The Business Times, 9 April 2016

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Microfilm: NL33828
Total Pages: 40
1 32 The Business Times
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      71 1 THE BUSINESS TIMES WEEKEND APRIL 9-10 2016 BT Living ENTER THE ATHLETICA First there was Fashionista, then Recessionista. Now say hello to the Athletica, as workout meets wardrobe L2-3 DINING Up close with chef Jerome Bocuse L4-5 DINING Chocolate scales a new high L6-8 PHOTO: EDUARDO MUNOZ REUTERS DESIGN Muji
      71 words
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  • BT Living
    • STYLE
      • Article, Illustration
        Lock icon FROM WORKOUT TO WARDROBE
        1470 2 / 3  -  First came the Fashionista, then the Recessionista, and now hello Athletica. The athleisure movement is helping cityslickers achieve their personal best not just on the tracks, but in the office, the mall and even in clubs. By May Yip By May Yip ACTIVEWEAR as daywear is
        PHOTOS: REUTERS; PHOTOS: ASICS; PHOTOS: SEEK  -  1,470 words
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  • DINING
    • Article, Illustration
      Lock icon Art of classical French
      899 4 / 5  -  Bocuse d’Or brings its Asia-Pacific leg to Singapore next week. Jerome Bocuse son of legendary chef Paul Bocuse who created this high-stakes cooking competition talks about living up to the family name. By Rachel Loi By Rachel Loi JEROME Bocuse can still recall the day the
      899 words
    • Article, Illustration
      Lock icon Pushing the creative envelope
      956 4 / 5  -  By Rachel Loi rachloi@sph.com.sg @RachelLoiBT FOR the first time in its almost 30-year history, world chef championship Bocuse d’Or founded in 1987 by French culinary icon Paul Bocuse will be holding its Asia-Pacific Selection here in Singapore. Next week, nine teams from different countries including Singapore,
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    • Article, Illustration
      Lock icon Mad about chocolate
      1276 6 / 7  -  In a market dominated by foreign brands that cater to the masses, a growing number of chocolatiers are creating a niche for their artisanal products. By Tan Teck Heng, Rachel Loi thtan@sph.com.sg rachloi@sph.com.sg @RachelLoiBT LIM Jialiang of Demochoco is a small-batch chocolatier. That means he hand mixes
      1,276 words
    • Article, Illustration
      Lock icon Wonderful whirl of chocs
      603 8  -  Where to go for a little sweet indulgence. By Tan Teck Heng, Rachel Loi thtan@sph.com.sg rachloi@sph.com.sg @RachelLoiBT Demochoco Z9683 2136 www.demochoco.com OFF-THE-SHELF ingredients are just too mainstream for this hipster chocolatier; Lim Jialiang recently travelled to Marukyo-koyamaen’s plant in Kyoto for green tea to use in
      PHOTO: YEN MENG JIIN  -  603 words
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  • DESIGN
    • Article, Illustration
      Lock icon BUILDING THE NO-BRAND BRAND
      753 9  -  Muji, which is synonymous with functional, pared-down design, is ramping up its repertoire with plans for its own hotel and even a Muji car. By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT I F all goes to plan, fans of Muji could be staying in a Muji hotel
      PHOTOS: MUJI, FILE  -  753 words
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  • SHOPPING
    • Article, Illustration
      Lock icon HOME IMPROVEMENT
      1495 10 / 11  -  Home decor gets all the more fun with innovative gadgets and eye-catching styles out in stores now. By Tay Suan Chiang taysc@sph.com.sg @T aySuanChiangBT Weber Q2200 Gas Grill S$949 Available from Weber Original Store Grill Academy, 463 Joo Chiat Road SO you have a sous vide machine, a
      PHOTOS: WEBER, AIRWEAVE, HANSGROHE, GAZE, SPACE, ROYAL SELANGOR, KNOLL, RALPH LAUREN, LEMA, TAY SUAN CHIANG  -  1,495 words
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  • HOME & GARDEN
    • Article, Illustration
      Lock icon Cool sanctuary
      972 12 / 13  -  Expatriate Mitsuya Nakata’s flat in Beach Road has lots in common with his old apartment in Tokyo. personal space By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT WHEN Japanese expatriate Mitsuya Nakata was looking for an apartment in Singapore, he wanted it to be as similar to his previous home
      PHOTOS: YEN MENG JIIN  -  972 words
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  • MOTORING
    • Article, Illustration
      Lock icon SUPER SPANISH
      321 14  -  Lamborghini Singapore’s Melvin Goh is launching the S$4 million GTA Spano. By Samuel Ee samuelee@sph.com.sg YET another super sports car will zip into Melvin Goh's showroom but this one is slightly different it has a massive 8.0-li-tre engine. Mr Goh is the managing director of EuroSports Auto and
      321 words
    • Article, Illustration
      Lock icon INTO THE SUN
      256 14  -  By Samuel Ee THE new Mini Convertible is being launched this weekend and it is bigger and better. he only premium open-air model in its segment also has improved interior packaging, resulting in an additional 40 mm of rear knee space. At the back, there is also
      256 words
    • Article, Illustration
      Lock icon WILD CHILD
      690 15  -  The ‘baby’ McLaren 570S is an engagingly entertaining drive. By Samuel Ee samuelee@sph.com.sg SOME people may think all McLaren road cars look alike but go beyond the cursory glance at the new McLaren 570S Sports Series model and you will see that it is actually very different from
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  • GOLF
    • Article, Illustration
      Lock icon Pattaya’s scenic stunners
      904 16  -  A look at some of the must-play courses in the region, many of which have been designed by top golf-course architects. By Justine Moss WITH close to 30 golf courses spread out on the eastern seaboard of Thailand, the areas of Chonburi and Pattaya have long been
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  • TOP STORIES
    • Article, Illustration
      Lock icon CONTENTS
      51 2 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 Consumer 20 Transport 21 Govt Economy 22-25 Opinion 26-27 Wealth 28-30 Life Culture 31 LIVING Style L2-3 Dining L4-8 Design L9 Shopping L10-11 Home&Garden L12-13 Motoring L14-15 Golf
      51 words
    • Article, Illustration
      Lock icon PSLE T-score to make way for scoring bands in 2021
      681 2  -  Collective paradigm shift needed to prepare children for the future, says Ng Chee Meng SINGAPORE BUDGET 2016 By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore IT is time for Singapore’s education system to undergo a “paradigm shift” away from an overemphasis on
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    • Article
      Lock icon MARKETS
      136 2 HSTI 2,808.32 (-5.27) HSTI FUTURES 2,781.00 (-6.00) HSIMSCI 316.39 (-0.49) HSIMSCI FUTURES 313.40 (-0.05) STOCKS Friday Change KL COMP 1,718.40 -5.89 NIKKEI 225 15,821.52 +71.68 HANG SENG 20,370.40 +104.35 SET 1,369.64 +12.95 JAKARTA 4,846.70 -20.58 MANILA 7,247.20 +14.23 KOSPI 1,972.05 -1.84 SHENZHEN B 1,134.41 -9.00 MUMBAI 24,673.84 -11.58 Noon
      136 words
    • Article, Illustration
      Lock icon I am so going to figure out how to game the new PSLE rules
      808 2  -  SATURDAY SOAPBOX Kenneth Lim kenlim@sph.com.sg @KennethLimBT Correspondent LET’S be realistic. If there’s a route for parents to guarantee their kids a spot in the school of their choice, that route will be gamed. Changing the Primary
      808 words
    • Article, Illustration
      Lock icon Re-employment age rises to 67 from July 2017
      331 3  -  Government pledges to continue supporting employers who re-hire above-65s voluntarily SINGAPORE BUDGET 2016 By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore COME July 1, 2017, the re-em-ployment age will be raised from 65 to 67. At the same time, the law supporting a
      331 words
    • Article
      Lock icon More help for laid-off workers
      765 3  -  By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore THREE existing schemes Career Support Programme, Professional Conversion Programme, and P-Max have been boosted under an “Adapt and Grow” initiative to help local workers made redundant by the current economic slowdown and restructuring. The help to be given
      765 words
    • Article
      Lock icon ‘Good response’ to SkillsFuture Credit in Q1
      484 3  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore ABOUT 18,000 Singaporeans have already used their SkillsFuture credits to attend various courses in the first three months of this year, with the government having disbursed around S$5.2 million. Giving this update in Parliament on Friday, Acting
      484 words
    • Article, Illustration
      Lock icon Property agents who broker short-term stays playing with fire
      896 4  -  CEA warns them against being middlemen for leases of under 6 months in residential properties RENTAL RUMBLINGS By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore AS hard times hit real-estate agents, some are starting to refer customers to accommodation operators or owners of
      896 words
    • Article, Illustration
      Lock icon Some condos being run as serviced apartments
      751 5  -  Three, approved for residential use, ‘don’t have planning permission to be serviced apartments’ RENTAL RUMBLINGS By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore AT least two projects nestled in a mature residential precinct in District 9 near Somerset are being run as serviced apartments despite
      PHOTOS: YEN MENG JIIN  -  751 words
    • Article
      Lock icon SMW 2016 a platform for green, digital shipping
      741 6  -  Events expanded to 31 from 15 to tackle emerging issues in the industry By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore MARITIME players are seeking platforms to communicate and collaborate on the development and adoption of digital technologies and new regulations that can
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    • Article
      Lock icon Govt committed to helping SMEs, says Heng Swee Keat
      234 6  -  By Renald Yeo yrenald@sph.com.sg Singapore THE government is committed to helping small and medi-um-sized enterprises (SMEs) automate, innovate and internationalise, Finance Minister Heng Swee Keat said on Friday. SMEs should make the best use of the schemes available, he said, citing
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    • Article
      Lock icon Lee Suet-Fern conferred Chambers lifetime award
      404 6  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore FOR the first time, the prestigious Lifetime Achievement Award at the 2016 Chambers Asia-Pacific Awards went to a woman lawyer. Lee Suet-Fern, managing partner of Morgan Lewis Stamford, was conferred the award for her significant contribution to the
      404 words
    • Article, Illustration
      Lock icon Becoming a leader for the first time
      918 7  -  So your hard work has paid off and you’ve got promoted to management. What’s next? CUBICLE FILES By Vivien Shiao Shufen vshiao@sph.com.sg @VivienShiaoBT IT’S time to pop the champagne and celebrate you got promoted to head a team. But even before the bubbles
      LUDWIG ILIO  -  918 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      684 7 BIOSENSORS INVESTMENT (SINGAPORE) PTE. LTD. (Incorporated in the Republic of Singapore) UEN/Company Registration No.: *****9974W Notice to holders of the outstanding S$300,000,000 4.875 per cent. Notes due 2017 (ISIN: SG6Y*****338) (the “Notes”) issued by Biosensors Investment (Singapore) Pte. Ltd. (the “Company”) pursuant to its S$800,000,000 Multicurrency Medium Term Note Programme
      684 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Citi’s globalist CEO
      2916 8/9  -  Under CEO Michael Corbat’s stewardship, Citigroup has successfully weathered the 2008 crisis that brought the global banking giant to its knees, turning crisis into opportunity. By Vikram Khanna THERE are four words that Citigroup’s global CEO Michael Corbat almost always mentions when he speaks about the institution
      PHOTO: YEN MENG JIIN  -  2,916 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Keith Tay steps down as SingPost committee head
      627 10  -  He quits as chairman but remains a member of nominations panel By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore MORE top-level upheaval has rocked the board of Singapore Post, a mere day after the group announced the abrupt withdrawal of its chairman-designate without any
      627 words
    • Article
      Lock icon SMRT completes internal probe into track accident, appoints external reviewers
      236 10 Straits Times Online Singapore RAIL operator SMRT Corp has completed its internal investigations into the cause of the track accident that claimed the lives of two of its young employees on March 22. The company said on Friday that it
      Straits Times Online  -  236 words
    • Article, Illustration
      Lock icon Olam to build animal feed mills, breeding farms, hatchery in Nigeria
      405 10  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore OLAM International on Friday said it is investing US$150 million to set up “state-of-the-art” animal feed mills, poultry breeding farms and a hatchery to produce day-old chicks in Nigeria. About US$100 million has
      FILE PHOTO  -  405 words
    • Article, Illustration
      Lock icon Fed minutes, play on banks main features; STI down 10 pts for the week
      511 11  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent THIS week’s main focus was the minutes of the US Federal Reserve’s March Open Market Committee meeting, which showed that most Fed governors were against raising rates in April.
      511 words
    • Article
      Lock icon GAINERS
      75 11 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 36.5 0.2 *****/***** IS ASIA HYG US$ 1046 8.1 0.6 1130/977 Sembcorp Ind 294 7.0 2.4 488/216 IPC Corp 55.5 6.5 13.3 207/30 CityDev NCCPS 111 5.5 5.2 111.5/97.5 BY PERCENTAGE CLOSE UP 52w high/low OLS W*****5 0.2 100.0 0.1
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    • Article
      Lock icon LOSERS
      75 11 BY CENTS CLOSE DOWN 52w high/low DBXT Nifty US$ ***** -326.7 -2.1 *****/***** Hyflux 6% CPS ***** -230.0 -2.2 *****/***** JMH USD 5803 -168.8 -2.1 6300/4500 DBXT MSTHAI US$ 1753 -93.2 -3.8 2200/1419 SPDR S&P500 US$ ***** -33.8 -0.1 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low TIH W*****9 0.1
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    • Article
      Lock icon MOST ACTIVE
      34 11 VOLUME Annica 74,763,200 Ezra 62,989,400 Baker Technology 48,296,100 Cedar Strategic 46,893,100 Spackman 37,994,600 Market volume 1,335,226,000 VALUE UOB 63,728,699 DBS Grp 61,950,763 Singtel 46,641,479 OCBC Bank 45,262,498 CapitaLand 34,809,252 Market value 789,399,000
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    • Corporate digest
      • Article
        Lock icon Keppel Land
        88 11 KEPPEL Land Limited has, through its indirect subsidiary Ibeworth Pte Ltd, entered into a bond subscription agreement with Vietnamese developer Nam Long Investment Corporation (NLG). Keppel Land will subscribe for 500 billion Vietnamese dong (S$30.4 million) of convertible bonds issued by NLG. These bonds are due to mature
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      • Article
        Lock icon Sheng Siong Group
        67 11 SHENG Siong Group via its subsidiary Sheng Siong Supermarket has exercised the op- tion granted by Heartland Retail Holdings to purchase for about S$53 million the commercial premises at Bedok Town Centre that it is currently leasing from the latter. The property comprises the first and second
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      • Article
        Lock icon SIA Engineering
        49 11 SIA Engineering Company (SIAEC) has been appointed on-site support service provider for the Leap aircraft engines produced by CFM International. With the appointment, SIAEC will be able to offer on-wing maintenance services to those operating CFM’s Leap-1A and Leap 1-B nextgeneration single-aisle aircraft engines in the Asia-Pacific.
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    • Article, Illustration
      Lock icon Price and volume jump, but Baker says no new information
      293 11  -  HOT STOCK By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore A SIGNIFICANT spike in trading volume on Friday morning pushed up oil and gas counter Baker Technology by 9.7 per cent to S$0.192 a share. Some 48.3 million shares were traded, compared
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    • Article
      Lock icon STI STOCKS
      317 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 238 +3 238/234 271 209 6.1 6255.7 CapitaCom Trust 143.5 +1.5 143.5/140 177.5 122.5 6 4240.9 CapitaLand 298 cd -3 300/296 379 267 11.9 3 *****.3 CapitaMall Trust 213 +5 213/207 228
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    • Article
      Lock icon SGX ETFs Most Active
      106 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 281 217 282/279 355/254 281/282 DBXT MSRussia US$ US188 +1 75 188/185 235/129 188/189 ABF SG Bond ETF 118.3 +0.3 68 118.3/118 119/110.2 118/118.5 540 DBXT MSINDO us$ US1294 -15 32 1296/1286 1486/911 1292/1297
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      801 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Apr 4 Substantial Trans Shareholder/ Stock Date Director Ascendas Hospi Tr 07-Apr-16 Lim Neo Chian JB Foods Ltd 07-Apr-16 Goh Lee Beng OLS Enterprise 07-Apr-16 Koo Ah Seang EMS Energy 06-Apr-16 Ting Teck Jin Hotung Invest Hldgs 06-Apr-16 Tsui-Hui Huang
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 3 7 1 0 0 5 3 7 Manufacturing 42 37 27 9 6 9 51 43 36 Commerce 21 12 13 3 4 6 24 16 19 Tpt/Stor/Comms 14 13 5
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,042 3,340 16,382 48,505 732 49,237 Manufacturing 168,594 173,623 342,217 81,256 2,135 83,391 Commerce 56,924 10,403 67,327 63,041 329 63,370 Tpt/Stor/Comms 125,489 1,880 127,369 120,197 159 120,356 Finance 17,189 35 17,224 183,136 4 183,140 Construction
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Apr 8 VALUE CLOSE BT OB/OS 4.00 +166.00 BT CADI -*****.00 +35.00 BT 10-day MA -*****.00 +1.00 FTSE ST Mid Cap 683.41 +0.72 FTSE ST Small Cap 395.89 +1.74 FTSE ST All Share 689.17 -1.57 FTSE ST China Top 163.87 +0.08 FTSE ST China 194.31 -0.07 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 12 VOL CLOSE($) CHANGE Vashion 23,186.3 0.002 +0.001 +100.00 Hu An Cable 27,040.7 0.003 +0.001 +50.00 Teho Intl 32.8 0.090 -0.007 -7.22 Baker Technology 48,296.1 0.192 +0.017 +9.71 Chew's 101.6 0.265 +0.025 +10.42 SunVic Chemical 8,304.1 0.115 +0.012 +11.65 TA 103.0 0.300 +0.010 +3.45 CITYDEV NCCPS 288.0 1.110 +0.055
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    • Article
      Lock icon COMMODITY FUTURES
      193 13 Apr-7 Price Net change change Last Trade Agricultural Apr-7 CBOT Soybeans (US cents/bu) 904.50 -3.50 -0.39% 13/05/2016 CBOT Soybean Oil (US cents/lb) 34.10 -0.16 -0.47% 13/05/2016 CBOT Wheat (US cents/bu) 457.00 -6.00 -1.30% 13/05/2016 Apr-7 LIFFE Cocoa (£/tonne) 2124.00 -25.00 -1.16% 13/05/2016 LIFFE Coffee (US$/tonne) 1496.00 26.00 1.77%
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    • Article
      Lock icon PALM OIL
      60 13 Apr 8 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 16 2676.0 2647.0 2679.0 2658.0 283 3627 May 16 2692.0 2664.0 2698.0 2662.0 1354 ***** Jun 16 2700.0 2680.0 2714.0 2679.0 ***** ***** Jul 16 2689.0 2670.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      65 13 Apr 8 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.23 5-Year NX*****X 2.250 01-Jun-21 103.54 103.75 103.57 10-Year NX*****Z 2.375 01-Jun-25 104.02 104.25 104.20 15-Year NZ*****F 2.875 01-Sep-30 107.49 107.80 107.80 20-Year NZ*****V 3.375 01-Sep-33 114.49 30-Year NA*****H
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Apr 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0198 1.0206 0.7554 0.7558 Canadian dollar 1.0316 1.0323 0.7644 0.7641 Euro 1.5368 1.5378 1.1384 1.1388 NZ dollar 0.9171 0.9179 0.6793 0.6797 Sterling pound 1.9070 1.9081 1.4126 1.4130
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    • Article, Illustration
      Lock icon STOCK MARKETS
      115 13 Straits Times Index YTD change: -2.58% 52-week high: 3,539.95 on April 15,2015 52-week low: 2,532.70 on Jan 21,2016 Source: Bloomberg Hang Seng Index Source: Bloomberg YTD change: -7.05% 52-week high: 28,442.75 on April 28,2015 52-week low: 18,319.58 on Feb 12,2016 Source: Bloomberg Shanghai Stock Exchange Composite Source: Bloomberg
      Source: Bloomberg  -  115 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      208 13 Most active Apr 8 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 9.6 -0.4 ***** 0.1 1480 3 Rowsley Ltd W*****3 0.9 -0.1 7045 1 18 6 UOB MB eCW*****5 7.9 -1.2 4694 0.1 1890 3
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      377 13 In local curr In S$ In US$ dy yr dy yr dy yr Apr 7 Index Change Change Change Change Change Change World Preliminary 1227.6 -0.7 -3.9 -0.5 -6.9 -0.5 -2.3 EAFE Preliminary 912.0 -0.4 -10.0 0.1 -10.8 0.1 -6.3 Europe Preliminary 1303.1 -0.8 -7.8
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    • Article
      Lock icon Ron Sim ups offer price for OSIM to S$1.41
      377 14 The final price, two cents higher than Tuesday’s offer, is announced in consultation with takeover regulator Singapore A FINAL offer price of S$1.41 per OSIM share S$0.02 higher than the revised offer price of S$1.39 announced on Tuesday has been declared
      377 words
    • Article
      Lock icon Innovalues could be ripe for M&A: UOB Kay Hian
      424 14  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore A MERGER or acquisition could be in store for Innovalues, said brokerage UOB KayHian on Friday, after the firm said it was considering “strategic options” to enhance shareholder value. The precision component manufacturer announced on
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    • Article
      Lock icon Aramco IPO could raise US$106b for Saudi wealth fund
      225 14 Bloomberg Dubai SAUDI Arabia’s sovereign wealth fund could receive US$106 billion in cash from the sale to the public of a 5 per cent stake in oil giant Aramco’s parent company, according to the Sovereign Wealth Fund Institute (SWFI). “Suitable investors
      Bloomberg  -  225 words
    • Article
      Lock icon Pac Healthcare auditor flags going concern issue
      398 14  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore STRUGGLING medical services provider and nursing home operator Pacific Healthcare Holdings may not be a going concern, its independent auditor has warned. The auditor also said that it could not give an audit opinion on the group’s
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  • REAL ESTATE
    • Article
      Lock icon Toronto condos: one in 10 owned by foreigners
      277 15 Reuters Vancouver FOREIGNERS own one in every 10 condos built in downtown Toronto since 2010, according to a study by Canada’s national housing agency, which looked at the share of offshore ownership in condominiums across the country. The report, from the Canada
      Reuters  -  277 words
    • Article
      Lock icon Poland banks might spread out mortgage conversion costs
      286 15 Reuters Warsaw BANKS in Poland may be allowed to spread the cost of converting mortgages in foreign currencies into zlotys over several years, a spokesman for the president’s office said on Friday. Around half a million Poles took out foreign currency denominated
      Reuters  -  286 words
    • Article, Illustration
      Lock icon Shenzhen, Shanghai home sales plunge after rules tightened
      622 15 Beijing making it tougher to buy homes in the cities to prevent a property bubble Reuters Hong Kong HOME sales in the red-hot property markets of Shanghai and Shenzhen tumbled sharply in the week after the authorities made it tougher to buy
      Reuters; PHOTO: BLOOMBERG  -  622 words
    • Article
      Lock icon Househunt
      1121 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN FEB 24 AND MARCH 1, 2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LANDAREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED The Sail Marina Bay Apt 26/02/2016 99 678 1000 1475 District 2 NON-LANDED Craig Place Apt
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  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      195 15 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BESTBILT PTE. LTD. Company Registration No. *****4426E (In Members’ Voluntary Winding-Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final Meeting of the
      195 words
    • Advertisement
      Lock icon Page 15 Advertisements Column 2
      221 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TMRT PTE. LTD. (Formerly known as Tokio Marine Retakaful Pte. Ltd.) (In Member’s Voluntary Liquidation) (Company Registration No. *****2177D) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap.
      221 words
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  • BANKING & FINANCE
  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      176 17 Lianhe Zaobao Singapore Budget 2016 Business Forum POST BUDGET DIALOGUE WITH FINANCE MINISTER The inaugural Lianhe Zaobao Singapore Budget 2016 Business Forum offers you the opportunity to have a deeper grasp of Budget 2016 and its implications on the development of your business. 26 April 2016 10am to 2 pm
      176 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon China seen jolting market by paring copper stockpile
      797 18 Move could deal psychological blow to global sentiment buoyed of late by price rebound Reuters Hong Kong CHINA may be about to shock the global copper market by unleashing some of its stockpiles of the metal, which are near record highs, onto
      Reuters; PHOTO: REUTERS  -  797 words
    • Article
      Lock icon India becoming new centre of oil demand growth
      716 18 Bloomberg Singapore IN the energy world, India is becoming the new China. The world’s second-most populous nation is increasingly becoming the centre for oil demand growth as its economy expands by luring the type of manufacturing that China is trying to shun.
      Bloomberg  -  716 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Giants’ battle for Yahoo may spark antitrust concerns
      1120 19 Companies as diverse as Google, Verizon and Time Inc to join upcoming bidding war WP Washington A POTENTIAL bidding war between corporate titans is brewing over Yahoo, the troubled search engine and media company. Under a widely reported deadline next week for
      WP; PHOTO: AFP  -  1,120 words
    • Article
      Lock icon Facebook working to combat drop in personal sharing: sources
      342 19 Bloomberg San Francisco FACEBOOK Inc is working to combat a decline in people sharing original, personal content, the fuel that helps power the money machine at the heart of its social network, according to people familiar with the matter. Overall sharing
      Bloomberg  -  342 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Uniqlo a bellwether of Japan’s economy
      511 20 Company has stepped up discounts and slashed its full-year outlook for the second time this year Reuters Tokyo WHEN Japan’s cheap-and-cheer-ful clothing brand Uniqlo raised its prices in 2014, it was an endorsement of Prime Minister Shinzo Abe’s efforts to stimulate a lacklustre economy:
      Reuters; PHOTO: REUTERS  -  511 words
    • Article
      Lock icon US publishers threaten to block startup’s ‘news browser’
      504 20 AFP Washington THE largest US newspaper publishers on Thursday threatened legal action to block a California startup’s plan for a dedicated “news browser” with its own advertising. The companies joined in a letter to the startup called Brave, which announced its plan
      AFP  -  504 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon US$30b of rail projects spanning 11,000 km being built in Africa
      897 21 Railway infrastructure is vital to improve trade between African countries Bloomberg Johannesburg ON a sweltering Kenyan morning on the outskirts of a national wildlife park, Chinese and local workers manoeuvre a massive concrete rail bridge structure onto towering support
      Bloomberg; PHOTO: REUTERS  -  897 words
    • Article
      Lock icon Germany to get tough on dirty diesels by empowering city bans
      422 21 Bloomberg Berlin GERMAN towns and cities plagued by car and truck pollution will soon get the legal tools they need to ban older diesel vehicles from streets where emissions are highest. Chancellor Angela Merkel’s government will remove the legal
      Bloomberg  -  422 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon No regrets raising rates in December: Yellen
      836 22 US economy had made very substantial progress, says Fed chief NYT New York JANET Yellen, the Federal Reserve chairwoman, said that she did not regret the decision to start raising interest rates in December. “I certainly don’t regard it as a mistake,” Dr
      NYT; PHOTO: REUTERS  -  836 words
    • Article, Illustration
      Lock icon Aussie PM to lead 1,000-strong business delegation to China
      319 22 Reuters Sydney AUSTRALIAN Prime Minister Malcolm Turnbull, who last month criticised Chinese military deployments in the South China Sea, will lead 1,000 business leaders to China next week, hoping to build on a free trade agreement (FTA) between the two countries.
      Reuters  -  319 words
    • Article
      Lock icon G-20 summit should be about economics, not politics: China
      295 22 Reuters Beijing THE Group of 20 (G-20) summit to be hosted by China this year should be about economics and not political issues such as territorial disputes, China’s foreign minister said on Friday, firing a warning shot ahead of the country’s
      Reuters  -  295 words
    • Article, Illustration
      Lock icon US adds China’s Internet controls to list of trade barriers
      857 23 US says that over the last year, the “outright blocking of websites appears to have worsened” NYT Hong Kong CHINA’S notorious online controls have long been criticised as censorship by human rights groups, businesses, Chinese Internet users and others. Now,
      NYT; PHOTO: BLOOMBERG  -  857 words
    • Article, Illustration
      Lock icon Ringgit’s 2016 surge likely to slow down
      666 24 Inflows may have peaked as Malaysian risk assets are looking pricey Reuters Singapore MALAYSIA’S ringgit has done a stunning about-face this year, with surging capital inflows turning it into Asia’s best-performing currency from the region’s worst in 2015. Still, few expect the ringgit
      Reuters; PHOTO: REUTERS  -  666 words
    • Article
      Lock icon Markets starting to take threat of yen intervention seriously
      708 24  -  By Anthony Rowley btworld@sph.com.sg Tokyo A BARRAGE of warnings from senior officials led by Finance Minister Taro Aso that Japanese authorities will not stand by and watch the yen continue to surge in value gained traction on Friday, causing the currency
      708 words
    • Article, Illustration
      Lock icon To be or not to be with EU
      1054 25 Cosmopolitan London and city’s traditional fringes carry opposing views on EU membership Bloomberg London A 50-MINUTE Tube ride from central London, fishmonger Dave Crosbie is clear how he’ll vote in the June referendum on European Union membership: He wants out. Foreigners are
      Bloomberg; PHOTO: BLOOMBERG  -  1,054 words
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  • Page 23 Advertisements
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      Lock icon Page 23 Advertisements Column 1
      50 23 HOT PROPERTY SERIOUS SELLER! PRICE Right Off Harlyn Bunglw 5+1, 4517/ 5500sf. Gallery 186 Bukit Timah Rd OFF KHEAM HOCK elevated 2 sty 3400sf Semi-d. Quiet/ cul-de-sac. 3+2 Renovated. Koi pond/ outdoor patio. $Neg. LANDED PROPERTIES FOR SALE! Check out these properties and more in The Straits Times Classified now!
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      Lock icon Page 25 Advertisements Column 1
      29 25 X iS&fri I- r\ 1 sfiaR 1£3 SNIFF OUT GOOD DEALS AT AUCTIONS Check out information on auctions in The Straits Times Notices. THE STRAITS TIMES NOTICES jun 14/myj
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  • OPINION
    • Article, Illustration
      Lock icon Future of fintech: 2016 a pivotal year
      1604 26 / 27  -  Financial technology firms are not about to kill off traditional banks. But they will reshape and improve finance. By Serguei Netessine By Serguei Netessine THERE are more than 5,000 financial technology (fintech) startups in the world now. Many unicorns are emerging among them.
      PHOTO: BLOOMBERG  -  1,604 words
    • Article
      Lock icon Distressed businesses may offer opportunities for buyers
      849 26 / 27  -  By Mark Cooper ~The writer is a partner at Hogan Lovells Lee Lee SINGAPORE positions itself as a regional financial hub. However, the underlying global fundamentals are changing. The recent announcement by Moody’s that it is downgrading its rating for ingapore’s major banks
      849 words
  • Page 26 / 27 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Starting a multi-family office sprint
        1184 28 / 29  -  WMA lands first client after just 3 weeks of operations and expects more in the months ahead amid the consolidation in private banking. By Ven Sreenivasan By Ven Sreenivasan THE growing number of ultra-high net worth individuals and families in Asia has sparked demand for
        1,184 words
      • BROKER'S TAKE
        • Article
          Lock icon Innovalues Buy
          190 28 / 29 Maybank Kim Eng Research April 8 April 8 close: S$0.98 Target price: S$1.00 Innovalues’ announcement of its appointment of Rippledot likely means the strategic review is already well-ad-vanced, as it was made only after a strong stock rally. An offer is not guaranteed but Innovalues is a highly
          190 words
        • Article
          Lock icon Triyards Holdings Buy
          343 28 / 29 OCBC Investment Research April 8 April 8 close: S$0.41 Target price: S$0.61 Triyards Holdings reported a 15 per cent year-on-year rise in revenue to US$70.5 million and a 4 per cent increase in net profit to US$5.3 million in Q2 FY16, such that H1 FY16 net profit
          343 words
        • Article
          Lock icon Noble Group Neutral
          218 28 / 29  -  Compiled by Kenneth Lim Credit Suisse April 8 April 8 close: S$0.425 Target price: S$0.30 Noble Group’s CEO Yusuf Alireza presented at the Asian Investment Conference on April 6 outlining Noble’s business outlook and strategy with management focusing on: (1) having an as-set-light business model, (2) diversifying
          218 words
    • Article, Illustration
      Lock icon Hedge funds are the new venture firms
      919 30  -  Booming Silicon Valley prompts many to ditch traditional investing strategies. By Alexandra Stevenson NYT IN Silicon Valley, hedge funds with billion-dollar reserves are becoming the new venture capitalists. Tiger Global, a US$20 billion investment firm started by Chase Coleman as a hedge fund,
      NYT; PHOTO: BLOOMBERG  -  919 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Impact fund raiSE invests S$1m in Bliss
      632 31  -  Centre head tackling challenge of creating awareness of SEs in firms By Grace So graceso@sph.com.sg THE Singapore Centre for Social Enterprise (raiSE) has invested a record S$1 million in local social enterprise (SE) Bliss Group to fund its expansion plans in Singapore and
      632 words
    • Article, Illustration
      Lock icon HSBC celebrates 20 years of CSR
      402 31  -  By Renald Yeo yrenald@sph.com.sg A NIGHT of volunteer appreciation and good-na-tured competition also saw HSBC raise funds for needy and disadvantaged children on Wednesday, as the bank celebrated two decades of corporate social responsibility (CSR) in Singapore. Balancing on precariously wobbly Segway vehicles, participants
      402 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      294 31 CRYPTIC CROSSWORD Across 7 Come round admitting affair’s suggestive (8) 9 Reluctant female wearing a sack (6) 10 Mature to split with sweetheart? (4) 11 Old tackle popular with partner at first (10) 12 Cried having sharp implement stuck in bottom (6) 14 Chatted, never to hold back rivalry (8)
      294 words
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      Lock icon Page 32 Advertisements Column 1
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      40 words