The Business Times, 3 May 2016

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Microfilm: NL33855
Total Pages: 26
1 26 The Business Times
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  • Title Section
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    22 1 THE BUSINESS TIMES S$1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes CO REGN NO *****2868E MCI (P) 039/08/2015 Tuesday, May 3, 2016
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  • Article, Illustration
    Lock icon DAILY DIGEST
    223 1 ConocoPhillips is within days of locking down a proposed floating production development for the multi-billion-dollar Caldita-Barossa gas field off Australia’s Northern Territory which will deliver a much-needed boost to the tender pipeline of Singapore-based O&M players.TOP STORIES 2 Local startup ReFUEL4, which specialises in digital advertising, has won
    223 words
  • Article
    Lock icon Rising market fails to lift MTP laggards
    1852 1  -  Number of firms failing to meet S$0.20 minimum trading price requirement roughly the same at end-March despite the benchmark STI’s rise over the month By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore A RISING tide ought to lift all boats. The recent tentative recovery in
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  • Article
    Lock icon Capital outflows to continue out of China in 2016: analysts
    669 1  -  By Virginie Mangin btworld@sph.com.sg Beijing CAPITAL outflows from China seem to be easing, but analysts say respite for the central bank may be short-lived as downward pressures on the yuan remain. In February, for the first time in more than
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  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 2,838.52 -101.91 KL Comp 1,672.72 -45.24 Nikkei 225 16,666.05 -906.44 Hang Seng 21,067.05 -399.99 Shenzhen B 1,129.95 +1.06 Dow 17,773.64 -230.11
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  • TOP STORIES
    • Article, Illustration
      Lock icon 1993: SingTel launches IPO, nation of investors
      331 2  -  Tweaks for CPF investments, new land-sale auctions also top the news. BY KENNETH LIM HE Singapore government privatised and floated a number of entities in the 1990s, and none were bigger than the initial public offering of Singapore Telecommunications in 1993. The telco
      BT Graphics: Dania Amiril  -  331 words
    • Article
      Lock icon S’pore yards may be in running for work on Conoco’s new FPSO
      800 2  -  Industry watchers have tipped Keppel O&M and SembMarine as potential contenders By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore US-BASED ConocoPhillips is within days to locking down a proposed floating production development for the multibillion-dollar Caldita-Baros-sa gas field off
      800 words
    • Article
      Lock icon Local digital ad firm ReFUEL4 wins Facebook global award
      753 2  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore LOCAL startup ReFUEL4, which specialises in digital advertising, won a creativity award at Facebook’s Innovation Spotlight last week one of three companies globally to be thus honoured. The other two winners were US-based crowdsourcing
      753 words
    • Article, Illustration
      Lock icon New healthcare cooperative will help sandwiched class: Murali
      642 4  -  SDP’s Chee repeats promise to push for retrenchment insurance scheme in parliament if elected BUKIT BATOK BY-ELECTION By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore NEITHER the People’s Action Party (PAP) nor the Singapore Democratic Party (SDP) held a rally on Monday, but their
      PHOTO: DESMOND FOO/THE STRAITS TIMES  -  642 words
    • Article
      Lock icon IMF warns of severe headwinds from weak global recovery
      557 4  -  By Anthony Rowley btworld@sph.com.sg Frankfurt ASIA “is facing severe headwinds from a still weak global recovery, slowing global trade, and the short-term impact of China’s growth transition”, the International Monetary Fund (IMF) said on Monday in its latest Regional Economic Outlook
      557 words
    • Article, Illustration
      Lock icon Luye Medical to set up innovation centre
      847 5  -  Recent A$938 million acquisition of Australian group helps part of its global strategy which includes increased presence in China By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore FRESH from its recent billion-dollar acquisition of Australia’s third largest private hospital group, Singaporebased Luye Medical Group is
      PHOTO: ARTHUR LEE  -  847 words
    • Article
      Lock icon Malaysia’s MISC in talks to acquire TH Heavy Engineering
      709 5  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore MISC Bhd, the shipping unit of Malaysia’s national oil company Petronas, is understood to have been in talks to buy out Muslim pilgrim fund-sponsored TH Heavy Engineering (THHE) after a proposed RM2 billion (S$687
      709 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      50 2 The Business Times has been there to report and analyse the most significant news since 1976. Every week, this feature will showcase excerpts from the biggest stories for each year that the paper has been in operation. The full text of all the stories can be found online at bt.sg/bt_40
      50 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      42 2 Mt Sapola is expanding, and doing so quickly. Find out how Cheryl Gan is steering the firm in today's choppy waters in the upcoming issue of The SME Magazine, which will be distributed on Wednesday, with your copy of The Business Times.
      42 words
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      112 4 PRESIDENT’S VOLUNTEERISM& PHILANTHROPY/, au'arao 2016 Nominations Now Open The President's Volunteerism Philanthropy Awards recognises the best in giving. Conferred by the President of the Republic of Singapore, the awards represent the highest honour for giving excellence in Singapore. THE 2016 CATEGORIES YOUTH Individual ADULT Individual SENIOR Individual EDUCATIONAL INSTITUTION SME
      112 words
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      160 5 T f A £2* m m mm as 5§jSs •s. ■Sltfb Ids ■Sr rSSfok.^ S 320 Fuel consumption: 8.21/100 km; COz emission: t92g/km. Executive decision-making at its finest This is the best time to choose the S320, now available with the PLUS package. Book it today and enjoy attractive overtrade,
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  • Page 6 Advertisements
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      86 6 A NEW CHAPTER ZB SINGAPORE’S ONLY BILINGUAL LUXURY LIFESTYLE MAGAZINE o ZBBZ engages your senses and moves your soul with the beauty of artistic expressions. The enchantment continues with an immersion in the alternative side of the arts, travel, personalities, cuisines and life’s other finer things. zbbzHI —JilxSAnMi' PREV EW
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Comparing Reit fees: two cases of anomalies
      905 7  -  HOCK LOCK SIEW BY LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT A RECENT report by ING Bank did not sit well with the managers of Keppel Reit and Suntec Reit because it showed them to be grossly overpaid. This was not a research report, but an
      Source: ING Bank, annual reports and filings of Reits, Bloomberg  -  905 words
    • Article
      Lock icon Centurion to buy four student dorms in UK for £20.1m
      377 7  -  New assets in university cities will add 519 beds to bring its total in UK, Australia and Singapore to 3,208 By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore MAINBOARD-LISTED Centurion Corporation has signed a deal to buy four student accommodation assets in
      377 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist WEEKLY Straits Times Index April 29,2016 2,838.52 -101.91 (-3.47%) Current streak 6 days Week high 2,900.28 Week low 2,838.52 52-week high 3,463.10 (May 15, 2015) 52-week low 2,539.95 (Feb 12, 2016) FTSE ST Catalist Index April 29,2016 449.03 -9.95 (-2.17%) Current streak 1 day Week high 452.91 Week
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    • Article, Illustration
      Lock icon Early part of week may see short-covering rebound
      569 8  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT SINCE the start of the year, it has been evident that stocks in Singapore move according to foreign central bank policies, oil prices and the economic health of the US, Japan and China. In the weeks
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    • Article
      Lock icon STI STOCKS
      312 8 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 246 -4 249/243 255 209 5.9 6466 CapitaCom Trust 143 -5 148/142 169.5 122.5 6 4227.6 CapitaLand 311 -9 325/307 379 267 12.4 2.9 *****.9 CapitaMall Trust 207 -1 215/207 224 184.5
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    • Article
      Lock icon GAINERS
      77 8 BY CENTS CLOSE UP 52w high/low DBXT AUDCS SG$ ***** 1146.0 5.2 *****/***** DBXT iBoxxKR US$ ***** 786.1 3.9 *****/***** GLD US$ ***** 361.5 2.3 *****/***** Lyxor Indonesia US$ 8176 278.2 2.6 8804/6250 DBXT USDIGInfl US$ ***** 182.7 0.5 *****/***** BY PERCENTAGE CLOSE UP 52w high/low InnoPac 0.2 100.0
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    • Article
      Lock icon LOSERS
      75 8 BY CENTS CLOSE DOWN 52w high/low JMH USD 5530 -631.5 -7.8 6272/4500 Jardine C&C 3862 -528.0 -12.0 4520/2636 DBXT MSJAP US$ 4624 -331.9 -5.1 5251/4031 JSH USD 2895 -294.3 -7.0 3544/2524 SPDR S&P500 US$ ***** -119.6 -0.4 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low Infinio 0.1 -83.3 -0.5 0.7/0.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 8 VOL CLOSE($) CHANGE Ossia Intl 25.3 0.220 +0.026 +13.40 China Jishan 20.1 0.021 -0.004 -16.00 CFM 45.0 0.032 -0.003 -8.57 Hengxin Tech 20.1 0.300 +0.030 +11.11 Indiabulls Trust 20,330.0 0.250 -0.010 -3.85 Fuxing China 13.3 0.350 +0.055 +18.64 TSH 5,142.1 0.151 +0.025 +19.84 Thakral 22.8 0.215 +0.015 +7.50
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    • Article
      Lock icon MOST ACTIVE
      34 8 VOLUME Cedar Strategic 383,888,800 Ezra 198,404,700 ThaiBev 127,143,100 Noble 124,604,900 Rex Intl 108,602,200 Market volume 6,425,453,000 VALUE Singtel 369,972,403 DBS Grp 332,337,736 OCBC Bank 263,534,322 UOB 229,136,032 CapitaLand 179,552,203 Market value 4,937,471,000
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    • Article
      Lock icon SGX ETFS
      112 8 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 287 -7 1542 294/287 354/254 287/288 IS MS INDIA US$ US670 -5 551 684/664 780/575 667/671 83.8 IS ASIA HYG US$ US1052 unch 433 1060/1027 1130/977 1057/1059 IS Asia BND US US1067 +6 319
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    • Article
      Lock icon COMPANY MEETINGS
      115 8 COMPANY MEETING PLACE DATE TIME China Dairy Grp Ltd E 8 Wilkie Road #03-01 Wilkie Edge 04-May 10.30am Next-Gen Satellite Comm E SAFRA Toa Payoh 239 Lor 6 Toa Payoh 06-May 2.00pm XYEC Hldgs Co E 1 Raffles Place #18-61 Tower 2 10-May 10.00am MFS Tech Ltd E
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Apr 29 VALUE CLOSE BT OB/OS -244.00 -67.00 BT CADI -*****.00 -53.00 BT 10-day MA -*****.00 -24.00 FTSE ST Mid Cap 696.78 -2.53 FTSE ST Small Cap 399.59 -1.57 FTSE ST All Share 693.86 -4.89 FTSE ST China Top 166.53 -0.39 FTSE ST China 198.90 -0.55 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      37 8 STI FTSE ST All-Share WEEKLY ftse ST All-Share index April 29, 2016 693.86 -24.17 (-3.37%) Current streak 6 days Week high 708.23 Week low 693.86 52-week high 830.39 (May 15, 2015) 52-week low 629.34 (Feb 12, 2016)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 8 STI MSCI EAFE WEEKLY MSCI EAFE index April 29,2016 1,693.18 -10.09 (-0.59%) Current streak 1 day Week high 1,701.75 Week low 1,693.18 52-week high 1,949.49 (May 15, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 9 3 0 1 0 5 10 3 Manufacturing 58 72 13 10 18 11 68 90 24 Commerce 22 35 9 4 13 4 26 48 13 Tpt/Stor/Comms 7 27 4
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      125 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 88,758 5,416 94,174 304,113 1,155 305,268 Manufacturing 648,535 572,207 1,220,742 580,877 19,828 600,705 Commerce 288,304 115,639 403,943 411,933 4,071 416,004 Tpt/Stor/Comms 661,194 3,698 664,892 814,026 306 814,332 Finance 148,602 339 148,941 913,667 40 913,707 Construction
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    • Article, Illustration
      Lock icon COMMODITIES
      48 8 Energy information Administration data show US crude production fell to 8.94 million barrels a day in the week ended April 22, the least since October 2014. Output from US shale formations will drop in May to the lowest level in almost two years. PHOTO: BLOOMBERG PHOTO: BLOOMBERG
      PHOTO: BLOOMBERG  -  48 words
    • Article
      Lock icon Oil bulls bet waning US shale boom will curb global glut
      603 8 BLOOMBERG New York HEDGE funds are rooting for a quick collapse of the US shale boom. Money managers turned the most bullish since May last year as West Texas Intermediate (WTI) crude climbed to a five-month high on optimism
      BLOOMBERG  -  603 words
    • Article
      Lock icon US$ steadies after record slide versus yen
      404 9 CURRENCIES REUTERS London THE US dollar recovered slightly on Monday from its biggest weekly fall in more than seven years against the yen, while losing ground against a euro helped by a solid set of manufacturing numbers from Germany. Worries over Japanese policymakers’
      REUTERS  -  404 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Apr 29 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.956 4.950 0.671 5.924 50.772 100.846 0.818 8.712 2.987 1.097 80.016 35.803 1.026 10.851 0.736 24.637 26.663 0.523 0.764 Canada 1.046 5.176
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Apr 29 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0256 1.0265 0.7633 0.7638 Canadian dollar 1.0726 1.0731 0.7984 0.7983 Euro 1.5289 1.5297 1.1378 1.1382 NZ dollar 0.9351 0.9358 0.6959 0.6963 Sterling pound 1.9613 1.9622 1.4596 1.4600
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Apr 29 S$ Bid Offer 1-month 1.3446 1.3451 2-months 1.3452 1.3457 3-months 1.3457 1.3462 6-months 1.3476 1.3480 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        3 9 WEEKLY
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      • Article, Illustration
        Lock icon NIKKEI
        2 9 WEEKLY
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        3 9 COMPOSITEWEEKLY
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      • Article, Illustration
        Lock icon DOW JONES
        3 9 WEEKLY
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        352 9 May 2 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES May16 9527.50 9550.00 9510.00 ***** *****8 Jun16 9322.50 9345.00 9295.00 269 ***** NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 ***** *****5 Sep16 *****.00 *****.00 *****.00 *****.00 19 1168 MSCI TAIWAN INDEX FUTURES
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        217 9 Most active Apr 29 Prem Expiry Wk Vol Conv Exer Disc Gear- Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****5 3.5 -2.4 ***** 0.1 1600 3 Ezion Holdings W*****4 16 ***** 1 50 20 3.44 48 STI 2900 MB eCW*****0 4.4 -2.2
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 9 In local curr In S$ In US$ dy yr dy yr dy yr Apr 29 Index Change Change Change Change Change Change World Preliminary 1249.9 -1.1 -2.2 -1.0 -5.1 -0.7 0.1 EAFE Preliminary 948.1 -1.3 -6.4 -0.6 -6.5 -0.3 -1.3 Europe Preliminary 1346.5 -1.9 -4.7
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Rates quoted by Icap (S) Pte Ltd Apr 29 $S Offer Bid 0vernight 0.05 0.03 1-month 0.7500 0.6250 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: 0.70 US$ Offer Bid 7 days 0.45 0.35 1 month 0.48 0.38 2 months 0.65 0.45 3 months 0.75 0.55 6 months
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      • Article
        Lock icon GOVERNMENT SECURITIES
        69 9 Apr 29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.01 99.03 99.03 5-Year NX*****X 2.250 01-Jun-21 103.13 103.38 103.25 10-Year NX*****Z 2.375 01-Jun-25 103.12 103.38 103.30 15-Year NZ*****F 2.875 01-Sep-30 106.05 106.30 106.27 20-Year NZ*****V 3.375 01-Sep-33 113.08
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Apr-29 Price Net change change Last Trade Agricultural Apr-29 CBOT Soybeans (US cents/bu) 1021.00 3.00 0.29% 13/05/2016 CBOT Soybean Oil (US cents/lb) 32.88 -0.17 -0.51% 13/05/2016 CBOT Wheat (US cents/bu) 478.00 2.50 0.53% 13/05/2016 Apr-29 LIFFE Cocoa (£/tonne) 2313.00 44.00 1.94% 13/05/2016 LIFFE Coffee (US$/tonne) 1556.00 14.00 0.91%
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    • Article
      Lock icon JPMorgan sees yen climbing as US scrutiny impedes intervention
      608 10 Currency’s recent gains are “extremely concerning” and US report won’t limit how Tokyo can respond: Japan’s Finance Minister Taro Aso BLOOMBERG Tokyo JAPANESE officials concerned at the yen’s surge to an 18-month high now face the headache of being on a
      BLOOMBERG  -  608 words
    • Article
      Lock icon PRIME LENDING RATES
      242 10 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 anz Singapore Bank of Communications 5.50 Bangkok Bank Public Co. Ltd ...6.00 Bank of China Limited Bank of Tokyo-Mitsubishi Bank of Communications Banque Internationale a Bank of East Asia ...5.75 Bank
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1711 10 Payment Ex Rec Pay Ann (cts) date date date date 8Telecom Intl Hldgs by 448.600 22-Mar 24-Mar 15-Jul 17-Mar ABR Hldgs Ltd ak 1.500 06-May 10-May 27-May 12-Apr Adv Integrated Mfg Corp ak 1.150 17-May 19-May 27-May 07-Mar Aims Amp Cap Ind Reit df 2.662 06-May 10-May 22-Jun
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    • Article
      Lock icon Quotation of taxable book-entry Singapore Government Bonds
      292 10 As at Apr 29, 2016 GROSS REDEMPTION YIELD YEAR RAISED INTEREST PAYMENT DATES AMOUNT (S$m) COUPON RATE DATES YEAR RAISED ISIN CODE MATURITY DATE NUMBER OF DAYS OF ACCRUED INTEREST CLOSING PRICES* (EXCLUDING ACCRUED INTEREST) 01.09.2016 NY*****F 2001 3 3/4 7700.00 1/3 1/9
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    • Article
      Lock icon Election jitters send Philippine investors to sidelines
      358 10 BLOOMBERG Manila PHILIPPINE stocks fell the most since February after a poll showed tough-talking Davao City Mayor Rodrigo Duterte maintaining a comfortable lead a week before the presidential election. Mr Duterte had 33 per cent support in the Pulse Asia for ABS-CBN survey
      BLOOMBERG  -  358 words
    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1273 10 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (times) Accordia Golf Trt 1.00 1.00 1 0.08 7.65 0.88 0.65 AIMS AMP Cap Industrial Reit 1.00 1.00 3 0.11 12.40 1.50 1.40 ARA Asset Mgt 1.25 1.25 2 0.08
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    • Article
      Lock icon SGX MAINBOARD
      1984 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E $mil Company Last Sale vol ('000) High 153 127 AIMSAMP Cap Reit 139.5cd +3.5 4036 139.5 135.5 0.9 8.1 886.3 Low 175.5 101 ARA Asset Mgmt 118.5 -1.5 2844 122 117
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    • Article
      Lock icon SGX CATALIST
      358 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last Vol Week Div GrYld Net MCap High LOW 19.9 8.3 t Anchor Resources 10.9 -1.3 ***** 12.4 10.7 30.5 Sale ('000) High Low C'vr P/E 25.5 8.8 t 3Cnergy 9.5
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    • Article
      Lock icon SGX ETF
      200 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last 107.7 69.1 CIMB APAC Div US$ US79.3 +2.4 1 79.3 79.3 8.3 1364 991 CIMBASEAN40 S$D 1135 -16 2 1163 1135 1013 700 CIMBASEAN40 US$ US840 -10 21 859
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      Lock icon Page 7 Advertisements Column 1
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      Lock icon Page 7 Advertisements Column 2
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  • Page 11 Advertisements
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      71 11 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
      71 words
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  • REAL ESTATE
    • Article
      Lock icon In Rome, cheap public housing hid for years in plain sight
      1167 12 Uncovering of rental scam reveals there’s never a shortage of homes NYT Rome BACK in 2004, Elio Ciampanella was evicted from his apartment of three decades. He found housing as a live-in caregiver to a disabled child but still
      NYT  -  1,167 words
    • Article, Illustration
      Lock icon Saint Petersburg celebrates its unique communal flats
      604 12 AFP Saint Petersburg A LEFTOVER from the Soviet era, the communal flat or kommunalka with bathroom and kitchen shared by a dozen or so residents is very much alive in Russia’s historic city of Saint Petersburg. More than 25 years after the fall
      AFP; PHOTO: AFP  -  604 words
    • Article
      Lock icon Housing recovery sees great divide around Atlanta
      2375 13 The region reflects the complex ways that housing and race have long been intertwined in America WP South Dekalb County, Georgia WHEN the new subdivisions were rising everywhere here in the 1990s and early 2000s, with hundreds of fine homes on one-acre (0.4
      WP  -  2,375 words
  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      31 12 askSj www.stra itsti mes.com/askst Let ST's correspondents provide the answers Send your questions to askst@sph.com.sg THE STRAITS TIMES lr nM s. 9 0 Christopher Tan Transport Correspondent o at O O
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  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      40 13 Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices WE WANT YOUR VIEWS! SHARE THEM AND STAND A CHANCE TO WIN A SAMSUNG GALAXY S7 EDGE 4G+ Terms Conditions apply. SCAN HERE TO TAKE SURVEY NOW
      40 words
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      Lock icon Page 13 Advertisements Column 2
      117 13 PROMINENT 2-STOREY CORNER SHOPHOUSE AT NO. 7 ERSKINE ROAD CUSHMAN WAKEFIELD Estate Agents Licence No: L*****33E 999-years leasehold tenure Land Area Approx. I, I 73 sq ft Floor Area Approx. 1,324 sq ft Zoned “Commercial” within Telok Ayer Chinatown Historic District Sale subject to existing tenancy Opposite the future Maxwell
      117 words
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      Lock icon Page 13 Advertisements Column 3
      131 13 RARE Freehold Historic District Temple Street 2 Adjoining Units of 3 Storey Shophouses Freehold Land Area approx. 2,658.7sf Total Floor Area approx. 8,697.3sf Zoning: Commercial Foreigners are eligible Chinatown Kreta Ayer Conservation Area L*****82K Sale By Expression of Interest Closing 3 June 2016 3pm For more enquiries, please call Lim
      131 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon World’s longest negative rate experiment shows perversions
      740 14 From Denmark’s experiences, the logic of cheap money fuelling investment doesn’t hold once rates drop below zero BLOOMBERG Copenhagen WHEN interest rates are high, people borrow less and save more. When they’re low, savings go down and borrowing goes up. But what happens
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    • Article
      Lock icon Goldman targets ‘mass affluent’ borrowers with unusual lending plan
      662 14 REUTERS New York GOLDMAN Sachs Group Inc, the banking gold standard for the world’s elite, sees a future in less-prosperous investors. A creative strategy taking shape inside the bank calls for it to partner small brokerages and wealth management firms to
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      27 14 Relocating your soon? office Don’tleaveyourcustomerbehind! Place a notice advertisement to inform your customers of your new business address. Call us at 1800 289 8822 or email notices@sph.com.sg.
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      126 14 The SME Magazine: Coming to you with your copy of The Business Times tomorrow! IN THIS ISSUE TOP STORY: What venture capitalists look out for when deciding to fund a startup. MANAGING TALENT: Why paying attention to proper HR practices like staff appraisals can make a big difference to performance
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Drought in Asia raises fears about food security
      795 16 Top rice producers India, Thailand and Vietnam have been hit by extremely hot weather REUTERS Singapore NEARLY a decade after a spike in global food prices sent shockwaves around the world, Asia’s top rice producers are suffering from a blistering drought that
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    • Article
      Lock icon Halliburton and Baker Hughes scrap US$28b merger
      377 16 REUTERS New York OILFIELD services provider Halliburton Co and smaller rival Baker Hughes Inc announced the termination of their US$28 billion merger deal on Sunday after opposition from US and European antitrust regulators. The tie-up would have brought together the world’s No 2
      REUTERS  -  377 words
    • Article
      Lock icon Japan aims to set up LNG trading hub by early 2020s
      306 16 REUTERS Kitakyushu JAPAN aims to become an international trading hub for liquefied natural gas (LNG) by the early 2020s, the world’s biggest importer of the fuel announced on Monday as part of a message delivered to the energy ministers
      REUTERS  -  306 words
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      317 16 Limited Seats. Grab your SPH^IGITAL www.sphdigital.com tickets Date: Saturday Sunday 7-8 May 2016 now: Tickets Normal 2016 Time: 1-day pass 11am to 5pm E Venue: SPH News Centre Auditorium 1000 Toa Payoh North, Singapore *****4 .Jr*""" ■i—i m —i. 2-day pass All prices are inclusive of GST. PROPER SEMINAR SH
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  • TECHNOLOGY
    • Article
      Lock icon Aussie tech entrepreneur confirms his identity as bitcoin creator
      442 17 Craig Wright’s claim ends years of speculation about person who until now has gone by the name of Satoshi Nakamoto REUTERS Sydney AUSTRALIAN tech entrepreneur Craig Wright told the BBC on Monday he was the creator of controversial digital currency bitcoin,
      REUTERS  -  442 words
    • Article, Illustration
      Lock icon There’s a new sheriff in town in Silicon Valley: the FDA
      1163 17 Regulators raising questions about startups’ products, suspecting they’re promising more than they can deliver NYT San Francisco HELMY Eltoukhy’s company is on a roll. The startup is a leading contender in the crowded field of firms working on “liquid
      NYT; PHOTO: NYT  -  1,163 words
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      684 17 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices MARITIME AND PORT AUTHORITY OF SINGAPORE Notice of Disposal of Abandoned Craft Pursuant to Section 58 of the Maritime and Port Authority of Act (Cap 170A) Notice is hereby given that the Maritime and Port Authority of Singapore (“MPA”), in the
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      325 17 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF UNITRADING W&F PTE. LTD. (IN CREDITORS’ VOLUNTARY LIQUIDATION) (SINGAPORE UEN NO. *****4884W) NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DEEMED TO HAVE BEEN HELD PURSUANT TO SECTION
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      582 17 AEROLIFT INTERNATIONAL PTE LTD COMPANY REGISTRATION NO. *****2079D (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY WAS DEEMED TO HAVE BEEN HELD AT 50 HAVELOCK ROAD, #02-767, SINGAPORE *****0 ON THE 26TH DAY OF APRIL 2016
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  • CONSUMER
    • Article
      Lock icon Valeant’s new chief cuts a familiar figure
      1035 18 Joseph Papa pursued a series of strategies at Perrigo that were similar to the drugmaker’s discredited business model NYT New York WHEN a deeply troubled company replaces its chief executive, it makes sense to expect the new CEO to bring a fresh take
      NYT  -  1,035 words
    • Article, Illustration
      Lock icon Quaker Oats’ 100% natural claim questioned in lawsuit
      672 18 NYT New York A LAWSUIT seeking to be certified as a class action has been filed on behalf of consumers in New York and California against the owner of Quaker Oats after testing found traces of the herbicide glyphosate in some oatmeal.
      NYT; PHOTO: NYT  -  672 words
    • Article
      Lock icon Reckitt Benckiser executive slapped while apologising
      401 18 REUTERS Seoul AN executive from British consumer goods giant Reckitt Benckiser was slapped during an emotional news conference as he apologised on Monday over deadly lung injuries linked to the use of humidifier sterilisers marketed by the firm. Ata Safdar, head of Reckitt Benckiser
      REUTERS  -  401 words
  • Page 18 Advertisements
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      34 18 “An enjoyable path to understand the world’s fastest rising new great power.” PROFESSOR KISHORE MAHBUBANI dean of the Lee Kuan Yew School of Public Policy Now on sale at all major bookstores and www.stpressbooks.com.sg
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      75 18 At BABY NeXT SOUTHEAST ASIA’S BIGGEST BABY FAIR SINGAPORE EXPO HALL 3 10-12 JUNE201R 11AM 9PM CFR' SAT) *11AM-8PM (SUN) S' u *1* Sell your Brand, Products Services directly to over 70,000 new and expecting parents in June 2016! Book your space now! J Mr Jeffrey Foo 9008 9391 jefffoo@sph.com.sg
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      42 18 2 3 J U N E 1 6 SPH News Centre 9.00am to 5.00pm SME 101 MARKETING BOOTCAMP Trainer: Pamela Wigglesworth EARLY BIRD ENDS 16 MAY 2016 $788 To register or find out more about the bootcamp, visit http://learning.stjobs.sg/ bootcamp STJOBS LEARNING
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      17 18 zaobao.sg st® as e® thiSiStS By-Election Watch: Analysis from Zaobao Newsroom 0$iE bit.ly/zpolitics_video mmm Chinese Language Content
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      8 18 www.omy.sg v Mum's Best Dishes SCAN FOR RECIEPES
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon China’s flood of cash even roils egg futures
      1018 19 Unusual jump shows tendency to experience investment bubbles when govt steps up spending and lending NYT Hong Kong CHINA is pouring hundreds of billions of dollars into its economy in a new effort to support growth. Some of it is going into
      NYT; PHOTOS: BLOOMBERG  -  1,018 words
    • Article
      Lock icon Greenpeace publishes confidential US-EU trade deal documents
      503 19 REUTERS Berlin A SWEEPING free trade deal being negotiated between the European Union (EU) and the United States would lower food safety and environmental standards, Greenpeace said on Monday, citing confidential documents from the talks. But the European Commission said the documents reflected
      REUTERS  -  503 words
    • Article
      Lock icon India’s floundering bank debt-for-equity deals a warning for China
      515 19 REUTERS Mumbai INDIAN lenders are struggling to find new owners for unprofitable steel and infrastructure companies they took over under a debt-for-equity swap, a warning sign for China, which is launching a similar scheme. Indian banks have either taken over or
      REUTERS  -  515 words
  • Page 19 Advertisements
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      224 19 Show Me the Money (Book 3) writes about the methods to spot financial bubbles, the danger signs of the market and the fraud of listed companies. Based on the case studies of past downturns, it teaches us the techniques to analyse the severity of each financial crisis. A clear plan
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      100 19 SGPFair Singapore Gifts Premiums Fair 2016 29 JUNE 1 JULY 2016 Marina Bay Sands, Singapore Sands Expo and Convention Centre Level 1, Hall B C mr* r SSI r JOIN THOUSANDS OF IMPORTERS EXPORTERS, DEALERS, RETAILERS, REGIONAL BUYING HOUSES PROCUREMENT CENTRES, ETC.! Make SGPFair your destination to source for promotional,
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      16 19 Buying y Opportunities Property Outlook 2016 r Download at |SRX srx.com.sg/property-magazine comsg Right Home. Right Price.
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  • TRANSPORT
    • Article, Illustration
      Lock icon Merkel’s 1.2b euro German e-car push boosts Infineon, STMicro
      694 20 Subsidy programme translates into US$300m of chips by 2019, says analyst; Infineon is slated to win most of that BLOOMBERG Berlin CHANCELLOR Angela Merkel’s 1.2 billion euro (S$ 1.8 billion) electric-car push is a boon to another industry seeking to benefit
      BLOOMBERG; PHOTO: REUTERS  -  694 words
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      Lock icon Air France-KLM board appoints Janaillac as new CEO
      320 20 Air FranceKLM board appoints Janaillac as new CEO AFP Paris AIR France-KLM’s board of directors on Sunday appointed Jean-Marc Janaillac, the current head of French transport group Transdev, as the group’s new chief executive following the surprise resignation of Alexandre de Juniac. “The board has decided that Mr Janaillac will
      AFP; PHOTO: AFP  -  320 words
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      260 20 BACK BY POPULAR DEMAND! SME101 MARKETING BOOTCAMP: LEAD GENERATION STRATEGIES USING SOCIAL MEDIA, VIDEO AND MOBILE MARKETING Who should attend: Senior and Middle Management, Managers, Sales and Marketing Professionals, Business Owners and anyone interested in learning cost effective tools and techniques to create awareness for your brand, improve leads and
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      1033 21 The Business Times Shipping times Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10
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  • OPINION
    • Article
      Lock icon No case for an interest-rate cut by the Reserve Bank of Australia
      627 22 EDITORIAL THE spectre of deflation seems to have stirred up Australia’s financial industry. As soon as word was out that the March quarter figures showed that headline inflation fell by 0.2 per cent, a clamour began for a
      627 words
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      Lock icon Britain flirts with economic insanity in considering Brexit
      844 22  -  THE BOTTOM LINE By Robert J Samuelson THE WASHINGTON POST WRITERS GROUP COUNTRIES usually do not knowingly commit economic suicide, but in Britain millions seem ready to give it a try. On June 23, the United Kingdom will vote to decide whether
      THE WASHINGTON POST WRITERS GROUP  -  844 words
    • Article, Illustration
      Lock icon Opec is no longer a dominant force
      1320 22  -  Failure of the Russia-Opec deal and the rise of US shale production suggest that the days of coordinated production cuts may be over. BY CHRIS MILLER BY CHRIS MILLER T The writer is associate director of the Grand Strategy Programme at Yale and
      YALEGLOBAL ONLINE; PHOTO: REUTERS  -  1,320 words
    • Article
      Lock icon Five years on from bin Laden, ‘campaign on terror’ needs rebooting
      1011 23  -  COMMENTARY By Andrew Hammond T The writer is an associate at LSE IDEAS (the Centre for International Diplomacy, Affairs and Strategy) at the London School of Economics MONDAY May 2 marked the fifth anniversary of the assassination of Osama
      1,011 words
    • Article
      Lock icon Wage stagnation is central issue in American election
      672 23  -  COMMENTARY By Marsha Vande Berg I T The writer is Distinguished Career Fellow at Stanford University this year. This forms part of the Official Monetary and Financial Institutions Forum’s series of commentaries on the US presidential election on Nov 8 AMERICA’S economic
      672 words
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      Lock icon Opportunities in European real estate amid low interest rates
      1087 23  -  Investors are going for higher-yielding prime property investments in place of low-yielding bonds in Europe, giving rise to potential openings in secondary property assets. BY THOMAS MUELLER AND MARK LONG BY THOMAS MUELLER, MARK LONG T Thomas Mueller and Mark Long
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  • SME
    • Article, Illustration
      Lock icon Helping smart home dreams become reality in Singapore
      1394 24  -  Titantt aims to provide high-quality but affordable home automation systems, kitchens and feature walls that cater to the country’s climate and lifestyle. BY VIVIEN SHIAO BY VIVIEN SHIAO vshiao@sph.com.sg @VivienShiaoBT IMAGINE having the ability to control your different home electronics with a
      PHOTO: ARTHUR LEE  -  1,394 words
    • Article
      Lock icon Riding the waves of Big Data
      1064 24  -  As Asia continues to change and grow, a huge cultural shift will allow Big Data to meet economic challenges By Lyon Poh T The writer is head of digital and innovation at KPMG in Singapore BIG Data is increasingly becoming the next big thing
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  • EMERGING ENTERPRISE 2016
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      Lock icon Embracing the media to create brand presence
      1369 25  -  It’s imperative that SMEs be present in the relevant platform at the right time to target their audience. audience.BY DESH BALAKRISHNAN T The writer is managing director of Maxus, a full-fledged 360 media and communications agency SMEs are facing multiple challenges in the
      SPH FILE PHOTO; SPH FILE PHOTOS  -  1,369 words
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      55 25 Jointly Presented By: Preferred Payment Solutions Partner: Supported By: Innovation Partner: KEEP YOUR SAVINGS USE OUR MONEY FOR YOUR BUSINESS. We provide the support your business needs with micro loans of up to S$100,000. SMS: <ML><Co.Name> to ***** OCBC Micro Loan I OCBC Business Banking IDOCBC Bank i w 1
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  • LIFE & CULTURE
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      Lock icon US first daughter rebels, sort of, by choosing Harvard University
      1178 26 Malia Obama has made her much-awaited choice apparently disregarding her parents’ counsel that she need not select a school with a big name and reputation NYT Washington SO MUCH for US President Barack Obama’s fatherly advice on college. Malia Obama,
      NYT; PHOTOS: NYT  -  1,178 words
    • Article, Illustration
      Lock icon New SF MoMA aims to be not just a giant, but global
      979 26 NYT San Francisco INSIDE the newly expanded San Francisco Museum of Modern Art (SF MoMA), one of the most startling sights is the absence of works on the towering walls flanking the main zigzagging staircase. The blank walls
      NYT; PHOTO: AFP  -  979 words
  • Page 26 Miscellaneous
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      Lock icon Page 26 Miscellaneous Column 1
      303 26 CRYPTIC CROSSWORD Across 1 Get rid of European predicament (6) 4 Perhaps I carved jewel (8) 10 Make use of a screen broadcast (5) 11 Playing chess I try frenzied attacks (9) 12 Wretched chap with list of duties taking turn as supervisor (7) 13 One promoting health of flower?
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