The Business Times, 21 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 Thursday, May 21,2015
    33 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    278 1 Japan’s economy grows at an unexpectedly strong annualised rate of 2.4 per cent in the first quarter, in real or inflation adjusted terms.TOP STORIES 2 Beefing up Indonesia’s infrastructure is top-most on the Jokowi administration’s to-do list in the next five years.TOP STORIES 4 Despite a sharp rally
    278 words
  • Article, Illustration
    Lock icon Car COE slide expected to dampen headline inflation
    847 1  -  Latest Cat A B premiums down; economists agree premiums will soften in months ahead, but pent-up demand could cap the slide By Kelly Tay kellytay@sph.com.sg @KellyTayBT WITH the spike in Certificate of Entitlement (COE) supply, premiums for both big and small cars
    Sources: CEIC, Mizuho Bank  -  847 words
  • Article, Illustration
    Lock icon Ascendas in maiden development project in Indonesia
    736 1  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT ASCENDAS GROUP has made its first major stride in Indonesia, where it is jointly developing a mixed-use project in Tangerang, Greater Jakarta with a local player. This marks its maiden development project in South-east Asia’s largest economy. Under
    PHOTO: ASCENDAS  -  736 words
  • Article
    Lock icon MARKETS
    28 1 MARKETS Wednesday Change STI 3,439.68 -14.36 KL COMP 1,810.11 +0.39 NIKKEI 225 20,196.56 +170.18 HANG SENG 27,585.05 -108.49 SHENZHEN B 1,570.67 +20.47 DOW (10.15am EDT) 18,313.46 +1.07
    28 words
  • Page 1 Advertisements
Page thumbnail Page 2
  • TOP STORIES
    • Article
      Lock icon Japan’s strong first quarter GDP data pushes stocks to new 15-year high
      804 2  -  The fastest quarterly increase in over a year raises hopes that the economy is back on a recovery track By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN’S economy grew at an unexpectedly strong annualised rate of 2.4 per cent in
      804 words
    • Article, Illustration
      Lock icon Singapore top in Asia, third globally in JLL-Business of Cities ranking
      384 2  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE is Asia’s top-ranked city across a broad range of indicators, beating Tokyo to take the third place worldwide, according to a report by global real estate firm JLL and The Business of
      PHOTO: AFP  -  384 words
    • Article
      Lock icon 6 banks fined almost US$6b in forex probe settlement
      519 2 REUTERS New York FOUR major banks pleaded guilty on Wednesday to trying to manipulate foreign exchange rates and six banks were fined a total of nearly US$6 billion in a settlement that substantially ends a global probe into misconduct in the
      REUTERS  -  519 words
    • Article, Illustration
      Lock icon Income inequality declining in some Asian countries
      308 2 BLOOMBERG Singapore THE gap between the rich and the poor has been growing across the world. But there is a handful of countries in the Asia-Pacific region where it has decreased, and it isn’t just the Piketty effect. The population-weighted mean Gini coefficient
      BLOOMBERG; PHOTO: REUTERS  -  308 words
    • Article, Illustration
      Lock icon Forum panellists urge businesses to monitor policies of new Jakarta govt
      1103 4  -  An Indonesian minister’s announcement of infrastructure plans triggers panellists’ discussion of investment funding and risks at Indonesia Forum By Elizabeth Mak eamak@sph.com.sg BEEFING up the country’s infrastructure is top-most on the Jokowi administration’s to-do list in the next five
      1,103 words
    • Article
      Lock icon Focus on strengths in integrated market, Asean forum told
      499 4  -  By Elizabeth Mak eamak@sph.com.sg IN order to succeed in an integrated market, Asean countries must focus on areas where they have a natural competitive advantage, said Malaysian Minister in the Prime Minister's Department, Idris Jala, at the Asean Conference on Wednesday.
      499 words
    • Article
      Lock icon Both technology, human touch vital for nursing homes: Tharman
      644 5  -  Two devices developed by A*Star, SmartMat and SoundEye, are being piloted at Ling Kwang Home for Senior Citizens By Fiona Lam fionalam@sph.com.sg Singapore AS Singapore’s population ages, nursing homes face the challenge of delivering higher quality care in a tight labour
      644 words
    • Article
      Lock icon Cars with Takata air bags in biggest recall in American history
      356 5 WP Washington NEARLY 34 million cars and trucks across the US were declared defective on Tuesday because of deadly air bags made by car-parts giant Takata, in what is expected to be the biggest recall of any consumer product
      WP  -  356 words
    • Article, Illustration
      Lock icon Domestic, foreign wholesale trade down in Q1
      343 5  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT SINGAPORE’S domestic wholesale trade slumped 25.8 per cent year on year in the first quarter of 2015, dragged down by the lower prices of petroleum and chemical products. Stripping out petroleum, domestic wholesale trade would have fallen 12.6
      FILE PHOTO  -  343 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      55 2 Save up to 50% Now on! Sale ends 7 June 2015 spacefurniture.asia Space Furniture Open 10.30am to 8.00pm daily 77 Bencoolen Street, Singapore *****3 +65 6415 0000 Conditionsapply. Check in-store for details Earn > spent on your American Express Cards at Space Ft Express Platinum® Reserve Credit Card and Platir
      55 words
Page thumbnail Page 3
Page thumbnail Page 4
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      104 4 HK* HEART, STROKE CANCER CENTRE Preserving Health and Longevity Let us help you live a longer life Hassle Free Download our mobile APR “SHSCC” for further information. (Available on the App Store Google play) Comprehensive Heart Screening Package S$500* Blood Test CT Coronary Angiogram OR Treadmill Electrocardiogram (ECG) Echocardiogram (LV)
      104 words
    • Advertisement
      Lock icon Page 4 Advertisements Column 2
      30 4 3Need a room flat? If you're looking to buy or rent an HDB apartment, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
      30 words
Page thumbnail Page 5
Page thumbnail Page 6
  • COMPANIES & MARKETS
    • Article
      Lock icon Mapletree Investments’ full-year profit up 14.3%
      813 6  -  It is in the midst of securing more assets globally and will complete five development projects over the next four years By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore MAPLETREE Investments, which on Wednesday posted double-digit growth in earnings and assets under management (AUM) for the
      813 words
    • Article
      Lock icon Crystal Trust to be delisted on Friday
      238 6  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore CRYSTAL Trust, formerly known as Keppel Infrastructure Trust, will be delisted from the Singapore Exchange (SGX) from 9am on May 22, 2015. “The board of directors of the trus-tee-manager wishes to announce that the SGX has advised
      238 words
    • Article
      Lock icon Blumont considering transfer to Catalist
      558 6  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore SINGAPORE Exchange’s Catalist board, now populated by more than 150 companies, could get crowded as more firms seek to transfer their listing to the “junior board” to avoid the minimum trading price (MTP) rule facing mainboard companies. The latest
      558 words
    • CORPORATE DIGEST
      • Article
        Lock icon ST Engineering
        97 7 SINGAPORE Technologies Engineering’s aerospace arm has injected capital into its US units. It said on Wednesday that vision Technologies Aerospace Incorporated (VT Aerospace) has injected US$2.06 million and US$955,000 into the capital of its wholly owned units Aviation Academy of America Inc (AAA) and VT Aviation Services Inc
        97 words
      • Article
        Lock icon Gallant venture
        74 7 INVESTMENT holding company Gallant Venture said on Wednesday that it intends to issue S$55 million worth of 7 per cent notes due 2018, under its US$500 million Euro Medium Term Note programme set up in November 2013. The notes will carry an interest of 7 per cent per
        74 words
      • Article
        Lock icon Singapore Windsor
        56 7 SINGAPORE Windsor Holdings’ wholly owned subsidiary SMI Auto Services has been appointed the sole country franchisee in Myanmar by Europcar International. The five-year franchise agreement grants SMI Auto the exclusive right to use Europcar’s brand in the provision of vehicle rental and limousine services throughout Myanmar, from April
        56 words
      • Article
        Lock icon City Developments Limited
        38 7 CITY Developments Limited (CDL) has adopted an integrated reporting approach in its latest sustainability report, to provide more meaningful and all-rounded corporate reporting. The new approach is based on the International Integrated Reporting Council’s framework.
        38 words
    • Article, Illustration
      Lock icon Crude prices seen pulling back to US$60 and below by year-end
      948 7  -  Deutsche Bank cites strengthening US dollar, high US oil production and low cuts by Opec By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore DESPITE a sharp rally in crude prices since mid-January this year, Deutsche Bank sees oil prices falling
      PHOTO: AFP  -  948 words
    • Article, Illustration
      Lock icon Singapore market loses its mojo
      699 8 STI falls for third straight day, dropping 14.36 points on turnover of 1.6b units worth S$1.06b STOCKS “THE Singapore market has lost its mojo. There is now nothing to differentiate it from the others in the region.” This was a declaration by a dealer when
      Source: Bloomberg  -  699 words
    • Article
      Lock icon STI STOCKS
      308 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 252 +2 255/249 271 219 5.8 6372.5 CapitaLand 363 +3 363/357 379 293 13.3 2.5 *****.1 CapitaMall Trust 221 unch 224/219 228 188.5 4.9 7668 CityDev 1028 +2 1029/1017 1095 915 12.4
      308 words
    • Article
      Lock icon MOST ACTIVE
      36 8 VOLUME StratechGroup 130,847,800 Digiland Intl 84,493,300 China New Town 80,990,700 WE 54,938,100 KLW Hldgs 45,511,000 Market volume 1,742,556,000 VALUE Singtel 91,939,448 DBS Grp 61,394,242 CapitaLand 48,205,569 Ezion 43,669,176 Keppel Corp 42,894,305 Market value 1,075,462,000
      36 words
    • Article
      Lock icon SGX ETFS
      110 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS India US$ US752 +5 149 756/749 1000/696 752/755 94 Lyxor Asia US$ US542 +1 130 542/539 557/474 540/542 79.1 UETF SSE50China 304 +2 100 307/303 318/140 302/304 95 STI ETF 349 -1 70 350/348
      110 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 May 20 VALUE CLOSE BT OB/OS -202.00 +3.00 BT CADI -*****.00 -62.00 BT 10-day MA -*****.00 -21.00 FTSE ST Mid Cap 790.33 +2.23 FTSE ST Small Cap 499.78 +0.91 FTSE ST All Share 826.82 -2.23 FTSE ST China Top 215.19 +1.78 FTSE ST China 250.79 +2.06 FTSE
      77 words
    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      42 8 STI FTSE ST All-Share FTSE ST All-Share Index May 20,2015 826.82 -2.23 (-0.27%) Current streak 3 days Day high 828.38 Day low 825.54 52-week high 847.98 (Apr 15, 2015) 52-week low 762.71 (Oct 16, 2014) 860 840 820 800 780 760 740
      42 words
    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE index May 19,2015 1,936.20 -10.55 (-0.54%) Current streak 2 days Day high 1,947.96 Day low 1,933.80 52-week high 1,995.49 (July 3, 2014) 52-week low 1,697.01 (Jan 7, 2015)
      33 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 7 5 0 0 0 5 7 5 Manufacturing 42 48 37 7 8 13 49 56 50 Commerce 14 27 21 4 7 0 18 34 21 Tpt/Stor/Comms 13 18 6
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,922 13,922 67,848 67,848 Manufacturing 201,049 85,451 286,500 130,548 5,679 136,227 Commerce 157,913 81,122 239,035 71,764 1,729 73,493 Tpt/Stor/Comms 130,114 799 130,913 219,122 56 219,178 Finance 23,777 233 24,010 140,764 42 140,806 Construction 49,533 18,807
      121 words
    • Article
      Lock icon GAINERS
      76 8 BY CENTS CLOSE UP 52w high/low DBXT Vietnam US$ 2332 78.9 2.6 3100/2250 DBXT DBLCI-OY US$ 2600 45.4 1.3 3545/2489 DBXT CSI300 US$ 1325 34.8 2.0 1325/615 Lyxor Europe US$ 1570 33.4 1.6 1678/1338 Lyxor ChinaH US$ 1960 29.4 1.1 2041/1280 BY PERCENTAGE CLOSE UP 52w high/low LifeBrandz 0.3
      76 words
    • Article
      Lock icon LOSERS
      73 8 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -168.4 -1.1 *****/***** JMH USD 6030 -77.5 -1.0 6788/5700 JSH USD 3408 -61.5 -1.3 3810/3233 DBS Grp 2089 -16.0 -0.8 2123/1672 Keppel Corp 870 -13.0 -1.5 1115/791 BY PERCENTAGE CLOSE DOWN 52w high/low ChinaGaoxian W*****8 0.1 -50.0 -0.1 0.8/0.1 CN*****MBePW*****0
      73 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      81 8 VOL CLOSE($) CHANGE PS Group 180.0 0.220 +0.020 +10.00 LifeBrandz 18,605.1 0.003 +0.001 +50.00 StratechGroup 130,847.8 0.044 +0.010 +29.41 Zhongxin Fruit 162.0 0.017 -0.003 -15.00 EcoWise 40,526.0 0.066 -0.005 -7.04 Kitchen Culture 20.0 0.280 +0.020 +7.69 China New Town 80,990.7 0.086 +0.010 +13.16 New Wave 4,976.0 0.007 +0.001
      81 words
    • Article
      Lock icon BROKERS’ TAKE
      468 8  -  Compiled by Jamie Lee Singapore Offshore Marine Market Weight UOB Kay Hian Research, May 20 THE latest newswire reports suggest a possible turning point in Brazil. Sete Brasil’s restructuring plan has received shareholders’ approval. Its rig-building programme will most likely be reduced from 29 to 15 units. Orders
      468 words
    • Article
      Lock icon CALENDAR
      21 8 DATA I 3am (May 21) US Federal Open Market Committee Meeting Minutes I 9.30pm (May 21) US Initial Jobless Claims
      21 words
    • Article
      Lock icon Greenback hits 3-week high against euro
      429 9 CURRENCIES REUTERS London THE US dollar touched a three-week high against the euro before halting on Wednesday, a third day of gains adding to a growing sense the currency may be ready for another run higher after its weakest period in four years. Another
      REUTERS  -  429 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 9
        2 words
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 May 20 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.966 4.900 0.711 6.123 50.381 104.036 0.955 8.659 2.854 1.075 80.441 35.229 1.056 9.440 0.741 24.108 26.506 0.510 0.790 Canada 1.035 5.073
        471 words
      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
        2 words
      • Article, Illustration
        Lock icon DOW JONES
        2 9
        2 words
      • Article, Illustration
        Lock icon NIKKEI
        1 9
        1 words
      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 May 20 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0552 1.0568 0.7895 0.7901 Canadian dollar 1.0927 1.0940 0.8179 0.8175 Euro 1.4855 1.4870 1.1114 1.1117 NZ dollar 0.9817 0.9831 0.7345 0.7350 Sterling pound 2.0707 2.0729 1.5492 1.5497
        155 words
      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 May 20 S$ Bid Offer 1-month 1.3372 1.3382 2-months 1.3377 1.3388 3-months 1.3384 1.3395 6-months 1.3398 1.3409 Source: OCBC
        22 words
    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        202 9 Most active May 20 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left FTSEChinaA50 ***** MBePW*****0 10.6 0.2 5730 0.0 --2 Rowsley Ltd W*****3 3.3 -0.2 4213 1 18 17 SingTel MB eCW*****3 6.3 -0.5 4200 0.2 460 13 Yangzijiang
        202 words
      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 9 In local curr In S$ In US$ dy yr dy yr dy yr May 19 Index Change Change Change Change Change Change World Preliminary 1364.2 0.3 6.9 0.6 6.4 -0.2 5.5 EAFE Preliminary 1108.5 0.9 12.3 0.3 10.0 -0.5 9.1 Europe Preliminary 1553.1 1.3 12.4
        373 words
      • Article
        Lock icon SGX DERIVATIVES TRADING
        395 9 May 20 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.28 *****.29 *****.06 May15 *****.00 *****.00 *****.50 *****.50 *****4 *****2 Jun15 *****.00 *****.00 *****.00 *****.00 ***** ***** NIKKEI 225 INDEX FUTURES SPOT *****.59 *****.89 *****.51 Jun15 *****.00 *****.00 *****.00 *****.00 ***** *****5 Sep15
        395 words
    • BANK RATES
      • Article
        Lock icon SIBOR
        36 9 May 20 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
        36 words
      • Article
        Lock icon INTERBANK RATES
        154 9 May 20 $S Offer Bid 0vernight 0.15 0.10 1-month 0.6875 0.5625 2-months 0.75 0.625 3-months 0.8125 0.6875 Overnight mode: 0.15 US$ 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 GOVERNMENT SECURITIES
        69 9 May 20 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.51 102.58 102.48 5-Year N*****0H 1.625 01-Oct-19 99.93 100.10 100.05 10-Year NY*****H 3.000 01-Sep-24 105.6 105.80 105.65 15-Year NY*****E 2.875 01-Jul-29 102.23 102.35 102.25 20-Year NZ*****V 3.375 01-Sep-33 107.47
        69 words
    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        193 9 May-19 Price Net change change Last Trade Agricultural May-19 CBOT Soybeans (US cents/bu) 946.25 -8.25 -0.86% 14/07/2015 CBOT Soybean Oil (US cents/lb) 32.18 -0.60 -1.83% 14/07/2015 CBOT Wheat (US cents/bu) 510.25 -11.50 -2.20% 14/07/2014 May-19 LIFFE Cocoa (£/tonne) 2098.00 19.00 0.91% 16/07/2015 LIFFE Coffee (US$/tonne) 1709.00 -19.00 -1.10%
        193 words
      • Article
        Lock icon PALM OIL
        57 9 May 20 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 15 2140.0 2150.0 2155.0 2140.0 480 9025 Jun 15 2144.0 2149.0 2158.0 2138.0 6153 ***** Jul 15 2138.0 2142.0 2152.0 2131.0 ***** ***** Aug 15 2143.0 2142.0
        57 words
    • Article
      Lock icon Shanghai exchange repo rate surges the most in 2 months
      424 10 World-beating stock market in China and rallies in newly listed shares drawing investors BLOOMBERG Shanghai THE interest rate for overnight loans on the Shanghai Stock Exchange on Wednesday surged the most in two months on increased demand for funds from
      BLOOMBERG  -  424 words
    • Article
      Lock icon Trade halted after Hanergy plunges nearly 50%
      416 10 REUTERS Hong Kong CHINA’S Hanergy Thin Film Power Group said trade in its shares was suspended after its stock fell nearly 50 per cent in less than one hour on Wednesday a sudden and brutal decline after a long run-up in market value
      REUTERS  -  416 words
    • Article
      Lock icon Asda’s Q1 sales down 3.9%, worst quarterly showing in more than 5 years
      518 10 REUTERS London ASDA, the British arm of US retailer Walmart, reported its worst quarterly sales fall in more than five years on Tuesday, but insisted its long-term strategy was the right one. Asda, ranked second by annual
      REUTERS  -  518 words
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      610 6 Formula For Workplace Success: Dress Right, Influence Positively, Reach Out Optimally Who should attend: Managers, Directors, Business Owners, Sales Professionals and Executives. FULL-DAY WORKSHOPS Brain-Influencing Secrets To Trigger 'Yes' Responses In People In the past 10 years, scientific discoveries have uncovered new communication keys one can use to appeal to
      610 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      85 7 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988 The Premier Platform for Gifts Sourcing VVSGPFair Singapore Gifts Premiums Fair 2015 29-31 JULY 2015 Marina Bay Sands Expo Convention Centre, Singapore
      85 words
    • Advertisement
      Lock icon Page 7 Advertisements Column 2
      64 7 HOT PROPERTY D.10 NEW! THE OLIV. 4+1 rm. 6m ceiling. Duplex 3337sf Sky Gdn/ PH 5339/ 6125sf. D.15 BAYSHORE PARK 4+Study 3479 sqft. Partially furnish Asking $***** negotiable D.15 COSTA RHU 4+1+1. P/furn. Pte lift. 2050 sqft. High flr. Pool view. Avail 10 June. $6600 neg. LOOKING FOR A PLACE
      64 words
    • Advertisement
      Lock icon Page 7 Advertisements Column 3
      424 7 Keppel Infrastructure Trust (formerly known as “CitySpring Infrastructure Trust”) (Business Trust Registration No. *****01) (Constituted in the Republic of Singapore as a business trust pursuant to a trust deed dated 5 January 2007 (as amended)) Notice of Books Closure Date Distribution Payment Date Notice is hereby given that the Register
      424 words
Page thumbnail Page 8
Page thumbnail Page 9
Page thumbnail Page 10
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      453 10 The Business Times Ik I 1 I /“I I 1 Toll free 1800-289-8822 I I Email notices@sph.com.sg J J i j L J www.sphclass.com.sg/notices THE MONETARY AUTHORITY OF SINGAPORE APPLICATION FOR TAXABLE BOOK-ENTRY SINGAPORE GOVERNMENT BONDS Tenor Total Amount Offered Minimum Denomination MAS 1 Intended Tender Amount 2 Issue Code
      453 words
    • Advertisement
      Lock icon Page 10 Advertisements Column 2
      1004 10 HUA NAN COMMERCIAL BANK, LTD. (A wholly-owned subsidiary of Hua Nan Financial Holdings Co., Ltd.) Balance Sheets Statements Of Comprehensive Income (In Thousands of New Taiwan Dollars, except per share amounts) (In Thousands of New Taiwan Dollars) Dec 31, 2014 Dec 31, 2013 ASSETS Cash and cash equivalents 63,694,842 48,130,356
      1,004 words
Page thumbnail Page 11
  • REAL ESTATE
    • Article, Illustration
      Lock icon CDL first among developers to adopt integrated reporting
      720 11  -  It expands this year’s sustainability report to include carbon disclosure from key subsidiaries By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore CITY Developments (CDL) has become the first property developer in Singapore to adopt an Integrated Reporting (IR) approach for its latest sustainability report.
      720 words
    • Article, Illustration
      Lock icon Few signs of life in ‘China’s Manhattan’
      485 11 UNFINISHED PROJECTS AFP Tianjin AS the wind whistles through half-finished skyscrapers and over empty boulevards, a development billed as China’s answer to Manhattan at times bears out the “ghost town” label some have given it. Chinese officials hope the towers of the Yujiapu
      AFP; PHOTO: AFP  -  485 words
    • Article
      Lock icon Uncompleted New Jersey mall gets new life from US$600m bond sale
      417 11 BLOOMBERG Philadelphia NEW Jersey’s American Dream entertainment and shopping centre, the incomplete mega mall that governor Chris Christie once called “the ugliest damn building” in the state, is poised for a jumpstart from the municipal bond market. A decade
      BLOOMBERG  -  417 words
    • Article
      Lock icon Banks seen fuelling UK commercial property risks with loose loan security
      619 11 BLOOMBERG London BANKS are relaxing safeguards as they boost lending to commercial-property developers in the UK, fuelling concern that they are sowing the seeds of another real estate collapse. “Banks are falling into that same old cycle of loosening
      BLOOMBERG  -  619 words
    • Article, Illustration
      Lock icon 5 teams enter Stage 2 of Rail Corridor request for proposal
      398 12 They were picked from 64 teams of architects and landscape designers who took part in the pre-qualifying stage Singapore FIVE teams of architects and landscape designers have been shortlisted for the second stage of the Request for Proposal (RFP)
      FILE PHOTO  -  398 words
    • Article
      Lock icon NYC landmarks panel rejects Seagram renovation
      460 12 BLOOMBERG New York NEW York City’s Landmarks Preservation Commission approved changes to the carpet at Four Seasons, the restaurant inside the Seagram Building, while declining to vote on bigger renovations sought by the tower’s landlord. RFR Holding LLC proposed to replace a non-original fissured
      BLOOMBERG  -  460 words
    • Article
      Lock icon Islamic Reit shortage seen boosting demand for Johor’s new trust
      698 12 Johor Corp plans to list RM900m Al-Salam Reit, expects to deliver returns of around 6.3 per cent in 2016 BLOOMBERG Kuala Lumpur DEMAND for Malaysian Islamic real estate investment trusts (Reits) may withstand a sluggish property market as their steady
      BLOOMBERG  -  698 words
    • Article, Illustration
      Lock icon SL Green Realty buys 11 Madison Ave for US$2.29b
      689 13 Deal is biggest for a single building in Manhattan since 2008 BLOOMBERG New York SL Green Realty Corp agreed to buy 11 Madison Avenue, the Manhattan tower that houses Credit Suisse Group AG’s US headquarters, for US$2.29 billion in one of
      BLOOMBERG  -  689 words
    • Article
      Lock icon Househunt
      1446 13 Property transactions for districts 1 to 23 with contract dates between April 8 and April 14,2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED Marina One Residences Apt 08/04/2015 99 689 1663 2414 District 2 Non-landed Altez Apt
      1,446 words
    • Article
      Lock icon Alberta home slump seen boosting rentals
      622 13 BLOOMBERG Calgary KURT Kerschner, a 46-year-old electrical engineer from Austria, was ready to buy his first home after moving to Calgary with his family in the fall. With the housing market in oil-rich Alberta at a standstill after the crude price crash, he’s now
      BLOOMBERG  -  622 words
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      64 11 HOTEL FOR'SALE rr For further info and viewing, please contact: Dillon Loi9850 3204 H| Aiden Yong9363 4489 FREEHOLD SHOPHOUSES FOR SALE BY TENDER HSSt* irrrrr 3 units of 3-storey shophouses along Havelock Road ■Zoning Residential with commercial on 1st storey SOLE MARKETING AGENT: DERRICK LOI (CEA Reg No: R*****0I) 9101
      64 words
    • Advertisement
      Lock icon Page 11 Advertisements Column 2
      210 11 China’s back-door funding re-opens in blow to deleveraging, Page 18 For Sale By Expressions of Interest Childcare Eldercare Space with Prominent Road Frontage Jurong Rd Bukit Timah Nature Reserve Old Bukit Regency Springdale Southaven I Jalan Anak Bukit German European School Cheong Chin Nam Rd Yuk TongAve Charisma View Grand
      210 words
Page thumbnail Page 12
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      255 12 Clinic sizes ranging from 700 to 1500 square feet For an exclusive viewing, please contact our leasing team 6434 9808 audrey.seen@plpl.com.sg 6434 9832 keith.koh@plpl.com.sg One Orchard Boulevard camden.com.sg $1.50psf $350psf ONWARDS PAYA UBI INDUSTRIAL PARK LEASE SALE 200 to 7,500 sq ft Own parking space (not inclusive in listed area)
      255 words
    • Advertisement
      Lock icon Page 12 Advertisements Column 2
      100 12 AUCTION28MAY2015 1 Benoi Place JTC detached factory (3 blks) Land approx. 117,227 sq ft Floor Area approx. 81,352 sq ft Lease expiry 31/12/2026 For further information and viewings, please call: Mok Sze Sze(CEAReg. No. R*****7H) *****866 Jones Lang LaSalle Property Consultants Pte Ltd CEALicence No. L*****26E www.jll.com.sg THE CONCOURSE (BEACH
      100 words
    • Advertisement
      Lock icon Page 12 Advertisements Column 3
      116 12 ©A M A R S VAT I iw-wiaf Contact us now: Steven Seah 8188 5858 Marcus Lee rooj77sa 8100 0038 m 1 *<■ m 2*5" V Own Indonesia, Lombok. intimat CAP OUR SOUL AN Minimum 16% Rental Guarantee Only 30% Downpayment Hak Malik (Freehold) Tower Purchase Available (IjSLP Managed by
      116 words
    • Advertisement
      Lock icon Page 12 Advertisements Column 4
      89 12 RARE OPPORTUNITY Large Factory in Ang Mo Kio for Sale Site area Approx. 16,500 sq m /177,604 sq ft Built-up area Approx. 31,730 sq m 341,539 sq ft 2014 Master Plan Zoning Business 2, Plot Ratio 2.5 Tenure 60yrs wef 1/4/1981 Balance 26 years) Suitable for Corporate SME expansion Centrally
      89 words
Page thumbnail Page 13
Page thumbnail Page 14
  • BANKING & FINANCE
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      875 14 THE BUSINESS TIMES NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GDI TECHNOLOGY INDUSTRIES PTE. LTD. (In Members’ Voluntary Liquidation) (Company Registration No. *****4831Z) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Chapter 50 that
      875 words
Page thumbnail Page 15
  • ENERGY & COMMODITIES
    • Article
      Lock icon High costs, capacity excess foil China hydro boom
      380 15 REUTERS Beijing CHINA’S plans to ramp up hydropower capacity in order to meet its 2020 renewable energy targets could be stymied by soaring costs, a weak power market and a surplus of capacity in key regions of the south-west, developers said. Smog-hit
      REUTERS  -  380 words
    • Article
      Lock icon Eight years in the making: power flows without borders in Europe
      544 15 Flow-based market coupling matches supply and demand and lets prices dictate where power flows BLOOMBERG London AFTER almost two years of delays, Germany, France and their neighbours in central-western Europe were scheduled to connect their electricity markets on Wednesday
      BLOOMBERG  -  544 words
    • Article, Illustration
      Lock icon Mitsui new CEO looks to food, medicine to cure 22% profit slump
      724 15 BLOOMBERG Tokyo MITSUI Co, Japan’s top oil trader, is expanding its focus beyond raw materials as its incoming chief executive officer contends with an expected 22 per cent decline in profit this year. As much as 80 per
      BLOOMBERG; PHOTO: BLOOMBERG  -  724 words
    • Article
      Lock icon Wind power is poised to spread to entire US
      381 15 Taller turbine towers, larger blades expected to catch on in more states NYT New York ALL states in the US could become wind energy producers, according to an Energy Department report released on Tuesday, once the next generation of larger, taller
      NYT  -  381 words
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      1345 15 Banco Bilbao Vizcaya Argentaria, S.A. Head Office: Plaza de San Nicolás 4, ***** Bilbao, Spain Singapore Branch: UOB Plaza 1, #55-02, 80 Raffles Place, Singapore *****4 Consolidated Balance Sheets (Millions of Euros) ASSETS Dec 31, 2014 Dec 31, 2013 Cash and balances with central banks 31,430 34,903 Financial assets held
      1,345 words
Page thumbnail Page 16
  • TECHNOLOGY
    • Article, Illustration
      Lock icon Koos Bekker seeking to repeat Tencent success
      938 16 The South African billionaire is scouring the globe in search of new tech deals BLOOMBERG Cape Town SOUTH African billionaire Koos Bekker has spent 15 years riding the rocket of the Chinese Internet thanks to one really smart or really lucky investment. Now
      BLOOMBERG; PHOTO: BLOOMBERG  -  938 words
    • Article
      Lock icon Tech firms, activists press US govt for encryption
      444 16 AFP Washington SOME 140 technology companies, civil liberties and privacy activists urged the White House on Tuesday to pull back efforts to weaken encryption or include law enforcement “back doors” on technology products. The effort marked the latest turn of events in
      AFP  -  444 words
    • Article
      Lock icon TomTom shares jump after Apple renews digital maps contract
      267 16 REUTERS Amsterdam DUTCH navigation systems company TomTom NV said Apple Inc would continue to buy its digital maps, giving a vote of confidence that sent the Dutch company’s shares more than 7 per cent higher to a near six-year high. TomTom
      REUTERS  -  267 words
    • Article, Illustration
      Lock icon Wearable-tech maker Jawbone gets another lifeline
      738 16 WP Washington JAWBONE, the San Francisco maker of wearable technology, recently got a hefty US$300 million investment from BlackRock, the largest and one of the most trusted asset management companies in the world. But the investment wasn’t a US$300 million cash infusion. According to
      WP; PHOTO: BLOOMBERG  -  738 words
    • Article
      Lock icon Computer Sciences to split into two publicly traded companies
      377 16 BLOOMBERG New York COMPUTER Sciences Corp (CSC) is splitting into two publicly traded companies after several attempts to sell itself in recent years as demand for its technology consulting services waned. One company will focus on its US public-sector division and
      BLOOMBERG  -  377 words
Page thumbnail Page 17
Page thumbnail Page 18
  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Malakoff’s weak performance highlights risky prospects in Malaysian equities
      577 18  -  Companies have postponed IPOs recently due to weak domestic conditions, 1MDB uncertainties By Pauline Ng btworld@sph.com.sg Kuala Lumpur THE under-performance of Malaysia’s biggest initial public offering for the year Malakoff Corporation must be giving IPO prospects pause. The region’s biggest independent
      FILE PHOTO  -  577 words
    • Article
      Lock icon Greece will default in June without aid from lenders
      689 18 REUTERS Athens GREECE cannot make an upcoming payment to the International Monetary Fund (IMF) on June 5 unless foreign lenders disburse more aid, a senior ruling party lawmaker said on Wednesday, the latest warning from Athens it is on the verge
      REUTERS  -  689 words
    • Article
      Lock icon 1MDB’s US$1.1b from Cayman are assets in US$, says PM Najib
      272 18 REUTERS Kuala Lumpur MALAYSIAN Prime Minister Najib Razak said on Wednesday that the remaining US$1.1 billion that state investor 1 Malaysia Development Bhd (1MDB) redeemed from its offshore account in the Cayman Islands into a Singaporean bank was in
      REUTERS  -  272 words
    • Article, Illustration
      Lock icon China’s back-door funding re-opens in blow to deleveraging
      626 18 BLOOMBERG Beijing TWO decades after he helped craft China’s fiscal system, Lou Jiwei is now battling to clean up the mess it has become. China’s finance minister since March 2013, Mr Lou, now 64, needs to travel no further than Tianjin, about
      BLOOMBERG  -  626 words
    • Article, Illustration
      Lock icon China, Brazil unveil multi-billion-dollar deals
      761 19 Beijing looks to invest US$53 billion in Brazil, as Premier Li starts first official visit to Latin America AFP Brasília CHINESE Premier Li Keqiang lifted the wraps on Tuesday on a multi-billion-dollar series of trade and investment deals with Brazil, as Beijing looks to invest
      AFP; PHOTO: AFP  -  761 words
    • Article
      Lock icon China firms invest billions in US despite bilateral tensions
      649 19 NYT New York AS China increasingly flexes its financial muscle, the country’s companies are spreading their wealth broadly across the United States instead of chasing major lawmakers or causes. A new study, which looked at Chinese investment by congressional district, found
      NYT  -  649 words
    • Article
      Lock icon China said to propose inclusion of non-Asian states on AIIB board
      316 19 REUTERS Manila CHINA is proposing to include non-Asian countries on the board of the Asian Infrastructure Investment Bank (AIIB) in a move interpreted by some nations as giving small shareholders a voice in the institution, the Philippines’ finance chief
      REUTERS  -  316 words
    • Article
      Lock icon Sweden’s deflation fight seen beyond central bank’s control
      476 19 BLOOMBERG Stockholm AS Sweden’s Riksbank looks for new ways to fight deflation, a banker who once worked there says the likelihood it will succeed is looking increasingly remote. “I find it hard to believe that they will achieve the goal of weakening
      BLOOMBERG  -  476 words
    • Article, Illustration
      Lock icon Indonesia plays China against Japan for better infrastructure deals
      1003 20 China’s desire to develop political and commercial links to Indonesia a boon for Jokowi BLOOMBERG Singapore AFTER more than five years of feasibility studies and high-level lobbying, Japanese officials thought they were on the brink of bringing bullet trains to Indonesia.
      BLOOMBERG; PHOTO: REUTERS  -  1,003 words
    • Article
      Lock icon China-India business sees ideological differences
      806 20 AFP Shanghai INDIA’S democratically elected Prime Minister Narendra Modi viewed Shanghai’s gleaming skyscrapers at the weekend in search of pointers for his economy, but China believes its one-party state is a key reason for its growth miracle. China began moving away from its closed-off, Maoist
      AFP  -  806 words
    • Article
      Lock icon Evidence of waning appetite for Indian bonds
      750 20 May 13’s treasury bills auction failed; forced purchases made to save an offering 2 days later BLOOMBERG Mumbai IF this month’s US$1.4 billion withdrawal by global funds isn’t enough to signal faltering demand for Indian bonds, here’s more evidence. An auction of treasury
      BLOOMBERG  -  750 words
    • Article
      Lock icon Philippines to monitor social media in fight against insider trading
      360 20 BLOOMBERG Manila THE Philippines will start formally monitoring social networks such as Facebook Inc and Twitter Inc as the nation’s securities regulator cracks down on stock-market manipulation and Ponzi schemes. The Securities Exchange Commission is collecting evidence to prepare a
      BLOOMBERG  -  360 words
  • Page 18 Advertisements
    • Advertisement
      Lock icon Page 18 Advertisements Column 1
      52 18 FOOD MAP OF INDIA Journey through Singapore to get a taste of the food that the different states of India have to offer tabla! READS Introducing a new monthly column on books, writing and publishing GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL SHAN (*****861) KALWANT (*****327)
      52 words
    • Advertisement
      Lock icon Page 18 Advertisements Column 2
      27 18 SINGAPORE BL G AWARDS m sp m t& ±m 2 0 15 panic time to ggSSSSf. act now. sgblogawards.omy.sg fl EDITORS'/JUDGES' CHOICE ooooooooo Organiser: Ol y www.omy.sg
      27 words
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      961 19 The Business Times NOTICES ACCORDIA GOLF TRUST (Business Trust Registration No: *****02) (Constituted under the laws of the Republic of Singapore and managed by Accordia Golf Trust Management Pte. Ltd.) NOTICE OF BOOKS CLOSURE DATE AND DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN that the Transfer Books and Register of
      961 words
Page thumbnail Page 20
Page thumbnail Page 21
  • TRANSPORT
    • Article, Illustration
      Lock icon American will match low fares of rivals: CEO
      816 21 Airline determined not to lose customers as discount carriers add seats, cut fares amid falling oil prices BLOOMBERG New York AMERICAN Airlines Group Inc will “compete aggressively” against discount carriers that are piling on added seats and then cutting fares to keep
      BLOOMBERG; PHOTO: AFP  -  816 words
    • Article
      Lock icon GE says it will lose Angola train deal if Ex-Im Bank closes
      668 21 REUTERS Washington GENERAL Electric Co would lose a US$350-million deal to build locomotives for Angola, and perhaps billions of dollars more in future export opportunities, if Congress closes the US Export-Import Bank, a senior GE executive told Reuters.
      REUTERS  -  668 words
    • Article
      Lock icon US House approves short-term financing for highways
      612 21 NYT Washington THE US House of Representatives on Tuesday approved a two-month extension of funding for transportation projects, setting up what could be a defining fight over money for highways and other infrastructure this summer after years of stop-gap measures. The extension, which
      NYT  -  612 words
    • Article, Illustration
      Lock icon How one small rail union is bringing Germany to its knees
      692 21 BLOOMBERG Berlin AT the core of a series of rail strikes threatening to plunge Germany into travel chaos for a second time this month is a tiny transport union that won’t take no for an answer. GDL, which represents
      BLOOMBERG; PHOTO: AFP  -  692 words
    • Article
      Lock icon SHIPPING TIMES
      988 24 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10 Jul 15 Jul
      988 words
Page thumbnail Page 22
  • OPINION
    • Article
      Lock icon Bond weakness a sign that equity investors should tread carefully
      516 22 IN recent weeks, equity markets all over the world have entered an odd low-volatility, low-returns phase in Hong Kong, for instance, stocks have been gradually drifting south after the massive gains made in April, with the Hang Seng now 3
      516 words
    • Article
      Lock icon Rebound in global M&A activity set to stay
      724 22  -  THE BOTTOM LINE By Cindy Sweeting T The writer is director of portfolio management at Templeton Global Equity Group THERE’S no doubt merger and acquisition (M&A) activity has started to accelerate over the past several quarters. Indeed, not only have we seen
      724 words
    • Article, Illustration
      Lock icon Johor and Riau forging new paths now
      1417 22  -  A new book tells what differing government choices in managing the state-centre divide has done to the Singapore-Johor-Riau “Growth Triangle” of the early 90s.BY FRANCIS E HUTCHINSON 90s.BY FRANCIS E HUTCHINSON T The writer is a senior fellow and coordinator of the Regional
      PHOTO: CHEW SENG KIM/THE STRAITS TIMES  -  1,417 words
    • Article
      Lock icon Continuing S’pore and London’s shared history of growth
      957 23  -  COMMENTARY By Alan Yarrow T The writer is Lord Mayor of the City of London WHEN President Tony Tan Keng Yam visited the United Kingdom last October on a state visit, he spoke about how London had acted as a blueprint for
      957 words
    • Article
      Lock icon High net foreign assets won’t benefit Germany or global economy
      772 23  -  By David Marsh T The writer is managing director and co-founder of the Official Monetary and Financial institutions Forum OMFIF BRIEFING ALEXANDRE Lamfalussy, the Belgian central banker whose death at the age of 86 was announced last week, used to
      OMFIF BRIEFING  -  772 words
    • Article, Illustration
      Lock icon QE ISN’T A PANACEA FOR ECONOMIC TROUBLES
      1149 23  -  Flood of money has simply anaesthetised markets against shock from implosion after 2008. BY ANTHONY ROWLEY ACURIOUS eerie almost calm seems to have descended on financial markets which, if one were an optimist, one might regard as a sign of market maturity or
      PHOTO: REUTERS  -  1,149 words
Page thumbnail Page 23
Page thumbnail Page 24
  • Page 24 Advertisements
    • Advertisement
      Lock icon Page 24 Advertisements Column 1
      230 24 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES Shipping times Experienced shf p maintenance services wanted. Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 Publicise Your Delivery 0| Newbuilds%
      230 words
Page thumbnail Page 25
  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Emily Blunt’s the new Hollywood action star
      472 25 UK actress has established herself as a tough-yet-vulnerable heroine able to hold her own against big male stars AFP Cannes, France THE new name Hollywood is going to for a female action lead is Emily Blunt a British actress who in short hops
      AFP; PHOTO: AFP  -  472 words
    • Article, Illustration
      Lock icon Aussie BBQs, art to celebrate ties, SG50
      334 25  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT Singapore IF anyone knows anything about barbecues, it’s the Australians, jokes Australian Foreign Minister Julie Bishop. And that’s why the Australian High Commission in Singapore is planning to hold 50 BBQs by 500 Australians and their friends to
      334 words
    • Article
      Lock icon Probiotics labelled gluten-free often aren’t: study
      614 25 NYT New York LAST year, doctors at Columbia University found that people with celiac disease frequently use probiotic supplements, but that those who take these products tend to experience more symptoms of the disease than those who do not. Now these experts say they
      NYT  -  614 words
    • Article
      Lock icon Guggenheim descendants in court over running of Venice museum
      497 25 AFP Paris THE descendants of famous heiress and art collector Peggy Guggenheim on Tuesday went head to head in a French appeals court over her sumptuous collection of works housed in an 18th century palace on Venice’s Grand Canal. At the
      AFP  -  497 words
    • Article
      Lock icon Cannes denies red carpet high-heel rule
      512 25 AFP Cannes, France CANNES Film Festival organisers denied a report on Tuesday that they were enforcing a strict high-heel rule for women on the event’s legendary red carpet after a storm of protest on social media. In what was meant to be a good
      AFP  -  512 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      370 25 CRYPTIC CROSSWORD Across 1 A Lib Dem grandee welcoming American jolly (7) 5 One who denounces account about drug addict (7) 9 Farm labourer’s lovely, large shed (7) 10 Guy I’m regularly with tipped over beer dress will be needed (3,4) 11 Madness to ignore first son’s stupidity (9) 12
      370 words
Page thumbnail Page 26
  • Page 26 Advertisements
    • Advertisement
      Lock icon Page 26 Advertisements Column 1
      110 26 MONT BLANC ft L_ r> 1 I fl 9 m v. m w wp I V m i I Jnr« --v B O IO o so IO Hi A MONTBIANC AUTOMATIC ft tD t*WU MAOt-i TimeWalker Urban Speed Chronograph and Hugh Jackman Crafted for New Heights The TimeWalker Urban Speed
      110 words