The Business Times, 30 April 2015

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Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    24 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G C ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 Thursday, April 30,2015
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  • DAILY DIGEST
    • Article
      Lock icon From May 1, OCBC will pay
      27 1 a maximum of 3.25 per cent interest annually on up to S$60,000 held in its customers’ 360 accounts. TOP STORIES 3
      27 words
    • Article
      Lock icon An accelerator that is
      27 1 looking to attract and groom tech startups and which has the backing of Australia-listed telco Telstra takes off on Wednesday. TOP STORIES 4
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    • Article
      Lock icon Far East Hospitality Trust posts
      30 1 a 17.7 per cent slide in distribution per stapled security to 1.07 Singapore cents for the first quarter ended March 31, 2015. COMPANIES MARKETS 6
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    • Article, Illustration
      Lock icon Barclays sets aside
      32 1 another £800 million on Wednesday to cover potential settlements for alleged foreign exchange manipulation, hitting profits and reflecting its struggle to put past problems behind it. BANKING FINANCE 16
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    • Article
      Lock icon Indonesian stocks fall
      29 1 the most since August 2013 as investors weighed falling corporate earnings and Australia’s warning that the execution of foreign nationals will damage relations. GOVERNMENT ECONOMY 22
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  • Article
    Lock icon MARKETS
    26 1 Wednesday Change STI 3,487.15 -7.94 KL COMP 1,842.93 -12.13 NIKKEI 225 CLOSED HANG SENG 28,400.34 -42.41 SHENZHEN B 1,399.63 +26.11 DOW (noon EDT) 18,039.04 -71.10
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  • Article, Illustration
    Lock icon MAS removes hurdles for simple investment funds
    738 1  -  To boost ETF trades, SGX to waive clearing fees from June 1 to Dec 31, 2015 By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore RETAIL investors no longer have to run the gauntlet just to invest in simple investment funds. Following strong market feedback that
    Source: Monetary Authority of Singapore, Sinagpore Exchange BT Graphics: Kenneth Lim  -  738 words
  • Article
    Lock icon Govt to take lead in forming sectoral tripartite committees
    629 1  -  By Chuang Peck Ming peckming@sph. com.sg @PeckmingBT Singapore GOVERNMENT agencies will take the lead in setting up sectoral tripartite committees to deepen the govern-ment-union-business partnership in identifying skills needed for workers to be future-ready. Speaking on Wednesday at the NTUC’s May
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      71 1 Hill 8 '*****1 *****4 SKILLSFUTURE Singapore taps German model to deepen technical skills TOP STORIES 2 r s' i-a' Piis-M I A jgr^-v Umt» CRAFTING ETERNITY SINCE 1755 -the transmission of our watchmaking savoir-faire. U) mvvy-Kjfi/wu'vV-- <>-/!.'•'i--'.' -ri'y- v vVACHERON CONSTANTIN GENEVE .260 years of continuous history reflect PATRIMONY ■Tt
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    • Advertisement
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      14 1 FOR SALE Toa Payoh housing site expected to attract strong interest REAL ESTATE 12
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      18 1 BINJAI RISE GCB No takers for Binjai Rise GCB put up for auction by bank REAL ESTATE 12
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  • TOP STORIES
    • Article, Illustration
      Lock icon Singapore taps German model to deepen technical skills
      1275 2  -  Strategy also aims to attract leading German firms to set up base here SKILLSFUTURE By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT Munich A FLEDGLING programme sending local polytechnic graduates to Germany to get a degree and in-depth work experience has gained momentum, with
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    • Article
      Lock icon German dual-study system aims for skills mastery
      552 2  -  Companies pay to train students as they alternate between studies and practical on-the-job training By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT Munich FROM Adidas to Volkswagen, Siemens to Bosch, many German multinational companies have made du-al-study programmes a mainstay of talent and recruitment strategies.
      552 words
    • Article
      Lock icon Earn-and-Learn headstart for grads eyeing food-manufacturing careers
      522 2  -  By Prisca Ang prisang@sph.com.sg Singapore FRESH polytechnic graduates eyeing a career in food manufacturing can get a headstart by joining the SkillsFuture Earn and Learn programme set up for the food-man-ufacturing sector. Those on the programme attend classroom lessons in three areas, corresponding
      522 words
    • Article, Illustration
      Lock icon OCBC’s 360 account ties bonus interest to investment products
      490 3  -  Bank will pay maximum 3.25% p.a. interest on up to S$60,000 in savings account if conditions met By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore FROM May 1, OCBC will pay a maximum of 3.25 per cent interest annually on up to S$60,000
      Source: UBS Investor Watch  -  490 words
    • Article, Illustration
      Lock icon Boat Quay to get S$5m facelift from early 2016
      702 3  -  Eight in 10 landlords and business owners back the plan drawn up by Singapore River One and the URA By Fiona Lam fionalam@sph.com.sg Singapore BOAT Quay’s riverfront promenade will get a makeover next year, one which will revamp its outdoor dining
      702 words
    • Article
      Lock icon Economy stalls in Q1, GDP grows at 0.2% rate
      586 3 LATEST US DATA BLOOMBERG Washington US economic growth braked more sharply than expected in the first quarter as harsh weather dampened consumer spending and energy companies struggling with low prices slashed spending, but there are signs activity is picking up. Gross
      BLOOMBERG  -  586 words
    • Article
      Lock icon Money not enough, say US millionaires in survey
      640 3  -  Millennials more insecure and conscious about wealth By Siow Li Sen lisen@sph.com.sg @SiowLiSen Singapore SEEMS millionaires are beset by stress and anxiety like the rest of the general population and part of that fear is they could lose it all, and then
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    • Article
      Lock icon Another new accelerator looking to groom S-E Asian tech startups
      446 4  -  muru-D, with the backing of Telstra, will offer a six-month accelerator programme By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore AN accelerator that is looking to attract and groom tech startups and which has the backing of Austral-ia-listed telco Telstra was launched
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    • Article, Illustration
      Lock icon AXA banks on customer-centric motto to grow its business
      878 4  -  And in line with that vision is the big shift to data analytics and online ops by France’s largest insurer By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore DIGITISING the business of insurance is “the biggest revolution” insurers have yet to face, says
      PHOTO: SHAWN TEO  -  878 words
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      Lock icon Page 2 Advertisements Column 1
      31 2 4Want access to BBQ pits If you're looking for your dream condo complete with facilities, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
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      Lock icon Page 3 Advertisements Column 1
      85 3 In aid of the survivors from the devastating earthquake that hit Nepal, Table by Rang Mahal at Naumi Hotel and Rang Mahal at Pan Pacific Singapore pledge our support. All nett proceeds from food sales today, Thursday, 30 April 2015, will be donated to the Nepal Earthquake Relief Fund. From
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      1674 4 (INCORPORATED IN THE REPUBLIC OF KOREA) SEPARATE STATEMENTS OF FINANCIAL POSITION As at December 31, 2014 and 2013 (Korean Won in millions) 2014 2013 ASSETS Cash and due from banks W 8,496,388 W 6,646,083 Financial assets at FVTPL 1,743,003 1,606,733 Derivative assets used for hedging purposes 36,745 23,070 Available-for-sale financial
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  • COMPANIES & MARKETS
    • Article
      Lock icon Far East H-Trust posts 17.7% drop in Q1 DPS
      501 6  -  Fall in international visitor arrivals, shrinking corporate travel budgets take their toll By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore AGAINST the backdrop of softening travel demand and smaller corporate budgets, Far East Hospitality Trust (H-Trust) posted a 17.7 per cent slide in
      501 words
    • Article
      Lock icon AA Reit posts 16.3% rise in DPU for Q4
      423 6  -  B y Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore AIMS AMP Capital Industrial Reit (AA Reit) chalked up a 16.3 per cent year-on-year increase in distribution per unit (DPU) to 2.92 Singapore cents for the fourth quarter of FY2015. Distribution to unitholders climbed
      423 words
    • Article
      Lock icon MAS fines insider trader S$9.6m
      213 6 Singapore THE Monetary Authority of Singapore (MAS) has imposed civil penalties on Lim Oon Cheng and his niece, Lim Huey Yih, for insider trading. Mr Lim has also admitted to false trading. Mr Lim has agreed to pay a civil penalty of S$9.597 million for
      213 words
    • Article
      Lock icon Parkway Life Reit posts 14% rise in DPU
      348 6  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore LIFTED by gains from divestment and foreign exchange, Parkway Life Real Estate Investment Trust recorded a 14 per cent year-on-year increase in distribution per unit (DPU) to 3.21 Singapore cents for the three months ended March
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    • Article
      Lock icon Starhill Global Reit’s DPU up marginally in Q5
      456 6  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore STARHILL Global Reit on Wednesday posted a distribution per unit (DPU) of 1.26 Singapore cents for its fifth quarter ended March 31, 2015. The DPU was 1.6 per cent higher than the 1.24 Singapore cents it
      456 words
    • Article, Illustration
      Lock icon Pacific Century headed for delisting?
      610 7  -  Exec chairman holds 1.03% of its shares while vehicles controlled by him hold 85.7%; free float down to 13% By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore AN investment holding company controlled by Hong Kong tycoon Li Ka-shing’s younger son Richard Li is veering closer to the
      Source: Bloomberg  -  610 words
    • Article
      Lock icon Oil firm Rex’s losses deepen to US$8.15m in Q1
      396 7  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore WEIGHED down by foreign exchange losses, higher administrative expenses and losses from jointly controlled entities, Rex International Holding’s net loss deepened to US$8.15 million for the first quarter ended March 31,2015, compared to a
      396 words
    • Article
      Lock icon ISDN’s Q1 net profit up from S$0.1m to S$2.9m
      243 7  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore ISDN Holdings’s Q1 net profit hit S$2.9 million from S$0.1 million a year ago, buoyed by stronger demand from customers mainly in the machine tools industry that support automation equipment and smart phone production in
      243 words
    • Article
      Lock icon Ascendas India Trust DPU for Q4 up 7%
      317 7  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore ASCENDAS India Trust (a-iTrust) achieved a 7 per cent year-on-year rise in distribution per unit (DPU) to 1.30 Singapore cents for the fourth quarter ended March 31, 2015, on the back of stronger net property income
      317 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times Index April 29,2015 3,487.15 -7.94 (-0.23%) Current streak 2 days Day high 3,496.53 Day low 3,482.15 52-week high 3,539.95 (Apr 15, 2015) 52-week low 3,154.21 (Oct 16, 2014) FTSE ST Catalist index April 29,2015 733.36 -11.35 (-1.52%) Current streak 2 days Day high 745.37 Day low
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    • Article, Illustration
      Lock icon Market sags into mid-week slowdown
      604 8 Investors are nervously waiting for possible interest rate hike as a two-day Federal Reserve policy meeting draws to an end TT STOCKS THE local market appeared to be taking a breather on Wednesday from its recent exertions after two to three hectic weeks, sagging into
      Source: Bloomberg  -  604 words
    • Article
      Lock icon STI STOCKS
      321 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 246 xd -12 254/245 271 219 5.9 6219.7 CapitaLand 375 cd -4 379/372 379 293 13.7 2.4 *****.2 CapitaMall Trust 218 xd -3 222/216 228 188.5 5 7562.5 CityDev 1056 cd -4
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    • Article
      Lock icon MOST ACTIVE
      34 8 VOLUME SinoConstruction 83,360,500 Digiland Intl 46,701,100 IHC 43,655,500 Ezion 37,065,000 LH 34,605,900 Market volume 1,622,670,000 VALUE Singtel 66,000,082 OCBC Bank 62,355,999 DBS Grp 60,899,998 UOB 58,728,984 HongkongLand USD 53,996,946 Market value 1,135,451,000
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    • Article
      Lock icon SGX ETFs Most Active
      112 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap ABF SG Bond ETF 115.9 +0.4 97 115.9/115.5 123.5/110.2 115.5/115.9 529.1 UETF SSE50China 311 -1 73 312/309 318/140 311/312 97.2 Lyxor HSI US$ US355 -1 70 357/355 361/275 354/359 30.9 IS MS India US$ US739 +7
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Apr 29 VALUE CLOSE BT OB/OS -282.00 -111.00 BT CADI -*****.00 -69.00 BT 10-day MA -*****.00 -28.00 FTSE ST Mid Cap 797.81 -9.06 FTSE ST Small Cap 502.29 -4.03 FTSE ST All Share 837.22 -3.39 FTSE ST China Top 212.47 -2.62 FTSE ST China 244.48 +0.23 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share FTSE ST All-Share index April 29,2015 837.22 -3.39 (-0.40%) Current streak 2 days Day high 839.33 Day low 837.01 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 8 STI MSCI EAFE MSCI EAFE Index April 28,2015 1,945.58 -2.62 (-0.13%) Current streak 1 day Day high 1,951.89 Day low 1,936.47 52-week high 1,995.49 (July 3, 2014) 52-week low 1,697.01 (Jan 7, 2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 8 3 0 0 0 5 8 3 Manufacturing 55 43 37 10 7 14 65 50 51 Commerce 24 16 22 5 5 1 29 21 23 Tpt/Stor/Comms 11 19 10
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 20,529 20,529 50,856 50,856 Manufacturing 249,350 94,147 343,497 110,682 11,105 121,788 Commerce 106,603 47,770 154,373 71,069 2,384 73,453 Tpt/Stor/Comms 149,778 1,560 151,338 174,339 120 174,458 Finance 42,319 197 42,516 217,135 56 217,192 Construction 106,214 21,797
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    • Article
      Lock icon GAINERS
      77 8 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 87.1 0.6 *****/***** DBXT CSI300 US$ 1324 40.9 2.4 1325/615 HongkongLand USD 794 38.3 3.8 830/646 Lyxor EM Mkt US$ 1104 14.5 1.0 1136/985 OSIM Intl 207 11.5 5.9 294/164.5 BY PERCENTAGE CLOSE UP 52w high/low S i2i 0.3 50.0
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    • Article
      Lock icon LOSERS
      78 8 BY CENTS CLOSE DOWN 52w high/low DBXT AUDBonds AU$ ***** -162.5 -0.7 *****/***** UOB 2442 -54.0 -2.2 2505/2136 DBXT MSINDO us$ 1360 -46.2 -2.5 1542/1324 SPDR S&P500 US$ ***** -42.3 -0.2 *****/***** DBXT China50 US$ 4193 -39.6 -0.7 4258/2699 BY PERCENTAGE CLOSE DOWN 52w high/low GRP W*****7 0.5 -37.5
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 8 VOL CLOSE($) CHANGE Suntar Eco-City 20.0 0.067 +0.020 +42.55 QT Vascular 31,951.2 0.225 -0.045 -16.67 MSC 30.2 1.000 +0.050 +5.26 Pan Asian 600.0 0.053 +0.003 +6.00 Global Tech 1,909.4 0.020 +0.003 +17.65 Yuexiu Prop 16.0 0.310 -0.020 -6.06 MM2 Asia 1,104.1 0.395 +0.030 +8.22 Europtronic 14,054.6 0.021 +0.001
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    • BROKERS’ TAKE
      • Article
        Lock icon Parkway Life Reit | Add
        138 8 Parkway Life Reit Add April 29 close: S$2.42 Target price: S$2.60 CIMB Research, April 29 PARKWAY Life Reit’s (P-Reit) Q1 FY15 distribution per unit (DPU) was in line at 23 per cent of our full-year estimate. Recurring income grew 0.7 per cent year on year despite the divestments of seven
        138 words
      • Article
        Lock icon Wilmar International | Buy
        227 8  - Wilmar International Buy Compiled by Kenneth Lim April 29 close: S$3.26 Target price: S$3.50 OCBC Investment Research, April 29 wilmar international Ltd (WIL) recently held its annual general meeting and one of the key themes that management highlighted was Africa... As WIL has invested significant financial and human resources in
        227 words
    • Article
      Lock icon CALENDAR
      40 8 DATA I (April 30) Singapore Business Expectations Singapore Bank Lending Singapore Employment Situation Report I 9.30pm (April 30) US Initial Jobless Claims I 9.30pm (April 30) US Personal Income and Outlays I 9.30pm (April 30) US Employment Cost Index
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    • Article
      Lock icon US dollar down ahead of Fed policy decision
      383 9 CURRENCIES AFP Singapore THE US dollar softened in Asia on Wednesday on expectations that the US Federal Reserve will delay an interest rate hike following fresh data pointing to slowing growth in the world’s biggest economy, analysts said. The greenback fell to
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    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Apr 29 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.961 4.954 0.726 6.193 50.516 103.397 0.951 8.532 2.845 1.037 81.283 35.414 1.055 9.466 0.763 24.363 26.177 0.519 0.799 Canada 1.041 5.155
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      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Apr 29 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0549 1.0554 0.7990 0.7991 Canadian dollar 1.0978 1.0984 0.8317 0.8315 Euro 1.4521 1.4528 1.0998 1.1000 NZ dollar 1.0166 1.0175 0.7700 0.7704 Sterling pound 2.0318 2.0330 1.5389 1.5393
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Apr 29 S$ Bid Offer 1-month 1.3210 1.3214 2-months 1.3216 1.3221 3-months 1.3222 1.3227 6-months 1.3241 1.3246 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        407 9 Apr 29 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.52 *****.25 *****.79 Apr15 *****.00 *****.50 *****.50 *****.85 *****4 *****7 May15 *****.00 *****.00 *****.00 *****.50 *****1 *****1 NIKKEI 225 INDEX FUTURES SPOT *****.65 *****.78 *****.71 Jun15 *****.00 *****.00 *****.00 *****.00 ***** *****3 Sep15
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        210 9 Apr 29 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 3.6 -0.1 6337 1 18 18 DBS MB ECW*****1 13.9 0.8 4853 0.1 2180 6 OCBC Bk MB eCW*****3 9.4 0.9 2281 0.2 1120
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 9 In local curr In S$ In US$ dy yr dy yr dy yr Apr 28 Index Change Change Change Change Change Change World Preliminary 1363.5 -0.3 6.9 -0.8 4.8 0.0 5.4 EAFE Preliminary 1118.2 -0.8 13.3 -1.0 9.0 -0.1 9.6 Europe Preliminary 1562.7 -1.4 13.1
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    • BANK RATES
      • Article
        Lock icon SIBOR
        36 9 Apr 29 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 INTERBANK RATES
        154 9 Apr 29 $S Offer Bid 0vernight 0.04 Par 1-month 0.75 0.625 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.50 US$ Offer Bid 7 days 0.17 0.07 1 month 0.23 0.13 2 months 0.28 0.18 3 months 0.40 0.20 6 months 0.60 0.40 9 months 0.70 0.50 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 9 Apr 29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.51 102.60 102.60 5-Year N*****0H 1.625 01-Oct-19 100.3 100.40 100.35 10-Year NY*****H 3.000 01-Sep-24 106.84 107.25 107.00 15-Year NY*****E 2.875 01-Jul-29 104.92 105.18 105.10 20-Year NZ*****V 3.375 01-Sep-33 110.54
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Apr-28 Price Net change change Last Trade Agricultural Apr-28 CBOT Soybeans (US cents/bu) 977.50 4.50 0.46% 14/05/2015 CBOT Soybean Oil (US cents/lb) 31.23 -0.43 -1.36% 14/05/2015 CBOT Wheat (US cents/bu) 471.50 1.25 0.27% 14/05/2014 Apr-28 LIFFE Cocoa (£/tonne) 1971.00 -9.00 -0.45% 13/05/2015 LIFFE Coffee (US$/tonne) 1741.00 11.00 0.64%
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    • Article, Illustration
      Lock icon Delisting from SGX not on the agenda so far: Ying Li
      650 10  -  China developer says shares at depressed valuations due to market issues, not management issues By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore DESPITE its peers in China trading at far richer valuations, Singapore Exchange (SGX)-listed Chongqing commercial developer Ying Li International
      PHOTOS: ARTHUR LEE  -  650 words
    • CORPORATE DIGEST
      • Article
        Lock icon Jardine Cycle & Carriage
        58 10 Jardine Cycle Carriage jardine Cycle Carriage has reported an 18 per cent drop in net profit to US$178 million for its first quarter. Revenue fell 14 per cent to US$4.02 billion; earnings per share fell 18 per cent to 50.07 US cents. It blamed Indonesia's slower economic growth, depressed commodity
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      • Article
        Lock icon Boustead Singapore
        61 10 BOUSTEAD Singapore has completed the restructuring of its Boustead Projects (BP) unit and spun it off as a separate listed entity on Singapore Exchange from Thursday. And 156.14 million BP shares, or 49 per cent of the outstanding shares, have been distributed to Boustead Singapore shareholders on a
        61 words
      • Article
        Lock icon Broadway Industrial Group
        49 10 BROADWAY Industrial Group has posted a Q1 net profit of S$1.1 million more than five times its earnings of S$207,000 a year ago. This was due to new revenue from its components division’s entry into the mobile segment. Revenue grew 10.1 per cent to S$168.2 million.
        49 words
      • Article
        Lock icon Top Global
        70 10 TOP Global has posted a net profit of S$2.45 million for its first quarter, reversing a net loss of S$677,000 from a year ago. Revenue increased more than six-fold to S$32.15 million, mainly due to the sales of its development properties and contribution from its Indonesia subsidiary on
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      • Article
        Lock icon Singapore Exchange
        76 10 THE total volume of Singapore Exchange’s (SGX) derivatives products jumped to a record 1.8 million on April 27, versus a previous record of 1.6 million set on Jan 27. This was powered by strong trading volumes in SGX FTSE China A50 Index Futures and India-related futures. On April
        76 words
      • Article
        Lock icon Jackspeed Corporation
        33 10 JACKSPEED Corporation has posted a more than four-fold increase in net profit of S$2.3 million for its full year ended Feb 28, 2015. Revenue rose 17.8 per cent to S$40.1 million.
        33 words
      • Article
        Lock icon Kim Heng Offshore & Marine
        53 10 Kim Heng Offshore Marine KIM HENG Offshore Marine has reported a 72 per cent drop in profit to S$1.1 million for its first quarter. Revenue fell 31 per cent to S$16.3 million, due to lower revenue from the offshore rig services and supply chain management segment, as oil prices remained
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      Lock icon Page 6 Advertisements Column 1
      529 6 (Registration Number: *****04) (a business trust registered under the Business Trusts Act, Chapter 31A of Singapore) To: Unitholders of Ascendas India Trust Dear Sir/Madam NOTICE OF BOOKS CLOSURE AND PAYMENT DATE FOR DISTRIBUTION FOR THE PERIOD FROM 1 OCTOBER 2014 TO 31 MARCH 2015 1. Distribution Details We are pleased
      529 words
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      Lock icon Page 6 Advertisements Column 2
      23 6 Milk The Straits Times Recruit for the freshest collection of jobs every day! To advertise, call The Straits Times Recruit Hotline: 1800-289 8822
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  • Page 7 Advertisements
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      821 7 A special feature brought to you by THE TRAFFIC OF SUCCESS I Every one of us is pursuing success, however we define it. The pursuit of success is like travelling on the road, where you see different vehicles and traffic conditions. Some people are moving fast, others are travelling slowly.
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      868 10 The Business Times NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices SUBSIDIARY COMPANIES OVERSEAS OFFICES BRANCHES PT Bank Syariah Mandiri (BSM) Bank Mandiri (Europe) Limited (BMEL) PT Mandiri Sekuritas PT Bank Sinar Harapan Bali (BSHB) PT Mandiri Tunas Finance (MTF) Mandiri International Remittance Sendirian Berhad (MIR) PT AXA Mandiri Financial Services
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  • GLOBAL MEGATRENDS CONFERENCE 2015
    • Article, Illustration
      Lock icon Headwinds on two fronts
      672 11  -  Developments at the US Fed and in Greece should hold investors’ attention over the next year. BY FRANCIS KAN A GREEK exit from the euro and a faster than expected rise in interest rates are among the biggest risks facing the global economy in the next
      672 words
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      Lock icon No compromise required
      413 11 YTL’s MD Francis Yeoh pursues his sustainability goals fearlessly WHILE most companies worry about balancing profitability with moves to build a more sustainable business, this is one issue that does not worry Malaysian businessman Francis Yeoh. The managing director of the YTL Group of Companies is well
      413 words
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      Lock icon Does size matter?
      405 11 Experts debate whether investing in a mega metropolis or a secondary city makes more commercial sense. EVEN as countries around the world build new urban centres to accommodate burgeoning populations, the president of one of the Philippines’ biggest infrastructure players believes that resources can be better spent
      405 words
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      34 11 Is your Private Banker on speaking terms with your Investment Banker? Discover how you can benefit from having Private Banking and Investment Banking integrated under one roof at credit-suisse.com/onebank Credit Suisse I I /O
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  • REAL ESTATE
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      Lock icon Strong interest likely for Toa Payoh housing site
      654 12  -  But Dundee Rd residential site could see cautious bidding given unsold inventory in the area: consultants By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore TWO more residential sites have been released for sale, with consultants expecting a high level of interest for the land
      Source: HDB BT Graphics  -  654 words
    • Article
      Lock icon S’pore to study possible uses for land under viaducts: SLA
      149 12 Singapore THE Singapore Land Authority (SLA) is holding a public consultation to gather feedback on the possible uses for land under viaducts. The consultation by SLA a statutory board with the Ministry of Law looking at the optimisation of land
      149 words
    • Article
      Lock icon Nepal ruin was waiting to happen: expert
      722 12 BLOOMBERG Sydney THE author of Nepal’s little-heeded building code says the earthquake that killed more than 4,300 people and caused at least US$2 billion in economic losses could have been less destructive with better oversight. “They didn’t need this, but it was inevitable,
      BLOOMBERG  -  722 words
    • Article
      Lock icon No takers for Binjai GCB put up for auction by bank
      658 12  -  Potential buyers seem more keen on private negotiations; Golden Mile apartment, Potong Pasir terrace house sold By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore A WIDELY watched auction on Wednesday afternoon by Colliers International did not result in a sale of
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    • Article
      Lock icon Future plans for Mr Lee’s Oxley home to respect its historical value: URA, NHB
      373 12 STRAITS TIMES ONLINE Singapore The Singapore government will not allow the site of the late Mr Lee Kuan Yew’s home to be redeveloped in a way that would diminish its historical significance, said the Urban Redevelopment
      STRAITS TIMES ONLINE  -  373 words
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      Lock icon Wang Jianlin’s more than a developer
      1430 14  -  With his widening global clout, he has emerged as the rare private-sector tycoon in a position to advance Beijing’s interests abroad.BY abroad.BY MICHAEL FORSYTHE NYT Hong Kong HE controls thousands of movie screens around the world, has invested billions of dollars in real estate
      NYT  -  1,430 words
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      Lock icon Mexico City facing office glut after oil dives
      1086 15 At least 10 skyscrapers are under construction in the financial district, which will expand total office space by about 40% in the next three years BLOOMBERG Mexico City THE twin towers of Capital Reforma rise above Mexico City’s priciest district, where monuments
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,086 words
    • Article
      Lock icon Househunt
      1496 15 Property transactions for districts 1 to 25 with contract dates between March 18 and March 24,2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED Marina Bay Suites Apt 20/03/2015 99 2056 4680 2276 People's Park Cplx Apt 23/03/2015
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      42 12 BISHOPSGATE RESIDENCES FOR LEASE RAYMOND LER CEA Reg No. R*****7J 9005-4100 PATRICK AU CEA Reg No. R*****6B CEALic No. L*****26E Co Reg.No. *****4794D AUDREY PHUA CEA Reg No. R*****6Z VICKY WONG CEA Reg No. R*****5B 9710-3522 9693-2344 8180-5208 DEVELOPER’S EXCLUSIVE LEASING AGENT
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      95 12 PRIZED COMMERCIAL SHOPHOUSES OFF VICTORIA STREET 3 adjoining units of 2-storey Conservation Shophouses Located between Victoria Street North Bridge Road Commercial Zoning: NoABSD Foreigners eligible Approved for‘Hotel’ use Land Area: Approx. 4,275 sf Total Floor Area: Approx. 7,9 I I sf Minutes’ walk to Bugis Junction, Bugis+, Bugis Village and
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      63 12 THE CONCOURSE (BEACH ROAD) For Lease: Office •920 1,184/ 1,625/3,897 /6,300 16,264 sq ft From 12,000 to 40,000 sq ft on contiguous floors (Available August 2015) Next to Nicoll Highway MRT Broadband enabled Panoramic Sea View Fringe of CBD Attractive leasing terms Immediate Occupation Hong Fok Group (Tel: 6390 2425/
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      556 13 London EC1 APARTMENTS OF STATURE m m H m —T-5:' n:u. am YOU ARE INVITED TO: Launch of The Atlas Building DATE: Friday 1st May to Sunday 3rd May 2015 St. Regis Hotel, TIME: 11am to 7pm Senator Room (Level 1) LOCATION: St. Regis Hotel, Senator Room (Level 1) from
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      513 14 Japan freehold residential buildings ASKING PRICE JPY 280 mil USD 2.3 mil ltabashi-ku 8-min walk to Oyama station Site Area 311.3 sq m Completed in 1991 22 Units Near Ikebukuro Est. gross yield 7% 4 m > A U ASKING PRICE JPY 480 mil USD 4 mil Saitama-shi Greater Tokyo
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      17 14 20 COLLYER QUAY Excellent Seaview Next to Raffles Place MRT Station 1,001 sq ft 6225 7000I6428 7864
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Barclays sets aside further £800m for forex probe
      536 16 It has now set aside £2.05b to cover any settlement; reports statutory pretax profit of £1.3b, down 26% yoy REUTERS London Barclays set aside another £800 million (S$ 1.6 billion) on Wednesday to cover potential settlements for alleged foreign exchange manipulation, hitting
      REUTERS; PHOTO: AFP  -  536 words
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      Lock icon Australia faces ratings downgrade: analysts
      574 16 Sydney AUSTRALIA risks losing its top credit rating from Standard Poor’s (S&P) for the first time in more than two decades, Goldman Sachs Group Inc said. Plunging commodity prices, weaker economic growth and government difficulties in passing legislation are expected to spur a further deterioration
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    • Article
      Lock icon ECB raises amount of emergency funds available to Greek banks
      388 16 BLOOMBERG Frankfurt THE European Central Bank raised the amount of emergency liquidity available to Greek banks while signalling that access to such funds may become more difficult as bailout talks remain deadlocked. The Governing Council lifted the cap on Emergency
      BLOOMBERG  -  388 words
    • Article
      Lock icon BlackRock warns of emerging market rout after Fed raises rates
      446 16 BLOOMBERG New York THE emerging-market swoon touched off by the so-called “taper tantrum” two years ago is destined to repeat itself, BlackRock Inc says. When the Federal Reserve raises interest rates, the sell-off will be every bit as painful as
      BLOOMBERG  -  446 words
    • Article
      Lock icon Goldman sees gains from US stock buybacks
      570 16 It says investors will benefit as firms exit a blackout period for repurchases next week REUTERS New York INVESTORS will rake in more than US$ 1 trillion in 2015 as US companies increase stock buybacks and boost dividends, Goldman Sachs Group Inc said,
      REUTERS  -  570 words
    • Article
      Lock icon China’s CMBC buys into HK securities firm Quam
      348 16 China’s biggest private lender to pay up to HK$7.5b for controlling stake REUTERS Hong Kong CHINA Minsheng Banking Corp (CMBC), the country’s biggest private lender, said late on Tuesday it’s in talks to invest as much as US$970 million for a controlling
      REUTERS  -  348 words
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      249 17 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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  • ENERGY & COMMODITIES
    • Article
      Lock icon Chinaoil buys record amount of Mideast crude
      423 18 It bought 24 million barrels in April, surpassing the previous high reached in October BLOOMBERG Singapore THE trading unit of China’s biggest energy company bought a record amount of Middle East crude oil supplies this month on a Singapore trading platform, surpassing the
      BLOOMBERG  -  423 words
    • Article
      Lock icon Qatar launches plant to capture wasted gas
      408 18 AFP Doha QATAR officially unveiled on Tuesday what it said is the world’s biggest environmental project, a US$1 billion plant to capture wasted gas. The Jetty Boil-Off Gas Recovery Project (JBOG) will capture enough gas to power 175,000 cars per year or 300,000
      AFP  -  408 words
    • Article
      Lock icon Indonesia coal miners move on as cash runs out
      334 18 REUTERS Jakarta INDONESIAN coal miners are diversifying into other businesses to offset a collapse in demand from China, which has slashed their cash flows to the lowest levels in months. The free cash flow of the 15 biggest coal miners and
      REUTERS  -  334 words
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      Lock icon Rubber set for bull run in China as exporters curb supply
      282 18 BLOOMBERG Tokyo RUBBER in China rose to an eight-month high and was poised to enter a bull market as shrinking inventories in the biggest consumer signal tightening supplies, while top exporters curb shipments to bolster prices. Rubber on the
      BLOOMBERG; PHOTO: BLOOMBERG  -  282 words
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      63 18 Our App cannot tell you how fast you ran, but we certainly can bring you up to speed in no time. DOWNLOAD THE ALL-NEW ASIAONE APP All the top publications in one FREE app. The newAsiaOne mobile app gives you instant access to the latest news, interesting lifestyle features and
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Samsung misses net estimates, loses ground to Apple
      757 19 Company fights back in devices, releasing the Galaxy S6 and S6 Edge to positive reviews and strong demand BLOOMBERG Seoul SAMSUNG Electronics Co’s first quarter profit missed analysts’ estimates as consumers switched to Apple Inc’s larger iPhones and cheaper Chinese devices using
      BLOOMBERG; PHOTO: REUTERS  -  757 words
    • Article
      Lock icon Twitter shares dip on pre-emptive report
      655 19 Financial analytics firm tweets early release of disappointing earnings nearly an hour before scheduled Wall St announcement NYT San Francisco SELERITY, a financial analytics firm, recently released a study about how news events break on Twitter. On Tuesday, however, Selerity made news about Twitter.
      NYT  -  655 words
    • Article
      Lock icon Trailing Netflix and Amazon, Hulu seeks first original hit
      710 19 BLOOMBERG Los Angeles AFTER seven years online and two turns on the auction block, Hulu is looking for its first original hit. The video-streaming service owned by 21st Century Fox Inc, Walt Disney Co and Comcast Corp offers an array of
      BLOOMBERG  -  710 words
  • Page 19 Advertisements
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      1219 19 The Business Times NOTICES ZHONG XIN PHARMACEUTICAL TIANJIN ZHONG XIN PHARMACEUTICAL GROUP CORPORATION LTD (Incorporated in the People’s Republic of China) (Company Registration No.: ***************) NOTICE OF ANNUAL GENERAL MEETING Tianjin Zhong Xin Pharmaceutical Group Corporation Limited will hold its annual general meeting for the financial year ended 31 December
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  • CONSUMER
    • Article
      Lock icon US news industry struggling with shift to mobile: study
      788 20 Digital revenues “remain largely on the wish list” for news organisations, says Pew Research Center AFP Washington THE news industry is struggling with a shift to mobile, getting scant revenues as more readers turn to smartphones and tablets for information, a
      AFP  -  788 words
    • Article, Illustration
      Lock icon Walmart to open 115 new stores across China
      442 20 REUTERS Beijing GIANT US retailer Walmart Stores Inc plans to expand its footprint in China by nearly a third by opening 115 new stores by 2017, the firm’s chief executive said, in a renewed push to lure China’s grocery shoppers despite slowing
      REUTERS; PHOTO: BLOOMBERG  -  442 words
    • Article, Illustration
      Lock icon Kraft Foods Q1 profit falls 16% to US$429m
      364 20 REUTERS London KRAFT Foods Group Inc, which is merging with ketchup maker HJ Heinz Co, on Tuesday reported profit that topped analyst estimates, driven by reduced advertising spending and overhead. But the company missed revenue expectations amid sluggish demand for its meals
      REUTERS  -  364 words
    • Article
      Lock icon Blockbuster cancer treatments give US drugmakers a boost
      552 20 BLOOMBERG New York US drugmakers got a strong start to the year with help from the newest cancer medications, which take advantage of cutting-edge research and have the price tags to prove it. Pfizer Inc, Merck Co and Bris-tol-Myers Squibb Co all
      BLOOMBERG  -  552 words
    • Article
      Lock icon Tyson pledges to stop using human antibiotics to raise chickens in US
      719 20 Producer says it will develop a plan for doing the same in its turkeys, cows and pigs WP Washington ANTIBIOTIC-RESISTANT superbugs are killing thousands of Americans a year. And the meat industry, the biggest breeding ground for these
      WP  -  719 words
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  • TRANSPORT
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      1051 21 The Business Times NOTICES IN THE MATTER OF SECTION 291 OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF SKY FITNESS PTE. LTD. (IN PROVISIONAL LIQUIDATION) (“the Company”) (Co. Reg. No: *****4803H) NOTICE OF APPOINTMENT OF PROVISIONAL LIQUIDATOR NOTICE IS HEREBY GIVEN that Mr. R.S. Ramasamy of M/s.
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Earnings, executions weigh on Indon stocks
      490 22 Jakarta Composite loses 4.3% before closing 2.6% down BLOOMBERG REUTERS Jakarta INDONESIAN stocks fell the most since August 2013 as investors weighed falling corporate earnings and Australia’s warning that the execution of foreign nationals will damage relations. The Jakarta Composite Index plunged as much
      BLOOMBERG; REUTERS; PHOTO: AFP  -  490 words
    • Article
      Lock icon BOT unexpectedly cuts rate after growth forecast reduction
      649 22 REUTERS Bangkok THAILAND’S central bank unexpectedly cut its benchmark interest rate for a second straight meeting, roiling markets already digesting a reduction in the 2015 economic growth forecast. The Bank of Thailand (BOT) lowered its one-day bond repurchase rate by a quarter
      REUTERS  -  649 words
    • Article
      Lock icon Abe sells trade deal to US Congress with war condolences
      540 22 REUTERS Washington JAPANESE Prime Minister Shinzo Abe urged the US government to work closely with his country to finish an ambitious Asia-Pacific trade deal that he said would promote democracy and freedom in the region. In a speech to a
      REUTERS  -  540 words
    • Article
      Lock icon ECB policies take effect as loans to private sector start to grow
      362 22 AFP Frankfurt LOANS to the private sector in the euro area, a gauge of economic health, have started growing again, suggesting that the European Central Bank’s (ECB) monetary policy is beginning to work, ECB data showed on Wednesday.
      AFP  -  362 words
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      Lock icon Currency wars defused amid yuan’s Asia rally
      799 23 BlackRock forecasts Asian currencies will outperform peers in other emerging markets BLOOMBERG Singapore CHINA is helping its Asian neighbours stay out of the global currency wars. Policymakers in the world’s biggest exporter have resisted weakening the yuan as economic growth slows, seeing exchange-rate
      BLOOMBERG  -  799 words
    • Article
      Lock icon China moves to let market play bigger role as economy slows
      553 23 It also aims to integrate its markets with their global counterparts to raise status REUTERS Shanghai TWO-AND-A-HALF years after Beijing pledged to let markets play a “decisive role” in the world’s second-larg-est economy, financial reforms are gathering pace and
      REUTERS  -  553 words
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      Lock icon Taiwan set to leap past fellow Asian tigers for 4th straight quarter
      512 23 BLOOMBERG Taipei TAIWAN is poised to race ahead of its fellow Asian tigers for the fourth straight quarter, as consumers loosen purse strings and companies churn out new iPhones. The island is forecast to report first-quarter economic growth
      BLOOMBERG; PHOTO: BLOOMBERG  -  512 words
  • Page 22 Advertisements
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      1237 22 The Business Times NOTICES ;uc SIIC ENVIRONMENT HOLDINGS LTD. SIIC ENVIRONMENT HOLDINGS LTD. (Company Registration No. *****0042R) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of SIIC Environment Holdings Ltd. (the “Company”) will be held
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      1894 23 The Business Times Ik I 1 I f 1 I 1 Toll free 1800-289-8822 I I I Email noticesiaisph.com.sg I M I I j www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CAPITALAND ILEC PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No.
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      451 23 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BARAKI SPE 2 PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO.*****4765H NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of BARAKI SPE 2 PTE. LTD. deemed to have been duly convened and
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  • OPINION
    • Article
      Lock icon Japan begins unlocking casino market worth US$40b a year
      586 24 EDITORIAL JAPAN on Tuesday finally took the crucial first step towards having casinos after a group of lawmakers from three political parties submitted a bill to Parliament to legalise casino gambling in the world’s third-largest economy. The news would have cheered
      586 words
    • Article
      Lock icon The truth about inflation
      805 24  -  THE BOTTOM LINE By Paul Donovan T The writer is senior global economist at UBS. His latest book The Truth About Inflation was published by Routledge in April 2015 JUST three short months ago, the focus in financial markets was all about deflation. Commodity prices remained
      805 words
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      Lock icon Corporate governance in Muddied Waters
      1586 24  -  From short-sellers to whistle-blowers, to ‘stealth’ cyber attacks, companies today are subject cyber to intense scrutiny and would do well to be prepared.BY prepared.BY LAWRENCE LOH T The writer is deputy head and associate professor of strategy and policy at the National university of Singapore
      1,586 words
    • Article
      Lock icon ‘Knife-edge’ UK election to be decided in Scotland
      1045 25  -  COMMENTARY By Andrew Hammond T The writer is an associate at LSE IDEAS at the London School of Economics, and a former special adviser in the UK government WITH polls indicating that the May 7 UK general election is poised on a
      1,045 words
    • Article
      Lock icon Get executives, entrepreneurs to help steer global economy
      727 25  -  By Mark Gilbert BLOOMBERG VIEW THE Japanese government did something weird last week, but weird in a good way that other governments should follow. It nominated (drumroll) a new member of its central bank (fanfare) who has actually (fireworks) worked in industry
      BLOOMBERG VIEW  -  727 words
    • Article
      Lock icon Under corporate governance code, external auditors required to address shareholders’ queries
      611 25  -  LETTER TO THE EDITOR Mak Yuen Teen I REFER to the letter, “Can shareholders quiz external auditors directly?” (BT, April 28), from Denis Distant. He made reference to my earlier letter, “Noble AGM: Shareholders may not be so supportive
      611 words
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      Lock icon India offers more clarity and certainty for foreign investors
      1060 25  -  It will take a few years to evaluate the overall impact of changes in the budget.BY budget.BY GAGAN MALIK T The writer is international director of the Asia-Pacific Tax Centre at EY. The views in this article are his own and
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    990 26 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Miami V009E 02 May 21 May 06 Jun 14 Jun 15 Jun 16 Jun 21 Jun 22 Jun 25 Jun 25 Jun APL
    990 words
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      210 26 (@(?%{\\"[:%_+@|^-`@><[|,\=.|*` USE THIS SPACE TO SELL CALL JOE WONG AT *****327 TO ADVERTISE /v the business times rri Shipping times Experienced shf p maintenance services wanted. Can they find your services here in the Shipping Times? Tim Business times TO ADVERTISE, CALL JOE WONG AT 9620 1327 Announce Your Corporate
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Talent in a cup of coffee for young local artists
      520 27  -  OWL Coffee Art Design contest ropes in artists from The Little Arts Academy and 10 Square.BY Square.BY PRISCA ANG FOR 15-year-old Muhammad Mustaghfir, art has always been a cup of tea or should we say coffee? It might be no
      PHOTOS: SHAWN TEO  -  520 words
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      Lock icon X30 Challenge Singapore prize pool tops S$150,000
      410 27  -  By Prisca Ang prisang@sph.com.sg Singapore INTERNATIONAL race-karting series X30 Challenge has secured more than S$ 150,000 in sponsorship for its upcoming Singapore event. Contributing to the prize pool is a sum of over S$20,000 in cash prizes put together by title sponsor Optima
      410 words
    • Article
      Lock icon College Board hit by SAT cheating scandals in Asia
      752 27 REUTERS Hong Kong AS students around the world cram for this Saturday’s SAT college entrance exam, many in Asia are poring over old tests in hopes that the College Board will again reuse a test that has leaked ahead of time.
      REUTERS  -  752 words
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      28 27 CAREER MUMS tabla!speaks to women whojuggle motherhood andtheirjobs JOURNEYING WITH KABIR GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL SHAN (*****861) KALWANT (*****327) NISHAL (*****438)
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      Lock icon Page 27 Advertisements Column 2
      56 27 The Premier Platform for Gifts Sourcing IVSGPFair Singapore Gifts Premiums Fair 2015 29-31 JULY 2015 Marina Bay Sands Expo Convention Centre, Singapore www.SGPFair.com EXHIBIT PROFILE Apparels Uniforms Corporate Gifts Premiums Etc. Interested to exhibit? Tel: (65) 6848 5938 Email; SGPFair@bizlink.com.sg Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF
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  • Page 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 1
      343 27 CRYPTIC CROSSWORD Across 1 Graduates rejected a Baltic cruise in time off (10) 6 Slow-moving mice may get snapped up by them (4) 10 Calm retort? (5) 11 It normally has its contents back to front (9) 12 Sort of parade where the innocent align themselves with the guilty (8)
      343 words
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