The Business Times, 20 April 2015

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Total Pages: 26
1 26 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 Monday, April 20,2015
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  • DAILY DIGEST
    • Article
      Lock icon A cyber attack,
      34 1 new laws restricting profitability and loss of market share to non-traditional players are the top three scenarios most likely to occur as capital markets transform, according to a survey.TOP STORIES 3
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    • Article
      Lock icon US stocks lost ground
      24 1 as the spectre of a Greek euro exit and a Chinese bubble bursting sent fear through markets. TOP STORIES 3
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    • Article
      Lock icon Evergrancle Real Estate
      24 1 of China is offering a refund option at its residential projects, a move that may attract more homebuyers. REAL ESTATE /10
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    • Article, Illustration
      Lock icon Deutsche Bank will sell
      26 1 Postbank but keep a pared back own-brand retail business in the overhaul plan currently favoured by management, sources say. BANKING FINANCE 16
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    • Article
      Lock icon China cut the amount of cash
      34 1 banks must set aside as reserves by the most since the global financial crisis just days after a report showed the slowest growth in six years.GOVT ECONOMY 21
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    • Article
      Lock icon An unusually important corporate
      26 1 results season begins in Japan this week as companies report what some believe could be earnings well above consensus forecasts. GOVT ECONOMY/21
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    • Article
      Lock icon With less than three weeks
      33 1 to go before the May 7 elections in the UK, there remains no clear leader and businesses and foreign investors are encountering a “Catch 22” situation. GOVT ECONOMY/22
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    • Article
      Lock icon Volkswagen CEO
      36 1 Martin winterkorn has survived a challenge from powerful chairman Ferdinand Piech, but their row remains a distraction for the carmaker as it struggles to boost profits and revamp its ailing US business. TRANSPORT 23
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  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 3,525.19 +52.81 KL Comp 1,845.86 +1.55 Nikkei 225 19,652.88 -254.75 Hang Seng 27,653.12 +380.73 Shenzhen B 1,339.63 +66.47 Dow 17,826.30 -231.35
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  • Article, Illustration
    Lock icon S’pore still seen as major Asia Reit hub
    1479 1  -  India and China developing frameworks for Reits but while their sheer sizes impress, both face tax and high interest rate hurdles By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore INDIA and China are both developing frameworks for real estate investment trusts (Reits), but the
    BT Graphics; Photo: Bloomberg; BT Graphics; Source: RHB, Bloomberg  -  1,479 words
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      48 1 Hill 8 '*****1 *****4 TOPLINE CIMB’s new CEO Zafrul Abdul Aziz sets ambitious goals to be met by 2018 COMPANIES MARKETS 4 PATEK PHILIPPE GENEVE Begin your own tradition. •V EMPEROR WATCH AND JEWELLERY THE SHOPPING GALLERY AT THE HILTON, #01-07/08 Tel: 6737 5227 Annual Calendar Ref. 5396G
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      32 1 SKILLSFUTURE BT’s new series on how this will impact different professions and industries top stories 2 ASEAN ECONOMIC COMMUNITY Gearing up to tap a new common market VIEWS FROM THE TOP 12-13
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      15 1 ANYTHING GOES You never know what you’re going to get at Lollapalooza DINING OUT 25
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  • TOP STORIES
    • Article
      Lock icon Game-changing plan to create new specialities, jobs
      569 2  -  BT begins series on how SkillsFuture will impact different professions and industries SKILLSFUTURE By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore THE SkillsFuture drive has been lauded for giving every citizen the opportunity to maximise their potential regardless of their academic or professional background. But
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    • Article, Illustration
      Lock icon Singapore builds up local expertise for commodity trading sector
      1209 2  -  By Prisca Ang prisang@sph.com.sg Singapore EVERY two or three minutes, a ship arrives or leaves from Singapore carrying everything from cocoa to electronics, making Singapore the busiest port in the world by tonnage, according to a 2014 Global Trade Review (GTR)
      PHOTO: ARTHUR LEE  -  1,209 words
    • Article, Illustration
      Lock icon Lui opens new maritime heritage exhibit at 10th Singapore Maritime Week
      442 2  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE expansion of the Singapore Maritime Week (SMW) over the past decade is a reflection of the “growing role” that Singapore plays as an international hub port and maritime centre, said Transport Minister
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    • Article
      Lock icon Future shock for markets – cyber attacks, stricter laws
      442 3  - Future shock for markets cyber attacks, stricter laws PwC survey details potential disruptions for businesses By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore A CRIPPLING global cyber attack, new regulations restricting profitability of businesses and loss of market share to non-traditional players are the top three scenarios most likely to occur as
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    • Article, Illustration
      Lock icon Barring fears of Grexit and a bursting of China’s equity bubble, stocks could rebound
      930 3  -  WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg US STOCKS lost ground last week as the spectre of a Greek exit from the euro and a Chinese bubble bursting sent fear rippling through global markets. This week,
      PHOTO: REUTERS  -  930 words
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      60 2 FROM THE HEART OF EURASIA FLY TO KAZAKHSTAN AND BEYOND Beijing Almaty 5 a week Beijing Astana 2 a week Bangkok Almaty 7 a week Bangkok-Astana 2 a week j r Kuala Lumpur-Almaty 3 a week Ho Chi Minh Almaty 2 a week air astana Hong Kong Almaty 2 i-
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      9 2 DB Platinum Crod Branchen Stars R1C-A 13/04/2015 242,21 EUR
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      28 2 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
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      188 3 Innovation shifts into higher gear. The new C-Class.The best knows no alternative. The new C-Class is an exhilarating blend of agility and comfort. Toggle through the AGILITY SELECT switch and it brings into play five driving modes including a customisable option, that lets you effortlessly segue from eco to comfort
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon New CIMB CEO sets ambitious goals to be met by 2018
      1059 4  -  He says realities today render some historical IB cost structures irrelevant. BY ANITA GABRIEL TOPLINE BY ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT FROM as early as 2004 when savvy banker Zafrul Abdul Aziz helmed a smallish Malaysian state-owned financial services outfit
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    • Article, Illustration
      Lock icon Investors prospect for gems at ShareInvestor roadshow
      732 4  -  By Prisca Ang prisang@sph.com.sg Singapore INVESTORS need to evaluate a business’s key characteristics before jumping in to make a move, said Clive Tan, director of 8 Investment, a company that provides training for investors. He was sharing his insights on investments in dividend
      732 words
    • Article, Illustration
      Lock icon Boards here and Down Under: Spot the differences
      965 5  -  The 2 countries share more commonalities than differences, and synergies will provide significant strides in best corporate governance practices. BY PHILIP FORREST T The writer is a member of the Governing Council of the Singapore institute of Directors NEXT year marks 50
      PHOTO: REUTERS  -  965 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 6 STI Catalist Straits Times Index April 17,2015 3,525.19 +52.81 (+1.52%) Current streak 2 days Week high 3,539.95 Week low 3,484.39 52-week high 3,525.19 (April 17, 2015) 52-week low 3,167.73 (Oct 17, 2014) FTSE ST Catalist index April 17,2015 768.00 +22.53 (+3.02%) Current streak 1 day Week high 771.24 Week low
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    • Article, Illustration
      Lock icon When pennies seem to be real market leaders
      614 6  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE saying “be thankful for small mercies” applies perfectly to the local stock market’s current obsession with low-priced issues. After enduring a year of low volume, silent telephones and severely reduced commissions, remisiers are finally finding
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 6 STI FTSE ST All-Share FTSE ST All-Share Index April 17,2015 845.85 +12.22 (+1.47%) Current streak 2 days Week high 847.98 Week low 836.42 52-week high 845.85 (April 17, 2015) 52-week low 766.44 (OCt 17, 2014)
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    • Article
      Lock icon STI STOCKS
      320 6 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 263 -3 268/261 269 219 5.4 6649.6 CapitaLand 368 cd +7 371/360 371 293 13.5 2.4 *****.7 CapitaMall Trust 225 +3 228/218 228 188.5 4.8 7805.3 CityDev 1063 cd -19 1090/1053 1118
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    • Article
      Lock icon GAINERS
      77 6 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 401.1 1.4 *****/***** Lyxor AsiaIT US$ 4129 285.3 5.4 4129/3485 DBXT iBoxxSing SG$ ***** 274.0 2.1 *****/***** DBXT MSUSA US$ 5573 273.2 3.8 5573/4664 DBXT MSKorea US$ 6156 259.7 3.2 6735/5484 BY PERCENTAGE CLOSE UP 52w high/low Viking W*****5
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    • Article
      Lock icon LOSERS
      73 6 BY CENTS CLOSE DOWN 52w high/low DBXT Nifty US$ ***** -426.6 -2.2 *****/***** JSH USD 3475 -100.9 -2.1 3810/3233 Sarie Tech 204 -51.0 -20.0 325/188 JMH USD 6176 -49.8 -0.6 6788/5700 Jardine C&C 4248 -32.0 -0.7 4901/3850 BY PERCENTAGE CLOSE DOWN 52w high/low China Flexpack 1.4 -50.0 -1.4 2.9/0.9
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 6 VOL CLOSE($) CHANGE China Fishery 41,476.7 0.205 +0.024 +13.26 China Bearing 300.0 0.037 +0.012 +48.00 Oriental 7,090.0 0.060 -0.009 -13.04 Dynamic Colours 555.0 0.205 +0.007 +3.54 IP Softcom 30.0 0.022 +0.002 +10.00 StratechGroup^ 15,030.4 0.020 +0.002 +11.11 AP Oil 4,672.0 0.230 +0.010 +4.55 Asiatic 24,217.7 0.034 +0.002 +6.25
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 6 STI MSCI EAFE MSCI EAFE index April 17,2015 1,896.06 -5.22 (-0.27%) Current streak 1 day Week high 1,912.32 Week low 1,894.35 52-week high 1,993.20 (July 4, 2014) 52-week low 1,729.52 (Jan 9, 2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 12 3 1 0 0 0 12 3 1 Manufacturing 104 44 29 18 15 9 122 59 38 Commerce 36 25 14 9 7 1 45 32 15 Tpt/Stor/Comms 28 8 6
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 169,956 169,956 581,145 581,145 Manufacturing 2,677,392 789,670 3,467,062 770,716 51,128 821,844 Commerce 1,321,217 1,227,041 2,548,258 449,022 44,747 493,769 Tpt/Stor/Comms 1,260,776 51,788 1,312,564 1,310,250 4,217 1,314,467 Finance 326,111 1,969 328,080 1,320,055 540 1,320,595 Construction 991,840 441,966
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    • Article
      Lock icon Oil price soars, gold climbs while tin slumps
      780 6 COMMODITIES AFP London STAR commodity performer oil surged in value last week on hopes that easing US shale output could help curb the stubborn global supply glut, analysts said. “Oil prices rose sharply in the past week, supported by further evidence that
      AFP  -  780 words
    • Article
      Lock icon MOST ACTIVE
      34 6 VOLUME SinoConstruction 688,304,500 Digiland Intl 554,779,700 Charisma Energy 420,001,500 Albedo 417,301,000 Jaya 413,564,000 Market volume 16,619,548,000 VALUE Singtel 515,540,085 DBS Grp 379,465,630 UOB 378,940,421 Keppel Corp 326,447,425 SGX 318,011,937 Market value 7,368,498,000
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    • Article
      Lock icon SGX ETFs Most Active
      112 6 Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap UETF SSE50China 302 +21 1470 310/281 310/140 302/304 94.4 STI ETF 352 +5 854 355/347 355/319 351/352 IS MS India US$ US793 -11 591 814/792 1000/636 793/795 99.1 Nikko AM STI ETF 357 +5 324 361/352
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    • Article
      Lock icon COMPANY MEETINGS
      121 6 COMPANY MEETING PLACE DATE TIME Allied Tech Ltd A 11 Woodlands Close #10-11 Woodlands 11 20-Apr 9.00am HLH Group Ltd A D'Kranji Farm Resort 10 New Tiew Lane 2 20-Apr 10.00am Raffles United Hldgs A 5 Changi South Street 3 20-Apr 10.00am Riverstone Hldgs A Raffles Hotel S'pore
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Apr 17 VALUE CLOSE BT OB/OS 768.00 -52.00 BT CADI -*****.00 -21.00 BT 10-day MA -*****.00 +77.00 FTSE ST Mid Cap 805.12 -2.41 FTSE ST Small Cap 505.10 +0.32 FTSE ST All Share 845.85 -1.58 FTSE ST China Top 210.46 +1.28 FTSE ST China 244.22 +0.82 FTSE
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    • Article
      Lock icon Greenback suffers worst week in a month
      428 7 CURRENCIES BLOOMBERG New York THE dollar fell the most in a month as reports broadened evidence of a soft patch for the US economy and clouded the outlook for the Federal Reserve to raise interest rates. The US currency slid as traders reassessed
      BLOOMBERG  -  428 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 7 Apr 17 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.950 4.837 0.724 6.052 48.666 100.359 0.928 8.443 2.836 1.014 79.260 34.576 1.051 9.337 0.746 24.231 25.284 0.522 0.781 Canada 1.052 5.089
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      • Article, Illustration
        Lock icon HANG SENG
        3 7 WEEKLY
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      • Article, Illustration
        Lock icon NIKKEI
        2 7 WEEKLY
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        Lock icon SHANGHAI COMPOSITE
        3 7 WEEKLY
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      • Article, Illustration
        Lock icon DOW JONES
        3 7 WEEKLY
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 7 Apr 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0507 1.0515 0.7807 0.7810 Canadian dollar 1.1053 1.1063 0.8218 0.8213 Euro 1.4520 1.4529 1.0789 1.0792 NZ dollar 1.0360 1.0371 0.7698 0.7703 Sterling pound 2.0135 2.0147 1.4961 1.4965
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 7 Apr 17 S$ Bid Offer 1-month 1.3462 1.3470 2-months 1.3467 1.3476 3-months 1.3472 1.3481 6-months 1.3489 1.3500 Source: OCBC
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 7 Apr 17 $S Offer Bid 0vernight 0.05 0.03 1-month 0.75 0.625 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.05 US$ Offer Bid 7 days 0.17 0.07 1 month 0.23 0.13 2 months 0.28 0.18 3 months 0.40 0.20 6 months 0.60 0.40 9 months 0.70 0.50 12
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      • Article
        Lock icon SIBOR
        36 7 Apr 17 1 mth 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 0.***** 3 mths 0.***** 6 mths 0.***** Source: Thomson Reuters
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 7 Apr 17 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.83 102.86 102.83 5-Year N*****0H 1.625 01-Oct-19 100.64 100.70 100.55 10-Year NY*****H 3.000 01-Sep-24 107.28 107.60 107.10 15-Year NY*****E 2.875 01-Jul-29 105.35 105.60 105.35 20-Year NZ*****V 3.375 01-Sep-33 110.84
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        395 7 Apr 17 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.55 *****.90 *****.55 Apr15 *****.00 *****.50 *****.00 *****.00 *****9 *****0 May15 *****.00 *****.00 *****.50 *****.00 ***** ***** NIKKEI 225 INDEX FUTURES SPOT *****.40 *****.25 *****.37 Jun15 *****.00 *****.00 *****.00 *****.00 ***** *****1 Sep15
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        205 7 Apr 17 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Top Global Ltd W*****9 0.1 unch*****0 Rowsley Ltd W*****3 3.9 0.6 ***** 1 18 18 UOB MB eCW*****1 14.2 3.6 ***** 0.1 2380 3 NOL MB
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 7 In local curr In S$ In US$ dy yr dy yr dy yr Apr 17 Index Change Change Change Change Change Change World Preliminary 1347.1 -1.2 5.6 -1.6 5.1 -1.0 3.5 EAFE Preliminary 1105.8 -1.3 12.1 -1.4 8.5 -0.9 6.8 Europe Preliminary 1552.1 -1.6 12.3
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 7 Apr-17 Price Net change change Last Trade Agricultural Apr-17 CBOT Soybeans (US cents/bu) 968.75 2.75 0.28% 14/05/2015 CBOT Soybean Oil (US cents/lb) 31.52 -0.24 -0.76% 14/05/2015 CBOT Wheat (US cents/bu) 494.50 0.00 0.00% 14/05/2014 Apr-17 LIFFE Cocoa (£/tonne) 1938.00 -26.00 -1.32% 13/05/2015 LIFFE Coffee (US$/tonne) 1799.00 3.00 0.17%
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    • Article
      Lock icon Buying surges while sales remain low and buybacks fall
      1167 8  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia insider Limited BUYING rebounded while the selling among directors remained low based on filings with the Singapore Exchange in the third week of April. A total of 15 companies
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      2513 8 Payment Ex Rec Pay Ann (cts) date date date date 8Telecom Intl by 0.130 07-May 11-May 25-May 13-Apr 8Telecom Intl bn 0.130 07-May 11-May 25-May 13-Apr ABR Hldgs ak 1.500 06-May 08-May 28-May 10-Apr Adv Integrated Mufg ak 0.230 06-May 08-May 20-May 27-Feb AIMS Property Sec Fd (1
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    • Article
      Lock icon PRIME LENDING RATES
      271 8 Apr 17 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications 5.50 Bank of East Asia 6.00 Bank of China Limited ...5.50 Bank of Tokyo-Mitsubishi ...5.50 Banque Internationale a ...5.75 Bank of Singapore BNP Paribas
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1521 8 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price ACCORDIA GOLF TRUS 1.00 1.00 1 0.04 0.04 1.07 0.79 AIMS AMP CAP INDUS 1.00 1.00 1 0.09 0.09 1.77 1.52 AMTEK ENGINEERING 1.00 1.00 1 0.10
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      157 4 HOW TO ENSURE A HEALTHY HEART? ft -1 a z rtd M e -jtr i^Sk I d Av K J 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
      157 words
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      84 5 Connecting Singapore and Australia for 80 Years Singapore Perth From S$380* return Economy Singapore Sydney, Brisbane or Melbourne From S$680* return Economy Sale ends 30 April 2015, unless sold out prior. Selected travel days and dates apply. Book now at qantas.com S. N >' —i jb NEXT 6150km Ufv '1
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  • Page 9 Advertisements
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      1218 9 A SPECIAL FEATURE PRESENTED BY Getting to grips with forex markets Currency trading is a relative game where you play one currency against another; however, it’s a game that takes time to truly comprehend LEARNING how forex markets work can be an extremely interesting, albeit dynamic, journey, and one that
      1,218 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon IKEA to invest up to 3b euros in shopping centres
      651 10 It’s especially keen on China and Russia where retail sector is growing out of nothing REUTERS Copenhagen IKEA, the world’s biggest furniture retailer, plans to spend up to three billion euros (S$4.3 billion) on new shopping centres over the next
      REUTERS; PHOTO: REUTERS  -  651 words
    • Article
      Lock icon Evergrande of China offers refund option to home buyers
      349 10 BLOOMBERG Hong Kong Evergrande Real Estate Group, among China’s most indebted listed developers, is offering a refund option at its residential projects nationwide, a move that could help it attract more homebuyers. Buyers can get their money back without giving a
      BLOOMBERG  -  349 words
    • Article
      Lock icon Fee-driven scheme behind American Realty deals
      613 11 Investors’ class action accuses managers of manipulating data to inflate stock for takeovers, which generate fees, and that didn’t deliver promised benefits to Reit or shareholders BLOOMBERG New York BEHIND the accounting errors that knocked US$4 billion off American Realty Capital Properties Inc’s market
      BLOOMBERG  -  613 words
    • Article
      Lock icon No big changes in Fannie Mae and Freddie Mac fee structure
      832 11 BLOOMBERG Washington THE US regulator for Fannie Mae and Freddie Mac has released adjustments for fees the companies charge to guarantee mortgages that will keep costs largely the same for most borrowers. Borrowers with weaker credit will pay slightly
      BLOOMBERG  -  832 words
  • Page 10 Advertisements
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      249 10 HD IP CCTV FOR YOUR HOME DUSINESS improve productivity enhance safety total security all made possible with CRYSTAL CLEAR HIGH DEFINITION SURVEILLANCE TECHNOLOGY by ULTIMOHD jr*' ru W- N In l«b ■nnotec I ►►►ws/on beyond boundaries INTERNET VIEWING HD CCTV WITH ENCRYPTION PROTECTION Security policy to ensure zero password leakage.
      249 words
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      124 11 There will be more than nine billion people to feed by 2050. Over the next 35 years, itÕs estimated that the worldÕs population will swell by two billion. To keep up, global food production needs to increase by 70%. CME Group is helping farmers, ranchers, processors and producers meet this
      124 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Tapping a new common market
      5072 12 THIS WEEK’S TOPIC How is your business gearing up to tap opportunities from the Asean Economic Community (AEC) Geraint Hughes Singapore Managing Partner Clifford Chance Looking at the opportunities globally, the option to invest in a region with a population of 640 million and a
      PHOTO: BLOOMBERG  -  5,072 words
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      194 13 ESSEC EXECUTIVE MBA ASIA-PACIFIC SHAPE YOUR CAREER, EMPOWER YOUR FUTURE V n J a Founded in 1907 in Paris, France, ESSEC Business School has been developing a unique learning model based on its core values of innovation, openness, responsibility, and excellence. Leveraging on over 20 years of experience in managing
      194 words
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon ALL THAT GLITTERS
      1944 14  -  Gold is seen as a safe-haven asset in times of economic and political uncertainty, but there are many factors that drive its price. BY CHAN YI WEN BY CHAN YI WEN yiwenc@sph.com.sg @ChanYiWenBT ACROSS centuries, from the mythical King Midas’s golden touch to the California gold rush,
      BT Graphics: Chan Yi Wen, Ludwig Ilio World Gold Council, Boston Consulting Group  -  1,944 words
    • Article, Illustration
      Lock icon A golden opportunity?
      622 14  -  There are more ways than one to gain exposure to gold. BY CHAN YI WEN ways BY CHAN YI WEN yiwenc@sph.com.sg @ChanYiWenBT GOLD has been, at some point or other, a darling of the investment world. If you grew up in the 1980s, you may recall Scrooge
      FILE PHOTO  -  622 words
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      105 14 GET STARTED NOW Be a young investor Do you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      105 words
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      2261 15 Financial Results Year Ended 31 December 2014 SUMMARISED FINANCIAL INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2014 The following Financial Statements contain only a summary of the information in the full financial statements and directors’ reports of DBS Group Holdings Ltd and its subsidiaries (the Group) and DBS Bank Ltd
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  • BANKING & FINANCE
    • Article
      Lock icon Deutsche will sell Postbank but won’t exit retail business, say sources
      633 16 Revamp will involve deep cuts, including closing up to a third of the group’s remaining German branches REUTERS Frankfurt DEUTSCHE Bank will sell Postbank but keep a pared back own-brand retail business in the overhaul plan currently favoured by
      REUTERS  -  633 words
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      Lock icon Foreign investors ready for direct access to Saudi bourse
      938 16 REUTERS London AS Saudi Arabia’s US$500 billion-plus bourse prepares to open its doors to foreigners in June, outside investors appear ready to accept the political and financial risks as they finally get access to a market that rivals Brazil and Russia’s.
      REUTERS; PHOTO: BLOOMBERG  -  938 words
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      Lock icon Investor sentiment about Brazil turning more positive
      533 16 REUTERS New York SOME investors are carefully betting that the recent selloff in Brazilian financial markets was overdone, pointing to signs that inflation is slowing and the government is getting its finances in order. Many expect inflation will come down from its current
      REUTERS  -  533 words
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      Lock icon Private equity-owned SunGard Data explores US$10b sale or IPO
      332 16 REUTERS New York FINANCIAL technology company SunGard Data Systems is preparing to appoint financial advisers to explore a sale that could value it at as much as US$10 billion, including debt, people familiar with the matter said. SunGard has asked investment
      REUTERS  -  332 words
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      974 16 The Business Times NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 PALMETTO HOLDINGS CORPORATION PTE. LTD. (THE “COMPANY”) COMPANY REG. NO. *****3191H (IN MEMBERS’ VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the Company duly convened and held via teleconference on
      974 words
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  • ENERGY & COMMODITIES
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      100 17 A i6*pjjlf. fHnmaTAlibaba (HMLim in*ife«MrFfc#a» am&M, 1*1fcj»H#SiRH»W*&, 'Ji*)ll iMIgilo A aflTfnH rTcnccnt (RW) Ml0,000fclft a ff] «T pfi rn IS) 3/ W Ht ®r« WJ Hi T'£ X I'l-J IK A o A ll'H'-ljll, affl^a«t7Facebook (I]£I5) k\ 1 Ml IsJU 9Ofcl|£l;£j Whatsapp; \0\L%)t IW'feMlnstagram. affM GJU11RU 1*1 A WISH 1
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  • TECHNOLOGY
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      Lock icon Germany’s ‘smart factories’ have some way to go
      848 18 Currently only four out of 10 companies in key industrial sectors make use of digitisation, heralded as the fourth industrial revolution AFP Hanover COLLABORATIVE robots and intelligent machinery may have wowed the crowds at this year’s Hannover Messe, but experts see German
      AFP; PHOTOS: AFP, BLOOMBERG  -  848 words
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      Lock icon The lady confronting Google is known for her tough resolve
      1272 18 NYT Brussels MARGRETHE Vestager, the European Union’s commissioner for competition, who last week took on the colossus that is Google, has a reputation for toughness. She is also an accomplished knitter. Last year, as Ms Vestager was leaving her job
      NYT; PHOTO: BLOOMBERG  -  1,272 words
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      Lock icon Check Point CEO kept on his toes amid cyber stock surge
      805 19 Gil Shwed is ramping up efforts to defend against younger competitors and market to new clients BLOOMBERG New York HIGH-profile cyberattacks have driven shares of Check Point Software Technologies Ltd to the highest since 2001. But the world’s top
      BLOOMBERG; FILE PHOTO  -  805 words
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      Lock icon Russian hackers’ attempt to get sanctions data fails: FireEye
      433 19 BLOOMBERG Washington HACKERS linked to the Russian government used previously unknown flaws in Microsoft Corp’s Windows and Adobe Systems Inc’s Flash to try to infiltrate discussions on sanctions policy, a person familiar with the attack said. The spying scheme was detected
      BLOOMBERG  -  433 words
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      Lock icon China’s Hanergy soars but doubts remain over its thin-film solar technology
      895 19 REUTERS Hong Kong THE green energy potential of thin-film solar panels has propelled Li Hejun to the top of China’s rich-list, but his Hanergy Holdings has yet to prove it can turn impressive laboratory research into commercially successful products.
      REUTERS; PHOTO: REUTERS  -  895 words
    • Article
      Lock icon Comcast, Time Warner Cable to meet US Justice Dept officials over merger: WSJ
      383 19 REUTERS New York REPRESENTATIVES of Comcast Corp and Time Warner Cable Inc are preparing to meet US Department of Justice officials to discuss competition concerns raised by the planned US$45 billion merger of the two cable giants,
      REUTERS  -  383 words
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      60 18 Hospitality Investment Conference Indian Ocean Maldives Mauritius. Seychelles Sri Lanka 25-26 May 2015 Galle Face Hotel, Colombo A New Era Group bookings available too! Enjoy up to 20% discount* if you sign up in groups of 3 or 6. *Terms and conditions apply To register, visit www.hicio.sphereconferences.com or contact Habibah
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      180 18 How hope, greed and fear affect your trades Influence of the economic performance on the stock market Method to analyse the stock price and traded volume Learn the Fibonacci Golden Ratios Interpretation of the Elliott Wave Theory Interpretation of the Time Trend cycles Understand the implications of the bull and
      180 words
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  • CONSUMER
    • Article
      Lock icon Abuse of ADHD pills moves to include US offices
      1633 20 workers said they misused stimulants such as Adderall, Vyvanse and Concerta to improve work performance NYT New York FADING fast at 11 pm, Elizabeth texted her dealer and waited just 30 minutes for him to reach her third-floor New York apartment.
      NYT  -  1,633 words
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      Lock icon Plumping up shrivelled market for France’s famed prunes
      662 20 AFP Paris FRANCE’S famous Agen prunes have seen their market share shrivel in recent years under pressure from Chilean growers, but local farmers have ploughed money into modern methods in a bid to save their plums. The rolling valleys in the Lot-et-Ga-ronne
      AFP; PHOTO: AFP  -  662 words
    • Article
      Lock icon Cornell’s chocolate milk fills refuelling gap
      1144 20 Locally produced drink has become recovery beverage for university athletes NYT Ithaca, New York THROUGHOUT the school year, Cornell’s strength and conditioning centre is filled with a chorus of clanging weights and thumping rock music. Posters in the entrance to the centre instruct athletes
      NYT  -  1,144 words
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  • GOVERNMENT & ECONOMY
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      Lock icon China in stimulus mode cuts bank reserve ratio again
      509 21 Reduction is much bigger than expected and will also add fuel to the red hot stock market, says an economist BLOOMBERG Beijing CHINA cut the amount of cash the country’s lenders must set aside as reserves by the most since the
      BLOOMBERG  -  509 words
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      Lock icon IMF member nations point to exchange rate and geopolitical risks
      512 21 REUTERS Washington THE International Monetary Fund’s member nations have warned of risks to the global economy from exchange rate shifts and geopolitical tensions as they took note of “moderate” global growth and “uneven prospects”. While economies in developed countries have
      REUTERS; PHOTO: REUTERS  -  512 words
    • Article
      Lock icon Grace Fu heading to Jakarta for Asian-African ministerial meeting
      484 21  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore CABINET minister Grace Fu is leading a delegation from Singapore to attend the Asian-African ministerial meeting in Jakarta on Monday. Ms Fu is a Minister in the Prime Minister’s Office, and the Second Minister at
      484 words
    • Article
      Lock icon Robust corporate earnings set to boost Nikkei, say analysts
      734 21  -  By Anthony Rowley btworld@sph.com.sg Tokyo AN unusually important corporate results season will begin in Japan this week as companies report what some analysts believe could be earnings well above consensus forecasts, providing a trigger for Tokyo stock prices to climb back
      734 words
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      Lock icon UOB in deal to boost FDI, trade between Vietnam and Asean
      541 21  -  MOU is Vietnam Foreign Investment Agency’s first such tie-up with a bank By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore UNITED Overseas Bank (UOB) and Vietnam’s Foreign Investment Agency (FIA) have sealed a deal to boost foreign direct investments (FDI) and
      PHOTO: UOB  -  541 words
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      Lock icon UK Conservatives and Labour tied in neck-and-neck race
      862 22  -  With just a third of the votes each and no clear lead, sterling is down 14 per cent against US dollar and stock market gets jittery By Neil Behrmann btworld@sph.com.sg London WITH less than three weeks to go before the May 7
      PHOTO: REUTERS  -  862 words
    • Article
      Lock icon Sale of US arms fuels the wars of Arab states
      1279 22 NYT Washington TO wage war in Yemen, Saudi Arabia is using F-15 fighter jets bought from Boeing. Pilots from the United Arab Emirates are flying Lockheed Martin’s F-16 to bomb both Yemen and Syria. Soon the Emirates are expected to
      NYT  -  1,279 words
    • Article
      Lock icon Japan, US claim good start to TPP talks
      378 22 REUTERS Tokyo JAPANESE and US ministers said that bilateral trade negotiations got off to a good start on Sunday and the two nations would continue to discuss remaining issues, such as farm and car trade, on Monday. Japan’s Economy Minister Akira Amari
      REUTERS  -  378 words
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      6 22 陈够够 WATCH More news.omy.sg
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      45 22 REDEFINING IDEAS printpack+sign Singapore’s printing, packaging signage business exhibition a m re H 11 I? M S 29-31 JULY 2015 Marina Bay Sands, Singapore www.PrintPackSign.com Interested to exhibit? Tel: (65) 6848 5938 Email: PrintPackSign@bizlink.com.sg Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF SjSl
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    1922 24 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL PG KUC JKT SUR NOBLE CORAL 74 60 26/4 28/4 30/4 SEPANG EXPRESS 9 100 29/4 30/4
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      104 24 Experienced sh;p maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES Make A Splash In The Maritime World Via s|£i maritime.coM Ahoy there! If you are in a business pertaining to any sector of the maritime
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  • DINING OUT
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      Lock icon Anything goes
      1137 25  -  You never know what you’re going to get at indie eatery Lollapalooza which presents a free-style menu that evolves day to day. BY JAIME EE day.BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT Lollapalooza 1A Keong Saik Road Tel: 6221-3538 Open for dinner Mon to Sat: 6pm to 11pm.
      PHOTOS: LOLLAPALOOZA, JAIME EE  -  1,137 words
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      229 25 MASTERCLASS SERIES: ACHIEVE A BREAKTHROUGH IN YOUR SALES PERFORMANCE I I 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
      229 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Big turnout on store day shows rebirth of vinyl
      696 26 About 3,000 independent stores in nearly two dozen countries put out new and reissued records specially on Saturday AFP New York MUSIC lovers lined up for blocks and sellers reported bumper trade on Record Store Day, a sign of the rebirth
      AFP; PHOTO: AFP  -  696 words
    • Article, Illustration
      Lock icon Teaching kids the ‘life skill’ of cycling
      364 26  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore TWENTY young children were taught how to ride a bicycle last Saturday as part of an activity organised under The Business Times Cycle of Hope charity programme. The “Teach a child to cycle” initiative was held at
      364 words
    • Article
      Lock icon Indonesia govt, football association in standoff
      461 26 AFP Jakarta INDONESIAN football chiefs and the government were locked in a standoff last Saturday as the sports ministry sought to oust the current football association, in an escalating row that risks provoking fresh anger from Fifa. The ministry announced it was suspending the
      AFP  -  461 words
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      Lock icon TAKING HEART
      362 26  -  By MINDY TAN tanmindy@sph.com.sg @MindyTanBT Skills-matching volunteering programme at PwC SINCE the launch of a new skills-based volunteering programme aimed at matching the skill sets of staff with the right organisations, PwC has seen over 40 charitable and welfare organisations sign up. These include the Singapore Children’s Society,
      362 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      294 26 CRYPTIC CROSSWORD Across 1 Zipper for man certainly keeps acting the part (11) 10 Trunks of trees or roots seem impenetrable initially (5) 11 Discover a spot framing church by river (9) 12 Dispatched across Alps perhaps by jumbo? (9) 13 Comparatively fine in volcanic eruption (5) 14 Got rid
      294 words