The Business Times, 9 May 2016

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Total Pages: 24
1 24 The Business Times
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  • Title Section
    Lock icon Masthead
    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 Monday, May 9, 2016
    22 words
  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 2,730.80 -107.72 KL COMP 1,649.36 -23.36 NIKKEI 225 16,106.72 -559.33 HANG SENG 20,109.87 -957.18 SHENZHEN B 1,096.02 -33.93 DOW 17,740.63 -33.01
    25 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    240 1 US stocks finished on a high note last week after a soft jobs report diminished the odds of a Fed rate hike. The rebound could continue this week if investors are convinced the central bank will stay on hold through the summer.TOP STORIES 2 China’s exports and imports
    240 words
  • Article, Illustration
    Lock icon Heading for SGX this June could be a S$900m Frasers Reit
    716 1  -  Frasers Centrepoint is spinning off some of its Australian logistics and industrial assets By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore AFTER much market talk, work seems to finally be underway for Frasers Centrepoint (FCL) to spin off some of its
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  • Article
    Lock icon Banks, fintechs tie up to plug SME funding gaps
    820 1  -  DBS, UOB partner fintechs to reach out to serve smaller firms unable to obtain short-tenor unsecured loans By leejamie@sph.com.sg Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore COLLABORATIONS between banks and fintechs (financial technology firms) even as they explore leadingedge technology could also play
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      Lock icon Page 1 Advertisements Column 1
      202 1 *****1 *****1 THE BUSINESS TIMES IWC. ENGINEERED FOR MEN Big Pilot’s Watch. Ref. 5009: Leaning heavily on the first Pilot's Watches and at the same time an original: like its illustrious predecessors, the latest Big Pilot's Watch masterfully combines precision technology with functional design. The largest calibre developed and built
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      28 1 OVERSUPPLY OF RETAIL SPACE Time to turn adversity into opportunity VIEWS FROM THE TOP 14-15 THE BUSINESS TIMES LEADERS’ FORUM Where disrupters face the disrupted TOP STORIES 4
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      12 1 NEW RESTAURANT Ozaki beef and more at ushidoki wagyu Kaiseki DINING OUT/23
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  • TOP STORIES
    • Article, Illustration
      Lock icon PAP’s Murali to be sworn in on Monday
      778 2  -  SDP chief Chee Soon Juan thanks voters and says party will remain active in ward BUKIT BATOK BY-ELECTION By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore FRESH from the high of helping the People’s Action Party (PAP) retain the Bukit Batok seat at last
      PHOTOS: DESMOND FOO & ONG WEE JIN / THE STRAITS TIMES  -  778 words
    • Article
      Lock icon Market cheers bad news, eyes Fed moves
      975 2  -  WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg STOCKS finished a losing week on a high note after a soft jobs report diminished the odds of a Federal Reserve rate hike. The rebound could continue this week if investors are convinced that the central
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    • Article
      Lock icon China’s April exports, imports decline more than expected
      511 2 REUTERS Beijing CHINA’S exports and imports fell more than expected in April, underlining weak demand at home and abroad and cooling hopes of a recovery in the world’s second largest economy. Exports fell 1.8 per cent from a year earlier, the General
      REUTERS  -  511 words
    • Article, Illustration
      Lock icon Australian PM calls for July 2 polls amid economic slowdown, instability
      536 2 since the last election in 2013. REUTERS Sydney PRIME Minister Malcolm Turnbull fired the starting gun on Sunday on one of the longest election campaigns in Australia’s history, against the backdrop of a flagging economy and heated debate over
      since the last election in 2013. REUTERS; PHOTO: AFP  -  536 words
    • Article
      Lock icon Clarification
      113 2 IN OUR story “Motor premiums set to rise” published on March 30, we reported that AIG’s 2016 premiums rose 30.9 per cent from a year ago. AIG has clarified that based on the profile of a single 32-year-old male working in banking (management) with five years’ driving experience, who
      113 words
    • Article, Illustration
      Lock icon Disrupters to face the disrupted at BT event
      509 4  -  Top-level participants will discuss Singapore’s response to future economic challenges THE BUSINESS TIMES LEADERS’ FORUM By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore IN pulling together not just established names but disrupters, startups and incubators as well, The Business Times Leaders’ Forum promises to
      509 words
    • Article
      Lock icon Four firms from Singapore raise combined S$1m on FundedHere
      353 4  -  By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore FOUR companies from Singapore have raised a combined S$1 million from local crowdfunding platform FundedHere, becoming the first to get funding from accredited investors registered with the platform. Of the four firms, three are startups
      353 words
    • Article, Illustration
      Lock icon 1994: GST kicks in at 3%
      349 4  -  Changes to ministers’ pay and the OSA case also led the year’s news. BY TEH SHI NING HE introduction of the Goods and Services Tax (GST) in 1994 was a major milestone in the evolution of Singapore’s tax system. By taxing the consumption of
      BT Graphics: Andrea Lee  -  349 words
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      149 4 r > i N A SINGAPORE ACCOUNTANCY AWARDS 2016 r~\ w w F0R EXCq n j Multi-faceted, dynamic, client-centric, and trusted... attributes of the finest performers at the peak of their profession. Celebrating excellence in Accountancy, the Singapore Accountancy Awards recognise outstanding practices and individuals in the profession. And with
      149 words
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      Lock icon Page 4 Advertisements Column 2
      90 4 For more details and to register, please go to http://pbp.sph.com.sg/ btleaders201 6. 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
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  • COMPANIES & MARKETS
    • Article
      Lock icon Riding out a short-seller crisis
      906 6  -  Three cases provide lessons on how to strengthen company fundamentals and implement a well-planned response strategy. SID BOARDROOM f,T, T cTo" MATTERS BY ELAINE LIM T The writer is a member of the Governing Council of the Singapore Institute of Directors. SHORT sellers have been
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    • Article
      Lock icon Rare director purchases in Micro-Mechanics, Matex
      1918 6  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia Insider Limited. THE buying remained low while the selling among directors plunged based on filings on the Exchange during the holi-day-shortened week of May 3 to 6. A total of 6 companies
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    • CORPORATE DIGEST
      • Article
        Lock icon SinoCloud Group
        85 6 SinoCloud Group Limited issued a profit warning, saying that the group is expected to report a higher net loss for FY2016 compared to FY2015 ended Mar 31, 2015. This higher net loss was mainly attributed to the impairment loss of “certain assets” of the group, it said in
        85 words
      • Article
        Lock icon AEM Holdings
        148 6 AEM Holdings Ltd (AEM) has entered into an investment partnership in investment holding firm Novoflex Pte Ltd to buy the shares and full control of two companies Smartflex Technology Pte Ltd (SFT) and Smartflex Innovation Pte Ltd (SFI). SFT is involved in the assembly and testing of smart
        148 words
      • Article
        Lock icon Jackspeed
        87 6 Jackspeed Corporation Limited has entered into a letter of intent (LOI) to engage in exclusive negotiations over the purchase of a 14.5 per cent stake in Wenul Assets (Industrial) Pte Ltd for a consideration of up to S$3.77 million. Wenul Assets (Industrial) is principally involved in the business of
        87 words
      • Article
        Lock icon Franklin Resources
        66 6 Franklin Resources, Inc sold 9,177,900 shares in Noble Group for S$3,872,156 on May 5. According to Noble’s SGX filing on Sunday, the shares were sold by “funds and managed accounts that are managed by investment advisers directly or indirectly owned by Franklin Resources, Inc”. This brings Franklin Resources,
        66 words
    • Article, Illustration
      Lock icon STI / Catalist WEEKLY
      63 8 STI Catalist WEEKLY Straits Times Index May 6,2016 2,730.80 -107.72 (-3.79%) Current streak 10 days Week high 2,811.20 Week low 2,730.80 52-week high 3,463.10 (May 15, 2015) 52-week low 2,539.95 (Feb 12, 2016) FTSE ST Catalist index May 6,2016 444.36 -4.67 (-1.04%) Current streak 1 day Week high 448.04 Week
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    • Article
      Lock icon GAINERS
      76 8 BY CENTS CLOSE UP 52w high/low DBXT iBoxxUSTr US$ ***** 225.6 0.8 *****/***** GLD US$ ***** 58.4 0.4 *****/***** DBXT S&P Short US$ 2098 43.5 1.5 2393/2036 Hyflux 6% CPS ***** 30.0 0.3 *****/***** DBXT MSEAsia US$ 358 27.2 5.9 460/326 BY PERCENTAGE CLOSE UP 52w high/low Blumont 0.2
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    • Article
      Lock icon LOSERS
      80 8 BY CENTS CLOSE DOWN 52w high/low Lyxor Indonesia US$ 7841 -455.3 -4.1 8804/6250 SPDR S&P500 US$ ***** -398.2 -1.4 *****/***** Jardine C&C 3506 -356.0 -9.2 4520/2636 DBXT MSEurope US$ 5288 -304.4 -4.1 6300/4770 DBXT MSKorea US$ 5164 -256.9 -3.5 6030/4478 BY PERCENTAGE CLOSE DOWN 52w high/low DBS MB eCW*****1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 8 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, Illustration
      Lock icon Challenging conventional wisdom
      618 8  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT CONVENTIONAL wisdom is that stocks are being battered by growth slowdown concerns, mainly in China, earnings worries, turmoil in the currency market the yen has somewhat perversely become a safe haven despite Japan operating a negative interest rate regime and the
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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 241 cd -5 247/238 255 209 6.4 6334.6 CapitaCom Trust 140.5 -2.5 143/139 167 122.5 6.1 4153.7 CapitaLand 298 -13 313/297 367 267 11.9 3 *****.3 CapitaMall Trust 205 -2 208/201 224
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share WEEKLY
      36 8 STI FTSE ST All-Share WEEKLY ftse ST All-Share index May 6,2016 671.98 -21.88 (-3.15%) Current streak 10 days Week high 688.05 Week low 671.98 52-week high 830.39 (May 15, 2015) 52-week low 629.34 (Feb 12, 2016)
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    • Article
      Lock icon MOST ACTIVE
      35 8 VOLUME Noble 175,935,100 Ezra 161,397,500 Golden Agri-Res 112,841,100 Singtel 105,788,500 HLH Grp 103,579,900 Market volume 4,797,568,000 VALUE DBS Grp 412,090,238 Singtel 400,355,781 OCBC Bank 341,045,254 UOB 251,982,629 Wilmar Intl 217,417,283 Market value 4,505,110,000
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    • Article
      Lock icon SGX ETFs
      111 8 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap ABF SG Bond ETF 117.7 +0.1 ***** 118/117.5 119/112 117.7/118 537.3 STI ETF 278 -9 3711 288/277 351/254 277/278 Nikko AM STI ETF 282 -10 584 292/282 357/259 282/283 6.8 IS MS INDIA US$ US660 -10
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    • Article
      Lock icon COMPANY MEETINGS
      136 8 COMPANY MEETING PLACE DATE TIME XYEC Hldgs Co E 1 Raffles Place #18-61 Tower 2 10-May 10.00am MFS Tech Ltd E Picasso 1 (Lvl 3) Pan Pacific Orchard 10 Claymore Road 12-May 10.30am United Food Hldgs A Whitley Room (Lvl 6) RELC International Hotel 30 Orange Grove Road
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 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, Illustration
      Lock icon STI / MSCI EAFE WEEKLY
      34 8 STI MSCI EAFE WEEKLY MSCI EAFE index May 6,2016 1,639.22 -53.96 (-3.19%) Current streak 6 days Week high 1,686.62 Week low 1,639.22 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 2 12 1 0 0 1 2 12 2 Manufacturing 32 82 22 6 14 16 38 96 38 Commerce 20 33 11 3 9 8 23 42 19 Tpt/Stor/Comms 10 24 3
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 90,429 1,913 92,342 290,095 399 290,494 Manufacturing 446,737 183,697 630,434 537,011 23,292 560,303 Commerce 315,810 55,798 371,608 348,916 1,700 350,616 Tpt/Stor/Comms 551,619 706 552,325 791,157 59 791,216 Finance 107,362 207 107,569 1,088,205 25 1,088,230 Construction
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    • Article
      Lock icon Worst week since 2014 for copper futures as China’s frenzy cools; nickel near 2-week lows
      800 8 The market was bracing for another sell-off by funds reversing bets on nickel’s higher prices COMMODITIES BLOOMBERG, REUTERS Johannesburg COPPER had the biggest weekly loss since 2014 amid mounting concerns about the strength of demand
      BLOOMBERG,; REUTERS  -  800 words
    • Article
      Lock icon US$ falls towards 18-month low with slow jobs growth
      418 9 CURRENCIES BLOOMBERG New York THE dollar weakened towards an 18-month low against the yen after data showed that US jobs growth trailed forecasts, adding to speculation that the Federal Reserve policymakers will stick to a gradual pace as they look to
      BLOOMBERG  -  418 words
    • FOREX RATES
    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        387 9 May 6 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES May16 9625.00 9645.00 9340.00 9362.50 *****2 *****8 Jun16 9385.00 9385.00 9095.00 9110.00 5489 ***** NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 ***** *****3 Sep16 *****.00 *****.00 *****.00 *****.00 7 1181 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        217 9 Most active May 6 Prem Expiry Wk Vol Conv Exer Disc Gear- Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****5 3 -0.5 ***** 0.1 1600 2 Ezion Holdings W*****4 16 unch ***** 1 50 29 3.19 47 UOB MB eCW*****5 4.5 -3.6
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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 May 6 Index Change Change Change Change Change Change World Preliminary 1234.5 -0.2 -3.4 -0.2 -5.5 -0.2 -1.5 EAFE Preliminary 924.9 -0.1 -8.7 -0.1 -8.4 -0.1 -4.5 Europe Preliminary 1314.3 -0.1 -7.0
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 May 6 $S Offer Bid 0vernight 0.03 0.02 1-month 0.7500 0.6250 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: 0.35 US$ 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
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      • Article
        Lock icon GOVERNMENT SECURITIES
        61 9 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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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 May-6 Price Net change change Last Trade Agricultural May-6 CBOT Soybeans (US cents/bu) 1026.25 22.75 2.27% 13/05/2016 CBOT Soybean Oil (US cents/lb) 32.81 0.80 2.50% 13/05/2016 CBOT Wheat (US cents/bu) 453.25 0.25 0.06% 13/05/2016 May-6 LIFFE Cocoa (£/tonne) 2225.00 -49.00 -2.15% 13/05/2016 LIFFE Coffee (US$/tonne) 1619.00 35.00 2.21%
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    • Article
      Lock icon Apollo Education holders approve bid from Apollo Global
      278 10 BLOOMBERG New York APOLLO Education Group Inc shareholders approved the US$10.00-a-share offer valued at US$1.14 billion from a group led by Apollo Global Management LLC. More than 63 per cent of the Class A shares that voted were in favour of the
      BLOOMBERG  -  278 words
    • Article
      Lock icon Berkshire operating profit falls short, book value rises
      598 10 Falling oil prices, coal demand hurt BNSF; insurance results suffered from payouts related to Texas hailstorms REUTERS New York WARREN Buffett’s Berkshire Hathaway Inc on Friday confirmed that its first-quarter profit rose 8 per cent, while operating results fell short of analyst
      REUTERS  -  598 words
    • Article
      Lock icon PRIME LENDING RATES
      238 10 May 6 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
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    • Article
      Lock icon Autohome CEO makes case for management buyout
      634 10 BLOOMBERG Beijing AUTOHOME Inc’s chief executive officer, who is leading a management buyout offer to prevent its Australian parent from selling control to China’s second-largest insurer, said his proposal is in the best interest of shareholders and the company as he seeks to
      BLOOMBERG  -  634 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1719 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 AEM Hldgs aw 0.500 05-Jul 08-Jul 22-Jul 03-May Aims Amp
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1243 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 7.60 0.89 0.64 AIMS AMP Cap Industrial Reit 1.00 1.00 3 0.11 12.13 1.50 1.36 ARA Asset Mgt 1.25 1.25 2 0.08
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    • Article
      Lock icon SGX MAINBOARD
      1984 11 Week Ended: May 6 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E $mil Company Last Sale vol ('000) High week 151.5 127 AIMSAMP Cap Reit 136.5xd -3 1665 140 135 0.9 8.3 867.3 Div 175.5 101 ARA Asset Mgmt
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    • Article
      Lock icon SGX CATALIST
      419 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale vol ('000) High 0.9 0.2 t Advanced Systems 0.2 unch 20 0.2 0.2 5.3 Low Div C'vr 19.9 8.3 t Anchor Resources 12.6 +1.7 ***** 13.8 11 35.2
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    • Article
      Lock icon SGX ETF
      200 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E 119 112 ABF SG Bond ETF 117.7 +0.1 ***** 118 117.5 537.3 Last 105.8 69.1 CIMB APAC Div US$ US76.7 -2.6 13 79 76.7 8.1 1345 991 CIMBASEAN40 S$D 1100 -35
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  • TOPLINE
    • Article, Illustration
      Lock icon Transforming Indonesia into a maritime power
      1670 7  -  Despite the inherent advantage of its sprawling geography, Indonesia has been overtaken by China, South Korea and Japan in shipbuilding might.BY TOPLINE might.BY TAN HWEE HWEE hweetan@sph.com.sg @HweetanBT EDDY Logam was elected chairman of Indonesia’s Shipbuilding Offshore Association (Iperindo) five months before Joko “Jokowi”
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  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      93 11 Research like a pro. SGXS 01 mm a J rinrrni m r mi I i wilt it mi r > i i l Try out SGX StockFacts The free research and stock fundamentals portal dedicated to SGX-listed companies Singapore Exchange sgx.com/stockfacts This advertisement has been published for general circulation only.
      93 words
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  • REAL ESTATE
    • Article
      Lock icon Moscow’s avant-garde buildings under demolition threat
      784 12 Many are in a poor state and developers often prefer to completely rebuild them or pull them down altogether AFP Moscow HUNDREDS of people rallied outside a 1920s-era former telephone exchange in Moscow, decrying a plan to demolish the avant-garde landmark and build luxury
      AFP  -  784 words
    • Article
      Lock icon Housing is top priority for London’s next mayor
      529 12 BLOOMBERG New York THE bookies and polls called it correctly. Londoners chose the son of Pakistani immigrants as their next mayor over the Eton-educated heir to a family fortune. Now, it will be up to Mayor Sadiq Khan to fulfil his promise
      BLOOMBERG  -  529 words
    • Article, Illustration
      Lock icon Japan quake victims face temporary housing woes
      837 12 WP Kumamoto, Japan THREE weeks after deadly earthquakes battered Kumamoto Prefecture and other parts of Kyushu, demand for temporary housing looks likely to outstrip supply. Recent surveys have revealed that the tremors destroyed or badly damaged about four times more homes than initially
      WP; PHOTO: AFP  -  837 words
  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      342 12 NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF CONCEPT 2 COMPLETION PTE. LTD. (IN CREDITORS’ VOLUNTARY LIQUIDATION) (COMPANY REG. NO. *****6714E) NOTICE OF INTENDED FIRST AND FINAL DIVIDEND FOR UNSECURED CREDITORS Name of Company Concept 2 Completion Pte. Ltd. (In Creditors’ Voluntary Liquidation)
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon Three lessons in money management
      1094 13  -  It boils down to simple habits of mind. The next time you’re in a shopping mall, realise that your self-restraint and mindfulness guard the narrow gap between what you want and what you need. In addition, have a budget; and, finally, don’t blow your savings
      FILE ILLUSTRATION  -  1,094 words
    • Article, Illustration
      Lock icon Robo-advisers face big test in a bear market
      1234 13 BLOOMBERG Robo-advisers might have more reasons to be worried about the next bear market than investors do. Low fees and an investing-on-auto-pilot approach have attracted about US$50 billion in assets to the broad universe of robo-advisers, according to researcher Aite Group LLC.
      BLOOMBERG; PHOTO: AFP  -  1,234 words
  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      105 13 GET STARTED NOW Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      105 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Time to turn adversity into opportunity
      2317 14 THIS WEEK’S TOPIC: What are the main reasons behind the oversupply of retail space in Singapore? victor Mills Chief Executive Singapore international Chamber of Commerce FOR years the retail sector expanded cannibalising its market by opening more stores in more malls which often sold
      FILE PHOTO  -  2,317 words
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  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      110 15 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 ft -»«ULAOWt ERHAtK>ull JOIN THOUSANDS OF BUYERS FROM CORPORATE COMPANIES, GOVERNMENT BODIES, EDUCATIONAL INSTITUTIONS, HOTELS RESORTS, GIFT SHOPS, ETC.! Make SGPFair your destination to source
      110 words
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      Lock icon Page 15 Advertisements Column 2
      16 15 Buying y Opportunities Property Outlook 2016 r Download at |SRX srx.com.sg/property-magazine comsg Right Home. Right Price.
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      Lock icon Page 15 Advertisements Column 3
      107 15 The full list of views from CEOs is available at http://businesstimes.com.sg 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
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  • BANKING & FINANCE
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      Lock icon Page 16 Advertisements Column 1
      93 16 1 I I 1 tf NtXT SOUTHEAST ASIA’S 6ICCEST BABY FAIR SINGAPORE EXPO HALL 3 10-12 JUNE 201R ,11AM 9PM CFRI &SAT) *11AM-8PM (SUN) 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
      93 words
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      44 16 ENJOY UP TO 90%” HUGE SAVINGS ON ALL ELECTRONICS GADGETS 26-29 MAY 2016 SUNTEC SINGAPORE HALLS 401 403 12-9PM DAILY TRADE-IN YOUR GADGETS, GET CASH VOUCHERS!!! *Terms conditions apply Organised by: Exhibits Inc ASUnOMYOf s|Ji n cs,,6747 4620 or Email to sales@exhibitsinc.com.sg www.ceeshow.com.sg fb.com/ComexlTShow
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon After 20 years, Opec says farewell to Saudi Arabia’s oil supremo
      1197 17 Ali al-Naimi’s exit is latest sign of how country’s young deputy crown prince is stamping his authority over oil policy BLOOMBERG Dubai SAUDI Arabian Oil Minister Ali al-Nai-mi, the architect of the 2014 switch in Organization of the Petroleum
      BLOOMBERG; PHOTO: REUTERS  -  1,197 words
    • Article
      Lock icon Vanilla’s price bubble vexes prime producer Madagascar
      419 17 AFP Antananarivo THE sweet flavours of vanilla are taking on a bitter edge for buyers in Madagascar as prices have almost quadrupled but quality has declined, with experts blaming speculation, money laundering and a poor harvest. Madagascar, producer of 80 per cent of
      AFP  -  419 words
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      Lock icon Digging deep in South Africa as diamond hunt gets tougher
      803 17 AFP Venetia Mine, South Africa PROOF that diamonds are getting harder to find can be seen in the South African bush, where one of the world’s largest mining companies is spending US$2 billion tunnelling beneath a vast open-pit mine. De
      AFP; PHOTO: BLOOMBERG  -  803 words
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  • TECHNOLOGY
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      Lock icon Bitcoin founder claims provoke fresh round of squabbling
      1093 18 Web-based currency’s system needs “adults” to make decisions: US professor REUTERS London AS ONE would-be father of bitcoin falls by the wayside, squabbling among the Web-based currency’s lead developers is exposing a fundamental flaw: it must evolve to meet growing demand, but
      REUTERS; PHOTO: BLOOMBERG  -  1,093 words
    • Article
      Lock icon Software security suffers as upstarts lose access to virus data
      710 18 REUTERS San Francisco A NUMBER of young technology security companies are losing access to the largest collection of industry analysis of computer viruses, a setback industry experts say will increase exposure to hackers. The policy change at the informa-tion-sharing pioneer
      REUTERS  -  710 words
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      Lock icon Robots will one day take away your jobs, warn the rich and powerful
      551 18 REUTERS Los Angeles SOME of the richest, smartest and most powerful humans have an important message for the rest of us as they met last week to discuss pressing global issues: the robots are coming. At the
      REUTERS; PHOTO: BLOOMBERG  -  551 words
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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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      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
      34 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Podcasts surge but is Apple listening?
      1730 19 Digital audio shows have soared in popularity but there’s little money in it for Apple, the format’s creator, leaving many in the community feeling neglected NYT New York STEVE Jobs put his talent as a master salesman to the test when in 2005 he
      NYT; PHOTO: NYT  -  1,730 words
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      Lock icon Toshiba nominates new CEO in bid to put accounting scandal behind it
      350 19 REUTERS Tokyo JAPAN’S Toshiba Corp said it had nominated Satoshi Tsunakawa, a former head of its medical equipment division, to be its next chief executive officer a move that it hopes will draw a line under a damaging
      REUTERS; PHOTOS: REUTERS, AFP  -  350 words
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      1131 19 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices FALCON ENERGY GROUP LIMITED Company Registration No. *****3817G NOTICE OF EXPIRY OF WARRANTS TO ALL HOLDERS OF THE FALCON ENERGY GROUP LIMITED W*****8 WARRANTS TO SUBSCRIBE FOR NEW ORDINARY SHARES IN FALCON ENERGY GROUP LIMITED (“COMPANY”) THIS NOTICE IS IMPORTANT AND
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  • TRANSPORT
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      Lock icon Mitsubishi grabs a shiny sliver of the American market
      1128 21 Helping the surge are a few affordably priced models that can appeal to consumers on tight budgets NYT Ann Arbor, Michigan IN Japan, the carmaker Mitsubishi Motors is mired in a heap of trouble. Last month, it acknowledged cheating for the
      NYT; PHOTO: NYT  -  1,128 words
    • Article
      Lock icon Pressure builds on shipping industry to set carbon targets
      950 21 REUTERS London DISAGREEMENT among nations means no carbon emissions targets have been set for international shipping, but voices from within the industry are calling for global curbs to be set soon, before countries or regional blocs take matters into their own
      REUTERS  -  950 words
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      22 21 IHI "541’%1.40%2.-& •i in order to beat QC and ABSD deadlines if Si H'J To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      22 words
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      202 21 In Street Smarts, Jim Rogers shares his investment experiences in stocks, currencies, gold, properties etc. He talks about the observations made and lessons learnt for each investment type. The techniques which can be used to foretell the future market trend are mentioned in the book as well. We can learn
      202 words
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      28 21 y www.omy.sg Taurus babies! r\rf z n: I 3 things to look out for in the month of May! 0^0 Chinese Language Content SCAN BREAD NOW more @lifestyle.omy.sg
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      245 22 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 188 PRW198 10/05/2016 11/05/2016 Pelindo/Perawang DAILY Marco Polo 108 BST208 10/05/2016 11/05/2016 Buatan/Buatan DAILY Marco Polo
      245 words
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  • DINING OUT
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      Lock icon Ushidoki prides itself on Ozaki beef
      1033 23  -  But what’s memorable about the restaurant is its classy, one ingredient-centric kaiseki meal. BY JAIME EE meal.BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT ushidoki wagyu Kaiseki 57 Tras Street #01-01 Tel: 6221-6379 Open for lunch and dinner Mon to Fri: 12pm to 2.30pm; 6pm
      1,033 words
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      38 23 askSj Have a ques Let ST's correspondents provide the answers Send your questions to askst@sph.com.sg www.straitstimes.com/askst THE STRAITS TIMES 3/ /O O o O What should 1 invest my money in? Lorna Tan, Invest Editor o h v
      38 words
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  • LIFE & CULTURE
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      Lock icon The allure of creating miniature marvels
      1009 24 Young artists are constructing perfect parallel universes as they embrace tactile crafts as an antidote to digital living NYT New York AT the Chanel boutique in Bushwick, Brooklyn, black-and-white tweed skirts hang near gold lamé gowns. Classic black-toed beige pumps are on display on
      NYT; PHOTOS: NYT  -  1,009 words
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      Lock icon Art gives former station in US capital new lease of life
      595 24 AFP Washington A QUIRKY art installation featuring 650,000 plastic balls is breathing new life into a dingy and long-forgotten former underground trolley station in the heart of the US capital. Through June 1, the expanse below Washington’s bustling Dupont
      AFP; PHOTOS: AFP  -  595 words
  • Page 24 Miscellaneous
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      319 24 CRYPTIC CROSSWORD Across 1 Review various reports etc (10) 6 Block within this laboratory (4) 10 weary male falling over in desert (5) 11 Before long baddie will acquire a lover (9) 12 13 Attractive space that’s possessed by our planet? (8,5) 15 Editor has the last word, having got
      319 words