The Business Times, 10 June 2015

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Microfilm: NL33512
Total Pages: 26
1 26 The Business Times
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  • Title Section
    Lock icon Masthead
    31 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD■BEST IN OVERALL REDESIGN■ S$1.00 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 Wednesday, June 10,2015
    31 words
  • Article, Illustration
    Lock icon JAC’s restart impeded by messy stakeholder structure
    1011 1  -  If shareholders fail to agree on the way forward, S’pore’s largest aromatics facility by capacity may be in for a financial nightmare: observers By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore AS of now, operations at the Jurong Aromatics Corporation (JAC) have been stalled
    Source: Argus Media  -  1,011 words
  • Article
    Lock icon MARKETS
    28 1 Tuesday Change STI 3,295.13 -25.20 KL COMP 1,729.05 -10.40 NIKKEI 225 20,096.30 -360.89 HANG SENG 26,989.52 -326.76 SHENZHEN B 1,549.59 -8.96 DOW (11:45 am EDT) 17,791.94 +25.39
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  • DAILY DIGEST
    • Article
      Lock icon HSBC will eliminate
      25 1 as many as 50,000 jobs through 2017 as the bank seeks to cut annual costs by about US$5 billion. TOP STORIES 2
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    • Article
      Lock icon S’pore started
      20 1 temperature screening for passengers arriving from South Korea in light of the worsening Mers situation there.TOP STORIES 3
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    • Article
      Lock icon Loyz Energy
      24 1 will acquire Primeline Energy for about S$197 million, and seek a transfer of its listing from Catalist to Mainboard. COMPANIES MARKETS 5
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    • Article
      Lock icon Soilbuild Construction
      20 1 is ready to take the plunge on its first full-fledged construction project in Yangon, Myanmar. COMPANIES MARKETS 6
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    • Article
      Lock icon Resale prices of
      17 1 private condominiums and apartments remained flat in May, compared tO April. REAL ESTATE 10
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    • Article
      Lock icon Apple has unveiled
      21 1 a new music service, and detailed new versions of its software systems for iPhones, iPads and Macs. TECHNOLOGY/14
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    • Article
      Lock icon GDP in the euro area
      29 1 rose 0.4 per cent in the three months through March after expanding a revised 0.4 per cent in the previous three months. GOVT ECONOMY/17
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  • Article
    Lock icon High-end car dealers launch creative leasing packages
    857 1  -  With financing curbs and tiered ARF pricing such cars out of reach, leasing is now being offered as an option By Samuel Ee samuelee@sph.com.sg Singapore DEALERS of new and used super sports and ultra-luxury models are turning to creative leasing options, with demand
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  • Page 1 Advertisements
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      14 1 8"*****1 *****4 AVIATION INDUSTRY Record profit on the cards; challenges remain TOP STORIES 2
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    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      23 1 GCB SALE Belmont Road bungalow sold for over S$44m REAL ESTATE 10 HOT SPOT Investors take a shine to Asia exec money 26
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      61 1 BRIGHTER HORIZON Pacific Andes group now in calmer waters COMPANIES MARKETS 5 FIRST MOVERS WILL ALWAYS CHANGE THE WORLD. BUT WHICH ONE? >> Discover our approach at juliusbaer.com/visionary-thinking Julius Baer is the leading Swiss private banking group and present in some 50 locations worldwide. From Dubai, Frankfurt, Geneva, Guernsey, Hong
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  • TOP STORIES
    • Article
      Lock icon PropertyGuru secures S$175m from 3 investors
      786 2  -  The investment by TPG, Emtek Group and Square Peg Capital is expected to be completed by mid-June By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore PROPERTYGURU Group, which runs the popular online property portal, has secured S$ 175 million from three investors including US private equity
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    • Article, Illustration
      Lock icon HSBC to eliminate up to 50,000 jobs by 2017
      694 2 BLOOMBERG London HSBC Holdings Plc will eliminate as many as 50,000 jobs through 2017 by shrinking its global reach as chief executive officer Stuart Gulliver seeks to cut annual costs by about US$5 billion to restore profit growth. Europe’s largest bank
      BLOOMBERG  -  694 words
    • Article
      Lock icon HSBC continues to wind back the clock
      395 2  -  *131 REUTERS BREAKINGVIEWS By Peter Thal Larsen Hong Kong HSBC keeps going back in time. Four years after Stuart Gulliver started pruning the global bank, the chief executive has unveiled plans to cut risk-weighted assets by a quarter and shed tens of thousands
      395 words
    • Article, Illustration
      Lock icon Record profits for aviation industry this year, but challenges remain
      806 2  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE global aviation industry is cruising towards record profits for the year, though the region’s carriers will have to manage headwinds in the form of unpredictable currency movements, overcapacity and external risks. The International
      PHOTO: Reuters  -  806 words
    • Article
      Lock icon Mers deaths add to Korea rate cut odds as firms brace for impact
      466 3 Rate reduction will also help reverse won’s rally against yen, which is making it tougher to compete as exports fall BLOOMBERG Seoul A DEADLY virus that’s killed seven South Koreans and put almost 3,000 in quarantine is
      BLOOMBERG  -  466 words
    • Article
      Lock icon S’pore starts screening travellers from Korea
      247 3 STRAITS TIMES ONLINE Singapore SINGAPORE has started temperature screening at air checkpoints of passengers arriving from South Korea starting from Tuesday at 7pm. This is in light of the worsening Middle East Respiratory Syndrome (Mers) situation there and the reported breaches in containment and
      STRAITS TIMES ONLINE  -  247 words
    • Article
      Lock icon Singaporean exporters thrive on eBay, reach out to 41 markets
      767 3  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore A STUDY by eBay shows that Singapore’s tech-savvy retail exporters who use the company’s online marketplace sell to an average of 41 international markets. eBay defines retail exports as those sellers on its
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    • Article, Illustration
      Lock icon Cennerv Pharma aims to raise US$40m for groundbreaking drugs
      747 4  -  The biotech venture is ramping up efforts to bring to market drugs that can treat mental disorders By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore WHEN Anil K Ratty first endeavoured to use science to improve humankind, he had no idea of the
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    • Article, Illustration
      Lock icon Sporting-event organisers can build active partnerships with firms: Sebastian Coe
      725 4  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore SEBASTIAN Coe is a man who knows more than a thing or two about how to convince businesses to be involved in major sporting events. As chief of the London 2012 Olympic Games organising
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      153 3 BE CHAUFFEUR DRIVEN $AQ*ONLY! ■■(1 DAILY MONTHLY rW RATES AVAILABLE 7 UBI CLOSE, SINGAPORE *****4 alpinecarrental.com.sg (65) *****638 *Terms and conditions apply TECHNOLOGY TRANSFER IP STRATEGY IN KOREA” This seminar will offer an excellent opportunity to deepen your knowledge on the IP landscape in Korea, which strongly promotes the creative
      153 words
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      Lock icon Page 3 Advertisements Column 2
      150 3 SINGAPORE’S FINEST SERVICED OFFICES Fully furnished prestigious offices Business registration offices available Dedicated receptionist answering your calls the way you would like Meeting rooms, bilingual secretaries Global IT infrastructure 5 days free at any location across the globe per month Flexible lease terms from just 1 month VIRTUAL OFFICES COWORKING
      150 words
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  • Page 4 Advertisements
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      155 4 This Father’s Day, celebrate the special bond you share with Dad at our Daddy-Daughter Gourmet High Tea, held in conjunction with the Singapore Committee for UN Women. Enjoy three indulgent tiers of premium tapas, classic finger sandwiches and delicate sweet treats. Indulge in a à la minute selection of signature
      155 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Pacific Andes group now in calmer waters
      1013 5  -  After political troubles in Russia and a major Peruvian acquisition, the fish business is looking up again: MD of Pacific Andes International Holdings By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore PACIFIC Andes International Holdings, one of the largest seafood companies in the world, has
      PHOTO: SHAWN TEO; Source: Bloomberg  -  1,013 words
    • Article
      Lock icon Loyz to acquire Primeline Energy in RTO deal; plans transfer to mainboard
      420 5  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore LOYZ Energy on Tuesday announced that it would acquire oil and gas company Primeline Energy Holdings (PEH) for about S$197 million, and seek a transfer of its listing from Catalist to mainboard
      420 words
    • Article, Illustration
      Lock icon Soilbuild wins maiden contract in Myanmar
      837 6  -  US$50.4m project to build condo comes after two years of providing project management services there By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore AFTER about two years of observing the construction landscape from the sidelines in Yangon, Myanmar, Soilbuild Construction Group is finally ready to take
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    • Article
      Lock icon Saxo rolls out US$25m trading platform
      417 6  -  By Prisca Ang prisang@sph.com.sg Singapore COMPETITIVE pricing, transparency and the ability to trade on the go these are three of investors’ top priorities in Singapore and the Asia-Pacific, said the chief executive of Saxo Capital Markets’ Asia-Pacific unit Adam Reynolds. Clients in the Asia-Pacific
      417 words
    • Article
      Lock icon Tesco to sell off its S Korean unit Homeplus
      379 6 REUTERS Seoul BRITISH retailer Tesco plc has invited at least six firms including KKR Co and Carlyle Group to bid for its South Korean unit Homeplus, valued at about US$6 billion, sources said. A sale is seen as Tesco’s best bet
      REUTERS  -  379 words
    • Article
      Lock icon GIC to more than double its stake in Franshion Properties to 6.54%
      228 6  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore SINGAPORE’S sovereign wealth fund GIC will more than double its stake in Franshion Properties, after the latter placed 1.6 billion shares at HK$2.73 per share as part of efforts to supplement the
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    • Article
      Lock icon Quadria Capital raises US$304m for Asia healthcare investments
      362 6  -  By Fiona Lam fionalam@sph.com.sg Singapore QUADRIA Capital, one of Asia's largest healthcare private equity groups, has raised US$304 million for healthcare investments in the region, at the close of its third investment vehicle, Quadria Capital Fund LP. Based in Singapore and New
      362 words
    • Article
      Lock icon Female millennials’ role in financial services crucial
      637 6  -  By Nikita Mathur mathurn@sph.com.sg Singapore FEMALE millennials in financial services (FS) globally are playing an increasingly crucial role in the growth of the sector, though many financial services firms have yet to adopt attributes that would attract this particular pool of talent, according
      637 words
    • Article
      Lock icon ShareInvestor takes stake in InvestingNote
      237 7  -  By Ong Hui Qun ohuiqun@sph.com.sg Singapore SHAREINVESTOR, the financial media and technology company and subsidiary of Singapore Press Holdings (SPH), has acquired a 15 per cent stake in Investing Note Pte Ltd (InvestingNote), with an investment of S$150,000. The founder of InvestingNote, Shanison Lin, and
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    • CORPORATE DIGEST
      • Article
        Lock icon China New Town Development Co
        81 7 CHINA New Town Development Co disclosed on Tuesday that its executive director and vice-chairman Shi Jian, who is also a substantial shareholder of the group, has been required by the PRC Changzhou Procuratorate to remain under “custody in designated residence”. The group, which has primary
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      • Article
        Lock icon Junma Tyre Cord
        92 7 JUNMATyre Cord Company will be delisted from the Catalist board from 9am on June 10, 2015. In March, Ultimative made an exit offer price of 20 Singapore cents in cash. At the close of the offer in May, the offerors received acceptance of 7.96 million shares, representing
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      • Article
        Lock icon Travelite Holdings
        54 7 TRAVELITE Holdings has proposed to undertake a five-into-three share consolidation, under which every five existing ordinary shares held by shareholders will be consolidated into three shares. This is to meet Singapore Exchange’s continuing listing requirement for mainboard issuers to have a minimum trading price requirement of S$0.20 per
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      • Article
        Lock icon XMH Holdings
        39 7 xmh Holdings, a diesel engine, propulsion and power-generating solution provider in the marine and industrial sectors, has secured orders totalling S$23.1 million. These orders are secured under unit Mech-Power Generator Pte Ltd and Z-Power Automation Pte Ltd.
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      • Article
        Lock icon Linc Energy
        106 7 LINC Energy appointed Genting Bhd’s energy chief executive Ong Tiong Soon as non-executive director on May 28, the oil and gas exploration company announced early on Tuesday. Linc chairman Peter Bond, chief executive Craig Ricato and the non-executive directors of Linc’s board have also agreed to a 20
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    • Article
      Lock icon PICTET
      263 7 Pictct-Absl Rtn Fxd Inc-HP EUR 04/06/2015 EUR 103,70 Pictet-Absl Rtn Glo Div-P EUR 04/06/2015 EUR 120,65 Pictet-Asian Equities Ex Japan-P USD 05/06/2015 USD 212,21 Pictet-Asian Local Currency Dcbt-P USD 05/06/2015 USD 144,89 Pictet-Biotech-P USD 04/06/2015 USD 814,77 Pictet-Clean Energy-P USD 04/06/2015 USD 90,90 Pictet-Digital Communication-P USD 04/06/2015 USD 232,79
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    • Article
      Lock icon China’s No 2 trust firm makes strong debut with US$ bond
      466 7  -  Zhongrong Int’l Trust’s US$225m three-year issue pays 6% coupon By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore Singapore ZHONGRONG International Trust, China’s second-largest trust company, has sold its first US dollar bond which was also a debut for the nation’s
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    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times Index June 9,2015 3,295.13 -25.20 (-0.76%) Current streak 4 days Day high 3,330.32 Day low 3,295.13 52-week high 3,539.95 (Apr 15, 2015) 52-week low 3,154.21 (Oct 16, 2014) FTSE ST Catalist index June 9,2015 672.19 -12.62 (-1.84%) Current streak 4 days Day high 685.61 Day low
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    • Article, Illustration
      Lock icon STI slumps to five-month low
      662 8  -  Wall St, regional declines key factors behind weakness; bulk of loss comes from Jardine stocks STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index (STI) on Tuesday traded almost entirely in the red before suffering a fourth consecutive fall when it ended 25.20 points
      Source: Bloomberg  -  662 words
    • Article
      Lock icon STI STOCKS
      307 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 239 -1 244/238 271 219 6.1 6043.8 CapitaLand 339 +2 342/335 379 293 12.4 2.7 *****.3 CapitaMall Trust 207 -6 214/207 228 188.5 5.2 7182.3 CityDev 974 -16 988/972 1095 915 11.7
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    • Article
      Lock icon GAINERS
      73 8 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 84.0 0.6 *****/***** DBS Grp 2042 34.0 1.7 2123/1672 UOB 2292 18.0 0.8 2505/2153 DBXT S&P Short US$ 2163 17.6 0.6 2497/2117 Petra Foods 355 10.0 2.9 420/342 BY PERCENTAGE CLOSE UP 52w high/low ChinaSing Inv 2.9 190.0 1.9 3.9/0.7
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share ftse ST All-Share index June 9,2015 792.59 -6.64 (-0.83%) Current streak 4 days Day high 799.98 Day low 792.59 52-week high 847.98 (Apr 15, 2015) 52-week low 762.71 (Oct 16, 2014)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE Index June 8,2015 1,863.69 -2.11 (-0.11%) Current streak 3 days Day high 1,872.42 Day low 1,859.95 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 3 9 4 0 0 0 3 9 4 Manufacturing 30 72 39 8 15 4 38 87 43 Commerce 16 26 17 1 7 4 17 33 21 Tpt/Stor/Comms 5 19 12
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    • Article
      Lock icon LOSERS
      77 8 BY CENTS CLOSE DOWN 52w high/low JMH USD 5754 -333.3 -4.1 6788/5653 DBXT AUDBonds AU$ ***** -296.5 -1.4 *****/***** SPDR S&P500 US$ ***** -230.3 -0.8 *****/***** JSH USD 3108 -158.5 -3.6 3810/3100 DBXT China50 US$ 3890 -130.1 -2.4 4258/2800 BY PERCENTAGE CLOSE DOWN 52w high/low DBS MB ePW*****5 5.9
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 8 VOL CLOSE($) CHANGE Edition 10,853.2 0.023 +0.008 +53.33 ChinaSing Inv 10.1 0.029 +0.019 +190.00 China Yongsheng 776.6 0.020 +0.002 +11.11 Pharmesis Intl 305.8 0.035 -0.010 -22.22 Sinostar Pec 99.0 0.112 +0.022 +24.44 TIH 131.7 0.785 -0.065 -7.65 OLS 26,761.9 0.008 -0.001 -11.11 Tung Lok Rest 70.0 0.117 -0.005
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    • BROKERS’ TAKE
      • Article
        Lock icon China Everbright Water
        179 8 Buy June 9 close: S$1.025 Target price: S$1.32 Deutsche Bank, June 9 We initiate coverage of China Everbright Water (CEW) with a Buy. CEW is well positioned to become one of the leading water companies in China, supported by its SOE (state-owned enterprise) background, low funding cost
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      • Article
        Lock icon Ml
        148 8 Buy June 9 close: S$3.40 Target price: S$3.60 DBS Group Research, June 9 SMRT will not bid for fourth telco licence with OMGTel, leaving MyRepublic as a possible strong contender for the fourth telco licence. The development is a relief for the three existing telcos as MyRepublic plans to
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      • Article
        Lock icon IPS Seen rex Holdings
        134 8  -  Compiled by Melissa Tan Buy June 9 close: S$0.77 Target price: S$1.01 RHB, June 9 IPS has received an earlier-than-expected US$4 million purchase order, which will be directly accretive to FY15 net profit after tax, but growth will be limited by one-off costs from its co-manufacturing
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    • Article
      Lock icon MOST ACTIVE
      34 8 VOLUME Noble 85,407,800 SIIC Environment 51,710,400 StratechGroup 51,492,300 IHC 40,438,500 Ntegrator Intl 39,071,500 Market volume 1,591,783,000 VALUE DBS Grp 103,362,376 Singtel 98,862,193 UOB 92,307,008 Noble 57,734,597 Keppel Corp 49,552,005 Market value 1,343,586,000
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    • Article
      Lock icon SGX ETFs Most Active
      109 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 336 -1 564 337/335 355/319 335/336 IS MS INDIA US$ US714 +2 121 716/710 1000/696 712/714 89.3 UETF SSE50China 334 -4 103 339/330 340/140 331/334 104.4 DBXT MSRussia US$ US204 +3 38 204/202 302/140
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jun 9 VALUE CLOSE BT OB/OS -1036.00 -131.00 BT CADI -*****.00 -183.00 BT 10-day MA -*****.00 -104.00 FTSE ST Mid Cap 760.48 -8.17 FTSE ST Small Cap 478.38 -5.61 FTSE ST All Share 792.59 -6.64 FTSE ST China Top 207.51 -1.88 FTSE ST China 245.97 -3.70 FTSE
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,823 17,823 81,379 81,379 Manufacturing 136,053 55,474 191,527 96,907 3,957 100,864 Commerce 174,873 25,373 200,246 119,440 954 120,395 Tpt/Stor/Comms 150,561 500 151,061 236,371 35 236,406 Finance 36,673 96 36,769 278,135 18 278,152 Construction 22,366 6,822
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    • Article
      Lock icon US dollar steadies against major currencies
      385 9 CURRENCIES REUTERS London THE US dollar steadied against a basket of major currencies on Tuesday, having unwound most of its postpayrolls gains on lingering worries about whether US authorities are comfortable with its recent strength. With two-year Treasury yields having fallen back towards pre-jobs
      REUTERS  -  385 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Jun 9 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.952 4.749 0.678 5.933 48.891 101.900 0.953 8.570 2.877 1.078 77.965 34.427 1.037 9.591 0.709 23.827 25.844 0.501 0.765 Canada 1.051 4.991
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      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Jun 9 Source: OCBC Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0366 1.0370 0.7652 0.7654 Canadian dollar 1.0893 1.0899 0.8044 0.8041 Euro 1.5286 1.5290 1.1284 1.1286 NZ dollar 0.9610 0.9618 0.7094 0.7099 Sterling pound 2.0698 2.0708
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Jun 9 S$ Bid Offer 1-month 1.3554 1.3558 2-months 1.3563 1.3567 3-months 1.3572 1.3578 6-months 1.3584 1.3590 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        205 9 Jun 9 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left WE Holdings Ltd W*****5 0.2 unch ***** 1 0 2 DBS MB eCW*****5 13.7 2.6 ***** 0.1 2050 3 FTSEChinaA50 ***** MBeCW*****0 14.3 -2.2 5215 0.0 1
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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 Jun 8 Index Change Change Change Change Change Change World Preliminary 1335.0 -0.4 4.6 -0.2 5.3 -0.2 2.7 EAFE Preliminary 1080.1 -0.6 9.4 0.0 7.6 -0.1 5.0 Europe Preliminary 1490.7 -0.7 7.9
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        413 9 Jun 9 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.55 *****.91 *****.38 Jun15 *****.00 *****.50 *****.00 *****.00 *****9 *****6 Jul15 *****.00 *****.00 *****.50 *****.00 ***** ***** NIKKEI 225 INDEX FUTURES SPOT *****.05 *****.42 *****.48 Jun15 *****.00 *****.00 *****.00 *****.00 *****6 *****1 Sep15
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Jun 9 $S Offer Bid 0vernight 0.01 Par 1-month 0.6875 0.5625 2-months 0.75 0.625 3-months 0.8125 0.6875 Overnight mode: 0.10 US$ Offer Bid 7 days 0.18 0.08 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 0.80 0.60 12
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      • Article
        Lock icon SIBOR
        36 9 Jun 9 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 1.***** Source: Thomson Reuters
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      • Article
        Lock icon GOVERNMENT SECURITIES
        65 9 Jun 9 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.3 102.36 102.33 5-Year N*****0H 1.625 01-Oct-19 98.83 10-Year NX*****Z 2.375 01-Jun-25 97.01 97.30 96.85 15-Year NY*****E 2.875 01-Jul-29 99.41 99.80 99.17 20-Year NZ*****V 3.375 01-Sep-33 104.37 104.72 104.30
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        245 9 Jun-8 Price Net change change Last Trade Agricultural Jun-8 CBOT Soybeans (US cents/bu) 944.25 6.50 0.69% 14/07/2015 CBOT Soybean Oil (US cents/lb) 34.10 -0.68 -1.96% 14/07/2015 CBOT Wheat (US cents/bu) 528.00 11.00 2.13% 14/07/2014 Jun-8 LIFFE Cocoa (£/tonne) 2110.00 -2.00 -0.09% 16/07/2015 LIFFE Coffee (US$/tonne) 1724.00 -4.00 -0.23%
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
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      204 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Good Class Bungalow in Belmont Road sold for more than S$44m
      499 10 35 Ridout Road sold at nearly S$91.69m to Soon Hock Property Development, owned by Tan Yeow Khoon Singapore A COUPLE of large Good Class Bungalow transactions have been inked recently. Seasoned property investor Thomas Chan is said to be
      FILE PHOTO  -  499 words
    • Article
      Lock icon Condo resale prices remain flat in May
      482 10  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore RESALE prices of private condominiums and apartments remained flat in May, compared to April. Notably, prices in Core Central Region fell by 1.2 per cent, but this was offset by both the city fringe and suburbs where
      482 words
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      Lock icon Australia delves deeper into illegal home buying by foreigners
      461 10 AFP Sydney AUSTRALIAN Treasurer Joe Hockey on Tuesday widened a probe into the illegal buying of residential property by foreigners, with almost 200 sales being investigated for breaching investment rules. Prices of residential real estate in some of Australia’s biggest cities,
      AFP  -  461 words
    • Article
      Lock icon Cerberus Capital said to buy 4,200 houses in biggest US bulk purchase
      561 10 BLOOMBERG Washington CERBERUS Capital Management is buying about 4,200 US houses, expanding its foray into home rentals in the industry’s largest bulk purchase. The investment firm plans to acquire the properties from BLT Homes, a rental company owned
      BLOOMBERG  -  561 words
    • Article
      Lock icon Regulator gives nod to China’s first Reit offering
      198 10 BLOOMBERG Shanghai CHINA’S securities regulator has granted approval for the first public sale of units by a real estate investment trust, broadening the financing channels for developers facing a prolonged housing market slump. The China Securities Regulatory Commission on Monday approved the
      BLOOMBERG  -  198 words
    • Article
      Lock icon ‘Crazy’ Auckland house prices leave central bank chief in a bind
      737 10 BLOOMBERG Wellington AUCKLAND mortgage broker John Bolton says that business went through the roof when central bank governor Graeme Wheeler started talking about cutting interest rates. Mr Bolton’s Squirrel Mortgages has more than doubled loan volumes since March, when
      BLOOMBERG  -  737 words
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  • Article, Illustration
    Lock icon Serving the services sector
    1933 11 SIM Global Education is doing its part to develop skilled professionals for an industry in need of local talent ADVERTORIAL THE services industry is one of the most important pillars of the Singapore economy, with the sector alone providing jobs to 80 per cent of the
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      162 11 About SIM GE NSIM GE is one of Singapore’s largest private education institutions and offers over 70 full-time and part-time academic programmes such as retail marketing, banking, finance, economics and management from 12 reputable global universities. N Its total student enrolment is 22,000 where 19,000 are full-time and 3,000 part-time
      162 words
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  • BANKING & FINANCE
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      48 12 THE AUTHORITY ON ALL THINGS AUTOMOTIVE IT’S OUR 25THBIRTHDAY, BUT YOU GET THE PRESENTS! OVER $25,000WORTHOF PRIZESUP FORGRABS FORMULAONEAFTER-PARTYPASSES SUPERCAR STREETCIRCUITTOURS CAR GROOMING PACKAGES NEWLOOK! F1 SIMULATOR DRIVES FUN KARTING PASSES HOWTOWIN GRAB A COPY OF TORQUE JUNE ANNIVERSARY ISSUE (IN PRINT OR DIGITAL) TO JOIN THE CONTEST!
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Modi plans to wean India off gold
      1155 13 But government plan to reduce trade deficit by recirculating gold lying in temple vaults and homes faces many challenges BLOOMBERG Mumbai THE prospect of his gold offering to the Hindu deity Lord Venkateswara being melted down to help India shrink its trade deficit
      BLOOMBERG  -  1,155 words
    • Article, Illustration
      Lock icon US shale oil boom grinds to a halt as Opec keeps pumping
      733 13 San Francisco THE shale oil boom that turned the US into the world’s largest fuel exporter and brought US$3 petrol back to America’s pumps is grinding to a halt. Crude output from the prolific tight-rock formations such as
      PHOTO: REUTERS  -  733 words
    • Article
      Lock icon Diamond industry unites to match 20th century’s best ad line
      571 13 BLOOMBERG London What makes a diamond valuable? History shows that a slick marketing team and a killer tagline help. “Diamonds are Forever”, voted the best slogan of the 20th century by Advertising Age, helped De Beers convince people for almost
      BLOOMBERG  -  571 words
    • Article
      Lock icon Newmont to buy AngloGold’s Colorado mine for US$820m
      153 13 BLOOMBERG Toronto NEWMONT Mining Corp, the largest US gold producer, agreed to buy the Cripple Creek Victor mine in Colorado from AngloGold Ashanti for US$820 million. Newmont will also pay a 2.5 per cent royalty for gold production from potential future underground
      BLOOMBERG  -  153 words
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      963 13 THE BUSINESS TIMES NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HAO SHENG INTERNATIONAL PTE. LTD. ACRA No. *****2059M (IN MEMBERS’ VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the abovementioned Company duly convened duly convened and held at 138 Cecil Street #05-03
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  • TECHNOLOGY
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      Lock icon Alibaba’s Jack Ma in America to ‘sell’ China’s middle class
      565 14 BLOOMBERG San Francisco ALIBABA Group Holding Ltd chairman Jack Ma will visit New York and Chicago this week, seeking to pitch China’s middle class as a growth opportunity for American business and his e-commerce company. Mr Ma is looking for
      BLOOMBERG  -  565 words
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      Lock icon Apple unveils music streaming, software upgrades and apps
      1200 14 Many new features make iPhones smarter and more contextually aware of users’ daily rhythms and needs NYT San Francisco APPLE’S iTunes has grown stale. It is difficult to use and feels dated when compared with online music services like Spotify and Pandora.
      NYT; PHOTO: NYT  -  1,200 words
    • Article
      Lock icon Start-up nation stymied as geek shortage curbs tech boom
      768 14 BLOOMBERG Tel Aviv ISRAEL’S technology miracle is threatened by a dearth of people in the very professions that made it happen: engineers and computer scientists. Companies such as the US units of SanDisk and Broadcom said that finding qualified workers is
      BLOOMBERG  -  768 words
    • Article
      Lock icon High-tech extortion attacks nearly doubled in Q1: report
      309 14 Berlin HIGH-TECH extortion schemes nearly doubled in the first three months of 2015, while attacks on Adobe Flash software used in streaming media and casual game sites quadrupled, a global report said on Tuesday. Intel Corp’s McAfee Labs Threats Report for May
      309 words
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  • CONSUMER
    • Article
      Lock icon FDA to consider approval of new class of cholesterol drugs
      863 15 PCSK9 inhibitors are self-injected every 2 weeks, and work by blocking substance that hinders liver’s ability to remove cholesterol from blood WP Washington A FEDERAL advisory committee this week will decide whether to recommend approval of the first in a
      WP  -  863 words
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      Lock icon Embattled retailer avoids fight over board
      746 15 NYT New York AMERICAN Apparel said that it had averted a proxy fight with an ally of its estranged founder and former chief executive, Dov Charney, as the retailer unveiled a turnaround plan meant to get it back on a growth track towards US$1
      NYT; PHOTOS: NYT  -  746 words
    • Article
      Lock icon Kiwis stirred up over new Milo recipe
      154 15 AFP Wellington NEW Zealanders are boiling mad over a recipe tweak to their favourite chocolate milk drink Milo, labelling the new taste “crapola” and “disgusting”. Milo has been a Kiwi favourite for more than 80 years mixed with either hot or cold milk,
      AFP  -  154 words
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      1611 15 The Business Times NOTICES Steel Solutions NICO STEEL HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Company Registration No: *****4166D NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fourteenth Annual General Meeting of the Company will be held at Napier Room (502), Level 5, RELC International Hotel,
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Singapore’s WorkRight programme shares top UN public service prize
      293 16  -  Started in September 2012, the initiative has benefited over 42,000 Singaporeans as at April 1 this year By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE’S WorkRight initiative has won a shared first prize in the “Promoting Whole-of-Government Approaches in the Information Age”
      293 words
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      Lock icon Indonesia’s default risk surges amid concerns of fund exit
      738 16 BLOOMBERG Jakarta THE cost to insure Indonesia’s bonds against default rose to the highest this year as the falling rupiah and accelerating inflation fuelled concern foreign investors will pull out of the country. Five-year credit default-swaps on the debt jumped 19
      BLOOMBERG; PHOTO: REUTERS  -  738 words
    • Article
      Lock icon China’s soft May inflation boosts case for stimulus
      432 16 REUTERS Shanghai CHINA’S consumer inflation eased while producer prices stayed stubbornly in deflation in May, bolstering the case for fiscal stimulus as the world’s second-largest economy shrugs off monetary easing. Annual consumer inflation eased to 1.2 per cent in May thanks to
      REUTERS  -  432 words
    • Article
      Lock icon Startups turn German Cold War death strip into economic hub
      749 16 Lure of startup scene also attracts MNCs to the area to link up with digital industry BLOOMBERG Berlin WHEN Oliver Feucht-Zwerger left Berlin in 2011 to work in Switzerland, the area around Ostbahnhof, once a Cold War death strip, was
      BLOOMBERG  -  749 words
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      Lock icon Iceland embarks on delicate task of lifting capital controls
      854 16 Govt wants to prevent exodus of money which will destabilise currency NYT Reykjavik AFTER Iceland imposed capital controls during the global financial crisis, the move helped stabilise the country’s banking system, putting the economy on a path to recovery. As Iceland
      NYT; PHOTO: BLOOMBERG  -  854 words
    • Article
      Lock icon Job openings rise in April to highest level since end-2000
      363 17 Wholesale inventories up more than expected as sales jump, helped by stabilising oil prices LATEST US DATA BLOOMBERG REUTERS Washington JOB openings in the United States increased to the highest level in more than 14 years, showing the labour market
      BLOOMBERG; REUTERS  -  363 words
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      Lock icon 1MDB may scrap plans for US$3b IPO of power unit
      559 17 REUTERS Kuala Lumpur MALAYSIAN state investment fund 1MDB is likely to abort plans for a US$3 billion IPO of its power unit and focus on an outright sale of its energy assets, three people with direct knowledge of the deal
      REUTERS; PHOTO: REUTERS  -  559 words
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      Lock icon Latest Greek offer doesn’t go far enough, say EU officials
      622 17 REUTERS Athens EUROPEAN Union officials on Tuesday swiftly dismissed new Greek promises of reform, saying the proposals were not enough to unlock funds that Athens urgently needs to avoid defaulting on its debts. Despite signs that Prime Minister Alexis Tsipras
      REUTERS; PHOTO: BLOOMBERG  -  622 words
    • Article
      Lock icon Euro area Q1 growth boosted by exports and consumption
      471 17 BLOOMBERG Zurich FIRST-QUARTER growth in the euro area was driven by exports and private consumption. Gross domestic product rose 0.4 per cent in the three months through March after expanding a revised 0.4 per cent in the previous three months, the
      BLOOMBERG  -  471 words
    • Article
      Lock icon PM Lee thanks Malaysia for help given after Sabah quake
      471 17  -  Move is in response to condolence letter from Malaysian premier Najib By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore PRIME Minister Lee Hsien Loong has thanked Malaysia for the support and help given to Singapore in the aftermath of last Friday’s deadly
      471 words
    • Article
      Lock icon HK seeks increase in quota to invest in mainland’s financial markets
      235 17 REUTERS Hong Kong HONG Kong is in talks with the authorities in Beijing to expand its quota to invest in mainland financial markets as the limit has been reached, the city’s financial secretary said on Tuesday. As a pioneer
      REUTERS  -  235 words
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      Lock icon Fed rate rise putting a lid on US equity gains
      876 18 Historical data shows valuations will fall once tightening begins, and lower earnings projections add to that risk, say analysts BLOOMBERG New York NEVER before has a rally in the US stock market gone on this long without a Federal Reserve
      BLOOMBERG; PHOTO: AFP  -  876 words
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      Lock icon China to have ‘veto power’ at AIIB, reports WSJ
      407 18 AFP Beijing CHINA will ultimately have “veto power” over major decisions of the new Beijing-led Asian Infrastructure Investment Bank (AIIB), The Wall Street Journal reported on Tuesday. The AIIB, which will be based in the Chinese capital, has 57 prospective members,
      AFP; PHOTO: AFP  -  407 words
    • Article
      Lock icon Cuba Inc open to foreign capitalists, but on its own terms
      701 18 REUTERS Havana COMMUNIST Cuba’s newfound interest in foreign capital has its limits, as Philippe Pouletty found out. A French doctor and founder of biotech company Abivax, Mr Pouletty is working with Cuba’s Centre for Genetic Engineering and Biotechnology to
      REUTERS  -  701 words
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      Lock icon Australian business confidence hits 9-month high in May
      465 18 REUTERS Sydney AUSTRALIAN business confidence rebounded to a nine-month high in May as sales and profits improved, likely reflecting the impact of record-low interest rates and a better received government budget, a survey showed on Tuesday. National Australia Bank’s monthly survey of
      REUTERS  -  465 words
    • Article
      Lock icon CEOs temper US economic growth outlook for 2015: survey
      311 18 REUTERS Chicago US chief executive officers have become a bit more pessimistic in their outlook for the American economy in 2015 and fewer of them expect to increase sales, investment and hiring this year, a quarterly business group survey said on
      REUTERS  -  311 words
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  • TRANSPORT
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      Lock icon US-Gulf airline feud casts a shadow on Iata conference
      641 19 avoid it and be diplomatic.” BLOOMBERG Miami GLOBAL airlines buoyed by a record profit forecast are also grappling with how to mend a rift between the largest US carriers and their rivals in the Persian Gulf. The annual general meeting of
      avoid it and be diplomatic.” BLOOMBERG; PHOTO: AFP  -  641 words
    • Article
      Lock icon Sales of aircraft entertainment systems seen surging 10%
      388 19 REUTERS Miami AIRLINES will propel annual sales growth of in-flight entertainment systems by more than 10 per cent for several years as they scramble to put better Internet connections on aircraft, the head of Thales’ connectivity business said. Travellers increasingly want airlines
      REUTERS  -  388 words
    • Article
      Lock icon Can a systematic risk approach sit well with entrepreneurial spirit?
      733 19  -  Moore Stephens says insufficient resources and time are devoted to risk management at too many companies STRAIT TALK BY DAVID HUGHES RISK and the sea go hand in hand. That is why shipping led the way in developing sophisticated forms
      733 words
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      Lock icon Qatar Airways eyes stakes in other carriers
      450 19 CEO says he also wants to raise the current 10% stake in British Airways parent BLOOMBERG Atlanta QATAR Airways, already one of the world’s fastest-growing airlines, is looking to build its global presence by buying up stakes in other airlines. Akbar Al Baker,
      BLOOMBERG; FILE PHOTO  -  450 words
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      Lock icon Don’t call me The Terminator, says new MAS chief
      528 19 He acquires sobriquet following 6,000 job cuts at the Malaysian carrier BLOOMBERG London MALAYSIA Airlines’ chief executive isn’t shying away from cutting jobs or scrapping routes to return the carrier to profit, though he’s not particularly fond of the nickname he’s
      BLOOMBERG; PHOTO: REUTERS  -  528 words
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      Lock icon Uber’s big spending strategy in China paying off
      1323 20 Big bonuses are attracting more drivers and sources say it is providing 100,000 rides a day NYT Hong Kong UBER is spending money at a breakneck rate to crack the China market even paying its drivers more than the fares they collect.
      NYT; PHOTO: NYT  -  1,323 words
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      Lock icon Transporting 6.8m commuters a day, and bracing for more
      862 20 BLOOMBERG Tokyo IT’S Monday morning and Tokyo is going back to work after the Golden Week holidays. By 8:16 at Shinjuku station, the world’s busiest, lines of waiting commuters overlap with those from the opposite platform. The smell of pastries from
      BLOOMBERG; PHOTO: BLOOMBERG  -  862 words
    • Article
      Lock icon Merc’s new E-Class cars set to autopilot on highways
      619 20 BLOOMBERG Munich DRIVERS of Mercedes-Benz’s new E-Class sedan will have to get used to a startling feeling: the steering wheel moving in their hands as it pilots motorways and country lanes by itself. What’s so far only been shown in test
      BLOOMBERG  -  619 words
    • Article
      Lock icon China-built rail line links Djibouti and Ethiopia
      512 20 Big aim is a trans-Africa railway connecting the Red Sea to the Atlantic Ocean AFP Djibouti THE leaders of Djibouti and Ethiopia will oversee the completion of a railway linking their two capitals on Thursday, with the ambition that the link might eventually
      AFP  -  512 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    1802 21 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 OCEAN PROCEED 1 60 17/6 19/6 21/6 23/6 POSITIVE STAR 107 100 28/6
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      104 21 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 S ’TNG TIMES Make A Splash In The Maritime World Via sjfii3fnaritime.coM Ahoy there! If you are in a business pertaining to any sector of the maritime
      104 words
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  • OPINION
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      Lock icon Being a Smart Nation entails having open mind on technology
      581 22 EDITORIAL SINGAPORE as a Smart Nation was the principal focus of last week’s mega infocomm technology (ICT) show, the CommunicAsia, EnterpriseIT and BroadcastAsia 2015. This trade show-cum-conference is one of Asia’s largest ICT events and more than 48,000 attendees from
      581 words
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      Lock icon When HK democrats may actually be preferable to China
      815 22  -  THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 Hong Kong THAT old question, what happens when an irresistible force meets an immovable object, received a new answer on
      815 words
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      Lock icon China signals readiness to lead connectivity push
      1059 22  -  Beijing heralds its arrival as an economic powerhouse with the Silk Road Fund, the AIIB and its sustainability roadmap for the new overland and maritime Silk Roads. BY SANCHITA BASU DAS Roads.BY SANCHITA BASU DAS T The writer is an Iseas Fellow and
      PHOTO: REUTERS  -  1,059 words
    • Article
      Lock icon Asean: A frontier consumer market for wealth management
      875 23  -  COMMENTARY By Matthew Colebrook T The writer is head of retail banking and wealth management at HSBC Singapore SOUTH-EAST Asia’s economic boom is resulting in the emergence of a new middle class, heralding vast opportunities for global wealth management. Since the 1970s,
      875 words
    • Article
      Lock icon Why advice is sometimes best behind closed doors
      616 23  -  COMMENTARY By David Marsh TThe writer is managing director and co-founder of the Official Monetary and Financial institutions Forum OMFIF BRIEFING CHRISTINE Lagarde, managing director of the International Monetary Fund, may be complicating deci-sion-making over a US interest rate rise through last
      OMFIF BRIEFING  -  616 words
    • Article
      Lock icon Higher productivity – sea change needed in education system
      336 23  - Higher productivity sea change needed in education system TTLETTER TO THE EDITOR Gerrard Ball I would like to commend Fraser Thompson for his excellent article, “Singapore’s productivity imperative: The three missing pieces”, BT June 9, 2015. I agree with his points and rationale, but would like to add a fourth
      336 words
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      Lock icon Fed’s dilemma: To raise or not to raise interest rates now
      1139 23  -  Low growth in wages and productivity, despite the healthy rise in employment numbers, is the big concern By Leon Hadar Washington DESPITE the slight rise in the unemployment rate, the American labour market continued its upward trend in May,
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Mumbai’s horse-drawn carriages reaching the end of the road
      366 24 AFP Mumbai MUMBAI’S ornate horse-drawn carriages are nearing the end of the road after a court in the Indian city ruled them illegal, saying owners must wind up operations within a year. The silver-coloured Victorias styled on open carriages used during
      AFP; PHOTO: AFP  -  366 words
    • Article, Illustration
      Lock icon Why Swedes always make time for afternoon delights
      856 24 The Swedish coffee break, or fika, is more than just coffee and a slice of cake it’s a commitment to slow down AFP Stockholm THE French have their wine, the British have their tea. For Swedes, it’s all about fika, the de
      AFP; PHOTO: AFP  -  856 words
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      Lock icon Latest Jurassic movie reflects desire for profit
      603 24 AFP Los Angeles THE fearsome dinosaurs from the 1993 classic Jurassic Park are back for their fourth outing this week and they’re genetically modified and computer-animated to be more terrifying than ever. Co-produced by Steven Spielberg who directed the first two films Jurassic
      AFP; PHOTO: UIP  -  603 words
    • Article
      Lock icon African art enters bull market as rich see it as status symbol and investment
      443 24 BLOOMBERG Lagos IN his two-acre compound walled off from the chaotic din of the Nigerian commercial hub of Lagos, Yemisi Shyllon is struggling to fit the country’s largest private art collection in his 20 rooms. The
      BLOOMBERG  -  443 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      350 24 CRYPTIC CROSSWORD Across 1 Taking meal when touring a flat useful start? (9-3) 8 Endless time OAP’s spent in type of painting (7) 9 Advice from local authority reportedly (7) 11 Modelled a toga it is done in a ruffled style (7) 12 Religious class on island for one having
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      494 25 Keep Calm And Take Charge, Shun Failure, Network Effectively! Who should attend: Managers, Directors, Business Owners, Sales and Service Executives. FULL-DAY WORKSHOPS Positive Thinking: Bouncing Back From Failure Taking Initiative And Making Things Happen At The Workplace Taking initiative means handling duties and responsibilities without waiting to receive instructions from
      494 words
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  • EXECUTIVE MONEY
    • Article, Illustration
      Lock icon Investors take a shine to Asia
      783 26  -  With better macro-economic fundamentals and improved corporate earnings, it is one of the bright spots in emerging markets.BY markets.BY GENEVIEVE CUA gen@sph.com.sg @GenCuaBT ASIA is the “silver lining’’ among global emerging markets, said Tan Min Lan, UBS Wealth Management head of the Asia-Pa-cific investment
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      Lock icon Reform is what advocates of the China ‘bubble’ have missed
      750 26  -  MONEY MATTERS By Chi Lo The writer is senior economist, BNP Paribas Investment Partners THE view that the rapid run-up in Chinese stock prices since mid-2014 has been mostly driven by liquidity and hype ignores the importance of a strong
      Source: CEIC, BNPP IP (Asia)  -  750 words
    • Article
      Lock icon Global mutual funds buy more of S’pore stocks
      455 25 ON THE RADAR GLOBAL mutual funds bought more Singapore stocks then they sold in the 12 weeks to June 3. Based on the top five stocks, there were net purchases worth S$1.16 billion compared to net sells of S$945.1 million. This week
      455 words
    • Article
      Lock icon When unicorns aren’t as big as they appear
      912 25 Protections for late-stage investors can inflate the indicated valuations of tech startups by 10-25% NYT New York WARNING: Some unicorns may be smaller than they appear. The recent proliferation of socalled unicorns startup technology companies valued at more than US$1 billion has
      NYT  -  912 words
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      93 26 ON THE RADAR Global mutual funds buy more of S’pore stocks /25 TECH STARTUPS When unicorns can be just a mirage 25 1 Zs aster the ar c-time ii 1 fielax to music and smoot ennessy Paradis, orago|x)l jj|glass of Dom Perignon. Igenc I indulgence in our First Clas i
      93 words