The Business Times, 11 June 2015

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Total Pages: 26
1 26 The Business Times
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  • Title Section
    Lock icon Masthead
    32 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 Thursday, June 11,2015
    32 words
  • Article
    Lock icon MARKETS
    29 1 Wednesday Change STI 3,325.77 +30.64 KL COMP 1,735.63 +6.58 NIKKEI 225 20,046.36 -49.94 HANG SENG 26,687.64 -301.88 SHENZHEN B 1,557.72 +8.13 DOW (11:45 am EDT) 18, 019.62 +255.58
    29 words
  • Article, Illustration
    Lock icon All eyes on Malaysia’s debt rating review
    1036 1  -  If Fitch Ratings downgrades the country’s debt, the impact could cut deep By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore AS the rout in the Malaysian ringgit unfolds, triggered by a blend of external and internal factors, there is one swiftly approaching timeline that is
    PHOTO: BLOOMBERG  -  1,036 words
  • Article, Illustration
    Lock icon EY poll finds S’pore firms’ ethical business practices wanting
    764 1  -  Policies are in place, but are not as effective as they ought to be, says survey of Asia-Pac employees By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore SINGAPORE companies are good at ticking the boxes on ethical business practices, but reality is
    Source: EY Survey  -  764 words
  • DAILY DIGEST
    • Article
      Lock icon The yen jumped
      24 1 from a 13-year low of 124.63 to the US dollar to 122.7 its highest level in two weeks. TOP STORIES 2
      24 words
    • Article
      Lock icon Spring Singapore
      41 1 is looking to appoint up to five accelerators to jointly nurture up to 40 startups and to invest up to S$4 million in each of these startups in the clean technology and advanced manufacturing and engineering sectors.TOP STORIES 4
      41 words
    • Article, Illustration
      Lock icon Australand
      29 1 has secured supply chain firm Ceva Logistics as a tenant for its 90,000 sqm new warehouse and office facility at its West Park Industrial Estate. COMPANIES MARKETS 5
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    • Article
      Lock icon Indonesia’s capital market regulator
      17 1 has published a five-year strategy for the Islamic finance industry. BANKING FINANCE 13
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    • Article
      Lock icon Glencore plc has bought
      32 1 more than one million tonnes of fuel oil in Singapore this month as prices tumble from a record premium in the world’s biggest bunker market. ENERGY COMMODITIES 14
      32 words
    • Article
      Lock icon Groupe SMCP
      26 1 is expanding its chain in Hong Kong amid confidence its brand of affordable luxury will attract shoppers despite the city’s slumping retail market. CONSUMER/16
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    • Article
      Lock icon Bank of America Merrill Lynch
      33 1 has flagged a rising proportion of foreign currency public debt issuance in Malaysia and Indonesia and warned of implications for financial stability and macroeconomic policy. GOVERNMENT ECONOMY 20
      33 words
    • Article
      Lock icon China’s finance ministry
      35 1 said it has approved a second batch of local government debt swaps worth one trillion yuan (S$216 billion), doubling the size of the existing swap programme announced in March. GOVERNMENT ECONOMY 21
      35 words
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      61 1 8 "*****1 *****4 BILLION ACQUISITION OUE c-Reit to buy majority stake in One Raffles Place for S$1b TOP STORIES 3 Jaeger-leCoultre Boutique 2 Orchard Turn, ION Orchard, #02-08, Singapore 2 Bayfront Ave,The Shoppes at Marina Bay Sands, #B2-240, Singapore Rendez-Vous Night Day watch Carmen Chaplin, Actor and Director 12 W
      61 words
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      Lock icon Page 1 Advertisements Column 2
      26 1 MORE COMPETITIVE Tenants’ market seen extending into 2016 as condo rents dip in May real estate 10 IATA SUMMIT New carry-on luggage size unveiled TRANSPORT 17
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      17 1 THINK TANKS Talent and knowledge are ‘key to success for countries today’: Tommy Koh GOVERNMENT ECONOMY 18
      17 words
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  • TOP STORIES
    • Article
      Lock icon Yen surges as analysts expect volatility in currency, share prices
      628 2  -  BOJ governor says the yen has become ‘very weak’; BOJ board member criticises monetary easing moves By Anthony Rowley btworld@sph.com.sg Tokyo IN a day of dramatic developments in Tokyo markets, the yen surged against the dollar on Wednesday after comments
      628 words
    • Article, Illustration
      Lock icon Shringgit
      224 2  -  The Malaysian ringgit, the second worst performing currency in Asia this year, slumped to a nine-year low this week. A weakening currency adds to the country’s growing woes BT Explains BY ANITA GABRIEL RINGGIT ROUT The currency has fallen 7% so far this year. Why? ILow oil prices to
      Source: Bloomberg (rates against USD as at June 9)  -  224 words
    • Article, Illustration
      Lock icon SLOWING EXPORTS
      31 2 IMalaysia’s exports dropped 8.8% in April from a year ago below Bloomberg’s median estimate of economists for a 5.5% contraction ITrade surplus shrank to RM6.89 billion from RM7.82 billion
      31 words
    • Article, Illustration
      Lock icon CONSUMER SENTIMENTS HIT
      25 2 Consumer sentiments Index plunged to 6-year low in Q1 2015 due to rising cost of living Source: Malaysian Institute of Economic Research
      Source: Malaysian Institute of Economic Research  -  25 words
    • Article
      Lock icon GDP GROWTH TO MODERATE
      27 2 Q1 2015 GDP y-o-y growth of 5.6% met expectations but economists expect fiscal drag from GST implementation to moderate growth in coming quarters
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    • Article
      Lock icon WHAT RATING AGENCIES SAY
      156 2 This is important as credit ratings gauge creditworthiness of Malaysia and has big impact on the country‘s borrowing costs. Standard Poor’s says it’s closely watching 1MDB saga’s impact on politics and public policies Moody says it may revisit outlook for Malaysia if government support for 1MDB
      156 words
    • Article, Illustration
      Lock icon OUE C-Reit to buy majority stake in One Raffles Place for S$1b
      680 3  -  Through an indirect acquisition, its resulting effective stake will be 61.16–67.95% By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore OUE Commercial Reit (OUE C–Reit) is acquiring a majority stake in mixed-use development One Raffles Place from its sponsor OUE Limited
      Source: OUE Commercial Reit  -  680 words
    • Article
      Lock icon Creditors press Greece for more concessions
      733 3 Brussels GREECE and its creditors moved closer to the brink on Wednesday with the leaders of Germany, France and the European Commission holding back planned meetings with Prime Minister Alexis Tsipras to press for more concessions from the Greek side. Athens said that it
      733 words
    • Article, Illustration
      Lock icon Wanted – accelerators to help cleantech startups
      530 4  - Wanted accelerators to help cleantech startups Spring S’pore is also looking for accelerators for startups in advanced manufacturing and engineering By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SPRING Singapore is looking to appoint up to five accelerators to jointly nurture up to 40 startups and to invest up to S$4 million
      530 words
    • Article, Illustration
      Lock icon HSBC aims to be the leading international bank in Singapore
      538 4  -  It identifies city-state as a key centre of growth in its renewed focus on Asean By Ong Hui Qun ohuiqun@sph.com.sg Singapore AS HSBC moves to reduce costs and reverse declining profits, it says Singapore will remain one of the group’s
      Source: HSBC  -  538 words
    • Article
      Lock icon Swiss chemicals firm Clariant launches consumer-care competence centre here
      398 4  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore SWISS specialty-chemicals company Clariant on Wednesday unveiled its new consumer-care competence centre in Singapore, in a bid to better align its products with customers in the Asia-Pacific region. With a total of five application
      398 words
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      Lock icon Page 2 Advertisements Column 1
      302 2 7THWEE CHOYAWSINGAPORE-CHINA FINANCEANDBANKINGFORUM,BEIJING China At The Financial Economic Crossroads: The Critical Next Steps Thursday, 18 June 2015 9.00am 2.00pm Treasury Ballroom, Level 2, The Westin Beijing Financial Street, Beijing The eyes of policymakers and economists are focused on China. As the Chinese leadership hails a period of slower growth, the
      302 words
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      85 3 GP GIRARD-PERREGACIX MECHANICS OF TIME SINCE 1791 a-* mm m V > y VINTAGE 1945 GIRARD-PERREGAUX *****-0062 CALIBER, SELF-WINDING MECHANICAL MOVEMENT HOUR, MINUTE, SMALL SECOND, LARGE DATE, MOON-PHASES INDICATOR 46-HOUR POWER RESERVE 36.10 X 35.25MM PINK GOLD CASE WITH SAPPHIRE CRYSTAL CASE-BACK ALLIGATOR STRAP WITH FOLDING BUCKLE THE HOUR GLASS
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  • COMPANIES & MARKETS
    • Article
      Lock icon Former financial controller of ST Marine to plead guilty in graft case
      530 5  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore A FORMER group financial controller of shipyard ST Marine the last of five former employees of the company to be hauled up in court in a corruption scandal that allegedly involved bribing
      530 words
    • Article
      Lock icon MSCI postpones including China A shares in index
      437 5 REUTERS Shanghai US index provider MSCI Inc said on Tuesday that it will hold off including China-listed shares in one of its key benchmark indexes but expects them to be incorporated once outstanding market accessibility issues are resolved. The news was seen
      REUTERS  -  437 words
    • Article, Illustration
      Lock icon Australand secures Ceva Logistics as tenant in Melbourne
      520 5  -  FCL unit achieves A$200m industrial space deals over six months By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore AUSTRALAND, now a wholly owned subsidiary of Frasers Centrepoint (FCL), on Wednesday said it has secured supply chain firm Ceva Logistics as a tenant for its
      520 words
    • Article, Illustration
      Lock icon Indonesian bonds an opportunity amid rout: BOAML
      626 6  -  Asian currencies could depreciate 5-9% in the next 12 months By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore AS investors pull out of emerging Asia, opportunities arise in assets like Indonesian 10-year government bonds, currently trading at more than a 600 basis point (6 percentage
      Source: Bloomberg  -  626 words
    • Article
      Lock icon Auric to acquire Petra’s S’pore distribution business
      260 6  -  By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT Singapore CHOCOLATE manufacturer and distributor Petra Foods Limited will divest its loss-making Singapore distribution business to Auric Pacific Group by the end of this month. The two parties agreed on Tuesday that Auric Pacific Marketing (APM), a
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    • Article, Illustration
      Lock icon China New Town shares dive
      505 6  -  HOT STOCK By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore SHARES of China New Town Development Company (CNTD) dived in heavy trading in Singapore and Hong Kong on Wednesday following news that a substantial shareholder is held under custody by the local authorities in China. The group
      Source: Bloomberg  -  505 words
    • Article, Illustration
      Lock icon SGX unveils LNG price index
      858 7  -  This is aimed at achieving greater transparency in physical spot trading of LNG in Asia By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore THE Singapore Exchange (SGX) has unveiled its price index for liquefied natural gas (LNG), in a move aimed at achieving greater transparency in
      Source: Singapore Exchange  -  858 words
    • CORPORATE DIGEST
      • Article
        Lock icon Singapore Airlines
        97 7 SINGAPORE Airlines will waive cancellation fees and admin fees for refund, rebooking or re-routing tickets to Seoul due to the Mers outbreak, it said. This applies to passengers holding confirmed tickets for flights arriving at or departing from Seoul’s Incheon International Airport and is valid for tickets issued
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      • Article
        Lock icon Raffles United Holdings
        68 7 RAFFLES United Holdings has entered into an agreement to pay S$7.98 million for a 51 per cent stake in Raffles Capital Enterprise, which owns seven two-storey shophouses along Lavender Street. The units have a freehold tenure and a total land area of 1,217.7 square metres. Raffles United’s
        68 words
      • Article
        Lock icon Starburst Holdings
        78 7 STARBURST Holdings said its wholly owned unit Starburst Engineering Pte Ltd has received letters of intent (LOI) with a total contract value of about S$16.1 million for firearm shooting range projects in the Middle East. Under the LOI, it will design, supply and install ballistic protection works for
        78 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times index June 10,2015 3,325.77 +30.64 (+0.93%) Current streak 1 day Day high 3,337.13 Day low 3,294.31 52-week high 3,539.95 (Apr 15, 2015) 52-week low 3,154.21 (Oct 16, 2014) FTSE ST Catalist index June 10,2015 675.75 +3.56 (+0.53%) Current streak 1 day Day high 679.65 Day low
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    • Article, Illustration
      Lock icon STI bounces on MSCI’s ‘A’ share decision
      676 8  -  Market ‘relieved’ S’pore’s weighting won’t be cut after MSCI says it won’t include the shares in EM index yet STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT AFTER falling 55 points in four consecutive sessions from Thursday last week to Tuesday this week, the Straits
      Source: Bloomberg  -  676 words
    • Article
      Lock icon STI STOCKS
      307 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 238 -1 245/238 271 219 6.1 6018.5 CapitaLand 341 +2 343/338 379 293 12.5 2.6 *****.8 CapitaMall Trust 210 +3 212/208 228 188.5 5.2 7286.4 CityDev 979 +5 981/976 1095 915 11.8
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    • Article
      Lock icon MOST ACTIVE
      37 8 VOLUME Loyz Energy 75,363,200 Noble 61,780,300 China New Town 48,129,200 Pacific Andes 44,319,400 IHC 38,264,900 Market volume 1,377,244,000 VALUE DBS Grp 125,250,536 Singtel 81,853,248 OCBC Bank 64,381,460 UOB 61,695,087 Keppel Corp 46,749,794 Market value 1,160,240,000
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    • Article
      Lock icon SGX ETFs
      110 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 339 +3 200 340/335 355/319 338/339 IS MS INDIA US$ US720 +6 95 720/709 1000/696 723/727 90 UETF SSE50China 328 -6 72 331/326 340/140 328/329 102.5 IS Asia BND US US1043 +3 53 1045/1038
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jun 10 VALUE CLOSE BT OB/OS -925.00 +111.00 BT CADI -*****.00 +65.00 BT 10-day MA -*****.00 -92.00 FTSE ST Mid Cap 761.73 +1.25 FTSE ST Small Cap 479.47 +1.09 FTSE ST All Share 798.66 +6.07 FTSE ST China Top 207.93 +0.42 FTSE ST China 246.52 +0.55 FTSE
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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 10,2015 798.66 +6.07 (+0.77%) Current streak 1 day Day high 800.91 Day low 792.72 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 9,2015 1,858.46 -5.23 (-0.28%) Current streak 4 days Day high 1,877.47 Day low 1,850.82 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 7 4 5 0 0 0 7 4 5 Manufacturing 49 44 33 9 9 10 58 53 43 Commerce 17 16 20 6 2 3 23 18 23 Tpt/Stor/Comms 18 14 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,055 17,055 74,350 74,350 Manufacturing 125,212 81,407 206,619 91,375 5,544 96,918 Commerce 110,301 100,381 210,682 107,964 10,563 118,527 Tpt/Stor/Comms 120,087 695 120,782 177,257 49 177,306 Finance 22,593 112 22,705 282,067 21 282,088 Construction 34,507 14,930
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    • Article
      Lock icon GAINERS
      75 8 BY CENTS CLOSE UP 52w high/low JMH USD 5864 147.6 1.9 6788/5653 Jardine C&C 3673 71.0 2.0 4770/3598 JSH USD 3148 53.7 1.3 3810/3094 DBS Grp 2093 51.0 2.5 2123/1672 GLD US$ ***** 48.3 0.3 *****/***** BY PERCENTAGE CLOSE UP 52w high/low DBS MB eCW*****1 13.6 51.1 4.6 18.8/7.4
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    • Article
      Lock icon LOSERS
      78 8 BY CENTS CLOSE DOWN 52w high/low DBXT MSEurope US$ 5960 -170.4 -2.1 6424/5366 DBXT China50 US$ 3843 -63.1 -1.2 4258/2800 DBXT MSCHINA US$ 1607 -37.6 -1.7 1750/1231 Lyxor Nasdaq US$ 1772 -37.6 -1.6 1816/1495 Lafe Corp 1 125 -29.0 -18.8 200/122 BY PERCENTAGE CLOSE DOWN 52w high/low AcmaLtd w*****7
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 8 VOL CLOSE($) CHANGE Edition 15,666.9 0.019 -0.004 -17.39 Cacola 817.0 0.015 +0.005 +50.00 TT Intl 11,165.1 0.073 +0.010 +15.87 Joyas Intl 37,341.9 0.024 -0.003 -11.11 China Minzhong 635.7 0.960 +0.065 +7.26 Sri Trang Agro 107.0 0.520 +0.020 +4.00 FuxingChina 1 0.36 0.280 -0.015 -5.09 ASL Marine 1,556.6 0.430
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    • BROKERS’ TAKE
      • Article
        Lock icon OCBC
        115 8 Buy June 10 close: S$10.06 Target price: S$12.80 DBS Group Research, June 10 We believe the market is still under-appreciating the OCBC-WHB’s (Wing Hang Bank) franchise in Greater China. With its enlarged presence there, OCBC’s growth prospects in wealth management, retail commercial banking and insurance are further enhanced. Active
        115 words
      • Article
        Lock icon Venture Corp
        166 8 Buy June 10 close: S$7.70 Target price: S$8.41 OCBC Investment Research, June 10 The World Semiconductor Trade Statistics expects the semiconductor market to maintain steady growth of 3.4 per cent in 2015 to US$347 billion, 3.4 per cent in 2016 to US$359 billion and 3.0 per cent in
        166 words
      • Article
        Lock icon Vard Holdings
        173 8  -  Compiled by Melissa Tan Sell June 10 close: S$0.59 Target price: S$0.47 rhb, June 10 Vard secured its first contract this year for a diving support and construction vessel for Singapore-based Kreuz Subsea, which we view as a high-quality customer. This vessel appears customised for shallow-water work. We
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    • Article
      Lock icon CALENDAR
      14 8 I 9.30 am China’s industrial production I 9.30 pm US initial jobless claims
      14 words
    • Article
      Lock icon Yen soars after BOJ head says currency ‘very weak’
      460 9 CURRENCIES London THE yen surged to a two-week high against the dollar on Wednesday, after the head of the Bank of Japan said the currency was unlikely to fall further because it was already “very weak”, prompting investors to trim huge
      460 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Jun 10 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.953 4.827 0.684 6.030 49.638 103.403 0.955 8.619 2.903 1.078 79.228 34.931 1.044 9.608 0.719 24.029 26.175 0.503 0.778 Canada 1.049 5.063
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      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 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 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0435 1.0450 0.7776 0.7781 Canadian dollar 1.0947 1.0959 0.8160 0.8157 Euro 1.5255 1.5270 1.1367 1.1370 NZ dollar 0.9681 0.9692 0.7214 0.7217 Sterling pound 2.0734 2.0755 1.5450 1.5454
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Jun 10 S$ Bid Offer 1-month 1.3425 1.3437 2-months 1.3434 1.3448 3-months 1.3443 1.3457 6-months 1.3462 1.3478 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        419 9 Jun 10 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.37 *****.37 *****.18 Jun15 *****.00 *****.50 *****.50 *****.00 *****9 *****9 Jul15 *****.00 *****.00 *****.50 *****.00 ***** ***** NIKKEI 225 INDEX FUTURES SPOT *****.36 *****.92 *****.32 Jun15 *****.00 *****.00 *****.00 *****.00 *****1 *****4 Sep15
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      • Article
        Lock icon BONDS. WARRANTS. PREFERENCE SHARES
        205 9 Jun 10 Expiry Most active 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 16.2 2.5 7415 0.1 2050 3 FTSEChinaA50 ***** MBePW*****9 15.1 0.6 6667 0.0
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 9 In local curr In S$ In US$ dy yr dy yr dy yr Jun 9 Index Change Change Change Change Change Change World Preliminary 1329.5 -0.2 4.2 -0.3 4.7 0.0 2.5 EAFE Preliminary 1072.0 -0.7 8.6 -0.7 6.9 -0.3 4.7 Europe Preliminary 1484.2 -0.4 7.4
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Jun 10 $S Offer Bid 0vernight 0.05 Par 1-month 0.6875 0.5625 2-months 0.75 0.625 3-months 0.8125 0.6875 Overnight mode: 0.08 US$ 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
        34 9 Jun 10 1 mth 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 0.***** 3 mths 0.***** 6 mths 0.***** Source:
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      • Article
        Lock icon GOVERNMENT SECURITIES
        63 9 Jun 10 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.29 102.35 102.33 5-Year N*****0H 1.625 01-Oct-19 98.67 10-Year NX*****Z 2.375 01-Jun-25 96.57 96.75 96.55 15-Year NY*****E 2.875 01-Jul-29 98.94 99.05 98.90 20-Year NZ*****V 3.375 01-Sep-33 103.88 103.90 103.80
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        248 9 Jun-9 Price Net change change Last Trade Agricultural Jun-9 CBOT Soybeans (US cents/bu) 951.50 7.25 0.77% 14/07/2015 CBOT Soybean Oil (US cents/lb) 33.93 -0.17 -0.50% 14/07/2015 CBOT Wheat (US cents/bu) 532.25 4.25 0.80% 14/07/2014 Jun-9 LIFFE Cocoa (£/tonne) 2097.00 -13.00 -0.62% 16/07/2015 LIFFE Coffee (US$/tonne) 1734.00 10.00 0.58%
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      Lock icon Page 5 Advertisements Column 1
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      494 6 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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  • Page 7 Advertisements
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      51 7 Leading Transformation ASIA PACIFIC C€0 CONGRESS 18-19 August 2015 Sands Expo Convention Centre, Singapore www.apcc.sphereconferences.com To receive your exclusive invitation to the event, please contact Jiahui at +65 6848 5378 or email tojiahui@sphereconferences.com Brought to you by: THE BUSINESS TIMES (((C Spt ]/2!S Platinum sponsors: Official automotive sponsor: birst RInet
      51 words
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      Lock icon Page 7 Advertisements Column 2
      170 7 l WPj r^, I MAJESTY 1 <- m \V^ ■'V^ -x V >■ "v AM' 'N> v A "ayy,Nf j v% .•a'-o?-' Mi. Mk ■V 1 1\ V t A v \W y A iiiiin mm r The IN/IR-I5-A Majestic Fit Japan with an appeal th^it,' transcends lime. A top
      170 words
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  • REAL ESTATE
    • Article
      Lock icon Tenants’ market seen extending into ’16 as condo rents dip in May
      548 10  -  Analysts say more project completions lead to higher competition for tenants; HDB rents stay flat: SRX By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore RENTALS for condominiums and private apartments dipped 0.6 per cent in May, leading analysts to affirm
      548 words
    • Article
      Lock icon Carlyle weighing US real estate expansion, says co-founder
      470 10 BLOOMBERG New York CARLYLE Group LP, the world’s sec-ond-biggest manager of alternatives to stocks and bonds, may add a real estate offering targeting about 10 per cent returns, co-founder David Rubenstein said. Carlyle is evaluating whether clients would be receptive to a
      BLOOMBERG  -  470 words
    • Article
      Lock icon Rise in Spain’s home prices lags increase in purchases due to glut
      297 10 BLOOMBERG Madrid SPANISH home prices failed to keep up with a surge in transactions as a lingering glut of empty homes weighs on the market. Values rose 1.5 per cent in the first quarter from a year earlier
      BLOOMBERG  -  297 words
    • Article
      Lock icon Four Singapore urban planning, development firms complete mergers
      425 10  -  By Cai Haoxiang, Teh Shi Ning haoxiang@sph.com.sg @HaoxiangCaiBT tshining@sph.com.sg @TehShiNingBT Singapore FOUR of Singapore’s key urban planning and development companies have completed their mergers, first announced last September. Two of them, business park developer Ascendas and urban investment and development company Singbridge
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      Lock icon London luxury home sales stall over record prices
      423 10 BLOOMBERG London THE UK luxury home market’s predicted rebound from a national election slump is failing to materialise in London as buyers push back against record prices. “For some vendors, the champagne has perhaps gone to their heads,” said Camilla Dell, managing
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      Lock icon New US Embassy in London is object of debate
      1294 11 Chancery faces criticism in British press but project’s design has its defenders among intelligentsia London ONE neighbour, a countess named Anca Vidaeff, staged a hunger strike to protest it. Another neighbour, the chairwoman of a local residents’ group, said it made
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      Lock icon US mortgage applications rise 8.4%: industry body
      161 11 REUTERS New York APPLICATIONS for US home mortgages rose last week, while interest rates hit their highest level since November 2014, an industry group said on Wednesday. The Mortgage Bankers Association (MBA) said its seasonally adjusted index of mortgage application activity, which includes
      REUTERS  -  161 words
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      Lock icon One man’s struggle with ‘green dream’ condo
      1128 12 In his self-published book, he details his problems with developing his US$1.6m property at 123 w 15th St NYT New York STANDING beside one of the two waterfalls that he had built into his duplex condominium on West 15th Street in Chelsea in
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      Lock icon Househunt
      1568 12 Property transactions for districts 1 to 20 with contract dates between April 29 and May 5,2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED Marina Bay Suites Apt 29/04/2015 99 2680 6500 2425 People's Park Cte Apt 04/05/2015
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      31 10 $1.50psf $350psf ONWARDS PAYA UBI INDUSTRIAL PARK LEASE SALE 200 to 7,500 sq ft Own parking space (not inclusive in listed area) Tel: 9090 2222 Office: 53 Ubi Avenue 1 #01-11
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      197 11 PRIME RESIDENTIAL SITE FOR SALE BY TENDER AMBER PARK (ESTATE IN FEE SIMPLE) SITE AREA *****.90 sq m (213,675.00 sq ft) MASTER PLAN 2014 RESIDENTIAL (plot ratio 2.80) NO DEVELOPMENT CHARGE DOUBLE FRONTAGE PANORAMIC SEA VIEWS EXCELLENT ACCESSIBILITY TENDER CLOSING DATE: 16 JULY 2015 2.30 PM (THURSDAY) FOR FURTHER INFORMATION
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      81 11 0 HKUST \Z\y BUSINESS SCHOOL NYU STERN Master of Science in Global Finance One-year executive-format master degree program for experienced professionals m M S OOOQ ’X:... Wo MSGF Finance Seminar for Succession Challenges Asian Family Business I Prof Kasper Nielsen SGF Academic Director, HKUST May 27. 2015 (Wed) 12:00 2:00
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  • BANKING & FINANCE
    • Article
      Lock icon Indonesia looks to new roadmap for Islamic finance boost
      425 13 Market regulator’s 5-year strategy charts agenda, from reducing product fees to developing training programmes REUTERS Jakarta INDONESIA’S capital market regulator has published a five-year strategy for the Islamic finance industry, its latest effort to shake the sector out of its niche
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    • Article
      Lock icon Strategy mistakes a key reason for HSBC’s Brazil exit
      692 13 REUTERS Sao Paulo BRAZIL simply proved too tough for “the World’s Local Bank”. Executives at HSBC Holdings plc’s Brazilian unit put relationships with corporate clients before profitability, kept branches overstaffed and failed to protect profits from a deteriorating economy, analysts and
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      Lock icon Pimco cuts US govt-related debt holdings
      296 13 REUTERS New York PIMCO slashed its holdings of US gov-ernment-related debt in its flagship Pimco Total Return Fund by almost two-thirds in May from the prior month, the firm reported on its website on Tuesday, as it braces for the Federal Reserve to hike
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      Lock icon Westpac splits retail and business banking division
      254 13 REUTERS Sydney WESTPAC Banking Corp, Australia’s No 2 lender by market value, said it is splitting its most profitable retail and business banking division in the first overhaul of the organisation since new chief executive Brian Hartzer took office. Westpac said on Wednesday
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      2148 13 The Business Times NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices VERSALINK HOLDINGS LIMITED Registration No. *****1394N [Incorporated in Singapore) vers?(ink Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of Versalink Holdings Limited will be held at 8 Wilkie Road #03-01 Wilkie Edge Singapore *****5
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  • ENERGY & COMMODITIES
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      Lock icon Glencore buys over 1m tonnes of fuel oil in Singapore as premiums slump
      512 14 Other buyers on the Platts window in June include PetroChina, which bought 666,000 tonnes of the fuel BLOOMBERG Singapore GLENCORE plc has bought more than one million tonnes of fuel oil in Singapore this month as prices
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      Lock icon El Nino dims Australia wheat harvest outlook
      536 14 BLOOMBERG Melbourne AUSTRALIA reduced its wheat production outlook as the El Nino weather event threatens to curb yields in the country’s east. The harvest may total 23.6 million tonnes in 2015-2016 from 24.4 million tonnes forecast in March, the Australian Bureau of Agricultural
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      Lock icon Venezuela demands Guyana halt ‘imperial’ oil exploration
      291 14 REUTERS Caracas VENEZUELA on Tuesday demanded that neighbouring Guyana halt oil exploration being carried out by Exxon Mobil Corp in disputed offshore territory in an escalation of a long-run-ning border dispute between the two South American nations. Exxon last month said it found
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      30 14 7 >L' f y rm ■4m WHt*. i m «r?f v <: R i. m. ->■ W4>’.& > aiO ■im i r k xiioo OBqoFz X^jodojdz siuoij pdjjdd jnoX o; XbavspS sqx ilJ9doxi-7|
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  • TECHNOLOGY
    • Article
      Lock icon Wall Street courts startups it once may have ignored
      1043 15 Ignoring the upstarts is seen as foolhardy in an era when many of the best young talents are going to Silicon Valley and not NYC NYT New York ON the first day of a hackathon at the Manhattan headquarters of Goldman
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      Lock icon US tech industry urges Obama to keep hands off encryption
      644 15 REUTERS Washington AS Washington weighs new cybersecurity steps amid a public backlash over mass surveillance, US tech companies warned President Barack Obama not to weaken increasingly sophisticated encryption systems designed to protect consumers’ privacy. In a strongly worded letter to
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    • Article
      Lock icon European cloud firms play up roots, privacy credentials
      677 15 NYT London JAMES Kinsella is an unlikely champion for European technology. The 55-year-old American is a former Microsoft executive who previously ran MSNBC.com, the news website. Yet, Mr Kinsella, who has spent the past 15 years in Europe, is now backing Europe’s
      NYT  -  677 words
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      1431 15 LION ASIAPAC LIMITED (Co. Reg. No. *****0586R) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Lion Asiapac Limited (the “Company”) will be held at Conference Room 2, TKP Conference Center Raffles Place, 55 Market Street #03-01, Singapore
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  • CONSUMER
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      Lock icon SMCP expanding in HK despite soft retail sector
      590 16 Fashion chain plans to open five new outlets there over the next year; it will also double its stores in Macau BLOOMBERG Hong Kong GROUPE SMCP, which sells fashion brands from Paris, is expanding its chain in Hong Kong amid confidence its
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      Lock icon N America packaged-food M&As hit 6-year high
      399 16 Campbell is the latest to use acquisitions to gain more up-to-date products and reinvigorate sales BLOOMBERG New York CAMPBELL Soup Co’s purchase of Garden Fresh Gourmet pushed the value of deals among North American pack-aged-food companies this year to US$66.3 billion, the most
      BLOOMBERG; PHOTO: BLOOMBERG  -  399 words
    • Article
      Lock icon Drug switch study bolsters case for using copies of biotech medicine
      375 16 REUTERS London NEW clinical data has bolstered the case for using cheaper copies of expensive biotech drugs by showing that patients with rheumatic diseases can be safely and effectively switched from original-brand medicine to a lower-cost version. While the
      REUTERS  -  375 words
    • Article
      Lock icon Nike settles with 3 designers it accused of stealing secrets
      312 16 REUTERS New York NIKE Inc has settled a lawsuit against three former shoe designers it had accused of stealing its commercial secrets and taking them to German rival Adidas AG with plans to open a footwear design studio in Brooklyn.
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    • Article
      Lock icon Target affirms dividend boost after statement is posted online by mistake
      309 16 BLOOMBERG New York TARGET Corp reiterated a 7.7 per cent increase in its dividend to 56 US cents in an official statement, after a similar announcement was posted on its website earlier by mistake. The retailer also reiterated a
      BLOOMBERG  -  309 words
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      11 16 ±fSSna #sg50smgalong 1 IOIN SCAN JOIN 0 www.sg50smgalong.sg *H!!50Rfilik3lkS*e. r., 0
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  • TRANSPORT
    • Article
      Lock icon PSA makes foray into China’s south-west
      407 17  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore PORT operator PSA International has ventured into China’s south-western region with a joint venture (JV) to run a new container terminal that can serve mega ships in Guangxi province, it said in a press release on Wednesday. Noting
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      Lock icon Tianjin port unit freezes iron ore stocks after finding illegal release from warehouse
      722 17 REUTERS Tianjin A SUBSIDIARY of China’s Tianjin port said some iron ore stored in a private warehouse had been illegally released by an undisclosed agent and trading firm. The move led Tianjin Port No 5 Stevedoring Co
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      Lock icon New standard size unveiled for carry-on luggage
      470 17 Move aims to give airlines and passengers assurance that compliant bags can board the plane IATA SUMMIT 2015 REUTERS Miami AIR travellers are all too familiar with carry-on bag anxiety: The feeling sparked by last-minute and sometimes seemingly arbitrary decisions that a piece
      REUTERS; PHOTO: REUTERS  -  470 words
    • Article
      Lock icon Rich, poor divide a factor in emissions scheme talks
      376 17 REUTERS Miami DIPLOMATS working to reduce carbon emissions from passenger planes globally may give some developing countries more leeway to meet new rules, a key official with the world’s main airline industry group said on Tuesday. Paul Steele, senior vice-president at
      REUTERS  -  376 words
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      Lock icon American Air, Qantas step up their alliance
      415 17 REUTERS Miami QANTAS Airways Ltd and American Airlines Group Inc are stepping up their alliance, announcing on Tuesday that the US carrier will operate a direct flight from Los Angeles to Sydney for the first time. Qantas will also resume flights from Sydney
      REUTERS; PHOTO: REUTERS  -  415 words
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  • GOVERNMENT & ECONOMY
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      Lock icon Talent and knowledge are ‘key to success for countries today’
      370 18  -  Prof Koh said this at event organised by local think tanks and international organisations By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore COUNTRIES that succeed and prosper in today’s new world are those that give high priority to talent and knowledge, said
      370 words
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      Lock icon Jokowi breaks tradition in picking new military chief
      409 18 Past practice rotated the position between branches of the armed forces REUTERS Jakarta INDONESIAN President Joko Widodo has picked the army chief of staff to lead the military, a presidential palace spokesman said on Wednesday, breaking with a reform-era tradition of rotating
      REUTERS; PHOTO: AFP  -  409 words
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      Lock icon Rousseff seeks 198.4b reais in infrastructure investment
      605 18 REUTERS Brasilia PRESIDENT Dilma Rousseff unveiled a plan on Tuesday to draw 198.4 billion reais (S$86.3 billion) in private investment to build, upgrade and operate Brazilian roads, railways, airports and harbour terminals. The infrastructure plan could help restore growth to Brazil’s faltering economy
      REUTERS; PHOTO: BLOOMBERG  -  605 words
    • Article
      Lock icon Thailand holds key rate, sees gradual gains for economy
      355 18 REUTERS Bangkok THAILAND’S central bank on Wednesday left its benchmark interest rate steady after two surprise cuts, saying that the economy is “projected to improve gradually”. In the first case of unanimity since September, the Monetary Policy Committee (MPC) voted 7-0
      REUTERS  -  355 words
    • Article
      Lock icon State Bank of India chief urges more action on default policy
      372 18 BLOOMBERG Mumbai INDIA’S central bank this week rewrote rules to help lenders recover loans from defaulting companies yet the chairman of the nation’s biggest lender wants more. While commending the Reserve Bank of India’s (RBI) so-called strategic debt restructuring
      BLOOMBERG  -  372 words
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      Lock icon PM Modi goes private to woo investment in infrastructure
      690 19 Govt to invest 200b rupees to set up the National Investment and Infrastructure Corp BLOOMBERG New Delhi MASSIVE opportunities, even bigger obstacles. That sums up private participation in Indian infrastructure, with investment plunging 84 per cent in the first half of
      BLOOMBERG  -  690 words
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      Lock icon Japan firms start boosting capex at home
      617 19 BLOOMBERG Tokyo PRESSURED by Prime Minister Shinzo Abe to share some of their record profits, and by increasingly obsolescent equipment, Japan’s companies are starting to boost their investment spending. Policymakers have unleashed a public campaign to encourage the rebound, a new focus for
      BLOOMBERG; PHOTO: BLOOMBERG  -  617 words
    • Article
      Lock icon Japan’s April core machinery orders up
      354 19 Rise signals companies are more optimistic about capital spending REUTERS Tokyo JAPAN’S core machinery orders unexpectedly rose in April at the fastest pace in four months, in a sign companies are turning more optimistic about business investment as domestic demand strengthens. The 3.8 per
      REUTERS  -  354 words
    • Article
      Lock icon BOAML highlights potential for currency mismatches
      614 20  -  Bank flags rising proportion of foreign-currency public debt issuance in Malaysia and Indonesia By Pauline Ng btworld@sph.com.sg Kuala Lumpur BANK of America Merrill Lynch (BOAML) has flagged a rising proportion of foreign-currency public debt issuance in Malaysia and Indonesia and warned of implications for
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    • Article
      Lock icon A US$3.7 trillion traffic jam looming in credit
      925 20 BLOOMBERG New York FOR all the concern that Wall Street’s shrinking balance sheets will fuel a liquidity crisis when investors flee credit markets, Citigroup Inc strategist Stephen Antczak says investors may be overlooking an even bigger catalyst. The size of the US
      BLOOMBERG  -  925 words
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      Lock icon S Korea’s duty free shop sales take a hit from Mers
      722 20 BLOOMBERG Seoul LOTTE Duty Free, South Korea’s largest operator of duty-free shops, expects revenue to decline this month as the spread of Middle East respiratory syndrome (Mers) damps visitor arrivals in the country. Sales may have declined about 10
      BLOOMBERG; PHOTO: BLOOMBERG  -  722 words
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      Lock icon ISIS’s funding sources: mafia-like taxes, drug cartel-like extortions
      919 20 Terror group also plunders resources and antiquities, seizes property and land BLOOMBERG Washington IN the last year, a once-obscure extremist group has overrun some of Iraq’s major cities, seized control of oil wells, industries and banks, and emerged as the world’s richest
      BLOOMBERG; PHOTO: REUTERS  -  919 words
    • Article
      Lock icon Beijing okays second batch of debt swaps, doubling size to 2 trillion yuan
      634 21 It’s trying to rationalise local government spending without damaging growth and investment too much REUTERS Shanghai CHINA’S finance ministry said on Wednesday it has approved a second batch of local government debt swaps worth one trillion yuan
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      Lock icon Bidding for 2026 World Cup to be postponed: Fifa official
      532 21 Decision on who hosts the finals had been due to be made in 2017 REUTERS Samara, Russia FIFA will postpone the start of bidding for the right to host the 2026 World Cup following the launch of a corruption investigation,
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    • Article
      Lock icon China’s economy forecast to pick up in H2 2015
      305 21 REUTERS Beijing ECONOMISTS at China’s central bank have sharply lowered their 2015 inflation forecast even as they predicted that stabilising Chinese home prices and firmer foreign demand will drive a pick-up in the world’s second-big-gest economy in the next six months.
      REUTERS  -  305 words
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      100 18 JUNE ISSUE OUT NOW! HWM+HWZ.COM TECH AWARDS READERS’ CHOICE S I N G A P O RE THE POWER TO DECIDE JUNE 2015 S$6.90 WWW.HARDWAREMAG.COM T E S T CASIO OCW-G1000 Luxury timepiece for geeks L EA R N ASUS ROG G20AJ Gaming desktops can be sexy GEARING UP FOR
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      286 18 Picking Winners Avoiding Losers and AS INTEREST RATES RISES Interest rates rises have historically caused volatility in capital, investment and asset markets. How will equities, bonds, commodities and currencies react to this upcoming interest rate rise? Will HK H shares and China A shares continue to soar? How will higher
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      1497 19 The Business Times NOTICES SCnergy 3CNERGY LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****0314D) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of SCnergy Limited (the “Company") will be held at 3 Lorong 6 Toa Payoh #01-01 HSR Building, Singapore *****8
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      132 21 The Premier Platform for Gifts Sourcing IVSGPFair Singapore Gifts Premiums Fair 2015 29-31 JULY 2015 Marina Bay Sands, Singapore Sands Expo and Convention Center Level 1, Hall B&C CORPORATE GIFTS PREMIUMS ETC. A 3) I To Exhibit: SGPFair@bizlink.com.sg Tel: (65) 6848 5939 www.SGPFair.com *Free admission, register now! www.SGPFair.com/reg/2 Organised By:
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      515 21 THE PORTFOLIOS OF SINGAPORE’S TOP INTERIOR DESIGN FIRMS, AT YOUR FINGERTIPS! 11FREE! DESIGNER SHOWCASE WITH HOME DECOR’S JUNE ISSUE COLLECTIVE DESIGNS HOME Clusterhouseoff Dunearn Road SIZE 2,186sqf DESIGNERS SelinaTay Principal designer and director (centre) MaribelDeLaCruz Senior interior designer (right) LEFTA Chineseinspired lattice lendsfemininecharmwhile allowing for crossventilation andlight.OPPOSITE Collective Designs’ owncarpentry
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  • OPINION
    • Article
      Lock icon Defusing Greek crisis would require creditors to change mindset
      611 22 EDITORIAL THE eurozone’s long-running Greek crisis now in its sixth year is approaching its moment of truth. At the end of June, the European Union’s (EU) bailout programme expires and Greece faces a set of repayments to the International Monetary Fund
      611 words
    • Article
      Lock icon Using technology to redefine education for employment
      908 22  -  THE BOTTOM LINE By Thomas Friedman NYT HERE’S an interesting statistic from a 2014 labour survey by burning-glass.com: 65 per cent of new job postings for executive secretaries and executive assistants now call for a bachelor’s degree, but “only 19 per cent of
      NYT  -  908 words
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      Lock icon A global-governance challenge for China
      1338 22  -  AIIB members have an opportunity to establish new standards and shape infrastructure investment as insiders in setting up a new global lending institution. BY STEPHEN S ROACH BY STEPHEN S ROACH T The writer is a faculty member at Yale university, a former chairman of
      PHOTO: REUTERS  -  1,338 words
    • Article
      Lock icon Poorly performing family firms more likely to improve governance
      852 23  -  COMMENTARY By Marleen Dieleman T The writer is associate professor and associate director of NUS Business School’s Centre for Governance, institutions and Organisations. The views here do not necessarily reflect the governance practices of particular family companies. The full research paper
      852 words
    • Article
      Lock icon MNCs’ days of tax avoidance are all but over
      610 23  -  COMMENTARY By Justin Fox BLOOMBERG VIEW THAT was fun while it lasted! The great multinational experiment led by American innovators such as Apple, Amazon, Starbucks and Google in shifting corporate income to a magical stateless place where it was never taxed
      BLOOMBERG VIEW  -  610 words
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      Lock icon The return of a frostier Cold War
      1099 23  -  Despite the effort by Obama and Putin to maintain diplomatic normalcy, US and Russia are demonstrating a new assertiveness. BY HARISH MEHTA BY HARISH MEHTA T The writer, a former BT senior correspondent, is a historian who has taught at Canadian universities. This
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    975 24 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10
    975 words
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      212 24 USE THIS SPACE TO SELL CALL JOE WONG AT *****327 TO ADVERTISE THE BUSINESS TIMES Shipping times Experienced $h/p maintenance services wanted. Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 Announce Your Corporate Development Come publicise your
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Disputed painting is declared a Rembrandt
      731 25 Mauritshuis Royal Picture Gallery reclaims Saul and David as an authentic work of the master NYT The Hague, Netherlands THE painting was sliced down the middle in the 19th century, probably to be sold as two Rembrandt portraits. At some point in the next
      NYT; PHOTO: AFP  -  731 words
    • Article
      Lock icon Rare WWI patriotic posters up for auction
      420 25 REUTERS New York A COLLECTION of about 2,000 posters from the World War I era, considered to be one of the world’s finest and amassed over more than a decade by a US Army officer, will be sold at auction later this month,
      REUTERS  -  420 words
    • Article, Illustration
      Lock icon Ireland to tackle strict abortion laws following gay marriage vote triumph
      775 25 REUTERS Dublin WHEN Gerry and Gay Edwards watched the joy sparked by Ireland’s vote to allow gay marriage last month, they did not see the same country that had forced them abroad to end a doomed pregnancy 14 years
      REUTERS; PHOTO: AFP  -  775 words
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  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      305 25 CRYPTIC CROSSWORD Across 1 Set record first for a medical specialist! (11) 9 Fail in competition and refuse to talk (5,2) 10 Popular guy touring North, away from the sea (6) 12 Result revealed company limits of malaise (7) 13 Proceed at once from Indian state capital (2,5) 14 Unadulterated
      305 words
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      110 26 K. w. J M 40 r MITSUBISHI ELECTRIC Changes for the Better Air-Conditioner dm* I t A MITSUBISHI ELECTRIC INV£RI£R i V Energy Savings Easiest To Clean! teachable Inner Vent for Easy Clean UIETES A f w r *E&ir r K T >■ i *J.a .<M% V* A t K5^F?
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