The Business Times, 29 April 2015

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Microfilm: NL33464
Total Pages: 36
1 36 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G n@BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 Wednesday, April 29,2015
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  • DAILY DIGEST
  • Article, Illustration
    Lock icon Jho Low’s luxury portfolio includes S$43m S’pore penthouse
    618 1  -  Tycoon caught in 1MDB controversy bought 2 Angullia Park apartments in 2013 By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore HIS portfolio of coveted real estate includes a plush condominium and towering penthouse in New York, a mansion in Beverly Hills and a “high
    PHOTOS: SHAWN TEO  -  618 words
  • Article, Illustration
    Lock icon G-3 recovery will lift S’pore growth, but China slowdown will temper it
    878 1  -  Direct economic linkages with China have risen, with its share of S’pore NODX hitting 15.3% in 2014 MAS macroeconomic review By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE growth of the Singapore economy will be supported by a
    Source: MAS  -  878 words
  • Article
    Lock icon MARKETS
    27 1 Tuesday Change STI 3,495.09 -20.76 KL COMP 1,855.06 -4.52 NIKKEI 225 20,058.95 +75.63 HANG SENG 28,442.75 +9.16 SHENZHEN B 1,373.51 -24.73 DOW (noon EDT) 18,090.05 +52.08
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  • Page 1 Advertisements
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      14 1 Hill 8 '*****1 *****4 HIGHER EDUCATION LANDSCAPE The future of further education DISTINCTIVE UNIVERSITIES/15-22
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    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      24 1 STRONG BID MCC Land makes defensive bid in Tampines real estate 12 ON A MISSION Cheers to a better brew LEADERSHIP IN SUSTAINABILITY 13
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    • Advertisement
      Lock icon Page 1 Advertisements Column 3
      86 1 NEPAL QUAKE Companies providing expertise in addition to donations TOP STORIES 6 DISTINCTLY INDIVIDUAL Martin No.38: for the discerning, whose vision is distinct and not your typical. A vision validated by the accolades, and made complete with the release of the Martin No.38 penthouses. SIA Architectural Design Awards 2012 Design
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  • TOP STORIES
    • Article, Illustration
      Lock icon A manpower-lean economy driven by productivity: Chuan-Jin
      669 2  -  Outgoing Manpower minister paints future scenario for Singapore By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE future of Singapore is one where the economy must grow with fewer workers and a higher level of productivity, outgoing Manpower Minister Tan Chuan-Jin said on Tuesday. It
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    • Article
      Lock icon CPF Board recovers S$378.2m in arrears for 288,000 employees
      398 2  -  By Angela Tan angelat@sph.com.sg Singapore SINGAPORE’S CPF Board (CPFB) has recovered about S$378.2 million in CPF arrears from underpayments, nonpayment and late payment of contributions by employers. The CPFB said the recovery will benefit over 288,000 employees from cases closed in
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    • Article, Illustration
      Lock icon Harvard Business School grads to mentor students from 5 schools
      569 4  -  Each pair of mentors will guide batches of six students of three polytechnics and two universities over six months By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore STUDENTS at five post-secondary institutions here will soon get the opportunity to be mentored by
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    • Article, Illustration
      Lock icon Wage growth slowing despite tight labour market
      711 4  -  wages could rise more sharply in 2016, especially if economic conditions improve and the unemployment rate falls further MAS macroeconomic review By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore SINGAPORE’S labour market remains tight, but wage growth has eased along with the weak economic
      Source: MAS  -  711 words
    • Article, Illustration
      Lock icon Companies providing expertise in addition to donations for Nepal
      747 6  -  HSL Constructor and DHL, for example, have sent disaster-response teams; airlines sending aid supplies By Elizabeth Mak eamak@sph.com.sg Singapore WITH the death toll from the Nepal earthquake rising, local and international companies are chipping in to provide relief for the victims,
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    • Article
      Lock icon Projected small rise in petrol prices to add to M’sia’s cost woes
      625 6  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur A PROJECTED increase of between five and 10 sen in the price of petrol this Friday, though slight, could add to growing concerns over rising costs in Malaysia, coming as it does
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    • Article
      Lock icon China insurance deposit scheme launches on Friday
      721 6  -  By Virginie Mangin btworld@sph.com.sg Beijing ON Friday, China will launch a much-awaited insurance deposit scheme for banks, another step towards complete interest rate liberalisation and which will allow lenders most of them state-owned to operate in a more market-driven environment. The plan announced
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    • Article
      Lock icon Innovation and smart money rule at startup festival
      669 6  -  2 new initiatives unveiled by minister at innovFest unBound 2015 to support entrepreneurs in Singapore By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore IT was a showcase of innovation and smart money on Tuesday, the first day of the two-day InnovFest unBound 2015 an
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    • Article
      Lock icon Global Infrastructure Facility team to be based in Singapore
      312 6  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore A TEAM for the Global Infrastructure Facility (GIF) will be based in Singapore to grow the pipeline of projects that the GIF will facilitate. The GIF is a new open platform that combines the efforts
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  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      175 2 Located at Alexandra Precinct, Mapletree Business City II is the upcoming phase of flagship development, Mapletree Business City. When completed, it will offer over 1.1 million square feet in net lettable area of Grade-A business space. Mapletree wishes to thank our partners who joined us in celebrating our Group Chief
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  • Page 4 Advertisements
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      113 4 Reel in a prized catch of jobs from The Straits Times Recruit every day! To advertise, call The Straits Times Recruit Hotline: 1800-*****22 ARTISANAL CUISINE, A WAY OF LIFE. Celebrating and respecting seasonality, terroir and the world’s best produce. Ranked 11th, Asia’s 50 Best Restaurants 2015, sponsored by S. Pellegrino
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  • COMPANIES & MARKETS
    • Article
      Lock icon Cordlife’s ‘belle of the ball’ in bid for China Cord Blood
      843 7  -  Takeover bid for US-listed China Cord Blood Corp shines spotlight on its substantial shareholder Singapore’s Cordlife By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore A TAKEOUT offer for a major China cord blood firm listed on the New York Stock Exchange
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    • Article, Illustration
      Lock icon Sembcorp Marine stock slides further
      399 7  -  HOT STOCK By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore CONCERNS over Sembcorp Marine’s lack of new orders and heightened exposure to troubled Brazilian rig owner Sete Brasil weighed down its stock on Tuesday, a day after the group announced worse-than-expected earnings for January through March. The
      Source: Bloomberg  -  399 words
    • Article
      Lock icon PICTET
      263 7 Pictet-Absl Rtn Fxd Inc-HP EUR 23/04/2015 EUR 104,30 Pictet-Absl Rtn Glo Div-P EUR 23/04/2015 EUR 125,18 Pictet-Aslan Equities Ex Japan-P USD 24/04/2015 USD 222,81 Pictet-Asian Local Currency Debt-P USD 24/04/2015 USD 148,81 Pictet-Biotech-P USD 24/04/2015 USD 799,04 Pictet-Clean Energy-P USD 23/04/2015 USD 90,37 Pictet-Digital Communication-P USD 23/04/2015 USD 236,48
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    • Article
      Lock icon Nobel Design’s founder voted out of board
      658 8  -  Shareholders raise queries relating to the company’s dividend yields and its accounting practices By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore THE founder and largest shareholder of Nobel Design Holdings, Bert Choong, who has lately been embroiled in a legal tussle with several members
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    • Article
      Lock icon Ho Bee’s Q1 net profit surges 181.6%
      374 8  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore HO BEE Land’s net profit for the first quarter ended March 31, 2015, surged 181.6 per cent to S$ 11.56 million. This translated to earnings per share of 1.7 cents, up from 0.6 cents. Group revenue for
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    • Article
      Lock icon UOI posts lower Q1 profit, higher EPS
      282 8  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore UNITED Overseas Insurance (UOI) on Tuesday posted a 20.8 per cent drop in first quarter FY2015 net profit to S$9.36 million. Annualised earnings per share came up to 59.74 Singapore cents in Q1, up from 58.86 cents
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    • CORPORATE DIGEST
      • Article
        Lock icon AVJennings
        78 8 PROPERTY developer AVJennings’ wholly owned subsidiary, AVJennings Properties Wollert, has entered into a joint venture with AustralianSuper to develop a plot of land in Wollert, Victoria. The joint venture has options for three parcels of land at Wollert, with a developable area of 1.4 million square metres, which can
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      • Article
        Lock icon YuuZoo
        88 8 SOCIAL e-commerce network company Yuuzoo announced on Tuesday that it is expected to earn S$33.4 million in profits from the sale of licences to new franchisees.The figure, as at February this year, was based on a valuation by a “big four” audit firm, said Singapore-based Yuuzoo. Yuuzoo has signed
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      • Article
        Lock icon First Sponsor
        142 8 PROPERTY group First Sponsor swung into the black for the first quarter of 2015 with a net profit of S$10.73 million, compared to a loss of S$9.18 million in the corresponding quarter a year ago, driven by continued growth in its property financing business. Revenue surged 70.5 per
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      • Article
        Lock icon Samudera Shipping Line
        102 8 SIGNIFICANTLY lower costs gave a fillip to first-quarter earnings for Samudera Shipping Line on Tuesday. The container shipping line posted a 1378.3 per cent leap in net profit to US$6.1 million from US$414,000 the previous year. This was despite revenue for the three months to March 31
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    • Article
      Lock icon StarHub to upgrade network with SDN
      579 8  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore LOCAL telco StarHub announced on Tuesday that it will upgrade its core and access networks, using what is known as software-defined networking (SDN) technology. The telco aims to enhance its network capabilities, enabling the company to better
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    • Article
      Lock icon JV to turn excavated clay into reclamation material
      420 8  -  By Elizabeth Mak eamak@sph.com.sg Singapore SINGAPORE construction company Logistics Holdings said on Tuesday it is working with Taiwan’s China Steel Corporation (CSC) to develop a method to convert a construction by-prod-uct into useable land reclamation material. Logistics has signed a non-binding memorandum
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    • Article
      Lock icon WBL break-up sparks questions at OCBC AGM
      508 9  -  OCBC chief says bank not in hurry to sell stake in UE, which owns WBL By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE break-up of WBL Corporation just two years after OCBC affiliate United Engineers (UE) took full control of it was the topic
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    • Article
      Lock icon Woodside trims US$ bets amid uncertainty over Fed policy
      350 9 BLOOMBERG Singapore WOODSIDE Holdings Investment Management, a Singapore-based fund management company, has trimmed bets that the US dollar will strengthen amid uncertainty as to when the Federal Reserve will start raising interest rates. Woodside cut the percentage of its liquid assets
      BLOOMBERG  -  350 words
    • Article
      Lock icon Q&M buys over TP Dental for S$28.6m
      560 9  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore AFTER having tried to break into the high-end dental market in Singapore for some time, mainboard-listed Q&M Dental Group has bitten the bullet and snapped up a posh dental centre in the heart of Orchard Road for
      560 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 10 STI Catalist Straits Times Index April 28,2015 3,495.09 -20.76 (-0.59%) Current streak 1 day Day high 3,514.71 Day low 3,490.79 52-week high 3,539.95 (Apr 15, 2015) 52-week low 3,154.21 (Oct 16, 2014) FTSE ST Catalist Index April 28,2015 744.71 -3.50 (-0.47%) Current streak 1 day Day high 749.68 Day low
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    • Article, Illustration
      Lock icon Falls in Keppel, Jardine drag STI below 3,500
      683 10  -  Macquarie Equities Research believes DBS will show good earnings momentum, with double-digit EPS growth in 2015 STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times index (STI) on Tuesday sank 20.76 points to 3,495.09 weighed down by falls in Keppel Corp and
      Source: Bloomberg  -  683 words
    • Article
      Lock icon STI STOCKS
      322 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 258 cd -4 262/256 271 219 5.7 6523.1 CapitaLand 379 cd +3 379/375 379 293 13.9 2.4 *****.1 CapitaMall Trust 221 xd -3 225/221 228 188.5 4.9 7666.5 CityDev 1060 cd unch
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    • Article
      Lock icon MOST ACTIVE
      34 10 VOLUME SinoConstruction 112,765,000 Pacific Andes 53,310,200 Vallianz 46,867,900 IHC 40,496,300 Noble 37,210,000 Market volume 1,818,134,000 VALUE Singtel 96,447,483 DBS Grp 70,670,731 UOB 68,717,485 Keppel Corp 67,783,442 OCBC Bank 51,545,286 Market value 1,368,457,000
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    • Article
      Lock icon SGX ETFs
      109 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS India US$ US732 -1 224 738/731 1000/636 733/735 91.5 STI ETF 353 79 354/352 355/319 352/353 DBXT MSINDO us$ US1395 -17 63 1415/1383 1542/1324 1388/1395 DBXT CSI300 US$ US1293 -26 53 1319/1293 1325/615 1298/1302
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Apr 28 VALUE CLOSE BT OB/OS -171.00 -164.00 BT CADI -*****.00 -81.00 BT 10-day MA -*****.00 -17.00 FTSE ST Mid Cap 806.87 -5.08 FTSE ST Small Cap 506.32 -3.41 FTSE ST All Share 840.61 -5.09 FTSE ST China Top 215.09 -1.25 FTSE ST China 244.25 -2.18 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 10 STI FTSE ST All-Share ftse ST All-Share index April 28,2015 840.61 -5.09 (-0.60%) Current streak 1 day Day high 845.05 Day low 840.04 52-week high 847.98 (Apr 15, 2015) 52-week low 762.71 (Oct 16, 2014)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 10 STI MSCI EAFE MSCI EAFE Index April 27,2015 1,948.20 +16.26 (+0.84%) Current streak 3 days Day high 1,953.36 Day low 1,921.89 52-week high 1,995.49 (July 3, 2014) 52-week low 1,697.01 (Jan 7, 2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 11 1 0 0 0 4 11 1 Manufacturing 42 53 39 6 12 11 48 65 50 Commerce 14 26 15 6 4 3 20 30 18 Tpt/Stor/Comms 7 18 13
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 21,050 21,050 107,643 107,643 Manufacturing 298,489 72,853 371,342 149,250 6,733 155,983 Commerce 110,815 87,235 198,050 97,063 4,115 101,178 Tpt/Stor/Comms 208,052 370 208,422 267,978 26 268,004 Finance 27,527 168 27,695 233,849 49 233,898 Construction 128,223 12,876
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    • Article
      Lock icon GAINERS
      78 10 BY CENTS CLOSE UP 52w high/low IS S&P500 US$ ***** 265.6 1.0 *****/***** GLD US$ ***** 225.7 1.5 *****/***** DBXT E50 US$ 5185 140.8 2.1 5630/4562 DBXT MSEurope US$ 6120 94.3 1.2 6492/5366 DBXT MSTaiwan US$ 2392 51.8 1.7 2392/2024 BY PERCENTAGE CLOSE UP 52w high/low GlobalYellow W*****5 0.3
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    • Article
      Lock icon LOSERS
      74 10 BY CENTS CLOSE DOWN 52w high/low DBXT Nifty US$ ***** -411.6 -2.3 *****/***** Jardine C&C 4084 -116.0 -2.8 4770/3850 JSH USD 3440 -67.7 -1.5 3810/3233 JMH USD 6140 -42.5 -0.5 6788/5700 DBXT CSI300 US$ 1293 -34.5 -2.0 1325/615 BY PERCENTAGE CLOSE DOWN 52w high/low S i2i 0.2 -33.3 -0.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 10 VOL CLOSE($) CHANGE Soon Lian 280.0 0.150 -0.013 -7.98 Achieva 2,971.2 0.054 +0.005 +10.20 Yuexiu Prop 16.0 0.330 +0.025 +8.20 Leader Env 630.0 0.062 -0.005 -7.46 Oriental 3,850.3 0.057 -0.013 -18.57 Starland 661.0 0.136 +0.026 +23.64 Koyo Intl 12,519.8 0.280 +0.060 +27.27 Weiye 27,878.4 0.049 +0.005 +11.36 Foreland
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    • BROKERS’ TAKE
      • Article
        Lock icon First Real Estate Investment Trust
        139 10 Accumulate April 28 close: S$1.44 Target price: S$1.55 Phillip Securities Research, April 28 FIRST Reit’s sponsor PT Lippo Karawaci Tbk (LPKR), is aggressively ramping up its network of private hospitals across Indonesia at a time when healthcare insurance is expected to be rolled out to
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      • Article
        Lock icon Sembcorp Marine
        110 10 Sell April 28 close: S$2.94 Target price: S$2.567 KGI Research, April 28 SEMBMARINE’S Q1 FY15 net profit of S$106 million (-14 per cent year-on-year) was below our expectations, making up 20 per cent of our net profit estimates for FY15. The 14 per cent year-on-year decline in net
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      • Article
        Lock icon Hutchison Port Holdings Trust
        142 10  -  Compiled by Kenneth Lim Hold April 28 close: US$0.68 Target price: US$0.65 DBS Group Research, April 28 EXCLUDING a one-off gain of HK$244 million in Q1 FY14, profit grew 4 per cent year-on-year to HK$286 million in Q1 FY15, which is in line with our expectations.
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    • Article
      Lock icon CALENDAR
      18 10 DATA I April 29 (9.30pm) US GDP Price Index I April 29 (8pm) US MBA Mortgage Applications
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    • Article
      Lock icon US dollar inches up ahead of Fed policy meeting
      399 11 CURRENCIES AFP Tokyo THE US dollar edged up on Tuesday with investors focusing on a Federal Reserve policy meeting as expectations for a June interest rate hike fade. In Tokyo, the greenback inched up to 119.11 yen, from 119.05 yen in
      AFP  -  399 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Apr 28 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.954 4.894 0.724 6.110 49.894 102.387 0.938 8.442 2.810 1.032 80.270 34.908 1.047 9.444 0.753 24.083 25.724 0.517 0.788 Canada 1.048 5.128
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      • Article, Illustration
        Lock icon HANG SENG
        2 11
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      • Article, Illustration
        Lock icon NIKKEI
        1 11
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 11
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      • Article, Illustration
        Lock icon DOW JONES
        2 11
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Apr 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0464 1.0480 0.7881 0.7886 Canadian dollar 1.0966 1.0979 0.8262 0.8259 Euro 1.4449 1.4465 1.0882 1.0885 NZ dollar 1.0142 1.0157 0.7638 0.7643 Sterling pound 2.0245 2.0270 1.5247 1.5253
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Apr 28 S$ Bid Offer 1-month 1.3283 1.3297 2-months 1.3290 1.3303 3-months 1.3296 1.3312 6-months 1.3314 1.3331 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        407 11 Apr 28 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.31 *****.19 *****.22 Apr15 *****.00 *****.50 *****.50 *****.00 *****2 *****9 May15 *****.50 *****.00 *****.00 *****.50 *****2 *****9 NIKKEI 225 INDEX FUTURES SPOT *****.65 *****.78 *****.71 Jun15 *****.00 *****.00 *****.00 *****.00 ***** *****9 Sep15
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        213 11 Apr 28 Most active Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left KepCorp MB eCW*****1 9.3 -2 5758 0.2 930 5 DBS MB ECW*****1 13.1 0.2 3762 0.1 2180 6 FTSEChinaA50 ***** MBePW*****0 9.5 -1.3 2937 0.0 3 Rowsley
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 11 In local curr In S$ In US$ dy yr dy yr dy yr Apr 27 Index Change Change Change Change Change Change World Preliminary 1372.1 0.4 7.5 0.1 6.0 0.4 5.7 EAFE Preliminary 1127.4 0.7 14.2 0.5 10.0 0.8 9.8 Europe Preliminary 1584.1 1.0 14.6
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 Apr 28 $S Offer Bid 0vernight 0.03 Par 1-month 0.75 0.625 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.45 US$ Offer Bid 7 days 0.17 0.07 1 month 0.23 0.13 2 months 0.28 0.18 3 months 0.40 0.20 6 months 0.60 0.40 9 months 0.70 0.50 12
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      • Article
        Lock icon SIBOR
        36 11 Apr 28 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
        65 11 Apr 28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.53 102.61 102.60 5-Year N*****0H 1.625 01-Oct-19 100.43 100.57 100.55 10-Year NY*****H 3.000 01-Sep-24 107.25 107.35 107.32 15-Year NY*****E 2.875 01-Jul-29 105.37 20-Year NZ*****V 3.375 01-Sep-33 111.26 30-Year NA*****N
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 11 Apr-27 Price Net change change Last Trade Agricultural Apr-27 CBOT Soybeans (US cents/bu) 973.00 3.25 0.34% 14/05/2015 CBOT Soybean Oil (US cents/lb) 31.66 -0.01 -0.03% 14/05/2015 CBOT Wheat (US cents/bu) 470.25 -15.75 -3.24% 14/05/2014 Apr-27 LIFFE Cocoa (£/tonne) 1980.00 15.00 0.76% 13/05/2015 LIFFE Coffee (US$/tonne) 1730.00 -65.00 -3.62%
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
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      225 words
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  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      55 8 lO Wm nrjanmar Incorporating: Myanmar O retail mT Urban and City Planning Conference 2015 Real Estate Show Myanmar 2015 29 June -1 July 2015 Yangon, Myanmar M I Your gateway to trends and investment opportunities in Myanmar's real estate Contact Jason at +65 6848 6051 or email jason@sphereconferences.com to find
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      Lock icon Page 8 Advertisements Column 2
      481 8 The Business Times NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF 1. IN MEMBERS’ VOLUNTARY LIQUIDATION i) NOXAL PTE. LTD. (CO. REG. NO. *****3759Z) ii) ACT-NOBEL HOMES PTE LTD (CO. REG. NO. *****7806E) iii) SHELFORD TERRACES PTE. LTD. (CO. REG. NO. *****1895H) iv)
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      947 9 The Business Times Ik T I 1 I /“I 1 Toll free 1800-289-8822 I Email noticesasph.com. sg J V i I www.sphclass.com.sg/notices THE MONETARY AUTHORITY OF SINGAPORE IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF SPRINGLEAF SEVEN (FLR 26) PTE. LTD. (IN MEMBERS’ VOLUNTARY
      947 words
    • Advertisement
      Lock icon Page 9 Advertisements Column 2
      551 9 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF SPRINGLEAF ONE (FLR 14) PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO. *****6651W) Notice is hereby given that pursuant to Section 308 of the Companies Act (Cap.50), the final general meeting of the Company will
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  • REAL ESTATE
    • Article, Illustration
      Lock icon MCC makes defensive bid for Tampines Ave 10 site
      783 12  -  That the site drew 12 bids is a reflection of the continuing drive by developers to replenish their land bank, albeit at moderated prices, say property market observers By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore Singapore IN a reflection of developers’ hunger
      BT Graphics, Source: URA, onemap.sg  -  783 words
    • Article
      Lock icon Resale condo prices edge up 0.2% in March, flash estimates show
      576 12  -  But analysts say this small rise does not signal a recovery; prices of small units down amid abundant supply By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore PRICES of completed non-landed private homes in Singapore rose 0.2 per cent in March
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    • Article
      Lock icon Interior design award for M&C’s Japan hotel
      397 12  -  By Prisca Ang prisang@sph.com.sg Singapore Millennium Copthorne’s (M&C) first flagship hotel in Japan has clinched a silver award for interior design under the International Design Awards (IDA) 2014. The Millennium Mitsui Garden Hotel received the award from the US-based awards organisation IDA, which
      397 words
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      582 12 h GCCP Resources Limited GCCP RESOURCES LIMITED (Company Registration Number: 01-*****5) (Incorporated in the Cayman Islands on 1 November 2013) PLACEMENT OF 122,000,000 PLACEMENT SHARES AT S$0.23 FOR EACH PLACEMENT SHARE, PAYABLE IN FULL ON APPLICATION The Board of Directors of GCCP Resources Limited, (the “Company”) is pleased to announce
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      86 12 HEARTIEST CONGRATULATIONS TO: >;• -i 5 IS M id EXECUTIVE CHAIRMAN GROUP CEO OF SERIAL SYSTEM LTD CHAIRMAN, MIDAS TOUCH ASIA BUSINESS CLUB DATO' SERI DEREK GOH BAK HENG, (PBM, BBM, DIMS, SPTM) ISTERI: DATIN SERI CHRISTINA AU MEI YIN, SPTM W ON BEING CONFERRED THE SERI PANGERAN TEMENGGONG SULTAN
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  • LEADERSHIP IN SUSTAINABILITY
    • Article, Illustration
      Lock icon Cheers to a better brew
      972 13  -  International brewer Heineken is on a mission to make the world better for generations to come.BY come.BY FRANCIS KAN AS one of the world’s leading brewers, Dutch group Heineken has made it a priority to ensure that its products are made and consumed in a
      972 words
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      Lock icon A special sunrise
      239 13 SINCE 2006, Heineken has been the official beer partner for ZoukOut, Singapore’s outdoor dance music festival. In December 2013, APB Singapore launched “Sunrise belongs to moderate drinkers” at the festival, which is held on Sentosa island. The aim was to encourage partygoers to pace their drinking so
      239 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Deutsche Bank dilutes radical revamp after ECB stress test
      835 14 Plan to strip off its retail arm abandoned as it will dry up funding and raise cost of capital, say sources REUTERS Frankfurt A RADICAL plan for Deutsche Bank to become a pure investment bank and corporate lender was dropped after
      REUTERS; PHOTO: REUTERS  -  835 words
    • Article
      Lock icon StanChart misses estimates in last results under CEO Sands
      626 14 BLOOMBERG London STANDARD Chartered plc (StanChart) reported first-quarter profit that missed analysts’ estimates, with all but one division reporting lower earnings in Peter Sands’ final results as chief executive officer. Pre-tax profit fell 22 per cent to US$1.5 billion from the
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      804 14 WHO GETS THE CHEESE? A special feature brought to you by ARTICLE BY JENSEN SIAW, a Performance Breakthrough Coach and Communication Expert. Yes, we are all in the rat race. We run to make a living, we run for a promotion, we run to get an increment and make more
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  • DISTINCTIVE UNIVERSITIES 2015
    • Article, Illustration
      Lock icon The future of further education
      5531 15 The presidents of Singapore’s six universities discuss the country’s evolving higher education landscape over the years, the challenges in recruiting the best students and faculty, and what they hope to see in the Republic’s university education scene in the coming decade Roundtable participants: IProfessor Tan
      FREEIMAGES  -  5,531 words
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      Lock icon Nanyang Business School, NTU
      1898 16 ABOUT THE SCHOOL Punching above its weight Competition among international business schools has intensified over the last few years. In spite of that, Nanyang Business School (NBS) at Nanyang Technological University (NTU) not only continues to hold its own, it has marched higher in global rankings,
      1,898 words
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      Lock icon National University of Singapore
      1175 17 ABOUT THE UNIVERSITY An education for life IN today’s world, in-depth knowledge in a specialised area is no longer enough. Students have to grow their knowledge in breadth in order to be equipped to take on new types of jobs in a world that is changing
      1,175 words
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      Lock icon SIM University
      2262 18 The School of Business at SIM University (UniSIM) UniSIM is Singapore’s only private university and its mission is to create excellence in lifelong education through a unique-ly-designed learning experience that equips learners for a better future. This year, UniSIM celebrates 10 years of providing a local university education
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      Lock icon Singapore Institute of Technology
      1802 19 ABOUT THE UNIVERSITY A distinctive way to learn and work Singapore Institute of Technology (SIT) is Singapore’s new autonomous university. The university’s applied degree programmes offer students a chance to experience a method of instruction that integrates work and study. SIT’s degree programmes also exemplify the
      1,802 words
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      Lock icon Singapore Management University
      1925 20 A responsive undergraduate education Singapore Management University offers: NBachelor of Accountancy NBachelor of Business Management NBachelor of Laws NBachelor of Science (Economics) NBachelor of Science (Information Systems Management) NBachelor of Social Science NSUTD-SMU Dual Degree in Technology Management UNDERGRADUATES experience an education that goes beyond the degree.
      1,925 words
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      Lock icon Singapore University of Technology and Design
      1897 21 ABOUT THE UNIVERSITY The Singapore University of Technology and Design (SUTD) is established in collaboration with the Massachusetts Institute of Technology (MIT) to advance knowledge and nurture technically-grounded leaders and innovators to serve societal needs. MIT collaboration SUTD’s collaboration with MIT represents MIT’s most
      1,897 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Japan sees clean energy edging out nuclear by 2030
      642 23 Govt’s draft report proposes diminished role for nuclear power in Japan BLOOMBERG Tokyo JAPAN anticipates that by 2030, clean energy such as solar and hydro will generate slightly more of the nation’s electricity than nuclear power plants. Clean energy sources will
      BLOOMBERG; PHOTO: REUTERS  -  642 words
    • Article
      Lock icon US studying coal mining firms’ cleanup programme for shortfalls
      422 23 REUTERS Baltimore THE federal government is examining whether struggling US coal companies still qualify for an exemption that allows them to avoid having to fully insure against billion-dollar mine cleanup costs, the top regulator for the mining industry said. Within the
      REUTERS  -  422 words
    • Article
      Lock icon Petrobras write-down may boost US class action lawsuit
      869 23 REUTERS Wilmington, Delaware BRAZILIAN oil company Petrobras’ US$ 17 billion write-down, announced last week, may have been meant to close the accounting on a sprawling corruption scandal, but could instead provide fresh ammunition for a US class action lawsuit. The case, filed
      REUTERS  -  869 words
    • Article
      Lock icon Celanese building VAE emulsions unit at S’pore plant
      265 23  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore NEW YORK-LISTED chemicals giant, Celanese Corporation, has begun construction of a vinyl acetate ethylene (VAE) emulsions production unit at its acetyls facility on Jurong Island, it announced on Tuesday. The Singapore unit, which is expected
      265 words
    • Article
      Lock icon Fall in US crude output expected to accelerate
      529 23 BLOOMBERG New York THE drop in US crude production is set to accelerate as investment cutbacks are felt, reducing the chance of a V-shaped recovery in output. Reports of falling output and plummeting rig counts in the four main shale-produc-ing areas have
      BLOOMBERG  -  529 words
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      27 23 CAREER MUMS tabla!speaks towomen whojuggle motherhood andtheirjobs JOURNEYING WITH KABIR GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL SHAN (*****861) KALWANT (*****327) NISHAL (*****438)
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  • TECHNOLOGY
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      320 24 KONICA MINOLTA U Giving Shape to Ideas Gone were the days when I used to lug a heavy bag of documents or call back to the office to check on figures. With Konica Minolta, all the necessary information can be searched and retrieved instantly from my smartphone. JJ THE NEW
      320 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Use of air conditioning set to soar worldwide
      523 25 Study warns of global warming as demand increases with rising incomes around the world AFP Miami THE use of air conditioning may rise dramatically by the end of the century, requiring far more electricity and sending pollutants into the atmosphere at unprecedented
      AFP; PHOTO: REUTERS  -  523 words
    • Article
      Lock icon Japan’s Capital Medica eyeing S-E Asia hospitals
      449 25 BLOOMBERG Tokyo CAPITAL Medica Co, a Japanese operator of care facilities, is seeking to acquire hospitals in South-east Asia as it tries to get patients to choose Japan over the US and other markets for heart bypasses and other surgical procedures. “Medical tourism
      BLOOMBERG  -  449 words
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      64 25 •VCo CREATE MY OWN ADVENTURE BOOK t> t> t> B NORTHERN UGHTS \N NORWAY klSS92 FM EXPERIENCES LET KISS92 BRING YOU ONE STEP CLOSER TO YOUR DREAM! OPEN MY OWN BAKERY TO BE A PHOTOGRAPHER v%C >0G0 WT-m. m. m}. TUNE IN TO KISS92 TO FIND OUT HOW! a "Tl
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  • GOVERNMENT & ECONOMY
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      479 26 THE BUSINESS TIMES NOTICES 1 1 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF THE SHAVEN CAT PTE LTD (In Creditors' Voluntary Liquidation) Reg. No. *****5357R NOTICE OF RESOLUTION At an Extraordinary General Meeting of the abovenamed Company duly aonvened and held at 8
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  • TRANSPORT
    • Article, Illustration
      Lock icon Shipping’s environmental record under attack
      1093 28  -  T&E claims the industry needs another stiff dose of intervention to get it on the right track STRAIT TALK BY DAVID HUGHES MUCH of the shipping industry was in Singapore last week. Sea Asia 2015 welcomed a massive 16,185 participants from 85 countries taking part
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      Lock icon South Korean ferry captain gets life term
      593 28 NYT Seoul THE captain of the South Korean ferry that capsized a year ago, killing more than 300 people, most of them teenagers, was sentenced on Tuesday to life in prison in an appeals court ruling that convicted him of murder. The conviction
      NYT; PHOTO: REUTERS  -  593 words
    • Article
      Lock icon Honda forecasts flat profit this year
      584 28 BLOOMBERG REUTERS Tokyo HONDA Motor Co has forecast profit that fell short of analyst estimates as the Japanese carmaker recovers from its worst vehicle recalls in decades and as weaker overseas currencies erode earnings. Net income will probably rise to 525 billion yen (S$5.84
      BLOOMBERG; REUTERS  -  584 words
    • Article
      Lock icon Air Canada impresses analysts but investors still keep away
      846 28 BLOOMBERG Montreal AIR Canada’s turnaround plan has won over analysts. The airline has yet to get investors back on board. The stock boasts the highest rating among North American airlines, according to data compiled by Bloomberg, and analysts are projecting a
      BLOOMBERG  -  846 words
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      249 29 11 ■V -i--v. W 4 1? ORRI s' iS ter3^ <ws X r fct s S\NG Featuring Lang Lang and Apl.de.ap A MEGA CONCERT CELEBRATING 50 YEARS OF SINGAPORE MUSIC 7 AUGUST 2015, 7.30PM, NATIONAL STADIUM TICKETS ON SALE NOW TICKETS: $20 $1 Booking Fee) HOTLINE: +65 6333 5000 WEB
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  • OPINION
    • Article
      Lock icon PM’s articulation of priority areas will keep smart nation journey focused
      535 30 EDITORIAL BEING “smart”, either as a city or a nation, is the new technology buzzword. Singapore, as an early technology adopter, announced more than a year ago its intention to become a Smart Nation. One year on, Singapore’s vision
      535 words
    • Article
      Lock icon British voters need real information to judge politicians
      824 30  -  It is a bewildering line-up and the days after May 7 will be enticing. Given uncertainty and controversial things that may happen, you would think that electioneering would be gripping. Far from it. THE BOTTOM LINE By David Mason T The writer,
      824 words
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      Lock icon Democrats’ stance on trade angers Obama
      1484 30  -  He takes a swipe at MSNBC, whose progressive hosts have been attacking his trade policies, and says his entire presidency has been about helping working families By Leon Hadar PRESIDENT Barack Obama, who has prided himself for projecting to the world a cool No-Drama
      PHOTO: REUTERS  -  1,484 words
    • Article
      Lock icon LKY: Singapore’s anti-corruption visionary
      892 31  -  Mr Lee stressed that the strongest deterrent is in a public opinion which censures and condemns corruption, and creates a stigma which makes it unacceptable to all. COMMENTARY By Wilson Ang T The writer is a partner at Norton Rose Fulbright in Singapore ONE of Lee
      892 words
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      Lock icon Asean meetings a chance to deepen ties with Europe
      659 31  -  By Cecilia Malmström T The writer is the European commissioner for trade THIS past weekend’s Asean meetings in Kuala Lumpur and Langkawi are vital for this region. But they are also very important for the ties between Asean’s 10 countries and
      659 words
    • Article
      Lock icon ‘Early bird’ clause prohibited: SIC
      170 31  -  LETTER TO THE EDITOR Low Sze Gin Secretary Securities industry Council WE refer to your article “Lessons from the KepLand takeover” (BT, April 17). The article suggested that future offerors who want to adopt a two-tier offer consider an “early bird” clause where only shareholders
      170 words
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      Lock icon Powering India is a tough renewables act
      1084 31  -  The bold clean-energy drive demands clear and right policy signals if double-digit growth is to become reality.BY G PANICKER reality.BY G PANICKER GROWING optimism about the Indian economy has reinforced the case for seamless power flow. And the government hopes to ensure it
      PHOTO: REUTERS  -  1,084 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    1932 32 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL KUC MUA KK JKT MALAYSIA STAR 45 50 9/5 10/5 14/5 16/5 17/5 DREAM JASMINE 13 100
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      104 32 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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  • LIFE & CULTURE
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      Lock icon Mother’s Day art for special needs children
      289 33  -  Established artists run workshop for them organised by UOB. BY ARTHUR LEE By Arthur Lee arthurl@sph.com.sg MOTHER’S Day came early for some children from the Association for Persons with Special Needs (APSN) Katong School on Tuesday. They learnt how to paint Mother’s Day
      PHOTOS: ARTHUR LEE  -  289 words
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      Lock icon More hotels in US embrace sustainability
      732 33 NYT New York DR Stuart Gitlow, a psychiatrist, travelled this month to the Westin Peachtree Plaza in Atlanta for a presentation at a conference about treating drug addiction. During his three-night stay, he dispensed with housekeeping. “I don’t need my bed made every day
      NYT; PHOTO: NYT  -  732 words
    • Article
      Lock icon London-based Mazi Mas seeks to help migrant women in other cities
      452 33 BLOOMBERG New York MAZI MAS, a social enterprise that supports migrant women through training and experience in the food industry, is looking to expand overseas from its base in London, where it runs a pop-up restaurant and a catering
      BLOOMBERG  -  452 words
    • Article
      Lock icon China’s anti-graft drive targets art
      291 33 AFP Beijing FIRST went the fancy banquets, then the lavish gift-giv-ing. Now, China’s ruling Communist Party has set its sights on a new target in its anti-corruption drive: art and literary prizes. China’s proliferation of cultural awards has raised alarm among the party’s much-feared anti-corruption
      AFP  -  291 words
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  • Page 33 Miscellaneous
    • Miscellaneous
      Lock icon Page 33 Miscellaneous Column 1
      331 33 CRYPTIC CROSSWORD Across 1 Combining two illegal drugs makes one crazy (8) 6 Spot daughter with fruit (6) 9 Drive home in brougham merrily (6) 10 Excited to get in live coverage after a dip (8) 11 Suave type, one captivated by some hot dancing (8) 12 Hard men trap
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      99 34 Bringing quality products to the world. It's a Swiss tradition. From watches to chocolate, the Swiss are known for quality products. As the airline of Switzerland, we offer another fine export: relaxation. Find out more on swiss.com """Mill "••Hum, 1*1111 V > nv-. a• > v. -'A. vr- 1 k
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      79 35 F=r pr F=r p=r pr F=r F F=r f=t rr pr M 1 i=r 11 F=r Pi E FI F=r i r pi FI pr F=r Ft JB F=r FI Trust is the word in a world of information overload. Lianhe Zaobao offers a reliable source of news for readers
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  • EXECUTIVE MONEY
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      Lock icon Pimco’s multi-pronged solutions
      815 36  -  Clients seeking ‘alpha’ looking at multiple asset classes and alternative strategies. BY GENEVIEVE CUA MUTUAL fund giant Pimco is looking to grow its business in the Asia Pacific at a double digit clip over the next five to seven years, says Eric Mogelof, Pimco Asia’s managing director
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      Lock icon Junk bonds are a good buy – if you can get your hands on them
      485 36  - Junk bonds are a good buy if you can get your hands on them By Lisa Abramowicz BLOOMBERG HERE’S a quick way for credit investors to earn billions of dollars this year: simply buy pieces of the largest new junk bond sales, then sell them for a profit. It’s been
      BLOOMBERG  -  485 words
    • Article
      Lock icon Funds buy more S’pore stocks overall
      517 34 ON THE RADAR GLOBAL mutual funds bought more Singapore stocks than they sold in the three months to April 22. Based on transactions in the top five stocks, there were S$1.36 billion worth of net buys, compared to net sells of S$1.09 billion. The
      517 words
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      Lock icon S’pore’s hedge fund industry must evolve to prosper
      1300 35  -  A range of pressing issues impact the industry’s health this year and beyond.BY MONEY MATTERS beyond.BY GORDON RUSSELL The writer is global head of Risk at Broadridge THE development of Singapore’s hedge fund industry is often cited as a case study for
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      97 36 The world’s No.1 CFD provider*gives you full exposure to Singapore stocks from 10% deposit and 0.1% commission. Discover a new way to trade at IG.com.sg Losses can exceed your deposits. Ensure you understand the risks and costs involved with CFD and FX trading by reading the Risk Disclosure Statement at
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      21 36 MONEY MATTERS S’pore’s hedge fund industry must evolve to thrive /35 ON THE RADAR Funds buy more S’pore stocks overall /34
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