The Business Times, 18 June 2015

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Microfilm: NL33513
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 Thursday, June 18,2015
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  • DAILY DIGEST
    • Article
      Lock icon Non-oil domestic exports
      25 1 in May appeared to be more in line with its growth trend in recent years, dipping 0.2 per cent. TOP STORIES 2
      25 words
    • Article
      Lock icon The Greek central bank
      29 1 has warned the country could crash out of the eurozone and even the EU if it fails to reach a bailout deal. TOP STORIES 2
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    • Article
      Lock icon Finance and credit
      26 1 are essential for growth, but too much of it can actually reduce growth and add to income inequalities, says OECD. TOP STORIES 4
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    • Article
      Lock icon Customer satisfaction
      21 1 for the retail and infocomm sectors in Singapore edged up in the first quarter of 2015. top stories 5
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    • Article, Illustration
      Lock icon SingPost has acquired
      20 1 a 30 per cent stake in Australian e-commerce firm Hubbed Holdings for A$4.3 million. COMPANIES MARKETS 7
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    • Article
      Lock icon Frasers Hospitality
      23 1 has entered the upscale boutique hotel segment with its acquisition of Malmaison Hotel du Vin for £363.4 million. COMPANIES MARKETS 10
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    • Article
      Lock icon Would-be sellers of homes
      24 1 in Shenzhen are tearing up signed sales contracts in anticipation that prices there will continue to Surge. REAL ESTATE 12
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    • Article
      Lock icon China’s Cabinet
      23 1 has allowed Bank of Communications to introduce more private shareholding as part of reforms to revitalise state-owned banks. BANKING FINANCE 15
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    • Article
      Lock icon The European Commission
      26 1 unveiled a new push to make companies pay their “fair share” of taxes by aligning tax rules across the bloc. GOVT ECONOMY 19
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    • Article
      Lock icon Having watched economic reform
      23 1 momentum falter, Indonesian President Joko widodo is resurrecting his biggest policy success by cutting more subsidies. GOVT ECONOMY 20
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    • Article
      Lock icon Japan’s export
      21 1 growth slowed for a second straight month in May, with weak external demand threatening to erode growth.GOVT ECONOMY 21
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  • Article
    Lock icon SG50 bonus of S$500 for all civil servants in July
    636 1  -  The one-off payment comes on top of their mid-year bonus of half their monthly salary By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore ALL 82,000 civil servants in Singapore will receive a S$500 bonus in July in conjunction with the country’s golden
    636 words
  • Article
    Lock icon Outlook still tepid for Singapore growth
    929 1  -  Uncertainty persists over US and China growth and global monetary policy moves By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT THE Singapore economy may have performed better than expected in Q1, but a rocky start to the second quarter and uncertainty over the US and China’s
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  • Article
    Lock icon MARKETS
    28 1 Wednesday Change STI 3,325.91 +27.82 KL COMP 1,726.86 +4.62 NIKKEI 225 20,219.27 -38.67 HANG SENG 26,753.79 +187.09 SHENZHEN B 1,568.42 +16.95 DOW (11:45 am EDT) 17,908.77 +4.29
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      55 1 8 "*****1 *****4 COE Small and big car premiums fall TOP STORIES 5 GLOBAL ROADSHOW DBS to test demand for Singapore’s first covered bonds NOBLE SAGA Public battle with critics rages on; CEO Yusuf Alireza issues an open letter COMPANIES MARKETS 6 TOP STORIES 2 CITIBANK Malaysia CEO sanguine about
      55 words
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      39 1 NEW MISADVENTURES IN INDEPENDENT DIRECTORS’ INDEPENDENCE There’s a need to allow non-controlling shareholders more say in the nomination and election of directors and the determination of their independence. OPINION 25 COPYRIGHT: MAK YUEN TEEN. USED WITH PERMISSION BY BT
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  • TOP STORIES
    • Article
      Lock icon DBS to test demand in Singapore’s first covered bond programme
      667 2  -  The US$10b bonds, to be issued in euros or greenback, will be sold to investors in Asia, Europe and America By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore FROM June 22, DBS will begin its global roadshow to sell its US$10 billion
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    • Article, Illustration
      Lock icon Non-oil domestic exports down 0.2% – worse than expected
      574 2  - Non-oil domestic exports down 0.2% worse than expected Except for exports to the US, South Korea, Thailand and HK, shipments to all major markets decline By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore NON-OIL domestic export (NODX) performance in May appeared to be more in line with its growth trend in
      Source: I.E. Singapore  -  574 words
    • Article, Illustration
      Lock icon Greece may exit eurozone, and even EU, without bailout deal, warns central bank
      577 2 AFP BLOOMBERG Athens THE Greek central bank warned on Wednesday that the country could crash out of the eurozone and even the European Union if it fails to reach a bailout deal with international creditors. In one
      AFP; BLOOMBERG; PHOTO: REUTERS  -  577 words
    • Article
      Lock icon US Fed interest rate hikes may flummox newbies and old hands alike
      674 2  -  &9I REUTERS BREAKINGVIEWS By Swaha Pattanaik London TRADERS often burn out, or cash out, while they are still relatively young. Consequently, not many of today’s workers were on the scene in 2006, when the US Federal Reserve last
      674 words
    • Article
      Lock icon OECD warns of finance downside on growth
      719 4  -  Report says that over-rapid expansion in credit can make economies more crisis-prone By Anthony Rowley btworld@sph.com.sg Tokyo FINANCE and credit are essential for economic growth, but too much of it provided through the wrong channels can actually reduce growth and add to income
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    • Article, Illustration
      Lock icon Citibank Malaysia chief executive sanguine about macrolandscape challenges
      954 4  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore GOING by the track record of Citibank Malaysia’s past chief executive officers, one of two things could await Singa-pore-born Lee Lung Nien, the flamboyant chief executive of the American bank’s Malaysian unit. Mr Lee, or Lung
      PHOTO: SHAWN TEO  -  954 words
    • Article
      Lock icon Singapore consumers more satisfied with retail, infocomm sectors
      517 5  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore CUSTOMER satisfaction for the retail and infocomm sectors in Singapore edged up in the first quarter of 2015, results from the Customer Satisfaction Index of Singapore (CSISG) unveiled on Wednesday showed. The score for retail rose
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    • Article
      Lock icon Water plants aim to be self-sufficient in energy
      383 5  -  By Nikita Mathur mathurn@sph.com.sg Singapore FOR years, Singapore’s water-reclama-tion plants have treated used water to get biogas, which is then used to generate electricity. Soon, food waste will also be put through this process to generate power, with the aim of making
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    • Article
      Lock icon Small and big car COE premiums fall
      417 5  -  Some dealers are taken aback by the quantum of the drop Cat A premiums are down S$5,000, and Cat B, by S$3,491 By Samuel Ee samuelee@sph.com.sg Singapore PREMIUMS for small and big car certificates of entitlement (COEs) slumped the most in Wednesday’s bidding
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    • Article, Illustration
      Lock icon Top banker Nazir Razak denies plans to set up political party
      835 5  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore MALAYSIA’S top banker Nazir Razak has countered a buzz of excitement fanned by a recent online report that he was setting up and backing a new “non-partisan political party” in the country. “This
      BLOOMBERG FILE PHOTO  -  835 words
    • Article
      Lock icon US rival acquires software startup JustCommodity
      328 5  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore HOMEGROWN commodity management software startup JustCommodity on Wednesday announced that it has been acquired by Texas-based rival Allegro Development Corporation. The acquisition is for a sum of over US$20 million, BT has learnt. JustCommodity provides a commodity trading
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  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      32 2 3If you're looking to buy or rent an HDB apartment, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988. Print Classified Need a room flat
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      28 4 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
      28 words
    • Advertisement
      Lock icon Page 4 Advertisements Column 2
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      175 5 T Analyse historical COE data with the Business Times' interactive tool at http://btd.sg/coetracker Unmask deeper global business truths by going beyond the facades of understanding 33 years of partnership between East and West STANFORD–NUS EXECUTIVE PROGRAMME IN INTERNATIONAL MANAGEMENT 15 29 Aug 2015 Immerse in the vibrant cultures of two
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Noble CEO issues open letter to refute claims
      1106 6  -  He explains need for cash-flow model in Yancoal valuation but critics call for more info By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore THE long-running battle between beleaguered commodities trader Noble Group and its toughest critics has entered into its fifth month, with
      FILE PHOTOS; Source: Markit  -  1,106 words
    • Article
      Lock icon Logistics Holdings secures S$13.8m contract from JTC
      230 6  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore LOGISTICS Holdings has secured a S$ 13.8 million contract from JTC Corporation through its whol-ly-owned subsidiary, Logistics Construction. The contract involves addition and alteration works to six existing conserved buildings and infrastructure works at Park Lane, The
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    • Article, Illustration
      Lock icon SingPost acquires 30% stake in e-commerce firm Hubbed
      360 7  -  Australian service aggregator has network of 680 newsagents to provide parcel service delivery By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SINGAPORE Post (SingPost) has acquired a 30 per cent stake in Australian e-commerce firm Hubbed Holdings for about A$4.3 million (S$4.45 million). The
      PHOTO: SINGPOST  -  360 words
    • Article
      Lock icon 2G network closure offers opportunities for S’pore telcos: BMI
      323 7  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SINGAPORE’S telcos will see service monetisation opportunities arising from the planned closure of the country's 2G networks, said a BMI Research report released on Wednesday. This is because the spectrum currently utilised for 2G mobile
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    • Article
      Lock icon China New Town and partners setting up 10 billion yuan fund
      409 7  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore CHINA New Town Development Company through wholly owned subsidiary CDB New Town (Beijing) Asset Management Co Ltd is partnering Bank of Communications Schroder Fund Management and China Development Bank Capital Corp (CDBC) to
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    • Article
      Lock icon UOB sets up new renminbi solutions unit
      282 7  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore UOB has set up a new unit to help companies manage their cross-border business in yuan, as it seeks to tap on the currency’s ongoing internationalisation amid weakening overall demand for trade finance. Its “renminbi solutions” team
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    • Article
      Lock icon UE uncovers irregular transactions relating to subsidiaries
      351 7  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore PROPERTY and technology group United Engineers (UE) on Wednesday said it has found a series of irregular transactions in relation to its subsidiaries. These transactions appear to have taken place between 2010 and 2015 and the
      351 words
    • Article
      Lock icon AirAsia shares slide on investor concerns
      213 7 REUTERS Kuala Lumpur AIRASIA Bhd’s shares skidded as much as 13 per cent on Wednesday as investors spooked by a report questioning the Malaysian budget carrier’s accounting remained unconvinced by chief executive Tony Fernandes’ confidence that his firm can raise cash readily and has
      REUTERS  -  213 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times Index June 17,2015 3,325.91 +27.82 (+0.84%) Current streak 1 day Day high 3,346.02 Day low 3,311.80 52-week high 3,539.95 (Apr 15, 2015) 52-week low 3,154.21 (Oct 16, 2014) FTSE ST Catalist index June 17,2015 673.85 +3.74 (+0.56%) Current streak 1 day Day high 677.58 Day low
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    • Article, Illustration
      Lock icon STI breaks slide ahead of Fed report
      572 8  -  Market anticipates Janet Yellen to adopt a “dovish slant”; banks up with gains of between 0.8% and 1.4% STOCKS By Kenneth Lim kenlim@sph.com.sg @KennethLimBT SINGAPORE stocks ended their two-day slide on Wednesday for a slight gain ahead of the US Federal Reserve’s overnight
      Source: Bloomberg  -  572 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 243 -4 249/241 271 219 6 6148.8 CapitaLand 332 -1 337/332 379 293 12.2 2.7 *****.1 CapitaMall Trust 209 -5 216/208 228 188.5 5.2 7251.7 CityDev 965 +6 972/963 1095 915 11.6
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    • Article
      Lock icon MOST ACTIVE
      42 8 VOLUME OUE Com Reit 140,986,400 Noble 73,488,800 EMS Energy 44,050,000 Genting Sing 39,128,000 Mapletree Ind Tr 37,012,300 Market volume 1,580,883,000 VALUE OUE Com Reit 117,003,009 Singtel 112,585,837 DBS Grp 67,970,409 CapitaMall Trust 60,314,348 Mapletree Ind Tr 57,940,980 Market value 1,280,871,000
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    • Article
      Lock icon SGX ETFs
      107 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 337 +1 620 340/337 355/319 336/337 IS MS INDIA US$ US721 +11 87 722/714 1000/696 721/723 90.1 Lyxor Cmdty US207 84 207/207 294/196 205/207 20.7 DBXT MSAsExJp US$ US3692 +17 65 3692/3671 4064/3261 3661/-8.5
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jun 17 VALUE CLOSE BT OB/OS -603.00 +169.00 BT CADI -*****.00 +134.00 BT 10-day MA -*****.00 -61.00 FTSE ST Mid Cap 764.62 +4.17 FTSE ST Small Cap 479.48 +3.60 FTSE ST All Share 799.17 +6.28 FTSE ST China Top 207.49 +1.00 FTSE ST China 246.72 +2.23 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 17,2015 799.17 +6.28 (+0.79%) Current streak 1 day Day high 802.57 Day low 795.91 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 16,2015 1,870.17 +2.23 (+0.12%) Current streak 1 day Day high 1,872.81 Day low 1,854.94 52-week high 1,995.49 (July 3, 2014) 52-week low 1,697.01 (Jan 7, 2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 4 6 0 0 0 5 4 6 Manufacturing 55 26 35 10 9 8 65 35 43 Commerce 20 13 23 4 4 3 24 17 26 Tpt/Stor/Comms 24 5 9
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 11,961 11,961 43,181 43,181 Manufacturing 124,655 57,757 182,412 80,592 7,021 87,613 Commerce 123,591 70,654 194,245 97,679 3,428 101,107 Tpt/Stor/Comms 152,826 730 153,556 240,285 52 240,337 Finance 24,623 260 24,883 182,724 48 182,772 Construction 19,097 7,190
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    • Article
      Lock icon GAINERS
      75 8 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 231.5 0.8 *****/***** DBXT Nifty US$ ***** 199.2 1.2 *****/***** JMH USD 5612 150.7 2.0 6788/5410 Jardine C&C 3679 76.0 2.1 4770/3598 DBXT China50 US$ 3796 49.8 1.0 4258/2800 BY PERCENTAGE CLOSE UP 52w high/low InterraResW*****8 2 1900.0 1.9
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    • Article
      Lock icon LOSERS
      77 8 BY CENTS CLOSE DOWN 52w high/low DBXT MSUSA US$ 5348 -71.3 -1.0 5573/4684 GLD US$ ***** -41.7 -0.3 *****/***** DBXT CSI300 US$ 1360 -24.2 -1.3 1471/626 Chia Fibretech 151 -10.0 -6.2 270/134.5 DBS Bk 4.7% NCPS ***** -9.0 -0.1 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low S i2i 0.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      72 8 VOL CLOSE($) CHANGE LifeBrandz 15,443.3 0.005 Brooke Asia 54.8 0.170 -0.030 -15.00 Acma Ltd 1 0.02 0.510 +0.010 +2.00 Green Build 10.0 0.400 +0.050 +14.29 UG Healthcare 500.0 0.270 -0.005 -1.82 Mercurius 2.6 0.016 Fuxing China 38.1 0.340 +0.060 +21.43 FJ Benjamin 0.129 Ryobi Kiso 0.105 Thakral Corp
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    • BROKERS’ TAKE
      • Article
        Lock icon SIA
        164 8 Buy June 17 close: S$10.56 Target price: S$12.80 DBS Group Research, June 17 SIA has underperformed (-12 per cent) the STI (-5 per cent) over the last eight weeks, due to concerns over the impact of Mers, which are overblown, in our view. We maintain our “buy” call on
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      • Article
        Lock icon Super Group
        141 8 Buy June 17 close: S$1.125 Target price: S$1.57 May bank Kim Eng, June 17 Super’s recovery this year is shaping up as we expected. Q1 was weak; we expect the same for Q2 due to currency and growth challenges in Malaysia and Myanmar. The two countries account for
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      • Article
        Lock icon Golden Agri-Resources
        242 8  -  Compiled by Melissa Tan Sell June 17 close: S$0.40 Target price: S$0.35 OCBC Investment Research, June 17 According to a Reuters report, the recent rally in CPO (crude palm oil) prices to a three-month high could be running out of steam and has stubbornly stayed below this year’s
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    • Article
      Lock icon CALENDAR
      9 8 DATA I9.30pm (18 June) US Initial Jobless Claims
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    • Article
      Lock icon US$ up on prospect of September rate rise
      452 9 CURRENCIES REUTERS London THE US dollar rose against the yen and Antipodean currencies on Wednesday, as investors awaited a Federal Reserve statement that could bolster bets that interest rates will rise for the first time in almost a decade in September. The
      REUTERS  -  452 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Jun 17 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.949 4.782 0.683 5.970 49.387 102.925 0.952 8.609 2.888 1.108 78.356 34.775 1.036 9.574 0.713 23.805 25.958 0.492 0.770 Canada 1.053 5.037
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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 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0359 1.0367 0.7698 0.7703 Canadian dollar 1.0916 1.0917 0.8112 0.8112 Euro 1.5170 1.5173 1.1273 1.1274 NZ dollar 0.9351 0.9359 0.6949 0.6954 Sterling pound 2.1045 2.1054 1.5639 1.5644
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Jun 17 S$ Bid Offer 1-month 1.3462 1.3463 2-months 1.3467 1.3469 3-months 1.3477 1.3482 6-months 1.3488 1.3491 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        209 9 Jun 17 Most active Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left WE Holdings Ltd W*****5 0.3 0.1 7233 1 0 2 FTSEChinaA50 ***** MBeCW*****0 7.2 0.4 5854 0.0 1 DBS MB eCW*****5 15.4 2.3 3861 0.1 2050 3
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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 16 Index Change Change Change Change Change Change World Preliminary 1332.3 0.2 4.4 0.0 4.5 0.2 3.0 EAFE Preliminary 1071.6 0.0 8.6 -0.1 6.9 0.1 5.4 Europe Preliminary 1479.6 0.3 7.1
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        395 9 Jun 17 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.18 *****.73 *****.39 Jun15 *****.00 *****.00 *****.50 *****.00 *****1 *****8 Jul15 *****.00 *****.50 *****.00 *****.00 ***** ***** NIKKEI 225 INDEX FUTURES SPOT *****.10 *****.08 *****.57 Sep15 *****.00 *****.00 *****.00 *****.00 ***** *****8 Dec15
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Jun 17 $S Offer Bid 0vernight 0.08 0.05 1-month 0.6875 0.5625 2-months 0.75 0.625 3-months 0.8125 0.6875 Overnight mode: 0.05 US$ 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 17 1 mth 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 0.***** 3 mths 0.***** 6 mths 0.***** Source: Thomson Reuters
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      • Article
        Lock icon GOVERNMENT SECURITIES
        69 9 Jun 17 Jun 17 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.41 5-Year N*****0H 1.625 01-Oct-19 99.29 99.55 99.40 10-Year NX*****Z 2.375 01-Jun-25 98.26 98.52 98.35 15-Year NY*****E 2.875 01-Jul-29 100.84 101.20 100.90 20-Year NZ*****V 3.375 01-Sep-33 106.27
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Jun-16 Price Net change change Last Trade Agricultural Jun-16 CBOT Soybeans (US cents/bu) 957.50 19.75 2.11% 14/07/2015 CBOT Soybean Oil (US cents/lb) 32.90 0.21 0.64% 14/07/2015 CBOT Wheat (US cents/bu) 488.75 -0.50 -0.10% 14/07/2014 Jun-16 LIFFE Cocoa (£/tonne) 2147.00 10.00 0.47% 16/07/2015 LIFFE Coffee (US$/tonne) 1793.00 38.00 2.17%
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    • Article, Illustration
      Lock icon Emerging market investors favour Asian bonds
      647 10  -  Higher quality and still-attractive yield cited; some look to buying more in major corrections By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore ASIAN bonds, due to their higher quality and still-attractive yield, remain favoured by emerging market investors amid financial market volatility, data show. Some investors
      Source: Markit  -  647 words
    • Article
      Lock icon Frasers Hospitality in £363m hotel acquisition
      667 10  -  Hotel group MHDV owns two upscale boutique lifestyle brands By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore FRASERS Hospitality, the hospitality arm of Frasers Centrepoint Limited (FCL), has entered the upscale boutique hotel segment with its latest acquisition of Malmaison Hotel du Vin (MHDV) for £363.4
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    • CORPORATE DIGEST
      • Article
        Lock icon Geo Energy Resources
        148 10 COAL producer and mine contractor Geo Energy Resources’ subsidiary PT Sungai Danau Jaya (SDJ) on Wednesday signed a memorandum of understanding (MOU) for the cooperation of coal-mining services with PT Bukit Makmur Mandiri Utama (Buma). SDJ holds production operations mining business licences for an aggregate area of
        148 words
      • Article
        Lock icon Ezion Holdings
        110 10 THE suit filed by Atlantic Marine Services BV (AMS) against Singapore-based offshore service provider Ezion Holdings has been withdrawn, the latter announced on Wednesday. AMS has further agreed to release and discharge Ezion from all claims that had been alleged in the suit, the latter said in a
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      494 words
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      68 10 H O T PR O PERTY VILLA AZURA Cherry Ave 1600 sf 3+maid's spacious. Quiet, near amenities/Cold Storage. BALMORAL SPRING 1076 Balcony. Reno. High flr. Must see unit! Walk United Square. Immed. $4K neg JERVOIS LODGE GROUND flr w/ patio. Pool view, 4+1 1980sf P/furn Reno $6.5K 14 July. Owner
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      16 10 EDITOR'S CHOICE We bring you three top stories in full at businesstimes.com.sg every day thebusinesstimes btbreakingnews
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      123 10 The Premier for Gifts Sourcing VfSGPFair Singapore Gifts Premiums Fair 2015 Platform 29-31 JULY 2015 Marina Bay Sands, Singapore Sands Expo and Convention Center Level 1, Hall B C To Exhibit: SGPFair@bizlink.com.sg Tel: (65) 6848 5939 www.SGPFair.com ‘Free admission, register now! www.SGPFair.com/reg/2 Organised By: K Block 8 Lorong Bakar Batu
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      40 10 YOGA DAY Find out where you can join the first-ever International Day of Yoga celebrations on June 21 UP CLOSE WITH AMITAV GHOSH GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL SHAN (*****861) KALWANT (*****327) NISHAL (*****438)
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      1283 11 ADVERTORIAL Aligning values to meet the evolving needs of the global workforce Hull University Business School, PSB Academy targets business executives with its new programme offerings THE British university which boasts an alumni network including Muhtar Kent, the global CEO of The Co-ca-Cola Company, is now offering two part-time programmes
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Sellers of homes renege on transactions, banking on further hikes in prices
      618 12 Shenzhen leads the way, fuelled partly by a stockmarket rally that has seen the local index more than double this year CHINA PROPERTY REUTERS Hong Kong WOULD-BE sellers of homes in China’s southern city of Shenzhen are tearing
      REUTERS; PHOTO: BLOOMBERG  -  618 words
    • Article
      Lock icon Starwood to list timeshare unit on NYSE
      144 12 BLOOMBERG Toronto STARWOOD Hotels Resorts Worldwide Inc plans to list its timeshare unit, Vistana Signature Experiences Inc, on the New York Stock Exchange by the end of this year. The new public company will be listed under the ticker VSE, Starwood said on
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    • Article
      Lock icon NorthStar acquiring Frankfurt skyscraper from US owners
      179 12 BLOOMBERG Berlin NORTHSTAR Realty Finance Corp is buying the Trianon office tower, one of Frankfurt’s tallest skyscrapers, from Madison International Realty LLC and a fund managed by Morgan Stanley, two people with knowledge of the matter said. NorthStar announced the 540 mil-lion-euro (S$819
      BLOOMBERG  -  179 words
    • Article
      Lock icon Alstria Reit takes over German rival
      417 12 OFFICE PROPERTY DEALS BLOOMBERG Berlin ALSTRIA Office Reit offered to buy competitor Deutsche Office in a deal that values the company at about 800 million euros (S$ 1.2 billion). Majority shareholder Oaktree Capital Group has accepted the bid. Alstria offered 0.381 of a new
      BLOOMBERG  -  417 words
    • Article
      Lock icon Allianz buys Berlin building
      203 12 BLOOMBERG Berlin ALLIANZ Real Estate, the property investing unit of Europe’s biggest insurer, bought an office building in Berlin for 210 million euros (S$317 million) that’s rented to railway company Deutsche Bahn. Stettiner Carree, near the Nordbahnhof train station, was sold by private equity firm Global
      BLOOMBERG  -  203 words
    • Article
      Lock icon More developers allowed to issue bonds
      194 12 BLOOMBERG Beijing CHINA will allow more property developers to issue bonds on the interbank market, the latest step to ease financing restrictions for the industry. State-owned property companies rated “AA” and higher can sell medi-um-term notes, according to people familiar with the matter, who
      BLOOMBERG  -  194 words
    • Article, Illustration
      Lock icon Surging home prices unlikely to fall on loan curbs: NAB
      556 13 Markets are struggling with undersupply amid “significant” foreign demand, it adds AUSTRALIA PROPERTY BLOOMBERG Sydney SURGING home prices in cities including Sydney are unlikely to be affected by the banking regulator’s efforts to curb mortgage lending to investors, according to
      BLOOMBERG; PHOTO: BLOOMBERG  -  556 words
    • Article
      Lock icon Blackstone hires CIO for its property-debt unit
      562 13 BLOOMBERG Seattle BLACKSTONE Group LP, the biggest real estate private equity firm, hired Jonathan Pollack from Deutsche Bank AG to be chief investment officer of its property-debt unit, which oversees almost US$10 billion of investor capital. Mr Pollack had been global head of
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    • Article
      Lock icon Pimco calls for more Aussie property curbs
      417 13 BLOOMBERG Sydney AUSTRALIA needs tougher measures to rein in booming property prices and give the central bank maximum flexibility on interest rate settings, Pacific Investment Management Co said. “Households are exhibiting irrational exuberance,” Pimco’s Aaditya Thakur and Laura Ryan said in a research
      BLOOMBERG  -  417 words
    • Article
      Lock icon Properties in London, Paris, Tokyo a draw for Taiwan life insurers: CBRE
      316 13 BLOOMBERG Taipei TAIWANESE life insurers seeking higher returns may purchase more properties in London, Paris and Tokyo to increase their total real estate assets by US$9 billion in four years, according to CBRE Group Inc. Commercial properties in
      BLOOMBERG  -  316 words
    • Article, Illustration
      Lock icon Arts district catches on in slow-paced US city
      1059 14 Originally envisioned in 1998 by two local art and design graduates, Starland houses studios, small offices, galleries, cafes and retail shops NYT Savannah, US THE idea of a vanguard arts district may seem counter-intuitive in this slow-paced city of courtly manners and
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    • Article
      Lock icon Househunt
      1471 14 Property transactions for districts 2 to 25 with contract dates between May 6 and May 12,2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 2 NON-LANDED Lumiere Apt 12/05/2015 99 678 1180 1740 District 3 NON-LANDED Emerald Park Apt 11/05/2015
      1,471 words
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      108 12 En-bloc Sale of Fairhaven (Sophia Road) Subject Tekka Centre Istana Bt Timah Rd Rd Wilkie Rd Wilkie Edge Sophia Selegie Rochor The Atrium Orchard Rd Plaza Singapura Orchard Rd PoMo CathayCineplex Penang Park Mall Prinsep St SOTA Middle Rd DhobyGhaut MRT NAFA Lane Bencoolen MRT(U/C) Rendezvous Hotel Rd Bras SMU
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      131 12 FREEHOLD GCB SITE BINJAI RISE BANK’S AUCTION ON 26 JUNE 2015, FRI An uncompleted 2½-storey bungalow attic pool Approx. 17,034 sq ft Regular shaped Near a number of prestigious schools Amenities available at The Grand Stand Annie Chan Carol Quek 9237 5332 9688 9668 CEA Reg No. R*****4B CEA Reg
      131 words
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      98 12 2 If you're looking for a landed home with a large enough driveway, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988. Own cars? AUCTION 63 Sungei Tengah Road Existing Ornamental Fish Farm with Ancillaries Approx land: 19,624.3 m 2 (211,234 ft 2
      98 words
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      45 13 Clinic sizes ranging from 700 to 1500 square feet For an exclusive viewing, please contact our leasing team 6434 9808 audrey.seen@plpl.com.sg 6434 9832 keith.koh@plpl.com.sg One Orchard Boulevard camden.com.sg 20 COLLYER QUAY Excellent Seaview Next to Raffles Place MRT Station 1,001sf to 1,839sf 6225 7000I6428 7864
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      290 13 FREEHOLD HOTEL LAND IN PATONG, PHUKET PATONG BEACH Thaweewong Road S s SITE Hotel Land located in the heart of Patong Near Patong Beach (50 metre), Bangla Road and Junceylon Shopping Mall With Planning Approval for 4-storey Hotel with a basement, total 208 rooms Qualified for BOI status, 100% Foreign
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      3 13 Hong Fok Group
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Beijing allows broader ownership at Bank of Communications
      475 15 More private shareholding aims to drive growth by bringing on board commercially adept strategic investors REUTERS Beijing CHINA’S Cabinet has allowed Bank of Communications (BoCom), the country’s fifth-biggest lender, to introduce more private shareholding as part of Beijing’s financial reforms to revitalise
      REUTERS; PHOTO: REUTERS  -  475 words
    • Article
      Lock icon UK watchdog defends hefty fines on banks that break rules
      397 15 REUTERS London STIFFER fines for banks caught trying to rig markets have not undermined financial stability or the ability of lenders to stay solvent, a senior British regulator said on Wednesday. Georgina Philippou, acting director of enforcement at the Financial
      REUTERS  -  397 words
    • Article, Illustration
      Lock icon China mixes up crowdfunding and groupthink
      394 15  -  &JS REUTERS BREAKINGVIEWS By John Foley REUTERS Beijing CHINA has taken crowdfunding and blended it liberally with groupthink. The country’s Web users now have the chance to invest in startup businesses from dog groomers to portable under-wear-washing machines. In some cases, innovative companies will
      REUTERS; PHOTO: REUTERS  -  394 words
    • Article
      Lock icon China broker to raise US$4.8b in the country’s biggest IPO since 2010
      572 15 BLOOMBERG Beijing GUOTAI Junan Securities Co, China’s largest brokerage by revenue, is capitalising on a world-beating stock rally by seeking US$4.8 billion in the nation’s biggest domestic initial share sale since 2010. Guotai Junan will sell shares at
      BLOOMBERG  -  572 words
  • Page 15 Advertisements
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      736 15 The Business Times NOTICES land DIGILAND INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****0571K) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an extraordinary general meeting (“EGM”) of the Company will be held at Temasek Club, 1 Portsdown Road, Singapore *****5, Anvil Room on
      736 words
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Bank of China joins London’s gold price setting system
      569 16 Participation in gold auction will increase link between China and global markets, it says BLOOMBERG London A CHINESE bank will help set prices in London’s US$20 billion gold market for the first time ever as the nation strengthens its influence in
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    • Article
      Lock icon Statoil, Newfoundland near deal on offshore drilling
      415 16 REUTERS Calgary, Alberta NORWAY’S Statoil ASA is “weeks away” from reaching a deal with the government of Newfoundland and Labrador to develop the company’s 600 million-barrel Bay du Nord oil discovery off the Canadian province’s Atlantic coast, the province’s premier said on Tuesday.
      REUTERS  -  415 words
    • Article, Illustration
      Lock icon US refiners profit as petrol sales surprise even analysts
      769 16 Petrol price is up and stocks are down as more drivers take to the road in summer BLOOMBERG San Francisco OIL supplies are abundant. America’s refiners are running the hardest in 10 years. So why isn’t the country awash in petrol?
      BLOOMBERG; PHOTO: REUTERS  -  769 words
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      Lock icon Dairy prices hit six-year low on slump in demand
      339 16 REUTERS Wellington INTERNATIONAL dairy prices fell to their lowest in nearly six years due to an ongoing slump in demand from major importers including China, although losses in milk powder prices eased after hefty losses seen in past months. The benchmark
      REUTERS; PHOTO: BLOOMBERG  -  339 words
    • Article
      Lock icon Longest glut in 30 years looms as Opec keeps pumping
      400 16 BLOOMBERG London THE world is on the brink of the long-est-lasting oil glut in at least three decades and Opec’s quest for market share makes it almost unavoidable. Oil supply has exceeded demand globally for the past five quarters, already
      BLOOMBERG  -  400 words
  • Page 16 Advertisements
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      25 16 One man’s junk is another man’s treasure Shop second-hand or sell your possessions in CLASS 162 To advertise, call the Print Classified Hotline: 1800-289 9988
      25 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Google’s new secret weapon in cloud technology
      788 17 Competing with Amazon and Microsoft, it is disclosing more information about companies that use its cloud business NYT New York GOOGLE is wielding a new weapon against Amazon and Microsoft for cloud computing customers: itself. Google is talking more openly about companies that
      NYT; PHOTO: BLOOMBERG  -  788 words
    • Article
      Lock icon Russian firms switching to local software
      688 17 BLOOMBERG Moscow RUSSIAN companies are increasingly buying homegrown software to avoid international sanctions, posing a challenge to the likes of Microsoft Corp and Oracle Corp in the country’s US$3 billion local market. OAO Sberbank’s life insurer in February started an online service running local
      BLOOMBERG  -  688 words
    • Article, Illustration
      Lock icon In return to Twitter, Dorsey aims to follow path of Jobs
      786 17 NYT New York PERHAPS we should blame Steve Jobs for Jack Dorsey’s reappointment as Twitter’s interim chief executive. Mr Jobs set the precedent. Ousted by his board, he left Apple and was regarded as a sort of failure after
      NYT  -  786 words
    • Article
      Lock icon Transformation is the key, says Nintendo
      397 17 AFP Los Angeles NINTENDO played to “Super Mario” fans while talking transformation as the Japanese video game giant strived to regain momentum. “If there is a secret to the longevity of Nintendo franchises, it is transformation,” Nintendo of America president Reggie Fils-Aime said during
      AFP  -  397 words
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      564 17 The Business Times NOTICES I LOST SHARE CERTIFICATE Notice is hereby given that the following share certificate has been reported lost:Yuuzoo Corporation Limited (Incorporated in Bermuda) Notice is hereby given that new share certificate will be issued and the original share certificate will be deemed duly cancelled and void fourteen
      564 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Pinched pensions limit chances of demand-led recovery in Japan
      629 18 Spending by households where no one was employed, which includes pensioners, falls 1.5% last fiscal year REUTERS Tokyo WHILE Japan’s stimulus policies are beginning to have some effect, with more people beginning to spend, pensioners, a big and growing category of
      REUTERS; PHOTO: BLOOMBERG  -  629 words
    • Article, Illustration
      Lock icon Murdoch passes the baton to sons at Fox group
      591 18 NYT New York MEDIA conglomerate 21st Century Fox announced on Tuesday that Rupert Murdoch’s two sons would assume new leadership roles in the company, continuing the elder Murdoch’s plans to keep control of the company in his family. The appointments, effective
      NYT; PHOTO: REUTERS  -  591 words
    • Article, Illustration
      Lock icon Bird flu sends US egg prices up, but weak demand prevents shortage
      932 18 Recent price increases start to reverse due to buyer resistance NYT New York ARE egg prices up significantly? Or are the reports overblown that attribute higher prices to an outbreak of avian flu that has affected some 47
      NYT; PHOTO: AFP  -  932 words
    • Article
      Lock icon FDA gives food sector 3 years to ditch trans fats
      736 18 NYT Washington THE Food and Drug Administration on Tuesday gave the food industry three years to eliminate artery-clog-ging, artificial trans fats from the food supply, a long-awaited step that capped years of effort by consumer advocates and is expected to
      NYT  -  736 words
    • Article
      Lock icon McDonald’s advertises US$2.50 summer deals to revive sales
      280 18 BLOOMBERG Chicago MCDONALD’S Corp on Tuesday started offering a double cheeseburger and fries for US$2.50, an attempt to revive sales in an increasingly competitive fast-food market. The US promotion, which runs through the summer, is one of the first specials to be
      BLOOMBERG  -  280 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon EU unveils rules to make firms pay their fair share of taxes
      575 19 It also releases a list of 30 nations that are most often cited as non-cooperative jurisdictions BLOOMBERG AFP Brussels THE European Commission unveiled a new push to make companies pay their “fair share” of taxes by aligning tax
      BLOOMBERG; AFP  -  575 words
    • Article, Illustration
      Lock icon Pay growth revives hopes that UK is casting off crisis hangover
      700 19 This puts prospect of BOE finally raising rates back on the agenda for investors REUTERS London BRITISH workers’ pay grew at its fastest rate in nearly four years in the three months to April, putting the prospect of the
      REUTERS; PHOTO: BLOOMBERG  -  700 words
    • Article
      Lock icon China net capital inflows hit US$20b in first 5 months
      332 19 BLOOMBERG Beijing CHINA saw net foreign capital inflows in the first five months of the year, suggesting stabilisation in a leakage of funds which had been among reasons behind the central bank’s efforts to boost liquidity. A net US$20 billion
      BLOOMBERG  -  332 words
    • Article
      Lock icon Swiss prosecutors looking into 53 ‘suspicious’ Fifa cases
      646 19 They are probing world body’s handling of bids for 2018, 2022 World Cups AFP BLOOMBERG Bern SWISS prosecutors are investigating 53 cases of possible money laundering as they look into Fifa’s handling of bids for the 2018 and 2022 World Cups, officials
      AFP; BLOOMBERG  -  646 words
    • Article
      Lock icon EU reaches deal to shine light on ‘shadow banking’
      235 19 REUTERS London FINANCIAL transactions using shares or other assets to secure credit will come under greater scrutiny after the European Union (EU) reached a deal on Wednesday to improve transparency and mitigate risks in the so-called “shadow banking” sector. The sector
      REUTERS  -  235 words
    • Article
      Lock icon EU to extend sanctions on Russia by six months
      348 19 REUTERS Brussels EUROPEAN Union (EU) governments agreed on Wednesday to extend economic sanctions on Russia over its actions in Ukraine by six months until Jan 31, diplomats said, maintaining unity in the West’s tough stance towards Moscow. The six-month extension was
      REUTERS  -  348 words
    • Article, Illustration
      Lock icon Jakarta to end power subsidy in budget reform
      705 20 Proposal follows a raft of micro-measures to revive waning domestic demand BLOOMBERG Jakarta HAVING watched his economic reform momentum falter in recent months, Indonesian President Joko Widodo is resurrecting his biggest policy success by cutting more subsidies. That will test his support
      BLOOMBERG; PHOTO: REUTERS  -  705 words
    • Article
      Lock icon Cameron suffers 1st party rebellion since re-election
      348 20 REUTERS London BRITISH Prime Minister David Cameron on Tuesday suffered his first parliamentary rebellion since being re-elect-ed last month as he tried to unite his party on Europe by making concessions on the timing and rules of a planned European Union (EU) membership
      REUTERS  -  348 words
    • Article, Illustration
      Lock icon Australia, China sign landmark trade agreement
      655 20 Deal to abolish tariffs in various sectors, penalties on goods AFP Canberra AUSTRALIA and China signed a landmark trade deal on Wednesday after a decade of talks, providing a boon for growth and jobs by abolishing tariffs across a raft of sectors. Trade Minister
      AFP; PHOTO: REUTERS  -  655 words
    • Article
      Lock icon Water infrastructure reveals 2 sides of Myanmar’s economic boom
      608 20 Bottled water set to take off; most still use unsafe supplies AFP Yangon EVERY morning on his way to work in Yangon, builder Zaw Min Tun takes a swig of water at a Buddhist temple, a vital place to quench a
      AFP  -  608 words
    • Article
      Lock icon Aussie IPO revival fizzles as buyers baulk over stock slump
      539 20 BLOOMBERG Melbourne AUSTRALIA’S revival in initial public offerings (IPOs) is proving short-lived as investors baulk at buying new shares in one of the developed world’s worst-performing markets. First-time share sales raised A$2.9 billion (S$3 billion) this year, compared with A$5.2
      BLOOMBERG  -  539 words
    • Article, Illustration
      Lock icon Slowdown in China, US weighs on Japan exports
      484 21 Bank of Japan expected to keep monetary stimulus programme unchanged at policy review this week REUTERS Tokyo JAPAN’S export growth slowed for a second straight month in May, with weak external demand now threatening to erode economic growth in the current quarter.
      REUTERS; PHOTO: REUTERS  -  484 words
    • Article
      Lock icon India exporters hoping for Yellen’s guidance
      710 21 BLOOMBERG Hong Kong COUNT Indian exporters among those closely watching Federal Reserve chair Janet Yellen this week. India’s overseas sales are falling more steeply than many other Asian countries, dragged down both by oil prices and weak demand in developed economies other than the
      BLOOMBERG  -  710 words
    • Article, Illustration
      Lock icon Value chain move-up spells trouble for world’s factory
      784 21 REUTERS Shanghai WU Zongjun used to be the face of China’s growth miracle. Twenty years ago, armed with a third-grade education and not much else, he started the Yiwu Lianfa clothing factory, one of the legions of small manufacturers that made China
      REUTERS; PHOTO: REUTERS  -  784 words
    • Article
      Lock icon Thailand expects dual-track railway to be ready by 2020
      304 21 REUTERS Bangkok THAILAND’S capacity for economic growth should increase when a dual-track railway project is completed in around five years, a deputy prime minister said on Wednesday. The project is part of the Thai government’s wider plan to help boost a
      REUTERS  -  304 words
    • Article
      Lock icon US per capita income will be double China’s even in 2061: study
      281 21 BLOOMBERG Hong Kong THE US will still have more than double China’s per capita income by 2061 even as Chinese income levels are tipped for more rapid growth. A study by the Federal Reserve Bank of Minneapolis found
      BLOOMBERG  -  281 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon Boeing’s US$15b haul widens its lead over Airbus
      575 22 Aeroflot cancels 22-plane order for 787 Dreamliner PARIS AIR SHOW BLOOMBERG Paris BOEING Co widened its lead over Airbus Group SE at the Paris Air Show with a US$15 billion second-day haul of deals for its single-aisle planes, the most widely flown
      BLOOMBERG; PHOTO: AFP  -  575 words
    • Article
      Lock icon Tackling the new threat of hackers and cyber-terrorists
      687 22 AFP Paris HACKERS and cyber-terrorists present an ever-evolving threat to airlines, with experts constantly testing for new vulnerabilities including the fear that drones could be used to throw a plane off course. Most agree hacking a plane would be a near-impossible feat,
      AFP  -  687 words
    • Article, Illustration
      Lock icon Europe car sales rise at slowest pace in 6 months
      560 22 BLOOMBERG Munich EUROPEAN car sales rose at the slowest pace in six months in May as buyers’ concerns about unemployment and the Greek sovereign debt crisis held back demand at Volkswagen AG and Renault SA. Registrations increased 1.4 per cent
      BLOOMBERG; PHOTO: AFP  -  560 words
    • Article
      Lock icon Uber, rivals offer China commuters free rides in fight for market share
      527 22 BLOOMBERG Beijing JESSICA Yang switched from taxis to chauffeured cars for the commute into her Beijing office as rides have become cheaper; these days, she is even getting free trips, as Uber Technologies Inc and its local rival
      BLOOMBERG  -  527 words
    • Article
      Lock icon Iata clarifies carry-on guide following objections
      781 22 NYT New York DON’T worry, nobody is coming for your enormous RollaBoard suitcase just yet. On June 9, the International Air Transport Association (Iata) made headlines by announcing a new guideline for carry-on luggage. They said carry-ons had grown too big, so they are
      NYT  -  781 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    975 23 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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      182 23 USE THIS SPACE TO SELL CALL JOE WONG AT *****327 TO ADVERTISE THE BUSINESS TIMES m Shipping times Experienced Shf p maintenance services wanted. Can they find your services here in the Shipping Times? the businesstimes TO ADVERTISE, CALL JOE WONG AT 9620 1327 Publicise Your Delivery Qft Newbuilds' Come
      182 words
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  • OPINION
    • Article
      Lock icon Keeping Mers at bay – and the outbreak in perspective
      583 24 Keeping Mers at bay and the outbreak in perspective UNTIL recent weeks, Mers (Middle East Respiratory Syndrome) had been a vaguely vexing but still distant disease, yet another troubling outbreak in “another part of the world”. Then came the first confirmed case in South Korea four weeks ago, and the
      583 words
    • Article, Illustration
      Lock icon Corporate Japan stands in the way of Abe’s reform plans
      769 24  -  Mr Abe’s new initiatives are no match for Japan’s traditional “iron triangle” the clubby nexus of elected officials, bureaucrats and CEOs that has long dominated Japan’s economy. THE BOTTOM LINE By William Pesek BLOOMBERG VIEW THE Japanese government’s newfound embrace
      BLOOMBERG VIEW  -  769 words
    • Article, Illustration
      Lock icon Candidate Hillary’s volte-face on TPP
      1343 24  -  Sensing the emergence of left wing Democrats, and with an eye on the White House, the once ardent supporter of free trade has switched allegiance to fair trade By Leon Hadar IN A 2012 speech in Australia, then US Secretary of State Hillary Clinton made
      PHOTO: REUTERS  -  1,343 words
    • Article
      Lock icon Heterogeneity stands in the way of eurozone consensus
      775 25  -  It’s too early to say whether the European Central Bank’s quantitative easing is achieving the goal of increasing inflation and of rekindling euro-area growth. But one thing is clear: Different countries feel the effects in different ways and at different speeds. COMMENTARY
      775 words
    • Article, Illustration
      Lock icon India’s Maggi noodles saga raises awareness about fast food hygiene
      966 25  -  By Yogi Aggarwal T The writer is a Mumbai-based journalist FROM college students taking a break for a midnight snack during long hours of study, to soldiers braving the icy winds of Kashmir, to harried housewives putting together a quick
      PHOTO: BLOOMBERG  -  966 words
    • Article, Illustration
      Lock icon NEW MISADVENTURES IN INDEPENDENCE
      1662 25  -  There’s a need to allow non-controlling shareholders more say in the nomination and election of directors and the determination of their independence. BY MAK YUEN TEEN independence.BY MAK YUEN TEEN T The writer is an associate professor at the NUS Business School where he teaches corporate
      COPYRIGHT: MAK YUEN TEEN USED WITH PERMISSION BY BT  -  1,662 words
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  • LIFE & CULTURE
    • Article
      Lock icon IVF doctors aghast at 65-year-old mum of quadruplets
      564 26 AFP Lisbon EXPERTS at a top fertility conference are dismayed at the case of a German woman who after having 13 children has had in-vitro fertilisation (IVF) quadruplets at the age of 65. The episode damages the reputation of IVF, which has
      AFP  -  564 words
    • Article, Illustration
      Lock icon Americans starting to worry about climate change . . . again
      871 26 Americans starting to worry about climate change again 69% of adults say global warming is either a “very serious” or “somewhat serious” problem, up from 63% in 2010 NYT New York THE financial crisis made Americans less worried about climate change. The Democrats’ attempt to pass sweeping climate legislation in
      NYT; PHOTO: NYT  -  871 words
    • Article, Illustration
      Lock icon Dates are a unifying staple during Ramadan
      948 26 NYT New York WHEN chef Sameh Wadi was growing up first in Kuwait, then in Jordan, and finally in Minneapolis and St Paul one of the few constants in his life was his mother’s cooking, especially the date-filled ring cookies called ka’ak that
      NYT; PHOTOS: NYT  -  948 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      321 26 CRYPTIC CROSSWORD Across 1 Elderly relative erring unfortunately not showing good spirit (5,7) 9 Hormone in wild lupins lacking source of protein (7) 10 Intelligence reduced by not working (3-4) 11 Date juice (7) 12 Platitude with unusually morbid note (7) 13 Clear deliveries ahead of time (5) 14 Meet
      321 words