The Business Times, 16 May 2015

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Microfilm: NL33486
Total Pages: 40
1 16 The Business Times
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      51 2 CONTENTS LIVING Living L2-4 Dining L5-9 NEWS Top Stories 2-5 Raffles Conversation 6-7 Companies Markets 8-12 Real Estate 14-15 Banking Finance 18 Energy Commodities 19 Technology 20 Consumer 22 Transport 23 Govt Economy 24-25 Opinion 26-27 Wealth 28-30 Life Culture 31 Shopping L10-11 Travel L12 Health L13 Motoring L14-15 Golf
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        60 2 GSTI 3,463.10 (+7.32) GSTI FUTURES 3,464.00 (+8.00) GSIMSCI 388.80 (+0.15) GSIMSCI FUTURES 389.30 (+1.10) STOCKS Friday Change KL COMP 1,811.92 +4.37 NIKKEI 225 19,732.92 +162.68 HANG SENG 27,822.28 +535.73 SET 1,512.19 +14.79 JAKARTA 5,227.10 -19.04 MANILA 7,881.95 +50.51 KOSPI 2,106.50 -13.83 SHENZHEN B 1,531.47 +14.81 MUMBAI IND 27,324.00 +117.94
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.623 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.85 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.324 (US$/S$ per 1.576 2.086 EURO (US$/S$/€ 1.139 1.508 Foreign currency per US$ S$ YEN 119.50 90.20 RM 3.568 2.695 HK$ 7.751 5.855 BAHT 33.55 25.34 RUPIAH 13,085 9,884 RENMINBI 6.205 4.687 INDIAN RUPEE 63.54 47.99 A$ 1.244 0.940 NZ$ 1.341 1.013
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    • Article, Illustration
      Lock icon Malaysia Q1 GDP up 5.6% on GST front-loading
      743 2  -  Bank Negara sees economy staying on steady path, driven by domestic demand By Pauline Ng btworld@sph.com.sg Kuala Lumpur THE Malaysian economy was powered to a 5.6 per cent expansion in the first three months of the year by the rush to buy
      PHOTO: AFP  -  743 words
    • Article
      Lock icon Muted pickup in retail sales at S$3.4 billion in March
      351 2  -  Vehicles, watches and jewellery and dept stores fared better By Debbie Yong debyong@sph.com.sg @DebbieYongBT Singapore SINGAPORE retail sales edged up by a muted 2.1 per cent in March from a year ago, bringing the total retail sales value to S$3.4
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    • Article
      Lock icon US Senate votes to consider fast-track bill
      501 3 Debate still expected but strong support suggests senators unlikely to reject bill Reuters Washington A 12-NATION Pacific trade agreement has cleared a crucial test in the US Senate giving a resounding thumbs-up to legislation that holds the key to President Barack Obama’s diplomatic
      Reuters  -  501 words
    • Article
      Lock icon Conserving the heritage of Capitol Theatre
      953 4  -  Debates had flared up between URA and the developers over what conservation entailed By Lee Meixian, Elizabeth Mak leemx@sph.com.sg @LeeMeixianBT eamak@sph.com.sg Singapore TO those who may find themselves slightly disenchanted by the upscale transformation of Capitol Theatre, the Urban Redevelopment Authority (URA) has this
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    • Article, Illustration
      Lock icon Argy-bargy and the economy of words
      497 5  -  SATURDAY SOAPBOX Kelly Tay kellytay@sph.com.sg @KellyTayBT Reporter IT’S been a while since I’ve heard the phrase “arg y b a r g y” I t seems, after all, such an old-timey, Brit-ish-sounding expression one you’d expect to read in an Enid Blyton book. So
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    • Article
      Lock icon Enforcement in Tiong Bahru not intended to diminish its vibrancy
      238 5  -  LETTER TO EDITOR Han Yong Hoe Group Director (Development Control) Urban Redevelopment Authority WE refer to “Retail shakeout in Tiong Bahru” (BT, May 14), which highlighted enforcement action by the Urban Redevelopment Authority (URA) on several businesses. The article reflected
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      36 3 I.* h i ST:: ft 4 't i 4 > ee .Terms conditions apply Offer also available at: i ri T Jr I FAVAl’EABLE’UNTIL SEPTEMBER 2015 GflRDENiHDTElf&iRESIDENOES KUALA' LUMPUR i MALAYSIA! NOW SAVE! +603~2|L41 3333 I www.swissgarden.com/promotion
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      24 3 45 T r a d e d e a l t h r e a t e n s Japan’s food security, Page 24
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      16 5 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices
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      Lock icon Page 5 Advertisements Column 2
      58 5 M A C S K INAUGURAL SALE 8-31 May 2015 IT. SsSs m ■*L. ■F Enjoy big savings and take home a design icon! 63 Mohamed Sultan Road, #01-1A Sultan Link, Singapore *****2 Tel: 6443 2282 1 0.30am 7.30pm daily ‘Terms and conditions apply. Molteni&C ALKsi ARMANI /Dada FENDl CASA
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon The duty-bound wealth manager
      2403 6 / 7  -  Nicolas Pictet, scion of the family that owns the 209-year-old Pictet Group, is grounded in hard work and responsibility. By Kelly Tay By Kelly Tay kellytay@sph.com.sg @KellyTayBT RESPONSIBILITY. It’s a six-syllable word that carries much weight with Nicolas Pictet and how could it not, when he
      PHOTO: PICTET GROUP  -  2,403 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon StarHub Q1 profit falls 12% on more handset subsidies
      506 8  -  Telecommunications group nets S$73.7m on 8.1% revenue rise By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore STRONG demand for iPhones that spilled over from end-2014 into the usually quieter first quarter prompted StarHub to give out more handset subsidies in order to woo
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    • Article
      Lock icon UE’s Q1 profit surges as Mflex recovers
      355 8  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore A PREVIOUSLY loss-making subsidiary’s return to profitability gave a fillip to earnings for property and technology group United Engineers (UE) in the first quarter, even though revenue was lower after the group sold off some businesses. Net
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    • Article
      Lock icon Olam’s Q1 earnings tumble on exceptional items
      576 8  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore AGRIBUSINESS group Olam International which has changed its financial year-end from June 30 to Dec 31 on Friday reported a net profit of S$31.3 million for its first quarter ended March 2015, 92.1 per cent down
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    • Article, Illustration
      Lock icon STI up 0.3% in week of quiet trading
      563 9  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent IN FIVE trading days, the Straits Times Index (STI) managed an 11-point or 0.3 per cent rise to 3,463.10. Optimists might be thankful for the gain and be grateful that even with liquidity dipping to
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    • Article
      Lock icon GAINERS
      77 9 BY CENTS CLOSE UP 52w high/low DBXT Nifty US$ ***** 360.0 2.1 *****/***** DBXT MSEurope US$ 6241 154.9 1.9 6492/5366 DBXT E50 US$ 5261 139.0 2.0 5630/4562 DBXT China50 US$ 4047 108.5 2.1 4258/2782 Lyxor ChinaH US$ 1926 66.2 2.7 2041/1280 BY PERCENTAGE CLOSE UP 52w high/low ChinaGaoxian W*****8
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      Lock icon LOSERS
      78 9 BY CENTS CLOSE DOWN 52w high/low DBXT Vietam US$ 2314 -42.4 -1.4 3100/2314 DBXT S&P Short US$ 2142 -33.1 -1.2 2521/2117 JSH USD 3500 -30.4 -0.7 3810/3233 Hyflux 6% CPS ***** -30.0 -0.3 *****/***** DBXT CSI300 US$ 1275 -23.8 -1.4 1325/615 BY PERCENTAGE CLOSE DOWN 52w high/low UOB MB
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    • Article
      Lock icon MOST ACTIVE
      35 9 VOLUME Pacific Andes 93,012,000 IHC 50,087,000 Genting Sing 48,417,400 WE 46,129,400 China Fishery 30,824,600 Market volume 1,484,116,000 VALUE CapitaLand 93,070,023 DBS Grp 46,459,207 Genting Sing 45,947,004 Singtel 40,827,887 SGX 40,442,459 Market value 1,043,962,000
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    • Article
      Lock icon YuuZoo back in the black with Q1 profit of US$3.2m
      275 9  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore MAINBOARD-LISTED Internet stock YuuZoo posted a net profit of US$3.2 million for the first quarter ended March 31,2015, reversing a loss of US$1.1 million from a year ago, an unaudited financial statement released on
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    • Article
      Lock icon A-H Trust to divest Pullman Cairns International for A$75.1m
      403 9  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore ASCEND AS Hospitality Trust (A-HTrust) announced on Friday that it had entered into a put and call option deed for the sale of its 50 per cent-owned Australian upscale hotel, Pullman Cairns International in
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    • Article
      Lock icon STI STOCKS
      308 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 250 +6 253/243 271 219 5.8 6321.9 CapitaLand 350 -5 354/346 379 293 12.8 2.6 *****.5 CapitaMall Trust 219 +2 220/216 228 188.5 4.9 7598.7 CityDev 1022 +6 1024/1016 1095 915 12.3
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    • Article
      Lock icon SGX ETFs Most Active
      105 10 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 350 180 351/349 355/319 350/351 IS MS India US$ US739 +11 153 743/729 1000/675 740/743 92.4 UETF SSE50China 295 -5 74 296/291 318/140 294/300 92.2 DBXT MSPAKIS US$ US202 40 203.6/202 218.4/178.5 202/202.9 9.9
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    • Article
      Lock icon SIBOR
      28 10 May 15 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 0.***** Source: Thomson Reuters
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      815 10 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning May 11 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) GSH Corp 13-May-15 Goi Seng Hui Buy ***** 0.07 *****58 47.45 *****61 47.58 Manhattan Resources 13-May-15 Mohamed
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 1 5 0 0 0 8 1 5 Manufacturing 51 48 40 10 12 7 61 60 47 Commerce 25 13 23 3 4 5 28 17 28 Tpt/Stor/Comms 19 12 11
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      Lock icon SECURITIES TRADING TURNOVER
      123 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 8,850 8,850 29,223 29,223 Manufacturing 253,866 68,465 322,331 145,098 6,065 151,164 Commerce 70,106 88,865 158,971 60,685 2,731 63,416 Tpt/Stor/Comms 105,701 190 105,891 127,639 14 127,653 Finance 26,956 112 27,068 137,621 21 137,643 Construction 37,048 14,449
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 10 VOL CLOSE($) CHANGE Lizhong Wheel 559.8 0.295 +0.055 +22.92 Luzhou Bio-Chem 999.9 0.023 +0.002 +9.52 Infinio 5,444.9 0.002 -0.001 -33.33 AIM 50.0 0.062 -0.020 -24.39 Lereno Bio-Chem 6,170.0 0.005 +0.001 +25.00 Ossia Intl 667.3 0.280 +0.020 +7.69 Hosen 235.0 0.059 +0.004 +7.27 Sinjia Land 19,474.5 0.108 +0.015 +16.13
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 May 15 VALUE CLOSE BT OB/OS -485.00 +45.00 BT CADI -*****.00 +41.00 BT 10-day MA -*****.00 -48.00 FTSE ST Mid Cap 788.73 +3.77 FTSE ST Small Cap 494.14 +1.70 FTSE ST All Share 830.39 +2.17 FTSE ST China Top 211.50 +2.42 FTSE ST China 247.56 +2.84 FTSE
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    • Article
      Lock icon COMMODITY FUTURES
      193 11 May-14 Price Net change change Last Trade Agricultural May-14 CBOT Soybeans (US cents/bu) 963.00 -12.00 -1.23% 14/05/2015 CBOT Soybean Oil (US cents/lb) 33.00 -0.11 -0.33% 14/05/2015 CBOT Wheat (US cents/bu) 501.75 20.75 4.31% 14/05/2014 May-14 LIFFE Cocoa (£/tonne) 2049.00 14.00 0.69% 16/07/2015 LIFFE Coffee (US$/tonne) 1704.00 23.00 1.37%
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    • Article
      Lock icon PALM OIL
      53 11 May 15 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 15 2199.0 364 Jun 15 2217.0 2191.0 2218.0 2186.0 1085 ***** Jul 15 2216.0 2188.0 2218.0 2182.0 ***** ***** Aug 15 2216.0 2188.0 2219.0 2184.0 ***** *****
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      Lock icon GOVERNMENT SECURITIES
      67 11 May 15 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.58 5-Year N*****0H 1.625 01-Oct-19 100.44 100.60 100.59 10-Year NY*****H 3.000 01-Sep-24 106.26 106.40 105.88 15-Year NY*****E 2.875 01-Jul-29 103.11 103.10 103.10 20-Year NZ*****V 3.375 01-Sep-33 108.31 108.60 108.13
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      Lock icon INTERBANK CURRENCY RATES
      155 11 May 15 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0633 1.0645 0.8034 0.8039 Canadian dollar 1.1024 1.1033 0.8332 0.8329 Euro 1.5071 1.5083 1.1387 1.1390 NZ dollar 0.9865 0.9877 0.7454 0.7459 Sterling pound 2.0853 2.0871 1.5756 1.5761
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    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      210 11 Most active May 15 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left WE Holdings Ltd W*****5 0.2 unch ***** 1 0 3 FTSEChinaA50 ***** MBeCW*****0 8.1 -0.9 4605 0.0 --2 FTSEChinaA50 ***** MBePW*****0 12.8 0.8 3330 0.0 --2 DBS
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 11 In local curr In S$ In US$ dy yr dy yr dy yr May 14 Index Change Change Change Change Change Change World Preliminary 1349.8 0.5 5.8 0.0 4.8 0.5 5.2 EAFE Preliminary 1092.4 0.2 10.7 -0.1 8.9 0.3 9.4 Europe Preliminary 1531.4 0.7 10.8
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    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        20 11 ytd change: +2.91% 52-week high: 3,539.95 on April 15,2015 52-week low: 3,154.21 on Oct 16,2014 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Hang Seng Index
        20 11 YTD change: +17.87% 52-week high: 28,442.75 on April 28,2015 52-week low: 22,585.84 on Dec 17,2014 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Nikkei 225
        19 11 YTD change: +13.08% 52-week high: 20,187.65 on April 23,2015 52-week low: 14,006.44 on May 19,2014 Source: Bloomberg
        Source: Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        21 11 YTD change: +33.20% 52-week high: 4,527.40 on April 27,2015 52-week low: 2,005.18 on May 19,2014 Source: Bloomberg
        Source: Bloomberg  -  21 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        26 11 YTD change: +2.41% 52-week high: 18,288.63 on March 2,2015 52-week low: 16,117.24 on Oct 16,2014 (Chart shows Thursday’s index closing) Source: Bloomberg
        Source: Bloomberg  -  26 words
    • Corporate digest
      • Article
        Lock icon Keppel Corp
        59 12 KEPPEL Corp’s application for the delisting of Keppel Land slated for July 16 has received Singapore Exchange approval. This is subject to the completion of the process under Section 215 (3) of the Companies Act where Keppel Land shareholders have a right to require Keppel Corp to purchase
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      • Article
        Lock icon International Healthway
        33 12 INTERNATIONAL Healthway Corp’s net profit for the first quarter ended March 2015 dipped 37 per cent to S$613,000 from S$973,000 a year ago. Revenue improved 15 per cent to S$10.1 million.
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      • Article
        Lock icon MIIF
        45 12 MACQUARIE International Infrastructure Fund (MIIF) will sell its 81 per cent effective interest in Hua Nan Expressway for S$110 million cash, after which it will delist from Singapore Exchange (SGX) and wind up. The proposed divestment is subject to the approval of MIIF shareholders.
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      • Article
        Lock icon Lum Chang Holdings
        33 12 LUM Chang Holdings’ net profit for the third quarter ended March 2015 jumped to S$19.8 million from S$3.2 million a year ago. Revenue rose 43 per cent to S$67 million.
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      • Article
        Lock icon Ying Li International
        53 12 YING LI International Real Estate swung to the red for the first quarter ended March 2015 with a loss of 455,000 yuan (S$97,000) versus a profit of 33.7 million yuan a year ago. Revenue fell 64 per cent to 100.2 million yuan. The period also saw higher
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      • Article
        Lock icon Straits Trading
        40 12 THE Straits Trading Company’s net profit for the first quarter ended March 2015 fell 59 per cent to S$2.4 million. Revenue fell 14.5 per cent to S$145.6 million from S$170.3 million a year ago. No dividend was recommended.
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    • Article, Illustration
      Lock icon SI A adopts multi-pronged approach to keep its edge
      740 12  -  Key strategies beginning to take shape as airline continues to tackle headwinds By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE Airlines’ key strategies are starting to take shape as it continues to combat a challenging operating environment and positions itself for the
      Compiled by BT  -  740 words
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      250 13 LG OUEDTV v M m ;■.< r'Ll THE BUSINESS TIMES ■:> s jJWB 35 -3v 3E rv sss V- V. < WSSSSS v -s—»v YOURCHANCE TO HAVE ATASTE OF EXCELLENCE The Business Times Luxe Ni SOTampines North Drive 2 Courts Megastore, Level 3 Singapore *****6 Thursday, 28 May 201 5
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Eco World sees stable sales at Iskandar
      704 14  -  Malaysian High Commissioner also stresses that property market in Iskandar remains attractive amid short-term slowdown By Fiona Lam fionalam@sph.com.sg Singapore DESPITE recent negative sentiment and concerns over a potential housing glut in Iskandar Malaysia, Malaysian property developer Eco World Development Group Bhd expects
      704 words
    • Article, Illustration
      Lock icon Luxury home prices in Singapore hardest hit among 35 cities: Knight Frank
      466 14  -  Prime residential prices in S’pore down 12.6% for year to March; market tepid By Prisca Ang prisang@sph.com.sg Singapore PRIME residential prices fell the most in Singapore among a pool of 35 cities in a study by Knight Frank.
      Source: Knight Frank Residential Research, Douglas Elliman/Miller Samuel, Ken Corporation  -  466 words
    • Article
      Lock icon Househunt
      1158 15 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN APRIL 1 AND APRIL 7, 2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 4 NON-LANDED Corals At Keppel Bay Apt 02/04/2015 99 1259 2600 2064 Teresa Ville Apt 02/04/2015
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  • Article, Illustration
    Lock icon ART ReDECO
    953 16 / 17 RESTORATION OF C PITOL THEATRE Cockroach nests, bats, pigeons and ripped curtains greeted Capitol Theatre's new owners when they visited the derelict building after purchasing it and its adjacent sites in 2010. Four years and S$1.1 billion later, they have restored the 85-year-old "Grande Dame" to its former
    Source/pictures: Capitol Investment, URA, Architects 61, Studio Lapis, LWC Alliance and media reports BT Graphics: Simon Ang, Lee Meixian, Elizabeth Mak & May Phyu Oo  -  953 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon SEC the last hurdle in banks’ forex pleas
      613 18 But lenders’ waiver demands may be difficult to negotiate after recent criticism of rubber stamping by US agency Reuters Washington BANKS want assurances from US regulators that they will not be barred from certain businesses before agreeing to plead guilty to criminal
      Reuters; PHOTO: BLOOMBERG  -  613 words
    • Article, Illustration
      Lock icon Japan’s top lenders boost shareholder returns after upbeat earnings
      481 18 Reuters Tokyo JAPAN’S top banks are stepping up dividend payments after reporting better-than-forecast earnings, responding to calls for bigger shareholder returns. Japanese companies are under intense investor scrutiny lately to justify how their earnings are utilised, and have been criticised for
      Reuters; PHOTO: BLOOMBERG  -  481 words
    • Article
      Lock icon Japan’s big five trading houses to sell off assets
      596 19 Heavy writedowns in wake of commodity slump shift focus to cash Reuters Tokyo JAPAN’S big trading houses, stung by large asset writedowns in the wake of the global commodities slump, plan to step up asset sales and wind back investment spending
      Reuters  -  596 words
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      Lock icon Page 19 Advertisements Column 1
      1373 19 LOTTVISION LIMITED (Registration No.: *****) (Incorporated in Bermuda) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of LottVision Limited (the “Company”) will be held at Maxwell Chambers Pte Ltd, Large Room Level 3, 32 Maxwell Road, #03-01, Singapore *****5 on 8 June 2015 at
      1,373 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Nvidia wants to leap from video games to self-driving cars
      698 20 Firm is pushing to crack the emerging market for driver assistance systems Reuters Detroit IT took Silicon Valley chipmaker Nvidia Corp the better part of a decade to gain acceptance as a global automotive supplier, a lesson for other technology
      Reuters; PHOTO: REUTERS  -  698 words
    • Article
      Lock icon Huawei bond signals international push
      572 20 US$1 b 10-year offer draws US$8.5b order book despite no rating amid volatility IFR Hong Kong CHINA’S Huawei Technologies raised its international profile this week with an investorfriendly debut bond, scotching fears that US cybersecurity concerns would leave it struggling to attract a following. The
      IFR  -  572 words
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      Lock icon Page 21 Advertisements Column 1
      818 21 THE TRAFFIC OF SUCCESS I ARTICLE BY JENSEN SIAW, a Performance Breakthrough Coach and Communication Expert. 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,
      818 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Toshiba Corp faces multiple problems
      638 22 Already under accounting probe, it may be dropped from stock index Bloomberg Tokyo ADD the prospect of being dumped from Japan’s beststocks index to Toshiba Corp’s woes. The Tokyo-based manufacturer, mired in an accounting probe, is racing against the June 30 deadline when members of
      Bloomberg; PHOTO: REUTERS  -  638 words
    • Article
      Lock icon Walmart’s bid to catch Amazon Prime seen as uphill fight
      534 22 Bloomberg Boston WAL-MART Stores, Inc’s planned competitor to the Amazon Prime service will have a price advantage, but catching up with its e-commerce rival won’t be easy, say analysts. Walmart announced plans on Wednesday to give online customers unlimited free
      Bloomberg  -  534 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon Gulf airlines are grabbing US carriers’ traffic: study
      621 23 US airlines want govt to block Gulf carriers from adding new flights Bloomberg Dallas PERSIAN Gulf carriers expanding rapidly in the US are diverting passengers from Delta, American and United instead of attracting new travellers as they have said, according to a
      Bloomberg; ST FILE PHOTO  -  621 words
    • Article
      Lock icon Lust for bigger yachts leads California port to tap bond market
      734 23 Bloomberg Long Beach, California LONG Beach, a blue-collar town known for cargo freighters, is selling US$112 million of bonds to make itself a beacon for another kind of ship: the yachts of the prosperous Pacific coast. Catering to the
      Bloomberg  -  734 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Strong dollar, cheap oil put brake on factory output in April
      560 24 Total industrial production down for fifth consecutive month LATEST US DATA Bloomberg Washington FACTORY production stalled in April, as American manufacturers were dealt blows by a strong dollar and cheap oil. The unchanged reading in manufacturing followed a 0.3
      Bloomberg; PHOTO: BLOOMBERG  -  560 words
    • Article
      Lock icon Trade deal threatens Japan’s food security: ex-minister
      545 24 TPP will deepen country’s dependence on agricultural imports, says Yamada Bloomberg Tokyo JAPAN’S food security and farm industry are threatened by a US-led Pacific trade agreement supported by the government of Prime Minister Shinzo Abe, according to a former Japanese agriculture minister. The
      Bloomberg  -  545 words
    • Article, Illustration
      Lock icon China, India pledge to cool border dispute
      549 25 Desire to realise what both sides call ‘the Asian Century’ driving much of the goodwill Reuters Beijing CHINA and India proposed measures on Friday to resolve a long-festering border dispute, as Beijing sought to clear obstacles to a relationship that it said could
      Reuters; PHOTO: REUTERS  -  549 words
    • Article
      Lock icon US energy agency advises against China investment in LNG projects
      430 25 Reuters New York The US Department of Energy has advised American companies not to allow Chinese companies to invest in US liquefied natural gas export projects, the head of one such venture said on Thursday. The advice contributed to a
      Reuters  -  430 words
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  • Page 26 / 27 Miscellaneous
  • OPINION
    • Article, Illustration
      Lock icon How to turn those clicks into customers
      1120 26 / 27  -  Data management platforms are the ‘it’ thing. They collect and collate data on customers and spit it out in a way that’s useful for marketers. By Aleetza Senn By Aleetza Senn ~The writer is Managing Partner Co-Founder of Sparkline, a Singa-pore-based data analysis
      PHOTO: BLOOMBERG  -  1,120 words
    • Article
      Lock icon Making healthy life years part of the currency of growth
      824 26 / 27  -  By Norbert Hueltenschmidt, Pankaj Saluja ~Dr Hueltenschmidt is a Zurich-based p ar t ner w h o s h ea d o f B a i n Company’s healthcare practice in Europe, the Middle East and Africa; Mr Saluja is
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Income inequality down to a fine art
        1092 28 / 29  -  As long as the ultrarich get richer faster than anybody else, there will always be potential buyers fighting to bid up to astronomical sums for art By Neil Irwin NYT WE don’t know the identities of most of the buyers who made this
        NYT; PHOTO: AFP  -  1,092 words
      • Article
        Lock icon BROKERS'TAKE
        578 28 / 29  -  Compiled by Jamie Lee Singapore Airlines Hold OCBC Investment Research, May 15 May 15 close: S$11.71 Target price: S$11.59 LOWER fuel costs and improved passenger yield were offset by taxes and impairment losses on aircraft. Consequently, 4QFY15 Patmi (profit after tax and minority interests) grew 46.7 per cent to
        578 words
      • Article, Illustration
        Lock icon Why stocks belong in a retirement portfolio
        900 30  -  Stocks give better inflation-adjusted returns than bonds most of the time By John F Wasik NYT FOR years, the trope in retirement planning was to reduce the stock holdings in your portfolio and add bonds as you neared or entered retirement. That advice
        NYT; PHOTO: BLOOMBERG  -  900 words
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  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      312 31 CRYPTIC CROSSWORD Across 1 Remarkably gruff about pressure mounting (12) 8 Record one hit? Hard to produce commemoration (7) 9 Plug fitter for electrical accessory (7) 11 Song embodying unending territory somewhere in the USA (7) 12 Showing off curves, former wife caught in liaison (7) 13 Caught then time’s
      312 words
  • LIFE & CULTURE
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  • Page 32 Advertisements
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      112 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENNIA A HARSH, UNYIELDING ENVIRONMENT; AND SINCE 1875 THE HOME OF AUDEMARS PIGUET, IN THE VILLAGE OF LE BRASSUS. THE EARLY WATCHMAKERS WERE SHAPED HERE, IN AWE OF THE FORCE OF NATURE YET DRIVEN TO MASTER
      112 words
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      63 1 BT Living THE BUSINESS TIMES WEEKEND MAY 16-17, 2015 GET CRAFTY From shoe-making to tea appreciation, there’s a workshop just for you L2-5 PHOTO ILLUSTRATION: AIRYN DINING Guest chef Christophe Muller L5 DINING Restaurants i n unique spaces L8-9 STYLE Zegna at Milan Expo 2015 L10-11 DINING Aces go places
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  • BT Living
    • LIVING
      • Article, Illustration
        Lock icon Offbeat workshops
        2434 2 / 3  -  Sewing your own dress in this age of instant retail gratification? This and other workshops, surprisingly, are drawing participants who see value in getting crafty. By Tay Suan Chiang taysc@sph.com.sg @T aySuanChiangBT Beauty, writ large Modern Calligraphy www.facebook.com/workroomsg RUTH TAN is one crafty person, but we mean that
        PHOTO: THE WORKROOM; PHOTOS: SHOE ARTISTRY; PHOTOS: HUSH TEA BAR  -  2,434 words
    • DINING
      • Article, Illustration
        Lock icon If it ain’t broke, he won’t fix it
        1165 5  -  Christophe Muller, the youngest to receive the Meilleur Ouvrier de France at 27, believes in sticking with tradition. By Tay Suan Chiang guest chef By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT THERE is the saying: “If it ain’t broke, don’t fix it.” That
        PHOTO: WORLD GOURMET SUMMIT 2015  -  1,165 words
      • Article, Illustration
        Lock icon ACES GO PLACES
        1149 6 / 7  -  F&B veterans Patrick Heuberger and Beppe de Vito are aiming to raise the game in the dining scene with their innovative projects. By Jaime Ee and By Jaime Ee Tay Suan Chiang jaime@sph.com.sg @JaimeEeBT Casse-Croute The Club House, Block 8 Jalan Lempeng, #02-02 Park West Condo Z9630
        PHOTOS: YEN MENG JIIN  -  1,149 words
      • Article, Illustration
        Lock icon Chef de Vito’s Bali high
        1258 6 / 7  -  By Tay Suan Chiang taysc@sph.com.sg @T aySuanChiangBT il Lido Bali Jalan Raya Kerobokan No 38, Banjar Taman, Kuta ***** Bali, IndonesiaZ+62 361 *****5 E-mail: info@illidobali.com Osteria Art 55 Market Street Opens May 18 RESTAURATEUR Beppe de Vito is on a roll. Last month, he opened
        PHOTOS: IL LIDO  -  1,258 words
      • Article, Illustration
        Lock icon Off the eaten track
        1728 8 / 9  -  The conventional restaurant space is so last year. Unique settings and ambience are what some new eateries are banking on to woo diners. By Rachel Loi By Rachel Loi rachloi@sph.com.sg @RachelLoiBT Lepark 1 Park Road, People’s Park Complex rooftop carpark Opens Tue to Fri, 4pm-11pm; Sat
        PHOTOS: JENSEN CHING; PHOTOS: RED BARON; PHOTOS: DRUGGISTS, RACHEL LOI  -  1,728 words
    • STYLE
      • Article, Illustration
        Lock icon Into the woods
        1012 10 / 11  -  Art meets food and fashion in an ambitious event staged by luxury menswear brand Ermenegildo Zegna to kick off Milan Expo 2015. By May Yip By May Yip WHAT do risotto, woodland spirits and floral fabrics have in common with a swish menswear brand? ell, very little,
        1,012 words
    • TRAVEL
      • Article, Illustration
        Lock icon INDIE DESIGN HUB IN PENANG
        808 12  -  PENANGDesign Village in Batu Kawan is a S$110.9m nexis that aims to provide a different, more creative retail experience for shoppers. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg A SECOND premium outlet mall is being built in Malaysia at Batu Kawan, Penang, specifically but what’s
        PHOTO: PE LAND  -  808 words
    • HEALTH
      • Article, Illustration
        Lock icon Get healthier in a heartbeat
        1568 13  -  With increasing age, abnormal heart rhythm or atrial fibrillation, can be staved off with medication Michael Lim ~Dr Lim is the medical director at Singapore Heart, Stroke Cancer Centre. He is also the founding editor of ‘Heart Asia’, a journal of the British Medical Journal
        FILE PHOTO  -  1,568 words
    • MOTORING
      • Article, Illustration
        Lock icon A brand new drive
        616 14  -  The Toyota Camry 2.0 gets a new 2.0-litre engine and six-speed auto. By Samuel Ee samuelee@sph.com.sg IT’S been a couple of decades and the competition is now close enough to sniff its exhaust but the two-litre Toyota Camry is still Singapore’s favourite mid-sized Japanese sedan. There
        616 words
      • Article, Illustration
        Lock icon SMALL CAT, BIG PLANS
        611 15  -  The Jaguar XE sports saloon is the start of something big for the brand. By Samuel Ee By Samuel Ee samuelee@sph.com.sg I T may be the smallest Jaguar but the XE represents the biggest investment that the British carmaker has made for a new model. As
        611 words
    • BT CORPORATE GOLF LEAGUE 2015
      • Article, Illustration
        Lock icon New and old faces in 6th edition
        758 16  -  Audi Singapore returns as Presenter Sponsor, offering the latest Audi A6 as a Hole-in-One prize for all six games. By Justine Moss By Justine Moss WHEN this year’s edition of the Business Times Corporate Golf League tees off in July, there will be
        758 words
      • Article, Illustration
        Lock icon Sentosa Golf Club’s player adoption drive
        548 16  -  By Justine Moss WHEN Singapore’s No 1 amateur lady golfer Koh Sock Hwee tees off in next month’s South-east Asian (SEA) Games at Sentosa Golf Club (SGC), she will be hoping that home ground advantage plays a part in her bringing home a medal.
        GOLF CLUB  -  548 words
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      839 10 / 11 wine&dine with BTWeekend Atrium Lounge Marina Mandarin Singapore 6 Raffles Boulevard, Level 4Z6845-1111 Mother’s Day Three-Tier High Tea Set For all weekends in May, celebrate Mothers’ Day at the Atrium Lounge with a special Twinings Platinum high tea set. Indulge in a three-tier set with an array of specially created
      839 words
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