The Business Times, 5 May 2015

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Microfilm: NL33485
Total Pages: 26
1 26 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 Tuesday, May 5,2015
    24 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    238 1 In his new job as NTUC secretary-general, Chan Chun Sing will strive to make sure workers continue to have good jobs and good pay. TOP STORIES 2 Scottish independence leader Nicola Sturgeon has emerged as an unlikely star of Britain’s unpredictable election race.TOP STORIES 3 China’s factories suffered
    238 words
  • Article
    Lock icon MARKETS
    25 1 Monday Change STI 3,482.70 -4.69 KL COMP CLOSED NIKKEI 225 CLOSED HANG SENG 28,123.82 -9.18 SHENZHEN B 1,463.69 +37.37 DOW (noon EDT) 18,097.59 +73.53
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  • Article, Illustration
    Lock icon Weak output sweeps Asia economies; S’pore PMI hits more than 2-yr low
    813 1  -  Republic’s April PMI shrinks to 49.4; China, Taiwan and S Korea numbers also take a beating By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT POOR purchasing managers’ indices (PMIs) across Asia on Monday pointed to weak regional manufacturing activity in
    Source: Singapore Institute of Purchasing & Materials Management  -  813 words
  • Article
    Lock icon New rules this year for advertisements touting investments
    986 1  -  Case also asks for foreign property ads to be subject to equally stringent rules that govern local real estate By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore BEFORE the year is over, advertisements on investments in financial instruments and properties
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      35 1 Hill 8 '*****1 *****4 FOOD TOGO Berlin-based startup foodpanda gets another US$100m in funding TOP STORIES 3 theSMEmagazine Looking to internationalise? The SME Magazine explores the different resources available. With your issue of BT tomorrow.
      35 words
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      20 1 US-JAPAN TIES Abe’s US visit reinforces historic partnership opinion/ 21 INVESTING Where are the risks and opportunities? INVESTMENT OUTLOOK 13
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      154 1 COST CONCERNS Singapore Indian Chamber of Commerce and Industry on issues facing SMEs SME/24 China April HSBC PMI hits lowest in a year, Page 4 the siEnn SOHO/-/ UNITS i u II 'll I'M II w.?s gjfefe w r r u SIMPLIFIED SOHO LIVING IN BUKIT TIMAH DISTRICT Choose from
      154 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon New labour chief’s goal: good jobs, good pay
      863 2  -  NTUC to tie up with professional bodies to accredit skills of PMETs to help boost their prospects By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore “I DON’T aim to be a champion but if I do the correct things, being the champion is
      PHOTO: SEAH KWANG PENG/ THE STRAITS TIMES  -  863 words
    • Article
      Lock icon New factory orders post largest gain in eight months in March
      291 2 LATEST US DATA REUTERS Washington NEW orders for US factory goods recorded their biggest increase in eight months in March, boosted by demand for transportation equipment, but the underlying trend remained weak against the backdrop of a strong dollar.
      REUTERS  -  291 words
    • Article
      Lock icon Temasek’s part-owned Dunia may be up for sale
      199 2 BLOOMBERG London ABU Dhabi fund Mubadala Development Co and a unit of Singapore’s Temasek Holdings Pte are among shareholders exploring the sale of United Arab Emirates (UAE) consumer finance company Dunia, four people with knowledge of the plan said. The shareholders, which
      BLOOMBERG  -  199 words
    • Article, Illustration
      Lock icon ‘Queen of Scots’ Sturgeon emerges as star of UK election
      509 3 AFP Edinburgh THE steely and polished Scottish independence leader Nicola Sturgeon has emerged as an unlikely star of Britain’s unpredictable election race and could decide who is prime minister after Thursday’s election. Once little known south of the border, Ms
      AFP; PHOTO: REUTERS  -  509 words
    • Article, Illustration
      Lock icon foodpanda takes delivery of another US$100m
      507 3  -  Goldman Sachs leads startup’s second Series E round of funding and will join foodpanda’s advisory board By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SUFFICE to say, food delivery platform foodpanda which made its global debut in Singapore in 2012 has an insatiable appetite. On Monday,
      PHOTOS: FILE, FOODPANDA  -  507 words
    • Article, Illustration
      Lock icon PM Lee hosts Najib to private dinner at start of 2-day visit
      325 4  -  Annual retreat expected to yield update on proposed KL-S’pore high-speed rail By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore PRIME Minister Lee Hsien Loong and his wife Ho Ching hosted Malaysian Prime Minister Najib Razak and his wife Rosmah Mansor
      PHOTO: MINISTRY OF COMMUNICATIONS AND INFORMATION  -  325 words
    • Article
      Lock icon French business school Essec opens new campus here
      358 4  -  By Fiona Lam fionalam@sph.com.sg Singapore FRENCH business school Essec has expanded its presence in Singapore with the official opening of its new Asia-Pacific campus at the One-North district on Monday. The S$40 million, five-storey building, designed by renowned architect Liu Thai Ker,
      358 words
    • Article
      Lock icon HSBC’s China PMI slips to 48.9, its lowest in a year
      616 4 REUTERS Beijing CHINA’S factories suffered their fastest drop in activity in a year in April as new orders shrank, a private business survey showed on Monday, hardening the case for fresh stimulus measures to halt a slowdown in the
      REUTERS  -  616 words
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      Lock icon Page 2 Advertisements Column 1
      117 2 The SME Magazine with your copy of The Business Times tomorrow! IN THIS ISSUE OPTING OUT: SMEs feeling the local market squeeze should find a way out into the global market, that is! CREATING A LARGER FOOTPRINT: 360 Holdings’ Andy Chaw gets his kick by going beyond selling shoes. I
      117 words
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      31 2 2 If you're looking for a landed home with a large enough driveway, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988. Own cars?
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      172 3 More comfort per kilometer. The new C-Class.The best knows no alternative. The well-being you experience when you step into the new C-Class is unmatched. Crafted with a roomier cabin, the new C-Class impresses further with the AIR-BALANCE package that not only ionises the air, but allows you to perfume it
      172 words
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  • Page 4 Advertisements
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      68 4 CRE/rri ''i\ > a jj figi i rl TEC -lipl M P j TSS m IT r\ U w Efli.*. kHi C™. Ewfwie f I M *> i. > i <5* 4 mU m 4 -i >f The muse comes when you least expect it. If you've had that aha
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon QT Vascular assures investors over suit
      382 5  -  CEO: Minimal probability of a permanent injunction against its Chocolate PTA balloon catheter By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore QT VASCULAR has assured investors in an update on the ongoing litigation involving specialty balloon angioplasty company AngioScore Inc during its annual general meeting on
      Source: Bloomberg  -  382 words
    • Article, Illustration
      Lock icon S’pore companies slow pace of share buybacks
      428 5  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE-LISTED companies are buying back their own shares at a slower pace, but market observers are not making much ado about it. A total of 89.1 million shares worth S$51.8 million were bought back by 19 companies
      Source: Singapore Exchange  -  428 words
    • Article
      Lock icon Rajah & Tann named S’pore law firm of the year: Chambers Apac
      473 5  - Rajah Tann named S’pore law firm of the year: Chambers Apac By Prisca Ang prisang@sph.com.sg Singapore RAJAH and Tann (R&T) one of Singapore’s Big Four law firms has been named the Singapore law firm of the year by Chambers Asia-Pacific’s 2015 rankings, marking the second time the firm has clinched
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    • Article
      Lock icon Product mix change lifts Ellipsiz Q3
      503 6  -  Third-quarter profit more than doubles to S$1.24m despite a 22% fall in revenue to S$25.64m By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore SEMICONDUCTOR testing firm Ellipsiz, which was in the news last month when the managing director of Lum Chang Holdings David Lum Kok
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    • Article
      Lock icon Buffett says activists won’t break up Berkshire
      582 6 Company’s market value will be ‘so great’ when he’s no longer in charge BLOOMBERG Seattle WARREN Buffett, the billionaire chairman and chief executive officer of Berkshire Hathaway Inc, said his life’s work won’t be broken apart by activist investors once he’s no longer
      BLOOMBERG  -  582 words
    • CORPORATE DIGEST
      • Article
        Lock icon Swiber Holdings
        64 6 OFFSHORE engineering firm Swiber Holdings has bought back S$0.75 million of its senior perpetual securities on the open market to cancel them, the company said in a Singapore Exchange filing on Monday.Swiber is still left with S$79.25 million of the 9.75 per cent coupon perpetuals. The company also
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      • Article
        Lock icon Pacific Century Regional Developments
        69 6 INVESTMENT holding company Pacific Century Regional Developments said in a Singapore Exchange filing on Saturday that it is not aware of and has not received any proposal related to privatising the company. It is also not aware of any restructuring plan involving it and its units,
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      • Article
        Lock icon Nera Telecommunications
        78 6 NERA Telecommunications said on Monday that chief financial officer Lim Gee Kiat has quit to pursue other opportunities. Mr Lim’s last day will be June 30. The company on Monday also posted first-quarter financial results which showed net profit dropping 33.8 per cent to S$3 million, or 0.84
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      • Article
        Lock icon Riverstone Holdings
        66 6 RIVERSTONE Holdings posted a 68.6 per cent increase in net profit in the first quarter of the year as demand rose for its rubber gloves. Net profit was RM27 million (S$10 million), or 7.28 sen per share, for the three months ended March 31, 2015. Riverstone shares closed
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      • Article
        Lock icon Sing Holdings
        71 6 SING Holdings on Monday warned that it will report a loss for the first fiscal quarter ended March 31, 2015 due to higher sales and marketing expenses and the lack of recognisable revenue from sales of its Waterwoods executive condominium project in Punggol. The property developer’s shares closed
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      • Article
        Lock icon The Stratech Group
        80 6 THE Stratech Group said that it is not aware of any undisclosed information that could explain a surge in its share price on Monday. SGX had earlier sought clarification from the IT and technology solutions company regarding its shares, which rose 36 per cent, or 0.9 Singapore
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    • Article
      Lock icon Monsanto, Syngenta merger will drive M&As
      672 7 BLOOMBERG New York A COMBINATION of Monsanto Co and Syngenta AG would set the stage for even more mergers and acquisitions. Monsanto has approached Syngenta about a takeover that would create a giant in the market for seeds and crop chemicals with more than
      BLOOMBERG  -  672 words
    • Article, Illustration
      Lock icon China’s Fosun to buy Ironshore in US$1.84b deal
      669 7 Fosun unit Mettlesome to combine with ironshore to boost presence in insurance business BLOOMBERG Hong Kong FOSUN International Ltd, the investment arm of China’s biggest closely held conglomerate, is planning a US$1.84 billion merger with Ironshore Inc after buying the shares it
      BLOOMBERG; PHOTO: BLOOMBERG  -  669 words
    • Article, Illustration
      Lock icon Stocks kick off May with soft showing
      707 8  -  STI is mostly in negative territory on Monday before closing 4.7 points lower; interest in penny stocks continues to wane STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index (STI) was pushed up by about 11 points in the final seconds of
      Source: Bloomberg  -  707 words
    • Article
      Lock icon STI STOCKS
      315 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 243 xd -4 247/242 271 219 6 6144.9 CapitaLand 376 cd +7 377/368 379 293 13.8 2.4 *****.1 CapitaMall Trust 218 -1 218/212 228 188.5 5 7564 CityDev 1061 xd -6 1068/1051
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    • Article
      Lock icon MOST ACTIVE
      35 8 VOLUME MDR 93,299,700 StratechGroup 90,636,900 China New Town 69,892,700 IHC 59,761,900 WE 56,575,500 Market volume 1,643,958,000 VALUE Singtel 92,686,313 DBS Grp 67,868,513 CapitaLand 56,341,831 UOB 56,204,055 Keppel Corp 43,496,423 Market value 1 ,039,259,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 May 4 VALUE CLOSE BT OB/OS -415.00 -75.00 BT CADI -*****.00 -96.00 BT 10-day MA -*****.00 -42.00 FTSE ST Mid Cap 798.21 -3.35 FTSE ST Small Cap 503.74 +0.53 FTSE ST All Share 836.59 -1.39 FTSE ST China Top 214.57 +0.71 FTSE ST China 249.63 +2.23 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 May 4,2015 836.59 -1.39 (-0.17%) Current streak 1 day Day high 838.32 Day low 834.89 52-week high 847.98 (Apr 15, 2015) 52-week low 762.71 (Oct 16, 2014)
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      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE Index May 1,2015 1,913.01 -5.39 (-0.28%) Current streak 4 days Day high 1,922.31 Day low 1,907.48 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 8 3 4 0 0 0 8 3 4 Manufacturing 48 62 29 7 9 11 55 71 40 Commerce 16 26 15 2 11 4 18 37 19 Tpt/Stor/Comms 5 24 9
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,022 13,022 66,164 66,164 Manufacturing 230,481 61,293 291,774 93,492 5,329 98,821 Commerce 79,089 100,480 179,569 67,453 2,467 69,920 Tpt/Stor/Comms 162,186 1,892 164,078 183,674 134 183,807 Finance 23,597 1,142 24,739 182,618 331 182,949 Construction 59,878 24,985
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    • Article
      Lock icon GAINERS
      74 8 BY CENTS CLOSE UP 52w high/low JSH USD 3493 66.6 1.5 3810/3233 HongkongLand USD 830 26.6 2.5 836/646 Haw Par Corp 917 23.0 2.6 918/841 DBXT MSINDIA US$ 1029 22.7 1.7 1160/893 Lyxor EastEur US$ 463 12.0 2.0 531/396 BY PERCENTAGE CLOSE UP 52w high/low Ouhua Energy 3 57.9
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    • Article
      Lock icon LOSERS
      76 8 BY CENTS CLOSE DOWN 52w high/low Lyxor Idonesia US$ 8543 -720.7 -6.0 9636/8507 GLD US$ ***** -279.7 -1.8 *****/***** DBXT Vietnam US$ 2443 -36.0 -1.1 3100/2338 DBXT S&P500 US$ 3555 -33.3 -0.7 3626/3097 DBS Grp 2082 -27.0 -1.3 2123/1664 BY PERCENTAGE CLOSE DOWN 52w high/low SembMar MBeCW*****1 0.8 -52.9
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 8 VOL CLOSE($) CHANGE StratechGroup^ 90,636.9 0.034 +0.009 +36.00 PTR ADR US$ 0.05 128.100 -10.440 -7.54 Pan Asian 554.1 0.064 +0.011 +20.76 ChinaKundaTech^ 619.6 0.025 +0.002 +8.70 MDR 93,299.7 0.006 +0.001 +20.00 Ramba Energy 9,024.3 0.360 +0.060 +20.00 China Flexpack 394.5 0.012 -0.005 -29.41 Sitra 7,520.5 0.015 -0.002 -11.77
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    • Article
      Lock icon BROKERS’ TAKE
      466 8  -  Compiled by Teh Shi Ning indofood Agri Resources Hold May 4 close: S$0.715 Target price: S$0.73 CIMB Research, May 3 INDOFOOD Agri Resources’ 1Q15 results were below expectations, as Q1 core net profit only accounted for 13 per cent of our FY15 forecast and 11 per cent of
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    • Article
      Lock icon US dollar extends gains against euro in Asia
      409 9 CURRENCIES AFP Singapore THE US dollar extended gains against the euro in Asia on Monday ahead of the release of a closely watched report on the US labour market, analysts said. The euro bought US$1.1194 in afternoon Singapore trade from US$1.1200 in
      AFP  -  409 words
    • Article
      Lock icon SGX ETFS
      111 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS India US$ US728 +5 299 734/722 1000/636 727/731 91 UETF SSE50China 309 +1 141 310/304 318/140 309/310 96.6 STI ETF 351 -1 41 352/351 355/319 351/352 DBXT MSRussia US$ US224 +4 35 224/224 302/140
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    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 May 4 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.952 4.858 0.702 6.067 49.843 101.751 0.940 8.455 2.788 1.040 79.621 34.910 1.043 9.434 0.734 24.016 26.082 0.517 0.783 Canada 1.051 5.106
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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 May 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0421 1.0430 0.7823 0.7828 Canadian dollar 1.0953 1.0961 0.8226 0.8222 Euro 1.4858 1.4864 1.1154 1.1156 NZ dollar 1.0019 1.0029 0.7521 0.7527 Sterling pound 2.0169 2.0179 1.5141 1.5145
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 May 4 S$ Bid Offer 1-month 1.3328 1.3334 2-months 1.3334 1.3341 3-months 1.3341 1.3348 6-months 1.3362 1.3371 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        389 9 May 4 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.26 *****.57 *****.91 May15 *****.50 *****.50 *****.50 *****.50 6506 *****5 Jun15 *****.00 *****.00 *****.50 *****.00 40 1800 NIKKEI 225 INDEX FUTURES SPOT *****.85 *****.39 *****.16 Jun15 *****.00 *****.00 *****.00 *****.00 ***** *****2 Sep15
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        208 9 Most active May 4 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 3.4 -0.1 4043 1 18 17 DBS MB ECW*****1 11.6 -1.9 2581 0.1 2180 5 KepCorp MB eCW*****1 9 0.3 2571 0.2 930 4
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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 May 1 Index Change Change Change Change Change Change World Preliminary 1347.1 0.3 5.6 0.5 4.5 0.2 4.2 EAFE Preliminary 1095.8 0.0 11.0 0.0 8.0 -0.3 7.8 Europe Preliminary 1533.2 0.1 11.0
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 May 4 $S Offer Bid 0vernight 0.20 0.10 1-month 0.75 0.625 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.60 US$ 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 9 May 4 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.***** S0lll’C9.' Thomson R9LIf9l’S
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      • Article
        Lock icon GOVERNMENT SECURITIES
        65 9 May 4 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.38 5-Year N*****0H 1.625 01-Oct-19 100.05 100.15 100.05 10-Year NY*****H 3.000 01-Sep-24 105.86 106.05 105.90 15-Year NY*****E 2.875 01-Jul-29 103.69 20-Year NZ*****V 3.375 01-Sep-33 108.97 108.95 108.95 30-Year NA*****N
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        192 9 May-1 Price Net change change Last Trade Agricultural May-1 CBOT Soybeans (US cents/bu) 968.50 -10.00 -1.02% 14/05/2015 CBOT Soybean Oil (US cents/lb) 31.44 -0.07 -0.22% 14/05/2015 CBOT Wheat (US cents/bu) 470.00 3.00 0.64% 14/05/2014 May-1 LIFFE Cocoa (£/tonne) 1974.00 -18.00 -0.90% 13/05/2015 LIFFE Coffee (US$/tonne) 1732.00 -20.00 -1.14%
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      • Article
        Lock icon PALM OIL
        57 9 May 4 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 15 2062.0 2070.0 2080.0 2058.0 66 997 Jun 15 2099.0 2105.0 2110.0 2095.0 980 ***** Jul 15 2097.0 2102.0 2108.0 2092.0 ***** ***** Aug 15 2098.0 2103.0
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      171 5 'Am gi i iM MBFC TOWER 2 PSA BUILDING SIX BATTERY RD Bi' SUNTEC TOWER 3 1 THE METROPOLIS SINGAPORE’S FINEST SERVICED OFFICES Fully furnished prestigious offices Business registration offices available Dedicated receptionist answering your calls the way you would like Meeting rooms, bilingual secretaries Global IT infrastructure 5 days
      171 words
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      Lock icon Page 5 Advertisements Column 2
      150 5 AccountServe A Stone Forest Company Globally Connected RSM International Stressed Over Annual with ACRA and IRAS I Get quick and reliable help today! One stop convenience with customised solutions Team of professionals with over 25 years of experience I www.AccountServe.com.sg info@accountserve.com.sg T +65 6222 6868 With the world’s No.1 CFD
      150 words
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      610 6 Formula For Workplace Success: Dress Right, Influence Positively, Reach Out Optimally Who should attend: Managers, Directors, Business Owners, Sales Professionals and Executives. FULL-DAY WORKSHOPS Brain-Influencing Secrets To Trigger 'Yes' Responses In People In the past 10 years, scientific discoveries have uncovered new communication keys one can use to appeal to
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      359 7 PINNACLE NOTES SETTLEMENT U DEADLINE TO FILE CLAIMS 2 JUNE 2015 ATTENTION ALL PINNACLE NOTES INVESTORS: A S20 million (USD) settlement has been reached in a class action lawsuit on behalf of purchasers of Pinnacle Notes. If you purchased Pinnacle Notes Scries 1, 2, 3, 6, 7, 9 and/or 10
      359 words
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      Lock icon Page 7 Advertisements Column 2
      76 7 INTERNATIONAL TENDER SALE CLOSING Make Robertson and Caine Model Leopard 51 Power Catamaran Year Built 2013 Engines Twin John Deere diesel engines Length 15.5 metres (51 feet) Tender Closing 11 May, 4 pm Venue: Republic Of Singapore Yacht Club, 52 West Coast Ferry Road Singapore *****7 VIEWING STRICTLY BY APPOINTMENT
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  • REAL ESTATE
    • Article, Illustration
      Lock icon China’s Caribbean plans muddled by delays in US$3.5b Baha Mar resort
      1168 10 Resort misses peak travel season as disputes between builder China Construction America and izmirlian family become a public sparring match BLOOMBERG Santo Domingo, Dominican Republic THE US$3.5 billion Baha Mar luxury resort in The Bahamas, long a dream of
      BLOOMBERG; NYT FILE PHOTO  -  1,168 words
    • Article
      Lock icon Palma to build seafront residential community
      294 10 BLOOMBERG Dubai PALMA Development, a private-ly-owned developer, plans to build a seafront residential community on Dubai’s Palm Jumeirah man-made island, according to its chief executive officer. The 1.5 billion dirham (S$543 million) project will include 250 apartments in three buildings that utilise just 25
      BLOOMBERG  -  294 words
    • Article, Illustration
      Lock icon Prices of US private residence clubs, fractional projects slow to recover
      1167 11 Their prices are still down 25-30 per cent from the peak years of 2004-07 NYT New York SEVEN years after prices for private residence clubs and other fractional developments collapsed, the value of a small slice of paradise is
      NYT; PHOTO: NYT  -  1,167 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      213 10 En Bloc Sale of Thong Sia Building 30 Bideford Road opp The Paragon Freehold 26-storey tower with naming rights Landmark location 150 m to Orchard Road Corner plot; Land: 21,602 sf GFA: 156,303 sf Suitable for refurbishment or redevelopment 62,520 sf Commercial great for retail/medical* 93,780 sf Residential ideal for
      213 words
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      Lock icon Page 10 Advertisements Column 2
      399 10 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988 FREEHOLD LUXURY RESIDENTIAL BLOCK FOR SALE JlL CUSHMAN WAKEFIELD Estate Agents Licence No: L*****33E I 5S i Opportunity to acquire 100% interest
      399 words
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  • Page 11 Advertisements
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      79 11 Australian Property Finance Have you recently bought an Australian property and need a loan to complete the transaction? Already own and want to ensure you have the best loan? CONTACT SPECIALIST MORTGAGE HERE IN SINGAPORE FOR FREE IMPARTIAL ADVICE TO REVIEW ALL OF YOUR OPTIONS. Web www.smats.net Email smats@smats.net 10
      79 words
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      354 11 London Zoo Lord's Cricket Ground Oxford Street The BT Tower Canary Wharf Regent’s Park Tower Bridge Paddington Recreation Ground 30 St Mary’s Axe (The Gherkin) Tate Modern The Shard 1 London Bridge ARGO HOUSE m 4 -in SiI I (It! HiHj |M 5 ’'■1 F 1 I Exhibition Launch Saturday
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon China rally sends record inflow to H-share ETFs
      831 12 Hang Seng H-Share Index Fund lured HK$20.5 billion in April BLOOMBERG New York AN unprecedented amount of money is flowing into the largest ex-change-traded funds that track Chinese companies listed in Hong Kong as investors bet the biggest rally in more than
      BLOOMBERG; PHOTO: REUTERS  -  831 words
    • Article
      Lock icon World Bank’s pension investments clash with principles
      1002 12 REUTERS Washington THE World Bank indirectly invests part of its US$18.8 billion staff pension fund in companies in industries such as coal and tobacco, holdings that clash with the development institution’s own calls for ethical and low-car-bon investing. In an internal post to
      REUTERS  -  1,002 words
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      274 12 and Interest rates rises have historically caused volatility in capital, investment and asset markets. How will equities, bonds, commodities and currencies react to this upcoming interest rate rise? Will HK H shares and China A shares continue to soar? How will higher interest rates affect the AH premium equilibrium? byGabriel
      274 words
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      220 12 Wholesale Investor and ShareInvestor are proud to host the Singapore Capital Expo and Small Cap Showcase 2015. With our partners Bloomberg, SGX, PwC, DLA Piper, NZTE and AusBiotech, we will bring together up to 500 high net worth, professional and international investors, executives, brokers, fund managers, media and industry participants
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      14 12 www.omy.sg eh MV /QA El la i± i i 1 1 s SCANS 0
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  • INVESTMENT OUTLOOK
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      Lock icon Where the risks and opportunities are
      3433 13 LEADING equity markets are touching all-time highs and bond yields record lows while warnings are being sounded that investors are “flying too close to the sun” which could melt their wings and send them crashing to earth. BT asked its panel of international financial
      PHOTO: BLOOMBERG  -  3,433 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Traders bet on further rise in prices of cocoa
      640 14 Chicago SPECULATORS are adding to bullish cocoa wagers at the fastest pace in two years as dry weather threatens crops in parts of West Africa, the source of 70 per cent of global supply. About a fifth of the growing regions
      PHOTO: REUTERS  -  640 words
    • Article
      Lock icon Hedge funds cut long positions on oil just as prices rise
      741 14 Drop in supply pushes prices to highest this year, but stockpiles still ample BLOOMBERG New York SPECULATORS cut their bullish position on oil for the first time in five weeks, just as a drop in supply at the biggest
      BLOOMBERG  -  741 words
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      2302 14 The Business Times Ik I 1 I /“I I 1 Toll free 1800-289-8822 I I Email notices@sph.com.sg J J i j L J www.sphclass.com.sg/notices (Public Shareholding Company incorporated in Kuwait) Head Office: Abdullah Al-Ahmed Street P.O. Box 95, Safat ***** Kuwait Consolidated Statement of Financial Position As at 31 December
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  • TECHNOLOGY
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      Lock icon Startups take on Google in mobile search
      923 15 Search business ripe for overhaul as people use mobile phones differently from desktop PCs NYT San Francisco EUROPE’S competition regulator filed antitrust charges against Google on the belief that the company’s search business had become so powerful that it was pretty much impossible
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    • Article
      Lock icon Microsoft founder Paul Allen looks back and to the future
      746 15 He likes Windows 10, says augmented reality headset Hololens needs more time NYT Seattle LOOKING at Microsoft’s sprawling product line and 118,000 or so employees, it is easy to forget the company started with one modest product made by two
      NYT  -  746 words
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      Lock icon Apple-Samsung’s warming relationship threatens rivals
      879 15 BLOOMBERG San Francisco THE technology industry’s greatest rivalry may be turning into an unstoppable collaboration. Relations between Apple and Samsung Electronics appear to be thawing since the war waged by Steve Jobs forced these one-time corporate comrades to end lucrative supply contracts and engage in
      BLOOMBERG  -  879 words
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      282 15 Z20t 12.5" Detachable Ultrabook™ with 17.4 Hour Battery Life* ir-: o i. redact award 2015 winner DETACHABLE Toshiba recommends Windows. Toshiba Digitizer Pen Included (Certifed by Wacom) ULTRAPORTABLE rE=T\ Complete Connectivity to a wide range of devices Micro HDMI {on Tablet) VGA HDMI (on Keyboard) For Corporate Reseller Corporate Inquiries,
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  • CONSUMER
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      Lock icon Long-term investors look past fall in Macau casino stocks
      625 16 Their faith in long-term gambling demand from mainland is unshaken REUTERS Hong Kong MACAU casino stocks have lost as much as half their value over the past year as China’s anti-corruption crackdown scares away wealthy VIP punters, but some investors say
      REUTERS; PHOTO: BLOOMBERG  -  625 words
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      Lock icon Shopping site Jet promises lowest prices online
      825 16 WP Montclair, New Jersey MARC Lore learned plenty during the six years he spent building his last start-up, Quidsi, into a booming e-com-merce business that Amazon bought in 2011 for more than a half a billion dollars. Most important, he said, was the
      WP  -  825 words
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      69 16 J*. 0 ft 9 1 T f -i 1 I P i 4 4 Si I THE UNTRODDEN GASTRONOMIC WVTH FASCINATES ME. I HUNGER -imrmrmmm AND I TAKE PLEASURE IN TRANSLATING THEM INTO ENSORIAL STORIES THAT FEED THE MINDS OF READERS. Rebecca Lynne Tan FOOD CORRESPONDENT THE STRAITS TIMES, LIFE!
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Seeking global role, China presses Europe in diplomatic push
      852 18 Beijing launches offensive to move Sino-European relations beyond trade and raise the country’s international profile REUTERS Brussels SEIZING on the 40th anniversary of diplomatic ties, Beijing has launched a diplomatic offensive to move Si-no-European relations beyond trade and raise China’s international
      REUTERS  -  852 words
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      Lock icon China offers Taiwan conditional equal talks
      463 18 REUTERS Beijing CHINESE President Xi Jinping offered the head of Taiwan’s ruling Nationalist Party on Monday “equal” talks to resolve their political differences, but only if Taiwan accepts it is part of China, a concept many Taiwanese baulk at. Mr Xi, in his role
      REUTERS; PHOTO: AFP  -  463 words
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      Lock icon Indonesia’s annual inflation gains pace in April
      691 18 XINHUA BLOOMBERG Jakarta INDONESIA’S inflation accelerated at a faster pace in April which might lead the central bank to keep its benchmark interest rate unchanged this month as the country’s economic growth forecast slowed in the first quarter amid weakening rupiah. The national
      XINHUA; BLOOMBERG; PHOTO: BLOOMBERG  -  691 words
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      Lock icon India’s manufacturing growth slows in April on weaker demand: survey
      310 18 REUTERS Mumbai INDIAN manufacturing growth eased in April as domestic demand softened, despite factories cutting prices for the first time in nearly two years, a business survey showed on Monday. Falling inflation and a slowing manufacturing industry would reinforce expectations
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      Lock icon Pension, labour disputes dog Greek talks as cash dwindles
      639 18 REUTERS Athens WIDE differences over pension and labour reforms continued to dog intensive negotiations between Greece’s leftist government and its international creditors despite progress in other areas as the country’s cash position becomes increasingly critical. Government spokesman Gabriel Sakellaridis sounded the
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      Lock icon Sinking wages and global labour glut: US needs to get schooled
      1048 19 A lack of basic skills may prevent Americans, especially young adults, from competing for better-paying jobs BLOOMBERG Washington THE long-sought rise in American wages is being suppressed by a global labour glut that is undermining policy makers’ efforts to
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,048 words
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      Lock icon US Treasury’s bid to avoid debt-sale surprises made trickier by Fed
      786 19 BLOOMBERG Washington THE US Treasury Department’s debt-man-agement unit likes sticking to one rule: Don’t surprise the market. The Federal Reserve is about to make that task trickier. For years, the US central bank has been the Treasury’s best customer,
      BLOOMBERG; PHOTO: BLOOMBERG  -  786 words
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      Lock icon Norway’s wealth fund receives less cash as oil prices dip
      264 19 BLOOMBERG New York WHAT happens to a wealthy, oil-reliant nation when crude prices collapse and unprecedented monetary easing threatens to scupper returns for its sovereign wealth fund? Yngve Slyngstad, who manages Norway’s US$900 billion wealth fund, has said many times
      BLOOMBERG  -  264 words
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      1183 19 DBS BANK LTD. (Incorporated in the Republic of Singapore) Company Registration No. *****0306E (“the Company”) NOTICE OF CLOSURE OF BOOKS FOR S$ 800,000,000 4.7% NON-CUMULATIVE PREFERENCE SHARES (“PREFERENCE SHARES”) Notice is hereby given that the Share Transfer Books and Register of Preference Shareholders will be closed on Thursday, 14 May
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  • OPINION
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      Lock icon US and Japan have big differences to resolve to make TPP a reality
      535 20 EDITORIAL IT wouldn’t be an exaggeration to describe Japanese Prime Minister Shinzo Abe’s visit to Washington last week, the first by a Japanese PM in nine years, as “historic” and not only because it’s taking place in
      535 words
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      Lock icon What will follow China’s ‘great leap forward’ in science?
      705 20  -  THE BOTTOM LINE By Robert J Samuelson THE WASHINGTON POST WRITERS GROUP NO COUNTRY can be a global power without an engineering and scientific base. It’s necessary to run modern factories, develop new products, analyse and deal with complex social problems
      THE WASHINGTON POST WRITERS GROUP  -  705 words
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      Lock icon ADB to boost financial firepower, efficiency
      1698 20  -  Using leveraging to create a bigger equity base for the bank will allow annual loan commitments and grants to rise to US$20b from US$13b now.BY ANTHONY ROWLEY now.BY ANTHONY ROWLEY FINANCIAL leveraging is the name of the game so far as Asian Development Bank
      PHOTO: AFP  -  1,698 words
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      Lock icon Asean Economic Community needs higher transparency
      969 21  -  COMMENTARY By Sanchita Basu Das T The writer is an ISEAS fellow and lead researcher (economic affairs) at the ASEAN Studies Centre, ISEAS, Singapore IN THE recently concluded 26th Asean Summit, it was noted that there has been substantial progress in implementing the AEC
      969 words
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      Lock icon Pre-election Britain: a new riddle for Europe
      547 21  -  By Thomas Kielinger T The writer has been London correspondent since 1998 of the German daily Die Welt. A former editor-in-chief of the German weekly Rheinischer Merkur, he is an acclaimed author, including most recently of biographies of Queen Elizabeth II and Winston
      547 words
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      Lock icon Abe’s US visit reinforces a historic partnership
      1509 21  -  It has sealed Japan’s place as a staunch ally central to the geostrategic concept of an American “pivot” to East Asia though question marks still remain over TPP By Leon Hadar AS Japanese Prime Minister Shinzo Abe concluded his historic visit to Washington
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  • TRANSPORT
    • Article, Illustration
      Lock icon GM set to storm India as S Korea costs climb
      829 22 Firm’s plans mirror moves by Ford Motor and Nissan Motor to modify their strategies to give them the ability to ramp up exports from India REUTERS New Delhi GENERAL Motors aims to grab at least 5 per cent market share
      REUTERS; PHOTO: BLOOMBERG  -  829 words
    • Article
      Lock icon Emirates to introduce new first-class cabin later this year
      358 22 BLOOMBERG Dubai EMIRATES, the world’s biggest airline on international routes, said that it will introduce a first class cabin that allows more privacy at “commercially viable” rates, following the success of premium suites on its super jumbos. The product will initially
      BLOOMBERG  -  358 words
    • Article
      Lock icon SHIPPING TIMES
      1000 23 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville Hammonia America V .7E 09 May 21 May 06 Jun 14 Jun 15 Jun 16 Jun 21 Jun 22 Jun 25 Jun 25 Jun Hammonia America V.7E
      1,000 words
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      244 22 M V a STJOBS brings you great opportunities in RETAIL MERCHANDISING RETAIL AREA MANAGER ESTABLISHED TELECOMMUNICATION COMPANY REQUIREMENTS: Minimum Diploma. At least 3 years of experience in retail industry as Area Manager. 0 0 *5 a 0 0 ASSISTANT RETAIL MERCHANDISER HIGH-END LUXURY RETAIL COMPANY REQUIREMENTS: Minimum Diploma in Retail
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      238 23 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES Shipping times Experienced sh;’p maintenance services wanted. Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 Publicise Your Del iver y O
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  • SME
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      Lock icon SICCI ready to tackle SME issues
      1018 24  -  The Singapore Indian Chamber of Commerce and Industry is also looking at developing closer ties with other trade groups.BY groups.BY MINDY TAN tanmindy@sph.com.sg @MindyTanBT THE Singapore Indian Chamber of Commerce and Industry (SICCI) is no stranger to fighting fires and managing a shoestring budget.
      PHOTO: ARTHUR LEE  -  1,018 words
    • Article
      Lock icon Importance of seeing the world in shades of grey
      965 24  -  Many individuals cannot integrate the positive and negative qualities of the self, splitting the world into friends and enemies.BY COMMENTARY enemies.BY MANFRED KETS DE VRIES T The writer is the Distinguished Professor of Leadership Development Organisational Change at insead and The
      965 words
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  • EMERGING ENTERPRISE 2015
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      Lock icon Infocomm technology use hasn’t caught on among SMEs
      1076 25  -  There is a misconception that using ICT involves high capital investments and recurring costs, says Singtel’s vice-president of business sales. BY JACQUELYN CHEOK BY JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT A YEAR ago, Titus Yong, vice-president of business sales at Singtel, championed in this
      Mr Yong (left)  -  1,076 words
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      116 25 THE BLUEPRINT FOR Competitive "'M Resilience Unique Value Proposition Businc Strong Managi People ment St ss Vision Scalability Of Business etegy With up to S$1.6m worth of prizes, you’ll have the support you need to realise your busihess plans. Applications close on June 9,2015. Apply today at www.EEaward.com Emerging Enterprise
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  • LIFE & CULTURE
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      Lock icon London’s landmarks boost city’s rise as film studio hub
      701 26 Tax breaks lure filmmakers; 50 crews shoot on the city’s streets each day BLOOMBERG London BRITISH film production soared 35 per cent to almost £1.5 billion (S$ 3 billion) during 2014 as tax breaks lured stars from Tom Cruise to Scarlett
      BLOOMBERG; PHOTO: KOH BENG LIANG  -  701 words
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      Lock icon Dave Goldberg was the signature male feminist of his era
      953 26 NYT New York EVEN as a high school student, Dave Goldberg was urging female classmates to speak up. As a young dotcom executive, he had one girlfriend after another, but fell hard for a driven friend named Sheryl Sandberg, pining
      NYT; PHOTO: REUTERS  -  953 words
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      Lock icon Tiger Woods, Olympic skier Lindsey Vonn break up
      367 26 REUTERS San Francisco PRO golfer Tiger Woods and US Olympic skier Lindsey Vonn have broken up after a nearly three-year relationship, the pair said. Vonn, 30, used her Facebook page to announce the split before Woods confirmed it on his website. “After
      REUTERS; PHOTO: AFP  -  367 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      356 26 CRYPTIC CROSSWORD Across 1 10 Across Dodgy fee I’m to arrange somehow for conciliatory political initiative (4,6,9) 6 I love joining army for a scrap (4) 9 Report of one having a high life ironically (5) 10 See 1 Across 12 NT character stirred up by Paul’s petition (7,6) 14
      356 words