The Business Times, 6 May 2016

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 34
1 34 The Business Times
  • 22 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes S$1.20 CO REGN NO *****2868E MCI (P) 039/08/2015 Friday, May 6, 2016
    22 words
  • 25 1 Thursday Change STI 2,767.81 -5.26 KL COMP 1,645.09 -12.49 NIKKEI 225 CLOSED HANG SENG 20,449.82 -76.01 SHENZHEN B 1,121.84 -6.90 DOW(11.45am EDT) 17,712.52 +61.26
    25 words
  • Article, Illustration
    224 1 Singapore’s economy could be off to a soft start in the second quarter. In a sharp about-turn, the whole-economy PMI fell to 49.4 in April a drop from March’s 52.0 reading and the first contraction in almost a year.TOP STORIES 2 Singapore has launched MyInfo, a consent-based platform
    224 words
  • 1139 1  -  Property players say this could signal a supply overhang, but some are questioning the reliability of e-applications as a gauge of demand By Lynette Khoo lynkhoo@sph.com.sg LynettekhooBT Singapore THE strong interest expressed for recent executive condominium (EC) projects in the form of e-applications have
    Compiled by BT  -  1,139 words
  • 958 1  -  The mobile virtual network operator is offering an unlimited WhatsApp data bundle with its plans By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore SINGAPORE’S telecommunications market got more exciting on Thursday, with the debut of a new telco operator Circles.Life, a consumer brand of Liberty Wireless.
    958 words
  • Page 1 Advertisements

  • TOP STORIES
    • 986 2  -  Spreading fear and alarm is the wrong type of politics for Singapore, he says at the PAP’s final by-election rally BUKIT BATOK BY-ELECTION By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore WHILE he is not against having a healthy opposition in Singapore, Deputy Prime Minister
      PHOTO: ALPHONSUS CHERN/THE STRAITS TIMES  -  986 words
    • 826 2  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore AS the clock ticked to Cooling-off Day on May 6 and Polling Day on May 7, Chee Soon Juan, the Singapore Democratic Party’s (SDP) candidate in the contest for Bukit Batok, promised voters that, if elected, he
      PHOTO: AIDAN LOO  -  826 words
    • 640 2  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SINGAPORE’S economy could be off to a soft start in the second quarter of 2016. In a sharp about-turn, the whole-economy purchasing managers’ index (PMI) fell to 49.4 in April a drop from March’s 52.0 reading, and
      Source: Nikkei, Markit  -  640 words
    • 430 2  -  By Samuel Ee samuelee@sph.com.sg Singapore THE first certificate of entitlement (COE) bidding exercise for May ended mixed, with passenger-car premiums rising but those for the other categories falling. Category A, for cars below 1,600cc and 130 hp, rose S$589 to S$47,889, while Cat
      430 words
    • 1373 4  -  Singtel says he has no plans to leave telco’s board, which he also chairs; appointment comes as observers raise questions about SingPost special audit methodology By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore SINGAPORE Post has found a new chairman who is also the chairman of its
      CEO. SPH FILE PHOTO  -  1,373 words
    • 486 4  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore IN a move that observers say puts citizens and businesses “in charge” and at the centre of the work the government does, Singapore on Thursday launched MyInfo, a consent-based platform that seeks to make
      486 words
    • 801 4  -  B y Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Complied by BT Singapore FORMER BSI private banker Yeo Jiawei allegedly received “secret profits” of about US$4 million when he was with the Singapore branch of the Swiss private bank, which has been embroiled in the
      Complied by BT  -  801 words
    • 353 4  -  By Natalie Koh natksl@sph.com.sg @NatalieKohBT Singapore SINGAPORE Press Holdings (SPH) has relaunched Content Studio as BrandInsider, to provide content marketing solutions to SPH advertisers. The move signifies the greater emphasis the media giant is placing on content marketing compared to more
      353 words
    • 293 4  -  By Renald Yeo yrenald@sph.com.sg Singapore HOMEGROWN company IZMUS has signed a Memorandum of Intent with Infocomm Investments to kickstart a programme that will open doors for Israeli startups to expand into Asia, using Singapore’s networking and investment opportunities as a launchpad. The partnership would be
      293 words
    • 683 6  -  It cites inability of buyer to fulfil its contractual obligations on completion date By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore MORE than four months after it announced the proposed sale of The Verge mall in Little India, DRB-Hicom has officially called off the deal.
      SPH FILE PHOTO  -  683 words




  • Page 6 Advertisements
    • 334 6 SHAPING THE FUTURE ECONOMY: THE BUSINESS TIMES LEADERS' FORUM 2016 SINGAPORE'S FUTURE ECONOMY Standard Chartered Event Information Date: Tuesday, 31 May 2016 Time: 8.30am to 2pm Venue: The Ritz-Carlton, Millenia Singapore How Singapore Can Chart Its Next Phase Of Growth Register Now! Standard Chartered Credit Debit cardholders: $150 per person
      334 words
    • 17 6 Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices
      17 words


  • COMPANIES & MARKETS
    • 1244 8  -  HOCK LOCK SIEW BY CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT YOU own some shares in a company. The founder wants to buy everybody out. You resist, claiming his price is too low. But you cannot do much if the founder happens to also
      1,244 words
    • 618 8  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore FRASERS Centrepoint Trust (FCT) is planning to leverage its sponsor’s presence in Australia to expand the geographical coverage of its thus-far largely-domestic portfolio. At a panel at Thursday’s Bank of Singapore Investor Forum, the CEO of
      618 words
    • 302 8  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore GOGOVAN, a Hong Kong-based on-de-mand delivery van startup backed by Singapore’s Centurion Private Equity, has raised Series C funding led by Hong Kong private equity firm New Horizon Capital. The round the amount of which is in the
      302 words
    • 433 8  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore ASCENDAS Real Estate Investment Trust (A-Reit) has posted an 8.1 per cent year-on-year drop in fourth quarter distribution per unit (DPU) to 3.41 Singapore cents, from 3.71 cents in the same period
      433 words
    • 570 10  -  Telco’s bottom line helped by 9.1% fall in operating expenses By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore STARHUB, after the close of market and introduction of new telco operator Circles.Life on Thursday, posted a 25.9 per cent rise to S$92.8 million
      570 words
    • 404 10  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore FRASER and Neave Limited (F&N), via its subsidiary Fraser and Neave Holdings Bhd (F&NHB), will invest over S$70 million to boost its capacity and strengthen its position in core market Malaysia. F&N has a 55.5 per
      404 words
    • 391 10  -  HOT STOCK By Nisha Ramchandani nishar@sph.com.sg @NishaBT Singapore SHARES in ST Engineering rose over 5 per cent in trading on Thursday morning, prompting a query from the Singapore Exchange (SGX). The counter later climbed higher and eventually closed at S$3.24, up
      Source: Bloomberg  -  391 words
    • 490 10  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore ROXY-Pacific Holdings’ first-quarter net profit attributable to equity-hold-ers shrank 79 per cent to S$9.89 million from the same year-ago period. Revenue for the three months ended March 31, 2016, eased 48 per cent
      490 words
    • 740 10  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE Tang brothers’ move to consolidate holdings in CK Tang, a Singapore retail icon, to bolt down succession plans has triggered a cash offer for roughly 2 per cent of shares that they do not
      740 words
    • 500 11  -  Profit surges 329% to S$51.2m; revenue up 33% to S$202.6m By Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore HOMEGROWN property developer Oxley Holdings racked up an impressive showing for the March quarter, reporting an over-300 per cent jump in net income attributable to its shareholders.
      500 words
    • 679 11  -  By Angela Tan angelat@sph.com.sg Singapore MILLENNIUM Copthorne Hotels plc (M&C) on Thursday posted a net profit of £6 million (S$11.8 million) for the first quarter of 2016, down from £8 million a year ago, on challenging conditions facing its major hospitality
      679 words
    • CORPORATE DIGEST
      • 234 11 A REPORT by the Brazilian Public Prosecutor's Office (PP) had highlighted that charges were not being filed at this point in time against Zwi Skornicki, Keppel Corp’s commercial representative in Brazil, for possible offences in illegal cartel activities and fraud against competitive bidding, although there was evidence of
        234 words
      • 25 11 TIGER Airways Holdings posted a fourth-quarter profit of S$7.9 million, propelling the soon-to-be-delisted low-cost carrier to full-year profitability after four years of losses.
        25 words
      • 54 11 CREATIVE Technology on Thursday said it reversed into the black for the third quarter, lifted by gain from a settlement in a patent lawsuit. Net profit for the three months ended March 31, 2016, stood at US$4.04 million, against a net loss of US$11.7 million in the same
        54 words
      • 52 11 CWT Limited’s net profit fell by a fifth in the first quarter, as lower commodity prices and trading volumes dragged down revenue. The logistics and commodities group recorded a net profit of S$23.7 million for the three months ended March 31, down 19 per cent from S$29.2 million a
        52 words
    • Article, Illustration
      63 12 STI Catalist Straits Times index May 5,2016 2,767.81 -5.26 (-0.19%) Current streak 9 days Day high 2,773.43 Day low 2,749.84 52-week high 3,471.19 (May 5, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index May 5,2016 448.04 +3.14 (+0.71%) Current streak 1 day Day high 449.29 Day low
      63 words
    • 647 12  -  Index drops 5.26 points despite firm Europe opening, bringing total loss since April 21 to 193 points STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT FOR the ninth straight session the Straits Times Index (STI) on Thursday opened in the red, at its intraday low
      Source: Bloomberg  -  647 words
    • 311 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 240 +1 242/239 255 209 6.1 6308.3 CapitaCom Trust 141 +0.5 141.5/139 168.5 122.5 6.1 4168.4 CapitaLand 305 +2 306/302 378 267 12.2 3 *****.5 CapitaMall Trust 204 +3 206/202 224 184.5
      311 words
    • 36 12 VOLUME HLH Grp 67,490,400 Anchor Resources 61,498,400 Noble 43,482,600 Ezra 42,427,600 Golden Agri-Res 32,325,200 Market volume 1,285,301,000 VALUE Singtel 90,619,240 DBS Grp 78,721,067 OCBC Bank 76,468,202 UOB 61,031,562 Wilmar Intl 47,470,291 Market value 1,020,820,000
      36 words
    • 106 12 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 281 851 283/279 351/254 280/281 Nikko AM STI ETF 285 271 285/284 357/259 284/286 6.9 DBXT MSRussia US$ US193 -5 80 194/193 235/129 194/195 DBXT MSPHILS US$ US189 +2 41 189/188.9 227.4/158.5 186.3/187 15.1
      106 words
    • 77 12 May 5 VALUE CLOSE BT OB/OS -465.00 +76.00 BT CADI -*****.00 +4.00 BT 10-day MA -*****.00 -47.00 FTSE ST Mid Cap 679.54 -1.44 FTSE ST Small Cap 395.73 +0.56 FTSE ST All Share 679.73 -0.60 FTSE ST China Top 163.64 +0.89 FTSE ST China 194.33 +1.18 FTSE
      77 words
    • 35 12 STI FTSE ST All-Share FTSE ST All-Share Index May 5,2016 679.73 -0.60 (-0.09%) Current streak 9 days Day high 680.28 Day low 676.18 52-week high 832.94 (May 5, 2015) 52-week low 625.37 (Jan 21, 2016)
      35 words
    • 33 12 STI MSCI EAFE MSCI EAFE Index May 4,2016 1,647.99 -20.65 (-1.24%) Current streak 4 days Day high 1,665.79 Day low 1,645.90 52-week high 1,949.49 (May 15, 2015) 52-week low 1,492.43 (Feb 12, 2016)
      33 words
    • 186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 4 4 0 0 1 5 4 5 Manufacturing 32 31 31 6 4 17 38 35 48 Commerce 19 16 11 3 1 7 22 17 18 Tpt/Stor/Comms 14 10 9
      186 words
    • 123 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 25,163 353 25,516 84,117 73 84,190 Manufacturing 96,224 32,068 128,292 124,229 8,108 132,337 Commerce 89,990 15,052 105,042 79,723 775 80,498 Tpt/Stor/Comms 115,002 94 115,096 163,899 8 163,906 Finance 21,637 5 21,642 233,876 1 233,877 Construction
      123 words
    • 77 12 BY CENTS CLOSE UP 52w high/low DBXT iBoxxUSTr US$ ***** 309.3 1.1 *****/***** JMH USD 5570 92.3 1.2 6272/4500 DBXT MSEAsia US$ 358 27.1 5.9 460/326 ST Engineering 324 18.0 5.9 368/267 DBXT MSAsExJp US$ 3127 16.3 0.4 3954/2772 BY PERCENTAGE CLOSE UP 52w high/low OLS W*****5 0.2 100.0
      77 words
    • 78 12 BY CENTS CLOSE DOWN 52w high/low DBXT E50 US$ 4450 -181.8 -2.9 5300/3968 DBXT MSKorea US$ 5177 -108.5 -1.5 6050/4478 DBXT MSTaiwan US$ 1864 -80.1 -3.1 2354/1667 DBXT MSMSIA US$ 1145 -51.6 -3.2 1367/990 GLD US$ ***** -51.6 -0.3 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low UOB MB eCW*****4
      78 words
    • 78 12 VOL CLOSE($) CHANGE VGO 236.0 0.070 +0.009 +14.75 HLH 67,490.4 0.008 +0.002 +33.33 ChinaKundaTech 925.0 0.023 +0.004 +21.05 Mary Chia 81.0 0.072 +0.003 +4.35 Anchor Resources 61,498.4 0.138 +0.024 +21.05 Jumbo 31,859.8 0.490 +0.040 +8.89 Nippecraft 158.1 0.033 +0.002 +6.45 Union Steel 10.0 0.435 -0.095 -17.93 Thakral 28.9
      78 words
    • BROKERS’ TAKE
      • 208 12 Target price: S$0.58 May 5 close: s$0.49 Maybank Kim Eng, May 4 WE visited Jumbo’s newest restaurant at the IFC Mall in Shanghai last week and came away encouraged by what we observed. We hold on to our optimism that the IFC outlet could help China operations
        208 words
      • 144 12 Target price: S$4.25 May 5 close: S$3.53 RHB, May 5 THE market is wrong, in our view. Wilmar’s share price has been trading within a band of S$2.52-3.64 since 2012 but we think it is time to re-rate the stock due to the following reasons: 1) The
        144 words
      • 250 12  -  Compiled by Melissa Tan Target price: S$3.07 May 5 close: S$2.84 OCBC investment Research, May 5 UTILITIES saw a 7 per cent y-o-y drop in turnover to S$895 million, mainly due to lower high sulphur fuel oil (HSFO) prices in Singapore, but this was partially mitigated by
        250 words
    • 464 13 CURRENCIES REUTERS London THE yen weakened for a third day running on Thursday but was still close to a recent 18-month peak, with investors unconvinced by a signal from Japan’s prime minister that it could step in to weaken the currency. Most
      REUTERS  -  464 words
    • FOREX RATES
      • 471 13 May 5 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.960 4.864 0.653 5.804 49.786 99.027 0.801 8.730 2.993 1.086 78.259 35.325 1.015 11.136 0.718 24.209 26.287 0.516 0.748 Canada 1.041 5.065
        471 words
      • 155 13 May 5 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0143 1.0157 0.7476 0.7481 Canadian dollar 1.0563 1.0574 0.7788 0.7786 Euro 1.5537 1.5554 1.1452 1.1456 NZ dollar 0.9337 0.9350 0.6882 0.6887 Sterling pound 1.9644 1.9662 1.4479 1.4482
        155 words
      • 22 13 May 5 S$ Bid Offer 1-month 1.3576 1.3588 2-months 1.3583 1.3597 3-months 1.3590 1.3602 6-months 1.3605 1.3619 Source: OCBC
        22 words
      • Article, Illustration
        2 13
        2 words
      • 2 13
        2 words
      • Article, Illustration
        1 13
        1 words
      • Article, Illustration
        2 13
        2 words
    • EQUITY BONDS WARRANTS FUTURES
      • 387 13 May 5 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES May16 9615.00 9625.00 9560.00 9615.00 *****8 *****0 Jun16 9352.50 9372.50 9310.00 9372.50 4087 ***** NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 ***** *****7 Sep16 *****.00 *****.00 *****.00 *****.00 1 1181 MSCI TAIWAN
        387 words
      • 377 13 In local curr In S$ In US$ dy yr dy yr dy yr May 4 Index Change Change Change Change Change Change World Preliminary 1235.9 -0.7 -3.3 -0.5 -5.5 -0.9 -1.2 EAFE Preliminary 925.5 -0.8 -8.7 -0.8 -8.2 -1.2 -4.0 Europe Preliminary 1314.1 -1.0 -7.0
        377 words
      • 215 13 Most active May 5 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left UOB MB eCW*****5 5.6 -0.8 7620 0.1 1890 2 China Star Food Group W*****7 9.5 1.8 7063 1 33 4.47 23 DBS MB eCW*****5 3.5 unch 5136
        215 words
    • BANK RATES
      • 154 13 May 5 $S Offer Bid 0vernight 0.05 0.02 1-month 0.7500 0.6250 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: 0.03 US$ 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 1.05 0.85 9 months 1.25 1.05 12
        154 words
      • 59 13 May 5 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 5-Year NX*****X 2.250 01-Jun-21 103.21 10-Year NX*****Z 2.375 01-Jun-25 103.04 103.25 103.17 15-Year NZ*****F 2.875 01-Sep-30 106.15 20-Year NZ*****V 3.375 01-Sep-33 113.07 30-Year NA*****H 2.750 01-Mar-46 103.91 Note:
        59 words
    • AGRI METALS ENERGY
      • 250 13 May-4 Price Net change change Last Trade Agricultural May-4 CBOT Soybeans (US cents/bu) 1024.50 3.00 0.29% 13/05/2016 CBOT Soybean Oil (US cents/lb) 32.20 0.07 0.22% 13/05/2016 CBOT Wheat (US cents/bu) 460.50 0.75 0.16% 13/05/2016 May-4 LIFFE Cocoa (£/tonne) 2299.00 -1.00 -0.04% 13/05/2016 LIFFE Coffee (US$/tonne) 1552.00 -2.00 -0.13%
        250 words
    • 1814 14 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 151.5 127 AIMSAMP Cap Reit 139.5cd +1 154 139.5 138.5 0.9 8.1 886.3 Div 175.5 101 ARA Asset Mgmt 124 +5 874 124
      1,814 words
    • 364 14 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net MCap High LOW 19.9 8.3 t Anchor Resources 13.8 +2.4 ***** 13.8 11.4 38.6 Sale ('000) High LOW C'vr P/E 25.5 8.8 t 3Cnergy 9.5
      364 words
    • 106 14 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol ('000) 399 190 DBXT MSBrazil US$ US307 +5 19 307 306 Low 6050 4478 DBXT MSKorea US$ US5177 -80 5177 5177 7.5 1367 990 DBXT MSMSIA US$
      106 words
  • Page 8 Advertisements
    • 170 8 Authentic Flavours of Penang Express Lunch For a limited period from April to May, savour our new Authentic Flavours of Penang Express Lunch at our Lobby Lounge. Your Penang street food experience begins with a three-course menu featuring Chicken “Lor Bak" as the appetiser, a choice of Assam Laksa with
      170 words

  • Page 9 Advertisements
    • 57 9 14 MAY 2016, SATURDAY 15 MAY 2016, SUNDAY TIME CHEF ESTABLISHMENT TIME CHEF ESTABLISHMENT 10AM Martin Woo Mo’Mor Izakaya 12PM Yuichiro Suzuki Ki-Sho 2PM Jun Chen TFS Private Works 4PM Takayoshi Takei Shinji by Kanesaka 10AM Kenji Yamanaka béni 12PM Norihito Saji Syun, Resorts World Sentosa 2PM Kenji Okumura Keisuke
      57 words

  • Page 10 Advertisements
    • 399 10 NOTICES IN THE MATTER OF COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KADOKAWA ACADEMY SINGAPORE PTE. LTD. REG. NO. *****1639R (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the Company held on 28 April 2016, the following Resolutions were
      399 words
    • 363 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF S B INVESTMENT (PTE) LTD (Co Registration No. *****3195W) (Incorporated in Singapore) (In Members’ Voluntary Liquidation) NOTICE OF RESOLUTION At an Extraordinary General Meeting of S B Investment (Pte) Ltd, duly held at 200 Jalan Sultan
      363 words

  • Page 11 Advertisements
    • 2397 11 ©GAfiYIAN CHINA GAOXIAN FIBRE FABRIC HOLDINGS LTD. m I V (Incorporated In the Republic of Singapore with limited liability) 't' (Co. Reg. No: 20Q*****2K) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting ("AGM") of CHINA GAOXIAN FIBRE FABRIC HOLDINGS LTD. (the "Company will be
      2,397 words



  • Page 14 Advertisements
    • 71 14 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



  • BANKING & FINANCE
    • 673 17 “Big Four” banks rethinking strategies to boost productivity and lower costs as profit margins get squeezed REUTERS Sydney AUSTRALIA’S major lenders this week signalled they are ready to forego some of the highest dividends in the banking world after seven
      REUTERS; PHOTO: AFP  -  673 words
    • 716 17 NYT New York The nation’s consumer watchdog is unveiling a proposed rule on Thursday that would restore customers’ rights to bring class-action lawsuits against financial firms, giving Americans major new protections and delivering a serious blow to Wall Street that could
      NYT  -  716 words
    • 543 17 AFP Frankfurt THE European Central Bank on Wednesday said it would stop producing and issuing 500-euro banknotes, amid fears that the violet-coloured bills were favoured by criminals for money laundering and even terrorist financing. The bank is to stop issuing the 500-euro bills (S$ 775) around
      AFP  -  543 words
  • Page 17 Advertisements
    • 740 17 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices BANKOFSINGAPORE Asia's global private bank A subsidiory of OCBC Bank BANK OF SINGAPORE LIMITED Registration Number: *****0866R Registered Office: 63 Chulia Street, #10-00 OCBC Centre East, Singapore *****4 IMPORTANT The financial information as set out below is an extract of the
      740 words

  • ENERGY & COMMODITIES
    • 595 18 Trading volumes at three major exchanges are just more than half of April 22 peak levels BLOOMBERG Shanghai THE fever that’s gripped Chinese commodity markets is easing. Speculators who traded 1.7 trillion yuan(US$261 billion orS$355 billion) futures in a single day last month have retreated
      BLOOMBERG; PHOTO: AFP  -  595 words
    • 459 18 BLOOMBERG London BIG Oil is suddenly Big Chemical. For years, the business of turning gas and crude into the chemicals used to make everything from plastic bags to paint has been a mostly unloved corner of the world’s largest oil
      BLOOMBERG  -  459 words
  • Page 18 Advertisements
    • 982 18 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Admiralty in Personam No. 249/2014 Admiralty Action in personam: Between BERLITZ OFFSHORE LTD (British Virgin Islands Registration No. *****26) Plaintiff(s) And 1. SP POWERASSETS LIMITED (Singapore UEN No. *****2108D) 2. SP POWERGRID LIMITED (Singapore UEN No. *****6959Z) and all other persons
      982 words
    • 263 18 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
      263 words
    • 647 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SOLTA MEDICAL SINGAPORE PRIVATE LIMITED (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****6387Z) NOTICE OF RESOLUTIONS At the Extraordinary General Meeting of Solta Medical Singapore Private Limited duly convened and held on the 28th day of
      647 words
    • 631 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PUMA ENERGY FAR EAST SUPPLY CO PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****3595W NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 10 Collyer Quay #29-00, Ocean Financial Centre,
      631 words
    • 572 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF RIDGE INVESTMENTS PTE. LTD. (In Member’s Voluntary Liquidation) (Company Registration No. *****5874D) NOTICE TO CREDITORS NOTICE IS HEREBY GIVEN that the creditors of RIDGE INVESTMENTS PTE. LTD., which is being voluntarily wound up, are required on
      572 words
    • 647 18 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF FIRSTRUST EQUITY PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****1359R) NOTICE OF MEMBERS’ VOLUNTARY LIQUIDATION The following resolutions were unanimously resolved at the Extraordinary General Meeting of Members of the above Company on 30 April
      647 words

  • TECHNOLOGY
    • 563 19 BLOOMBERG Hong Kong ALIBABA Group Holding Ltd has more than doubled profit in the span of a year. But you wouldn’t know it from looking at its stock. Its shares have lost more than a third of their value since peaking at US$120 just
      BLOOMBERG  -  563 words
    • 321 19 BLOOMBERG Los Angeles YOUTUBE is working on a paid subscription service called Unplugged that would offer customers a bundle of cable TV channels streamed over the Internet, people familiar with the plan said. The project, for which YouTube has already overhauled its technical architecture,
      BLOOMBERG  -  321 words
    • 671 19 272 million stolen online accounts include those of Russian, US-based email services REUTERS Frankfurt HUNDREDS of millions of hacked usernames and passwords for email accounts and other websites are being traded in Russia’s criminal underworld, a security specialist told Reuters. The
      REUTERS  -  671 words
  • Page 19 Advertisements
    • 330 19 Oft/ 1 o AN ASME-LIANHE ZAOBAO AWARD Sinsapore Prestise Brand Award 16 V V cam SPBA MARK OF RESILIENCE «lbP CO-ORGANISERS OFFICIAL BANK In today's highly competitive business landscape, how do you fight the odds to develop the potential of your brand and accelerate its growth, the way the resilient
      330 words

  • CONSUMER
    • 615 20 Move will cut its stake in project from 34% to 27%, stokes speculation of a Crown buyout BLOOMBERG Hong Kong CROWN Resorts, the gaming company of James Packer, sold a US$800 million stake in its Macau venture after a two-year downturn
      BLOOMBERG  -  615 words
    • 385 20 REUTERS London WEARABLE fitness device maker Fitbit Inc’s profit forecast for the current quarter fell far short of analysts’ estimates, overshadowing a strong first quarter report, sending the company’s shares down 13 per cent in after-hours trading. Fitbit has been spending heavily
      REUTERS  -  385 words
    • 974 20 NYT Hong Kong ON Java Road in Hong Kong, a new pair of brown leather Gucci loafers, lovingly wrapped in cellophane, hangs from a storefront the deal of a lifetime at less than US$3. Just not this lifetime. The shoes are
      NYT; PHOTO: AFP  -  974 words
  • Page 20 Advertisements

  • TRANSPORT
    • 968 21 Potential gains for East Coast ports stymied by delayed port fixes, a freighter glut and a wobbly global economy REUTERS Chicago THE US$5.2 billion expansion of the Panama Canal was expected to make US East Coast ports more competitive for cargo ships
      REUTERS  -  968 words
    • 316 21 Singapore KEPPEL Offshore Marine has completed the US$ 100 million acquisition of Cameron International Corporation’s offshore product division, which comprises the LeTourneau jack-up rig designs, rig kit business, as well as its aftersales and aftermarket services. This now gives Keppel the biggest share of
      316 words
  • Page 21 Advertisements
    • 138 21 In the Matter of The Companies Act, Cap. 50 AND IN THE MATTER OF CRJF One Pte. Ltd. (In Members’ Voluntary Liquidation) (Co. Reg. No. *****3256K) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final General Meeting
      138 words
    • 1104 21 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
      1,104 words
    • 485 21 SHINHAN BANK (INCORPORATED IN THE REPUBLIC OF KOREA) CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME For the years ended December 31,2015 and 2014 Other comprehensive income: Items that are or may be reclassified subsequently to profit or loss Foreign currency translation differences for foreign INDEPENDENT AUDITORS' REPORT (Based on a report originally
      485 words

  • REAL ESTATE
    • 425 22  -  Prices continued to moderate by 0.1% from a month ago, figures from SRX Property show By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore RESALE volumes of HDB flats rose to a record monthly high since November 2012, according to SRX Property
      Source: SRX Property/HDB  -  425 words
    • 762 22  -  MOU also inked with the Singapore Mediation Centre on Thursday By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore THE newly minted Singapore Estate Agents Association (SEAA) has appointed real estate veteran Wong Cheong Hong, the former key executive officer of Dennis Wee Realty, as
      762 words
    • 931 23 The apartments will be in three buildings that will rise up to 16 floors in the parking lots and grassland of housing projects in Brooklyn and the Bronx NYT New York MOVING towards its goal of building 80,000 new affordable housing units over
      NYT; PHOTO: BLOOMBERG  -  931 words
  • Page 22 Advertisements
    • 48 22 ask St you ask. we answer. www.stra itsti mes.com/askst 1 What’s the latest food craze in town? Tan Hsueh Yun, Food Editor Have a question? Let ST's correspondents provide the answers Send your questions to askst@sph.com.sg THE STRAITS TIMES o V' 4 -:'yo ll WM-: II)'-' iiA'M {/A
      48 words

  • Page 23 Advertisements
    • 741 23 D10 HOUSE FOR SALE CLUNY HILL GCB AREA Botanic Gardens GCB A* locale. *****/ 5000sf. 5rms. Good Value Walk to MRT/ amenities. 1KM to NYPS. Quiet. Park 4-5 cars. Call Pris 9790 9122 (RS) D10 HOUSE FOR SALE GOOD CLASS BUNGALOW You are invited for an Exclusive Private Viewing at
      741 words

  • GOVERNMENT & ECONOMY
    • 841 24 Reduced output from world’s fourth-biggest crude producer helped lift benchmark oil prices BLOOMBERG Calgary A SPREADING wildfire in northern Alberta forced almost 900 more people to be evacuated overnight, adding to the 80,000 already relocated as an inferno around Fort
      BLOOMBERG; PHOTO: REUTERS  -  841 words
    • 387 24 BLOOMBERG Brussels BELGIUM’S finance minister signalled his country may pull out of plans by a group of European Union (EU) nations to impose a financial-transaction tax, a step that would leave the initiative hanging by a thread. Johan Van
      BLOOMBERG  -  387 words
    • 477 24 REUTERS London LABOUR candidate Sadiq Khan was set on Thursday to become the first Muslim to be elected mayor of London, loosening the ruling Conservatives’ hold on Britain’s financial centre after a campaign marred by charges of anti-Semitism and extremism. His
      REUTERS  -  477 words
    • 503 24 REUTERS London BRITAIN’S economy slowed in April and may stall as consumers worry about June’s referendum on whether Britain should remain a member of the European Union (EU), a survey of the dominant services industry showed on Thursday. If last month’s weakness
      REUTERS  -  503 words
    • 1418 25 Mohammed bin Salman’s rise gives power to new generation; his ambitious plans, aimed at ending dependence on oil by 2030, will challenge bureaucracy, conservatives REUTERS Riyadh SAUDI Deputy Crown Prince Mohammed bin Salman got a standing ovation when he visited a gathering of Saudi
      REUTERS  -  1,418 words
  • Page 24 Advertisements
    • 66 24 A Uniquely Positioned Event An Effective Marketing Branding Platform for Financial Institutions in Asia. What Makes INVEST Fair Unique? Largest Investment Event In Singapore Proven Results For Exhibitors Maximum Unlimited Marketing Possibilities Extensive Marketing On Print, Online, Outdoor, Radio, Social Media and Other Platforms Flexible Sponsorship Packages CELEBRATING 10 SPLENDID
      66 words
    • 90 24 printpack+sign SINGAPORE'S PRINTING, PACKAGING SIGNAGE BUSINESS EXHIBITION 29 JUNE-1 JULY2016 Level 1, Hall B, Sands Expo Convention Centre Marina Bay Sands, Singapore www.PrintPackSign.com SEE ADVANCED TECHNOLOGIES AND PRODUCTS! tpsaws r 5 AVS, Epson, Konica Minolta, Mimaki at PP+S 2015 Free* admission, register now! www.PrintPackSign.com/reg2 4ir„ > 1 fees? TRADE BUYERS
      90 words
    • 107 24 4's ■-a*' 9/ mr c* 1 HM Surprise your mum with a gift that commemorates a significant date in her life. Pick a digitised front page newspaper of the date to be placed on one of our specially selected merchandise. Or if a subject matter close to her heart has
      107 words

  • Page 25 Advertisements
    • 261 25 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
      261 words

  • OPINION
    • 538 26 EDITORIAL JAPANESE stocks have been under intense pressure after the Bank of Japan (BOJ) contrary to market expectations, kept its monetary policy unchanged last week, by holding its negative interest rates at -0.1 per cent and maintaining the size of its asset-purchase programme.
      538 words
    • 918 26  -  THE BOTTOM LINE By Anne-Sophie de Guerry T The writer is Partner, Marketing Communications, at Texere Advisors, which specialises in helping fashion and lifestyle brands to expand into new markets. Retail or the expansion of mono-brand point of sales is the only route to
      918 words
    • 1237 26  -  Despite decades of economic structural reforms, much work is still needed especially in infrastructure to provide the foundation for strong and sustained growth. BY LITO CAMACHO growth.BY LITO CAMACHO T The writer is vice chairman, Asia-Pacific at Credit Suisse and former
      PHOTO: BLOOMBERG  -  1,237 words
    • 588 27  -  COMMENTARY By Leila Abboud BLOOMBERG VIEW AD AGENCIES have had to endure the rise of the geeks as Google and Facebook emerged as mighty marketing machines. The next challenge is spreadsheet-wield-ing nerds. Consulting firms such as Accenture, Deloitte and IBM, better
      BLOOMBERG; VIEW  -  588 words
    • 2635 27  -  It may be worthwhile to revisit the four-month deadline in the light of how this may have aggravated clustering of AGMs. There’re good reasons to consider allowing another month to hold AGM.BY MAK YUEN TEEN AND CHEW YI HONG AGM.BY MAK YUEN TEEN,
      PHOTO: FREEIMAGES  -  2,635 words


  • Page 28 Advertisements
    • 1127 28 THE BUSINESS TIMES V’-a-'V Shipping times MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PGU PKL KUC JKT SUR COSMIC ACE 002 100 9/5 10/5 12/5 TOYO PEARL 008 100 11/5
      1,127 words
    • 374 28 C a i l a n E n n o r e J e d d a h B r Shanghai Chittagong Ho Chi Minh i s b a n e J e b e l A i H o n g NYK RORO (ASIA) PTE. LTD. K o n
      374 words
    • 492 28 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6379 5066 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE JKT SIN TARAGO FF617 15/04 19/04 21/04 23/04 27/04 03/05 In Port TIJUCA FF619 05/05 09/05 11/05 13/05 18/05 24/05 TAMERLANE FF620 13/05
      492 words
    • 246 28 ENG LEE SHIPPING CO PTE LTD Tel: *****222 (10 Lines) Fax: *****174/*****960 Website: www.englee.com.sg/Email: marketing@englee.com.sg CR No: **********0C REGULAR FEEDER SERVICES TO INDONESIAN (DE1) VESSEL VOY SIN ETA SIN ETD DESTINATION FREQUENCY Marco Polo 258 TTS024 07/05/2016 08/05/2016 Tebing Tinggi/Jambi DAILY Marco Polo 888 BST250 07/05/2016 08/05/2016 Buatan/Buatan DAILY Marco
      246 words

  • BT Lifestyle
    • 1804 29  -  Resurging interest in all things vintage has inspired event organisers to put an old spin on upcoming music events. On top of indie music headliners and regional stars, expect Cantonese opera, getai, local 60s rock beats, and even Teochew puppetry as heritage takes centre stage. BY TAN TECK
      FILE PHOTO  -  1,804 words
  • Page 29 Advertisements

  • CINEMA
    • 707 30  -  Aussie actor Eric Bana explains how he came to star in the Netflix movie Special Correspondents and the one thing he will never do. BY AVANTI NIM avantin@sph.com.sg IT’S a little-known fact that like Kevin Spacey and Tom Hanks, Australian actor Eric Bana started
      PHOTO: ADRIEN LACHAPELLE  -  707 words
    • 604 30  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT THERE are a few things in life nobody quite expected: Leicester City being crowned as English football champions, Donald Trump as the last US Republican presidential candidate standing, and the North-South line running smoothly for 100 days before promptly breaking
      604 words
    • 543 30  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT THE Witch is not a scary horror film. You won’t be squirming (much) or tossing your popcorn in the air or watching through splayed fingers over your eyes like the audience normally would at
      543 words
  • Page 30 Advertisements

  • ARTS
    • 602 31  -  The ex-Bond girl fails to convince as she plays an ageing socialite in Noel Coward’s play, The Vortex. BY HELMI YUSOF BY HELMI YUSOF helmi@sph.com.sg @HelmiBT JANE Seymour screen siren, ex-Bond girl, English rose for all season makes her Asian stage
      602 words
    • 708 31  -  By Cheah Ui-Hoon uihoon@sph.com.sg BORN in Iran, artist Steve Lawler grew up in Hong Kong and has lived in Singapore since 2003. Couple that with his love for B-grade movies and trash cinema, and it’s no wonder that his works are a
      708 words
    • 477 31  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT THE new Shakespeare in the Park drops the four-centuries-old Romeo Juliet into a futuristic dystopia. A grey industrial stage with interlaced Es-cher-like staircases hints at claustrophobia and paranoia. Its jagged backdrop suggests the steel and glass of skyscrapers battling
      477 words
    • 449 31  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT THERE seems to be a popular belief among jailbirds that when you enter Changi Prison, it’s best to stop thinking about Singapore altogether its food, its places, its entertainment, its people. When the older ones catch a newcomer getting misty-eyed about
      449 words

  • PURSUITS
    • 1118 32  -  Wines tasted at a recent dinner were from great Domaines and from good to great vintages but, sadly, some fell short of expectations. BY NK YONG expectations.BY NK YONG SOME stunning names were lined up on the table at a recent dinner. Chateau Petrus 1978, Montrachet
      PHOTOS: NK YONG  -  1,118 words
    • 450 32  -  By Avanti Nim avantin@sph.com.sg GERMAN brands are well-known for their efficiency and attention to detail. And there’s no better-known German brand than luxury car maker Mercedes-Benz. So when it forays into new territory, you can expect all the best machinations recreated in a whole new way.
      450 words
    • 561 32  -  By Tan Teck Heng thtan@sph.com.sg TWO decades ago, three comedians got their start wearing cheesy costumes at theme park Haw Par Villa. Now, the celebrated trio Malaysia’s Joanne Kam, drag queen Kumar, and Gurmit Singh will reunite on the Resorts World Theatre stage in Laugh Die You The
      PHOTOS: POPCORN STUDIO  -  561 words
  • Page 32 Advertisements
  • Page 32 Miscellaneous
    • 316 32 CRYPTIC CROSSWORD Across 1 Charles and his mother must supply drink after drink (6) 5 Working on the sly? Really! (8) 9 Dismay poor Tories cannot win without Women’s Institute (13) 10 Play one’s part quietly, subject to law (8) 11 Two females beam after a disturbance of the peace
      316 words

  • CITY LIFE
    • 563 33  -  After working only with girls for a decade, Beautiful People will now reach out to teenage boys as well. BY CHEAH UI-HOON BY CHEAH UI-HOON uihoon@sph.com.sg TEN years after it started a befriending and mentoring programme for at-risk teenage girls, Beautiful People
      563 words
    • CITY BUZZ BT writers' picks of what to see, do or talk about
      • Article, Illustration
        200 33  -  DINING By Tay Suan Chiang WITH its mishmash of tenants from casual eateries to dance-and-speech academies, PoMo is not exactly a fine dining hotspot. But The Clan hopes to change that now that it’s moved there from its previous location at Bukit Pasoh. The Clan recently changed
        200 words
      • 366 33  -  By Dylan Tan MOVIES European union Film Festival 2016 SINGAPORE’S longest-running foreign film festival, the European Union Film Festival (EUFF), kicks off next week. Presenting the best of contemporary European cinema from big-budget to arthouse that rarely get screened outside of the continent, the 26th
        366 words
      • 172 33  -  DINING By Rachel Loi BOOK a meal at the Shangri-La Hotel with guest chef Daniel Quintero next week, when he comes to town for a five-night pop-up dinner. Chef Quintero heads Grill 79 at the China World Summit Wing in Beijing and is
        172 words
      • 209 33  -  CAREER FAIR By Tay Suan Chiang If you are a mum, or know of a mum who has difficulty getting back into the workforce, here’s help. At the Focus on Women Career Session, there will be employers and business leaders to give advice on returning
        209 words
      • Article, Illustration
        145 33  -  DANCE By Helmi Yusof FRONTIER Danceland presents Sides 2016 (right), its annual mid-year triple bill of works showcasing emerging contemporary choreographers. One of the three choreographers is Israel’s Shahar Biniamini, a student of the great Ohad Naharin of Batsheva Dance Company. Biniamini is a practitioner of Gaga a
        145 words
      • 134 33  -  ARTS By Cheah Ui-Hoon GUANGDONG-BORN, Shanghai-trained Fan Chang Tien (1907-1987) was instrumental in the flourishing of a new Shanghai School of Art in Singapore. The art he taught has a direct lineage from the Shanghai School of Art grandmaster Wu Chang Shuo, who modernised Chinese ink art
        134 words