The Business Times, 30 June 2015

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Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    33 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 Tuesday, June 30, 2015G
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  • Article
    Lock icon MARKETS
    28 1 Monday Change STI 3,280.18 -40.72 KL COMP 1,691.92 -18.55 NIKKEI 225 20,109.95 -596.20 HANG SENG 25,966.98 -696.89 SHENZHEN B 1,406.54 -30.19 Dow (11:45 am EDT) 17,732.88 -213.80
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  • DAILY DIGEST
    • Article
      Lock icon Singapore and Australia
      29 1 are rolling out the red carpet for businesses to invest in each other’s economies easily, thanks to a deal inked by their leaders. TOP STORIES 2
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    • Article
      Lock icon The Malaysian ringgit
      22 1 slipped to 3.783 to the US dollar, ahead of a possible sovereign downgrade by Fitch Ratings. TOP STORIES/ 5
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    • Article
      Lock icon The Singapore market
      23 1 is attractively valued and market valuations can be driven by the internationalisation of GLCs, says Morgan Stanley. COMPANIES MARKETS 6
      23 words
    • Article
      Lock icon Prices of completed
      22 1 non-landed private homes in Singapore fell 0.6 per cent in May, according to a flash estimate. REAL ESTATE 14
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    • Article
      Lock icon Debt-based
      13 1 crowdfunding platform New union has raised S$660,000 for Mezzo Interiors. TECHNOLOGY 19
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    • Article
      Lock icon India’s generic
      20 1 drugmakers are under pressure to branch out to new markets or sell out to larger rivals. CONSUMER 20
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    • Article
      Lock icon Short-sellers are
      18 1 targeting AirAsia, with its shares among the most borrowed in South-east Asia in recent weeks.TRANSPORT 21
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    • Article
      Lock icon Fuelled by borrowed
      24 1 money and 80 million investors, swings in the Shanghai Composite Index have climbed to the highest since 2008. GOVT ECONOMY 22
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    • Article
      Lock icon Fears that the Japanese
      20 1 government may become involved in a crisis over new security legislation unnerved Tokyo markets. GOVT ECONOMY/25
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  • Article
    Lock icon Banks free to test certain digital innovations without approval: MAS
    778 1  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore FINANCIAL institutions are free to test out certain digital innovations without the approval of the regulator, but are responsible for some inevitable risks behind such services. The Monetary Authority of Singapore (MAS) on Monday
    778 words
  • Article
    Lock icon Market players ponder opportunities as Greece heads towards default
    924 1  -  Analysts look to revitalised US economy, recovering eurozone fundamentals; say Asian currencies could fall but would outdo emerging markets’ By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore AS GREECE unexpectedly veered towards default and Asian markets corrected sharply in response, market participants remained
    924 words
  • Page 1 Advertisements
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      16 1 8 "*****1 *****4 UP TO THE CHALLENGE PappaRich’s recipe for surviving the F&B industry SME 30
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      Lock icon Page 1 Advertisements Column 2
      57 1 NEW LISTING Manulife US Reit secures cornerstone investors ahead of its S'pore IPO companies markets 7 GOVERNMENT LAND SALES 10 industrial sites on 20-year lease real estate /12 Read how Bynd Artisan reaches out to a younger audience by putting a spin on paper and leather items in the SME
      57 words
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      Lock icon Page 1 Advertisements Column 3
      220 1 OPTIMISTIC OUTLOOK Business confidence in S’pore improves for 2nd straight quarter: study COMPANIES MARKETS 10 THE scans TOUER □UN UOUR SIGNATURE SPACE IN THE ORCHARD MR! Tang Plaza Orchard MRT *s Ngee Ann City ION Orchard lljP I TO&! *ex, I, i'_. i! 1 r r 1 j *U. r
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  • TOP STORIES
    • Article, Illustration
      Lock icon S’pore, Australia sign 10-yr road map to take ties to next level
      780 2  -  They will work more closely on trade, investment, financial markets, tourism, labour flow, defence and security ABBOTT’S VISIT By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore SINGAPORE and Australia are rolling out the red carpet for businesses to invest in
      PHOTO: REUTERS  -  780 words
    • Article
      Lock icon Australia hopes the US will one day join China-led AIIB
      516 2  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore AUSTRALIA, one of the largest shareholders of the new China-led Asian Infrastructure Investment Bank (AIIB), hopes that the United States will eventually re-consider and become a member of the US$100 billion institution at some
      516 words
    • Article
      Lock icon Correction
      43 2 IN our story “NSS Group’s Gambas industrial project slated for July launch” on Monday, we said that Ng Teng Yeng is the elder brother of the late Ng Teng Fong. He is actually the younger brother. We are sorry for the error.
      43 words
    • Article
      Lock icon Europe markets claw back on hopes of fresh talks
      878 4  -  Analysts hope that a “Yes” vote in the Greek referendum will lead to renewed negotiations and new govt in Athens GREEK CRISIS By Neil Behrmann btworld@sph.com.sg London EUROPEAN markets, with the exception of closed Greece, plunged between 4 and 5 per
      878 words
    • Article, Illustration
      Lock icon Greece and the moral hazard dilemma
      786 4  -  COMMENTARY By R Sivanithy sivan@sph.com.sg @RSivanithyBT SO Greece might very well default on its payments, reject its creditors’ demands, declare itself bankrupt and exit the eurozone. o what? All these events have been very real possibilities for about five years and if markets are
      786 words
    • Article
      Lock icon Ringgit falls on expected Fitch ratings downgrade
      521 5  -  Moody’s and Standard Poor’s, comfortable with Malaysia’s fundamentals, are keeping their current ratings By Pauline Ng btworld@sph.com.sg Kuala Lumpur THE Malaysian ringgit slipped to 3.783 to the US dollar, its lowest in a decade, ahead of a possible sovereign downgrade by Fitch Ratings.
      521 words
    • Article
      Lock icon S’pore among 50 countries to sign AIIB agreement
      889 5  -  By Anthony Rowley btworld@sph.com.sg Tokyo SINGAPORE was among 50 countries to sign the Articles of Agreement (AoA) of the Asian Infrastructure Investment Bank (AIIB) at a ceremony in Beijing on Monday, marking another step towards operations of the China-led bank by year’s
      889 words
  • Page 2 Advertisements
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      232 2 H Maybank PROUDLY PRESENTS TM EPIC EXPO FOR PROPERTY, INVESTING CROWDFUNDING Connecting markets, Realising possibilities 10 -11 JULY 2015 SINGAPORE MARRIOTT TANG PLAZA HOTEL Srt?'* »?r i 'Z.:UV' S-nSfet ft. s&Zt&ilig'r -i..-- 1 i ~‘v|ar r i i j Hut*-: ■£apa$f$$ WV Douglas Keith Abrams Founder and CEO, Expara Serena
      232 words
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      561 4 BT Explains The Greek clash Greece stands at a crucial junction in history, but both tines of the fork spell trouble for the Mediterranean country. Accepting its creditors’ demands for more austerity could deliver another blow to an ailing economy that badly needs stimulus. Yet the path of default leads
      561 words
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      294 5 N 5 STAR AIRLINE' 5KYTRAX vVr, *y .V 7f f. > tv* ,tV- v. V. •r 3 N> •> f V i. > v A/'«' 4, r .>^1 V -**>;«• r i m j i r» Tb p. Feel the tranquillity, the essence of comfort in our fully flat reclining
      294 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Restructuring of GLCs can drive market valuations
      426 6  -  Corporate profitability, relatively low valuations could also fuel equity market, says Morgan Stanley By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore THE Singapore market is attractively valued, and market valuations in the medium term can be driven by the restructuring and internationalisation of government-linked companies
      426 words
    • Article
      Lock icon Singapore M&A deal value seen dipping in 2015
      782 6  -  By Ong Hui Qun ohuiqun@sph.com.sg Singapore SINGAPORE’S total value of completed merger and acquisition (M&A) deals may fall this year on the back of sluggish world trade volumes and China’s economic slowdown, according to Baker McKenzie. The Global Transactions Forecast report, conducted
      782 words
    • Article
      Lock icon Manulife US Reit gears up for listing in Singapore
      429 7  -  Plan for S$629m proceeds from offering, cornerstone investors, sponsor units By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore IN WHAT must be a welcome relief for the local IPO-dry stock market, Manulife US Real Estate Investment Trust (Manulife US Reit), a unit
      429 words
    • Article
      Lock icon Del Monte Pacific narrows Q4 loss to US$14.1m
      187 7  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore DEL Monte Pacific (DMPL) posted a net loss of US$ 14.1 million for the fourth quarter ended April, narrowing its losses from US$38.7 million a year ago. This included non-re-curring expenses amounting to US$8.9 million. These
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    • Article
      Lock icon Asia-Pacific Strategic Investments acquires mine
      231 7  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore ASIA-PACIFIC Strategic Investments has entered into a nonbinding memorandum of understanding (MOU) to acquire an additional gold mine as part of its proposed acquisition of Coeur Gold Armenia (CGA) for S$500 million. The vendor, GR Business Holdings, is acquiring
      231 words
    • Article
      Lock icon Suntec Reit sells Park Mall; strikes redevelopment JV
      244 7  -  Property sold for S$411.8m; Reit takes 30% stake in JVCo By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore SUNTEC Real Estate Investment Trust is selling Park Mall to Park Mall Pte Ltd for S$411.8 million, said ARA Trust Management (Suntec), the manager of Suntec
      244 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times index June 29,2015 3,280.18 -40.72 (-1.23%) Current streak 3 days Day high 3,290.63 Day low 3,267.68 52-week high 3,539.95 (Apr 15, 2015) 52-week low 3,154.21 (Oct 16, 2014) FTSE ST Catalist index June 29,2015 658.45 -8.69 (-1.30%) Current streak 3 days Day high 664.97 Day low
      63 words
    • Article, Illustration
      Lock icon Market eases on Europe’s turmoil
      646 8  -  STI drops 1.2% on Greek woes in tandem with falls in the Hang Seng and Shanghai Composite indices STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THERE were no surprises as the Straits Times Index (STI) fell 40.72 points or 1.2 per cent on Monday to 3,280.18,
      Source: Bloomberg  -  646 words
    • Article
      Lock icon STI STOCKS
      308 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 240 -5 244/239 271 219 6.1 6072.9 CapitaLand 340 -10 344/336 379 293 12.5 2.6 *****.1 CapitaMall Trust 211 -4 215/208 228 188.5 5.1 7321.1 CityDev 973 -9 977/965 1095 915 11.7
      308 words
    • Article
      Lock icon MOST ACTIVE
      35 8 VOLUME Armarda 118,538,700 IHC 58,437,400 Digiland Intl 50,380,100 Debao Property 35,697,300 CN*****MBeCW*****9 34,841,600 Market volume 1,637,848,000 VALUE Singtel 120,440,000 DBS Grp 63,862,328 OCBC Bank 60,417,317 Global Logistic 59,248,163 UOB 49,950,345 Market value 1,051,127,000
      35 words
    • Article
      Lock icon SGX ETFs Most Active
      112 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 333 -5 705 337/330 355/319 333/334 UETF SSE50China 273 -2 318 284/263 340/141 271/273 85.3 Nikko AM STI ETF 339 cd -3 167 342/337 422/324 339/340 8.2 DBXT CSI300 US$ US1151 -45 119 1218/1100
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jun 29 VALUE CLOSE BT OB/OS -292.00 -107.00 BT CADI -*****.00 -267.00 BT 10-day MA -*****.00 -29.00 FTSE ST Mid Cap 756.71 -6.82 FTSE ST Small Cap 473.64 -6.43 FTSE ST All Share 788.68 -9.42 FTSE ST China Top 202.40 -2.89 FTSE ST China 240.18 -3.03 FTSE
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    • Article
      Lock icon GAINERS
      73 8 BY CENTS CLOSE UP 52w high/low DBXT S&P Short US$ 2159 52.7 1.8 2497/2108 FuxingChina 1 38 10.0 35.7 38/28 Lafe 139 9.0 6.9 275/115 CIMBASEAN40 US$ 955 8.1 0.6 1113/938 CEI Contract Mfg 1 40 7.0 21.2 44/21.5 BY PERCENTAGE CLOSE UP 52w high/low CN*****MBePW*****0 7.8 239.1 5.5
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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 29,2015 788.68 -9.42 (-1.18%) Current streak 3 days Day high 791.18 Day low 786.35 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 26,2015 1,898.82 -11.28 (-0.59%) Current streak 4 days Day high 1,910.14 Day low 1,896.17 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 2 11 2 0 0 0 2 11 2 Manufacturing 28 79 31 7 15 8 35 94 39 Commerce 12 28 13 3 3 4 15 31 17 Tpt/Stor/Comms 1 30 7
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 11,358 11,358 51,493 51,493 Manufacturing 130,291 52,446 182,737 79,844 2,360 82,204 Commerce 160,564 41,145 201,709 69,852 1,904 71,756 Tpt/Stor/Comms 124,985 1,243 126,228 214,914 95 215,008 Finance 33,377 300 33,677 200,705 54 200,759 Construction 27,017 12,432
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    • Article
      Lock icon LOSERS
      76 8 BY CENTS CLOSE DOWN 52w high/low DBXT MSEurope US$ 5923 -224.3 -2.7 6424/5366 DBXT E50 US$ 5069 -177.0 -2.5 5564/4562 JMH USD 5530 -166.2 -2.2 6788/5410 DBXT Chia50 US$ 3658 -160.8 -3.2 4258/2800 DBXT MSCHINA US$ 1501 -127.0 -5.9 1750/1245 BY PERCENTAGE CLOSE DOWN 52w high/low Digiland Intl 0.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 8 VOL CLOSE($) CHANGE Kitchen Culture 65.0 0.275 +0.040 +17.02 FuxingChina 1 0.22 0.380 +0.100 +35.71 Pacific Hc 377.0 0.010 +0.002 +25.00 Chemical Ind 340.8 0.555 +0.040 +7.77 UnitedFood 1 10.0 0.295 -0.090 -23.38 3Cnergy 10.0 0.220 -0.030 -12.00 Brooke Asia 406.7 0.165 -0.015 -8.33 E2-Capital 106.0 0.085 -0.020
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    • BROKERS’ TAKE
      • Article
        Lock icon UOB
        237 8 Hold June 29 close: s$22.90 Target price: S$25.50 DBS Group Research, June 29 UOB has been known for its conservative growth but we believe the market may have overlooked the lack of its fee income differentiation as well as Greater China presence. We believe over time, regionalisation beyond Asean
        237 words
      • Article
        Lock icon Cache Logistics Trust
        275 8  -  Compiled by Jacquelyn Cheok Buy June 29 close: S$1.15 Target price: S$1.37 Maybank Kim Eng, June 25 CACHE’S active debt management brought down its all-in interest rate to 2.77 per cent in Q115 from last year’s 3.43 per cent average. Variable-interest rates hedged into fixed has also
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    • Article
      Lock icon CALENDAR
      16 8 I June 30 Singapore Bank Lending I 10pm (June 30) US S&P/CaseShiller Home Price Index
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    • Article
      Lock icon Euro resilient after early dive over Greece’s woes
      430 9 CURRENCIES REUTERS London THE euro proved broadly resilient on Monday to Greece’s moving one step closer to an exit from the single currency, helped by intervention by the Swiss National Bank and investors concluding that the situation in Athens still has some
      REUTERS  -  430 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Jun 29 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.943 4.745 0.691 5.925 48.828 102.153 0.940 8.588 2.893 1.119 77.766 34.531 1.033 9.393 0.717 23.671 25.847 0.487 0.764 Canada 1.061 5.035
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        Lock icon HANG SENG
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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        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 29 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0326 1.0334 0.7641 0.7644 Canadian dollar 1.0956 1.0964 0.8110 0.8107 Euro 1.4951 1.4959 1.1063 1.1065 NZ dollar 0.9226 0.9232 0.6827 0.6829 Sterling pound 2.1210 2.1223 1.5695 1.5699
        155 words
      • Article
        Lock icon USS/SS FORWARD RATES
        21 9 Jun29 S$ Bid Offer 1-month 1.3521 1.3529 2-months 1.3527 1.3534 3-months 1.3532 1.3540 6-months 1.3555 1.3566 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        196 9 Jun 29 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left FTSEChinaA50 ***** MBeCW*****9 7.3 -0.4 ***** 0.0 --3 UOB MB ECW*****1 9.6 -1.3 5893 0.1 2395 4 KepCorp MB eCW*****2 6.2 -0.7 5333 0.2 915 5 OCBC
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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 26 Index Change Change Change Change Change Change World Preliminary 1347.5 -0.1 5.6 0.2 5.9 -0.2 4.0 EAFE Preliminary 1092.5 -0.3 10.7 -0.2 9.0 -0.6 7.0 Europe Preliminary 1515.3 -0.1 9.7
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        406 9 Jun29 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.46 *****.03 *****.11 Jun15 *****.00 *****.00 *****.50 *****.75 *****3 *****6 Jul15 *****.50 *****.00 *****.00 *****.00 *****0 *****9 NIKKEI 225 INDEX FUTURES SPOT *****.97 *****.60 *****.16 Sep15 *****.00 *****.00 *****.00 *****.00 ***** *****1 Dec15 *****.00
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Jun 29 $S Offer Bid 0vernight 0.50 0.30 1-month 0.6875 0.5625 2-months 0.75 0.625 3-months 0.8125 0.6875 Overnight mode: 1.50 US$ Offer Bid 7 days 0.22 0.12 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 29 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 29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.54 102.61 102.55 5-Year N*****0S 2.000 01-Jul-20 99.95 100.13 100.05 10-Year NX*****Z 2.375 01-Jun-25 97.05 97.60 97.30 15-Year NY*****E 2.875 01-Jul-29 99.01 99.55 99.05 20-Year NZ*****V 3.375 01-Sep-33 104.05
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Jun-26 Price Net change change Last Trade Agricultural Jun-26 CBOT Soybeans (US cents/bu) 1002.00 1.75 0.17% 14/07/2015 CBOT Soybean Oil (US cents/lb) 33.22 -0.14 -0.42% 14/07/2015 CBOT Wheat (US cents/bu) 562.25 30.25 5.69% 14/07/2014 Jun-26 LIFFE Cocoa (£/tonne) 2168.00 30.00 1.40% 16/07/2015 LIFFE Coffee (US$/tonne) 1924.00 40.00 2.12%
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    • Article, Illustration
      Lock icon Business optimism rises for another quarter: study
      748 10  -  For Q3 2015, construction and services have emerged as the most optimistic sectors in Singapore, while mining is the least optimistic sector By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore BUSINESS confidence in Singapore has improved for a second consecutive quarter, according to Singapore
      Source: Singapore Commercial Credit Bureau  -  748 words
    • Article
      Lock icon CapitaLand cuts utilities cost for sustainability
      339 10  -  By Nikita Mathur mathurn@sph.com.sg CAPITALAND LIMITED saved over S$76 million in cost avoidance for utilities from 2009 to 2014, reaffirming the Singapore-listed company’s commitment to sustainability, according to its Global Sustainability Report for 2014. One of Asia’s largest real estate development companies, CapitaLand achieved
      339 words
    • Article
      Lock icon Singtel share awards: how vesting works
      154 10  -  LETTER TO THE EDITOR Lian Pek Vice-president, group corporate communications Singtel WE thank Gerrard Ball for his question on Singtel performance shares (“Singtel performance shares: What’s the moratorium”, BT, June 26). Singtel’s long-term incentive scheme is a reward system designed to align executive performance
      154 words
    • Article, Illustration
      Lock icon Building a smarter Singapore
      1397 11 On this small island, smart city technology can make a great difference to key areas such as water and energy efficiency TOWARDS A SMART NATION About 50 kilometres north-east of Tokyo, a city of the future is developing. It is not the kind of futuristic city
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      182 6 •SL; IR Sg cp S W tfe fe 2 0 15 Fi/fiRECnm Global Forum OPPORTUNITIES AMIDST CHINA'S REBALANCING if T 1 WwfetLIUfT 20 21 JULY SHANGRI-LA HOTEL, SINGAPORE Gain an insider's perspective of China's latest developments at the sixth edition of FutureChina Global Forum through interactive plenary and panel discussions
      182 words
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      745 7 AccountServe A Stone Forest Company Globally Connected RSM International Stressed Over Annual with ACRA and IRAS f Get quick and reliable help today! One stop convenience with customised solutions Team of professionals with over 25 years of experience www.AccountServe.com.sg info@accountserve.com.sg T +65 6222 6868 SCAN JOIN www .sg50singalong.sg Ml 5?
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      1608 10 ADVERTISING Robust Internal Controls Matter FEATURE protiviti I Bisk Business ConsuWn*. presented by: COSO ACADEMY Singapore accountancy commission lA The Institute of internal Auditors Singapore By SIDNEY LIM UANTCHERN LOH Many companies in Singapore do not currently follow any specific internal control or risk management framework, and unlike countries like
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      157 11 SOCIAL INNOVATION IS A LEGACY FOR FUTURE GENERATIONS Imagine if our kids and their kids could wake up to a better world. Where energy is cleaner and fresh water always plentiful. Where traffic jams are rare and everyone has access to the individual healthcare they deserve. At Hitachi, we believe
      157 words
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  • REAL ESTATE
    • Article
      Lock icon All 10 Confirmed List industrial sites on 20-year lease
      1111 12  -  MTI says this is to lower upfront costs for industrialists and to provide more options and affordable spaces By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore THE government has placed only 20-year leasehold land parcels on its confirmed list of industrial sites for
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    • Article, Illustration
      Lock icon Australia tightens rules on foreign ownership of farmland
      231 12 Move is to strengthen oversight amid fears of loss of control of food security Sydney AUSTRALIA tightened rules on Monday requiring overseas investors to declare holdings of agricultural land in order to strengthen oversight, amid concerns that Australia is losing control of
      231 words
    • Article
      Lock icon UK mortgage approvals unexpectedly fall in May
      200 12 BLOOMBERG London UK mortgage approvals unexpectedly fell in May following a surge in April to their highest level in more than a year. Approvals dropped to 64,434 from a downwardly revised 67,580, the Bank of England (BOE) said in London on Monday. Economists
      BLOOMBERG  -  200 words
    • Article
      Lock icon Shoebox units lead non-landed home price slide in May
      454 14  -  Prices of completed non-landed private homes in S’pore fell 0.6% in May from April, NUS index shows By lynkhoo@sph.com.sg Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore Singapore PRICES of completed non-landed private homes in Singapore fell 0.6 per cent in May from April,
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    • Article, Illustration
      Lock icon Hidden risks rise for China developers’ bonds
      673 14 This year five firms have loosened or are trying to relax financing limits BLOOMBERG Hong Kong CHINA’S developers are scrapping safeguards written into their bonds, sparking concern that they are attempting to hide rising debt loads after a landmark default. Five developers this
      BLOOMBERG; PHOTO: BLOOMBERG  -  673 words
  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      253 12 PARKLANE SHOPPING MALL PRIME SHOP UNITS Total 33 shop units on basement level Total strata area 25,317 sq ft 100% tenanted offering immediate rental income Option to acquire entire portfolio or Lot 1, 2 or 3 Lot 1 Lot 2 Lot 3 3 adjoining units Total strata 3,886 sf Approved
      253 words
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      185 12 Hong Fok Group GCB for Sale GALLOP PARK Land area approx. 27,491 sq ft Elevated with inground pool Quiet cul-de-sac; MRT Near to Botanic Gardens For further information, please call Carin Puah CEA Reg No: R*****3B 6494 3890 Jones Lang LaSalle Property Consultants Pte Ltd CEA Licence No. L*****26E www.jll.com.sg
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      89 12 TENDER SALE Benoi Place JTC detached factory (B2) Approx 117,227 ft² 81,352 ft² Lease expiry 31 Dec 2026 Fitted office ample carparks Near Joo Koon MRT Closing date: 16 July 2015, Thur 3pm For further information and viewings, please call: *****866 Mok Sze Sze (CEAReg. No. R*****7H) Jones Lang LaSalle
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      202 12 Expressions Of Interest Quick Sale Amber Road Katong’s exclusive address Land area 22,791 sq ft; Freehold Zoned'Residential'at GPR 2.8 Approx. 150 m to future Amber MRT station Single seller; Vacant possession upon completion Potential for 80 apts of average 70 sq m Closing: 28 July 2015 (Tue), 2.30pm For further
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      308 14 ma npoWi °Ost o p 1 o er Lianne Zaobao Business Seminar 4 July 2015 (Saturday) 2pm to 5pm This seminar is conducted in Chinese Lifelong Learning lnstitute@WDA, Lecture Theatre, Level 2 (3 min walk from Raya Lebar MRT) 11 Eunos Road 8, Singapore *****1 ol techno' s0 \ut\ 0
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Europe banks lose 40b euros in value as Greece shuts lenders
      561 16 Stoxx 600 Banks Index down as much as 4.4%, the biggest intraday decline since November 2011 BLOOMBERG Milan EUROPEAN banks slumped the most since 2011, erasing more than 40 billion euros (S$60 billion) in market value, after Greece imposed
      BLOOMBERG; PHOTO: BLOOMBERG  -  561 words
    • Article
      Lock icon Europe back in vogue in ‘Golden Age’ of M&A
      593 16 BLOOMBERG London EUROPE is back in fashion as the destination of choice for foreign buyers. The volume of deals involving a European target reached US$ 134.2 billion in the first half of the year, up 5 7 per cent from a
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      Lock icon Citi appoints new Asia-Pac head of consumer banking
      273 16  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore FINANCIAL services company Citi has appointed Anand Selvakesari as its Asia-Pacific head of consumer banking, effective from July 1. He will be replacing Jonathan Larsen, who has held the position since 2009. Mr Larsen will
      273 words
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      388 16 HK* Preserving Health and Longevity HEART, STROKE CANCER CENTRE Let us help you live a longer life Hassle Free Download our mobile APR “SHSCC” for further information. (Available on the App Store Google play) Comprehensive Heart Screening Package S$500* Blood Test CT Coronary Angiogram OR Treadmill Electrocardiogram (ECG) Echocardiogram (LV)
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      183 16 Discover Proven Strategies to Increase Your Income Boost your Net Worth and Finally Win the ‘Game of Money’ If you’ve had enough being stuck in a financial rut, then it’s time to equip yourself with the skills and abilities to win the game of money once and for all. At
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      16 16 EDITOR'S CHOICE We bring you three top stories in full at businesstimes.com.sg every day thebusinesstimes btbreakingnews
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon When the rare earth castle came crashing down
      930 17 Molycorp, which last week filed for bankruptcy, is a bet gone awry as reports of scarcity proved unfounded BLOOMBERG New York IN late 2010, two questions were on the minds of many commodities investors: What are rare earths? And where could they
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    • Article
      Lock icon Gold fever sweeps north Niger, bringing change to towns
      645 17 AFP Agadez, Niger AT least 100 men sleep on mats at the bus station in Agadez. They are gold panners, heading for the far north of Niger or returning as gold fever sweeps the country. Some say that a banal incident
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      103 17 <d:CALLING FUTURE LEADERS, TODAY TEAM LEADER NEXT WEEK GLOBAL LEADER jy EXECUTIVE EDUCATION Sometimes a small difference makes all the difference. With our Executive Education programmes, a few days away from the office could prepare you for a much bigger role when you return. Take note of these four upcoming
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      132 17 Energy Conservation Act LAM’S Mandatory Energy Labelling Scheme (MELS) Minimum Energy Performance Standards (MEPS) Who are affected? Importers, manufacturers, distributors, retailers, contractors and others who supply lamps in Singapore. Etfectwe W* 1 AJOW® 15 What types of lamps will be covered? MELS MEPS will cover the following lamps*: What must
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      3891 18 NOTICE OF ANNUAL GENERAL MEETING (Company Registration No. *****0057Z) (Incorporated In The Republic of Singapore) NOTICE IS HEREBY GIVEN that the Annual General Meeting of MTQ Corporation Limited (“the Company”) will be held at Carlton Hotel, Empress Ballroom 4, Level 2, 76 Bras Basah Road, Singapore *****8 on Friday, 31
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      1589 18 Notice of Appointment of a Liquidator under Section 204 of the BVI Business Companies Act. EMINENT GRACE LTD (In Voluntary Liquidation) Company No. *****92 NOTICE is hereby given pursuant to Section 204, subsection 1(b) of the BVI Business Companies Act, 2004 that the Company is in voluntary liquidation. The voluntary
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon China techies evolve from hackers to gatekeepers
      660 19 REUTERS Beijing CHINA, long accused by the United States of rampant cyber aggression, may be synonymous with hacking exploits these days, but that doesn’t mean that every Chinese hacker is out to pilfer and destroy. As Chinese companies grapple with a sharp increase
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    • Article
      Lock icon Crowdfunding platform raises S$660,000 for Mezzo Interiors
      652 19  -  Amount raised by New Union said to be one of the biggest raised by an SME on a crowdlending platform in Singapore By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore HOMEGROWN debt-based crowdfunding platform New Union on Monday said it has raised S$ 660,000 for
      652 words
  • Page 19 Advertisements
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      58 19 ALSO AVAILABLE IN i7 VPRO ALSO AVAILABLE IN i7 VPRO Ultrabook, Celeron, Celeron Inside, Core Inside, Intel, Intel Logo, Intel Atom, Intel Atom Inside, Intel Core, Intel Inside, Intel Inside Logo, Intel vPro, Itanium, Itanium Inside, Pentium, Pentium Inside, vPro Inside, Xeon, Xeon Phi, and Xeon Inside are trademarks of
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  • CONSUMER
    • Article, Illustration
      Lock icon Small India drugmakers struggle to meet US rules
      634 20 They are under pressure to consider branching out to new, less-profitable markets or sell out to larger rivals REUTERS Mumbai INDIA’S smaller generic drugmakers, struggling to cope with a bruised reputation and tougher regulation in the United States, are under pressure to
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    • Article
      Lock icon Amazon extends loans to sellers in China and 7 other countries
      769 20 REUTERS Chicago AMAZON.COM Inc will launch its business loan programme for small sellers later this year in eight more countries including China, where credit is becoming a key factor in competing for new vendors and grabbing market share. Until
      REUTERS  -  769 words
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      166 20 ST JOBS CAREER DEVEL0PMENT20' s in daily °Ud l dchy °*AU, Z3 Z2 Z1 iff VI If INTRODUCE YOURSELF SKNOW YOURSELF DO-IT YOURSELF Resume Clinic/ Consultation El Metaphysics Geomancy Update Upload Resumes Psychometric Test Z4 IMPROVE YOURSELF PRESENT Aft YOURSELF A Makeover Photoshoot TIME 10am 7pm Seminars Career Coaching DAY
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  • TRANSPORT
    • Article
      Lock icon How Uber is being ripped off in China
      928 21 Fraudsters take advantage of the US car-booking company which is spending millions on free rides and driver bonuses, hoping to market Uber services to customers BLOOMBERG Beijing JAMES Li was unhappy with his pay as a security guard in Shanghai, so he
      BLOOMBERG  -  928 words
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      Lock icon Short-sellers target AirAsia amid questions over accounting
      390 21 REUTERS Singapore SHORT-SELLERS are targeting AirAsia Bhd amid accounting worries at Asia’s biggest budget carrier, with its shares among the most borrowed securities in South-east Asia in recent weeks, data shows. Loaned stock for Malaysia’s AirAsia rose to a high of 47 million
      REUTERS; PHOTO: BLOOMBERG  -  390 words
    • Article
      Lock icon Asiana faces new class action suit from passengers in 2013 US crash
      239 21 REUTERS Seoul SOUTH Korea’s Asiana Airlines Inc is facing a new class action suit from passengers on a plane that crashed in San Francisco in 2013 that seeks a combined US$30 million in damages, a lawyer for the
      REUTERS  -  239 words
  • Page 21 Advertisements
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      406 21 Organised by: Conference Connection COURSE MARITIME www.cconnection.org/BunkerDisputes The Highly Successful Annual Course on Bunker Disputes Bunker Management The 25 th 26 th Revised Edition A Comprehensive 3-day Course Providing Successful Strategies for Handling BUNKERING DISPUTES MANAGEMENT SYSTEMS COURSE DIRECTOR: WILLIAM TAN Vice President, Miyabi Industries Pte Ltd Singapore* 8-10 July
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      131 21 The SME Magazine coming to you with your copy of The Business Times tomorrow! IN THIS ISSUE THE LAY OF THE LAND: Find out why despite the wide range of options, SMEs may still find it a challenge to hunt for the right space GETTING PERSONAL: How Bynd Artisan upped
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon China’s Li pledges to hold on to eurozone debt
      532 22 China also signs deals with Belgium worth more than 18 billion euros ahead of China-EU summit in Brussels REUTERS Beijing CHINA promised the European Union on Monday that it would hold on to its eurozone debt, Chinese state media reported, saying
      REUTERS  -  532 words
    • Article, Illustration
      Lock icon Anger grows among US federal employees over data breach
      839 22 WP Washington NOW that Congress has completed its cross-examination of Katherine Archuleta, at least for the moment, she’ll have more time to figure out what happened during the massive theft of federal employee records. After four congressional hearings, including three last
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    • Article
      Lock icon Extreme volatility becoming the norm in China market
      793 22 BLOOMBERG New York IT looks like the price chart of an over-the-counter penny stock: dizzying gains, abrupt U-turns, harrowing declines. But this is no obscure security from the rough-and-tum-ble fringes of Wall Street. It’s China’s Shanghai Composite Index, the yardstick for an
      BLOOMBERG  -  793 words
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      Lock icon Pending sales of existing homes climb to nine-year high in May
      776 24 Employment growth, pick-up in incomes and relatively low borrowing costs are helping to lure buyers LATEST US DATA BLOOMBERG Washington CONTRACTS to purchase previously owned US homes rose in May to a nine-year high, indicating recent strength in the
      BLOOMBERG; PHOTO: BLOOMBERG  -  776 words
    • Article, Illustration
      Lock icon Secrecy over choosing of Fed bank chiefs spurs calls for transparency
      971 24 BLOOMBERG Washington THE Federal Reserve Bank of Dallas is looking for a new president. Its board of directors hasn’t said who’s being considered or interviewed, or even if it’s close to making a decision. There has been no direct
      BLOOMBERG  -  971 words
    • Article
      Lock icon China plans to allow pension fund to invest in stock markets
      376 24 BLOOMBERG Beijing CHINA will allow its basic endowment pension fund to invest in stock markets, according to draft regulations posted on the Ministry of Finance’s website. The fund also will be allowed to invest in domestic bonds, stock funds,
      BLOOMBERG  -  376 words
    • Article, Illustration
      Lock icon Political fallout from security laws seen as threat to Abenomics
      885 25  -  Tokyo financial markets are also rocked by prospect of Greek debt default and exit from eurozone By Anthony Rowley btworld@sph.com.sg Tokyo FEARS that Japanese Prime Minister Shinzo Abe’s government could become involved in a major political crisis over controversial proposals
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    • Article
      Lock icon Shenzhen-HK equities connection awaits Chinese cabinet nod
      290 25 Project, which complements HK-Shanghai link, has been dogged by technical problems REUTERS Hong Kong THE launch of a scheme that will connect the stock markets in Hong Kong and Shenzhen is awaiting approval from the State Council, China’s cabinet, according to a senior
      REUTERS  -  290 words
    • Article
      Lock icon Self-radicalised Singaporean teenager placed on restriction order
      346 25  -  By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore A 17-year-old Singaporean arrested under the Internal Security Act (ISA) in May has been released from custody following investigations, and placed on a restriction order (RO) under the ISA. The order will run for two years from
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  • Page 22 Advertisements
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      54 22 HOT PROPERTY NEW TUAS RAMP-UP, size 46k to 140k sf, ceiling hgt 8m, raised docks, ready Sep. COMPLIMENTARY FORKLIFT 20,000SF (GFA)/31,000sf (Land). Dual entrance with loading bays. SELF STORAGE Ubi. Suits individual commercial use. Various sizes. Long/ short term. WAREHOUSES FOR RENT Check out these properties and more in The
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      75 22 The first real estate and urban build conference in Myanmar m m^anmar Incorporating: Myanmar retail^ Urban and City Planning Conference 2015 Real Estate Show Myanmar 2015 3 5 August 2015 Yangon, Myanmar i m Your gateway to trends and investment opportunities in Myanmar's real estate For sponsorship opportunities, contact Jason
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      53 22 4*fr-€WL TO boost manpower 4 July 2015 (Saturday) 2pm to 5pm TTi/s seminar is conducted in Chinese Lifelong Learning lnstitute@WDA, Lecture Theatre, Level 2 (3-min walk from Paya Lebar MRT) 11 Eunos Road 8, Singapore *****1 Registration fee: $10 nett (including refreshments and goodie bag) Register online: pbp.sph.com.sg/zbbiz For enquiries,
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      123 23 Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices TENDER NOTICE Land Bank of Taiwan, Singapore Branch Land Bank of Taiwan, Singapore Branch invites tenders from Certified Public Accounting firms for being in compliant with the requirements of revised MAS
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      3170 23 WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED (Incorporated in Bermuda with limited liability) (Hong Kong stock code: 854) (Singapore stock code: W12) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Willas-Array Electronics (Holdings) Limited (the “Company”) will be held on Thursday, July 30, 2015 at 9:30
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      161 24 The Business Times Ik I 1 I /"I I 1 Toll free 1800-289-8822 I I Email notices;asph.com.sg J j j l m www.sphclass.com.sg/notices In the Matter of The Companies Act, Cap. 50 And In the Matter of CAPITALAND ILEC PTE. LTD. (In Members’ Voluntary Liquidation) (Co. Reg. No. *****1358Z) NOTICE
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      167 24 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF CAKRA MANUNGGAL SEMESTA PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG.NO. *****2077W NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the
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      104 24 THE BVI BUSINESS COMPANIES ACT, 2004 First World Insignia Pte. Ltd. Company No. *****04 (the "Company") a BVI Business Company NOTICE OF LIQUIDATOR'S APPOINTMENT NOTICE IS HEREBY GIVEN pursuant to section 204 (1) (b) of the BVl Business Companies Act, 2004 that Chong Weiyi of 1 Raffles Place, #28-02 Tower
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      155 24 IN THE MATTER OF COMPANIES ACT, CAP. 50 AND IN THE MATTER OF JAPAN INTERNET TECHNOLOGIES PTE. LTD. REG. NO. *****7250M (In Members’ Voluntary Liquidation) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that the Final General Meeting of
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      167 24 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF PACIFIC IV PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****9628N NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the
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      151 24 In the Matter of The Companies Act, Cap. 50 And In the Matter of (1) PMCL PTE LTD (In Members’ Voluntary Liquidation) (Co. Reg. No.*****4042G) (2) RUTILE PTE LTD (In Members’ Voluntary Liquidation) (Co. Reg. No. *****0662N) NOTICE OF FINAL GENERAL MEETINGS NOTICE IS HEREBY GIVEN that pursuant to Section
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      141 24 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF SIPOWER PTE LTD (In Creditors’ Voluntary Liquidation) Reg. No. *****5064C NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the Company and
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      169 24 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices In the Matter of The Companies Act, Cap. 50 And In the Matter of (1) UBI DEVELOPMENT PTE LTD (In Members’ Voluntary Liquidation) (Co. Reg. No. *****4350C) (2) MAGNETITE PTE LTD (In Members’
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      1703 25 OLS ENTERPRISE LTD. (Incorporated in the Republic of Singapore) (Reg. No. *****0320E) NOTICE IS HEREBY GIVEN that the Annual General Meeting of OLS ENTERPRISE LTD. (the “Company”) will be held at YMCA one orchard, One Orchard Road, Singapore *****4, on Wednesday, 15 July 2015 at 3 p.m., for the purpose
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  • OPINION
    • Article
      Lock icon Abe should heed calls for restraint on Japan’s ‘selfdefence’ strategy
      549 26 THE so-called “China threat” is uppermost in people’s minds nowadays and so a joint Japan-Philippine military exercise in the South China Sea conducted recently with China clearly in mind attracted wide publicity while“ an-ti-war” demonstrations in Japan received little attention.
      549 words
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      Lock icon Are we heading into the next financial crisis?
      801 26  -  TTTHE BOTTOM LINE By Robert Samuelson THE WASHINGTON POST WRITERS GROUP A CENTRAL economic question of our time is whether the policies undertaken to recover from the last financial crisis are laying the groundwork for the next. We now have two reports
      THE WASHINGTON POST WRITERS GROUP  -  801 words
    • Article, Illustration
      Lock icon Eurozone and Greece at historical crossroads
      1173 26  -  While Grexit may still not be inevitable, the prospects are growing and the endgame may now be triggered by Greece’s July 5 referendum. BY ANDREW HAMMOND referendum.BY ANDREW HAMMOND T The writer is an associate at LSE IDEAS (the Centre for International Affairs, Diplomacy
      PHOTO: AFP  -  1,173 words
    • Article
      Lock icon Life after Grexit: Referendum opens path to freedom
      1022 27  -  COMMENTARY By Meghnad Desai T The writer is emeritus professor at the London School of Economics and Political Science and chairman of the advisory board of the Official Monetary Financial Institutions Forum (OMFIF). AS AN American politician said, “It’s déjà vu all
      1,022 words
    • Article, Illustration
      Lock icon Why Greece called for a referendum
      2804 27  -  The idea that a government would consult its people on a problematic proposal was treated often with disdain.BY disdain.BY YANIS VAROUFAKIS The following was posted by the writer the Greek finance minister on his blog, following the meeting of the Eurogroup on June 27.
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    983 28 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
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  • Page 28 Advertisements
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      181 28 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES Shipping times Experienced shf p maintenance services wanted. Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 Highlight Your Company Anniversary <
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Valuing obscene wealth for its abundant humour
      1056 29  -  Kevin Kwan follows up Crazy Rich Asians with China Rich Girlfriend filled with more laughable new-money specimens By Janet Maslin New York KEVIN Kwan’s brand of giddy wealth porn arrived in 2013 with Crazy Rich Asians, not a moment too soon to rescue
      THE BUSINESS TIMES FILE PHOTO  -  1,056 words
    • Article, Illustration
      Lock icon Neil Young hits out at Monsanto, Walmart
      693 29 AFP New York MELLOWING at nearly 70, Neil Young has taken up his electric guitar for a frontal assault on the power of big corporations including Monsanto and Walmart. While the Canadian folk rock giant has long been known for left-of-cent-er politics, the
      AFP; PHOTO: AFP  -  693 words
    • Article
      Lock icon ISIS has new cash cow: peddling its art loot on eBay, Facebook
      920 29 BLOOMBERG New York THE Whatsapp message appeared on his iPhone: photos of an ancient Mesopotamian vase worth US$250,000, part of a highly-valued set, is waiting to be extracted. The recipient, Amr Al Azm, replied that he was interested.
      BLOOMBERG  -  920 words
  • Page 29 Miscellaneous
    • Miscellaneous
      Lock icon Page 29 Miscellaneous Column 1
      357 29 CRYPTIC CROSSWORD Across 1 Quote work both contrary and lyrical (6) 5 Sweet Delia ultimately did wrong stuffing prune (4,4) 9 Exercising swallows at flying display (10) 10 Stack endless bricks (4) 11 V&A library originally next to foyer —a blissful spot (8) 12 Spooner’s brown horse passed resting place
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  • SME
    • Article, Illustration
      Lock icon Recipe for surviving the F&B industry
      1240 30  -  To PappaRich, Singapore was the most challenging market.BY VIVIEN SHIAO SHUFEN market.BY VIVIEN SHIAO SHUFEN vshiao@sph.com.sg @VivienShiaoBT SINGAPORE’S food and beverage industry might be a vibrant and thriving scene, but it is also famously fickle and competitive. New restaurants pop up every other week
      PHOTO: ARTHUR LEE  -  1,240 words
    • Article, Illustration
      Lock icon Grow big without growing dumb
      1386 30  -  COMMENTARY By Stefano Augello T The writer is chief strategy officer SEA, for Havas Worldwide SOMEONE said there’s only one plot in fiction: “Who am I?” The drama unfolds when the protagonist takes new actions to meet new challenges, but in doing so changes so
      PHOTO: BLOOMBERG  -  1,386 words