    • Article
      Lock icon SGX ETFs Most Active
      108 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap Lyxor HSI US$ US324 +6 285 324/320 324/275 326/331 28.2 IS MS India US$ US799 +11 227 802/793 1000/636 800/805 99.9 UETF SSE50China 272 +2 165 274/269 274/140 271/272 85 IS Asia BND US US1069 -6
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Apr 8 VALUE CLOSE BT OB/OS 519.00 -16.00 BT CADI -*****.00 +50.00 BT 10-day MA -*****.00 +52.00 FTSE ST Mid Cap 792.27 +4.72 FTSE ST Small Cap 489.81 +1.05 FTSE ST All Share 830.09 -0.03 FTSE ST China Top 199.51 +2.71 FTSE ST China 237.84 +1.03 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 8 STI FTSE ST All-Share ftse ST All-Share index April 8, 2015 830.09 -0.03 (0%) Current streak 5 days Day high 831.11 Day low 828.51 52-week high 830.12 (Apr 7, 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 April 7,2015 1,895.36 +4.55 (+0.24%) Current streak 5 days Day high 1,899.43 Day low 1,881.51 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 5 6 4 0 0 0 5 6 4 Manufacturing 46 43 37 14 5 7 60 48 44 Commerce 21 18 23 4 5 4 25 23 27 Tpt/Stor/Comms 17 11 13
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      120 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 23,744 23,744 80,920 80,920 Manufacturing 267,333 184,315 451,648 96,700 5,832 102,532 Commerce 110,559 121,328 231,887 80,711 5,601 86,312 Tpt/Stor/Comms 166,906 671 167,577 240,212 56 240,269 Finance 20,224 96 20,320 158,606 24 158,631 Construction 43,488 30,701
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    • Article
      Lock icon GAINERS
      78 8 BY CENTS CLOSE UP 52w high/low DBXT Nifty US$ ***** 359.3 1.9 *****/***** DBXT China50 US$ 3827 168.1 3.3 3827/2699 Lyxor ChinaH US$ 1842 120.7 5.1 1842/1280 DBXT MSINDIA US$ 1125 74.6 5.1 1160/893 Lyxor Europe US$ 1520 57.0 2.8 1678/1338 BY PERCENTAGE CLOSE UP 52w high/low ChinaGaoxian W*****8
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    • Article
      Lock icon LOSERS
      73 8 BY CENTS CLOSE DOWN 52w high/low JMH USD 6199 -112.5 -1.3 6788/5700 JSH USD 3510 -84.1 -1.7 3810/3233 DBXT MSEurope US$ 5972 -38.0 -0.5 6492/5366 DBXT MSTaiwa US$ 2252 -38.0 -1.2 2322/2023 DBXT S&P500 US$ 3516 -23.1 -0.5 3626/3019 BY PERCENTAGE CLOSE DOWN 52w high/low Magnus Energy 0.3 -25.0
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    • Article
      Lock icon UNUSUAL ACTIVITY
      79 8 VOL CLOSE($) CHANGE Lasseters Intl 1,505.0 0.070 +0.010 +16.67 KLW 111,357.8 0.018 +0.003 +20.00 Albedo 41,622.9 0.011 +0.002 +22.22 Magnus Energy 96,689.9 0.003 -0.001 -25.00 Xpress 98,137.8 0.018 +0.003 +20.00 Hosen 150.0 0.060 -0.010 -14.29 Oriental 2,150.0 0.060 -0.016 -21.05 Pan Ocean 6.6 3.400 -0.200 -5.56 Joyas Intl
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    • BROKERS’ TAKE
      • Article
        Lock icon ComfortDelGro
        120 8 Buy April 8 close: S$2.94 Target price: S$3.48 Deutsche Bank Markets Research, April 7 ComfortDelGro believes that the opening of Downtown Line (DTL) phase 2 by Q1 2016 and phase 3 by mid-2017 will see its heavy rail business in Singapore double in terms of number of kilometers operated.
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      • Article
        Lock icon Triyards Holdings
        137 8 Buy Apr 8 close: S$0.47 Target price: S$0.77 RHB Research Institute Singapore, April 8 Triyards, a technologically competent builder, has delivered seven liftboats to date. It also delivered Ezra’s (“neutral”, target price S$0.85) Lewek Constellation an ice class, deep water multi-lay vessel with 3,000-tonne heavy lift capability, the
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      • Article
        Lock icon China water sector
        145 8  -  Compiled by Cai Haoxiang Buy Maybank Kim Eng Research, April 8 Industry consolidation remains the key impetus for investing in China’s water sector, in our view. We believe there will be abundant assets for sale in the next few years, from both governments and small private companies.
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    • Article
      Lock icon CALENDAR
      21 8 DATA I 3am (April 9) US Federal Open Market Committee Meeting Minutes I 9.30pm (April 9) US Initial Jobless Claims
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    • Article
      Lock icon US$ falls against yen after BOJ keeps rates unchanged
      462 9 CURRENCIES REUTERS London THE US dollar fell on Wednesday, retreating from a near three-week high hit against the yen the previous day, after the Bank of Japan (BOJ) kept monetary policy unchanged despite slowing inflation. The greenback was also waning ahead
      REUTERS  -  462 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Apr 8 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.959 4.775 0.708 5.968 47.968 99.913 0.923 8.398 2.798 1.015 78.477 34.232 1.044 9.095 0.741 23.924 25.046 0.517 0.770 Canada 1.043 4.981
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        Lock icon HANG SENG
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Apr 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0439 1.0444 0.7699 0.7700 Canadian dollar 1.0889 1.0893 0.8031 0.8031 Euro 1.4735 1.4743 1.0867 1.0870 NZ dollar 1.0279 1.0288 0.7581 0.7585 Sterling pound 2.0203 2.0216 1.4900 1.4905
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      • Article
        Lock icon US$/S$ FORWARD RATES
        21 9 Apr8 S$ Bid Offer 1-month 1.3567 1.3574 2-months 1.3576 1.3583 3-months 1.3584 1.3593 6-months 1.3609 1.3619 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        404 9 Apr 8 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.81 *****.81 *****.09 Apr15 *****.00 *****.00 *****.50 *****.50 *****6 *****2 May15 *****.00 *****.00 *****.00 *****.50 3127 4986 NIKKEI 225 INDEX FUTURES SPOT *****.70 *****.53 *****.63 Jun15 *****.00 *****.00 *****.00 *****.00 ***** *****5 Sep15
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        201 9 Apr 8 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****5 17.4 0.7 4872 0.1 2050 5 FTSEChinaA50 ***** MBePW*****0 8.1 -0.6 4620 0.0 3 Rowsley Ltd W*****3 3 -0.2 3537 1 18 18 UOB
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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 Apr 7 Index Change Change Change Change Change Change World Preliminary 1350.3 0.7 5.8 0.9 6.1 0.3 3.5 EAFE Preliminary 1108.8 1.4 12.4 0.9 9.5 0.2 6.8 Europe Preliminary 1566.4 1.6 13.4
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    • BANK RATES
      • Article
        Lock icon SIBOR
        36 9 Apr 8 1 mth 1 mth 0.***** 2 mths 3 mths 1.***** 6 mths 1.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 1.***** 3 mths 1.***** 6 mths 1.***** Source: Thomson Reuters
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      • Article
        Lock icon INTERBANK RATES
        154 9 Apr 8 $S Offer Bid 0vernight 0.10 0.05 1-month 0.875 0.75 2-months 0.9375 0.8125 3-months 1.0625 1.0 Overnight mode: 0.65 US$ 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 GOVERNMENT SECURITIES
        67 9 Apr 8 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.54 102.60 102.60 5-Year N*****0H 1.625 01-Oct-19 100.04 100.10 100.10 10-Year NY*****H 3.000 01-Sep-24 107.61 107.75 107.55 15-Year NY*****E 2.875 01-Jul-29 106.03 106.10 105.85 20-Year NZ*****V 3.375 01-Sep-33 111.73
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Apr-7 Price Net change change Last Trade Agricultural Apr-7 CBOT Soybeans (US cents/bu) 971.00 -7.50 -0.77% 14/05/2015 CBOT Soybean Oil (US cents/lb) 31.03 -0.23 -0.74% 14/05/2015 CBOT Wheat (US cents/bu) 526.00 -1.75 -0.33% 14/05/2014 Apr-7 LIFFE Cocoa (£/tonne) 1942.00 3.00 0.15% 13/05/2015 LIFFE Coffee (US$/tonne) 1806.00 28.00 1.57%
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    • Article
      Lock icon United Envirotech to be vehicle for all future Citic water projects
      608 10  -  UEL also announces acquisition of wastewater treatment firm in Hebei, China for 500m yuan By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore ALL future water treatment plant acquisitions and projects that Chinese state-owned Citic Group will undertake will be made through
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    • Article
      Lock icon China investors use full daily quota of HK stocks for first time
      200 10 REUTERS Shanghai CHINESE investors, for the first time, on Wednesday used the entire 10.5 billion yuan (S$2.29 billion) daily investment quota granted for buying Hong Kong stocks under the Hong Kong-Shanghai Stock Connect scheme. The buying boosted the
      REUTERS  -  200 words
    • IN BRIEF
      • Article
        Lock icon Guocoland doubles earnings
        70 10 GUOCOLAND’S earnings more than doubled in the third quarter ended March 31, as its cost of sales rose by a slower pace than its revenue. The firm recorded a net profit of S$49.5 million, up from S$21.5 million a year ago. This translated to earnings per share
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      • Article
        Lock icon Noble’s US$2.25b facility
        73 10 NOBLE Group on Wednesday launched a US$2.25 billion committed unsecured revolving loan facility. Banks appointed as bookrunners include ANZ, Citigroup Global Markets, Commonwealth Bank, DBS, Goldman Sachs, HSBC, UOB, Societe Generale and Standard Chartered (Hong Kong). Meanwhile, Orbis Investment Management said it has become a substantial shareholder
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    • Article
      Lock icon Ezra to cut jobs, boost focus on west Africa
      405 10  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore JOB cuts and other cost reductions are on the horizon for offshore services provider Ezra Holdings, which said on Wednesday that it is also in talks regarding various equity fundraising options in lieu of refinancing
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      250 6 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
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  • Page 7 Advertisements
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      518 7 GARDEN HOUSE KENSINGTON GARDENS SQUARE LONDON W24BB SL fi&. m m w. 'm r^T; I s* ,>' I «>** n H H a a As* II *1 u ift -«l IK u IK I* n II II Ml II h n n aa n ii El IE IB II El
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  • Page 10 Advertisements
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      1608 10 DM MAC beyond your expectations DYNA-MAC HOLDINGS LTD. Company Registration No. *****5693E (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of the Company will be held at Dunearn Ballroom 1, Level 1, Raffles Town Club, 1 Plymouth Avenue,
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      Lock icon Page 10 Advertisements Column 2
      41 10 BuildTech Yangon 2015 Myanmar's Leading Building Technology and Supply Event 27 -29 May 2015 Myanmar Convention Centre Yangon, Myanmar TRANSFOit. AIT3PT cs Li PRE-REGISTER NOW at wwWibtyangon.cprtOrganised by: sphere A SUBSIDIARYOF sfh To Exhibit, call +65 6319 4037 or email btyangon@sph.com.sg
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      4 10 SUBSCRIBENOW Subscribe at www.asia-pacificboating.com
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  • REAL ESTATE
    • Article
      Lock icon Pop-up retail to fill the gap amid weaker leasing
      780 11  -  Tenancies as short as 2 weeks for these temporary retail outlets let landlords manage transitional vacancy, even as pop-up retailers use such stores to road-test new brands By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore AMID weaker leasing demand, retail space landlords are
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    • Article, Illustration
      Lock icon Ridout Rd site gets nearly 10 bids, Gallop Rd GCB to fetch S$25.8m
      700 11 Singapore THE tender for a 73,277 sq ft freehold Good Class Bungalow (GCB) site at 35 Ridout Road closed on Wednesday and is said to have attracted close to 10 bids. Market watchers reckon the highest bid
      PHOTOS: DTZ, SINGAPORE CHRISTIE’S HOMES  -  700 words
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      Lock icon UEM Sunrise unveils phase two of Nusajaya development
      708 12  -  1,840-hectare Gerbang Nusajaya to be developed over 25 years; key catalytic projects remain on track UEM Sunrise COO Raymond Cheah stressed how Gerbang Nusajaya is shaping up as a commercial and business engine of Nusajaya. By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore UEM
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    • Article
      Lock icon Two-tier office rental market likely: Colliers
      835 13  -  Owners of older buildings may offer better incentives or lower rents to retain tenants drawn to new buildings By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore A TWO-tier office rental market may be ahead, said Colliers International in a report issued on Wednesday, as landlords of
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      Lock icon China lifts sales blockage on most Kaisa apartments
      330 13 REUTERS Hong Kong CHINESE authorities have lifted a sales blockage on most apartments built by Kaisa Group Holdings Ltd, removing a key hurdle to the proposed sale of the troubled developer to larger peer Sunac China Holdings Ltd. Shenzhen city blocked sales
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    • Article
      Lock icon India amends real estate bill to boost confidence, cut corruption
      285 13 REUTERS New Delhi INDIA’S cabinet has amended a bill to regulate the real estate sector, protect home buyers and curb undeclared “black money” in property markets that costs the exchequer billions of dollars in lost taxable income. The decision by
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      Lock icon Househunt
      1151 13 Property transactions for districts 2 to 27 with contract dates between Feb 25 and March 3,2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 2 NON-LANDED Altez Apt 25/02/2015 99 764 1742 2279 LANDED Blair Rd X-Ter 02/03/2015 FH 1492
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      163 11 ROBIN RESIDENCES ATTRACTIVE PRICES Studio from 980 k 2- from 1.24 m 3- from 2.21 m 134 homes set in the upscale District 10 residential enclave of BukitTimah About 250m to the upcoming Stevens MRT Station (Interchange) Within I km of Singapore Chinese Girls’ School and Anglo Chinese School (Barker)
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      513 12 OVERSEAS HOTELS FOR SALE LUXURY BOUTIQUE HOTEL IN PHUKET, THAILAND Located on exclusive Surin Hill Stunning views of Andaman Sea Picturesque 48 luxury suites Freehold title Sprawling site 16,665.2 sqm HOTEL NEAR CHINATOWN IN JAKARTA, INDONESIA 4-star rare iconic hotel Main road frontage of 70 metres Land area of 81,838
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      163 12 Immediate Occupation Pearl Island Sentosa Cove From$13million up 3 Storey Brand New Waterfront Bungalows Wine lounge Walk in Wine Cellar Pool/Private Lift Fully Equipped Private Berth Zen Garden 5 Bedrooms Fully En-suite Sole Agent:Newsman Realty Pte Ltd Call us for a Private Preview today! Limited Units! Estate Agent’s no: L*****29F
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      330 12 Huttons" realestategroup Huttons Asia Pte Ltd Licence no. L *****99K COLLECTIVE SALE SELEGIE CENTRE X To Central Expessway Emily Park St. Margaret’s Farrer Park Tekka Ctr 'Mt Food Ctr Market x> X. Buttle India MountX MRT SUBJECT SITE LaSalle International Design Sch Plaza Singapore I Dhoby Ghaut ctr MRT Cathay
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      76 12 FOR SALE BY TENDER Rare opportunity to own a 3 storey building and a basement with commercial school and student hostel facilities along Yio Chu Kang Road Property Details: Land Area 1008.1 sqm Tenure 999 yrs wef 1/1/1879 GFA 1,805 sqm For enquiries please contact the following: Renick Chua (R*****8B)
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon CIMB’s first collateralised sukuk will widen Islamic asset pool
      752 14 Malaysian lender seeking to raise RM1 billion from offering of five-year notes this quarter BLOOMBERG Kuala Lumpur CIMB Group Holdings Bhd plans to sell a sukuk backed by a pool of loans, becoming the world’s first Islamic bank to sell the
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      Lock icon BNY Mellon ‘bloated’ with excess staff, says hedge fund
      182 14 REUTERS Boston ACTIVIST hedge fund Marcato Capital Management on Tuesday said that BNY Mellon Corp’s employee base is “bloated” and disproportionately larger than its rivals. Marcato, which owns about 1.6 per cent of BNY Mellon’s stock, previously has called for the
      REUTERS  -  182 words
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      3417 14 [~@}>@*<$:?`'?~[=\*:*&,_'?!;!^@ LORENZO INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****8277C) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Tenth Annual General Meeting of the Company will be held at 27 Kaki Bukit Place, Eunos Techpark, Singapore *****5 on 29 April 2015 (Wednesday) at
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      1550 15 C&G ENVIRONMENTAL PROTECTION HOLDINGS LIMITED NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Diamond All, Lower Lobby, Sheraton Towers Singapore, 39 Scotts Road, Singapore *****0 on Monday, 27 April 2015 at 1.30 p.m. to transact the following
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      1736 15 HOLDINGS (S) LTD (Incorporated in the Republic of Singapore) Company Registration No. *****4349M NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-First Annual General Meeting of BBR HOLDINGS (S) LTD (the “Company”) will be held at 50 Changi South Street 1, BBR Building, Singapore *****6 on Friday,
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Rinehart looks beyond China to beat iron ore gloom
      531 16 BLOOMBERG Melbourne THE Asia-Pacific’s richest woman is gearing up to start shipments from her US$10 billion iron ore project in Australia. Even with prices at 10-year lows, she’s displaying no lack of confidence in the mine’s success. Her mine isn’t relying
      BLOOMBERG; PHOTO: BLOOMBERG  -  531 words
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      Lock icon Saudi Arabia lifts oil production to its highest level ever
      550 16 Record 10.3m bpd output in March suggests strong demand and aggressive pricing to keep market share REUTERS Riyadh SAUDI Arabia has revved up crude production to its highest rate on record, feeding unexpectedly strong demand from foreign refiners and increased
      REUTERS  -  550 words
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      Lock icon US steel firms seek new rules to fight cheap imports
      584 16 BLOOMBERG New York STRUGGLING US steelmakers are trying to change the rules in their fight against cheap foreign imports. Because decisions on foreign trade complaints brought before US regulators can’t be appealed, the domestic steel industry is waiting to file
      BLOOMBERG  -  584 words
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      58 16 TO GO SKYDIVING v V S'>\ Si r* H e o o EXPERIENCES SJ* LET KISS92 BRING YOU ONE STEP CLOSER TO YOUR DREAM! CREATE MY OWN ADVENTURE BOOK OPEN MY OWN BAKERY TO BE A PHOTOGRAPHER NORTHERN UGHTS \NNORWtf i- ;7 3 ANDRO D APR ON Download on the
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      1818 17 RICKMERS MARITIME (A business trust constituted under the laws of the Republic of Singapore) Managed by Rickmers Trust Management Pte. Ltd. NOTICE OF ANNUAL GENERAL MEETING OF THE UNITHOLDERS NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Unitholders of Rickmers Maritime (the “Trust”) will be held at
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Buying Apple Watch? Go online to skip the queues
      581 18 BLOOMBERG San Francisco WHEN it comes to buying the Apple Watch, it’s time to think different. Angela Ahrendts, Apple Inc’s sales chief, wants to scrap the company’s tradition of having customers wait in line, sometimes for days, to get their hands
      BLOOMBERG; PHOTO: REUTERS  -  581 words
    • Article
      Lock icon US dotcom bubble pales in comparison to today’s China tech valuations
      1030 18 The average Chinese tech stock has a PE ratio 41% above that of US peers in 2000 BLOOMBERG Taipei THE world-beating surge in Chinese technology stocks is making the heady days of the dotcom bubble look almost tame by
      BLOOMBERG  -  1,030 words
    • Article
      Lock icon Informatica to go private in US$5.3b leveraged buyout
      319 18 REUTERS London BUSINESS software maker Informatica Corp said it would be bought for about US$5.3 billion by private equity firms Permira Funds and Canada Pension Plan Investment Board (CPPIB), in the biggest US leveraged buyout so far this year. Informatica shareholders will
      REUTERS  -  319 words
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      2046 18 The Business Times Ik T I X 1 Toll free 1800-289-8822 I I I m 1 Email notices a'sph.com.sg W I I i ij www.sphdass.com.sg/notices he ELECTRIC GROUP ITE ELECTRIC CO LTD Registration No. *****1457Z (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN
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  • CONSUMER
    • Article
      Lock icon Starbucks to pay full college tuition for eligible US employees
      265 20 BLOOMBERG New York STARBUCKS will now pay full tuition for its workers to get a degree from Arizona State University online, instead of just partially footing the bill, giving it another way to entice employees in a tightening labour market.
      BLOOMBERG  -  265 words
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      Lock icon Vivendi may reach out to Sky to grow its TV group
      743 20 French group yet to decide on making a bid which may cost up to £28b REUTERS London FRENCH media conglomerate Vivendi is looking at a possible acquisition of pay-TV group Sky, as one of several options to expand the
      REUTERS; PHOTO: BLOOMBERG  -  743 words
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      3695 20 The Business Times Ik I 1 I /n I 1 p Toll free 1800-289-8822 fl I Email notices@sph.com, sg i i L J www.sphclass.com.sg/notices SMARTFLEX HOLDINGS LTD. (Company Registration No. *****3501 R) (Incorporated In the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual
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      2444 21 _TO!*****#4Xh TO 4UX 7X83"QT! 9W 6TOV#897X 9O C? #87TQ BYY<^ _!9P8#Og 7XVT647#4T9O O9[ BYY<Y=B;?f^ NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of TIONG SENG HOLDINGS LIMITED (the “Company”) will be held at Orchid Country Club, Emerald Suite, 1 Orchid Club Road, Singapore *****2
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      1463 22 <tit9 P A' SAMKO TIMBER LIMITED (Company Registration No. *****7815M) (Incorporated in Singapore with limited liability) NOTICE IS HEREBY GIVEN that the Annual General Meeting of Samko Timber Limited (the “Company”) will be held at Carlton Hotel Singapore, Connaught Room, Level 2, 76 Bras Basah Road, Singapore *****8 on Friday,
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      2265 22 HO BEE LAND LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****2381M) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 27th annual general meeting of Ho Bee Land Limited (the “Company”) will be held at NTU@one-north, Auditorium 302, 11 Slim Barracks Rise Level 3, Singapore
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      1967 23 (Company Registration No. *****2364R) (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of Libra Group Limited (the “Company”) will be held at Orchid Country Club, 1 Orchid Club Road, Singapore *****2 on Friday, 24 April 2015 at
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      1465 23 Heeton Holdings Limited (Incorporated in the Republic of Singapore) (Company Registration Number: *****1387M) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 60 Sembawang Road #01-02/03 Hong Heng Mansions, Singapore *****8, on Friday, 24 April 2015 at 10.00
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  • TRANSPORT
    • Article
      Lock icon Car sales explode in Vietnam as bikers race to upgrade
      508 24 While Indonesia and Thailand saw annual declines in car sales last year, Vietnam’s leapt 43 per cent REUTERS Hanoi HOANG Hai turned his back on a Vietnamese business that was headed for bankruptcy and became a driving instructor instead. Now
      REUTERS  -  508 words
    • Article
      Lock icon Merc develops pickup truck with Nissan
      281 24 REUTERS Frankfurt DAIMLER on Tuesday said it would expand its cooperation with partner Nissan Motor Co to develop a mid-sized pickup truck for Mercedes-Benz as the German automaker seeks to narrow its sales gap with BMW. The new Mercedes-Benz pickup targets commercial and private
      REUTERS  -  281 words
    • Article, Illustration
      Lock icon Two-day strike disrupts flights in France
      405 25 Hundreds of services cancelled after air traffic controllers’ union called the protest over working conditions AFP Paris HUNDREDS of flights to and from France were expected to be cancelled later on Wednesday as air traffic controllers launched a two-day strike over working conditions. The
      AFP; PHOTO: REUTERS  -  405 words
    • Article
      Lock icon Use KrisFlyer miles for vouchers on Scoot, Tiger
      182 25 MEMBERS of KrisFlyer, the fre-quent-flyer programme of Singapore Airlines (SIA), will now be able to redeem miles for vouchers for travel on SIA’s two budget subsidiaries, Scoot and Tigerair. Aside from airfares, the vouchers can be used to pay for selected items
      182 words
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      2236 24 The Business Times Ik I 1 I /"I I 1 Toll free 1800-289-8822 I I Email notices ffsph.com.sg J J j L J www.sphclass.com.sg/notices i HANWELL HOLDINGS HANWELL HOLDINGS LIMITED Company Registration No: *****0888M Incorporated in the Republic of Singapore NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that
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      1400 24 EUROPTRONIC GROUP LTD (Incorporated In the Republic of Singapore) (Co. Reg. No: *****9775K) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of EUROPTRONIC GROUP LTD (the “Company”) will be held at The Conference Room, 60 Kaki Bukit Place, #01-10 Eunos Techpark, Singapore *****9, on
      1,400 words
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      3440 25 The Business Times Ik ~T I 1 I /"I I 1 Toll free 1800-289-8822 I I Email notices@sph.com.sg I V i www.sphclass.com.sg/notices RH PETROGAS LIMITED (Company Registration Number *****1138Z) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Vietnam mends ties with major trading partner
      340 26 BLOOMBERG Beijing VIETNAM has sent an array of Communist Party leaders and cabinet ministers to China for a four-day trip aimed at mending fences with its biggest trading partner. Communist Party general secretary Nguyen Phu Trong leads the group that includes Vietnam’s ministers
      BLOOMBERG  -  340 words
    • Article
      Lock icon Mobius says 20% retreat for China stocks ‘very possible’
      517 26 He is cautious in short term but feels bull market is still intact BLOOMBERG Hong Kong MARK Mobius says that Chinese stocks have risen too fast after a world-beating rally sent the benchmark equity gauge to its highest level in seven
      BLOOMBERG  -  517 words
    • Article
      Lock icon Banks go on hiring spree in Middle East
      279 26 BLOOMBERG Dubai BANKS and financial firms are increasing hiring at the fastest pace among Middle East employers as the region’s economies improve and governments plan infrastructure projects, according to recruiters Monster Worldwide Inc. Demand for banking and finance professionals jumped in March,
      BLOOMBERG  -  279 words
    • Article
      Lock icon In Russia-West tug of war, Moldova sees EU as only option
      433 26 AFP Chisinau, Moldova MOLDOVA’S decision to sign key trade and political agreements with the European Union (EU) has cost it dearly, as its giant trading partner Russia swiftly punished it through an embargo strangling its farm and wine industries.
      AFP  -  433 words
    • Article
      Lock icon Modi out to woo investors on first Europe trip
      442 28 Indian prime minister begins his visit to France on Thursday and heads to Germany on Sunday AFP New Delhi PRIME Minister Narendra Modi will take his push to turn thriving India into a major manufacturing and investment hub to the eurozone’s
      AFP  -  442 words
    • Article
      Lock icon Record £100m gamble on British vote too tight to call
      956 29 Gamblers and bookmakers risking their cash on the May 7 outcome London IF Prime Minister David Cameron forms Britain’s next government after the tightest election in a generation, it will not just be the Conservative Party leader who will be
      956 words
    • Article
      Lock icon Global bond issuance heading for a record year
      883 30  -  US$777b of bonds issued in Q1 compared to US$2.49b for whole of last year The exception to the boom has been Russia, other Eastern European, Middle Eastern and African issuers because of geopolitical fears on the part of investors. By Neil Behrmann
      883 words
    • Article
      Lock icon RBI head brushes off talk of top IMF role
      254 30 REUTERS Mumbai THE head of India’s central bank, Raghuram Rajan, has brushed off talk that he could be a candidate for the top job at the International Monetary Fund (IMF) when Christine Lagarde’s term ends next year, according to a newspaper
      REUTERS  -  254 words
    • Article
      Lock icon German factory orders fall in sign economy still prone to risks
      368 30 BLOOMBERG Frankfurt GERMAN factory orders unexpectedly fell for a second month in February in a sign that Europe’s largest economy is still prone to risks. Orders, adjusted for seasonal swings and inflation, fell 0.9 per cent after a revised
      BLOOMBERG  -  368 words
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      Lock icon Fed faces tough decision on US$4t Treasury debt maturing next year
      490 31 BLOOMBERG New York IN case exiting years of zero interest rates won’t be hard enough, Federal Reserve officials have another challenge approaching quickly: when to begin unwinding trillions of dollars of bond purchases that constitute the world’s largest fixed-income
      BLOOMBERG  -  490 words
    • Article
      Lock icon ANZ Bank wins appeal on credit card unfair fees class action
      290 31 REUTERS Melbourne AUSTRALIA and New Zealand Banking Group on Wednesday won an appeal against a court ruling that some of its credit card fees were unfair, after thousands of disgruntled customers launched Australia’s biggest ever class action. The ruling
      REUTERS  -  290 words
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      368 26 STProperty EVENTS STPROPERTY SEMINAR Strategies to Capitalise on Opportunities and Avoid Pitfalls in the Property Market 2015 All prices are inclusive of GST m f" =59 I S i ATTEND OUR SEMINAR FOR A CHANCE TO WIN A SAMSUNG GALAXY NOTE 4! Seminar fee includes refreshments buffet lunch at Suntec
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      4204 27 DEBAO PROPERTY DEVELOPMENT LTD. DEBAO PROPERTY DEVELOPMENT LTD. (Incorporated in the Republic of Singapore) (Company Registration number: *****5053Z) NOTICE OF THE ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at M Hotel Singapore, 81 Anson Road, Singapore *****8, on Monday,
      4,204 words
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      1768 28 The Business Times Ik I 1 I /“I I 1 Toll free 1800-289-8822 I I Email notices@sph.com.sg J J i j L J www.sphclass.com.sg/notices Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings TIH LIMITED (Incorporated in the Republic of Singapore) (Unique
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      3618 29 The Business Times jk I 1 I /"I I 1 P Toll free 1800-289-8822 I I Email notices@sph.com.sg J B V j B j il www.sphclass.com.sg/notices NEW TOYO INTERNATIONAL HOLDINGS LTD Registration No.: *****1387D (Incorporated in the Republic of Singapore) NOTICE OF 19 th ANNUAL GENERAL MEETING NOTICE IS HEREBY
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      3487 31 The Business Times Ik I 1 I /"I I 1 Toll free 1800-289-8822 I I Email notices ffsph.com.sg J J j L J www.sphclass.com.sg/notices HOLDINGS (S) LTD (Company Registration No.: *****4349M) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General
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  • OPINION
    • Article
      Lock icon New urgency for governance reforms at IMF and World Bank
      569 32 EDITORIAL THE emergence of alternative multilateral financing institutions and mechanisms in Asia ought to be a wake-up call for politicians and policymakers in, particularly, the United States and Europe. The key message is that so long as the International Monetary
      569 words
    • Article
      Lock icon McDonald’s turns ‘progressive’: too little, too late?
      853 32  -  TTTHE BOTTOM LINE By Mark Bittman NYT YOU could almost feel sorry for McDonald’s. That’s an odd sentiment when you consider that the company’s revenues in 2014 were US$27.4 billion and its stock price makes it worth something like US$92 billion. It’s among
      NYT  -  853 words
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      Lock icon Critics see AIIB as a China bank
      1446 32  -  Man behind the aborted Asian Monetary Fund plan says governance shortcomings in the bank are seen as its weak point. BY ANTHONY ROWLEY says BY ANTHONY ROWLEY A LEADING Asian nation proposes a new regional financial institution but the idea meets with opposition
      PHOTO: REUTERS  -  1,446 words
    • Article
      Lock icon A divisive Republican nomination fight will benefit the Democrats
      937 33  -  COMMENTARY By Andrew Hammond T The writer is an associate at LSE IDEAS (the Centre for international Affairs, Diplomacy and Strategy) at the London School of Economics. He was formerly the US editor at Oxford Analytica RAND Paul, the libertarian Republican
      937 words
    • Article
      Lock icon Reports on forex reserves overlook US$ strength
      609 33  -  By Richard Jerram T The writer is chief economist at Bank of Singapore ECONOMICS has been labelled the “dismal science” and there is a view that it takes an overly pessimistic view on the world. Refreshing, therefore, to find an area where a
      609 words
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      Lock icon MAS can be bolder in making changes to equity crowdfunding rules
      1307 33  -  it should consider allowing retail investors to participate, but within prescribed limits. BY CLAUDIA TEO, CHARMAINE WEE, ALEXANDER BAEY T Ms Teo is partner and head of corporate financial services; Ms Wee is legal associate; and Mr Baey is
      PHOTO: REUTERS  -  1,307 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    988 34 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Detroit V009E 11 Apr 05 May 22 May 25 May 29 May 30 May 02 Jun 05 Jun 10 Jun 12 Jun 12
    988 words
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      178 34 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 Spotlight Award Wins Recognition Come
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon DBS has big dreams for its Marina Regatta
      502 35  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore IN the eyes of Sim S Lim, the Singapore country head at DBS Bank, the annual regatta that his company organises each year at Marina Bay has yet to realise its full potential. “My dream is
      PHOTO: DBS  -  502 words
    • Article, Illustration
      Lock icon WTA Finals tickets to go on public sale April 23
      474 35  -  Prices start at S$16.90 and go up to S$225.90 for the best seats at the final By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore MORE than half the 9,100 VIP hospitality tickets for this October’s BNP Paribas Women’s Tennis Association (WTA) Finals
      FILE PHOTO  -  474 words
    • Article
      Lock icon Tall Dutch due to natural selection, says study
      413 35 AFP Paris THE Netherlands is the land of giants: on average, its women stand at almost 1.71m (5.6 feet) tall, and its men 1.84m. But how the Dutch became the world’s tallest people has been somewhat of a mystery. After all, two
      AFP  -  413 words
    • Article
      Lock icon Police hunt gang behind London deposit box heist
      406 35 REUTERS London BRITISH police were hunting for a gang on Wednesday who raided safety deposit boxes in London’s major jewellery business district, making off with cash and gems in what local media said could be the country’s biggest-ever heist. London’s Metropolitan Police
      REUTERS  -  406 words
  • Page 35 Advertisements
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      35 35 VARUN DHAWAN COMES OF AGE Bollywood’syoung heart-throb onhowhislatestfilm Badlapur changed him forever HARSHA BHOGLE: IPL IS CRICKET’S DAVOS GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL SHAN (*****861) KALWANT (*****327) NISHAL (*****438)
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      Lock icon Page 35 Advertisements Column 2
      67 35 H O T PR O PERTY NEW LIST! SKYSUITES@ Anson. 1 bdrm 365 398sf 2 3 bdrms also avail. Panoramic view F/facilities MRT. ICON 1BDRM LOFT 786sqft #2x.F/furn.A1 cond. Immed 3 minsTg Pagar MRT/Mall/ CBD. MINS MRT. SPOTTISWOODE 18, 1bdrm High flr. Sea view Breezy. Brand new. $2.7K neg LOOKING
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  • Page 35 Miscellaneous
    • Miscellaneous
      Lock icon Page 35 Miscellaneous Column 1
      324 35 CRYPTIC CROSSWORD Across 1 Cloud cover is right in position (7) 5 Let everybody marry with love at heart (7) 9 It’s quite rough and ready, as a rule (5) 10 Openings for super rate of exchange (9) 11 One taking part in an emergency (10) 12 Stop article by
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