The Business Times, 18 July 2015

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Microfilm: NL33560
Total Pages: 36
1 28 The Business Times
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      64 1 LivingBTTHE BUSINESS TIMES WEEKEND JULY 18 19, 2015 VIGNETTES OF A NATION Homegrown creatives bank on the catchy and unexpected to tell the Singapore story L2-4 DESIGN Communal shophouse living L10-11 DINING Multi-concept restaurants L5-7 TRAVEL Take it slow in Cairns L12-13 PHOTO: SINGAPORE SOUVENIRS DINING Health food on wheels
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  • BT Living
    • DESIGN
      • Article, Illustration
        Lock icon Vignettes of a nation
        1816 2 / 3  -  Merlion motifs and patriotic ditties aside, young homegrown creatives opt for catchy and often unexpected visual cues to tell the Singapore story this jubilee year. By May Yip By May Yip THIS year’s National Day Funpack is garnering plenty of attention, not just because every household
        PHOTOS: ONE RAFFLES PLACE, ZINKIE AW; PHOTO: NATIONAL DESIGN CENTRE; PHOTOS: SINGAPORE RIVER FESTIVAL, SINGAPORE SOUVENIRS  -  1,816 words
    • DINING
      • Article, Illustration
        Lock icon Multi-concept edge
        2522 5  -  New restaurants are offering multiple concepts to keep diners coming back for more. By Rachel Loi By Rachel Loi @RachelLoiBT rachloi@sph.com.sg True-blue Italian home cooking Bottura 3 Temasek Boulevard #02-472/473/474, Suntec City Mall Opening hours: Mon to Fri, 10am 10pm Sat, Sun, and public holidays, 11am 10pm Z6238-7527
        PHOTOS: BOTTURA; PHOTO: EAT AT SEVEN; PHOTO: PALETTE RESTAURANT & BAR; PHOTOS: HASHIDA GARO; PHOTO: SPIZZA MERCATO  -  2,522 words
      • Article
        Lock icon wine&dine
        674 6 / 7 with BTWeekend Atrium Lounge Marina Mandarin Singapore, 6 Raffles Boulevard, Level 4 Z6845-1111 50 Shades of Pink Atrium Lounge takes on 50 Shades of Pink on Sundays with pink cocktails and snacks. Gather friends, colleagues or that special someone at Atrium Lounge for stunning hues of pink. Enjoy 50
        674 words
      • Article, Illustration
        Lock icon HEALTHY MEALS ON WHEELS
        2508 8 / 9  -  Take the guesswork out of calorie counting with bento boxes packed with tasty lunch and dinner options. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT Good Food Heals http://goodfoodheals.org VALERIE TEO is a strong believer that a healthy gut equals a healthy body. She
        PHOTO: GRAIN; PHOTO: GOOD FOOD HEALS; PHOTO: LEAN BENTO; FITNESS RATION  -  2,508 words
    • DESIGN
      • Article, Illustration
        Lock icon Old charm, new era
        1240 10 / 11  -  Most Singaporeans are HDB dwellers, but the pre-war shophouse in the old neighbourhood of Katong/Joo Chiat offers an alternative type of living. By Arthur Sim By Arthur Sim THE chance to live in a pre-war shophouse set in the old neighbourhood of Katong/Joo Chiat proved too
        PHOTOS: YEN MENG JIIN  -  1,240 words
    • TRAVEL
      • Article, Illustration
        Lock icon On a slow groove in Cairns
        1267 12 / 13  -  Cairns, Australia, is famous as an adventure destination. But gentler pleasures involving food trails, hot air balloons and long beach strolls can also be had. By Helmi Yusof By Helmi Yusof helmi@sph.com.sg @HelmiBT AT 4am, we are woken up from our slumber to shower,
        PHOTOS: HELMI YUSOF; PHOTOS: TOURISM PORT DOUGLAS & DAINTREE; PHOTO: SUNLOVER CRUISES  -  1,267 words
    • MOTORING
      • Article, Illustration
        Lock icon Space wagon
        526 14  -  The Peugeot 308 SW offers more rear legroom and luggage space. By Samuel Ee samuelee@sph.com.sg TO call the Peugeot 308 SW’s direct injection petrol engine a little gem is an understatement. This three-cylinder unit displaces just 1.2 litres but is turbocharged to produce an eye-popping 230 Newton-metres of
        526 words
      • Article, Illustration
        Lock icon SPECIAL PRIVILEGE
        592 15  -  The Renault Fluence Privilege gets a diesel engine and a nicer interior. By Samuel Ee samuelee@sph.com.sg I F the latest Renault Fluence looks and feels more grown-up, it is because it is. And it has accomplished this with a smaller engine and an upgraded trim level. When the
        592 words
    • SPORTS
      • Article, Illustration
        Lock icon Behind the glitz and glamour
        1141 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent THE life of a professional wrestler isn’t always as glamorous as it may seem. Sure, there are the flashy lights at the shows, red carpet events to grace, television cameras following their every move and fans screaming
        PHOTOS: WWE, LEE U-WEN  -  1,141 words
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  • Title Section
    Lock icon Masthead
    20 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g JULY 18-19, 2015 S$1.00 MCI (P) 052/08/2014 Sffll A SINGAPORE PRESS HOLDINGS PUBLICATION
    20 words
  • Article
    Lock icon Back to the table
    34 1 SAVING GREECE GERMAN lawmakers gave their go-ahead for the eurozone to negotiate a third bailout for Greece, heeding the chancellor’s warning that the alternative to a deal was chaos. 2
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  • Article
    Lock icon Ferrari roars even louder
    29 1 SUPERCAR CRAZY THE Italian prancing horse has found 35 buyers in Singapore for the new Ferrari 488 GTB, which starts from S$995,000 without COE. 4
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  • Article
    Lock icon Keeping complacency at bay
    30 1 SINGAPORE AHEAD THE country is now at an “inflection point” and faces vastly different threats from those of half a century ago, says The Economist. 6
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  • Article
    Lock icon Samsung beats US fund
    39 1 CHAEBOL CONQUERS SAMSUNG Group prevailed in one of the most contested proxy fights South Korea has ever seen, defeating billionaire investor activist Paul Elliott Singer and underscoring the resilience of the nation’s corporate dynasties. 16
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  • Article, Illustration
    Lock icon Tie-ups changing face of legal business in S’pore
    908 1  -  Big Four accounting firms could also challenge established law firms here soon By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore AS Asia continues its rise from being a backwater to an emerging global economic power with a healthy appetite for legal advice, foreign law
    908 words
  • Article
    Lock icon China unleashes US$483b margin trader to stem stock rout
    867 1 WP Beijing CHINA has created what amounts to a state-run margin trader with US$483 billion of firepower, its latest effort to end a stockmarket rout that threatens to drag down economic growth and erode confidence in President Xi Jinping’s government. China
    WP  -  867 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon German lawmakers vote for third Greek bailout
      554 2 But almost a fifth of Merkel’s conservatives vote ‘no’ in a blow to the chancellor Reuters Berlin GERMAN lawmakers gave their go ahead on Friday for the eurozone to negotiate a third bailout for Greece, heeding a warning from Chancellor Angela Merkel that
      Reuters; PHOTO: AFP  -  554 words
    • MARKETS
      • Article
        Lock icon STOCKS
        56 2 GSTI(Thursday’s close) 3,353.45 (+14.59) GSTI FUTURES 3,341.00 (+15.00) GSIMSCI 376.40 (+2.07) GSIMSCI FUTURES 375.50 (+2.30) Friday Change KL COMP Closed NIKKEI 225 20,650.92 +50.80 HANG SENG 25,415.27 +252.49 SET 1,479.31 -1.95 JAKARTA Closed MANILA Closed KOSPI 2,076.79 -11.10 SHENZHEN B 1,306.38 +31.09 MUMBAI IND 28,463.31 +17.19 11.45am EST Change
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      • Article
        Lock icon FOREX
        52 2 (Thursday’s close)US$ (Thursday’s close)US$ S$ US$ (S$ per US$) 1.367 (US$/S$ per 1.562 2.137 EURO (US$/S$/€ 1.091 1.491 Foreign currency per US$ S$ YEN 123.90 90.60 RM 3.807 2.784 HK$ 7.751 5.668 BAHT 34.22 25.03 RUPIAH 13,345 9,759 RENMINBI 6.209 4.541 INDIAN RUPEE 63.49 46.43 A$ 1.355 0.991 NZ$
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.706 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.70 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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    • Article, Illustration
      Lock icon Just a bit of inflation will shock markets, warn analysts
      515 3 Period of low inflation have left investors complacent, economists say Bloomberg London IF inflation is the dog that did not bark in recent years despite massive central bank stimulus, a mere whine might prove enough to rattle investors. That is
      Bloomberg; PHOTO: REUTERS  -  515 words
    • Article, Illustration
      Lock icon Orders for new S$1m Ferrari come in fast
      473 4  -  By Samuel Ee samuelee@sph.com.sg Singapore SO the super sports car segment here is in the doldrums, with dealers of these million-dollar rides facing a double whammy of loan curbs and tax hikes. True? Not for Ferrari, apparently. The Italian prancing horse has
      473 words
    • Article, Illustration
      Lock icon Jurong Island’s wild side
      226 4 While most well-known for its refineries and petrochemical plants, Jurong Island has also been home to the occasional animal species −taking Singapore by surprise each time. BT takes a look at the latest updates on the sperm whale that washed up on July 10, and past
      BT Graphics: Simon Ang Photos: ST file picture  -  226 words
    • Article
      Lock icon Inflation, housing numbers bolster rate hike argument
      636 5 CPI up 0.3 per cent in June after increasing 0.4 per cent in May LATEST US DATA Reuters Bloomberg Washington US consumer prices rose for a fifth straight month in June as the cost of petrol and a range of other goods increased,
      Reuters; Bloomberg  -  636 words
    • Article
      Lock icon Singapore’s biggest danger: complacency
      676 6  -  The Economist says the country faces vastly different threats from 50 years ago By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore SINGAPORE South-east Asia’s “miracle city state” will need to change if it wants to continue to thrive in its second half-century and better tackle changing headwinds such
      676 words
    • Article, Illustration
      Lock icon RHTLaw Taylor Wessing in a hurry to grow
      650 6  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore INNOVATION and the legal practice are seldom mentioned in the same breath but for RHTLaw Taylor Wessing they are key to the group’s accelerated growth. Within five months from when the firm unveiled plans in February
      650 words
    • Article, Illustration
      Lock icon Computers don’t get the joke? Tough luck!
      933 7 Sarcasm poses a problem for data gatherers, computer algorithms in US election campaign Reuters San Francisco WHEN the US Supreme Court upheld same-sex weddings in the same week that South Carolina debated keeping a controversial Civil War battle flag, Twitter user @xTomatoez posted
      Reuters; PHOTO: REUTERS  -  933 words
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      51 2 CONTENTS LIVING Living L2-4 Dining L5-7 Shopping L8-9 Design L10-11 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-11 Real Estate 12-13 Banking Finance 14 Energy Commodities 15 Technology 16 Consumer 17 Transport 18 Govt Economy 19-21 Opinion 22-23 Wealth 24-26 Life Culture 27 Travel L12-13 Motoring L14-15 Sports
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      32 3 Credit Suisse Is your Private Banker on speaking terms with your Investment Banker? Discover how you can benefit from having Private Banking and Investment Banking integrated under one roof at credit-suisse.com/onebank V
      32 words
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      17 5 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices
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      231 5 THE SOUND VISION SPECIALIST The Headphone Bar SALE .7 Parrot 7. i Zik2.0 I •I Parrot Audeze AKG Audinst B&O Burson Westone shure Grade HiFiMAN Klipsch FiiO RHA KEF JAYS Cypher Labs Sennheiser Heir Audio WOO Audio Fischer Audio Ultimate Ears Harman Kardon Selection of over 200 models available Zikmu
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      428 6 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF FLOW SYSTEMS INTEGRATION PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) REGN NO. *****7792G At an Extraordinary General Meeting of the Members of the abovementioned Company deemed to be held at 462 Crawford Lane #02-33 Singapore *****2 on
      428 words
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      107 7 HK* HEART, STROKE CANCER CENTRE Preserving Health and Longevity 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) C Comprehensive Heart Screening Package S$500* Blood Test CT Coronary Angiogram OR Treadmill Electrocardiogram (ECG) Echocardiogram
      107 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Derisking the future
      2171 8 / 9  -  Aon Hewitt’s global CEO of consulting, Yvan Legris, is in the business of predictions predicting risks, human behaviour, organisational needs and industry shifts in human resource. By Lee Meixian By Lee Meixian leemx@sph.com.sg @LeeMeixianBT YOU can take a man out of Mauritius, but perhaps you can never
      PHOTO: SHAWN TEO  -  2,171 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon AIG’s Singapore CEO sees 3 growth drivers
      536 10  -  They are cyber, professional indemnity and homeowner insurance; poll shows only 9% of S’pore firms are covered against cyber crimes By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore BUSINESSES here may have become increasingly aware of the need to protect themselves against cyber crimes in
      536 words
    • Article
      Lock icon Genting HK sees 15-fold jump in H1 profit on accounting gains
      325 10  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore GENTING Hong Kong says it expects to post a net profit of at least US$2.1 billion for the halfyear ended June 2015 a 15-fold jump from US$142.2 million for the same half-year period
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    • Article
      Lock icon CFM unit fails to get more time from BCA to move out
      392 10  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT @AnitaGabrielBT Singapore METAL-STAMPING firm CFM Holdings has announced that its subsidiary has failed to secure more time from the Building and Construction Authority (BCA) to vacate the property where its operating facility is
      392 words
    • Article
      Lock icon COMMODITY FUTURES
      193 11 Jul-16 Price Net change change Last Trade Agricultural Jul-16 CBOT Soybeans (US cents/bu) 1019.00 -6.00 -0.59% 14/08/2015 CBOT Soybean Oil (US cents/lb) 31.46 -0.19 -0.60% 14/08/2015 CBOT Wheat (US cents/bu) 562.25 -4.50 -0.79% 14/09/2015 Jul-16 LIFFE Cocoa (£/tonne) 2194.00 -13.00 -0.59% 16/07/2015 LIFFE Coffee (US$/tonne) 1836.00 -16.00 -0.86%
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    • Article
      Lock icon PALM OIL
      57 11 Jul 16 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 15 2190.0 2189.0 2196.0 2188.0 209 7317 Sep 15 2179.0 2191.0 2198.0 2172.0 5640 ***** Oct 15 2180.0 2191.0 2199.0 2173.0 6955 ***** Nov 15 2196.0 2206.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      67 11 Jul 16 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.5 102.58 102.54 5-Year N*****0S 2.000 01-Jul-20 100.19 100.35 100.35 10-Year NX*****Z 2.375 01-Jun-25 97.72 98.10 97.85 15-Year NY*****E 2.875 01-Jul-29 99.88 100.10 100.10 20-Year NZ*****V 3.375 01-Sep-33 105.22
      67 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 11 Jul 16 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0084 1.0095 0.7376 0.7381 Canadian dollar 1.0566 1.0574 0.7731 0.7728 Euro 1.4909 1.4918 1.0905 1.0907 NZ dollar 0.8924 0.8931 0.6527 0.6530 Sterling pound 2.1358 2.1372 1.5622 1.5626
      155 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      202 11 Most active Jul 16 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left FTSEChinaA50 ***** MBeCW*****9 11.9 0.7 ***** 0.0 2 FTSEChinaA50 ***** MBeCW*****9 15.7 1.2 ***** 0.0 --2 WE Holdings Ltd W*****5 0.1 unch 5086 1 0 1 FTSEChinaA50
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 11 In local curr In S$ In US$ dy yr dy yr dy yr Jul 16 Index Change Change Change Change Change Change World Preliminary 1359.4 0.8 6.6 0.7 7.3 0.7 4.2 EAFE Preliminary 1105.0 1.0 12.0 0.7 10.0 0.8 6.7 Europe Preliminary 1541.9 1.2 11.6
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      Lock icon STOCK MARKETS
      2 11
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      95 10 NOTICES ASSETS FOR SALE The following are available for sale on an “as-is-where-is” basis:- 1 unit ICE416L Hydraulic Vibrator Hammer c/w ICE 416L vibratory hammer, and 1 unit PTC 100H Vibro hammer complete with powerpac, Type: HVC32/HVC 32 100HG-*****536 Vibrator, Model: PTC100H1, YOM: 1995 (DECHIAS). Terms and Conditions Payment by
      95 words
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  • REAL ESTATE
    • Article
      Lock icon Online sales of property takes off in India
      865 12 Developers are also using the sites to try to offload excess supply in some markets Bloomberg Mumbai MUMBAI resident Madhumita Mondal got the real estate bug earlier this year and decided to buy an apartment. She did it online. Using the e-commerce
      Bloomberg  -  865 words
    • Article
      Lock icon Slump in China equity market may hit property sector
      700 12 Bloomberg Shanghai ON June 10, as the Shanghai Composite Index was heading for a seven-year peak, Wan Xinjian borrowed the maximum that he was allowed from his brokerage to buy more stocks. As the market started to plummet on June 12,
      Bloomberg  -  700 words
    • Article
      Lock icon Househunt
      1143 13 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JUNE 3 AND JUNE 9, 2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 15 Non-landed Aalto Apt 08/06/2015 FH 1528 2460 1609 Amber Skye Apt 03/06/2015 FH 1528 2500
      1,143 words
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      220 12 AVT NATURAL PTE. LTD. (IncorporatedintheRepublicofSingapore)Company Registration No. *****4170H (INMEMBERS’VOLUNTARYWINDINGUP) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Chapter 50, that a Final Meeting of the MembersoftheabovenamedCompany willbeheldon18August2015at11.00a.m. at17PhillipStreet,#05-02GrandBuilding,Singapore *****5 for the purpose of having an account laid before the members showing the
      220 words
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  • BANKING & FINANCE
    • Article
      Lock icon GPIF can’t stem linker market’s loss
      638 14 Japan’s inflation-protected bonds slide 0.4% despite Government Pension Investment Fund buying half the market Bloomberg Tokyo THE world’s biggest pension fund has snapped up half of the market for Japan’s inflation-protected bonds. It was still not enough to stop the debt slumping towards its
      Bloomberg  -  638 words
    • Article, Illustration
      Lock icon Citigroup Q2 profit rises 18% to US$4.65b
      651 14 NYT New York CITIGROUP, the banking behemoth plagued by years of uneven performance and regulatory issues, exceeded Wall Street’s expectations for a second consecutive quarter. The bank said on Thursday that second-quarter profit increased about 18 per cent from the quarter a year
      NYT; PHOTO: BLOOMBERG  -  651 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon US emerges unscathed from Opec strategy
      784 15 Prices fall after cartel refuses to cut production, but US crude output this year will climb to 9.47 million barrels a day Bloomberg London EIGHT months into the Organization of the Petroleum Exporting Countries’ (Opec) plan to hit rival oil producers, the casualties are
      Bloomberg; PHOTO: REUTERS  -  784 words
    • Article
      Lock icon Schlumberger’s Q2 beats estimates as margins rise after job cuts
      430 15 Bloomberg Houston SCHLUMBERGER Ltd is beginning to reap some benefits from more than 20,000 job cuts announced this year to weather the oil-price crash. The world’s largest oilfield services provider earned 88 US cents a share in the second quarter,
      Bloomberg  -  430 words
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      48 15 HOT PROPERTY SELETAR CHARMING 2-STY Semi-D. Elevated. 3679/ Est 3200sf. 999 yrs. 4+Granny's +Maid's. NEW! TOH TUCK Semi-D. 2800/ 3500 sqft, lift/ pool. Mrt/park. *****000 sole agt Gallery 186 Bt Timah Road LANDED PROPERTIES FOR SALE Check out these properties and more in The Straits Times Classified now!
      48 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Samsung Group prevails in fight with US fund
      673 16 Korean conglomerate’s victory over Elliott Associates underscores resilience of country’s corporate dynasties Bloomberg Singapore SAMSUNG Group prevailed in one of the most contested proxy fights South Korea has seen, defeating billionaire investor activist Paul Elliott Singer and underscoring the resilience of the
      Bloomberg; PHOTO: BLOOMBERG  -  673 words
    • Article
      Lock icon Google’s Q2 profit tops estimates, new CFO keeps closer eye on costs
      607 16 NYT New York INVESTORS have spent the last year telling Google to stop opening its wallet so much. On Thursday, they got their wish. In the first earnings report for Ruth Porat, the chief financial officer Google lured
      NYT  -  607 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Dish Network’s talks for T-Mobile stalled: sources
      609 17 Lack of momentum calls into question future of transaction Bloomberg New York THE slow-moving Dish Network Corp talks to acquire T-Mobile US Inc from Deutsche Telekom AG have stalled over concerns related to valuation and structure, people with knowledge of the matter said.
      Bloomberg; PHOTO: AFP  -  609 words
    • Article, Illustration
      Lock icon GE offers concessions in bid for EU clearance of Alstom deal
      299 17 Reuters Brussels US conglomerate General Electric (GE) has offered concessions in an attempt to counter European Union (EU) regulatory concerns about its 12.4-billion-euro (S$18.4 billion) bid for French peer Alstom’s power unit, its biggest ever acquisition. The company submitted
      Reuters; PHOTO: REUTERS  -  299 words
    • Article
      Lock icon Marks & Spencer’s clothing boss John Dixon quits
      278 17 Marks Spencer’s clothing boss John Dixon quits Bloomberg London MARKS Spencer Group Plc said its clothing head John Dixon is leaving the UK retailer, ending a career that began on the shop floor almost 30 years ago. “I now have the opportunity to become a chief executive and have therefore
      Bloomberg  -  278 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon Uber invasion in NYC killing loan market for taxis
      870 18 New York Community Bancorp has put its taxi-loan portfolio up for sale, for instance WP New York CABBIES aren’t the only ones feeling the heat from Uber Technologies Inc’s incursion into New York City. Their lenders are, too. Taxi companies typically
      WP; PHOTO: REUTERS  -  870 words
    • Article
      Lock icon Blast at US airparts maker may hit Boeing, Airbus production
      478 18 Reuters Paris A POWERFUL blast at a Zodiac Aerospace factory in Washington state made some portions of the building unsafe to enter, raising concerns that the assembly of Boeing and Airbus aircraft could be affected. Boeing and Airbus said on
      Reuters  -  478 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Post-sanctions Iran offers rewards, risks
      611 19 Plenty of buzz following historic nuclear deal but analysts say Islamic republic is no El Dorado for foreign firms AFP Teheran FOREIGN firms are eager to exploit the potential of Iran’s long-isolated economy following a landmark nuclear deal, but experts say doing business in the
      AFP  -  611 words
    • Article, Illustration
      Lock icon Wan Li, who revamped farming in China, dies
      802 19 NYT Hong Kong WAN Li, the Communist Party leader who helped end the failed Mao-era policy of collective farming, which had left rural Chinese in desperate poverty, died on Wednesday in Beijing. He was 98. His death was reported by the Chinese
      NYT  -  802 words
    • Article
      Lock icon Japan reshuffles items in CPI basket as population ages
      200 19 Reuters Tokyo JAPAN is conducting a reshuffle of goods in its consumer price index basket that will ditch items on the kids’ menu in exchange for hearing aids to reflect changes in consumer spending caused by its rapidly ageing population. The
      Reuters  -  200 words
    • Article
      Lock icon Modi shelves land bill after first direct blow to his economic reforms
      703 20 Indian government to turn attention to other issues in Parliament, may ask individual states to pass similar laws instead Reuters New Delhi IN the first direct blow to his ambitious economic reform agenda, Indian Prime Minister Narendra Modi’s
      Reuters  -  703 words
    • Article, Illustration
      Lock icon China has world’s safest equity market, says HKEx CEO
      606 20 Bloomberg Hong Kong HONG Kong Exchanges Clearing Ltd chief executive officer Charles Li called China the world’s “safest” stock market, seeking to allay investor concerns over government intervention and surging volatility. The nation’s market structure gives government-run entities such as exchanges,
      Bloomberg; PHOTO: REUTERS  -  606 words
    • Article, Illustration
      Lock icon Japan to scrap plans for Olympic stadium
      606 21 Sky-rocketing costs for centrepiece of Tokyo 2020 Games had sparked outrage; new arrangements to be made soon Reuters Tokyo JAPANESE Prime Minister Shinzo Abe announced on Friday the scrapping of a plan for a controversial national stadium, the centrepiece of the Tokyo 2020
      Reuters; PHOTO: REUTERS  -  606 words
    • Article
      Lock icon Dubai, Turkey stocks surge on Iran nuclear deal
      516 21 WP London EMERGING-MARKET stocks from Dubai to Turkey best-positioned to profit from an end to sanctions on Iran surged after Teheran concluded a nuclear deal with world powers. Dubai’s DP World Ltd, which operates the Persian Gulf’s biggest port, rose the most
      WP  -  516 words
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      41 21 Now that I have a driving licence, I can start looking around for my own set of wheels! To find that dream car, checkout Class 302 to 358 in Print Classified. Call Print Classified at Hotline: 1800-289-9988 to place your advertisement.
      41 words
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  • OPINION
    • Article, Illustration
      Lock icon The Elephant and Dragon move ahead
      1012 22 / 23  -  China is strengthening its transport infrastructure and linking them to new cities, while India is building 100 new smart cities. By Frank-Jürgen Richter By Frank-Jürgen Richter ~The writer is founder and chairman of Horasis, a global visions community WE love imagery for instance, there
      PHOTO: BLOOMBERG  -  1,012 words
    • Article
      Lock icon Interconnected world’s reality: trust no one – and everyone
      935 22 / 23  - Interconnected world’s reality: trust no one and everyone By By Mark Jansen and Clementine Bartlett ~The writers are leader and manager respectively of third party trust at PwC Singapore RECENTLY, there has been an awakening. People and organisations are starting to grasp that we are intrinsically connected to everyone and
      935 words
  • Page 22 / 23 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Spanish museums invite blind to touch works
      761 27 Feeling copies of masterpieces gives visually challenged a chance to create a mental image AFP Madrid STAFF at the Prado, Spain’s top art museum, usually prevent visitors from touching its priceless treasures. But on a recent morning, with their blessing, Jose Pedro Gonzalez,
      AFP; PHOTO: AFP  -  761 words
    • Article
      Lock icon HK trade blamed for killing of elephants
      271 27 AFP Nairobi RAMPANT illegal trading in ivory in Hong Kong is pushing elephants towards extinction, conservationists said on Thursday, reporting more ivory items on sale there than in any other city. The sale of ivory items from government-registered stockpiles predating the 1990 ban
      AFP  -  271 words
  • Page 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 1
      350 27 CRYPTIC CROSSWORD Across 5 For instance, going about a quiet walk in a showy way (6) 8 Rosy is sober having downed half of stout (8) 9 Chorale needs arrangement that’s extremely infectious (7) 10 Celebrate making it out of Essex to Lancashire (5) 11 Ideas came free in places
      350 words
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