The Business Times, 11 April 2015

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Microfilm: NL33463
Total Pages: 40
1 32 The Business Times
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      70 1 LivingBTTHE BUSINESS TIMES WEEKEND APRIL 11 12, 2015 GREEN ROOMS Indoor gardens get their moment in the sun L2-4 PERSONAL SPACE A home to call their own L10-11 DINING All fired up at three new grill joints L6-7 SHOPPING Fashion Capitol L8-9 PHOTO: YEN MENG JIIN TRAVEL A serendipitous escape
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      67 2 / 3 .'T-. V-, r S' s > i 0 > w 'j m wr 7/ V SS V KRALL ENTERTAINMENT PRESENTS |OELABERO 1GHTOF MAGIC AT RAFFLES Featuring Burnt Out Punks LAST 3 WEEKS! ENJOY 2 TICKETS FOR THE PRICE OF 1 WITH PROMO CODE MAGIC. JUBILEE HALL SHOWING UNTIL 3 MAY
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  • BT Living
    • LIVING
      • Article, Illustration
        Lock icon GREEN ROOMS
        1002 2 / 3  -  Indoor gardens take pride of place at several organisations, with both corporates and institutions bringing the community garden concept a step further. BT Weekend takes a walk in the park. By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT JUST as the idea of community gardens and getting office staff to
        PHOTOS: YEN MENG JIIN  -  1,002 words
      • Article
        Lock icon Budding talent
        624 2 / 3  -  By May Yip FOR staff of the Metta Welfare Association, creating green spaces within its Simei building is not so much about aesthetics but a therapeutic activity to benefit both themselves and students of the Metta School. “Our students with mild intellectual disability, special needs or autism enjoy
        624 words
      • Article, Illustration
        Lock icon A soft touch
        557 4  -  By Arthur Sim THE money plant is about as familiar as most people will get when it comes to landscaping in the office. For Joe Chan, it also happened to be the only plant he could identify with any confidence until quite recently when he decided he
        PHOTOS: ARTHUR LEE  -  557 words
      • Article
        Lock icon wine&dine
        855 4 with BTWeekend AquaMarine Marina Mandarin Singapore, 6 Raffles Boulevard, Level 4Z6845-1111 Administrative Professionals Week Celebrate Administrative Professional’s Week at AquaMarine for a whole new guilt-free dining experience. AquaMarine’s halal-certified food stations now serve a variety of healthier selections as well, such as Chicken Shawarma tossed with Avocados and Fresh
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    • DINING
      • Article, Illustration
        Lock icon Ready to pick
        1117 5  -  Tippling Club’s Ryan Clift goes rustic with his new dining concept. By Jaime Ee IF your mental image of Ryan Clift is that of science geek working the dials of his fermentation contraption and creating mind-bending edible fantasies at his flagship restaurant Tippling Club, it’s time to
        PHOTOS: JOHN HENG  -  1,117 words
      • Article, Illustration
        Lock icon All fired up
        1696 6 / 7  -  The way our caveman ancestors cooked their meats is still popular with our urban dwellers today, as three new grill restaurants will attest. By Tay Suan Chiang taysc@sph.com.sg @T aySuanChiangBT COOKING techniques have evolved since mankind’s early days of cooking meat over an open fire, but there
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    • SHOPPING
      • Article, Illustration
        Lock icon FASHION CAPITOL
        1483 8 / 9  -  The new Capitol Piazza mall is setting the stage for a refreshing retail alternative to Orchard Road. By May Yip By May Yip THE dust has yet to settle and the acrid smell of paint still permeates the corridors as well as open-concept restaurants that have already begun
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    • HOME & GARDEN
      • Article, Illustration
        Lock icon A home to call their own
        1287 10 / 11  -  After 16 years living in rented houses all over the world, the Trotters have finally settled into their own home. personal space By Tay Suan Chiang taysc@sph.com.sg@TaySuanChiangBT LAST September marked a major milestone for Greg and Anna Trotter. “After 16 years living in rented
        PHOTO: ANNA TROTTER; PHOTOS: YEN MENG JIIN  -  1,287 words
    • TRAVEL
      • Article, Illustration
        Lock icon A SERENDIPITOUS ESCAPE
        1207 12 / 13  -  Sri Lanka’s southern coastline, stretching from the old fort of Galle to the wild beauty of Tangalle and Bentota, remains a much-loved destination. By Daven Wu By Daven Wu WHEN Lonely Planet anointed Sri Lanka as the world’s top travel destination in 2013, the news hardly caused
        PHOTOS: DAVEN WU  -  1,207 words
    • MOTORING
      • Article, Illustration
        Lock icon No barrier to Harrier
        655 14  -  The Toyota Harrier has sped up to become one of the most popular parallel imports. By Samuel Ee samuelee@sph.com.sg THE new Toyota Harrier SUV may have been introduced here by parallel importers only in the second quarter of 2014 but it was so popular that it
        PHOTOS: ARTHUR LEE  -  655 words
      • Article, Illustration
        Lock icon A FRESHER FACE
        614 15  -  The Toyota Camry gets a makeover for a slightly sportier look. By Samuel Ee samuelee@sph.com.sg THREE years after it was first introduced, the seventh-genera-tion Toyota Camry gets an extensive makeover to re-empha-sise its comfort and refinement while attempting to appeal to a younger set of buyers with
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    • SPORTS
      • Article, Illustration
        Lock icon Running for fun and a good cause
        849 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent EDMUND Lee is one corporate chief that firmly believes in the importance of health and wellness of his employees. At JPMorgan’s Singapore office, where he is its managing director and senior country officer, the bank’s
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  • TOP STORIES
    • Article
      Lock icon TPP deal urgent with US election year nearing: PM
      748 2  -  Talks could run into trouble if congressmen, senators aren’t sold on partnership’s merits By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE 12 countries involved in the Trans-Pacific Partnership (TPP) have a duty to convince their respective populations that this proposed free trade
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    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 GSTI 3,472.38 (+12.08) GSTI FUTURES 3,441.00 (+12.00) GSIMSCI 390.37 (+1.21) GSIMSCI FUTURES 386.00 (+1.50) Friday Change KL COMP 1,844.31 -5.08 NIKKEI 225 19,907.63 -30.09 HANG SENG 27,272.39 +328.00 SET 1,547.83 +2.72 JAKARTA 5,491.34 -9.56 MANILA 8,127.48 +74.79 KOSPI 2,087.76 +28.89 SHENZHEN B 1,273.16 +80.14 MUMBAI IND 28,879.38 -5.83 12
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.692 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.85 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.363 (US$/S$ per 1.468 2.001 EURO (US$/S$/€ 1.062 1.447 Foreign currency per US$ S$ YEN 120.50 88.40 RM 3.668 2.691 HK$ 7.750 5.686 BAHT 32.57 23.90 RUPIAH 12,933 9,488 RENMINBI 6.210 4.556 INDIAN RUPEE 62.37 45.76 A$ 1.302 0.955 NZ$ 1.326 0.973
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    • Article
      Lock icon MPs to offer ways to honour Lee Kuan Yew in Monday’s sitting
      486 2  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THREE members of parliament have offered suggestions on how the government can honour the country’s founding prime minister Lee Kuan Yew, who died last month at the age of 91. When the
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    • Article
      Lock icon Foreign PMETs not displacing local ones
      475 3  -  Despite bigger foreign workforce, jobless rate of S’porean PMETs still low: Tan Chuan-Jin By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore FOREIGN professionals, managers, executives and technicians (PMETs) are not displacing local PMETs in Singapore’s job market, clarified Manpower Minister Tan Chuan-Jin in a blogpost. This
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    • Article
      Lock icon Aviva will tide over loss of DBS business, say observers
      590 3  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore HEAVILY reliant on the bank distribution channel, Aviva Singapore’s future growth may seem bleak now that it is left without one, but observers cautioned against writing off the composite insurer too quickly, even as
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    • Article, Illustration
      Lock icon Asean next battleground for consumer firms
      892 4  -  It will be a US$2.3t market by 2020, but a fragmented landscape will pose challenges Reports by Debbie Yong debyong@sph.com.sg @Debbie Yong BT Singapore ASEAN countries will become one of the largest markets and a “must-win battleground” for con-sumer-goods companies in the next five
      Source: Accenture analysis based on data from Euromonitor International, 2013  -  892 words
    • Article
      Lock icon Local brands growing in cachet
      432 4 WHILE competition will come from all directions for a slice of the Asean consumer market, interest in local brands will remain strong in the region, Accenture’s latest study found out. In Singapore, for instance, the impact of this movement is already apparent even in prominent
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      Lock icon Analysts dismiss fears of Japanese stock market ‘bubble’
      746 6  -  The recent buzz in the Nikkei 225 was engineered by Abe and the BOJ, they say By Anthony Rowley btworld@sph.com.sg Tokyo AS the Nikkei 225 stock index broke briefly through the 20,000 barrier for the first time in 15 years on Friday
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    • Article, Illustration
      Lock icon Cold turkey
      844 6  -  The tightening of unsecured credit lines might call for a multi-agency approach to dealing with the social fallout SATURDAY SOAPBOX Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Senior Correspondent TWO years ago, the Monetary Authority of Singapore (MAS) decided to rein in excessive spending by debtors –a sensible move by
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    • Article
      Lock icon UniSIM route to degrees for Earn-and Learn students
      516 7  -  Credit exemption, advanced standing offered; online courses for public also By Fiona Lam fionalam@sph.com.sg Singapore INDIVIDUALS who complete the SkillsFuture Earn-and-Learn programme will be able to get credit exemption or advanced standing if they go on to study for a part-time degree
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      52 2 CONTENTS LIVING Living L2-4 Dining L5-7 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 Consumer 20 Transport 21 Govt Economy 22-25 Opinion 26-27 Wealth 28-30 Life Culture 31 Shopping L8-9 Home Garden L10-11 Travel L12-13 Motoring L14-15
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      2284 5 ss SBI OFFSHORE LIMITED (Company Registration No. *****7121D) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of SBI Offshore Limited (the "Company”) will be held at Raffles Marina, Bridge Room 1, 2 and 3, 10 Tuas West
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      1499 7 TYE SOON LIMITED Registration No. *****0114W (Incorporated in the Republic of Singapore) NOTICE OF 59THANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 59th Annual General Meeting (59thAGM) of Tye Soon Limited (Company) will be held at Jurong Country Club, 9 Science Centre Road, Singapore *****8 on Tuesday, 28 April
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon The closing of a chapter
      2053 8 / 9  -  On the eve of his return to the UK, British High Commissioner Antony Phillipson reflects on his time in Singapore. By Lee U-Wen Antony By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT IN his words, the last four years of being Britain’s top diplomat in Singapore have “absolutely
      PHOTO: YEN MENG JIIN  -  2,053 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Singtel sharpens digital strategy
      595 10  -  Group also unveils changes to beef up senior leadership team By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore SINGTEL unveiled changes on Friday to sharpen its digital strategy and to expand its senior leadership team. Following a recent review of Group Digital Life, a business division set up
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      Lock icon SMRT in JV to offer MRO services for rolling stock
      449 10  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore SMRT Corporation Ltd has, through its subsidiary Singapore Rail Engineering (SRE), entered into a joint venture agreement with Faiveley Transport, a global manufacturer and supplier of railway equipment, to market and supply maintenance, repair
      ST FILE PHOTO  -  449 words
    • Article
      Lock icon Sino Construction to propose another new name
      182 10  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SINO Construction is considering a new name, instead of a proposed one, after a string of planned mining acquisitions fell through. The loss-making building construction and civil engineering group had initially proposed to change its name to
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      Lock icon HK rally, penny focus and attack on Noble in the news
      736 11  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent THERE were three main features worth talking about in the past week Hong Kong’s massive outperformance which has led to more than the usual envious glances from local players, a sudden resurgence
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    • Article
      Lock icon GE selling US$26.5b of real estate as restructuring speeds up
      739 11 Bloomberg New York GENERAL Electric plans to exit the bulk of its lending business, including a US$26.5 billion sale of most of its real estate, as chief executive officer Jeffrey Immelt refocuses the company on its industrial roots. In the
      Bloomberg  -  739 words
    • Article
      Lock icon STI STOCKS
      319 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 266 -2 269/265 269 219 5.4 6725.4 CapitaLand 361 cd +1 361/358 371 290 13.2 2.5 *****.5 CapitaMall Trust 222 -3 226/221 228 188.5 4.9 7701.2 CityDev 1082 cd +10 1095/1071 1118
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      Lock icon SGX ETFs Most Active
      109 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS India US$ US804 -15 678 808/802 1000/636 805/808 100.5 UETF SSE50China 281 +5 297 282/275 282/140 278/282 87.8 DBXT MSCHINA US$ US1641 +4 121 1697/1630 1700/1145 1654/1660 STI ETF 347 +2 97 348/346 349/319
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      Lock icon SIBOR
      28 12 Apr 10 1 mth 0.***** 2 mths 3 mths 1.***** 6 mths 1.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 0.***** Source: Thomson Reuters
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      788 12 For week beginning Apr 6 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Jiutian Chemical 09-Apr-15 Anyang Longyu (HK) Dev *Buy 600 0.05 *****0 26.87 *****0 26.90 Serial System 09-Apr-15
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      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 7 3 0 0 0 5 7 3 Manufacturing 72 28 34 12 5 10 84 33 44 Commerce 31 9 22 6 4 5 37 13 27 Tpt/Stor/Comms 23 6 11
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      Lock icon SECURITIES TRADING TURNOVER
      123 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 28,783 28,783 69,377 69,377 Manufacturing 330,145 196,176 526,321 117,513 13,326 130,839 Commerce 175,906 153,282 329,188 131,728 9,012 140,739 Tpt/Stor/Comms 208,948 7,962 216,910 209,966 637 210,603 Finance 41,788 54 41,842 213,274 14 213,288 Construction 224,478 53,976
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      Lock icon OTHER SINGAPORE INDICES
      77 12 Apr 10 VALUE CLOSE BT OB/OS 596.00 +68.00 BT CADI -*****.00 +161.00 BT 10-day MA -*****.00 +59.00 FTSE ST Mid Cap 795.39 +1.04 FTSE ST Small Cap 498.08 +6.90 FTSE ST All Share 833.63 +3.13 FTSE ST China Top 202.61 +1.14 FTSE ST China 239.32 +0.38 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 12 VOL CLOSE($) CHANGE Advanced Systems 12,677.1 0.008 +0.004 +100.00 ChinaSing Inv^ 16.0 0.007 -0.003 -30.00 China Taisan 5,897.3 0.025 -0.008 -24.24 LifeBrandz 12,149.8 0.003 +0.001 +50.00 China Flexpack 246.6 0.028 +0.017 +154.55 Dapai Intl^ 760.0 0.010 +0.004 +66.67 Metech Intl 32,032.1 0.006 +0.001 +20.00 ChinaKundaTech^ 90.0 0.023 +0.007
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      Lock icon COMMODITY FUTURES
      193 13 Apr-9 Price Net change change Last Trade Agricultural Apr-9 CBOT Soybeans (US cents/bu) 953.50 -18.00 -1.85% 14/05/2015 CBOT Soybean Oil (US cents/lb) 30.84 -0.11 -0.36% 14/05/2015 CBOT Wheat (US cents/bu) 518.75 -7.50 -1.43% 14/05/2014 Apr-9 LIFFE Cocoa (£/tonne) 1947.00 3.00 0.15% 13/05/2015 LIFFE Coffee (US$/tonne) 1791.00 1.00 0.06%
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    • Article
      Lock icon PALM OIL
      57 13 Apr 10 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 15 2150.0 2120.0 2150.0 2150.0 4 156 May 15 2132.0 2138.0 2147.0 2100.0 2518 ***** Jun 15 2119.0 2128.0 2139.0 2092.0 ***** ***** Jul 15 2120.0 2121.0
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      Lock icon GOVERNMENT SECURITIES
      69 13 Apr 10 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.75 102.86 102.77 5-Year N*****0H 1.625 01-Oct-19 100.45 100.55 100.45 10-Year NY*****H 3.000 01-Sep-24 107.89 108.12 107.90 15-Year NY*****E 2.875 01-Jul-29 106 106.10 106.00 20-Year NZ*****V 3.375 01-Sep-33 111.48
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      Lock icon INTERBANK CURRENCY RATES
      155 13 Apr 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0463 1.0471 0.7677 0.7682 Canadian dollar 1.0801 1.0806 0.7928 0.7925 Euro 1.4471 1.4476 1.0618 1.0620 NZ dollar 1.0275 1.0281 0.7539 0.7542 Sterling pound 2.0005 2.0016 1.4678 1.4684
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    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      209 13 Apr 10 Most active Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left Top Global Ltd W*****9 0.1 unch ***** UOB MB eCW*****1 10.6 -0.8 5455 0.1 2380 3 Singapore ExchangeMBeCW*****3 14.8 2.7 5375 0.2 790 4 Rowsley Ltd W*****3
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 13 In local curr In S$ In US$ dy yr dy yr dy yr Apr 9 Index Change Change Change Change Change Change World Preliminary 1353.6 0.4 6.1 0.2 5.9 0.0 3.4 EAFE Preliminary 1118.7 0.9 13.4 0.2 9.5 0.1 6.8 Europe Preliminary 1578.2 1.1 14.2
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      Lock icon STOCK MARKETS
      2 13
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    • Article
      Lock icon ‘Underweight’ call on industrial Reits
      480 14  -  Maybank Kim Eng maintains rating, citing market of sub-normal demand but high supply By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore MAYBANK Kim Eng has issued a report maintaining an “underweight” rating on industrial real estate investment trusts (Reits), as Singapore heads into a market of sub-normal
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    • Article
      Lock icon Stamford Land takes A$265m loan to build Sydney project
      238 14  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore STAMFORD Land Corporation on Friday announced that HSH Hotels (Australia) Ltd, as trustee for a trust that it wholly owns, has signed a loan agreement with a major commercial bank for a secured term loan
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    • Article, Illustration
      Lock icon New look for SilkAir cabin crew from April 15
      219 14 Singapore SILKAIR has launched a new collection of uniforms for its cabin crew, created by local fashion designer Alexandria Chen, as the carrier seeks to keep its brand fresh. The new look, which comes in aqua-blue for junior crew and a
      219 words
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      219 14 FREE ADMISSION Meet CEOs and top Executives of listed companies in Malaysia to understand their business and unearth the Gems in Malaysia Stock Market Join us at Malaysia GEMS 2015, a one day open event aimed at helping investors study top selected Malaysia Public Listed Companies (PLC) in depth and
      219 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Le Nouvel Ardmore penthouse sold for S$51m
      789 15  -  This is said to be a record absolute price for a penthouse in Singapore; 13,875 sq ft unit includes 5,000 sq ft roof terrace By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore IN what is believed to be a record absolute price quantum for a
      FILE PHOTO  -  789 words
    • Article
      Lock icon Saudi king takes on rich developers with new land tax
      615 15 Bloomberg Dubai SAUDI Arabia’s new monarch isn’t afraid of riling the rich and powerful to get his subjects into homes they can afford. One of King Salman’s first policy decisions after taking power in January was to approve a tax
      Bloomberg  -  615 words
    • Article
      Lock icon House hunt
      1005 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN FEB 25 AND MARCH 3, 2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'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
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  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      96 15 Good Class Bungalow For Sale by Tender Chee Hoon Avenue Tender Closing Date: 20th May 2015 (Wed) 4.00pm Freehold Land Area: approx. 17,868 sf Built-up Area: approx. 3,300 sf Frontage of about 39m and average depth of about 42m Part 1 -storey part 2-storey detached house with 2 bedrooms and
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  • BANKING & FINANCE
    • Article
      Lock icon HK Exchange plans to boost current quotas
      463 17 Chief executive says bourse could increase limits for mainland China investors by more than 30% Bloomberg Reuters Hong Kong THE Hong Kong stock exchange expects to increase quotas for mainland China investors by more than 30 per cent, its chief executive said, a
      Bloomberg; Reuters  -  463 words
    • Article, Illustration
      Lock icon HSBC faces criminal investigation in French tax case
      517 17 NYT London THE British bank HSBC said on Thursday that it had been placed under formal criminal investigation by French magistrates examining whether its Swiss private bank assisted wealthy clients to avoid taxes. Investigating magistrates in France have been conducting an inquiry
      NYT; PHOTO: AFP  -  517 words
    • Article
      Lock icon Deutsche Bank close to US$1.5b deal in Libor case: sources
      477 17 Bloomberg New York DEUTSCHE Bank is close to resolving a multi-year probe by US and UK authorities into interest rate manipulation, with a UK subsidiary expected to plead guilty, according to two people. Germany’s biggest bank will probably finalise a
      Bloomberg  -  477 words
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Iron ore in fresh crisis as forward prices slide
      527 18 Its outlook is more bearish than oil and dire for miners struggling to just stay in business Reuters Singapore IRON ore is veering to a new crisis as prices for future delivery of the commodity slide 30 per cent in the
      Reuters  -  527 words
    • Article, Illustration
      Lock icon German objection to Danish wind power stymies EU grid plan
      690 18 Bloomberg Stockholm THE Danes generate excess wind power. The Germans, their neighbours, are seeking to ramp up their use of clean-energy sources. A perfect match, right? Not quite. In a growing spat that is undermining the European Union’s 150 billion
      Bloomberg; PHOTO: BLOOMBERG  -  690 words
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      66 18 HOT PROPERTY NEW LIFESTYLE BUNGALOW 5 Huge rooms with City view. 5400/ 8000 sf, park 4 cars. 1 K M R G P S WAT T E N Dream Home on elevated ground. Quiet. 4500/ 5810 sf. 6+1. Pk 4 cars. HILLTOP VIEW Berrima. Land 4.7/7.7ksf. 8rm+Pool. Sell Val Avant-garde.
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Samsung hopes to reclaim lead with Galaxy S6
      500 19 The S6 and S6 Edge models, which have received rave reviews, go on sale AFP Seoul SAMSUNG rolled out its new smartphone in South Korea and 20 other countries on Friday in a bid to restore its role as market leader. The
      AFP; PHOTO: AFP  -  500 words
    • Article, Illustration
      Lock icon Slow start for Apple Watch in China
      654 19 go as high as US$17,000. Bloomberg, Reuters San Francisco IN the country Apple Inc calls its most important overseas market, only 14 people lined up outside its store in Beijing on Friday to get their first peek at the company’s new smartwatch. The
      go as high as US$17,000. Bloomberg, Reuters; PHOTO: REUTERS  -  654 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Fast Retailing shares hit record high
      638 20 This comes after Japanese apparel maker lifts profit forecast by 20% Bloomberg Tokyo FAST Retailing Co shares rose to a record after Asia’s largest apparel maker increased its annual profit forecast 20 per cent on strong domestic and international sales of Uniqlo casual wear.
      Bloomberg; PHOTO: AFP  -  638 words
    • Article
      Lock icon Macau casino bonds slump on diversification push
      616 20 Bloomberg Hong Kong SLUMPING Macau gaming revenues are catching up with casino bonds, as the government seeks to diversify the entertainment on offer in the world’s largest gambling hub. The yield on Wynn Macau Ltd’s US$1.35 billion 2021 notes has soared 126 basis
      Bloomberg  -  616 words
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  • TRANSPORT
    • Article
      Lock icon NTU to test-bed smart cars, traffic systems
      476 21  -  If research and trial runs succeed, the Intelligent Transport System model can be used in S’pore and the world: NTU By Samuel Ee samuelee@sph.com.sg Singapore NANYANG Technological University (NTU) and NXP Semiconductors on Friday launched a four-year, S$22 million test bed for smart
      476 words
    • Article, Illustration
      Lock icon Emirates to fly 615-seater A380 to Copenhagen
      293 21 Bloomberg Dubai EMIRATES will start its high-est-capacity Airbus A380 service this year, fitting the world’s biggest passenger model with 615 seats for flights to Copenhagen. By reducing the number of classes to two from three, Emirates will beat its previous maximum of 517
      Bloomberg; AFP FILE PHOTO  -  293 words
    • Article
      Lock icon GM avoids recall of 2m trucks, SUVs over rusty brake lines
      691 21 Bloomberg Southfield, Michigan GENERAL Motors Co avoided a recall of about two million large pickups and sport utility vehicles over rusted brake lines after a four-year investigation by US regulators. The brake-line corrosion in the 1999 to 2003 model
      Bloomberg  -  691 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Shell’s BG deal will test China’s pledge on anti-trust transparency
      631 22 Beijing unlikely to raise objections after criticism over Glencore-Xstrata case: observers Reuters Hong Kong ROYAL Dutch Shell’s US$70 billion bid for BG Group will put to the test a pledge by China’s antitrust regime to be more transparent, after it
      Reuters  -  631 words
    • Article, Illustration
      Lock icon China March inflation is lower than official rate
      413 22  -  By Virginie Mangin btworld@sph.com.sg Beijing CHINA’S inflation remained below the official rate of 3 per cent in March leaving room for the government to implement more easing measures to support the slowdown of the economy. In March the consumer price index rose
      PHOTO: REUTERS  -  413 words
    • Article
      Lock icon Aussie debt proves too attractive in world of ugly yields
      376 22 Reuters Sydney AN Australian sale of sovereign bonds on Friday drew the most bids in 22 years, a boon for government borrowing costs but the bane of the central bank as a global hunger for yield keeps the local currency
      Reuters  -  376 words
    • Article
      Lock icon Euro’s reserve status fades as central banks cut holdings
      583 23 It forms just 22% of global reserves, down from 28% five years ago Bloomberg Tokyo QUANTITATIVE easing may be helping Europe achieve its economic targets, but it’s also undermining the long-term viability of the euro by tarnishing its allure as a
      Bloomberg  -  583 words
    • Article, Illustration
      Lock icon Google’s anti-trust foes see ally in new EU competition chief
      761 24 Danish politician Margrethe Vestager who took over the competition portfolio from Joaquin Almunia is expected to be more sympathetic Reuters Brussels AFTER waiting more than four years for Brussels to resolve his anti-trust complaint against Google while traffic to his
      Reuters; PHOTO: BLOOMBERG  -  761 words
    • Article, Illustration
      Lock icon US puts pressure on South Korea to let won rise
      610 25 It also criticises Germany’s widening trade surplus, says global growth too reliant on US Bloomberg Washington THE US Treasury has criticised South Korea’s currency intervention and Germany’s widening trade surplus in a report that called global growth unbalanced and too
      Bloomberg; PHOTO: BLOOMBERG  -  610 words
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      Lock icon Page 23 Advertisements Column 1
      1575 23 NOTICE OF ANNUAL GENERAL MEETING NIPPECRAFT LIMITED Registration No. *****2861N (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that an Annual General Meeting (AGM) of Nippecraft Limited (Company) will be held at 9 Fan Yoong Road, Singapore *****7, on Wednesday, 29 April 2015 at 10:00 am for the
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      Lock icon Page 24 Advertisements Column 1
      34 24 We cover breaking news in energy and commodities. i Read the latest stories in full at businesstimes.com.sg/breaking-news BusinessTimes.com.sg BTofeital Available on the H get it on V AppStore I (►Googleplay E _l thebusinesstimes btbreakingnews
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      Lock icon Page 25 Advertisements Column 1
      454 25 Enhance Interpersonal Relationships For A Fulfilling Work EnvironmentWho should attend:Middle to Senior Management, Team Leaders Supervisors and Marketing Sales Professionals. FULL-DAY WORKSHOPS 2015 APRIL SERIES Click With People Quickly, Even Those You Don't Fancy A P R 1 5 28T U E S D AY SPH News Centre 9 30
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  • OPINION
    • Article, Illustration
      Lock icon Shaping management education in S’pore
      1312 26 / 27  -  The future success of business school instruction here depends on how we embrace our identity and turn being Asian to our advantage. By Gerard George By Gerard George ~The writer is dean and professor of innovation entrepreneurship at the Lee Kong Chian School of Business,
      PHOTO: BLOOMBERG  -  1,312 words
    • Article
      Lock icon The pragmatic leader
      962 26 / 27  -  By Pratap Nambiar ~The writer is executive chairman of Thought Perfect Pte Ltd, a Singaporebased coaching and mentoring organisation that transforms leaders in the Asia- Pacific region IN A RECENT New York Times article, Thomas Friedman refers to Asian autocratic leaders who essentially said to their people:
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  • Page 26 / 27 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Lifting the veil on insurance pricing
        1363 28 / 29  -  While the CompareFirst portal is a boon, buyers should do their homework as pre-existing conditions may be an issue for some types of cover WEALTH INSIGHTS Genevieve Cua gen@sph.com.sg Personal Finance Editor gen@sph.com.sg @GenCuaBT A DECADE ago, getting comparative quotes on life insurance plans
        PHOTO: COMPAREFIRST  -  1,363 words
      • BROKERS’ TAKE
        • Article
          Lock icon Keppel DC Reit
          147 28 / 29 Buy DBS Group Research, April 10 Close: S$1.03 Target price: S$1.10 Keppel DC REIT reported a 1.3 per cent rise in distributable income on the back of a 3 per cent uplift net property income vs IPO forecast. This variance was due to non-recurring service income from
          147 words
        • Article
          Lock icon Soilbuild Business Space Reit
          110 28 / 29 Buy Phillip Securities Research, April 10 Close: S$0.83 Target price: S$0.995 It was reported by the media that the vacancy rate for business-park space was estimated to have fallen in Q1. This was due to demand from the infocomm, pharmaceutical and technology sectors. As a consequence
          110 words
        • Article
          Lock icon United Envirotech
          163 28 / 29  -  Compiled by Cai Haoxiang Buy Maybank Kim Eng Research, April 9 Close: S$1.645 Target price: S$1.93 United Envirotech has acquired water-treatment plants in Gaoyang county in China’s Hebei province from a local company. We are neutral on the deal. The acquisition is sizeable and should add 6 to
          163 words
      • Article, Illustration
        Lock icon China bears persist even as markets soar
        948 30 Analysts say short sellers may be headed for more losses in Shanghai and Hong Kong Bloomberg Shanghai BULL markets are always tough on short sellers. This one in China right now, though, is proving downright brutal. Bearish wagers on the Shanghai Stock Exchange
        Bloomberg; PHOTO: BLOOMBERG  -  948 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon The beat goes on at music festivals
      605 31 They have witnessed a boom in recent years; it is the only area of the industry that is seeing a lot of growth AFP Los Angeles THE music industry has faced more than a decade of financial woes but in one area business
      AFP; PHOTO: AFP  -  605 words
    • Article
      Lock icon Obese people in middle age are at lower risk of dementia later
      512 31 AFP Paris PEOPLE who are obese in middle age run a lower risk of developing dementia later, said a large and long-term study on Friday whose findings challenge the prevailing wisdom. On the other end of the scale,
      AFP  -  512 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      315 31 CRYPTIC CROSSWORD Across 1 Give a porter tips? Right! (11) 9 Country scheduled to follow the French embargo (7) 10 Red version of Taoism (6) 12 Penny, with help on holiday, is financially settled (4,3) 13 Bill left with Vichy water such a theatrical scene! (7) 14 Risks unbounded wrath
      315 words
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      Lock icon Page 32 Advertisements Column 1
      113 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENNIA A HARSH, UNYIELDING ENVIRONMENT; AND SINCE 1875 THE HOME OF AUDEMARS PIGUET, IN THE VILLAGE OF LE BRASSUS. THE EARLY WATCHMAKERS WERE SHAPED HERE, IN AWE OF THE FORCE OF NATURE YET DRIVEN TO MASTER
      113 words