The Business Times, 18 May 2015

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL33486
Total Pages: 26
1 26 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    33 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD■BEST IN OVERALL REDESIGN■ S$1.00 q:h A SINGAPORE PRESS HOLDINGS PUBLICATION wvvw.businesstimes.com.sg [3 D@BTBreakingnews CO REGN NO ’l*****868E MCI (P) 051/08/2014 Monday, May 18,2015
    33 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    245 1 Major US stock indices can take flight this week if housing data lives up to expectations.TOP STORIES 3 Nobel Design Holdings plans to delay release of its Q1 unaudited results by two weeks, pending the board’s re-examination of its FY2014 audited financial statements. COMPANIES MARKETS 8 investors used
    245 words
  • Article
    Lock icon MARKETS
    26 1 MARKETS Weekly Change STI 3,463.10 +11.09 KL Comp 1,811.92 +4.27 Nikkei 225 19,732.92 +353.73 Hang Seng 27,822.28 +244.94 Shenzhen B 1,531.47 +72.88 Dow 18,272.56 +81.45
    26 words
  • Article
    Lock icon Analysts warn of subdued earnings
    1187 1  -  Singapore’s economic restructuring and shaky global growth could weigh on profits here for some time By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore ANALYSTS warn that the generally weak first-quarter earnings reported by listed companies here do not bode well for the rest of 2015, and many
    1,187 words
  • Article, Illustration
    Lock icon City mayor plays ambassador for UK’s financial services
    755 1  -  By Neil Behrmann btworld@sph.com.sg London WITH UK election uncertainty out of the way, the City of London the UK’s financial centre is aiming to boost trade and investment with the Association of South-East Asian Nations (Asean). In an interview, Alan Yarrow, Lord
    PHOTO: AFP  -  755 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      53 1 8 "*****1 *****4 LIMITED BUT SOLID MENU Vasco’s a welcome addition to Hong Kong Street DINING OUT/ 25 A PATEK PHILIPPE GENEVE Begin your own tradition. V 0 IL/pp xrir GENEVf r-Ci h 18 V 3 m EMPEROR WATCH AND JEWELLERY THE SHOPPING GALLERY AT THE HILTON, #01-07/08-Tel: 6737 5227
      53 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      24 1 SKILLSFUTURE Technology, regulations spurring skills upgrade in the financial sector top stories 3 TOPLINE Listening well in a chorus of data companies markets 4
      24 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 3
      15 1 UK ELECTION Some uncertainty but plenty of opportunities for Asia VIEWS FROM THE TOP 10-11
      15 words
Page thumbnail Page 2
  • TOP STORIES
    • Article
      Lock icon At a glance
      2055 2 glanceQ1 ended March 2015 NET PROFIT (S$M) TURNOVER (S$M) COMPANY CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 DBS Grp 1269.0 1231.0 3.1 2872.0 2649.0 8.4 2 OCBC Bk 993.0 899.0 10.5 2108.0 1887.0 11.7 3 UOB 801.0 788.0 1.6 1956.0 1752.0 11.6 4 Keppel Corp 360.2 338.7
      2,055 words
    • Article
      Lock icon DB Platinum
      9 2 Crod Branchen Stars R1C-A 11/05/2015 242,04 EUR
      9 words
    • Article, Illustration
      Lock icon Technology, regulations spurring skills upgrade in the financial sector
      1078 3  -  More specialist skills must also be developed to address job supply mismatch SKILLSFUTURE By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore AS IMPROVING technology and more regulation stretch the demands of business, and as the push for greater workforce efficiency gains pace, Singapore’s
      PHOTOS: REUTERS, ST FILE  -  1,078 words
    • Article, Illustration
      Lock icon Key indices may soar if housing data meets expectations
      824 3  -  WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg US stocks rose last week, and the broad Standard Poor’s 500 closed at a record high as stocks finally broke out of their 2015 box. What Is more, the major indices could take flight
      PHOTO: REUTERS  -  824 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      60 2 FROM THE HEART OF EURASIA FLY TO KAZAKHSTAN AND BEYOND Beijing Almaty 5 a week Beijing Astana 2 a week Bangkok Almaty 7 a week Bangkok-Astana 2 a week j r Kuala Lumpur-Almaty 3 a week Ho Chi Minh Almaty 2 a week air astana Hong Kong Almaty 2 i-
      60 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      26 2 Get rid of the new neighbours Hire pest control specialists or publicise your services in CLASS 116 To advertise, call the Print Classified Hotline: 1800-289 9988
      26 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      244 3 IME3EX ASIA SQ15 19-S1 May JOIN THE HEAVYWEIGHTS OF MARITIME DEFENCE ATIMDEX ASIA 2015 COMPLIMENTARY ADMISSION (Industry Trade Professionals only) 19-21 May Changi Exhibition Centre v; MS® 'M'X'V;: 1% -V Asia Flagship Maritime Defence Show Stay abreast of the latest in defence technologies and gain unparalleled access to VIP delegations
      244 words
Page thumbnail Page 4
  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Listening well in a chorus of data
      1362 4  -  Markit’s focus on quality sets it apart from its competitors, says co-founder and president Kevin Gould. BY KENNETH LIM TOPLINE Gould.BY KENNETH LIM kenlim@sph.com.sg @KennethLimBT Singapore Businesses exist to serve their customers’ needs. But what exactly do customers need? It does not take
      PHOTO: ARTHUR LEE  -  1,362 words
    • Article
      Lock icon Branding corporate governance
      890 4  -  Why it’s crucial to market governance practices. BY PHILIP FORREST T The writer is a member of the governing council of the Singapore institute of Directors IT is unfortunate that not many companies capitalise on their strong corporate governance practices even though the latter should be an
      890 words
    • Article, Illustration
      Lock icon Surge in share buybacks continues
      1463 5  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia Insider Limited THE buying rebounded sharply while the selling among directors was flat based on filings on the Singapore Exchange in the second week of May. Buyers outweighed sellers with 18 companies that
      BT Graphics  -  1,463 words
    • Article
      Lock icon Consolidation ratio is board’s decision: SGX
      191 5  -  LETTER TO THE EDITOR Patricia Choo Head of media communications Singapore Exchange I REFER to the letter “SGX, put a stop to excessive share consolidation ratios” (BT, May 12, 2015). I would like to thank Mr Sabnani for his support of the minimum trading
      191 words
    • Article, Illustration
      Lock icon STI / Catalist
      64 6 STI Catalist WEEKLY Straits Times Index May 15,2015 3,463.10 +11.09 (+0.32%) Current streak 3 days Week high 3,470.80 Week low 3,442.33 52-week high 3,525.19 (Apr 17, 2015) 52-week low 3,167.73 (Oct 17, 2014) FTSE ST Catalist Index May 15,2015 709.79 -9.76 (-1.36%) Current streak 3 days Week high 711.42 Week
      64 words
    • Article, Illustration
      Lock icon Rising bond yields are a worry
      633 6  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT Although stock market movements are supposedly random and uncertain, there are a few observations about the current state of equities that we can make with a reasonably high degree of certainty. The first is that although the Dow
      633 words
    • Article
      Lock icon STI STOCKS
      308 6 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 250 +4 253/241 271 219 5.8 6321.9 CapitaLand 350 -8 362/346 379 293 12.8 2.6 *****.5 CapitaMall Trust 219 +6 220/212 228 188.5 4.9 7598.7 CityDev 1022 -6 1037/1005 1095 915 12.3
      308 words
    • Article
      Lock icon MOST ACTIVE
      34 6 VOLUME WE 468,958,100 IHC 220,884,400 Pacific Andes 219,389,500 KLW Hldgs 189,782,100 Golden Agri-Res 188,211,600 Market volume 7,528,800,000 VALUE Singtel 297,579,236 DBS Grp 262,532,519 UOB 232,592,751 CapitaLand 231,968,350 SGX 173,536,366 Market value 4,998,692,000
      34 words
    • Article
      Lock icon SGX ETFS
      110 6 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 350 +2 1119 351/347 355/319 350/351 IS MS India US$ US739 +16 844 743/716 1000/675 740/743 92.4 UETF SSE50China 295 +5 568 315/291 318/140 294/300 92.2 Nikko AM STI ETF 356 +3 434 357/352
      110 words
    • Article
      Lock icon COMPANY MEETINGS
      120 6 COMPANY MEETING PLACE DATE TIME Cambridge Ind Tr E STI Auditorium 168 Robinson Rd (Lvl 9) Capital Tower 19-May 10.00am Technics Oil Gas E 72 Loyang Way 20-May 10.00am Low Keng Huat A Grand Mercure Roxy S'pore Roxy Room (Lvl 4) 50 East Coast Road Roxy square 22-May
      120 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 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
      77 words
    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 6 STI FTSE ST All-Share WEEKLY ftse ST All-Share index May 15,2015 830.39 +3.08 (+0.37%) Current streak 3 days Week high 831.03 Week low 825.46 52-week high 845.85 (Apr 17, 2015) 52-week low 766.44 (Oct 17, 2014)
      36 words
    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 6 STI MSCI EAFE WEEKLY MSCI EAFE Index May 15,2015 1,949.49 +24.05 (+1.25%) Current streak 3 days Week high 1,949.49 Week low 1,920.31 52-week high 1,993.20 (July 4, 2014) 52-week low 1,729.52 (Jan 9, 2015)
      34 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 6 2 0 0 0 8 6 2 Manufacturing 72 71 30 11 20 10 83 91 40 Commerce 29 31 12 8 7 4 37 38 16 Tpt/Stor/Comms 14 16 12
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 82,617 82,617 332,938 332,938 Manufacturing 937,456 463,627 1,401,083 588,793 26,480 615,273 Commerce 405,193 648,653 1,053,846 323,901 12,650 336,551 Tpt/Stor/Comms 631,900 1,653 633,553 746,001 135 746,136 Finance 124,247 347 124,594 866,435 66 866,501 Construction 217,064 72,871
      123 words
    • Article
      Lock icon GAINERS
      77 6 BY CENTS CLOSE UP 52w high/low DBXT Nifty US$ ***** 537.3 3.2 *****/***** Prudential USD 2500 443.4 15.5 2500/2150 GLD US$ ***** 407.6 2.7 *****/***** DBXT E50 US$ 5261 215.7 3.2 5630/4562 DBXT MSEurope US$ 6241 187.9 2.3 6492/5366 BY PERCENTAGE CLOSE UP 52w high/low MirachEnergy 1 53.5 568.8
      77 words
    • Article
      Lock icon LOSERS
      79 6 BY CENTS CLOSE DOWN 52w high/low DBXT iBoxxSig SG$ ***** -205.0 -1.6 *****/***** DBS Bk 4.7% NCPS ***** -170.0 -1.6 *****/***** DBXT Vietnam US$ 2314 -145.6 -4.5 3100/2314 DBXT MSCHINA US$ 1671 -71.5 -3.1 1750/1186 DBXT ASX200 US$ 3777 -67.5 -1.3 4403/3530 BY PERCENTAGE CLOSE DOWN 52w high/low UOB
      79 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      83 6 VOL CLOSE($) CHANGE Lizhong Wheel 559.8 0.295 +0.055 +22.92 Luzhou Bio-Chem 999.9 0.023 +0.002 +9.52 Infinio 5,444.9 0.002 -0.001 -33.33 AIM 50.0 0.062 -0.020 -24.39 Lereno Bio-Chem 6,170.0 0.005 +0.001 +25.00 Ossia Intl 667.3 0.280 +0.020 +7.69 Hosen 235.0 0.059 +0.004 +7.27 Sinjia Land 19,474.5 0.108 +0.015 +16.13
      83 words
    • Article, Illustration
      Lock icon Copper steadies as dip in US$ offsets worries about demand
      537 6 COMMODITIES REUTERS London COPPER prices edged into positive territory on Friday as a slightly weaker US dollar balanced worries that a recent rally was overshooting the sup-ply-demand fundamentals. Most industrial metals fell earlier in the European session, but erased their
      REUTERS; PHOTO: BLOOMBERG  -  537 words
    • Article
      Lock icon The cautionary tale of Malaysia’s inflation
      402 7  -  CURRENCIES By Daniel Ang T The writer is an investment analyst at Phillip Futures THE relevance of oil in our daily lives is often understated. Many consumer products are derived from oil and these form a major component in consumer spending worldwide. However, with
      402 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        3 7 WEEKLY
        3 words
      • Article
        Lock icon INTERBANK CROSS RATES
        471 7 May 15 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.965 4.987 0.706 6.229 51.064 105.158 0.960 8.726 2.867 1.078 81.852 35.766 1.064 9.495 0.735 24.477 26.962 0.510 0.804 Canada 1.037 5.169
        471 words
      • Article, Illustration
        Lock icon NIKKEI
        2 7 WEEKLY
        2 words
      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        3 7 COMPOSITEWEEKLY
        3 words
      • Article, Illustration
        Lock icon DOW JONES
        3 7 WEEKLY
        3 words
      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 7 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
        155 words
      • Article
        Lock icon US$/S$ FORWARD RATES
        22 7 May 15 S$ Bid Offer 1-month 1.3239 1.3247 2-months 1.3244 1.3253 3-months 1.3249 1.3260 6-months 1.3264 1.3277 Source: OCBC
        22 words
    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        401 7 May 15 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.33 *****.46 *****.02 May15 *****.00 *****.50 *****.50 *****.00 *****0 *****8 Jun15 *****.50 *****.00 *****.50 *****.00 ***** ***** NIKKEI 225 INDEX FUTURES SPOT *****.17 *****.76 *****.75 Jun15 *****.00 *****.00 *****.00 *****.00 ***** *****4 Sep15
        401 words
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        212 7 Most active May 15 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left WE Holdings Ltd W*****5 0.2 -0.1 *****5 1 0 3 Elektromotive Group w*****5 0.1 unch ***** 1 1 60 FTSEChinaA50 ***** MBePW*****0 12.8 0.7 ***** 0.0
        212 words
      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 7 In local curr In S$ In US$ dy yr dy yr dy yr May 15 Index Change Change Change Change Change Change World Preliminary 1353.1 0.0 6.1 0.1 5.1 0.1 5.6 EAFE Preliminary 1094.3 0.2 10.9 0.4 9.4 0.4 9.8 Europe Preliminary 1527.5 -0.3 10.6
        373 words
    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 7 May 15 $S Offer Bid 0vernight 0.10 0.05 1-month 0.75 0.625 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.10 US$ 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
        154 words
      • Article
        Lock icon SIBOR
        36 7 May 15 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.‘ Thamson Reuters
        36 words
      • Article
        Lock icon GOVERNMENT SECURITIES
        67 7 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
        67 words
    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        193 7 May-15 Price Net change change Last Trade Agricultural May-15 CBOT Soybeans (US cents/bu) 953.25 -3.75 -0.39% 14/07/2015 CBOT Soybean Oil (US cents/lb) 33.07 -0.27 -0.81% 14/07/2015 CBOT Wheat (US cents/bu) 511.00 -3.25 -0.63% 14/07/2014 May-15 LIFFE Cocoa (£/tonne) 2068.00 19.00 0.93% 16/07/2015 LIFFE Coffee (US$/tonne) 1701.00 -3.00 -0.18%
        193 words
      • Article
        Lock icon PALM OIL
        53 7 May 15 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 15 2199.0 364 Jun 15 2217.0 2191.0 2218.0 2186.0 1085 ***** Jul 15 2216.0 2188.0 2218.0 2182.0 ***** ***** Aug 15 2216.0 2188.0 2219.0 2184.0 ***** *****
        53 words
    • Article, Illustration
      Lock icon Nobel Design delays release of Q1 results
      481 8  -  Extension request to SGX comes after shareholders at AGM last month raised concerns of possible accounting discrepancies By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore EMBATTLED furniture company Nobel Design Holdings last Friday announced plans to delay release of its first quarter FY2015 unaudited
      FILE PHOTO  -  481 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      2591 8 Payment Ex Rec Pay Ann (cts) date date date date 8Telecom Intl by 0.130 07-May 11-May 25-May 13-Apr 8Telecom Intl bn 0.130 07-May 11-May 25-May 13-Apr ABR Hldgs ak 1.500 06-May 08-May 28-May 10-Apr Acendas India Trust ak 2.460 06-May 08-May 26-May 29-Apr Adv Integrated Mufg ak 0.230
      2,591 words
    • Article
      Lock icon Asia Fashion nets 8.9m yuan Q1 gain
      387 8  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore ASIA Fashion Holdings, the former synthetic fabric maker now in the materials business, reported net profit to shareholders of 8.9 million yuan (S$ 1.9 million) from continuing operations for its first quarter ended March 31, 2015. Revenue
      387 words
    • Article
      Lock icon PRIME LENDING RATES
      261 8 Apr 15 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications 5.50 Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited Bank of Tokyo-Mitsubishi Bank of Communications Banque Internationale a Bank of East Asia
      261 words
    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1458 8 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Accordia Golf Trt 1.00 1.00 1 0.04 21.01 1.05 0.81 AIMS AMP Cap Industrial Reit 1.00 1.00 2 0.12 12.69 1.69 1.49 Amtek Engineering 1.00 1.00 1
      1,458 words
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      52 4 Blogs Miss Ann Thrope Write on the Money Metadata R Sivanithy shares his observations on the Singapore stock market at Write on the Money, Kenneth Lim discusses the news from a data-driven perspective at Metadata, while Joyce Hooi mercilessly points out the absurdities of life at Miss Ann Thrope. businesstimes.com.sg/blogs
      52 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      1561 5 PUBLIC OFFER OPEN From 13 May 2015, 9.00 a.m. To 20 May 2015, 12 noon Placement fully subscribed FRASERS CENTREPOINT LIMITED FIXED RETURNS FROM THE BONDS GUARANTEED BY FRASERS CENTREPOINT LIMITED 7-YEAR BONDS 3.65%P.A. Central Park Sydney, Australia Mixed-Use Development Frasers Centrepoint Limited (“FCL” or the “Guarantor”) is headquartered in
      1,561 words
Page thumbnail Page 6
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      165 7 Trade NDFs Online with Phillip Futures An Asian Financial House with a Global Reach -i.t k^i 6538 0500 futures@phillip.com.sg www.phillipfutures.com.sg 250 North Bridge Road #07-01 Raffles City Tower Singapore *****1 PhillipCapital Your Partner In Finance This advertisement is for general information only and does not constitute a recommendation, offer or
      165 words
Page thumbnail Page 8
Page thumbnail Page 9
  • REAL ESTATE
    • Article, Illustration
      Lock icon Japan grapples with problem of decaying, vacant homes
      722 9  -  Shrinking population and the young migrating to urban centres add to decay By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN’S problems with a rapidly ageing and declining population have been widely publicised. Less so however, is that there is vast stock of ageing and
      PHOTO: BLOOMBERG  -  722 words
    • Article
      Lock icon SM Prime gets deal for 138b peso Cebu reclamation venture
      378 9 BLOOMBERG Manila SM PRIME Holdings Inc was awarded a deal to reclaim and develop land in the central Philippine province of Cebu in a project valued at 138 billion pesos (S$4.1 billion). The 1,500 hectare redevelopment may be completed in
      BLOOMBERG  -  378 words
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      2548 9 The Business Times Ik ■y I 1 X /“I I 1 Toll free 1800-289-8822 I fl I I Email notices@sph.com.sg i i L J www.sphclass.com.sg/notices Incorporated in France with limited liability Head Office: 9 quai du Président Paul Doumer ***** Paris La Défense cedex France Tel: 33 1 41 89
      2,548 words
Page thumbnail Page 10
  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Plenty of opportunities amid some uncertainty
      2795 10 THIS WEEK’S TOPIC What are the economic consequences of the UK election? What impact, if any, would there be on businesses in Asia? Angela Campbell-Noë Senior Partner Tulchan Communications DAVID Cameron faces a number of issues he must manage against the backdrop of a
      PHOTO: BLOOMBERG  -  2,795 words
Page thumbnail Page 11
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      2031 11 The Business Times Ik 1 T/"1 I 1 Toll free 1800-289-8822 ly| I I Email noticesSsph.com.sg i I i L J www.sphclass.com.sg/notices Assets UniCredit Bank AG, Head Office: Kardinal-Faulhaber-Strasse 1, ***** Munich, Germany. Telephone +49 089 378-0 Singapore Branch: 30 Cecil Street #25-01 Prudential Tower, Singapore *****2 Tel: +65 6413
      2,031 words
Page thumbnail Page 12
  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article
      Lock icon A basket of stocks with one click
      2217 12  -  Exchange-traded funds are seeing significantly higher turnover this year. BY GEOFF HOWIE T The writer is SGX’s market strategist INVESTMENT funds that track benchmark indices and trade on an exchange just like stocks continue to shape the financial services arena. Exchange-traded funds (ETFs)
      2,217 words
    • Article, Illustration
      Lock icon What if the US dollar weakens?
      433 12  -  By Scott Migliori T The writer is chief investment officer of US equities, Allianz Global Investors AT the beginning of 2015, market consensus was for the US dollar (USD) to remain strong versus most other major currencies, a consensus based on the belief that
      PHOTO: BLOOMBERG  -  433 words
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      105 12 GET STARTED NOW Be a young investor Do you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      105 words
Page thumbnail Page 13
  • BANKING & FINANCE
    • Article
      Lock icon Cheap money turns into liquidity trap
      608 13 Abundance of cash has made it harder for investors to sell their financial assets without triggering wild price swings REUTERS London INVESTORS used to thinking that vast quantities of cheap central bank money make financial assets a one-way bet have had a rude awakening
      REUTERS  -  608 words
    • Article, Illustration
      Lock icon UK may extend trading plan deadline to sell more Lloyds shares
      442 13 REUTERS London BRITAIN is considering selling more shares in Lloyds Banking Group by extending a trading facility beyond the current deadline at the end of June, people with knowledge of the matter said. Morgan Stanley has sold a 5
      REUTERS; PHOTO: BLOOMBERG  -  442 words
    • Article
      Lock icon Deutsche Bank co-CEOs say they won’t be stepping down
      293 13 REUTERS Berlin THE co-chief executives of Deutsche Bank ruled out stepping down, despite criticism from investors over a series of fines and legal problems that have hit the bank, in an interview published in a German newspaper. The bank, fined a
      REUTERS  -  293 words
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      60 13 c e m r\ a UJ c S r\ B U i ROC caw ivi Bi 1 -i 1? >- J J j 4J J I HPiS wwn The muse comes when you least expect it. If you've had that aha moment, submit your best work for the 11th SPH
      60 words
Page thumbnail Page 14
  • ENERGY & COMMODITIES
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      1856 14 Wells Fargo Company and Subsidiaries (Incorporated in the United States of America) [in USD] CONSOLIDATED STATEMENT OF INCOME CONSOLIDATED BALANCE SHEET Year ended December 31, (In millions, except per share amounts) 2014 2013 2012 December 31, (In millions, except shares) 2014 2013 INTEREST INCOME Trading assets 1,685 1,376 1,358 Investment
      1,856 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      1191 15 THE BUSINESS TIMES NOTICES IN THE MATTER OF SECTION 210 and 328 OF THE COMPANIES ACT (Cap. 50,) AND IN THE MATTER OF TACTIC ENGINEERING PTE LTD (HEN *****1619M) NOTICE OF MEETING OF CREDITORS TO CONSIDER SCHEME OF COMPROMISE AND ARRANGEMENT NOTICE IS HEREBY GIVEN that by an Order made
      1,191 words
    • Advertisement
      Lock icon Page 15 Advertisements Column 2
      2490 15 Statements of Financial Positionas at 31 December 2014 The Group The Bank 2014 2013 2014 2013 RM’000 RM’000 RM’000 RM’000 Assets Cash and short-term funds 25,456,055 24,941,166 21,435,099 18,467,152 Reverse repurchase agreements 4,512,949 7,993,092 4,406,653 5,321,399 Deposits and placements with banks and other financial institutions 3,844,882 3,666,536 5,383,015 7,950,214 Financial
      2,490 words
Page thumbnail Page 16
  • TECHNOLOGY
    • Article, Illustration
      Lock icon On the bleeding edge of technology
      635 16  -  Apple’s MacBook is beautiful and forward looking, but not for everyone By Christopher Lim limchris@sph.com.sg @ChrisLimBT Singapore THE MacBook laptop is the sort of bleeding edge technology that Apple has not ventured into since Steve Jobs pulled the original MacBook Air out of a
      635 words
    • Article
      Lock icon Smartphones are leading to smart shoppers: study
      350 16 WP Washington NOT long ago, the sight of shoppers swiping and typing on their smartphones at the mall was the stuff of retailers’ nightmares. The logic was that these people were doing what is known in the industry as “showrooming” browsing the stores
      WP  -  350 words
    • Article, Illustration
      Lock icon Smaller, cheaper Surface 3 hits the sweet spot
      806 17  -  It runs full Windows operating system, has a Mini DisplayPort and autofocus camera By Christopher Lim limchris@sph.com.sg @ChrisLimBT Singapore THOSE who consider Microsoft’s Surface Pro 3 tablet PC expensive overkill may find that the smaller and cheaper Surface 3 hits the sweet
      806 words
    • Article
      Lock icon Netflix explores launch of its streaming service in China
      299 17 NYT New York NETFLIX is in preliminary discussions with a handful of Chinese media companies to explore how it can bring its streaming service to China, a development that has the potential to increase its subscriber counts but also faces significant
      NYT  -  299 words
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      1767 16 Skandinaviska Enskilda Banken Head Office: Kungsträdgårdsgatan 8, Stockholm, Sweden BALANCE SHEET 31 December SEB Group 2014 2013 SEKm SEKm Cash and cash balances with central banks 103,098 173,950 Other lending to central banks 16,817 9,661 Loans to other credit institutions 90,945 102,623 Loans to the public 1,355,680 1,302,568 Securities held
      1,767 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 2
      1216 16 INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED (Incorporated in The People’s Republic of China) Head Office 55 Fuxingmennei Dajie, Xicheng District, Beijing, China Tel: 86-10-6610 6027 www.sphclass.com.sg/notices 6610 6026 Tlx: ***** ICBHOCN Fax: (10) 6610 6011 Singapore Branch 6 Raffles Quay #12-01, Singapore *****0 Tel: 6538 1066, Fax: 6538 1
      1,216 words
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      1424 17 ARAB BANK GROUP (Incorporated In Amman, Jordan) Consolidated Statement of Financial Position as at December 31 Assets 2014 2013 USD ‘000 USD ‘000 Cash and balances with central banks 7 391 974 8 179 537 Balances with banks and financial institutions 4 664 078 3 491 694 Deposits with banks
      1,424 words
Page thumbnail Page 18
  • CONSUMER
    • Article, Illustration
      Lock icon Mozart and mood lighting for healthier chickens
      851 18 Kee Song Group aims to mass produce drug and hormone-free poultry at reasonable prices REUTERS Yong Peng, Malaysia IN BARNS filled with classical music and lighting that changes to match the hues outside, rows of chickens are fed a diet rich in probiotics,
      REUTERS; PHOTOS: REUTERS  -  851 words
    • Article
      Lock icon US smokers who want to quit getting new option
      923 18 A cheaper pill without known side-effects is on the way WP Washington RICK Stewart didn’t know about the laburnum trees growing in Bulgaria and their potential to produce a drug for quitting smoking back when he was the chief executive of
      WP  -  923 words
  • Page 18 Advertisements
    • Advertisement
      Lock icon Page 18 Advertisements Column 1
      944 18 Bank Morgan Stanley AG Balance Sheet as at 31 December 2014/2013 Amounts in CHF ‘000 31.12.2014 31.12.2013 Assets Liquid assets 762,492 556,738 Due from money-market instruments 2,361,072 1,970,515 Due from banks 1,999,102 1,778,645 Due from customers 1,440,695 1,056,172 Participations 12 12 Fixed assets 1,264 2,011 Accrued income and prepaid expenses
      944 words
Page thumbnail Page 19
  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Fed expected to cut US growth forecasts
      783 19 But it may still continue with its plans to raise interest rates later this year BLOOMBERG New York FEDERAL Reserve officials will probably cut their forecasts for economic growth when they gather again next month, though not enough to deter their intent to
      BLOOMBERG  -  783 words
    • Article, Illustration
      Lock icon Obamas’ net worth as much as US$6.9m, US filing shows
      595 19 BLOOMBERG Washington PRESIDENT Barack Obama and his wife, Michelle, own assets worth US$1.9 million to US$6.9 million, according to financial disclosures. The Obamas, employing a cautious investment strategy while in the White House, hold much of their wealth at least
      BLOOMBERG; PHOTO: AFP  -  595 words
    • Article
      Lock icon Fed lacks power to deal with next US contraction: economist
      367 19 BLOOMBERG London THE US economy is driving along without much insurance for when it crashes. Almost six years since the bottom of the last recession, the world’s largest economy lacks the monetary and fiscal power to reverse the next contraction
      BLOOMBERG  -  367 words
    • Article
      Lock icon India to open US$1b credit line to finance Mongolia infrastructure
      514 20 Agreements also signed in such areas as renewable energy, cyber security and dairy production REUTERS AFP Ulan Bator INDIA will open a US$1 billion credit line to bolster Mongolia’s “economic capacity and infrastructure”, the Mongolian and Indian prime ministers announced
      REUTERS; AFP  -  514 words
    • Article, Illustration
      Lock icon Greece had warned EC and IMF it won’t be able to pay up
      717 20 AFP REUTERS Athens GREEK Prime Minister Alexis Tsipras had warned foreign officials that Athens would not be able to pay the 750 million euros (S$1.1 billion) due this month to the IMF, Greek newspapers said on Sunday.
      AFP; REUTERS  -  717 words
    • Article
      Lock icon Investor flight from funds with Treasury holdings biggest in 10 weeks
      309 20 REUTERS New York AMID a surge in global bond yields, investors worldwide pulled US$ 1.9 billion out of funds that mainly hold US Treasuries in the week ended May 13, marking the biggest outflows in 10 weeks, a Bank
      REUTERS  -  309 words
    • Article, Illustration
      Lock icon Declining yields on bonds hurt corporate pension schemes
      692 21 Firms have to set aside billions in extra cash to meet pension obligations to employees LOW EUROPE RATES AFP Frankfurt HISTORICALLY low interest rates in the euro area are becoming an increasing headache for companies forced to set aside billions in extra
      AFP; PHOTO: REUTERS  -  692 words
    • Article
      Lock icon Insurers, pension funds hit hard, voice alarm
      616 21 AFP Paris WHILE borrowers rejoice at the ultra low and even negative interest rates in Europe, savers fret and life insurance companies and pension funds face what is virtually a mission impossible. Despite a spike in sovereign bond yields in the past couple
      AFP  -  616 words
    • Article, Illustration
      Lock icon Yingluck’s trial seen denting dominance of Shinawatra clan
      740 22 Former PM is accused of criminal negligence over economically disastrous rice subsidy scheme AFP Bangkok THAILAND’S first female prime minister Yingluck Shinawatra faces court on Tuesday at the start of a negligence trial which could see her jailed for a decade and
      AFP  -  740 words
    • Article
      Lock icon Growth of 3% for Thailand a challenge, says BOT governor
      442 22 REUTERS Bangkok AN economic growth rate of 3 per cent for Thailand this year will be a challenge, the country’s central bank governor said, indicating that South-east Asia’s second largest economy will expand well below the rate forecast by the
      REUTERS  -  442 words
    • Article, Illustration
      Lock icon Abbott rival pushing media reform to boost profile
      733 22 Communications Minister Malcolm Turnbull seeks to end media ownership limits REUTERS Sydney EFFORTS in Australia to drive forward new laws scrapping media ownership limits have more to do with a rival trying to put Prime Minister Tony Abbott in a bad light
      REUTERS; PHOTO: REUTERS  -  733 words
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      1211 19 Bank Julius Baer Co. Ltd. Consolidated Balance Sheet 31.12.2014 31.12.2013 Assets CHF 1,000 CHF 1,000 Cash 9,827,206 9,561,718 Due from banks 10,965,574 12,784,222 Loans 30,886,105 25,415,108 Trading assets 7,468,042 5,862,818 Derivative financial instruments 2,973,343 1,245,166 Financial assets designated at fair value 121,823 Financial investments available-for-sale 14,060,425 13,014,788 Property and equipment
      1,211 words
Page thumbnail Page 20
  • Page 20 Advertisements
    • Advertisement
      Lock icon Page 20 Advertisements Column 1
      611 20 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
      611 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      1905 21 The Business Times L I 1 I /"I I 1 P Toll free 1800-289-8822 I I Email notices/fsph.com.sg I M 1 i B j www.sphclass.com.sg/notices THE BVI BUSINESS COMPANIES ACT, 2004 FS KLCC (MSIA) LIMITED (The “Company”) NOTICE OF LIQUIDATOR’S APPOINTMENT Notice is hereby given pursuant to Section 204(1 )(a)(i)
      1,905 words
Page thumbnail Page 22
  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      118 22 printpack+sign Singapore’s printing, packaging signage business exhibition Come away with genuine solutions, exciting ideas and a fresh outlook on printing, packaging signage. SignZ Mma m 29 31 JULY 2015 Marina Bay Sands, Singapore Sands Expo Convention Centre Level 1, Hall B Free* admission Register now! www.PrintPackSign.com/reg/2 Interested to exhibit? Tel:
      118 words
    • Advertisement
      Lock icon Page 22 Advertisements Column 2
      60 22 tin e 1=7/7 91.3 DJ GUESSING GAME GUESS WHO'LL BE JOINING ANDRE HOEDEN ON ONE EM’S #1 BREAKFAST SHOW IN JULY! GET IT RIGHT ONE FIVES #1 W 7*0 1 UI,I: rm 31tl U N£Ffi/l 97 3 I BREAKFAST SHOW 7"Q rni 11 n Rfr rA| 1 |Mr COULD BE
      60 words
    • Advertisement
      Lock icon Page 22 Advertisements Column 3
      39 22 THE GREAT DIGITAL SALE $1.50 FATHER’S DAY SPECIAL buys you and Dad a digital treat! JUST$36AYEARFORANY2MAGAZINES! ONLY $1.50 PER DIGITAL ISSUE (USUAL: $5 $6.90) SubscribeNow! www.sphmagazines.com.sg/fathersday Offer valid till June 30. Available for iOS or Android tablets and smartphones
      39 words
    • Advertisement
      Lock icon Page 22 Advertisements Column 4
      153 22 In this seminar, we will share with you the methods to identify fundamentally sound stocks with good dividend yields. You will learn the interpretation and use of key financial ratios for dividend analysis as well. Learning Points: Importance of investing in dividend stocks Identification of stocks that provide good dividend
      153 words
Page thumbnail Page 23
  • TRANSPORT
    • Article, Illustration
      Lock icon Amtrak told to improve safety after fatal crash
      675 23 It is required to put in a speed-control system on all northbound trains REUTERS Washington AMTRAK must take immediate steps to improve the safety of its busiest route after a derailment in Philadelphia last week that killed eight passengers and sent more
      REUTERS; PHOTO: REUTERS  -  675 words
    • Article
      Lock icon Greek efforts to privatise Piraeus port, airports to continue
      467 23 BLOOMBERG London GREECE will continue with efforts to privatise the country’s largest port and regional airports as it seeks ways to attract investment for other state assets, Economy Minister George Stathakis said, in a government concession in talks with its creditors.
      BLOOMBERG  -  467 words
    • Article
      Lock icon Air Berlin has one last shot at turnaround: CEO
      262 23 REUTERS Berlin AIR Berlin has one last shot at turning itself around, its chief executive told a German newspaper, underlining the scale of the challenge facing Germany’s second largest airline. The budget airline, 29 per cent owned by Abu Dhabi-based Etihad,
      REUTERS  -  262 words
    • Article
      Lock icon SHIPPING TIMES
      1903 24 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL KUC KK JKT SUR DREAM JASMINE 13 100 20/5 21/5 23/5 TAIKLI 37 80 55 30/5 1/6 4/6 6/6 MALAYSIA
      1,903 words
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      320 23 x DBS thesundaytimes INVE$T SEMINAR2015 THE GRAND BALLROOM, THE RITZ CARLTON, MILLENIA SINGAPORE SATURDAY, 30 MAY 2015,9.30AM TO 2PM It's never too early to think of retirement. And it's never too late to start investing. Want to get started but unsure of how to take the first step? Come and
      320 words
Page thumbnail Page 24
  • Page 24 Advertisements
    • Advertisement
      Lock icon Page 24 Advertisements Column 1
      105 24 Experienced !>h;p maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THB1SLSINESS TIMES Shipping times Make A Splash In The Maritime World Via s^'Bmaritime.coM Ahoy there! If you are in a business pertaining to any sector of the
      105 words
Page thumbnail Page 25
  • DINING OUT
    • Article, Illustration
      Lock icon A limited but solid menu at Vasco
      915 25  -  The food is cooked with care and has a pleasant wholesomeness to it and the restaurant is a welcome addition to Hong Kong Street. BY JAIME EE BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT Vasco 42 Hong Kong Street Tel: 8799-7085 Open Mon
      915 words
  • Page 25 Advertisements
    • Advertisement
      Lock icon Page 25 Advertisements Column 1
      63 25 Our App cannot tell you how fast you ran, but we certainly can bring you up to speed in no time. DOWNLOAD THE ALL-NEW ASIAONE APP All the top publications in one FREE app. The newAsiaOne mobile app gives you instant access to the latest news, interesting lifestyle features and
      63 words
Page thumbnail Page 26
  • LIFE & CULTURE
  • Page 26 Advertisements
    • Advertisement
      Lock icon Page 26 Advertisements Column 1
      31 26 4Want access to BBQ pits? If you're looking for your dream condo complete with facilities, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
      31 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      382 26 CRYPTIC CROSSWORD Across 1 This person’s clutching short order for something from pharmacy (8) 5 Little person, not half unhappy type? (6) 9 Bird beginning to roost on old rubbish receptacle (5) 10 Old people, quiet folk in Moscow maybe (9) 12 False Messiah, nut showing zeal (10) 13 Auntie
      382 words