The Business Times, 13 May 2015

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Microfilm: NL33485
Total Pages: 28
1 28 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 qah A SINGAPORE PRESS HOLDINGS PUBLICATION wvvw.businesstimes.com.sg [3 D@BTBreakingnews CO REGN NO ’l*****868E MCI (P) 051/08/2014 Wednesday, May 13,2015
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  • Article
    Lock icon DAILY DIGEST
    159 1 The financial plight of 1MDB is set to deepen, as lenders of a US$975 million syndicated loan led by Deutsche Bank plan to ask the firm to pay up. TOP STORIES 3 The Australian government unveils a budget that it says will support small businesses and promote jobs
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  • Article
    Lock icon Don’t make golf clubs take a sad stroll to finishing hole
    863 1  -  The authorities should provide more clarity on land use plans to those that could be affected some years down the road. By Ven Sreenivasan COMMENTARY road.By Ven Sreenivasan Members of jurong Country Club (JCC) were shocked on Monday afternoon
    863 words
  • Article, Illustration
    Lock icon Singapore tackles skills gap in cyber security sector
    1384 1  -  In a parallel strategy, it is developing into a regional hub to attract specialists and build up knowledge and expertise By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore THE digital super highway that’s coming up in Singapore, as part of the Smart Nation
    PHOTO: BLOOMBERG  -  1,384 words
  • Article
    Lock icon MARKETS
    28 1 MARKETS Tuesday Change STI 3,442.33 -28.47 KL COMP 1,798.61 -6.88 NIKKEI 225 19,624.84 +3.93 HANG SENG 27,407.18 -311.02 SHENZHEN B 1,490.11 +3.09 DOW (11.45am EDT) 18,076.30 -28.87
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  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      18 1 8 "*****1 *****4 SHOPHOUSE SALE Corner block on New Bridge Road goes for S$18.5 million REAL ESTATE 11
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    • Advertisement
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      90 1 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD■BEST IN OVERALL REDESIGN■ INTERVIEW More regionally driven growth needed, says IMF director OPINION 25 SKILLSFUTURE Evolving logistics sector calls for new skill sets top stories 2 GLOBAL STOCKS Time for correction? exec money 27 URBANISATION WILL CHANGE FUTURE PLANS. DO YOU HAVE TOMORROW’S
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  • TOP STORIES
    • Article, Illustration
      Lock icon Evolving logistics sector calls for new skill sets
      847 2  -  People who are IT savvy and have critical soft skills will be highly sought after, say industry players SkillsFuture By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore WITH the rising popularity of e-com-merce and the complexity of the supply chain network, employees in the
      FILE PHOTO  -  847 words
    • Article
      Lock icon Int’l trading course at NTU to train high-quality traders
      448 2  -  Programme set up by IE S’pore, NTU and 5 industry partners to grow talent pool By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SINGAPORE’S talent pool in the trading sector is becoming a competitive advantage, said Minister for Trade and Industry Lim Hng
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    • Article
      Lock icon Deutsche-led group in talks over US$975m 1MDB debt
      667 3  -  If lenders seek repayment leading to default, it will trigger cross default on rest of RM42b borrowings By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore THE financial plight of the debt-laden 1 Malaysia Development Bhd (1MDB) is set to deepen, as jittery lenders of
      667 words
    • Article, Illustration
      Lock icon London, S’pore ‘can serve Asia’s insurance needs’
      540 4  -  MAS MD Ravi Menon says London has expertise, and S’pore, knowledge of and proximity to Asian markets By Claire Huang huangjy@sph.com.sg @ClaireHuangBT INTERNATIONAL financial centres outside Asia such as London, with the enormous breadth of their markets, depth of financial expertise and connectivity
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    • Article, Illustration
      Lock icon Baker Tilly TFW opens Asean Resource Centre
      474 4  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore HOMEGROWN accountancy firm Baker Tilly TFW has set up a resource centre in its North Bridge Road premises for its Asean partner firms particularly those in Malaysia, Indonesia, Thailand and the Philippines to collaborate on regional work.
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    • Article, Illustration
      Lock icon Greece fends off ECB reckoning with European progress report
      884 4 Finance minister says Greece is serious on policies in face of a default BLOOMBERG REUTERS Brussels GREECE handed the European Central Bank (ECB) an excuse to maintain the life support for its financial system by persuading its sceptical Ger-man-led creditors that
      BLOOMBERG; REUTERS; Source: Open Europe BT Graphics: Simon Ang & Jennifer Chua  -  884 words
    • Article, Illustration
      Lock icon Australia unveils budget to counter hit from commodities
      715 4 Move would support small businesses and promote jobs growth AFP Canberra THE Australian government on Tuesday unveiled a budget it said would support small businesses and promote jobs growth as it sought to stimulate a flagging economy hit by slumping commodity prices.
      AFP; PHOTO: BLOOMBERG  -  715 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
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      217 3 SinGAPORE AIRLIHES A great way to fly s f. J 1 m like never before a s>> All-in, return Bangkok SGD All-in, return 1,028 Tokyo SGD All-in, return 3,168 Sydney SGD All-in, return 3,778 London SGD 5,938 All-in, return San Francisco SGD 6,088 For a limited period, enjoy special Singapore
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  • COMPANIES & MARKETS
    • Article
      Lock icon SIA expected to unveil better Q4 results
      563 5  -  Analysts see boost to profits from reduced fuel costs and lower hedging losses By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore A BETTER performance could be on the cards for Singapore Airlines (SIA), when it reports its fourth-quarter and full-year results on Thursday, aided in
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    • Article
      Lock icon SIAEC posts 36.5% drop in Q4 profit
      295 5  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SIA Engineering Company’s (SIAEC) net profit fell 36.5 per cent year on year to S$41.4 million for the fourth quarter ended March 31, 2015 in line with lower revenue. Revenue declined 11.3 per cent to S$276 million
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    • Article
      Lock icon Mixed showing by firms in Sinar Mas Group
      485 5  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore GOLDEN Agri-Resources net profit fell sharply by 84 per cent to US$ 17.2 million in the first quarter ended March 2015 from US$104 million a year ago due to softer crude palm oil prices and lower
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    • Article
      Lock icon Rotary’s Q1 profit halved to S$7m as revenue falls
      281 5  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore ROTARY Engineering’s net profit halved to S$7.07 million for the first quarter ended March from S$ 14.4 million a year ago. The oil and gas services firm’s revenue fell 55 per cent over the period
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    • Article
      Lock icon Clipped office rents may herald structural change in demand
      914 6  -  HOCK LOCK SIEW BY KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT THE Business Times reported last week that several property consultants are lowering their forecasts for CBD Grade A office rental growth this year. his was triggered by weak-er-than-expected leasing demand for office space
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    • Article
      Lock icon UOL’s Q1 net profit falls 39 per cent in the absence of one-off gain
      573 6  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore UOL Group’s net profit for the first quarter ended March 31 slid 39 per cent to S$74.2 million due to the effect of a one-off gain from the sale of
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    • CORPORATE DIGEST
      • Article
        Lock icon Frasers Centrepoint
        87 6 FRASERS Centrepoint is offering seven-year bonds of up to S$200 million at par to yield 3.65 per cent. Of the total, it is selling S$150 million to the public and S$50 million to institutional investors. The issuer may cancel the offering if it receives orders of less than
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      • Article
        Lock icon Koh Brothers
        52 6 REAL estate group Koh Brothers' first-quarter net profit dipped marginally year-on-year to S$4.71 million from S$4.73 million. Earnings per share (EPS) stood at 1.12 cents, while net asset value (NAV) was 57.22 cents per ordinary share. No dividend has been proposed. The counter closed at 34 cents on
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      • Article
        Lock icon Yongnam
        57 6 CONSTRUCTION firm Yongnam Holdings turned around its loss to a net profit of S$733,000 for the first quarter ended Mar 31, 2015. This was despite revenue slipping 8.2 per cent year-on-year to S$65.9 million. EPS stood at 0.06 cents, while nav was 23.72 cents per share. Yongnam closed at
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      • Article
        Lock icon Guocoleisure
        65 6 GUOCOLEISURE swung back from a loss to a net profit of US$4.4 million for its third quarter ended Mar 31, 2015, despite revenue falling 14.5 per cent to US$77.4 million. EPS for its Q3 stood at 0.4 US cents, while nav was 83 US cents per ordinary share. No
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      • Article
        Lock icon YHI International
        53 6 AUTOMOTIVE manufacturer YHI International posted an 8.4 per cent rise in Q1 net profit to S$2.1 million. Revenue climbed 7.9 per cent to S$130 million. EPS stood at 0.36 Singapore cents, while NAV was 43.63 cents per ordinary share. YHI's counter closed at 20 cents on Tuesday, down
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      • Article
        Lock icon CNMC Goldmine Holdings
        50 6 CNMC’s Q1 net profit rose 56.6 per cent to US$1.98 million, as revenue jumped 53.4 per cent to US$7.85 million. EPS stood at 0.48 US cents, while NAV was 6.65 US cents per ordinary share. No dividend was proposed. CNMC closed at 26.5 cents on Tuesday, unchanged.
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    • Article
      Lock icon Thakral Corp posts Q1 loss and drop in revenue
      433 6  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore MAINBOARD listed Thakral Corp turned in a net loss of S$ 3 5 8,000 for the first quarter ended March 31, 2015, versus a profit of S$ 172,000 a year ago, as revenue fell on
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    • Article
      Lock icon SingPost Q4 profit down 51.6% at S$38.5m
      535 6  -  By Fiona Lam fionalam@sph.com.sg Singapore SINGAPORE Post (SingPost) on Tuesday posted a 51.6 per cent fall in net profit from S$79.6 million a year ago to S$38.5 million for its fourth quarter ended March 31, 2015. The decrease was due to SingPost changing
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    • Article
      Lock icon SBS Transit Q1 profit up 44.6% to S$4.8m
      412 6  -  By Samuel Ee samuelee@sph.com.sg Singapore HIGHER average fare and ridership, plus lower energy costs, helped SBS Transit’s net profit for the first quarter ended March 31 grow 44.6 per cent to S$4.8 million. First-quarter revenue climbed 10.9 per cent to S$247.2 million
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    • Article
      Lock icon Noble Agri appoints new CEO
      284 6  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore NOBLE Agri, the agribusiness unit of embattled commodity trader Noble Group and Chinese state-owned firm Cofco Corporation, has poached the president of the oilseeds business unit of Archer Daniels Midland (ADM) to be its new chief executive officer.
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    • Article
      Lock icon ASL Marine Q3 profit slumps
      328 7  -  Its earnings plummet 65.7% from previous year to S$1.94m on industry downturn By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore LOCAL shipyard ASL Marine’s thirdquarter earnings released on Tuesday reflect the extent to which vessel owners have been avoiding new orders amidst low oil prices and a
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    • Article
      Lock icon Kingsmen Q1 profit falls 14.5% on lower interior design demand
      214 7  -  By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT LOWER demand for interior design services from high-end luxury retailers contributed to a 14.5 per cent drop in Kingsmen Creatives’ Q1 net profit. The company on Tuesday reported net profit of S$0.79 million for
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    • Article
      Lock icon Super Group Q1 profit down 24% on tax incentive expiry
      306 7  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore LOWER revenue and the expiry of a tax incentive caused instant food and beverage maker Super Group to report a net profit of S$13.6 million for its first quarter ended March 31, 2015, down
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    • Article, Illustration
      Lock icon Greece fears hit Singapore stocks
      678 8  -  ST Index suffers sharp afternoon fall, in tandem with stocks selldown in Europe, and closes 28.5 points lower TTSTOCKS By Melissa Tan melissat@sph.com.sg @MelissaTanBT FEARS over what the next act of the unfolding Greek drama could bring pulled local shares down on Tuesday mid-afternoon as
      Source: Bloomberg  -  678 words
    • Article
      Lock icon STI STOCKS
      305 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 242 -3 246/242 271 219 6 6119.6 CapitaLand 351 -7 361/351 379 293 12.9 2.6 *****.3 CapitaMall Trust 213 -2 215/212 228 188.5 5.1 7390.5 CityDev 1010 -21 1031/1008 1095 915 12.1
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    • Article
      Lock icon MOST ACTIVE
      35 8 VOLUME Golden Agri-Res 86,238,700 Pacific Andes 63,184,000 KLW Hldgs 60,195,700 IHC 41,282,200 Noble 37,760,800 Market volume 1,522,252,000 VALUE Singtel 71,568,300 UOB 70,602,347 CapitaLand 58,818,765 DBS Grp 57,257,358 OCBC Bank 51,157,021 Market value 1,160,018,000
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    • Article
      Lock icon SGX ETFS
      109 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS India US$ US722 -14 108 742/720 1000/675 720/722 90.3 CIMBASEAN40 US$ US978 -22 105 986/948 1113/948 982/997 153.4 STI ETF 349 -2 64 351/347 355/319 348/349 UETF SSE50China 308 53 310/305 318/140 304/307 96.3
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 May 12 VALUE CLOSE BT OB/OS -695.00 -169.00 BT CADI -*****.00 -121.00 BT 10-day MA -*****.00 -70.00 FTSE ST Mid Cap 784.19 -0.33 FTSE ST Small Cap 491.30 -1.73 FTSE ST All Share 825.46 -5.57 FTSE ST China Top 208.00 -0.70 FTSE ST China 243.83 -0.32 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 12,2015 825.46 -5.57 (-0.67%) Current streak 1 day Day high 831.25 Day low 824.41 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 11,2015 1,923.63 -1.81 (-0.09%) Current streak 1 day Day high 1,933.19 Day low 1,918.41 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 2 7 6 0 0 0 2 7 6 Manufacturing 41 50 46 6 18 7 47 68 53 Commerce 14 19 19 4 5 2 18 24 21 Tpt/Stor/Comms 11 21 6
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,554 19,554 94,741 94,741 Manufacturing 207,233 115,543 322,776 124,728 2,654 127,383 Commerce 91,557 62,474 154,031 73,452 2,304 75,756 Tpt/Stor/Comms 132,066 435 132,501 180,703 32 180,735 Finance 22,237 26 22,263 215,385 5 215,390 Construction 33,917 7,874
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    • Article
      Lock icon GAINERS
      75 8 BY CENTS CLOSE UP 52w high/low DBXT Nifty US$ ***** 179.0 1.0 *****/***** SPDR DJIA US$ ***** 164.3 0.7 *****/***** Prudential USD 2225 80.1 2.8 2225/2150 DBS Bk 4.7% NCPS ***** 80.0 0.8 *****/***** SPDR S&P500 US$ ***** 37.4 0.1 *****/***** BY PERCENTAGE CLOSE UP 52w high/low Pan Asian
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    • Article
      Lock icon LOSERS
      77 8 BY CENTS CLOSE DOWN 52w high/low DBXT iBoxxSig SG$ ***** -205.0 -1.6 *****/***** DBXT MSKorea US$ 5885 -97.5 -1.2 6735/5484 JMH USD 6150 -94.8 -1.1 6788/5700 DBXT Vietnam US$ 2346 -92.2 -2.9 3100/2338 DBXT E50 US$ 5139 -78.8 -1.1 5630/4562 BY PERCENTAGE CLOSE DOWN 52w high/low Ntegrator W*****3 0.4
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 8 VOL CLOSE($) CHANGE ChinaKundaTech 4,719.0 0.053 +0.013 +32.50 Pan Asian 611.0 0.088 +0.022 +33.33 Infinio 10,550.7 0.002 -0.001 -33.33 China Hongcheng 73.0 0.011 -0.001 -8.33 Ramba Energy 22,600.8 0.420 +0.050 +13.51 China Great Land 56.0 0.011 -0.003 -21.43 Prudential USD 0.8 22.250 +0.600 +2.77 Samko Timber 535.0 0.125
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    • Article
      Lock icon BROKERS’ TAKE
      395 8  -  Compiled by Jamie Lee Centurion Corporation Buy May 12 close: S$0.545 Target price: S$0.85 DBS Group Research, May 12 CENTURION’S revenue and gross profit grew 44 per cent and 56 per cent respectively to S$25.3 million and S$17.2 million, while gross margins improved five percentage points to 68
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    • Article
      Lock icon CALENDAR
      17 8 DATA I 8pm (May 13) US MBA Mortgage Applications I 9.30am (May 13) China industrial Production
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    • Article
      Lock icon Greece worries, higher US yields hit Asia forex
      405 9 CURRENCIES REUTERS Singapore MOST emerging Asian currencies lost ground on Tuesday as persistent concerns over Greece’s debt crisis checked risk appetite and as rising US Treasury yields dented the allure of higher-yielding assets in the region. The Malaysian ringgit led regional losses
      REUTERS  -  405 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 May 12 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.958 4.924 0.706 6.149 50.924 104.656 0.952 8.694 2.870 1.078 80.723 35.525 1.060 9.614 0.736 24.385 26.816 0.509 0.793 Canada 1.043 5.137
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        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 12 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0589 1.0603 0.7929 0.7934 Canadian dollar 1.1050 1.1061 0.8277 0.8274 Euro 1.5006 1.5021 1.1236 1.1240 NZ dollar 0.9820 0.9833 0.7353 0.7358 Sterling pound 2.0788 2.0806 1.5566 1.5569
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 May 12 S$ Bid Offer 1-month 1.3360 1.3372 2-months 1.3367 1.3380 3-months 1.3372 1.3383 6-months 1.3392 1.3403 Source: OCBC
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        210 9 May 12 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left WE Holdings Ltd w*****5 0.2 unch ***** 1 0 3 Rowsley Ltd W*****3 3.1 -0.1 7597 1 18 17 OCBC Bk MB eCW*****3 6.8 -0.7 5322 0.2
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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 11 Index Change Change Change Change Change Change World Preliminary 1353.1 -0.1 6.1 0.3 5.7 -0.1 4.9 EAFE Preliminary 1097.3 0.0 11.2 0.3 9.2 -0.1 8.4 Europe Preliminary 1540.4 -0.2 11.5
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        407 9 May 12 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.53 *****.98 *****.24 May15 *****.50 *****.00 *****.00 *****.00 *****9 *****1 Jun15 *****.50 *****.00 *****.00 *****.00 ***** ***** NIKKEI 225 INDEX FUTURES SPOT *****.23 *****.75 *****.65 Jun15 *****.00 *****.00 *****.00 *****.00 ***** *****7 Sep15
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    • BANK RATES
      • Article
        Lock icon SIBOR
        36 9 May 12 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 May 12 $S Offer Bid 0vernight 0.03 Par 1-month 0.75 0.625 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.08 US$ 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
        69 9 May 12 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.26 102.33 102.33 5-Year N*****0H 1.625 01-Oct-19 99.6 99.79 99.65 10-Year NY*****H 3.000 01-Sep-24 104.59 104.60 104.35 15-Year NY*****E 2.875 01-Jul-29 101.85 101.88 101.60 20-Year NZ*****V 3.375 01-Sep-33 106.88
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        193 9 May-11 Price Net change change Last Trade Agricultural May-11 CBOT Soybeans (US cents/bu) 983.00 -1.50 -0.15% 14/05/2015 CBOT Soybean Oil (US cents/lb) 33.04 0.24 0.73% 14/05/2015 CBOT Wheat (US cents/bu) 476.25 -0.25 -0.05% 14/05/2014 May-11 LIFFE Cocoa (£/tonne) 2018.00 38.00 1.92% 13/05/2015 LIFFE Coffee (US$/tonne) 1701.00 -16.00 -0.93%
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      • Article
        Lock icon PALM OIL
        53 9 May 12 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 15 2178.0 443 Jun 15 2210.0 2201.0 2231.0 2200.0 2562 ***** Jul 15 2199.0 2195.0 2230.0 2195.0 ***** ***** Aug 15 2201.0 2197.0 2232.0 2195.0 8418 *****
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
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      Lock icon Page 5 Advertisements Column 2
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  • Page 7 Advertisements
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  • REAL ESTATE
    • Article
      Lock icon Prices, volume of resale condos slip in April: SRX
      669 10  -  Real estate agents say buyers’ attention may have been diverted by more new launches by developers By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore A CONTINUED fall in resale prices of private non-landed homes failed to lift transaction volumes in April, as buyers’
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    • Article, Illustration
      Lock icon NTU’s new sports hall to boast innovative construction features
      578 10  -  By Prisca Ang prisang@sph.com.sg Singapore AS a part of its sustainability drive, Singapore’s Nanyang Technological University (NTU) will soon be home to new campus facilities aimed at driving energy savings. Slated for completion in the first quarter of next year, its
      578 words
    • Article, Illustration
      Lock icon As Airbnb grows to 1m rooms, hotels watch
      1012 10 Big chains have yet to act against the potential threat, citing customer loyalty NYT New York BY any measure, Airbnb’s growth has been stunning since the company was founded in 2008. It now has more than 1 million rooms available in homes,
      NYT; PHOTO: BLOOMBERG  -  1,012 words
    • Article
      Lock icon PICTET
      263 10 Pictot-Absl Rtn Fxd Inc-HP EUR 07/05/2015 EUR 103,45 Pictet-Absl Rtn Glo Div-P EUR 07/05/2015 EUR 121,63 Pictet-Asian Equities Ex Japan-P USD 08/05/2015 USD 214,55 Pictet-Asian Local Currency Debt-P USD 08/05/2015 USD 146,31 Pictet-Biotech-P USD 07/05/2015 USD 775.08 Pictet-Clean Energy-P USD 07/05/2015 USD 89,23 Pictet-Digital Communication-P USD 07/05/2015 USD 229,66
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    • Article
      Lock icon RBNZ mulls over measures to directly target Auckland house prices
      335 10 BLOOMBERG REUTERS Wellington NEW Zealand’s central bank is considering measures to directly target Auckland’s soaring house prices. The Reserve Bank of New Zealand (RBNZ) is reconsidering its position that a regional response to house-price inflation wouldn’t work, deputy governor Geoff
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      Lock icon Corner shophouse block opposite The Central sold for S$18.5m
      499 11  -  Located at New Bridge Road/ Hongkong Street, it is on two land lots with balance leases of 25 and 34 years By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore A CORNER shophouse block at the junction of New Bridge Road and Hongkong Street
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    • Article
      Lock icon Mumbai’s regulatory flip-flops shatter dream of becoming skyscraper city
      566 11 BLOOMBERG Singapore MUMBAI’S long-cherished dream of becoming another Shanghai risks remaining just that as regulatory flip-flops frustrate plans for modern skyscrapers in place of the city’s many rickety-old structures. Two months after announcing a proposal to ease the city’s 24-year-old Floor
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      169 10 FOR SALE BY TENDER PRIME FREEHOLD COMMERCIAL BUILDING IN KUALA LUMPUR, MALAYSIA 4-storey corner commercial building with a basement Iconic building for great corporate presence. Close to Central Market, established financial institutions and amenities, potential for asset enhancement Tender Documents available from 13April 2015 Tender Closing Date on 27 May
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      763 11 The Business Times NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices Independent Auditor’s Report to the Shareholders of Qatar National Bank S.A.Q. Report on the Consolidated Financial Statements We have audited the accompanying consolidated financial statements of Qatar National Bank S.A.Q. (the “Bank”) and its subsidiaries (together referred to as the
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Judge’s ruling against Nomura, RBS reveals misconduct in ’08 crash
      1094 12 Trial highlights behaviour of banks heavily involved in subprime mortgages at peak of housing boom NYT New York MANY on Wall Street have long argued that the banks did not generally break the law when they packaged shoddy mortgages and
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    • Article
      Lock icon Interest rate cuts put China banks’ profits on the line
      644 12 Reuters Shanghai CHINA’S banks are facing their toughest year since the onset of the global financial crisis in 2009, with interest rate cuts and liberalisation of the deposit rate system eating into their profit margins. The People’s Bank of China
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    • Article
      Lock icon HK-Taiwan stock link unlikely to happen soon: traders
      489 12 REUTERS Taipei A MOOTED equity trading link between Hong Kong and Taiwan has been described by some traders and investors as a flawed and potentially costly attempt to replicate the hugely successful Shanghai-Hong Kong Stock Connect. Hong Kong’s tie-up with Shanghai since
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      90 12 ARTISANAL CUISINE, A WAY OF LIFE. Celebrating and respecting seasonality, terroir and the world’s best produce. Ranked 11th, Asia’s 50 Best Restaurants 2015, sponsored by S. Pellegrino and Acqua Panna. Ranked 100th, The World’s Best Restaurants 2014, sponsored by S. Pellegrino and Acqua Panna. Appointed Krug’s First Restaurant Ambassade in
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  • LEADERSHIP IN SUSTAINABILITY
    • Article, Illustration
      Lock icon Shaping the future of energy
      1294 13 Goh Swee Chen, chairwoman of Shell Companies in Singapore, shares how the energy industry can offer some realism to the debate about climate change and what businesses can do to make energy efficiency a top business priority. Ms Goh also highlights Shell’s longstanding contribution to
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      113 13 BUILDING A SUSTAINABLE SINGAPORE TOGETHER As we work to help meet the world’s growing energy needs, we aim to share benefits with local communities and reduce the impact of our operations. Shell Eco-marathon Involving students in developing energy-efficient mobility solutions. Shell STEM Innovation Challenge Students’ application of Science, Technology, Engineering
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  • ENERGY & COMMODITIES
    • Article
      Lock icon US to allow Shell to drill for oil in Arctic Ocean
      841 14 Move comes four months after Obama administration opened portion of Atlantic coast for new offshore drilling NYT Washington THE Obama administration on Monday gave conditional approval to allow Shell to start drilling for oil off the Alaskan coast this
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      Lock icon Indonesia’s ‘cocoa doctors’ may help avoid looming supply crunch
      660 14 REUTERS Jakarta EIGHT years after turning his back on cocoa following a string of harvest failures, Andi Asri has returned to the crop and is enjoying bumper production and profits, thanks to a tie-up with a major chocolate maker that wants
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      57 14 H l V As'f5 'Ah Hi) O' «v :>4r j-'" «5S DOWNLOAD THE ALL-NEW ASIAONE APR All the top publications in one FREE app. The new AsiaOne mobile app gives you instant access to the latest news, interesting lifestyle features and content from Singapore's top news site. IK1II Google play
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      1933 15 ADVERTORIAL Skills for a banking and finance career SIM Global Education equips its graduates to succeed in a competitive, complex industry SINGAPORE, an international finance centre, is home to over 200 banks. Its pro-business environment, effective regulators and well-developed infrastructure have attracted big and small names around the world to
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Infosys plans deals to meet US$20b revenue goal
      696 16 Company is looking for acquisitions to expand its geographic reach in Japan, Latin America and Europe BLOOMBERG New Delhi INFOSYS Ltd plans to step up acquisitions and venture capital investments as it tries to more than double sales to US$20 billion by
      BLOOMBERG  -  696 words
    • Article
      Lock icon Verizon to buy AOL in US$4.4 billion deal
      347 16 BLOOMBERG AFP New York VERIZON Communications Inc has agreed to buy AOL Inc in a deal valued at US$4.4 billion, getting access to automated advertising technology and digital media clips that will help make more money from mobile video. Verizon, the largest
      BLOOMBERG; AFP  -  347 words
    • Article
      Lock icon Moore’s Law hits 50 as chip industry faces new challenges
      623 16 BLOOMBERG New York EVEN for its author, Moore’s Law the predictor of progress in the electronics industry has been around a lot longer than expected. “I’m amazed. The original prediction was to look 10 years out, which I thought was
      BLOOMBERG  -  623 words
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      819 16 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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  • CONSUMER
    • Article, Illustration
      Lock icon Italy’s olive oil industry faces possible ruin
      818 17 Olive trees are succumbing to a bacterial outbreak sweeping across the Salento region NYT Racale, Italy ACROSS the stony heel of Italy, a peninsula ringed by the blue-green waters of the Mediterranean, olive trees have existed for centuries, shaping the landscape and producing
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    • Article
      Lock icon China’s smartphone makers look to India for growth
      319 17 NYT Hong Kong THE most important market for Chinese smartphone makers may no longer be China. For years, hundreds of millions of Chinese have bought new smartphones. In the process, they lifted the fortunes of local handset makers, from the well known
      NYT  -  319 words
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      125 17 Your Access to a Diploma in 9 months. tV U Progression Pathway* GCE N 0 A-level Nitec/Higher Nitec FSB Academy Diploma (completion from 9 months*) Direct entry into Year 2 Bachelor’s Degree (completion from 16 months*) For GCE N/O/A-Level/ITE holders: Full-time Diplomas in: Business Administration Business Administration (Accounting Finance) Tourism
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      2174 17 The Business Times Ik 1 I 1 Toll free 1800-289-8822 I I I Email notices;Ssph.com.sg W I I Y i J j ij www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF BETA SOUTH EAST ASIA PTE. LTD. (CO REG NO: *****3793C) (In Members’
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Bank Negara seen reporting decent Q1 economic growth
      1143 18  -  But the good news is not expected to take media spotlight away from 1MDB saga By Pauline Ng btworld@sph.com.sg Kuala Lumpur EXPECT Malaysia’s central bank to announce pretty decent growth numbers for the first quarter later in the week. Expect few to
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      Lock icon Alcohol ‘a growing menace in advanced and newer economies’
      618 18  -  OECD: Counselling, enforcement, higher prices can help By Anthony Rowley btworld@sph.com.sg Tokyo HARMFUL drinking is on the rise among young people and women in many countries as a result of alcohol becoming more widely available, more affordable and more effectively advertised,
      PHOTO: BLOOMBERG  -  618 words
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      Lock icon S-E Asian govts urged to save thousands of migrants feared adrift at sea
      676 18 AFP langkawi, Malaysia THOUSANDS of migrants believed to be stranded at sea without food and water could die unless South-east Asian governments act urgently to rescue them, migrant groups and the United Nations on Tuesday. Underscoring the
      AFP; PHOTO: AFP  -  676 words
    • Article
      Lock icon US small business confidence jumps; energy capex up
      431 18 REUTERS Washington US small business confidence increased in April with owners in the energy field surprisingly bullish about capital expenditure and hiring plans, further supporting views that economic growth was rebounding after a dismal first quarter. The National Federation of Independent Business
      REUTERS  -  431 words
    • Article
      Lock icon Modi to visit China in push for investment
      669 19 Two Asian powerhouses looking to work beyond border disputes, focusing on economic matters AFP New Delhi INDIA’S Prime Minister Narendra Modi will take his global investment push to China this week, as Asia’s rival superpowers look to put aside a festering border
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      Lock icon Japan puts focus on growth to repair finances
      536 19 REUTERS Tokyo JAPAN’S government shifted focus on Tuesday to boosting economic growth and tax revenues to repair public finances, increasing concerns the government will shy away from painful and unpopular spending cuts. The change in policy came after a meeting of the
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      Lock icon Osborne pledges resolution in upcoming debate over EU overhaul
      437 19 BLOOMBERG Paris CHANCELLOR of the Exchequer George Osborne has set the tone for a looming confrontation between the UK and its European Union partners by underlining the new British government’s determination to overhaul the 28-member club. Brandishing his Conservative Party’s five-day-old
      BLOOMBERG; PHOTO: REUTERS  -  437 words
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      Lock icon Oil rally fails to allay concerns over Malaysia
      867 20 Fitch prepares to review Malaysia’s A-rating, warns that there is more than 50 per cent chance of a downgrade BLOOMBERG Kuala Lumpur FITCH Ratings have said that an oil rally that helped make Malaysian bonds Asia’s best performers over the past three
      BLOOMBERG; PHOTO: AFP  -  867 words
    • Article
      Lock icon Norway cuts growth outlook as oil sector woes deepen
      362 20 REUTERS Oslo NORWAY will spend more than expected of its saved-up oil wealth this year as its contracting offshore energy sector cuts into growth, eroding consumer confidence and boosting unemployment, the government said on Tuesday. With oil prices tumbling, energy companies,
      REUTERS  -  362 words
    • Article
      Lock icon UK industrial output gains 0.5% in March
      288 20 Surprise rise is most since September BLOOMBERG London UK industrial production rose the most since September as oil and gas extraction surged and manufacturing increased for a second month. Output gained 0.5 per cent in March from the previous month, the Office for
      BLOOMBERG  -  288 words
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      520 19 Reference is made to the Notice of Books Closure and Payment Date for Distribution dated 8 May 2015 (“Notice"), which appeared in The Business Times on 11 May 2015. We wish to inform that the books closure date has been changed to 5.00 pm, 18 May 2015. Accordingly, the ex-distribution
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      235 20 <B> IA f* P r r STJOBS brings you great opportunities in HOSPITALITY 0 a a HEAD, SERVICE IMPROVEMENT MANAGER LUXURIOUS ACCOMMODATIONS CHAIN REQUIREMENTS: To strategize and lead in executing the Chain’s drive towards higher productivity. 0nv a a MANAGER (SOCIAL MEDIA), DIGITAL MARKETING AWARD-WINNING RESORT REQUIREMENTS: Bachelor's Degree in
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  • TRANSPORT
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      Lock icon Domestic passenger ship safety comes under IMO spotlight
      673 21  -  Manila Statement spells out ways to reduce disasters involving ferries in domestic waters STRAIT TALK BY DAVID HUGHES MANY of the worst shipping disasters over recent years have involved ferries on domestic voyages. While there have been great advances in safety in
      FILE PHOTO  -  673 words
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      Lock icon Textron bets on rebound with new Cessna
      934 21 Company investing in new products, deals as it plans for growth BLOOMBERG Chicago DEVELOPMENT teams are hard at work on a new, under-the-wraps Cessna jet as parent Textron Inc bets the US luxury aviation market is finally emerging from a reces-sion-era collapse. Growth
      BLOOMBERG; PHOTO: BLOOMBERG  -  934 words
    • Article
      Lock icon Qantas shares surge on forecast fall in 2015 fuel bill
      335 21 BLOOMBERG Sydney SHARES of Qantas Airways Ltd surged to their highest level in more than six years in Sydney after Australia’s biggest carrier said the global drop in oil prices would help cut its fuel bill this year. The stock
      BLOOMBERG  -  335 words
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      Lock icon GM’s ignition switch death toll hits 100
      639 22 Crisis is cementing its status as one of the deadliest automotive safety issues in American history NYT Detroit THE consequences of General Motors’ (GM) long-delayed recall of defective small cars hit a grim milestone on Monday, when the company’s compensation fund said it
      NYT; PHOTO: BLOOMBERG  -  639 words
    • Article
      Lock icon Google admits driverless car crashes on California roads
      586 22 WP San Francisco ELEVEN Google driverless vehicles have been involved in minor accidents on California roads over the past six years during testing, the company said on Monday, stressing that none of its cars were at fault in any of the incidents.
      WP  -  586 words
    • Article
      Lock icon Thai Airways swings into the black for Q1, shares climb
      330 22 REUTERS Bangkok THAI Airways International said on Tuesday that it returned to net profit for the first quarter, sending its shares sharply higher, as a bumper foreign exchange gain and increased tourism traffic wiped out the impact of rising restructuring
      REUTERS  -  330 words
    • Article
      Lock icon SHIPPING TIMES
      1709 23 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL MUA KK JKT SUR DREAM JASMINE 13 100 20/5 21/5 23/5 TAIKLI 37 80 55 29/5 31/5 4/6 BRIGHT CORAL
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      696 21 The Business Times NOTICES kCHINA V^TAISAN CHINA TAISAN TECHNOLOGY GROUP HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration no. *****1863D) NOTICE IS HEREBY GIVEN that an extraordinary general meeting ("EGM”) of the Company will be held at Seletar main club lobby, Kingfisher l&ll, Seletar Country Club, 101 Seletar
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      611 22 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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      183 23 Equipment Processing Centre (EPC) within Jurong Port (FTZ) Providing a one-stop solution for all your logistics needs .c o m f o r m o r e d e t a i l s C a l l 8 1 2 1 0 9 6 6 o r e m
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  • OPINION
    • Article
      Lock icon Cameron’s biggest challenges: Keeping Britain together, and in the EU
      572 24 EDITORIAL THE results of the UK general election surprised not only the pollsters and the British public but even the participants. Reliable reports suggest that broadly in keeping with what most polls predicted, even the most knowledgeable insiders of the
      572 words
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      Lock icon Oxytocin, Britain and the limits of cooperation
      777 24  -  THE BOTTOM LINE By Leon Hadar FOR years, historians and social scientists have been studying the political, economic and cultural causes for the extension of social trust and cooperation that could explain why smaller units, starting with extended families and tribes, have expanded
      777 words
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      Lock icon Up in arms against the onerous FATCA
      1454 24  -  Critics say the new law infringes on the freedom and the right to privacy of overseas Americans, and are mounting a forceful challenge. BY ANGELO VENARDOS BY ANGELO VENARDOS T The writer is founder and chief executive officer of the Heritage Trust Group
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    • Article
      Lock icon Four policy planks Nepal can pursue in reconstruction
      1005 25  -  This article first appeared in “RSIS Commentary” before another earthquake of magnitude 7.3 struck Nepal on Tuesday COMMENTARY By Pradumna Bickram Rana T The writer is associate professor and coordinator of the international Political Economy Programme in the Centre for Multilateralism Studies
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    • Article
      Lock icon Spiral of silence keeps Europe’s views on UK referendum hidden
      695 25  -  By Thomas Kielinger T The writer, a London correspondent since 1998 of German daily Die Welt, is author of biographies of Queen Elizabeth II and Winston Churchill OMFIF BRIEFING NOT everyone made a mistake in forecasting the UK election result.
      OMFIF BRIEFING  -  695 words
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      Lock icon More regionally driven growth needed: IMF
      1521 25  -  Changyong Rhee, director of the IMF’s Asia and Pacific Department, discusses Asia’s growth prospects, the AEC and intra-regional trade, and the challenges posed by ageing in the region. BY VIKRAM KHANNA BY VIKRAM KHANNA ALTHOUGH Asia is growing at quite a robust pace of
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  • LIFE & CULTURE
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      Lock icon How BTBAF helped young talents to bloom
      949 26  -  Since 2005, the Business Times Budding Artists Fund has enabled 7,000 talented but underprivileged kids to train in the arts for free. BY HELMI YUSOF BY HELMI YUSOF helmi@sph.com.sg @HelmiBT THIS week marks 10 years of efforts by The Business Times Budding Artists
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      Lock icon Three who rose and shone
      411 26  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT OVER the years, The Business Times Budding Artists Fund (BTBAF) has helped thousands of kids from less privileged backgrounds realise their dreams of pursuing the arts. Here are three touching success stories: Kang Joo Soon, 18 Kang joined the Little
      411 words
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      Lock icon American Idol prepares for swansong
      548 26 NYT New York AT its height, American Idol minted break-out stars and drew more than 30 million viewers an episode. It was the No 1 broadcast show for eight years, provided a boon to an ailing music industry and was the sort of appointment television
      NYT; FILE PHOTO  -  548 words
    • Article, Illustration
      Lock icon US$179m auction record for Picasso
      457 26 NYT New York TO a medley of whoops, hollers and gasps, Pablo Picasso’s 1955 painting Les Femmes d’Alger (Version O) sold for US$179.4 million including fees at Christie’s Looking Forward to the Past sale of artworks spanning the 20th century. The price was the highest
      NYT; PHOTO: AFP  -  457 words
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  • Page 26 Miscellaneous
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      Lock icon Page 26 Miscellaneous Column 1
      308 26 CRYPTIC CROSSWORD Across 1 Licensed carrier (5,3) 6 Support delay (4,2) 9 Trade organisation gets round start of strike agreement (6) 10 Trial with underground lab equipment (4,4) 11 Finding fault may be crucial (8) 12 Taking a chance, cutting up vegetables (6) 13 He is constructively employed in a
      308 words
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      30 27 SINGAPORE BL AWARDS ir JTO M 2 0 15 DON'T WAIT TILL THE LAST MINUTE REGISTER/NOMINATE A BLOG NOW EDITORS’/ JUDGES' CHOICE *****0900 G ADVERTISERS’ CHOICE ®o FOLLOWERS’ CHOICE oo
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      275 27 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
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  • EXECUTIVE MONEY
    • Article, Illustration
      Lock icon Correction time?
      1728 27  -  Stock markets have hit a rough patch, but periodic corrections are healthy and shares are still a long way from the peak in the investment cycle Dr Shane Oliver btworld@sph.com.sg The writer is head of investment strategy and chief economist at AMP Capital THE last few weeks have
      Source: Bloomberg, AMP Capital  -  1,728 words
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      Lock icon Main Street funds in pursuit of unicorns
      940 27  -  By Andrew Ross Sorkin NYT WITH Uber now reportedly valued at US$50 billion, there are justifiable worries that some private startup technology companies worth US$ 1 billion or more known as unicorns are in bubble territory. But don’t worry, the thinking goes. Main
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    • Article
      Lock icon More buys than sells of Singapore stocks
      499 28 GLOBAL mutual funds bought more Singapore shares than they sold in the three months to May 6. Based on the top five stocks transacted, net purchases came to US$1.41 billion, compared to net sells of US$1.09 billion. Overall, SingTel was the top stock
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      44 28 CORRECTION TIME? Periodic corrections can prove healthy 27 CHASING UNICORNS Main Street portfolios investing in unicorns 27 Enjoy the best of Switzerland before you even arrive. Discreet service. Fine regional cuisine. Warm hospitality. Thanks to our direct ~ight from Singapore to Zurich,it’seasytofallinlovewithSwitzerland–beforeyouevencatchaglimpseoftheAlps.Findoutmore on swiss.com
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