The Business Times, 16 April 2016

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Total Pages: 40
1 32 The Business Times
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      56 1 BT LivingTHE BUSINESS TIMES WEEKEND APRIL 16-17, 2016 LEAN, MEAN F&B MACHINES Restaurateurs tackle challenges amid an uncertain economy L2-3 TRAVEL Swiss bliss L10-11 DINING S$50 dinner deals L4-7 STYLE Brewing beauty L8-9 PHOTO: LABYRINTH HEALTH Advantages of a coronary CT scan L13 MOTORING Audi A6 Avant L14 SPORTS As
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  • Living
    • DINING
      • Article, Illustration
        Lock icon Lean, mean F&B machines
        2357 2 / 3  -  Restaurateurs tackle challenges amid an uncertain economy in their own unique creative ways, while awaiting the return of boom times. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT rachloi@sph.com.sg @RachelLoiBT thtan@sph.com.sg avantin@sph.com.sg IS it your imagination, or is your favourite restaurant looking a little
        PHOTOS: FILE, SAINT PIERRE, ILLIDO, THE DISGRUNTLED CHEF, SGX, LABYRINTH  -  2,357 words
      • Article, Illustration
        Lock icon S$50 DINNER DEALS
        4134 4 / 5  -  Is the slowing economy condemning you to a life of cafe dining? Don’t fret. BT Weekend scours the city for proof that it’s still possible for two people to get a three-course dinner at a mid-range to upscale restaurant for S$50 nett each. Check out our top
        4,134 words
    • STYLE
      • Article, Illustration
        Lock icon BREWING BEAUTY
        1012 8 / 9  -  More than just a drink, tea is now infused into products that one can spritz or slather on. By May By May Yip TEA lovers, listen up. You can do a lot more with your favourite brew than just drink it. You can spritz or slather on some
        PHOTO: JO MALONE  -  1,012 words
      • Article, Illustration
        Lock icon Beyonce jumps on athleisure bandwagon
        944 12  -  But success is not guaranteed, and Queen Bey has to struggle to prevent Ivy Park from joining the dead or dying celebrity brands. By Kim Bhasin By Kim Bhasin Bloomberg New York IVY Park, a new fashion line from Beyonce Knowles, seems to have everything
        Bloomberg; PHOTO: REUTERS  -  944 words
    • TRAVEL
      • Article, Illustration
        Lock icon Swiss bliss
        1337 10 / 11  -  From its snow-capped mountains to its picturesque towns, Switzerland offers no shortage of culture or nature for holidaymakers. By Rachel Loi By Rachel Loi rachloi@sph.com.sg @RachelLoiBT WHAT is life if not for the occasional moments that make you stop and say that was just magic. For a holidaymaker
        ALL PHOTOS: RACHEL LOI  -  1,337 words
    • HEALTH
      • Article, Illustration
        Lock icon Advantages of a coronary CT scan
        1532 13  -  This non-invasive test for detection of heart artery disease has virtually 100 per cent accuracy Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is a professor at Fudan University, Shanghai and vice-president of both the World Chinese
        FILE PHOTO  -  1,532 words
    • MOTORING
      • Article, Illustration
        Lock icon Alternative lifestyle
        595 14  -  The Audi A6 Avant combines both estate functionality and distinctive style. By Samuel Ee samuelee@sph.com.sg AUDI has made the estate stylish and none more so than the latest A6 Avant. The estate model is a standard offering in the Audi line-up, unlike some competitors who bring in a
        595 words
      • Article, Illustration
        Lock icon VARIABLE SPACE
        544 15  -  The Volkswagen Golf Variant offers a lot of extra space for just slightly more car. By Samuel Ee samuelee@sph.com.sg WHEN it comes to urban transportation, the compact five-door hatchback has to be one of the most versatile models for its excellent combination of manoeuvrability and a relatively roomy
        544 words
    • Article, Illustration
      Lock icon As Bryant departs, Curry steps up
      912 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent THE state of California was the place to be on Wednesday evening for basketball fans. Two famous arenas one in Los Angeles, the other in Oakland were about to witness history in the making. The final
      PHOTOS: AFP, REUTERS/USA TODAY SPORTS  -  912 words
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      30 13 This series is brought to you by Heart, Stroke and Cancer Centre. It is produced on alternate Saturdays. ~To read more of Dr Lim’s previous health-related articles, visit: http://www.btinvest.com.sg/ specials/shscc
      30 words
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  • Title Section
    Lock icon Masthead
    20 1 weekend THE BUSINESS TIMES www.b sinesstime .com.sg APRIL 16-17, 2016 S$1.20| MCI (P) 040/08/2015 Sfh A SINGAPORE PRESS HOLDINGS PUBLICATION
    20 words
  • Article
    Lock icon US unveils new drilling rules
    37 1 OIL GAS THE Obama administration has unveiled regulations on offshore drilling aimed at preventing the kind of equipment failures that caused the disastrous 2010 oil spill in the Gulf of Mexico. 18
    37 words
  • Article
    Lock icon S’pore tourism regains some shine in 2016
    744 1  -  STB tie-up with online travel services like Alitrip helped to boost Chinese arrivals, lifting overall Jan-Feb numbers by 12.3% By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore AFTER an uninspiring year in 2015, Singapore’s tourism industry started 2016 on a better note as arrivals rose
    744 words
  • Article
    Lock icon China cracks down on e-shopping
    36 1 ONLINE SHOPPING A CRACKDOWN on China’s booming cross-border online shopping trade has created commercial panic and prompted local consumers to seek ways to skirt the increased tariffs and stricter rules. 20
    36 words
  • Article
    Lock icon Indonesia to use new benchmark
    31 1 BANKING INDONESIA will use the seven-day reverse repurchase rate as its benchmark policy rate, starting Aug 19, in a bid to better guide market rates. 23
    31 words
  • Article, Illustration
    Lock icon Cortina opens S-E Asia’s biggest Patek Philippe boutique
    738 1  -  By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore THE current downturn in the luxury watch business is not stopping Cortina Watch from pressing on with its expansion plans. Last week, Singapore’s second-biggest watch retail chain officially opened South-east Asia’s biggest Patek Philippe boutique
    738 words
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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 Rugby Sevens 17 Energy Commodities 18 Technology 19 Consumer 20 Transport 21 Govt Economy 22-25 Opinion 26-27 Wealth 28-30 Life Culture 31 LIVING Dining L2-7 Style L8-9 Travel L10-11 Shopping L12 Health L13 Motoring L14-15 Sports
      51 words
    • Article
      Lock icon MARKETS
      135 2 GSTI 2,923.94 (+10.01) GSTI FUTURES 2,903.00 (+18.00) GSIMSCI 329.74 (+1.35) GSIMSCI FUTURES 327.80 (+2.10) STOCKS Friday Change KL COMP 1,727.99 +4.21 NIKKEI 225 16,848.03 -63.02 HANG SENG 21,316.47 -21.34 SET Closed JAKARTA 4,823.57 +8.72 MANILA 7,321.30 -35.98 KOSPI 2,014.71 -1.22 SHENZHEN B 1,152.55 +0.32 MUMBAI 25,626.75 +481.16 11.45 EDT
      135 words
    • Article
      Lock icon Two successful launches help revive new-home sales in March
      690 2  -  Developers sell 843 private homes last month compared to 303 in February; number of units launched also more than triples: URA By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE successful launch of two condominium projects in March has lent a boost to
      690 words
    • Article
      Lock icon Not a happy Chinese New Year for Singapore retailers in February
      634 3  -  Excluding motor vehicles, total retail sales dropped 9.6% By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore CHINESE New Year was not enough to lift retail sales in February this year, prompting some economists to declare that consumption in Singapore is already
      634 words
    • Article
      Lock icon No guarantee of oil deal at Doha talks
      629 4 Analysts divided on expected outcome, citing doubts over whether Iran will join any accord added.AFP Kuwait City MAJOR oil producers will meet this weekend to try and negotiate an output freeze to drain crude oversupply and boost prices, but doubts remain over
      added.AFP  -  629 words
    • Article, Illustration
      Lock icon Singapore can help with restoring of peatland: Indonesian official
      541 4  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore THE head of Indonesia’s new Peatland Restoration Agency has suggested that Singapore companies can lend a hand in the agency’s work by investing in agriculture suited for such lands and creating a market for these
      PHOTO: LIM YAOHUI/THE STRAITS TIMES  -  541 words
    • Article
      Lock icon Civil society also ‘critical’ in fight against haze: Masagos
      381 4  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore THE civil society has a key role to play in the fight against the smoky haze that chokes this region from time to time, said Minister for the Environment and Water Resources Masagos Zulkifli on
      381 words
    • Article, Illustration
      Lock icon March data suggests China’s economy may be stabilising
      700 5  -  Q1 growth slows to 6.7% but industrial output, retail sales and exports rose in March By Virginie Mangin btworld@sph.com.sg Beijing GROWTH of China’s economy continued to slow in the first quarter but picked up in March, the National Bureau of Statistics said
      PHOTO: BLOOMBERG  -  700 words
    • Article
      Lock icon GIC in tie-up to develop logistics assets in Indonesia
      428 5  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore SINGAPORE’S sovereign wealth fund GIC has made its first foray into Indonesia’s logistics sector through a partnership with that country’s publicly listed logistics developer PT Mega Manunggal Property Tbk (MMP). Under the partnership deal, they
      428 words
    • Article
      Lock icon Large donation to Najib was ‘genuine’, says Saudi Arabia
      672 6 Saudi Foreign Minister Adel Al-Jubeir said nothing was expected in return for the money Bloomberg, AFP Kuala Lumpur SAUDI Arabia said a large donation to Malaysian Prime Minister Najib Razak was “genuine”, providing some clarity on the source of the funds
      Bloomberg,; AFP  -  672 words
    • Article, Illustration
      Lock icon Six new corporate partners on board for OCBC Cycle 2016
      576 6  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore SIX more companies, including Millennium Hotels and Resorts, have joined the country’s largest cycling event as corporate partners. This takes the total number of firms on board to 21 for this year’s OCBC Cycle,
      576 words
    • Article, Illustration
      Lock icon An investor gripes about the Annual Giam-siap Meeting
      853 7  -  It doesn’t cost that much to cater to your investors be it in running webcasts, providing transcripts or hard-copy annual reports SATURDAY SOAPBOX Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Correspondent THE annual general meeting (AGM) season is upon us again. And as if the
      LUDWIG ILIO  -  853 words
    • Article, Illustration
      Lock icon President Tony Tan gives his assent to Supply Bill
      441 7  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THIS year’s Budget is a “responsible, prudent and balanced” one, said President Tony Tan Keng Yam on Friday after he gave his assent to the Supply Bill. This Bill, which was passed in Parliament on
      PHOTO: DR TAN’S FACEBOOK PAGE  -  441 words
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      41 5 ONG RADIO Live the Ultimate.™ Smart home controls Private home theaters r Superlative audio systems i—< Multi-zone AV systems 176 Orchard Road.The Centrepoint 03-41 Singapore *****3 Tel: 65-*****138 URLongradio.com Mon Wed 12 7pm Thu Sat 12 8pm Sun PH By appointment
      41 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Education as a unifying force
      2341 8/9  -  Bulgarian economist and academic Ilian Mihov, the first Insead dean to be based in Asia, explains how the global business school is helping to build a thriving learning and research community. By Lee U-Wen By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT ILIAN Mihov was just a teenager
      PHOTO: LAURA NG  -  2,341 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Stake contributions help lift CCT’s Q1 DPU
      597 10  -  Trust still looking for tenant for CapitaGreen’s top floor By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore A MAIDEN contribution from its stake in CapitaGreen and a higher one from its stake in Raffles City Singapore gave a boost to distributions for CapitaLand Commercial Trust
      597 words
    • Corporate digest
      • Article
        Lock icon CapitaLand Mall Trust
        203 10 CAPITALAND Mall Trust posted a distributable income of S$96.7 million for the first quarter ended March 31, up 4.2 per cent from a year ago. This translates into a distribution per unit of 2.73 Singapore cents, 1.9 per cent higher than the 2.68 Singapore cents for Q1
        203 words
      • Article
        Lock icon Olam International
        95 10 MITSUBISHI Corp and Olam International on Friday announced a 70-30 joint venture in japan, named MC Agri Alliance (MCAA). The venture, which will start operations on Oct 1, will import and distribute coffee, cocoa, sesame, edible nuts, spices, vegetable ingredients and tomato products in the Japanese market. “The
        95 words
      • Article
        Lock icon CMT
        66 10 FUNAN DigitaLife Mall will close on July 1 for redevelopment into an integrated mall roughly the size of Ion Orchard. CapitaLand, the parent of its owner CapitaLand Mall Trust, said the revamp will take three years. About 388,000 sq ft would be added to the mall’s current gross floor
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    • Article
      Lock icon Ezra awash in red with S$249m Q2 loss
      611 10  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore OFFSHORE services provider Ezra Holdings will be divesting its stake in a floating vessel by June as it looks to streamline its businesses amid “significant challenges” seen in the global oil-and-gas industry. The company announced in
      611 words
    • Article, Illustration
      Lock icon STI in the black after week of wild fluctuations
      533 11  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent A LARGE, short-cover-ing bounce on Wednesday that was triggered by China reporting better-than-expected exports for March was followed by a surprise announcement by the Monetary Authority of Singapore which essentially made for a weaker
      533 words
    • Article
      Lock icon Private bank investors warmly receive Frasers Centrepoint bond
      297 11  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore PRIVATE bank investors rushed for Frasers Centrepoint’s 10-year bond on Thursday even as interest rates rose, following the central bank’s depreciation move. Frasers Centrepoint Ltd (FCL) raised S$250 million in 10-year, 4.25 per cent bonds
      297 words
    • Article
      Lock icon GAINERS
      76 11 BY CENTS CLOSE UP 52w high/low SPDR DJIA US$ ***** 255.4 1.1 *****/***** SPDR S&P500 US$ ***** 119.6 0.4 *****/***** IS MS INDIA S$D 922 30.0 3.4 1100/807 DBXT China50 US$ 2898 20.4 0.5 4258/2355 DBXT MSTaiwan US$ 2012 20.4 0.8 2392/1667 BY PERCENTAGE CLOSE UP 52w high/low CPH
      76 words
    • Article
      Lock icon LOSERS
      71 11 BY CENTS CLOSE DOWN 52w high/low Lyxor Indonesia US$ 7969 -149.4 -1.4 8804/6250 GLD US$ ***** -131.8 -0.8 *****/***** Hyflux 6% CPS ***** -20.0 -0.2 *****/***** L-Jacoberg 36.5 -13.5 -27.0 95/30 HongkongLand USD 630 -12.2 -1.4 880/555 BY PERCENTAGE CLOSE DOWN 52w high/low Blumont 0.1 -50.0 -0.1 1.4/0.1 CN*****MBeCW*****8
      71 words
    • Article
      Lock icon MOST ACTIVE
      34 11 VOLUME Ezra 74,604,200 Annica 62,500,000 Yuuzoo 37,069,300 Equation 28,351,600 Magnus Energy 27,049,500 Market volume 1,215,076,000 VALUE Singtel 55,300,224 OCBC Bank 52,428,729 DBS Grp 47,641,913 UOB 42,701,775 Ascendas Reit 41,652,907 Market value 853,200,000
      34 words
    • Article
      Lock icon Linc enters voluntary administration
      398 11  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE prolonged slump in crude oil prices could claim another scalp. Mainboard-listed oil and gas exploration firm Linc Energy has entered into voluntary administration, a process analogous to judicial management, it said on Friday. Its directors have appointed Stephen Longley,
      398 words
    • Article
      Lock icon STI STOCKS
      318 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 252 +5 253/248 271 209 5.8 6623.7 CapitaCom Trust 143 +1 143.5/141.5 176.5 122.5 6 4226.1 CapitaLand 313 cd unch 316/311 379 267 12.5 2.9 *****.4 CapitaMall Trust 217 +3 218/214 228
      318 words
    • Article
      Lock icon SGX ETFs Most Active
      109 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 293 +2 522 293/291 355/254 293/294 DBXT MSBrazil US$ US315 +2 162 316/312 399/190 315/316 IS MS INDIA US$ US679 +4 86 679/675 800/575 678/679 84.9 Nikko AM STI ETF 298 38 299/297 361/259
      109 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      784 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Apr 11 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Hotung Investment 14-Apr-16 Tsui-Hui Huang *Buy 12 1.56 ***** 21.46 ***** 21.48 Magnus Energy 14-Apr-16 Value Capital
      784 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 3 7 0 1 0 5 4 7 Manufacturing 34 36 31 11 5 10 45 41 41 Commerce 17 19 12 5 4 4 22 23 16 Tpt/Stor/Comms 11 15 7
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 12 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,440 1,540 19,980 57,623 330 57,952 Manufacturing 104,481 104,390 208,871 90,767 1,217 91,984 Commerce 50,343 22,979 73,322 62,055 685 62,740 Tpt/Stor/Comms 141,089 260 141,349 129,691 22 129,713 Finance 16,588 71 16,659 150,814 9 150,823 Construction
      121 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Apr 15 VALUE CLOSE BT OB/OS 158.00 +83.00 BT CADI -*****.00 +14.00 BT 10-day MA -*****.00 +15.00 FTSE ST Mid Cap 696.10 +2.55 FTSE ST Small Cap 400.71 -0.10 FTSE ST All Share 712.52 +1.86 FTSE ST China Top 168.69 +0.68 FTSE ST China 200.30 -0.60 FTSE
      77 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      72 12 VOL CLOSE($) CHANGE AEI 0.1 0.670 -0.010 -1.47 Hiap Tong 0.067 Union Steel 10.4 0.420 -0.010 -2.33 Fuji Offset 0.260 Pan Ocean 4.690 China Great Land 20.0 0.012 -0.001 -7.69 EuroSports Gbl 2.0 0.180 TPV Tech 16.0 0.174 +0.017 +10.83 UOA 12.0 0.480 -0.010 -2.04 TSH 406.1 0.118
      72 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      116 13 Straits Times Index Source: Bloomberg YTD change: +1.43% 52-week high: 3,539.95 on April 15,2015 52-week low: 2,532.70 on Jan 21,2016 Source: Bloomberg Hang Seng Index Source: Bloomberg YTD change: -2.73% 52-week high: 28,442.75 on April 28,2015 52-week low: 18,319.58 on Feb 12,2016 Source: Bloomberg Shanghai Stock Exchange Composite
      Source: Bloomberg  -  116 words
    • Article
      Lock icon COMMODITY FUTURES
      193 13 Apr-14 Price Net change change Last Trade Agricultural Apr-14 CBOT Soybeans (US cents/bu) 948.00 -7.75 -0.81% 13/05/2016 CBOT Soybean Oil (US cents/lb) 33.69 -0.27 -0.80% 13/05/2016 CBOT Wheat (US cents/bu) 459.75 -1.75 -0.38% 13/05/2016 Apr-14 LIFFE Cocoa (£/tonne) 2197.00 32.00 1.48% 13/05/2016 LIFFE Coffee (US$/tonne) 1523.00 8.00 0.53%
      193 words
    • Article
      Lock icon PALM OIL
      57 13 Apr 15 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 16 2640.0 2638.0 2640.0 2640.0 11 1594 May 16 2629.0 2627.0 2630.0 2604.0 1826 ***** Jun 16 2648.0 2643.0 2653.0 2621.0 ***** ***** Jul 16 2649.0 2641.0
      57 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      65 13 Apr 15 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 98.99 99.00 98.92 5-Year NX*****X 2.250 01-Jun-21 102.99 103.05 103.05 10-Year NX*****Z 2.375 01-Jun-25 103.24 103.35 102.90 15-Year NZ*****F 2.875 01-Sep-30 106.46 20-Year NZ*****V 3.375 01-Sep-33 113.58 30-Year NA*****H
      65 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Apr 15 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0482 1.0490 0.7715 0.7717 Canadian dollar 1.0599 1.0609 0.7805 0.7802 Euro 1.5292 1.5306 1.1256 1.1260 NZ dollar 0.9387 0.9397 0.6909 0.6913 Sterling pound 1.9228 1.9244 1.4153 1.4157
      155 words
    • 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 14 Index Change Change Change Change Change Change World Preliminary 1265.2 0.5 -1.0 1.2 -3.3 0.4 0.6 EAFE Preliminary 959.2 1.1 -5.4 1.8 -5.7 1.0 -1.9 Europe Preliminary 1362.4 0.4 -3.6
      377 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      212 13 Most active Apr 15 Prem Expiry Last Vol Conv Exer Disc Gear- Mths Company Sale +or-('000) Ratio Price ing Left DBS MB eCW*****5 6.2 0.2 4289 0.1 1600 3 OCBC Bk MB eCW*****3 7.8 0.1 3393 0.1 900 6 UOB MB eCW*****4 7.2 -0.2 3150 0.1
      212 words
    • Article, Illustration
      Lock icon Midas CEO comfortable with acquisition target’s profit goal
      682 14  -  Shareholders to vote on acquiring aluminium company Dalian Huicheng on April 29 By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore TRAIN car body maker Midas Holdings’ CEO Patrick Chew is “comfortable” with the profit target of 80 million yuan (S$16.8 million) for Dalian Huicheng,
      FILE PHOTO  -  682 words
    • Article
      Lock icon Ron Sim’s S$1.39 a share offer ‘fair and reasonable’
      234 14  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore OSIM International’s founder Ron Sim’s S$1.39 a share ex-divi-dend offer to privatise his company is “fair and reasonable”, said independent financial adviser PwC in a circular to shareholders on Friday night. PwC noted that among
      234 words
    • Article
      Lock icon Ascott Reit posts 1.1% rise in Q1 distributable income; DPU dips
      475 14  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore ASCOTT Residence Trust (Ascott Reit) on Friday posted, for the first quarter of 2016, 1.1 per cent year-on-year rise in distributable income to S$27.3 million and a distribution per unit (DPU) of 1.75
      475 words
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  • REAL ESTATE
    • Article
      Lock icon Investors spooked by ‘overvalued’ properties
      487 15  -  Perception shared by high percentage of millennials and those aged 40-75 in survey By Renald Yeo yrenald@sph.com.sg A PERCEIVED inflation of Singapore property prices is deterring high-net worth investors here, according to findings from a survey commissioned by Legg Mason Global Asset Management (LMGAM) on
      487 words
    • Article, Illustration
      Lock icon Tax benefits of US homeownership no longer a draw for buyers
      432 15 said.Bloomberg Boston THE tax benefits of homeownership, which generations of US residents have counted on, have been elusive for typical buyers since mortgage rates started tumbling in 2008, according to an analysis by John Burns Real Estate Consulting LLC.
      said.Bloomberg; PHOTO: BLOOMBERG  -  432 words
    • Article
      Lock icon Asia’s richest man building Chicago’s priciest penthouse
      455 15 buyer.”Bloomberg New York WHEN the 95-storey Vista Tower is completed in 2020, it will be the third-tallest building in Chicago, and at its very top will be a 7,000-square-foot duplex penthouse, currently offered for US$17.1 million. If it sells, the penthouse would just
      buyer.”Bloomberg  -  455 words
    • Article
      Lock icon Househunt
      1175 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN MARCH 2 AND MARCH 8, 2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LANDAREA*(SQ FT) PRICE (S$’000) PSF (S$) District 4 NON-LANDED The Interlace Apt 03/03/2016 99 1593 1900 1193 The Oceanfront Sentosa Cove Apt 02/03/2016 99 1647
      1,175 words
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  • FOCUS
    • Article, Illustration
      Lock icon Chowdown before touchdown!
      245 17 BT Infographics RUGBY SEVENS SINGAPORE is the eighth stop of this season's HSBC World Rugby Sevens Series, joining Vancouver, Sydney, Cape Town and Paris as the new host cities on the ten-leg series. This weekend, more than 30,000 rugby fans are expected to pack the National Stadium
      Source: Pan Pacific Singapore; BT Graphics: Dania Amiril, Andrea Lee  -  245 words
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  • ENERGY & COMMODITIES
    • Article
      Lock icon US unveils new offshore O&G drilling rules
      663 18 They aim to tighten safety requirements on underwater drilling gear and well-control ops backup failure.NYT Washington THE Obama administration on Thursday unveiled a final set of regulations on offshore oil and gas (O&G) drilling that are aimed at preventing the kind of equipment
      backup failure.NYT  -  663 words
    • Article, Illustration
      Lock icon Steel exporters underprice products as pressure mounts
      729 18 same.Reuters Manila AS the world reels from a flood of cheap Chinese steel, other countries including Japan and South Korea are selling products overseas at prices as much as a third lower than in their home markets, according to industry data and officials.
      same.Reuters; PHOTO: REUTERS  -  729 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Yahoo’s suitors uncover few financial details
      1346 19 But sources say several big companies are expected to place bids for tech firm anyway NYT San Francisco AS Yahoo prepares to accept first-round bids for its core Internet business on Monday, potential buyers have found themselves facing one big problem: How do you
      NYT  -  1,346 words
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  • CONSUMER
    • Article, Illustration
      Lock icon China crackdown on cross-border online shopping creates panic
      842 20 Stricter rules lead to some products being pulled off shelves said.Reuters Shanghai/Beijing A CRACKDOWN on China’s booming cross-border online shopping trade has created commercial panic and prompted local consumers to seek ways to skirt the increased tariffs and stricter rules that have
      said.Reuters; PHOTO: BLOOMBERG  -  842 words
    • Article
      Lock icon NYT investing US$50m in global digital expansion
      393 20 quarter.AFP New York THE New York Times announced plans on Thursday to invest US$50 million into efforts to boost digital readership and revenue outside the US. The prestigious US daily said it was creating a new “international digital growth team” to help promote
      quarter.AFP  -  393 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon VW’s star hire risks ‘lame-duck’ status
      772 21 Efforts to placate workers could undermine Herbert Diess; labour leader says he has lost trust in management development.”Bloomberg Frankfurt VOLKSWAGEN AG’s efforts to placate unsettled workers risk undermining Herbert Diess, the executive appointed last year to overhaul the carmaker’s namesake brand. In an agreement
      development.”Bloomberg; PHOTO: BLOOMBERG  -  772 words
    • Article
      Lock icon COE supply for May-July to rise by 15%
      325 21 three months. Straits Times Online Singapore THERE will be more certificates of entitlement (COEs) in the coming months which should, in turn, drive prices further south. The Land Transport Authority announced on Friday that there will be on average 9,634 COEs a
      three months. Straits Times Online  -  325 words
    • Article
      Lock icon Bombardier close to clinching largest C Series order: source
      223 21 month.Bloomberg Atlanta BOMBARDIER Inc is nearing an agreement to sell as many as 75 C Series jetliners to Delta Air Lines Inc, a person familiar with the talks said, a deal that would be the largest to date for its struggling
      month.Bloomberg  -  223 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Yen stabilises as report forecasts big depreciation of renminbi
      703 22  -  Currency market turmoil expected to figure in communique issued by the G-20 leaders By Anthony Rowley btworld@sph.com.sg Tokyo SIGNS that the yen’s ascent may have topped out strengthened on Friday, when the currency retreated against the dollar. Having hit a 14-month
      PHOTO: AFP  -  703 words
    • Article
      Lock icon March industrial output falls, signals weak Q1 GDP growth
      496 22 LATEST US DATA Reuters, Bloomberg Washington US industrial production fell more than expected in March as manufacturing and mining production decreased, the latest indication that economic growth braked sharply in the first quarter. Industrial output declined 0.6 per cent last month
      Reuters,; Bloomberg  -  496 words
    • Article, Illustration
      Lock icon Indonesia to use new policy benchmark
      512 23 Starting Aug 19, the 7-day reverse repurchase rate will be the benchmark policy rate wrote.Reuters Jakarta INDONESIA’S central bank announced it will use the seven-day reverse repurchase rate as its benchmark policy rate, starting Aug 19, in a bid to better guide market rates.
      wrote.Reuters; PHOTO: REUTERS  -  512 words
    • Article
      Lock icon Japan plants shut down after quake, fuelling economic fears
      527 23 But analysts say impact would be far less than previous disasters ed.AFP Tokyo SOME of Japan’s biggest firms including Sony and Toyota shut down operations in southern Japan on Friday after the region’s deadly earthquake, but analysts said while the economy
      ed.AFP  -  527 words
    • Article, Illustration
      Lock icon Looking into the future of the EU
      980 24 Academics, analysts and EU politicians predict outcomes that range from Armageddon to nirvana Tuesday.Bloomberg Brussels GOOGLE “European Union collapse” and you will get 32.6 million results. Prophecies abound that economic anxiety, refugee hordes, terrorism, populism, border fences, an-ti-German resentment, British standoffishness, Russian belligerence
      Tuesday.Bloomberg; PHOTO: AFP  -  980 words
    • Article, Illustration
      Lock icon LSE to launch trading of China firms’ GDRs
      587 25 Move, slated for next year, will kick off partnership between the bourse and its Shanghai counterpart, add sources added.Reuters Shanghai THE London Stock Exchange (LSE) will launch trading of global depositary receipts (GDRs) of Chinese companies next year, kicking off a partnership
      added.Reuters; PHOTO: AFP  -  587 words
    • Article, Illustration
      Lock icon India suspends Mallya’s diplomatic passport for four weeks
      472 25 said.Reuters, AFP Mumbai INDIA has suspended for four weeks a diplomatic passport issued to embattled tycoon Vijay Mallya, who left the country last month, after creditor banks of his defunct Kingfisher Airlines stepped up pressure to recover about US$1.4 billion in debt.
      said.Reuters,; AFP; PHOTO: AFP  -  472 words
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  • Page 23 Advertisements
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      Lock icon Page 23 Advertisements Column 1
      176 23 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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  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      276 24 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 HYCHEM ASIA PACIFIC PTE. LTD. Co. Reg. No. *****2129E MEMBERS’ VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company held on the 8 th day of April 2016, the following special resolution was duly passed: “That the Company be
      276 words
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      Lock icon Page 24 Advertisements Column 2
      363 24 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BEST VISION TECHNOLOGY PTE. LTD. Registration No. *****6113W (In Members’ Voluntary Winding Up) At an Extraordinary General Meeting of the members of BEST VISION TECHNOLOGY PTE. LTD., deemed to have been duly convened and held on
      363 words
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  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      46 25 HOT PROPERTY DUET HOLLAND. Freehold 3+1. 1744sqft. Facing green-ery. Pte lift. Mins to Orchard. 19 SHELFORD 1 Bdrm+Utility 657 sf. Freehold. Poolview F/reno! Sell Vacant. Within 1KM NYPS/ RGPS. Ask $1.02M APARTMENTS FOR SALE! Check out these properties and more in The Straits Times Classified now!
      46 words
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  • OPINION
    • Article, Illustration
      Lock icon Can S’pore be an icon for service productivity?
      1735 26 / 27  -  The traditional analysis tools or flexible work design deployed in manufacturing may be insufficient in giving a boost to services. By Arnoud De Meyer may By Arnoud De Meyer ~The writer is president of Singapore Management University OVER the last months, I
      PHOTO: BLOOMBERG  -  1,735 words
    • Article, Illustration
      Lock icon Why one should travel to Hiroshima to revisit the past
      673 26 / 27  -  Anthony Rowley Tokyo Correspondent EVERYONE should visit Japan’s Hiroshima “peace” memorial, said US Secretary of State John Kerry this week. He said this after becoming the first US government official in 70 years to see first-hand some of the horrors
      PHOTO: AFP  -  673 words
  • Page 26 / 27 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Placing faith and funds in wisdom of a robot
        977 28 / 29  -  A growing number of investors are leaning on algorithms to sort the wheat from the chaff from mountains of data. By David Gelles By David Gelles NYT New York CRACKER Barrel Old Country Store, the company behind a chain of down-home
        NYT; PHOTO: NYT  -  977 words
      • Article
        Lock icon Robo-advisory company looks to Asia
        419 28 / 29  -  By Genevieve Cua gen@sph.com.sg @GenCuaBT Singapore PARMENION Capital Partners, one of the largest robo-advisory firms in the UK, is keen to expand in Asia. The company’s executive chairman Rennie McArthur Miller said expansion could take the form of its business model in the UK where
        419 words
      • BROKERS’ TAKE
        • Article
          Lock icon UMS Holdings Buy
          233 28 / 29 DBS Group Research April 15 April 15 close: S$0.63 Target price: S$0.73 INITIATE with “buy” and target price of S$0.73 based on discounted cash flow; entrenched relationship with Applied Materials provides earnings stability and underpins high yield. UMS has partnered Applied Materials for more than a decade.
          233 words
        • Article
          Lock icon Keppel Reit Neutral
          241 28 / 29 Credit Suisse April 15 April 15 close: S$1.005 Target price: S$0.95 Q1 FY16 distribution per unit (DPU) of 1.68 Singapore cents was within expectations, supported by divestment gains of S$3 million. Excluding these gains, DPU would have been 1.59 Singapore cents, down 6.6 per cent year on
          241 words
        • Article
          Lock icon Citic Envirotech Add
          229 28 / 29 CIMB Research April 14 April 15 close: S$1.39 Target price: S$1.61 FIRST build-operate-transfer (BOT) sludge treatment project worth 220 million yuan (S$46 million) in Weifang City. This project involves the design, construction and operation of a 700 tonne/day treatment plant to process the sludge generated by six
          229 words
      • Article, Illustration
        Lock icon New personal relief cap makes tax system more progressive
        1045 30  -  New cap of S$80,000 on total personal income tax reliefs will affect only 1% of taxpayers By Jason Ong The writer is a certified financial planner. He can be contacted at jasonotk@singnet.com.sg A FRIEND recently lamented that she will be slapped
        PHOTO: BLOOMBERG  -  1,045 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Long-lost art now takes centre stage
      943 31 American-born conductor William Christie and Les Arts Florissants recreate early 18th century French opera-ballet NYT New York POPULAR forms of entertainment can fade from view so thoroughly that they are almost never seen again. Masques. Commedia dell’arte. Decent Hollywood romantic comedy. But some eventually
      NYT; PHOTO: NYT  -  943 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      325 31 CRYPTIC CROSSWORD Across 1 Local left in charge is put in shade as annoying character (6,8) 9 Emphasise position of leading tennis player? (5,2) 10 Slight curve going round hospital room (7) 11 American school makes one exhilarated (4) 12 Son with papers, say, and weapon gets fleeting look (4,6)
      325 words
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  • Page 32 Advertisements
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      Lock icon Page 32 Advertisements Column 1
      129 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENNIA A HARSH, UNYIELDING ENVIRONMENT; AND SINCE 1875 THE HOME OF AUDEMARS PIGUET, IN THE VILLAGE OF LE B R A S S U S T H E E A R LY WAT C H M
      129 words