The Business Times, 7 May 2016

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Microfilm: NL33855
Total Pages: 40
1 32 The Business Times
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      57 1 BT Living THE BUSINESS TIMES WEEKEND MAY 7 8 2016 BESPOKE CHINESE MENUS Restaurants serve up unusual fare L2-4 PHOTO: DAVID YIP DINING Unique venues on the menu L6-7 GADGETS Tech toys for mum L8-9 MOTORING Natural performer L15 BEAUTY Charge up for radiant skin L10-11 GOLF Swinging into action
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  • BT Living
    • DINING
      • Article, Illustration
        Lock icon Bespoke Chinese menus
        1662 2/3  -  The challenge of creating special dishes and new flavours is firing up the creative juices of local Chinese restaurants as more and more customers ask for creations beyond the typical menu. By David Yip By David Yip THE Chef’s Table especially in a famous restaurant is the
        PHOTOS: DAVID YIP; TERRINE PHOTO: ANDREW WONG  -  1,662 words
      • Article, Illustration
        Lock icon Inventively delicious
        513 4  -  In the already rich panoply of dishes that has arisen from the “out-of-menu” wave, here are some absolute standouts. By David Yip By David Yip Nian Gao (above) Chef Tonny Chan was once given a packet of dark-coloured sugar with an interesting provenance. It came from a tiny
        PHOTOS: CLARENCE CHOA  -  513 words
      • Article, Illustration
        Lock icon Helping hawkers survive the Internet age
        783 5  -  Jonathan Faynop wants to ensure that Singapore’s culinary heritage is preserved for our future generation. By Rachel Loi rachloi@sph.com.sg @RachelLoiBT ENTREPRENEUR Jonathan Faynop started his food delivery app hawker.today with a very simple vision. He was frustrated at the lack of food delivery options
        PHOTO: YEN MENG JIIN  -  783 words
      • Article, Illustration
        Lock icon UNIQUE VENUES ON THE MENU
        1474 6 / 7  -  BT Weekend sources high-end alternative dining places to sate the palate of those who are looking for a change of scenery By Avanti Nim avantin@sph.com.sg By Rachel Loi rachloi@sph.com.sg @RachelLoiBT SUN, SEA AND FOOD Eagle Wings Yacht Charter www.eaglewingsyachtcharters.com.sg Z 9228-2222 IF the rate of
        1,474 words
    • GADGETS
      • Article, Illustration
        Lock icon Tech toys for mum
        1283 8 / 9  -  This Mother’s Day, give the beloved woman in your life a gadget to lighten her household load or to pamper herself with. By Sherwin Loh sherwinl@sph.com.sg @SherwinLohBT LG Styler S$2,999 Taking off your shoes at the door before stepping into the home might be the norm
        1,283 words
    • BEAUTY
      • Article, Illustration
        Lock icon Charge up for radiant skin
        1160 10 / 11  -  Once only part of a hardcore beauty junkie’s arsenal, fancy home devices are becoming essential elements in everyone’s skincare regimen. By May Yip THOUGHT the Korean 10-step skincare routine was the ultimate commitment to looking youthful? Think again. Slathering on layers of creams and serums
        1,160 words
      • Article, Illustration
        Lock icon GORGEOUS GADGETS
        414 10 / 11  -  Zap your way to a brand new look with the latest in beauty devices. By May Yip BSKIN ELVi Energy Light Vibration Iontophoresis S$464, www.bskin.com. email customercare_sg@bskin.com or call 6273-9277 to buy THE delicate skin of the face and neck are the only areas of the body where
        414 words
    • HOME & GARDEN
      • Article, Illustration
        Lock icon Self-designed dream home
        1314 12 / 13  -  Reflecting her ideas and her daughter’s needs, the cosy design of her apartment has turned interior designer Sarah Tham into a homebody. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT A FEW years after Sarah Tham started her interior design firm Cube Associate
        PHOTOS: YEN MENG JIIN  -  1,314 words
    • MOTORING
      • Article, Illustration
        Lock icon THE PERFECT PACKAGE
        479 14  -  The BMW M2 Coupe is pint-sized but power-packed. By Samuel Ee By Samuel Ee samuelee@sph.com.sg GOOD things come in small packages and one of the best examples of this has to be the BMW M2 Coupe. The M2 fills the compact performance coupe niche once again after
        479 words
      • Article, Illustration
        Lock icon Red Bull special for S'pore GP
        221 14  -  By Samuel Ee WANT to rub shoulders with F1 drivers at September’s 2016 Singapore Grand Prix? You can with a new “Red Bull Racing Turbo Seats” package. Race promoter Singapore GP this week announced special tickets for fans to have an exclusive evening with
        221 words
      • Article, Illustration
        Lock icon NATURAL PERFORMER
        607 15  -  The Lexus GS F sedan stands out for its naturally aspirated V8 engine. By Samuel Ee samuelee@sph.com.sg I N the world of high-performance executive sedans, the Lexus GS F may be outclassed in the power stakes but this is only because it has something that only the purist
        607 words
    • GOLF
      • Article, Illustration
        Lock icon Swinging into action
        1158 16  -  For amateurs who want to perfect their moves on the greens, it may be useful to have a coach to impart the finer points. By Justine Moss By Justine Moss TO have or not to have a golf lesson? That’s the question many golf amateurs ask themselves.
        1,158 words
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  • TOP STORIES
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      Lock icon CONTENTS
      52 2 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Househunt 16 Banking Finance 17 Energy Commnodities 18 Technology 19 Consumer 20 Transport 21-25 Govt Economy 22-25 Opinion 26-27 Wealth 28-30 Life Culture 31 LIVING Dining L2-7 Gadgets L8-9 Beauty L10-11 Home Garden L12-13 Motoring L14-15
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    • Article, Illustration
      Lock icon Job gains hit 7-month low
      549 2 Unemployment rate holds at 5%; numbers cast doubts on Fed rate hike this year LATEST US DATA Reuters Washington THE US economy added the fewest number of jobs in seven months in April and Americans dropped out of the labour force in droves, signs of
      Reuters; PHOTO: AFP  -  549 words
    • Article
      Lock icon MARKETS
      136 2 HSTI 2,730.80 (-37.01) HSTI FUTURES 2,730.00 (-34.00) HSIMSCI 306.37 (-4.47) HSIMSCI FUTURES 306.10 (-3.70) STOCKS Friday Change KL COMP 1,649.36 +4.27 NIKKEI 225 16,106.72 -40.66 HANG SENG 20,109.87 -339.95 SET 1,390.70 -7.17 JAKARTA 4,822.60 +10.33 MANILA 6,991.87 -7.88 KOSPI 1,976.71 -9.70 SHENZHEN B 1,096.02 -25.82 MUMBAI 25,228.50 -33.71 11.45
      136 words
    • Article
      Lock icon Volatile markets dent bonuses for some participating policyholders
      684 3  -  They can expect lower non-guaranteed bonus payouts than projected By Claire Huang huangjy@sph.com.sg@ClaireHuangBT Singapore THE prolonged low-interest-rate environment and volatile markets spell bad news for a fraction of participating (par) policyholders here, who can expect to receive lower non-guaranteed bonus payouts than
      684 words
    • Article
      Lock icon Yaacob: TechSkills Accelerator can build ICT workforce
      470 3  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore THE skills-development and job-placement programme introduced during this year’s Budget will go a long way to build a world-class infocomm workforce in Singapore, said Minister for Communications and Information Yaacob Ibrahim on Friday. The initiative, called TechSkills
      470 words
    • Article, Illustration
      Lock icon Decision day for Bukit Batok’s 25,727 voters
      620 4  -  After a 9-day campaign, voters there have to choose: the PAP’s man, or the SDP’s? BUKIT BATOK BY-ELECTION By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore IT is exactly eight weeks to the day since David Ong, the former People’s Action Party (PAP) lawmaker, vacated
      PHOTO: ONG WEE JIN/THE STRAITS TIMES; PHOTO: AIDAN LOO  -  620 words
    • Article
      Lock icon Bond risk in China state-owned firms ‘controllable’
      301 4 Reuters Shanghai CHINA’S state asset manager has described the risk in bonds issued by central governmentowned firms as “controllable”. The State-owned Assets Supervision and Administration Commission (SASAC) said it made the conclusion after a detailed probe into all bonds issued by such enterprises.
      Reuters  -  301 words
    • Article
      Lock icon Demand for China bonds remains strong despite default concerns
      893 5  -  They dominate Asia ex-Japan G3 debt market; DBS getting ringside seat in some mega deals B y Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore IT may surprise some that Chinese bonds continue to sell well given the constant barrage of negative reports
      893 words
    • Article
      Lock icon Plan to draw, retain local bus captains
      290 5  -  By Samuel Ee samuelee@sph.com.sg Singapore THE Sectoral Manpower Plan for the public bus industry was unveiled on Friday. It is aimed at attracting and retaining local bus captains to strengthen the Singaporean core, and help them grow their careers. Developed by the Public
      290 words
    • Article
      Lock icon S’pore again world’s best spot for infrastructure investment: index
      760 6  -  Republic has limited and largely govt-funded project pipeline, but it scores with its stable political and business environment By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore A REPORT has once again named Singapore the world’s most attractive market for infrastructure investors, despite its
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    • Article
      Lock icon Public-private partnerships not always the answer: ADB
      685 6  -  It says govts still need to collect revenue to build infrastructure to attract investors By Anthony Rowley btworld@sph.com.sg Frankfurt PUBLIC-private partnership (PPP) schemes can play a useful role in helping to close the huge gap in the provision of infrastructure funding in Asia
      685 words
    • Article
      Lock icon Norway’s sovereign wealth fund to scrutinise executive pay at firms
      740 7  -  Fund’s move may boost vigorous shareholder opposition to high director salaries By Neil Behrmann btworld@sph.com.sg London A GROWING shareholders’ revolt against excessive director remuneration has gained impetus from Norway’s 7,000 billion kroner (S$1.16 trillion) sovereign wealth fund. During the past
      740 words
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      44 3 ONG RADIO Live the Ultimate.™ 15 o if® i Smart home controls Si Private home theaters Superlative audio systems 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
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      98 5 THE BUSINESS TIMES LEADERS' FORUM 2016 SINGAPORE'S FUTURE ECONOMY SHAPING THE FUTURE ECONOMY: How Singapore Can Chart Its Next Phase Of Growth The forum will explore how Singapore can build a new economic eco-system, and create positive outcomes from disruption while playing to its strengths. It will feature Finance Minister
      98 words
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      23 7 Milk The Straits Times Recruit for the freshest collection of jobs every day! To advertise, call The Straits Times Recruit Hotline: 1800-289 8822
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      82 7 NOTICES BURGENER CONTINENTAL S.A. (In Voluntary Liquidation) Company No. (*****69) NOTICE is hereby given pursuant to Section 204, subsection (1)(b) of the BVI Business Companies Act, 2004 that the Company is in voluntary liquidation. The voluntary liquidation commenced on 3rd May, 2016. The Liquidator is Zheng Shushan of 65 Chulia
      82 words
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      Lock icon Page 7 Advertisements Column 3
      87 7 WE'RE BACK BIGGER AND BETTER! r< STJOBS CAREER& DEVEL0PMENT2016 JOIN US AT STJOBS CAREER DEVELOPMENT FAIR 2016 Showcase your company's profile to close to 1 million qualified job seekers Meet and interact with potential candidates face to face Recruit talented job seekers on the spot VENUE: Marina Bay Sands, Halls
      87 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Trading secrecy for transparency
      2491 8/9  -  Trafigura chief Jeremy Weir reflects on his company’s efforts to raise awareness of its business, something he says is a natural evolution. By Andrea Soh By Andrea Soh sandrea@sph.com.sg @AndreaSohBT TAKE an Australian, put him through 10 years in Switzerland, and what do you get? Barbeques
      PHOTO: YEN MENG JIIN  -  2,491 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Cosco reports Q1 loss, cites grim outlook
      388 10  -  Higher interest expenses from having incurred more debt wipe out gross profit By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore THE gloom continues for Chinese shipbuilder Cosco Corporation (Singapore), which reported a net loss of S$14.4 million in its latest quarterly results and forecast worse
      388 words
    • Article, Illustration
      Lock icon OUE H-Trust’s DPS hit by rights issue
      415 10  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore OUE Hospitality Trust (OUE H-Trust) warned of challenging times in the tourism industry, as it reported on Friday a lower distribution for its first quarter, dragged lower by its recent rights issue. It said distribution per stapled
      ST FILE PHOTO  -  415 words
    • Article
      Lock icon Shipping overcapacity sinks NOL deeper into the red in Q1
      372 10  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore NEPTUNE Orient Lines (NOL) on Friday reported a wider net loss for the first quarter in 2016 from a year ago, reflecting the worsening overcapacity of shipping tonnage carried over from 2015 into the
      372 words
    • Article, Illustration
      Lock icon STI continues its fall, slipping 3.8% for the week
      573 11  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent SELL in May and go away that’s what the old adage recommends. It’s now 10 days and counting that’s how long the traits Times Index has been falling, during which it has lost 230
      573 words
    • Article, Illustration
      Lock icon YuuZoo surges in brisk trading on stronger Q1 profit, revenue
      425 11  -  HOT STOCK By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore YUUZOO, a mainboard-listed social media, e-commerce and entertainment company, was the second-most active stock on Singapore Exchange on Friday, after commodities trader Noble. At the close of trading, some 44.45 million YuuZoo
      Source: Bloomberg  -  425 words
    • Article
      Lock icon GAINERS
      74 11 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 54.4 0.3 *****/***** Lyxor Indonesia US$ 7841 35.3 0.3 8804/6250 Hyflux 6% CPS ***** 30.0 0.3 *****/***** DBXT S&PShort US$ 2098 20.4 0.7 2393/2036 DBXT Vietnam US$ 2315 20.4 0.7 2786/2017 BY PERCENTAGE CLOSE UP 52w high/low Blumont 0.2 100.0
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    • Article
      Lock icon LOSERS
      74 11 BY CENTS CLOSE DOWN 52w high/low SPDR S&P500 US$ ***** -152.2 -0.5 *****/***** JMH USD 5475 -129.1 -1.7 6272/4500 Jardine C&C 3506 -115.0 -3.2 4520/2636 Lyxor Europe US$ 1291 -77.5 -4.2 1583/1150 DBXT China50 US$ 2670 -66.6 -1.8 4190/2355 BY PERCENTAGE CLOSE DOWN 52w high/low KLW Hldgs 0.5 -28.6
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    • Article
      Lock icon MOST ACTIVE
      35 11 VOLUME Noble 57,241,900 Yuuzoo 44,446,500 Ezra 40,498,100 HLH Grp 35,850,700 Golden Agri-Res 33,490,300 Market volume 1,275,669,000 VALUE Singtel 119,155,117 DBS Grp 106,217,031 UOB 82,832,413 OCBC Bank 70,200,244 Global Logistic 49,089,453 Market value 1,178,707,000
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    • Article
      Lock icon STI STOCKS
      312 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 241 cd +1 242/238 255 209 6.4 6334.6 CapitaCom Trust 140.5 -0.5 142/139 167 122.5 6.1 4153.7 CapitaLand 298 -7 303/297 367 267 11.9 3 *****.3 CapitaMall Trust 205 +1 207/201 224
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    • Article
      Lock icon SGX ETFs Most Active
      110 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap ABF SG Bond ETF 117.7 ***** 117.8/117.7 119/112 117.7/118 537.3 STI ETF 278 -3 1176 280/277 351/254 277/278 Nikko AM STI ETF 282 -3 209 284/282 357/259 282/283 6.8 DBXT MSBrazil US$ US303 -4 107 304/303
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      780 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning May 2 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Tee Intl 05-May-16 Phua Chian Kin Buy 35 0.22 *****0 55.63 *****5 55.64 Matex Intl 04-May-16 Tan
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 11 2 0 0 1 1 11 3 Manufacturing 25 47 29 7 11 8 32 58 37 Commerce 12 22 10 1 8 5 13 30 15 Tpt/Stor/Comms 11 20 2
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 23,615 365 23,980 71,723 75 71,798 Manufacturing 92,650 45,710 138,360 114,682 3,480 118,162 Commerce 81,561 11,869 93,430 89,204 346 89,551 Tpt/Stor/Comms 147,233 432 147,665 216,166 36 216,202 Finance 32,618 32,618 285,161 285,161 Construction 46,775 1,691
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 May 6 VALUE CLOSE BT OB/OS -704.00 -239.00 BT CADI -*****.00 -120.00 BT 10-day MA -*****.00 -70.00 FTSE ST Mid Cap 676.62 -2.92 FTSE ST Small Cap 394.07 -1.66 FTSE ST All Share 671.98 -7.75 FTSE ST China Top 160.66 -2.98 FTSE ST China 189.89 -4.44 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 12 VOL CLOSE($) CHANGE Ban Leong 35.1 0.180 -0.035 -16.28 Fuji Offset 19.0 0.250 +0.040 +19.05 ChinaKundaTech 4,456.7 0.026 +0.003 +13.04 Mun Siong Engg 786.3 0.065 -0.012 -15.58 Hengxin Tech 80.2 0.290 -0.010 -3.33 Transit Concrete 145.8 0.610 -0.060 -8.96 HLH 35,850.7 0.006 -0.002 -25.00 Infinio 250.1 0.002 +0.001
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    • Article
      Lock icon COMMODITY FUTURES
      193 13 May-5 Price Net change change Last Trade Agricultural May-5 CBOT Soybeans (US cents/bu) 1003.50 -21.00 -2.05% 13/05/2016 CBOT Soybean Oil (US cents/lb) 32.01 -0.19 -0.59% 13/05/2016 CBOT Wheat (US cents/bu) 453.00 -7.50 -1.63% 13/05/2016 May-5 LIFFE Cocoa (£/tonne) 2274.00 -25.00 -1.09% 13/05/2016 LIFFE Coffee (US$/tonne) 1584.00 32.00 2.06%
      193 words
    • Article
      Lock icon PALM OIL
      57 13 May 6 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 16 2587.0 2640.0 2641.0 2569.0 371 2438 Jun 16 2600.0 2637.0 2638.0 2589.0 5841 ***** Jul 16 2591.0 2628.0 2632.0 2582.0 ***** ***** Aug 16 2578.0 2605.0
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      Lock icon GOVERNMENT SECURITIES
      61 13 May 6 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-21 103.18 103.32 103.19 10-Year NX*****Z 2.375 01-Jun-25 103.21 103.15 103.05 15-Year NZ*****F 2.875 01-Sep-30 106.32 20-Year NZ*****V 3.375 01-Sep-33 113.27 30-Year NA*****H 2.750 01-Mar-46
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 May 6 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0021 1.0024 0.7373 0.7374 Canadian dollar 1.0578 1.0584 0.7786 0.7783 Euro 1.5524 1.5533 1.1422 1.1426 NZ dollar 0.9300 0.9308 0.6843 0.6847 Sterling pound 1.9699 1.9709 1.4494 1.4498
      155 words
    • Article, Illustration
      Lock icon Straits Times Index
      5 13 Source: Bloomberg
      Source: Bloomberg  -  5 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      210 13 Most active May 6 Prem Expiry Last Vol Conv Exer Disc Gear- Mths Company Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 8.5 -0.9 7488 0.1 1480 2 STI 2850 MB ePW*****0 7.6 0.4 4180 0.0 1 DBS MB eCW*****5 3 -0.5 3616 0.1 1600
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      377 13 In local curr In S$ In US$ dy yr dy yr dy yr May 5 Index Change Change Change Change Change Change World Preliminary 1239.1 0.2 -3.0 0.3 -5.2 0.0 -1.1 EAFE Preliminary 926.3 0.1 -8.6 -0.1 -8.3 -0.4 -4.3 Europe Preliminary 1315.1 0.1 -6.9
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    • Article, Illustration
      Lock icon STOCK MARKETS
      10 13 Source: Bloomberg Source: Bloomberg Source: Bloomberg Source: Bloomberg
      Source: Bloomberg  -  10 words
    • Article
      Lock icon Wing Tai’s revenue hurt by slowing sales
      474 14  -  Q3 revenue falls 35% to S$113m, net profit drops 27% to S$2.1m By Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore REGIONAL property developer Wing Tai Holdings saw its takings hit by slowing sales of its property units. Its revenue for the third quarter was down
      474 words
    • Corporate digest
      • Article
        Lock icon Rotary Engineering
        89 14 REACHING completion on some major projects led to a sharp drop in earnings for oil and gas engineering services provider Rotary Engineering in its first quarter. Net profit for the three months ended March 31 plunged 93 per cent to S$524,000, on the back of a 28 per
        89 words
      • Article
        Lock icon Frasers Hospitality Trust
        50 14 THE manager of Frasers Hospitality Real Estate Investment Trust on Friday said that the trust will acquire Germany’s Maritim Hotel Dresden for 58.4 million euros (S$90.7 million). This is Frasers Hospitality Trust’s first hospitality asset in Germany as well as its first acquisition from a third party.
        50 words
      • Article
        Lock icon GSH Corporation
        62 14 PROPERTY developer GSH Corporation reversed back into the black in the first quarter, boosted by higher revenue and a large gain in the fair value of financial derivatives. For the three months ended March 31, the group recorded a net profit of S$2.8 million, against a loss of
        62 words
      • Article
        Lock icon Bonvests Holdings
        51 14 BONVESTS Holdings on Friday announced that its subsidiary, Essential Investments, has entered into an agreement to sell two retail shop units for a total consideration of approximately S$13.7 million. The two units located at 220 Orchard Road, Midpoint Orchard, #B1-10 and #B1-11 will be sold to Chu Chee
        51 words
    • Article
      Lock icon CNTD gunning for 1.5b-2b yuan of new investments this year
      691 14  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore SINGAPORE-listed China New Town Development (CNTD) is exploring more fixed-return investments in urbanisation projects as well as downstream businesses, with a target to reach 1.5 billion yuan (S$313.6 million) to two billion yuan in
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  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      31 14 4Want access to BBQ pits? If you're looking for your dream condo complete with facilities, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
      31 words
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  • REAL ESTATE
    • Article
      Lock icon Developers still gloomy about prospects
      570 15  -  Despite slight uptick, real estate sentiment index remains under 5 in latest NUS-Redas survey By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore DEVELOPER sentiment remains weak, according to the latest NUS-Redas Real Estate Sentiment Index, with the composite sentiment index remaining below 5. The index (which is
      570 words
    • Article, Illustration
      Lock icon Rising London home prices hurting Bank of Mum & Dad
      643 15 Rising London home prices hurting Bank of Mum Dad Parents helping children with real estate purchases are now putting their own finances at risk Bloomberg London RECORD home values in London meant Sheila Shribman had to help her three children, who work as lawyers and a doctor, with a down
      Bloomberg; PHOTO: BLOOMBERG  -  643 words
    • Article
      Lock icon Househunt
      950 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN MAR 23 AND MAR 29, 2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 16 NON-LANDED Aquarius By The Park Apt 24/03/2016 99 893 890 996 Archipelago Apt 28/03/2016 99 829
      950 words
  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      37 15 HILLTOP VILLA PEIRCE HILL *****/9200 sf Rooftop garden, unblock view Almost brand new Designer’s hse Rare, quiet Attractive price Exclusive Marketing Agent K H Tan 9456 7348 Newsman Realty Pte Ltd Estate Agt L*****98F CEA Reg R*****9A
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  • BANKING & FINANCE
    • Article
      Lock icon Chinese firms leapfrogging IPO gridlock
      890 17 Reverse takeovers are in vogue, with over 750 companies in the queue for an initial public offering Reuters Hong Kong CHINESE companies looking to jump a massive queue of firms seeking to do initial public offerings (IPOs) and start trading their shares on the Shanghai
      Reuters  -  890 words
    • Article, Illustration
      Lock icon Japan’s mega banks likely to flag tough year as negative rates depress loan income
      564 17 Reuters Tokyo JAPAN’S three biggest banks are likely to flag lacklustre earnings for the current business year when they release forecasts this month, with loan income depressed by an economic stimulus policy that charges lenders to
      Reuters; PHOTO: REUTERS  -  564 words
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  • ENERGY & COMMODITIES
    • Article
      Lock icon China to take stronger action against illegal coal mining
      263 18 Reuters Beijing CHINA will take stronger action against illegal coal projects as it tries to tackle a massive capacity glut in the sector, the country’s state planning agency said, after ordering the closure of 38 projects. The National Development and Reform
      Reuters  -  263 words
    • Article
      Lock icon Shift in Saudi thinking on prices deepens Opec rift
      838 18 Riyadh now views targeting prices as futile against structural change Reuters Dubai AS OPEC officials gathered this week to formulate a long-term strategy, few in the room expected the discussions would end without a clash. But even the most jaded delegates
      Reuters  -  838 words
    • Article
      Lock icon Fitch puts Noble on negative rating watch
      301 18  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore THE last remaining credit rating agency with whom Noble Group still enjoys an investment-grade rating might now be changing its mind. Fitch Ratings on Friday said it was placing the largest commodity trader in Asia on a
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  • Page 18 Advertisements
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      48 18 HOT PROPERTY BOTANIC GDNS GCB A* locale *****sf. Good Value Walk to MRT/ amenities. 1km NYPS Quiet. 4-5cars. OLIVE RD HILLTOP villa 10K sf. Beautiful charming hse. Nice gdn/ pool. Motivated seller. LANDED PROPERTIES FOR SALE! Check out these properties and more in The Straits Times Classified now!
      48 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Second successful landing at sea for SpaceX after satellite launch
      422 19 Firm intends to offer cut-rate launch services by reusing its rockets on their return Reuters Cape Canaveral, Florida AN UNMANNED SpaceX Falcon 9 rocket on Friday blasted off from Florida to put a communications satellite into orbit, with the launch
      Reuters; PHOTO: REUTERS  -  422 words
    • Article
      Lock icon Apple, SAP to develop iPhone, iPad apps for businesses
      653 19 They say deal could attract millions of software developers, sell millions of devices Bloomberg Frankfurt APPLE Inc and SAP SE are joining up to deliver software for iPhones and iPads, opening a new avenue for Apple to reach businesses at a
      Bloomberg  -  653 words
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  • CONSUMER
    • Article, Illustration
      Lock icon China’s yuan policy holds out hope for HK retailers
      649 20 Shoppers could return, with alternatives such as Japan and Malaysia more expensive now Bloomberg Hong Kong HONG Kong’s embattled retailers are finally getting a break. After mainland tourist arrivals plunged last year as policymakers devalued the yuan, foreign-ex-change moves may now
      Bloomberg; PHOTO: BLOOMBERG  -  649 words
    • Article
      Lock icon MGM China Q1 revenue falls 25%; casino may miss opening deadline
      453 20 Bloomberg Tokyo MGM China Holdings reported on Thursday its revenue fell 25 per cent in the first quarter and said the planned opening of its new casino in Macau’s Cotai area may be delayed beyond the last target of
      Bloomberg  -  453 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon Bombardier pushes for airline talks, China breakthrough
      651 21 Firm is leveraging pivotal Delta deal to renew contact with established Western carriers Reuters Montreal BOOSTED by a pivotal CSeries deal with Delta Air Lines, Canada’s Bombardier Inc is rekindling sales talks with several US and European carriers, even as it eyes China,
      Reuters; PHOTO: REUTERS  -  651 words
    • Article
      Lock icon China starts trial run of first home-grown maglev train: report
      229 21 Reuters Shanghai CHINA has begun a trial run of its first magnetic levitation train, completely designed and built by local firms, marking a major leap in the technological capability of the country’s rail transport sector, the official Xinhua news agency
      Reuters  -  229 words
    • Article
      Lock icon Amazon could take as much as 30% stake in Atlas Air
      363 21 Bloomberg New York AMAZON.COM Inc could take as much as a 30 per cent stake in a large cargo airline, its second such deal this year as the e-com-merce giant steps up efforts to take control of its own
      Bloomberg  -  363 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Economic risks rising in central Europe: IMF
      497 22 But Russia’s economy could be perking up, with the worst of the slump possibly over Reuters London THE worst of the economic slump in Russia may be over, the International Monetary Fund (IMF) said on Friday, but warned that possible eurozone stagnation and
      Reuters  -  497 words
    • Article, Illustration
      Lock icon Hedge funds ready to bet on Greek ‘resurrection’
      799 22 Reuters London SOME hedge funds are eyeing investments in Greek stocks and debt they see as cheap, predicting a recovery after seven years of crisis even while politicians continue to wrangle over reforms needed to secure more aid. They say last year’s
      Reuters; PHOTO: REUTERS  -  799 words
    • Article, Illustration
      Lock icon India, Iran agree to clear US$6.4b in oil payments via European banks
      546 23 Buyers of oil could not use global banking channels during sanctions Reuters New Delhi THE central banks of India and Iran have reached an arrangement to use European banks to process pending oil payments to Teheran, India’s Oil
      Reuters; PHOTO: REUTERS  -  546 words
    • Article
      Lock icon China clamps down on bank bill financing after fraud
      301 23 Reuters Beijing CHINA has told banks to step up checks on their bill financing businesses to curb risks, after the sector was hit by several cases of bill fraud costing many millions of dollars. Chinese officials have warned against systemic risks
      Reuters  -  301 words
    • Article, Illustration
      Lock icon No sign of Brexit revolt as voters opt for no change
      1020 24 Conservatives even appeared to be on the brink of gaining a handful of council seats Bloomberg London IF Britain is a country on the brink of a revolutionary vote to defy its leaders and leave the European Union, there
      Bloomberg; PHOTO: BLOOMBERG  -  1,020 words
    • Article
      Lock icon Deputy minister’s body found after copter crash in Sarawak
      280 24 AFP Kuala Lumpur SEARCH teams have recovered the body of a Malaysian deputy minister in the Borneo island state of Sarawak near where a helicopter carrying her and five others is believed to have crashed, officials said on Friday. The Eurocopter
      AFP  -  280 words
    • Article
      Lock icon Australia cuts core inflation forecast
      639 25 Recession-level wage growth likely to persist longer than expected Bloomberg Sydney AUSTRALIA’S central bank forecast core inflation is unlikely to reach the bottom of its target this year and will probably only do so in the ensuing two years as the developed-world disinflation quandary emerges
      Bloomberg  -  639 words
    • Article, Illustration
      Lock icon Modi faces battle to extradite beer baron Mallya from UK
      744 25 Bloomberg New Delhi IF history is any guide, Indian Prime Minister Narendra Modi faces a long battle in convincing the UK to send back ex-billion-aire beer baron Vijay Mallya to face accusations of money laundering and failing to repay more
      Bloomberg; PHOTO: AFP  -  744 words
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      114 23 mm mr Sty. •f 1 I 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 been
      114 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Volatility taking its toll on volume
        953 28 / 29  -  Wall Street giants could face trouble as ‘paralyzing volatility’ hits not only equities but also currencies and bonds. By Andrea Wong and Oliver Renick By Andrea Wong, Oliver Renick Bloomberg THERE’S plenty of volatility, but what happened to the volume? From stocks to currencies
        Bloomberg; PHOTO: BLOOMBERG  -  953 words
      • BROKERS' TAKE
        • Article
          Lock icon StarHub Buy
          241 28 / 29 OCBC Investment Research, May 6 Target price: S$3.69 May 6 close: S$3.32 ALTHOUGH service Ebitda (earnings before interest, taxes, depreciation and amortisation) margin hit 33.8 per cent in Q1 2016, versus 30 per cent in Q1 2015, management has kept its 31 per cent guidance for the full
          241 words
        • Article
          Lock icon StarHub Sell
          307 28 / 29 UOB Kay Hian, May 6 Target price: S$3.03 May 6 close: S$3.32 REVENUE contraction has broadened from mobile to pay-TV. Bottom line was saved by lower handset subsidies due to the limited range of new smartphones available. The drag from pre-paid segment worsened as StarHub lost 7,000 pre-paid
          307 words
        • Article
          Lock icon Ascendas Reit Buy
          217 28 / 29  -  Compiled by Melissa Tan CIMB, May 6 Target price: S$2.52 May 6 close: S$2.41 PORTFOLIO WALE (weighted average lease expiry) stood at 3.7 years, with 19.4 per cent of gross revenue due for renewal in FY17. In Singapore, 21.3 per cent of gross revenue is due for
          217 words
      • Article, Illustration
        Lock icon Under-the-radar facts about Asia equities
        829 30  -  While headwinds remain for the region, valuation for Asian stocks is undemanding especially in comparison with some of the over-crowded markets such as the US and Europe. By Hue Lu WEALTH INSIGHTS By Hue Lu ~The writer is senior investment specialist, BNP Paribas Investment Partners.
        PHOTO: AFP; Source: Bloomberg, BNP Paribas Investment Partners, April 30,2016  -  829 words
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  • LIFE & CULTURE
    • Article
      Lock icon US bans sale of e-cigarettes to minors
      668 31 The first federally regulated ban, effective three months from now, also covers cigars, pipe tobacco and hookahs AFP Miami THE United States on Thursday issued a sweeping ban on sales of e-cigarettes, cigars, pipe tobacco and hookahs to those under 18, marking the
      AFP  -  668 words
    • Article, Illustration
      Lock icon Life as a female football referee
      502 31 AFP Lima, Peru A ROUGH tackle, the whistle blows and a foul is given. “Get back in the kitchen!” the player yells at the referee. It’s one of the kinder things male players have said to Melany Bermejo, one of the rare women referees
      AFP; PHOTO: AFP  -  502 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      312 31 CRYPTIC CROSSWORD Across 1 Dangerous guns a fellow’s carrying (6) 4 Get date with girl as naval weightlifter? (8) 9 Tell Eastern story, reading over (6) 10 Dish, possibly Roman, that’s devoured around Italy (8) 12 Wholly English triumph left out in story (8) 13 Lots of dogs getting face
      312 words
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      110 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 BRASSUS. THE EARLY WATCHMAKERS WERE SHAPED HERE, IN AWE OF THE FORCE OF NATURE YET DRIVEN TO MASTER
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