The Business Times, 6 June 2015

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Microfilm: NL33512
Total Pages: 41
1 32 The Business Times
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      61 1 LivingBTTHE BUSINESS TIMES WEEKEND JUNE 6-7, 2015 IS ONLINE NO LONGER ON-TREND? E-tailers change tack in an increasingly crowded cyberspace L2-4 DINING Higher-end fare in coffeeshops L8-9 DESIGN Opening minds with architecture L5 SHOPPING New socially conscious shops L6-7 PHOTO: FINERY LONDON TRAVEL Queensland’s glorious food produce L10-12 TRAVEL Idyllic
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  • BT Living
    • STYLE
      • Article, Illustration
        Lock icon Is online no longer on-trend?
        1745 2 / 3  -  E-tailers are rethinking their strategies in an overcrowded cyberspace, resorting to offline stores or localising merchandise to stand out from the digital hoi polloi. By May Yip By May Yip THE stats are staggering: Singaporeans are the most frequent online shoppers in South-east Asia; and
        1,745 words
      • Article
        Lock icon wine&dine
        692 4 with BTWeekend Rice Dumpling Festival Peach Blossoms Marina Mandarin Singapore, Level 5 6 Raffles BoulevardZ6845-1118 Satisfy your glutinous rice cravings this Rice Dumpling Festival at Peach Blossoms. Look out for all-time favourites such as Hong Kong Style Rice Dumpling with Pork Belly, Conpoy, Mushrooms, Salted Egg, Chestnut, Lotus Seeds
        692 words
    • DESIGN
      • Article, Illustration
        Lock icon Helping to open people’s minds
        1143 5  -  Architect Sou Fujimoto explains why changing the world is not his intention at all. By Tay Suan Chiang taysc@sph.com.sg@TaySuanChiangBT WHY do architects do what they do? For some, designing a building could be their way of leaving their mark on society, and in the process
        PHOTOS: IWAN BAAN (TOP AND ABOVE, SOU FUJIMOTO ARCHITECTS (LEFT); PHOTO: SOU FUJIMOTO ARCHITECTS  -  1,143 words
    • SHOPPING
      • Article, Illustration
        Lock icon Sell and do good
        1635 6 / 7  -  Three recently opened shops are selling ethically sourced products not just for profit, but for the greater good. By Rachel Loi, Avanti Nim @RachelLoiBT rachloi@sph.com.sg avantin@sph.com.sg Megafash pop-up store #02-09/32, Katong i12, 112 East Coast Road http://megafash.com Open daily, 11.30am 8.40pm FANCY a watch made entirely
        PHOTOS: RACHEL LOI; PHOTOS: AVANTI NIM  -  1,635 words
    • DINING
      • Article, Illustration
        Lock icon THE YOUNG AND THE DARING
        1501 8 / 9  -  F&B operators in their 20s are filling the gap between fine dining and hawker food by opening higher-end stalls in coffeeshops. By Rachel Loi By Rachel Loi @RachelLoiBT rachloi@sph.com.sg The Betterfield #01-23, 261 Waterloo Street Z6694 2361 Opening hours: Mon to Fri, 11am 3pm, 6pm
        PHOTOS: RACHEL LOI, THE BETTERFIELD; PHOTO: RACHEL LOI  -  1,501 words
    • TRAVEL
      • Article, Illustration
        Lock icon Queensland’s golden produce
        1833 10 / 11  -  Australia’s Sunshine State, with its mild climate, has many small farms churning out a wide variety of world-class products. By Tay Suan Chiang By Tay Suan Chiang ~The writer was a guest of Tourism and Events Queensland and Tourism Australia. MENTION Queensland and spots such as the
        PHOTOS: JOHN HENG  -  1,833 words
      • Article, Illustration
        Lock icon Food fest with a difference
        531 12  -  By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT HE has attended food congresses around the world, but Ryan Clift, chef/owner of the Tippling Club, says there is nothing quite like the Noosa International Food and Wine Festival. “Most food congresses are held in stuffy, massive expo halls
        PHOTOS: JOHN HENG  -  531 words
      • Article, Illustration
        Lock icon Unwind in stylish seclusion
        1080 13  -  Sri Panwa in Phuket is the prefect antidote to the hectic city lifestyle. By Jaime Ee By Jaime Ee jaime@sph.com.sg The writer was a guest of Sri Panwa THERE are times when travel is all about seeing as much as you can of one place a
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    • MOTORING
      • Article, Illustration
        Lock icon POCKET ROCKET
        664 14  -  The latest Mini John Cooper Works debuts with a few firsts. By Samuel Ee samuelee@sph.com.sg ANYONE who has driven the Mini John Cooper Works will know that this souped-up version of the Cooper S is a delightfully different Mini hatch. But just how different the latest JCW is
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      • Article, Illustration
        Lock icon High Speed luxury
        750 15  -  The Bentley Mulsanne Speed delivers super luxury with massive torque. By Samuel Ee By Samuel Ee samuelee@sph.com.sg CAN something 5.6 metres long and weighing close to 2.7 tonnes be described as subtle? The answer is yes, if it has a flying B mascot on the bonnet and
        750 words
    • SPORTS
      • Article, Illustration
        Lock icon An enthralling final on the cards
        889 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent TWO of European football’s powerhouses square off in the Uefa Champions League final on Saturday (Sunday 2.45am, Singapore time), and the stakes couldn’t be any higher for either of them. Both Barcelona and Juventus are just
        PHOTOS: AFP  -  889 words
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  • Title Section
    Lock icon Masthead
    20 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g JUNE 6-7, 2015 S$1.00 MCI (P) 052/08/2014 Sffll A SINGAPORE PRESS HOLDINGS PUBLICATION
    20 words
  • Article, Illustration
    Lock icon Revamped Shaw Centre fails to pull in shoppers, tenants unhappy
    1245 1  -  Landlord offers rental rebates and some marketing of the mall has started By Debbie Yong debyong@sph.com.sg @DebbieYongBT Singapore BARELY a year after moving in, tenants at the newly refurbished Shaw Centre shopping mall are already up in arms over the
    PHOTO: SHAWN TEO  -  1,245 words
  • Article
    Lock icon Lifting of ABSD: too soon to tell
    26 1 PROPERTY THE government will monitor the property market and consider suitable adjustments to its cooling measures when necessary. 4
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  • Article
    Lock icon AEC a big step, says PM Lee
    28 1 INTERVIEW SETTING up the Asean Economic Community by year-end does not mean all issues will have been resolved by then. 6
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  • Article
    Lock icon SMRT drops telco venture bid
    21 1 INVESTMENT REVIEW SMRT has backed out of a bid to venture into the telecoms industry. 10
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  • Article
    Lock icon Foreigners find gems
    25 1 HIGH-END CONDOS LUXURY condos priced at S$10 million and above have drawn a host of interesting buyers, mostly foreigners, this year. 15
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  • Article, Illustration
    Lock icon A spectacular SEA Games opening!
    726 1  -  Loudest cheers go to Team Singapore in high-tech show By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore SINGAPORE promised a spectacular opening to the 28th SEA Games on Friday and duly delivered a stunning ceremony that dazzled the 40,000-strong crowd at the National Stadium and millions more
    PHOTO: KEVIN LIM / THE STRAITS TIMES; PHOTOS: AFP AND ZAINAL YAHYA/THE STRAITS TIMES  -  726 words
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 HSTI 3,333.67 (-11.33) HSTI FUTURES 3,335.00 (-11.00) HSIMSCI 372.62 (-1.35) HSIMSCI FUTURES 372.20 (-1.90) STOCKS Friday Change KL COMP 1,745.33 +3.85 NIKKEI 225 20,460.90 -27.29 HANG SENG 27,260.16 -291.73 SET 1,507.37 +16.47 JAKARTA 5,100.57 +4.75 MANILA 7,526.70 -26.95 KOSPI 2,068.10 -4.76 SHENZHEN B 1,603.12 +5.77 MUMBAI IND 26,768.49 -44.93
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.599 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.85 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.348 (US$/S$ per 1.532 2.066 EURO (US$/S$/€ 1.127 1.519 Foreign currency per US$ S$ YEN 124.70 92.50 RM 3.719 2.758 HK$ 7.753 5.750 BAHT 33.71 25.00 RUPIAH 13,294 9,859 RENMINBI 6.203 4.600 INDIAN RUPEE 63.94 47.42 A$ 1.300 0.964 NZ$ 1.403 1.041
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    • Article
      Lock icon Lifting of ABSD: too soon to tell
      636 4  -  Govt to continue monitoring market and adjust measures when necessary By Prisca Ang prisang@sph.com.sg Singapore THE Singapore government will continue to monitor the property market closely and consider suitable adjustments to its cooling measures when necessary, said a Ministry of Finance (MOF) spokesman.
      636 words
    • Article, Illustration
      Lock icon Greece postpones repayment of 300m euro loan from IMF
      430 4 Reuters Athens GREECE delayed repayment of an International Monetary Fund (IMF) loan on Friday and a deputy minister said Athens might call snap elections to break an impasse with lenders that threatens to push the country into bankruptcy and out of
      Reuters; PHOTO: BLOOMBERG  -  430 words
    • Article
      Lock icon HDB calls for largest solar leasing tender
      411 4  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore THE Housing Development Board, or HDB, has called for the first multi-agency solar leasing tender, which at 40 mega-watt-peak (MWp) capacity, is the largest to date in both the public and private sectors of Singapore. The
      411 words
    • Article
      Lock icon Sturdy jobs report boosts chances of Fed rate hike
      449 5 Non-farm payrolls increase 280,000 in May LATEST US DATA Reuters Washington US job growth accelerated sharply in May and wages picked up, signs of momentum in the economy that bolster prospects for an interest rate hike in September. Non-farm payrolls increased
      Reuters  -  449 words
    • Article
      Lock icon Smart Nation know-how the focus of premier ICT show
      634 5  -  Hardware, gadgets on show gives a glimpse into life in hyper-connected world By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore CONNECTIVITY and Smart Nation these were the twin themes underlying all that was showcased and discussed at this year’s CommunicAsia, EnterpriseIT and
      634 words
    • Article
      Lock icon AEC ‘a big step, but not end of cooperation’
      796 6  -  PM Lee tells Asean journalists outstanding issues still need to be ironed out By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore JUST because the Asean Economic Community (AEC) will be formed by the end of this year as planned does not mean that
      796 words
    • Article, Illustration
      Lock icon Telin Singapore starts work on S$155m data hub
      460 7  -  Purpose-built Telin-3 is first facility at newly opened Data Centre Park in Jurong By Ong Hui Qun ohuiqun@sph.com.sg Singapore CONSTRUCTION has begun on Telin Singapore’s third data centre on the island. The 20,000-square-metre, five-storey facility will cost S$155 million and is expected
      460 words
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      89 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 Consumer 20 Transport 21 Govt Economy 22-25 Opinion 26-27 Wealth 28-30 LIVING Style L2-4 Design L5 Shopping L6-7 Dining L8-9 Travel L10-13 Motoring L14-15 Sports L16 Life Culture
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      358 3 DBS Altitude Visa Signature Card S$1 up to 6 miles The fastest way to fly anywhere is now twice as fast. Only till 31 July. mr 1111 w-n 12,000 miles when you sign up online Upgrade to the fastest earning miles card by applying before 30 June 2015, and spend
      358 words
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      233 5 THE SOUND VISION SPECIALIST The Headphone Bar SALE Parrot Audeze Cypher Labs Parrot Zik2.0 V Zik2.0 j I Zikmu Audinst B&O Burson Westone shure Grado kef HiFiMAN JAYS Klipsch AKG FiiO RHA Sennheiser Heir Audio WOO Audio Fischer Audio Ultimate Ears Harman Kardon Selection of over 200 models available 1
      233 words
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      132 7 TURNING PASSION O Eye Level I am the key. INTO OPPORTUNITY As a franchise owner you will enjoy Simple, effective systems for educating, marketing, sales and operations Extensive, proprietary curriculum, customised to the educational requirements of each student A time tested business model proven to attract and retain students A
      132 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon THE LESSONS OF CRISES
      2788 8 / 9  -  Charles Dallara, banker and former MD of the Institute of International Finance who’s had an inside role in tackling financial imbroglios, says seeds of crises are being planted. By Anthony Rowley By Anthony Rowley btworld@sph.com.sg Tokyo IF there were such a thing as a doctorate in
      PHOTO: BLOOMBERG  -  2,788 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon SMRT drops telco venture bid
      511 10  -  It decides not to invest in OMGtel, the firm that is eyeing Singapore’s 4th telco licence By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore TRAIN operator SMRT has backed out of a bid to venture into the telecommunications industry after facing a wave of criticism over whether
      511 words
    • Article, Illustration
      Lock icon Q&M dives on vendor share sale plan
      506 10  -  HOT STOCKS By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SHARES in Q&M Dental Group were sent reeling on Friday, on news that substantial shareholders Quan Min Holdings and Heritas Helios Investments intend to undertake a vendor sale. The counter opened at S$0.90 after the
      Source: Bloomberg  -  506 words
    • Article, Illustration
      Lock icon CityDev shares hit by news of removal from an index
      478 10  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore PROPERTY and hotel conglomerate City Developments (CDL) on Friday saw its stock fall as much as 5.4 per cent on news of its impending removal from the FTSE EPRA NAREIT Global Developed index, due
      Source: Bloomberg  -  478 words
    • Article, Illustration
      Lock icon Trading value spikes up but STI now in red zone
      748 11  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent PERHAPS the most notable feature of the week just past on the local front is the spike up in trading value on Tuesday for example, slightly more than S$1.7 billion was traded, more
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    • Article
      Lock icon Chinese equities: Will it all end in tears?
      625 11  -  By Nicholas Teo ~The writer is a market analyst at CMC Markets Singapore SEARAINBOW Holdings Corp a stock highlighted in a recent Bloomberg article as amongst the most expensive stocks trading on the Shenzhen Exchange in terms of PE is priced at
      625 words
    • Article
      Lock icon STI STOCKS
      307 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 247 +2 248/244 271 219 5.9 6246.1 CapitaLand 341 -2 347/338 379 293 12.5 2.6 *****.8 CapitaMall Trust 212 -2 218/212 228 188.5 5.1 7355.8 CityDev 977 -42 994/964 1095 915 11.7
      307 words
    • Article
      Lock icon SGX ETFs Most Active
      110 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap DBXT MSRussia US$ US201 -6 4386 205/201 302/140 202/203 STI ETF 338 -2 301 339/337 355/319 338/339 IS MS INDIA US$ US724 +6 255 728/718 1000/696 724/726 90.5 CIMBASEAN40 US$ US941 -7 89 948/940 1113/940 945/958
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    • Article
      Lock icon SIBOR
      28 12 Jun 5 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 0.***** Source: Thomson Reuters
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      800 12 For week beginning Jun 2 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Aspial Corp 03-Jun-15 Koh Wee Seng Buy 750 0.37 *****3 18.23 *****3 18.27 Eurosports Global 03-Jun-15 Goh
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 6 4 0 0 0 4 6 4 Manufacturing 34 54 43 2 15 14 36 69 57 Commerce 9 32 16 4 3 4 13 35 20 Tpt/Stor/Comms 8 22 11
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,163 15,163 52,268 52,268 Manufacturing 151,326 85,570 236,896 91,818 4,194 96,012 Commerce 162,951 50,007 212,958 84,608 3,646 88,254 Tpt/Stor/Comms 136,834 136,834 245,604 245,604 Finance 18,124 18,124 161,044 161,044 Construction 30,419 13,410 43,829 4,780 1,227 6,007
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Jun 5 VALUE CLOSE BT OB/OS -699.00 -55.00 BT CADI -*****.00 -102.00 BT 10-day MA -*****.00 -70.00 FTSE ST Mid Cap 772.96 -3.14 FTSE ST Small Cap 487.50 +0.02 FTSE ST All Share 802.80 -2.65 FTSE ST China Top 210.28 -1.07 FTSE ST China 249.54 -2.22 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      85 12 VOL CLOSE($) CHANGE SingaporeKitchen 15.3 0.158 +0.048 +43.64 Medtecs Intl 25,438.9 0.073 +0.008 +12.31 Q&M Dental 58,259.2 0.850 -0.090 -9.57 AsiaMedic 34,675.9 0.137 +0.007 +5.39 Craft Print 313.0 0.058 -0.006 -9.38 Debao Property 23,516.0 0.066 +0.005 +8.20 Sri Trang Agro 20.0 0.500 -0.030 -5.66 Loyz Energy 23,826.8 0.119
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    • Article
      Lock icon COMMODITY FUTURES
      193 13 Jun-4 Price Net change change Last Trade Agricultural Jun-4 CBOT Soybeans (US cents/bu) 946.50 11.25 1.20% 14/07/2015 CBOT Soybean Oil (US cents/lb) 34.53 -0.20 -0.58% 14/07/2015 CBOT Wheat (US cents/bu) 523.75 13.00 2.55% 14/07/2014 Jun-4 LIFFE Cocoa (£/tonne) 2102.00 -11.00 -0.52% 16/07/2015 LIFFE Coffee (US$/tonne) 1736.00 13.00 0.75%
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    • Article
      Lock icon PALM OIL
      56 13 Jun 5 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 15 2320.0 946 Jul 15 2310.0 2343.0 2346.0 2293.0 4101 ***** Aug 15 2315.0 2341.0 2346.0 2295.0 ***** ***** Sep 15 2318.0 2341.0 2345.0 2296.0 ***** *****
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    • Article
      Lock icon GOVERNMENT SECURITIES
      67 13 Jun 5 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.25 102.33 102.32 5-Year N*****0H 1.625 01-Oct-19 98.91 99.15 99.10 10-Year NX*****Z 2.375 01-Jun-25 97.31 97.95 97.35 15-Year NY*****E 2.875 01-Jul-29 99.63 100.55 99.80 20-Year NZ*****V 3.375 01-Sep-33 104.74
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Jun 5 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0363 1.0377 0.7688 0.7693 Canadian dollar 1.0760 1.0772 0.7986 0.7983 Euro 1.5187 1.5202 1.1267 1.1270 NZ dollar 0.9602 0.9616 0.7124 0.7129 Sterling pound 2.0654 2.0673 1.5323 1.5326
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    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      200 13 Jun 5 Most active Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left WE Holdings Ltd W*****5 0.2 unch ***** 1 0 2 FTSEChinaA50 ***** MBeCW*****0 10.6 -1.7 ***** 0.0 --1 DBS MB eCW*****5 12.3 -0.8 4551 0.1 2050 3
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    • Article
      Lock icon | MORGAN STANLEY CAPITAL INT'L INDICES
      373 13 MORGAN STANLEY CAPITAL INT'L INDICES In local curr In S$ In US$ dy yr dy yr dy yr Jun 4 Index Change Change Change Change Change Change World Preliminary 1347.9 -0.7 5.7 -0.3 5.7 -0.7 4.0 EAFE Preliminary 1096.3 -0.7 11.1 -0.3 9.0 -0.7 7.3 Europe Preliminary 1518.9 -0.9 9.9
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    • Article, Illustration
      Lock icon STOCK MARKETS
      2 13
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    • Article
      Lock icon SingTel rolls out cloud-based network management service
      337 14  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore SINGAPORE Telecommunications Ltd has launched a cloud-based solution that helps enterprises in Asia Pacific, Australia, Europe and the US simplify the management of their networks. The service, called ConnectPlus Soft-ware-Defined Wide Area Network (SD-WAN), has been
      337 words
    • Article
      Lock icon Singapore startup Mesitis bags US$3m in Series A funding
      569 14  -  Another homegrown startup, Call Levels, launches ‘world’s first real-time investment alert app for Apple Watch’ By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore HOMEGROWN fintech (financial technology) startup Mesitis, whose product Canopy is a personal financial data aggregation platform for high net worth
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    • Article
      Lock icon Gibraltar woos Asian funds with lure of European exposure
      386 14  -  By Kenneth Lim kenlim@sph.com.sg @KennethlimBT Singapore GIBRALTAR is making a push for smalland mid-sized Asia-based funds eager for European capital at a time of rising two-way interest and compliance hurdles, said fund services company Castle Trust Group. “We think Gibraltar should
      386 words
    • Corporate Digest
      • Article
        Lock icon Banyan Tree Holdings
        59 14 BANYAN Tree Holdings on Friday said it has issued S$100 million in 4.85 per cent fixed rate notes due 2020, under the S$700 million Multicurrency Debt Issuance Programme. The Hongkong and Shanghai Banking Corporation Limited (HSBC) is the global coordinator, while CIMB Bank Berhad and HSBC are
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      • Article
        Lock icon KTL Global
        132 14 MAINBOARD-LISTED oil and gas company KTL Global will be acquiring a 20 per cent stake in Korean rigging equipment company Dae Kwang for US$5 million, to "accelerate its push into the Korean offshore and marine industry", said the company. It will leverage Dae Kwang's network and customer base
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Foreigners find gems in high-end condos
      1103 15 A HK businessman, a regional executive at Facebook and an Alibaba co-founder have all bought Singapore penthouses this year Singapore LUXURY condos in Singapore priced at S$10 million and above have drawn a host of interesting buyers, mostly foreigners, this year. Besides Alibaba co-founder
      1,103 words
    • Article
      Lock icon Taiwan approves property gains tax
      254 15 Taipei TAIWAN’S lawmakers approved a property gains tax of as much as 45 per cent to rein in speculative transactions in the real estate market. Domestic individual sellers will have to pay from 15 per cent to 45 per cent. The tax will be calculated
      254 words
    • Article
      Lock icon Househunt
      1220 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN APRIL 22 AND APRIL 28, 2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 9 NON-LANDED Residences At 338a Apt 28/04/2015 FH 1206 2032 1686 Vida Apt 24/04/2015 FH 527
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  • BANKING & FINANCE
    • Article
      Lock icon Who needs IMF when you can sell bad debts online?
      632 17 Bloomberg Hong Kong THIRTY years ago, China may have turned to global development banks for help cleaning up surging bad debts. In 2015, it’s tapping Internet billionaire Jack Ma. His Alibaba Group Holding will cooperate with the biggest state-owned loan
      Bloomberg  -  632 words
    • Article
      Lock icon China’s online lending boom spurs investment and risk
      668 17 At least US$32.5 billion in Internet loans given last year; pace of growth draws govt scrutiny Bloomberg Hong Kong THOUGH peer-to-peer lending was pioneered in the US by companies such as LendingClub Corp, China is where it’s really taking off. Internet-based peer
      Bloomberg  -  668 words
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      167 17 The Business Times Ik 1 S 1 Toll free 1800-289-8822 I I I Email noticesgsph.com.sg I w I I B j www.sphclass.com.sg/notices THE BVI BUSINESS COMPANIES ACT, 2004 Bersatu (BVI) Limited (IN VOLUNTARY LIQUIDATION) Notice is hereby given that in accordance with Section 199 of the BVI Business Companies Act,
      167 words
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      164 17 THE BVI BUSINESS COMPANIES ACT, 2004 GOLDEARTH INTERNATIONAL LIMITED (Company Number: *****20) (the "Company") (IN VOLUNTARY LIQUIDATION) Notice is hereby given pursuant to Section 204(1 )(b) of the BVI Business Companies Act 2004, as amended, that the Company is in voluntary liquidation. The date of commencement of the liquidation is
      164 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Japan state firm to auction stake in platinum mine
      709 18 Jogmec prepares to sell its 28% interest, potentially to Japan trading houses Bloomberg Tokyo JAPAN’S investment several years ago in a promising platinum deposit in South Africa is about to pay off in a big way for Japanese carmakers. State-run Japan
      Bloomberg; PHOTO: BLOOMBERG  -  709 words
    • Article
      Lock icon Indonesia joins queue for Iran oil amid talks to rejoin Opec
      400 18 Bloomberg Jakarta INDONESIA is seeking a long-term oil supply deal with Iran in anticipation of a possible end to sanctions against the Persian Gulf nation over its nuclear programme. Resources Minister Sudirman Said was expected to discuss potential crude
      Bloomberg  -  400 words
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      61 18 HOT PROPERTY BRAND NEW GCB Holland *****/ 8500 sf, 5+1. Mins Botanica Gdn, Park 6 cars. to sell. BISHOPSGATE 3-STY APPROX 15k/ 12ksf, 6+1+2+ family. Big car park. Quality finishes. LEEDON ROAD RARE GCB 44k/6k sf. Sell vacant. Can sub-divide into 2 plots. Ask $1590psf LANDED PROPERTIES FOR SALE Check
      61 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon US govt agencies come under big cyber attack
      900 19 Chinese hackers said to target healthcare records and personal data of US govt staff Reuters Bloomberg Washington HACKERS broke into US government computers, possibly compromising the personal data of four million current and former federal employees, and investigators were probing whether the
      Reuters; Bloomberg; PHOTO: REUTERS  -  900 words
    • Article
      Lock icon Robotics seen drawing venture capitalists back to Japan
      549 19 Bloomberg Tokyo VENTURE capitalists who have long avoided investing in Japan may think again as startups in the country develop a new generation of robot technology, according to consultant Koichi Hori. While Japan has little chance of catching up to the US
      Bloomberg  -  549 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Nestle pulls Maggi noodles from India stores
      627 20 It reiterates that noodles are safe, but withdraws the product following confusion over excess lead reports Reuters Mumbai NESTLE SA will pull its Maggi instant noodles from stores across India, withdrawing one of the country’s most popular snacks after weeks of damaging headlines
      Reuters; PHOTO: REUTERS  -  627 words
    • Article, Illustration
      Lock icon Walmart blends in-store and online grocery shopping experience
      599 20 WP Bentonville, Arkansas AS Sam’s Club began allowing customers to buy their groceries online and pick them up in person, the Walmart-owned chain of stores noticed a frequent conundrum: Customers were having to wait too long in the warehouses to get their
      WP; PHOTO: REUTERS  -  599 words
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  • TRANSPORT
    • Article
      Lock icon New technology may end drunk driving
      687 21 Set of sensors or contact points will register alcohol level before driver can start car WP Washington FEDERAL officials have announced a technological breakthrough that could virtually eliminate the drunken driving that kills 10,000 Americans each year. The new equipment which is expected to
      WP  -  687 words
    • Article, Illustration
      Lock icon Takata, US regulator can’t say how many cars may have faulty air bags
      590 21 Reuters Detroit AT least 400,000 of the four million replacement inflators for defective Takata air bags will need to be replaced again in US vehicles, sources at the Japanese safety equipment maker and the US safety watchdog
      Reuters; PHOTO: REUTERS  -  590 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Challenger emerges for Eurogroup presidency
      435 22 Spanish Economy Minister faces Dutch Finance Minister Reuters Amsterdam THE race for the Eurogroup presidency began on Friday with the Netherlands’ Finance Minister Jeroen Dijsselbloem announcing that he will seek a second term and Spanish Economy Minister Luis de Guindos saying that he will mount
      Reuters; PHOTO: REUTERS  -  435 words
    • Article, Illustration
      Lock icon Sylvia Lim: MND has ‘misrepresented’ AHPETC’s request for govt grants
      705 22  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore THAT the Aljunied-Hou-gang-Punggol East Town Council (AHPETC) wants government grants without conditions and accountability is a “gross misrepresentation” by the Ministry of National Development (MND), AHPETC chairman Sylvia Lim said on Friday. She was
      705 words
    • Article, Illustration
      Lock icon German economy shifting into higher gear: Bundesbank
      607 23 It upgrades GDP growth expectations for 2015, 2016 AFP Frankfurt THE German economy, Europe’s biggest, has slipped into higher gear powered by low unemployment, higher wages and the weak euro, the German central bank, or Bundesbank, said on Friday. After notching up growth
      AFP; PHOTO: REUTERS  -  607 words
    • Article
      Lock icon China tightens Communist Party leadership at SOEs
      227 24 Reuters Beijing CHINESE President Xi Jinping on Friday called for the strengthening of Communist Party leadership at state-owned enterprises (SOEs), state media said, as the government prepares sweeping reforms to overhaul state industry. Mr Xi made his remarks at a top-level meeting where
      Reuters  -  227 words
    • Article, Illustration
      Lock icon Mers outbreak ups pressure for rate cuts in S Korea
      679 24 Spread could deal damaging blow to struggling economy Reuters Seoul AN outbreak of a deadly respiratory disease in South Korea could hurt consumer spending and tourism and is ramping up the pressure on the nation’s central bank to cut interest
      Reuters; PHOTO: REUTERS  -  679 words
    • Article, Illustration
      Lock icon Canada, Mexico push WTO for US$3b sanctions against US
      385 25 They are seeking a dispute settlement session to authorise punitive measures Reuters Mexico City CANADA and Mexico will seek World Trade Organization (WTO) authorisation to impose over US$3 billion in sanctions against US exports in retaliation against contentious meatlabelling laws, the
      Reuters; PHOTO: BLOOMBERG  -  385 words
    • Article
      Lock icon Indonesian tax drone takes off
      875 25 Bloomberg Singapore THE tax drone cometh. Above the vast forests of oil-palm and rubber trees in Sumatra and the scattered tin mines on islands to its east, the Indonesian government is flying unmanned aircraft to catch cheats who under report the size of their plantations
      Bloomberg  -  875 words
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      1338 23 TRANSIT-MIXED CONCRETE LTD (Incorporated In The Republic Of Singapore) Company Registration No. *****2587H NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 35th annual general meeting of Transit-Mixed Concrete Ltd will be held at Istana Room 3, Level 2, Carlton Hotel Singapore, 76 Bras Basah Road, Singapore *****8
      1,338 words
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      25 24 Top Alibaba female executive: Women who "trust intuition rather than reason" can be successful too *(,)"!’1.-+ $&0%#/ To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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      702 25 The Business Times NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HARRISON PROPERTIES PTE. LTD. (COMPANY NO.: *****2814D) (IN MEMBERS’ VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of Harrison Properties Pte. Ltd. held on 3 June 2015 at 9 Oxley Rise, #03-02 The
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  • OPINION
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      Lock icon A trade body’s Singapore story
      1098 26 / 27  -  Singapore International Chamber of Commerce has continued to be part of the country’s fabric and aims to look forward rather than back. By Victor Mills By Victor Mills SINCE its founding in 1837, the Singapore International Chamber of Commerce (SICC) has been at the heart
      PHOTO: THE STRAITS TIMES  -  1,098 words
    • Article, Illustration
      Lock icon What Fifa and AIIB tell us about the world order
      633 26 / 27  -  By David Marsh ~The writer is managing director and co-founder of the Official Monetary and Financial Institutions Forum OMFIF BRIEFING SEPP Blatter’s ejection as president of world soccer’s governing body and the political spat over the Chi-na-led Asian Infrastructure Investment
      OMFIF BRIEFING; PHOTO: AFP  -  633 words
  • Page 26 / 27 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Bond turmoil scary as hell: Bill Gross
        806 28 / 29 The rout sends 10-year and longer-term Treasuries down 7.4% since end-March, but the legendary bond investor doesn’t see the threat of a bear market Bloomberg Singapore TREASURY prices are falling enough to spook even 44-year veteran Bill Gross. The rout has sent US
        Bloomberg; PHOTO: BLOOMBERG  -  806 words
      • Article, Illustration
        Lock icon Get out of the fixed income comfort zone: Amundi
        748 28 / 29  -  In terms of investment style, buy-and-hold may not work, says firm By Genevieve Cua gen@sph.com.sg @GenCuaBT Singapore YIELD-hungry investors who want to continue to receive the same level of income that they got in the past few years must be willing
        PHOTO: BLOOMBERG  -  748 words
      • BROKERS' TAKE
        • Article
          Lock icon Q&M Dental Group
          140 28 / 29 Buy Maybank Kim Eng June 5 June 5 close: S$0.85 Target price: S$1.01 Q&M’s management under Quan Min Holdings, Heritas and several moratorised shareholders are selling a combined 8% of their stakes, representing 6 per cent of Q&M’s issued shares... In our view, giving some of its
          140 words
        • Article
          Lock icon UOB
          203 28 / 29  -  Compiled by Chan Yi Wen Buy OCBC Investment Research June 5 June 5 close: S$22.79 Fair value: S$25.20 SINCE touching a recent high of S$25.05 in late April 2015, the stock has declined to a recent low of S$22.60... While the outlook for Singapore is fairly positive for the
          203 words
      • Article, Illustration
        Lock icon The art of selling artefacts
        1414 30 To sell a collection, a good story is needed to hold it together NYT New York THE first coin that captured D Brent Pogue’s attention was a 1915 wheat penny. He was 10 years old, and at the time, he thought it was worth US$250
        NYT; PHOTO: REUTERS  -  1,414 words
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  • LIFE & CULTURE
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      Lock icon Flamboyant Aussie businessman Alan Bond dies at 77
      480 31 The high-flying America’s Cup hero had been in hospital after a triple-bypass operation but never regained consciousness Reuters Sydney ALAN Bond, the flamboyant Australian businessman who funded the country’s historic 1983 America’s Cup victory before losing his fortune and his freedom, died
      Reuters; PHOTO: AFP  -  480 words
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      26 31 Get rid of the new neighbours Hire pest control specialists or publicise your services in CLASS 116 To advertise, call the Print Classified Hotline: 1800-289 9988
      26 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      344 31 CRYPTIC CROSSWORD Across 1 Get the wrong idea about tailored denim perhaps (12) 9 Passing criticism for punch not delivered head-on (9) 10 Mock intermittently flawless English (5) 11 Seedily fashionable seafront’s disappearing it’s closed some of the time (6) 12 Spring horse race according to Spooner’s pal (8) 13
      344 words
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      132 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENNIA A HARSH, UNYIELDING ENVIRONMENT; AND SINCE 1875 THE HOME OF AUDEMARS PIGUET, IN THE VILLAGE OF LE B R A S S U S T H E E A R LY WAT C H M
      132 words