The Business Times, 20 May 2015

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Total Pages: 28
1 28 The Business Times
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  • Title Section
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    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 I} D@BTBreakingnews CO REGN NO ’l*****868E MCI (P) 051/08/2014 Wednesday, May 20,2015
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  • Article
    Lock icon MARKETS
    28 1 MARKETS Tuesday Change STI 3,454.04 -5.53 KL COMP 1,809.72 -13.78 NIKKEI 225 20,026.38 +136.11 HANG SENG 27,693.54 +102.29 SHENZHEN B 1,550.20 -5.69 DOW (11.45am EDT) 18,317.08 +18.20
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  • Article
    Lock icon Developers face hefty extension charges over unsold units
    1416 1  -  They may incur up to S$90m from April to December this year and S$238m in 2016 if the market stays quiet: C&w By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore PROPERTY developers may incur up to S$90 million in extension charges for unsold units
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  • Article, Illustration
    Lock icon Singapore a hotspot for global retailers: study
    713 1  -  By Debbie Yong debyong@sph.com.sg @DebbieYongBT Singapore SINGAPORE is the second hottest target market in the world for global retailers, according to a recent study by research firm CBRE. Second only to Tokyo, Singapore saw 58 new entrants over the course of 2014 double
    PHOTO: UNDER ARMOUR  -  713 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    214 1 The vision of an Asean Economic Community by end-2015 is some way off from being realised, with many sectors still far from integrated today, says McKinsey Company. TOP STORIES 2 The Singapore Commercial Credit Bureau and the Hospitality Alliance Singapore launch the new SCCB Hospitality Credit Report with
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      132 1 8"*****1 *****4 HOCK LOCK SIEW Damaging ‘stealth’ crashes in penny stocks COMPANIES MARKETS 6 r Deutsche Bank db.com Only a strong bank can forge successful partnerships. 'PaSZiCn*.'fv fhYi rs V 1 if Mr i Tf This advertisement has been approved and/or communicated by Deutsche Bank AG or by its subsidiaries
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      23 1 SOCIAL RESPONSIBILITY Sustainability is Dutch-based DSM’s value driver LEADERSHIP IN SUSTAINABILITY 15 MONEY MATTERS Asia’s ageing shields bonds from rout EXEC MONEY 27
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      12 1 COMPARISON PLATFORM Get.com banks on tech, transparency and teamwork TOP STORIES 3
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  • TOP STORIES
    • Article, Illustration
      Lock icon AEC vision some way from being realised
      654 2  -  McKinsey’s Asia chairman says progress towards a single market depends on whether Asean businesses are willing to devote resources to it ASEAN MOVES By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT Singapore THE vision of an Asean Economic Community (AEC) by end-2015 is some way
      Source: McKinsey & Company  -  654 words
    • Article, Illustration
      Lock icon Bank Indonesia resists pressure to cut interest rates
      598 2 BLOOMBERG Jakarta INDONESIA’S central bank kept its benchmark interest rate unchanged for a third straight month, resisting monetary easing less than two weeks after the government said it would do so gradually. The central bank also said it will loosen lending rules
      BLOOMBERG; PHOTO: AFP  -  598 words
    • Article, Illustration
      Lock icon Malaysian growth expected to ease after robust Q1: AffinHwang
      637 2  -  By Pauline Ng btwor|d@sph.com.sg Kuala Lumpur ECONOMIC activity in Malaysia is expected to taper off significantly in the second and third quarters, as consumers hunker down after frantic stocking in the lead-up to the new consumption tax, which plumped up the
      FILE PHOTO  -  637 words
    • Article, Illustration
      Lock icon Comparison platform banks on three T’s to Get there
      765 3  -  Get.com’s founders say its winning formula lies in technology, transparency and teamwork STARTUPS By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT THE year is shaping up to be a homecoming of sorts for Singapore-based startup Get.com. A comparison platform for credit cards, home loans,
      PHOTO: ARTHUR LEE  -  765 words
    • Article
      Lock icon Accelerator doubles pre-seed investment to S$50k per startup
      611 3  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT JOYFUL Frog Digital Incubator (JFDI) said to be Singapore’s flagship startup accelerator on Tuesday announced that it would be doubling its immediate (ie pre-seed) investment in its upcoming batch of startups to S$50,000 each for an 8.88
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    • Article
      Lock icon New credit report to help hospitality firms manage credit risk
      405 4  -  Report from S’pore Commercial Credit Bureau and Hospitality Alliance S’pore will also help creditors review credit facilities and take pre-emptive measures By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT THE Singapore Commercial Credit Bureau (SCCB) and the Hospitality Alliance Singapore (HAS) have launched
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    • Article
      Lock icon S’pore wins bid to host Lions Clubs International meeting in 2020
      391 4  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT SINGAPORE has won the bid to host the 103rd Lions Clubs International (LCI) Convention, which is expected to bring the city-state more than S$ 58 million in tourism receipts when it is held here
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    • Article, Illustration
      Lock icon A*Star to continue to enhance and adapt tech for local firms: Iswaran
      488 4  -  By Elizabeth Mak eamak@sph.com.sg A*STAR will be working to enhance a current technology, developed in collaboration with a local SME, into a ready-to-go package so that other local firms can benefit from it, said S Iswaran, Second Minister
      PHOTO  -  488 words
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      45 3 Here for innovators You are driven. Creating runway successes. Seizing opportunities. One boutique becomes two. Two a global empire. With the bank you can depend on. That’s good for your international aspirations. Here for good sc.com/hereforgood i w T Standard Chartered .T* w M. »JI
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      243 4 Prego’s Pomodoro Celebration Till 31 May 2015 Join us at Prego as Chef de Cuisine Antonio Facchinetti celebrates the stunning array of colours showcasing the versatility of the beloved fruit. For reservations, please call +65 6431 6156, email dining.singapore@fairmont.com or book online at www.prego.com.sg. Level 1, 80 Bras Basah Road,
      243 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon UOB sees more FDI flows from Europe into Asean
      648 5  -  Bank plans to grow client base for FDI advisory unit by another 30% by end-2015 By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore UNITED Overseas Bank (UOB) is expecting more foreign direct investment (FDI) flows from Europe into South-east Asia, as the bank
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    • Article
      Lock icon Noble Group secures US$2.3b revolving loan facilities
      371 5  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore NOBLE Group has closed US$2.3 billion of syndicated committed unsecured revolving loan facilities through the participation of 35 banks globally. The loan facilities comprise a 364-day and a three-year revolving credit facility, priced respectively at margins
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    • Article
      Lock icon Hin Leong mulling Universal Terminal sale: sources
      188 5 BLOOMBERG Singapore UNIVERSAL Terminal’s biggest shareholder is considering the sale of about a US$500 million stake in the Singapore oil-storage provider after an initial public offering was pulled last year, people with knowledge of the matter said. Oil trading company Hin Leong Trading,
      BLOOMBERG  -  188 words
    • Article, Illustration
      Lock icon SingPost reinvents itself for the digital age
      860 6 Two years ago, it created SP eCommerce to tap into the internet retail boom and now has nearly 1,000 clients Singapore WHEN a German lingerie brand wanted to sell bras online in Malaysia, it turned to Singapore’s nearly 200-year-old national postal service. Singapore
      PHOTO: NYT  -  860 words
    • Article
      Lock icon ‘Stealth’ crashes in penny stocks just as damaging to confidence
      761 6  -  HOCK LOCK SIEW BY R SIVANITHY sivan@sph.com.sg @RSivanithyBT NINETEEN months after the penny stock collapse there are disturbing signs that history is being repeated, albeit in a not-so-spectacular fashion. Instead of jaw-dropping 90 per cent losses in one day as
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    • Article
      Lock icon Investor Relations Highlights
      243 6 ShareInvestor A SUBSIDIARY OF Sf?1 Healthy demand boosts LHN interim performance Newly listed LHN Limited recently announced a net profit of S$2.8 million on the back of a 7.0% increase in revenue to S$46.8 million for the six months ended 31 March 2015 underpinned by healthy demand
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    • Article, Illustration
      Lock icon GSS investing US$5m in Ramba project
      373 7  -  Group participating in exploration programme at the west Jambi block in Sumatra to enhance the overall growth potential for GSS By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore GSS ENERGY is investing US$5 million in Ramba Energy to participate in the latter's exploration programme at the
      FILE PHOTO  -  373 words
    • Article
      Lock icon Tiger cubs leading hedge fund rush into China’s JD.com
      677 7 BLOOMBERG New York HEDGE funds can’t get enough of JD.com Inc. Tiger cubs including Lone Pine Capital, so-named because their founders worked for billionaire Julian Robertson’s Tiger Management, helped lead a rush into the Chinese online retailer’s American depositary shares in
      BLOOMBERG  -  677 words
    • Article
      Lock icon QT Vascular enrols first patients for Chocolate Touch study
      265 7  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore CATALIST-LISTED healthcare company QT Vascular has announced that it has enrolled the first 11 patients in its First-In-Human (FIH) study of its novel Chocolate Touch PTCA (Coronary Drug Coated Chocolate) in the Dominican Republic. In
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    • CORPORATE DIGEST
      • Article
        Lock icon Keppel Infrastructure Trust
        72 7 KEPPEL Infrastructure Trust (KIT), formerly known as CitySpring Infrastructure Trust (CIT), on Tuesday commenced trading on Singapore Exchange (SGX). This comes a day after the completion of the acquisition of Senoko waste-to-Energy (WTE) Plant, Keppel Seghers Tuas WTE Plant and Keppel Seghers NEWater Plant. Said KIT: “With
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      • Article
        Lock icon Accordia Golf Trust
        83 7 ACCORDIA Golf Trust (AGT) which debuted on the SGX mainboard last August has posted a distribution per unit (DPU) of 5.71 Singapore cents for the period from Aug 1, 2014 to March 31, 2015. For the eight-month period, net profit attributable to unitholders was 2.6 billion yen
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      • Article
        Lock icon Changjiang Fertilizer
        158 7 CHANGJIANG Fertilizer Holdings said that staff costs amounting to some 5.2 million yuan (S$1.1 million) for the first quarter ended March 31, 2015, relate to staff costs across its three plants in China and Singapore-listed company. This was in response to Singapore Exchange’s (SGX) query on why the
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      • Article
        Lock icon Hutchison Whampoa
        64 7 A HONG KONG court on Tuesday approved the reorganisation plan of CKH Holdings and unit Hutchison Whampoa, which will become effective on June 3, 2015. News of the plan to restructure Hong Kong billionaire Li Ka-shing’s corporate empire broke earlier in January. Cheung Kong Holdings had offered US$24
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      • Article
        Lock icon Yoma Strategic Holdings
        77 7 YOMA Strategic Holdings has signed definitive legal agreements with Education Index Management (EIM) to design, build and operate an international school within the group’s Thanlyin Star City development area in Myanmar. British College Yangon which will cost about US$40 million to develop is slated to open for
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    • Article, Illustration
      Lock icon Prices drift lower in thin volume
      692 8  -  Most of the day’s top active stocks command prices below S$0.30 as proprietary traders dabble in low-priced issues STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT WIKIPEDIA defines Chinese water torture as a process in which water is slowly dripped onto a person’s forehead, allegedly driving
      Source: Bloomberg  -  692 words
    • Article
      Lock icon STI STOCKS
      308 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 250 unch 251/247 271 219 5.8 6321.9 CapitaLand 360 +7 360/351 379 293 13.2 2.5 *****.9 CapitaMall Trust 221 +2 221/217 228 188.5 4.9 7668 CityDev 1026 +5 1026/1020 1095 915 12.3
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    • Article
      Lock icon MOST ACTIVE
      34 8 VOLUME SinoConstruction 115,271,100 Digiland Intl 98,228,600 EMS Energy 59,605,000 MDR 50,771,300 Jaya 50,192,800 Market volume 2,010,098,000 VALUE Singtel 52,607,317 OCBC Bank 52,600,215 Keppel Corp 51,479,729 CapitaLand 41,353,618 UOB 38,603,912 Market value 987,631,000
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    • Article
      Lock icon SGX ETFS
      108 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS India US$ US747 +2 407 760/747 1000/696 749/753 93.4 UETF SSE50China 302 +11 134 303/293 318/140 297/303 94.4 STI ETF 350 72 351/349 355/319 349/350 GLD US$ US***** -82 34 *****/***** *****/***** *****/***** 60.6
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 May 19 VALUE CLOSE BT OB/OS -205.00 +150.00 BT CADI -*****.00 +46.00 BT 10-day MA -*****.00 -20.00 FTSE ST Mid Cap 788.10 -1.42 FTSE ST Small Cap 498.87 +2.37 FTSE ST All Share 829.05 -1.04 FTSE ST China Top 213.41 +1.29 FTSE ST China 248.73 +0.66 FTSE
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    • Article
      Lock icon GAINERS
      74 8 BY CENTS CLOSE UP 52w high/low SPDR DJIA US$ ***** 266.0 1.1 *****/***** SPDR S&P500 US$ ***** 228.8 0.8 *****/***** Lyxor ChinaH US$ 1938 65.2 2.6 2041/1280 DBXT CSI300 US$ 1299 59.9 3.6 1325/615 DBXT MSTaiwan US$ 2354 53.2 1.7 2392/2059 BY PERCENTAGE CLOSE UP 52w high/low CN*****MBeCW*****0 10
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      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share ftse ST All-Share index May 19,2015 829.05 -1.04 (-0.13%) Current streak 2 days Day high 830.92 Day low 827.46 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 18,2015 1,946.75 -2.74 (-0.14%) Current streak 1 day Day high 1,951.77 Day low 1,937.42 52-week high 1,995.49 (July 3, 2014) 52-week low 1,697.01 (Jan 7, 2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 4 4 0 0 0 5 4 4 Manufacturing 56 39 31 13 6 10 69 45 41 Commerce 28 22 15 5 3 2 33 25 17 Tpt/Stor/Comms 12 16 11
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,708 17,708 84,992 84,992 Manufacturing 194,091 120,857 314,948 91,994 7,600 99,594 Commerce 190,940 107,294 298,234 60,101 4,405 64,506 Tpt/Stor/Comms 170,974 4,628 175,602 173,493 324 173,817 Finance 30,595 49 30,644 154,337 9 154,346 Construction 134,187 35,091
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    • Article
      Lock icon LOSERS
      74 8 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -109.1 -0.7 *****/***** JMH USD 6088 -86.5 -1.1 6788/5700 DBXT MSEurope US$ 6188 -70.5 -0.8 6492/5366 DBXT MSJAP US$ 5251 -34.6 -0.5 5277/4291 JSH USD 3454 -26.6 -0.6 3810/3233 BY PERCENTAGE CLOSE DOWN 52w high/low OLS W*****5 0.1 -50.0 -0.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 8 VOL CLOSE($) CHANGE 3Cnergy 14.1 0.250 -0.100 -28.57 Ban Leong 85.1 0.220 +0.020 +10.00 ISR Capital 500.0 0.016 -0.010 -38.46 Luzhou Bio-Chem 823.0 0.034 +0.006 +21.43 Great Group 140.0 0.021 -0.009 -30.00 EcoWise 4,751.0 0.071 +0.011 +18.33 Ossia Intl 4,472.9 0.260 -0.015 -5.46 HLGlobalEnt 146.2 0.210 -0.140 -40.00
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    • Article
      Lock icon BROKERS’ TAKE
      451 8  -  Compiled by Jamie Lee Midas Holdings Buy May 19 close: S$0.38 Target price: S$0.49 DBS Group Research, May 19 Midas announced that it has won 328.9 million yuan (S$70.6 million) worth of contracts for delivery of high speed train car body components in 2015. This can be broken
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    • Article
      Lock icon CALENDAR
      25 8 DATA I (May 20) Singapore wholesale Trade Index I 4pm (May 20) Singapore COE Bidding Results I 8pm (May 20) US MBA Mortgage Applications
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    • Article
      Lock icon Euro dives under US$1.12 on likely ECB action
      420 9 CURRENCIES REUTERS London THE euro dived back below US$1.12 on Tuesday after European Central Bank (ECB) officials said the bank could take further action to lower eurozone bond yields and boost inflation, potentially flooding the market with yet more euros. Sterling also
      REUTERS  -  420 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 9
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        Lock icon SHANGHAI COMPOSITE
        2 9
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        Lock icon DOW JONES
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 May 19 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.971 4.955 0.714 6.190 50.809 105.043 0.958 8.702 2.865 1.078 81.323 35.565 1.062 9.472 0.744 24.320 26.678 0.512 0.799 Canada 1.030 5.102
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 May 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0618 1.0629 0.7983 0.7987 Canadian dollar 1.0932 1.0942 0.8222 0.8219 Euro 1.4876 1.4886 1.1184 1.1186 NZ dollar 0.9847 0.9859 0.7403 0.7408 Sterling pound 2.0736 2.0752 1.5590 1.5594
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 May 19 S$ Bid Offer 1-month 1.3305 1.3315 2-months 1.3310 1.3321 3-months 1.3316 1.3327 6-months 1.3332 1.3345 Source: OCBC
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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    • EQUITY BONDS WARRANTS FUTURES
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        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        210 9 Most active May 19 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 3.5 0.5 ***** 1 18 17 SingTel MB eCW*****3 6.8 -0.4 5300 0.2 460 13 WE Holdings Ltd W*****5 0.2 unch 5230 1 0
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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 18 Index Change Change Change Change Change Change World Preliminary 1358.9 0.3 6.5 0.5 5.7 0.0 5.7 EAFE Preliminary 1099.1 0.4 11.4 0.3 9.7 -0.1 9.7 Europe Preliminary 1533.6 0.4 11.0
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        392 9 May 19 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.31 *****.83 *****.91 May15 *****.00 *****.00 *****.50 *****.00 *****5 *****3 Jun15 *****.00 *****.00 *****.00 *****.50 ***** ***** NIKKEI 225 INDEX FUTURES SPOT *****.14 *****.70 *****.75 Jun15 *****.00 *****.00 *****.00 *****.00 ***** *****2 Sep15
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    • BANK RATES
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        Lock icon SIBOR
        36 9 May 19 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 19 $S Offer Bid 0vernight 0.10 0.05 1-month 0.6875 0.5625 2-months 0.75 0.625 3-months 0.8125 0.6875 Overnight mode: 0.10 US$ 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
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      • Article
        Lock icon GOVERNMENT SECURITIES
        61 9 GOVERNMENT BONDS May 79 Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.53 5-Year N*****0H 1.625 01-Oct-19 100.2 10-Year NY*****H 3.000 01-Sep-24 106.23 106.28 106.10 15-Year NY*****E 2.875 01-Jul-29 102.8 102.95 102.60 20-Year NZ*****V 3.375 01-Sep-33 108.02 30-Year NA*****N 2.750 01-Apr-42
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        193 9 May-18 Price Net change change Last Trade Agricultural May-18 CBOT Soybeans (US cents/bu) 954.50 1.25 0.13% 14/07/2015 CBOT Soybean Oil (US cents/lb) 32.78 -0.29 -0.88% 14/07/2015 CBOT Wheat (US cents/bu) 521.75 10.75 2.10% 14/07/2014 May-18 LIFFE Cocoa (£/tonne) 2079.00 11.00 0.53% 16/07/2015 LIFFE Coffee (US$/tonne) 1728.00 27.00 1.59%
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      • Article
        Lock icon PALM OIL
        57 9 May 19 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 15 2175.0 2166.0 2180.0 2165.0 1565 ***** Jun 15 2170.0 2165.0 2180.0 2161.0 5810 ***** Jul 15 2165.0 2158.0 2175.0 2154.0 ***** ***** Aug 15 2172.0 2161.0
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      Lock icon Page 5 Advertisements Column 1
      216 5 Access the next step up to a successful management career. t-r-J tF Edinburgh Napier UNIVERSITY y Ranked top 100 amongst UK universities (The Guardian University League Tables 2015) y Top 100 UK graduate prospects (The Sunday Times University Guide 2014) Intake: Jun 2015 Apply now and receive up to^. $2000
      216 words
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      185 5 *0* T-HE STRAITS TIMES'- CAPITA LA N*b L'lVlITED #BuildSG2065 in conjunction wi*th ST 170th Year’Celebratipns/. THERE ARE SO MANY! WAYS TO VfSUAIiSEf SINGAPORE.IN' WHAT'S YOURS? n it Wilt'it be equipped features that can? 1 switch on household the morninc and re-i mart"- homes wjth technological automatically appliances in (fee your
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      546 6 Does your child THINK' and TALK' Science? Memorising facts alone is no longer enough for good grades. Today's Science examination requires students to identify relevant facts, apply them in correct context and communicate answers completely, precisely and accurately. Authors, Speakers Alda Lim, Cedric Chai. (Former School FIOD Science; A Sup.
      546 words
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      153 6 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
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      112 6 MAY ISSUE OUT NOW! THE SIXTH ANNUAL HWM HWZ.COM TECH AWARDS S I NG A P O R E THE POWER TO DECIDE MAY 2015 S$6.90 WWW.HARDWAREMAG.COM THE FUTURE OF AUTOMOBILES IS DIGITAL T HI N K BEWARE THE DIGITAL DARK AGE SMARTWATCHES, THE SWISS FIGHT BACK VIRTUAL REALITY TAKES
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      1146 7 Crédit Agricole (Suisse) SA, Geneva Head Office: Quai Général-Guisan 4, CH-1204 Geneva, Switzerland Singapore Branch: 168 Robinson Road, #23-03 Capital Tower, Singapore *****2 BALANCE SHEET AS AT 31 DECEMBER 2014 2014 2013 in thousands in thousands of CHF of CHF 1. Assets Liquid assets 3,326,645 3,264,452 Amounts due from money-market
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Moderate bids seen for EC plot in Choa Chu Kang
      814 10  -  Consultants point to location of sale parcel, sluggish sales in EC market, constrained affordability By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore AN executive condominium (EC) site along Choa Chu Kang Avenue 5 launched on Tuesday is expected to fetch moderate land
      Source: OneMap, R’ST Research  -  814 words
    • Article, Illustration
      Lock icon Ho Bee to showcase Gold Coast apartments
      303 10  -  By Prisca Ang prisang@sph.com.sg Singapore SINGAPORE investors and home-buy-ers are being offered Ho Bee Land’s 223-unit residential development in Surfers Paradise, Gold Coast. Rhapsody, one of Singapore-based Ho Bee Land’s two residential developments in Australia, is selling for an average price of A$800
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    • Article
      Lock icon London developers raise bets on future office demand
      301 10 They are increasingly willing to start construction without tenants in place BLOOMBERG London CENTRAL London developers are increasingly willing to start office construction without tenants in place, betting that today’s surging demand won’t fade. Companies started 31 projects in the six months
      BLOOMBERG  -  301 words
    • Article
      Lock icon US homebuilder confidence down unexpectedly in May
      586 10 BLOOMBERG Washington CONFIDENCE among US homebuilders unexpectedly fell in May, reflecting cooling sales and slower buyer traffic, a sign the residential real-es-tate market will take time to gain momentum. The National Association of Home Builders/Wells Fargo sentiment gauge dropped to 54 this month
      BLOOMBERG  -  586 words
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      139 10 tonjhomw For a copy of the Tender Documents, kindly procure from 18 Ah Hood Road Level 8, ERA Zhongshan Park, Singapore *****3 Tender Closing Dale: Monday, 19th June 2015 3pm For Sale By Tender HIGH RENTAL YIELD PROPERTY LOCATION: No. 10 Neo Tiew Lane 2 Singapore *****3 LEGAL DESCRIPTION: Lot
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      83 10 6 RAFFLES QUAY III Prime Freehold CBD Office Freehold Strata Area: Approx. 10,129 sq ft Regular layout for design flexibility Near to Raffles Place MRT exit (35m) Generous car-parking allocation: 7 lots Banks, F&B and amenities in the immediate surroundings Ideal for own use or for investment Low Choon Sin
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      17 10 Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices
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  • Article, Illustration
    Lock icon Incentives for motivating radical innovation – how to make it work?
    1198 11 Incentives for motivating radical innovation how to make it work? While rewards and recognition are critical in encouraging a robust innovation culture, they can also backfire. Designing an optimal and strategic incentives system is key, says SMU Professor Thomas Menkhoff A Special Feature Brought to You By Singapore Management University
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      131 11 SMU MASTER OF SCIENCE IN INNOVATION CHUA Sher Vin Senior Manager, SaaS and Client Software Softchoice Nawan POOVARAWAN Head of SMB Customer Experiences Google SEA Be an Entrepreneurial Leader SMU’s Master of Science in Innovation programme pushes you to think beyond current paradigms in order to discover innovation needs and
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  • BANKING & FINANCE
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      Lock icon Wall Street is back, almost as big as ever
      877 12 Major investment banks are raising their standard base salary this spring for recent college graduates to US$85,000, the first rise after five years NYT New York MAJOR investment banks have raised their standard base salary this spring for recent college graduates
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    • Article
      Lock icon Deutsche Bank’s corporate finance heads put on leave: sources
      403 12 BLOOMBERG Hong Kong DEUTSCHE Bank AG has put both its co-heads of corporate finance in Asia on leave, people familiar with the matter said. Douglas Morton was placed on leave over a suspected breach of internal compliance rules, said one of
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    • Article
      Lock icon Millions disappear from bank accounts in China
      265 12 AFP Beijing A BUSINESSWOMAN deposited the equivalent of almost US$2 million at a branch of China’s largest bank but only US$20 remained after most of it was transferred without her authorisation, state media reported. Wang Li was one of several victims of a
      AFP  -  265 words
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      1378 12 The Business Times Ik Ty^V 1 1'|" I 1 Toll free 1800-289-8822 I I I Email noticesfisph.com. sg J u i i L J www.sphclass.com.sg/notices BEAmSiifi 10 DES VOEUX ROAD CENTRAL, HONG KONG CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31ST DECEMBER 2014 Goodwill and intangible assets Deferred tax assets
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      714 12 ;,/.]?}}|;}/]?&+,>$"/-@`<;/,=(} IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 ABZ INVESTMENT PTE LTD (Incorporated in Singapore) (Co. Reg. No: *****4847E) MEMBERS’ VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held on 14 May 2015, the following resolutions were duly passed: 1. SPECIAL RESOLUTION WINDINGUP
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      52 12 Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Boom time ahead for solar panel makers
      945 13 Demand surging with solar tech now viable after oversupply in 2010 squashed prices BLOOMBERG New York SOLAR panel makers globally are preparing for their best year since 2011, when US-backed Solyndra LLC went bust, as China and Japan take advantage of falling prices
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      Lock icon Chinese hedge funds help drive commo trade boom
      716 13 BLOOMBERG Shanghai CHINESE hedge funds are helping drive a commodity-derivatives trading boom in the world’s biggest energy, grains and metals consumer that’s defying the worst economic growth in 25 years. Trading volumes across on the Shanghai Futures Exchange, China’s biggest commodities bourse,
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      Lock icon Executive Development: Transforming Performance
      1403 13 Singapore Management University’s Steve Wyatt explains it’s more about the ‘how’ than the ‘what’ A Special Feature Presented by SMU Executive Development Today’s turbulent and fast-evolving business context demands that high-performing executives continuously learn and adjust their behaviours. If the process of continuous adaptation is poorly
      1,403 words
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  • TECHNOLOGY
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      Lock icon Apple stock ‘dramatically undervalued’: Carl Icahn
      896 14 It should be trading at US$240, nearly double its current price, says billionaire investor REUTERS New York BILLIONAIRE investor Carl Icahn said Apple Inc’s stock was “still dramatically undervalued” and that it should be trading at US$240, nearly double its current price. Mr Icahn
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    • Article
      Lock icon India may double spending on Internet grid to 700b rupees
      215 14 BLOOMBERG New Delhi INDIA is considering doubling spending to 700 billion rupees (S$14.6 billion) on a high-speed Internet grid to connect villages across the country, Communications Minister Ravi Shankar Prasad said. A committee appointed by the ministry has recommended raising
      BLOOMBERG  -  215 words
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      624 14 The Business Times Ik 1 ✓"’1 I 1 Toll free 1800-289-8822 I Email noticesasph.com. sg J V I www.sphclass.com.sg/notices ING Registered Office: Amstelveenseweg 500 1081 KL Amsterdam The Netherlands CONSOLIDATED BALANCE SHEET OF ING BANK AS AT 31 DECEMBER CONSOLIDATED PROFIT AND LOSS ACCOUNT OF ING BANK FOR THE YEARS
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      510 14 Registered Office: Rue du Rhone 96-98 CH-1211 Geneva 1 Singapore Branch: OUE Bayfront 50 Collyer Quay #08-03 Singapore *****1 Consolidated Statement of Income for the year ended 31 December 2014 2013 CHF’000 2014 CHF’000 Interest income Interest and discount income 93,207 87,946 Interest and dividends from financial investments 74,470 63,062
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  • LEADERSHIP IN SUSTAINABILITY
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      Lock icon The science behind a sustainable business
      1085 15 Sustainability is a key differentiator and value driver for global science-based company DSM as it strives to create value in areas that meet the needs of the present generation, without compromising the ability of future generations to meet their own needs A SPECIAL FEATURE
      1,085 words
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      87 15 1 L V abrighter wor I wa i What will we want in the future? Who can tell? We may not value what we value today. But we will certainly expect a happier, healthier, safer world. At DSM, we believe Bright Science can take us there. It’s our name for
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  • CONSUMER
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      Lock icon Help us fight fakes, says Alibaba Internet security chief
      662 16 The company has so far signed more than 1,300 MOUs on cooperation with major global brands to fight fakes REUTERS Hangzhou, China WHEN it comes to fighting fakes, Alibaba’s head of Internet security says cooperation beats the courtroom any day. Ni
      REUTERS; PHOTO: REUTERS  -  662 words
    • Article
      Lock icon Starbucks, Spotify to begin music partnership later this year
      292 16 NYT New York IN THE heyday of the CD, Starbucks was a leading outlet for the music industry to sell its new releases. Now, in the age of streaming, the chain of coffee shops has a new partner: Spotify. On Monday,
      NYT  -  292 words
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      Lock icon Bringing home the bacon is easy as prices fall
      662 16 BLOOMBERG Chicago ANDY Wiederhorn wants to sell bacon to vegetarians. That’s the idea, anyway, behind the Hypocrite Burger a veggie patty topped by two strips of bacon. Mr Wiederhorn, chief executive officer of Beverly Hills, California-based Fatburger Corp, is pushing sales
      BLOOMBERG  -  662 words
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      84 16 7 m ir IN THE FAST-EVOLVING NDSCAPE, THERE'S A NEED sICUBATE SOMETHING NEW DAY. I'Nd ALWAYS CHASING DIGITAL LAI TO N EVERY[ ;Xt-GENER/ OPT COLLAB BREATH 1 ATION jlDEAS TO TIMAL CONNECT ABORATIONS. I E HE AND LIVE TEC A TO PROMOTE ECT ONS AND I E \T, DRIlk, TECHNOLOGY
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      3495 17 Balance Sheets Consolidated Income Statement for the year ended 31 December 2014 at 31 December 2014 2014 2013 million million Assets Cash and balances at central banks 50,492 49,915 Items in the course of collection from banks 1,173 1,007 Trading and other financial assets at fair value through profit or
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  • GOVERNMENT & ECONOMY
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      Lock icon Housing starts jump to 7-year high, construction permits rise
      562 18 An improving labour market and low mortgage costs are reviving residential construction LATEST US DATA BLOOMBERG Washington NEW residential construction in the US surged in April to the highest level in more than seven years, indicating that the industry regained its
      BLOOMBERG; PHOTO: AFP  -  562 words
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      Lock icon Poor Q1 growth deflates German investor sentiment
      525 18 AFP Frankfurt INVESTOR sentiment in Germany is at its lowest level in five months after weaker-than-expected growth in the first quarter begins to deflate exaggerated expectations for Europe’s biggest economy, data showed on Tuesday. After already slipping last month, the widely watched investor
      AFP  -  525 words
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      Lock icon UK inflation is negative for 1st time since 1960; BOE says it’s temporary
      509 18 REUTERS London BRITAIN’S annual rate of consumer price inflation fell below zero for the first time in more than half a century, official figures showed on Tuesday, though Bank of England (BOE) Governor Mark Carney said the
      REUTERS  -  509 words
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      Lock icon Fiscal hawks at Japan MOF in a rift with Cabinet Office
      502 18 REUTERS Tokyo ADVISERS to Japan’s Finance Ministry have accused the Cabinet Office of making overly rosy assumptions about growth and spending, a draft document showed on Tuesday, highlighting sharp internal divisions over how to tame the country’s massive debt.
      REUTERS  -  502 words
    • Article
      Lock icon AIIB mulling faster loan approval process: officials
      464 19 New lender plans to forgo an on-site executive board, marking out a contrast with institutions such as the ADB BLOOMBERG Mumbai THE new China-led Asian infrastructure bank is considering giving senior staff more power over loan approval than at existing multilateral lenders to
      BLOOMBERG  -  464 words
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      Lock icon Japan to earmark US$100b for Asian infrastructure: report
      388 19 AFP Tokyo JAPAN will announce a US$100 billion plan to invest in roads, bridges, railways and other building projects in Asia, a report said on Tuesday, weeks after China outlined its vision for a new infrastructure development bank in the region. In
      AFP; PHOTO: AFP  -  388 words
    • Article
      Lock icon India trying to pacify foreign investors over tax row
      716 20 Stock and bond markets hammered as warnings over imposition of minimum alternate tax went unheeded REUTERS Mumbai INDIA’S Finance Ministry could have sidestepped a damaging multi-billion dollar tax row with foreign investors if it had acted on regular warning letters that
      REUTERS  -  716 words
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      Lock icon Modi faces dissent over spending shake-up
      950 20 REUTERS New Delhi AS Prime Minister Narendra Modi completes one year in office, his cuts in federal welfare spending on the poorest of India’s 1.25 billion people are coming in for sharp criticism, including from within his Cabinet. In a break with India’s socialist
      REUTERS; PHOTO: REUTERS  -  950 words
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      26 18 Everything, plus the kitchen sink Select furniture for your home or showcase your merchandise in CLASS 114 To advertise, call the Print Classified Hotline: 1800-289 9988
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      2766 19 The Business Times Ik 1 1 Toll free 1800-289-8822 I I Email noticesgsph.com. sg J V www.sphclass.com.sg/notices EDITION LTD. (Company Registration No. *****1873E) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Edition Ltd. (the “Company”) will be
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      52 20 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
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      33 20 MAY ISSUE OUT NOW! Breakfast with >>> JUNE 20, 2015 (SATURDAY) Meet the revolutionary BMW i3 and learn about the advanced technologies that make this all-electric car so electrifying! SIGN UP NOW AT WWW.TORQUE.COM.SG/PROMOTIONS
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      40 20 _91.3 i K W§ b DJ GUESSING GAME GUE55 WHO'LL BE JOINING ANDRE HOEDEN ON ONE EM’S #1 BREAKFAST SHOW IN JULY! GET IT RIGHT ONE Fft/TS #1 BREAKFAST SHOW COULD BE CALLING YOU WITH CASH! facGbook.com/onefmsg 0 @onefmsg www.onefm.sg
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  • TRANSPORT
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      Lock icon A mixed week at IMO
      870 21  -  Confirmation that ships trading in the polar regions would have to follow safety and environmental provisions was welcomed; other proposals were less well-embraced STRAIT TALK BY DAVID HUGHES A LOT of painstaking, necessarily slow work takes place in the International Maritime Organization (IMO). Someone closely
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      Lock icon US regulators set hearing on recalls by Fiat Chrysler
      694 21 NYT New York IN a rare, sweeping move against an automaker, the top auto safety agency in the United States said on Monday that it was trying to determine whether Fiat Chrysler had failed to promptly fix safety defects in millions
      NYT  -  694 words
    • Article
      Lock icon FBI probe of plane hack sparks worries over flight safety
      809 22 But some aviation and security experts say entertainment and crucial flight systems are often kept separate WP Washington AN FBI agent’s claim that a hacker may have exploited weaknesses aboard more than a dozen commercial flights, including sending commands to
      WP  -  809 words
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      Lock icon Final assembly of SIA’s first A350-900
      75 22 AIRBUS has begun final assembly of the first A350-900 for Singapore Airlines (SIA) at its facilities in Toulouse, France. The first of 70 A350 XWBs ordered by the airline, it is scheduled for delivery in the first quarter of 2016. The A350 XWB will
      75 words
    • Article
      Lock icon AirAsia in talks to sell minority stake in its loyalty programme: sources
      401 22 REUTERS Singapore MALAYSIA’S AirAsia Bhd is in talks to sell a minority stake in its loyalty programme joint venture to private equity firms, in a deal that could value the business at about US$330 million, people familiar with
      REUTERS  -  401 words
    • Article
      Lock icon SHIPPING TIMES
      1683 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 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
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      97 21 THE EVENT NOT TO BE MISSED! Compete in the 6th BT League and see your team scores soar. Network with some of Singapore’s top business executives and decision makers, all while experiencing six of Singapore’s best courses. PARTICIPATION FEE$12,000 PER TEAM FOR 6 ROUNDS OF GOLF Tournament runs from July
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      51 22 (2 UI w (0k r DOWNLOAD THE ALL-NEW ASIAONE ARP 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. •Mu Google play ALL THE TOP PUBLICATIONS IN ONE
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      106 23 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 1HE BUSINESS TIMES SHIPPING TIMES Make A Splash In The Maritime World Via s|£iJhiaritime.coM Ahoy there! If you are in a business pertaining to any sector of
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      79 23 Equipment Processing Centre (EPC) within Jurong Port (FTZ) Providing a one-stop solution for all your logistics needs C a l l 8 1 2 1 0 9 6 6 o r e m a i l 2 WA S S I N E P C O p e r a
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  • OPINION
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      Lock icon Asean must act fast, first to save Rohingya lives and then resettlement
      601 24 THE plight of the Rohingya appears to become more desperate by the day. EDITORIAL A Muslim minority group in predominantly Buddhist Myanmar, they lead a pitiful existence stateless, without legal rights, denied citizenship by the Myanmar government, heavily
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      Lock icon China at risk of being seen as an outlier
      806 24  -  THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. SINO-AMERICAN relations are poised to worsen despite another summit meeting between Xi Jinping and Barack Obama being planned for September. Both the China academic community
      806 words
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      Lock icon The coming goldmine in mobile shopping
      1200 24  -  Being able to deliver a great shopping experience in-store, online and via mobile is the retailer’s holy grail, but mobile will be the “it” platform if consumer bugbears are addressed.BY MARTIN RYAN addressed.BY MARTIN RYAN T The writer is vice-president and managing director for
      PHOTO: BLOOMBERG  -  1,200 words
    • Article
      Lock icon Forget Grexit. It’s Germany that should exit the EU
      904 25  -  COMMENTARY By Tarun Kataria T The writer is a private equity investor and independent director AS we ponder the fate of Greece while watching our portfolios being whipsawed by a potential Grexit, we ought actually to ponder the fate of the
      904 words
    • Article
      Lock icon David Cameron should get the Scots on board over EU
      715 25  -  By John Nugée T The writer is a board member and senior adviser of OMFIF, the official Monetary and Financial Institutions Forum DAVID Cameron, the UK prime minister, achieved an unexpected election victory on May 7. After the euphoria, the
      715 words
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      Lock icon AEC should be seen as a work in progress
      1224 25  -  It is only from 2003 that Asean economies started their journey towards the AEC. only journey Some promises have been met, but major challenges remain.BY journey remain.BY SANCHITA BASU DAS A longer version of this article was earlier published as an
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  • LIFE & CULTURE
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      Lock icon How an adman made Coke’s famous jingle
      940 26 Bill Backer-inspired Hilltop commercial appears at end of Mad Men finale and it has TV viewers and online commentators buzzing NYT New York BILL Backer lives on a farm in Virginia. He raises horses and cattle. When the weather gets cold, he and
      NYT; PHOTOS: NYT  -  940 words
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      Lock icon Apple CEO reveals more about himself
      792 26 BLOOMBERG New York AS Tim Cook becomes more comfortable on centrestage as Apple Inc’s CEO, the public is starting to learn more about how past events shaped the intensely private man. Mr Cook, who told George Washington University’s graduating class over the weekend to
      BLOOMBERG; PHOTO: AFP  -  792 words
    • Article
      Lock icon Obama tweets, and a million follow within five hours
      349 26 REUTERS Washington PRESIDENT Barack Obama sent his first tweet from his very own account on Twitter on Monday, quickly amassing a million followers in five hours, the latest of many White House efforts to amplify his message with social media. “Hello,
      REUTERS  -  349 words
  • Page 26 Miscellaneous
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      Lock icon Page 26 Miscellaneous Column 1
      325 26 CRYPTIC CROSSWORD Across 1 Alterations in the bell-ringer’s programme (7) 5 The last section to have a complaint in mind (4,3) 9 I complain when she comes over (5) 10 Radio users may get faulty set in ships (9) 11 Cliques in the Lords they’ve much in common (4,6) 12
      325 words
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  • EXECUTIVE MONEY
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      Lock icon Asia’s ageing shields bonds from rout
      936 27 Richer economies in East Asia with older populations tend to prefer fixed income, thus increasing demand for bonds BLOOMBERG Singapore THE global bond rout is sparing Asia’s more developed economies as central banks fight deflation risks and pension savings swell among rapidly ageing populations.
      BLOOMBERG; PHOTO: REUTERS  -  936 words
    • Article
      Lock icon Net buys of Singapore stocks outstrip net sells
      480 28 ON THE RADAR GLOBAL mutual funds bought more Singapore shares than they sold in the three months to May 13. Based on transactions in the top five stocks, there were S$1.47 billion worth of net buys, compared to net sells of S$
      480 words
    • Article
      Lock icon Flexibility is key in illiquid market
      824 28  -  MONEY MATTERS By Jim Caron T The writer is managing director, Global Fixed Income, Morgan Stanley investment Management A significant secular change impacting investment decisions in the bond markets is the tightening regulatory environment that is creating a climate of reduced liquidity. This represents
      824 words
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      634 27 MONEY MATTERS Adapting to an illiquid market: Flexibility is the key 28 ON THE RADAR Net buys of Singapore stocks outstrip net sells 28 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
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      134 28 TOP TRADERS DIDN’T MISS CHINA A50’s MOVE UP 132%*, DID YOU? IG offers a wide range of products to complement your trading sentiment exposure to China 300, China A50, China H-shares, Hong Kong HS50, USD/CNH and more. Take the next step in trading at IG.com.sg or call us at +65
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