The Business Times, 12 May 2016

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Microfilm: NL33855
Total Pages: 30
1 30 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 GThursday, May 12, 2016
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  • Article, Illustration
    Lock icon DAILY DIGEST
    222 1 Grab and axa insurance Singapore have introduced a usage-based commercial motor insurance policy for private-hire car drivers that charges premiums based on distance travelled. TOP STORIES 2 Pacific Richfield Marine and its four primary bankers are seeking support from unsecured creditors towards a proposed scheme of arrangement for
    222 words
  • Article
    Lock icon MARKETS
    28 1 Wednesday Change STI 2,732.87 -8.28 KL COMP 1,644.58 +8.74 NIKKEI 225 16,579.01 +13.82 HANG SENG 20,055.29 -187.39 SHENZHEN B 1,062.33 -3.25 DOW (11.45 AM EDT) 17,818.81 -109.54
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  • Article, Illustration
    Lock icon Eu Yan Sang seeking alternative prescription with SGX exit?
    835 1  -  Late trading suspension sets market abuzz with talk of delisting offer; stock jumps 10 per cent before suspension By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE exodus of consumer stocks from the Singapore bourse looks set to continue. Trading in the shares
    FILE PHOTO  -  835 words
  • Article, Illustration
    Lock icon Orders flood in for local bond issues
    959 1  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE local bond market is sizzling as interest rates slide. The latest to join the rush were two bank issues on Wednesday which clinched combined orders of almost S$4 billion. United Overseas Bank sold a new
    Source: Bloomberg  -  959 words
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      49 1 *****1 *****1 THE BUSINESS TIMES V l i\i|iii|iii|f •1 tefiOyl RACING IN STYLE MILLE MIGLIA CHOPARD BOUTIQUES #01 -03 Takashimaya S.C., Tel. 6733 8111 B1-107 The Shoppes at Marina Bay Sands, Tel. 6688 7999 #02-106 Resorts World Sentosa, Tel. 6723 8016 Also available at all leading watch retailers www.chopard.com
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      16 1 CITYDEV’S REPORT CARD South Beach hotel to be rebranded as JW Marriott Singapore COMPANIES MARKETS 10
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      27 1 SINGAPORE PROPERTY Condo rents flat, rental volume slumps 10% in April: SRX real estate /17 ATTRACTING INVESTMENTS Competition will throw up best investors for Myanmar opinion 28
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  • TOP STORIES
    • Article, Illustration
      Lock icon Govts need to tackle global problem of corruption, says IMF
      564 2  -  Report pegs the annual cost of bribery at US$1.5t to US$2t; economic and social costs could be higher By Anthony Rowley btworld@sph.com.sg Tokyo THE cancer of public corruption is eating away at confidence in government and also at global economic
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    • Article
      Lock icon PM Lee pays tribute to late philanthropist Lee Seng Gee
      452 2  -  By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore THERE have been very few successful businessmen in Singapore like Lee Seng Gee, who was even more successful as a philanthropist, Prime Minister Lee Hsien Loong said in a letter of condolence to
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    • Article, Illustration
      Lock icon IPIC pays interest on 1MDB’s bonds after another default
      484 2 New central bank governor says government will honour all its debt obligations BLOOMBERG, REUTERS Kuala Lumpur ABU Dhabi’s International Petroleum Investment (IPIC) has paid the interest on 1 Malaysia Development Bhd’s bonds after it said the latter had defaulted on another
      BLOOMBERG,; REUTERS; PHOTO: AFP  -  484 words
    • Article
      Lock icon New usage-based motor insurance launched for private-hire vehicle drivers
      614 2  -  B y Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore RIDEBOOKING app Grab and insurance group AXA Insurance Singapore on Wednesday introduced AXA Pay-As-You-Grab (PAYG), a us-age-based commercial motor insurance for private-hire car drivers that charges premiums based on distance travelled. The new offering,
      614 words
    • Article
      Lock icon Pacific Richfield Marine floats scheme to revamp debt of over US$400m
      828 4  -  OSV player seeks support from unsecured creditors; proposal said to offer just 20 cents for every dollar owed By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore OFFSHORE support vessel (OSV) owner-oper-ator Pacific Richfield Marine Pte Ltd (PRM) and its four
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    • Article
      Lock icon Bullion dealer matches more than S$8 million in P2P loans
      395 4  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore IT’S peer-to-peer (P2P) lending with a sparkly twist. Silver Bullion, a Singapore-based bullion dealer, has matched more than S$8 million in P2P bul-lion-backed loans since August 2015, underscoring the rising popularity of P2P lending.
      395 words
    • Article, Illustration
      Lock icon Genting HK orders 10 cruising vessels worth 3.5b euros
      570 6  -  The vessels will enable company to provide new products and run new itineraries in underserved cruise market By Pauline Ng btworld@sph.com.sg Kuala Lumpur GENTING Hong Kong has put in an order for 10 cruising vessels worth 3.5 billion euros (S$5.47 billion)
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    • Article
      Lock icon SIA, United seek US approval for codeshare deal
      521 6  -  Alliance will first cover 8 UA-operated destinations out of Houston, potentially expanding to other flights By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE Airlines (SIA) is seeking to forge a codeshare alliance with its Star Alliance partner United Airlines (UA) from July, according
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    • Article
      Lock icon Time for Japan to exit from easy-money policies: opposition chief
      617 6  -  By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN’S economic policies are overly dependent upon monetary easing, and now is the time for the government to think about making an exit from this policy of the Bank of Japan (BOJ), said the leader
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    • Article, Illustration
      Lock icon Trump cruises to victory, unyielding Sanders takes West Virginia
      868 6 AFP Washington PRESUMPTIVE Republican presidential nominee Donald Trump cruised to victory in two more states on Tuesday, while Bernie Sanders beat rival Democrat Hillary Clinton in West Virginia, bolstering his case for remaining in the race. Massive wins in West Virginia
      AFP; PHOTOS: AFP, REUTERS  -  868 words
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      331 2 Is your company ready for PDPA enforcement? “Singapore privacy watchdog fines and warns 11 organisations for data breaches” SPH straitstimes.com, April 21, 2016 The recent warnings and fines are evidence that organisations need to demonstrate accountability and be operationally compliant, which also includes IT considerations. Do you know why some
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      40 3 Asset Management Wealth Management Asset Services Entrepreneurs shouldn’t have to be their own wealth managers. a mm? mm s Si &MS «®8S V>n7<i 'iy;'’.'.' ®+:gf :y?; rrn i Hong Kong: +852 3191 1805 Singapore: +65 6536 1805 group.pictet PICTET 1805
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  • Page 5 Advertisements
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      176 5 S Zh998fi ■i Porsche recommends i/l@bil D For more information, please visit www.porsche.com.sg There are many sports cars, but only a few deserve the letters GTS. The new Macan GTS. Pure sportiness, driving dynamics and more power, with a 3.0-litre twin-turbo V6 engine delivering 360 hp and 500 Nm of
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      244 6 NOTICES NOTICE TO WHOM IT MAY CONCERN: Re Vessel name voyage EMIRATES WAFA *****W Shipper Shenzhen Eshine Trading Co., Ltd Consignee Notify Party Buana Shipping Marine Pte Ltd B/L NO. SHACB*****652 Cargo TGHU*****70 stc 239 packages of Mosquito Net The above shipment arrived Singapore and remained uncollected since arrival on
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      278 7 STARS OF KOVAN When you wish upon the stars, all that your heart desires will come true. The stars will illuminate the dark skies and guide you. STARS OF KOVAN. Primed to rise majestically at the junction of Upper Serangoon Road and Tampines Road. And it is designed with stellar
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  • COMPANIES & MARKETS
    • Article
      Lock icon Rift over pay, underperforming core business led to Cordlife CEO’s departure
      856 8  -  Shareholders were told at a dialogue that Cordlife’s board had sought to terminate Jeremy Yee’s contract and renegotiate a new one By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore CORDLIFE Group’s board decision not to renew Jeremy Yee’s employment contract, which
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    • Article
      Lock icon Cordlife’s Q3 bottom line hit by absence of fair-value, forex gains
      433 8  -  By huangjy@sph.com.sg Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore CORDLIFE Group swung into the red for the three months ended March 31, 2016, from a profit-making quarter a year ago, due to absence of fair-value and exchange gains. On Wednesday, it
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    • Article
      Lock icon Lower sales, higher costs dent Super Group’s Q1 earnings
      420 8  -  By Renald Yeo yrenald@sph.com.sg Singapore A DOUBLE whammy of lowered sales from key regional markets and increased expenses took a toll on the earnings of instant food and beverage maker Super Group in the first quarter of this year. Net profit
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    • Article
      Lock icon Cityneon places out 40m shares at S$0.55 each
      248 8  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore MAINBOARD-listed Cityneon Holdings has placed out 40 million shares at S$0.55 per share to CMC Holdings and other institutional and financial investors as part of its efforts to institutionalise its investor base and boost liquidity. Of
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    • CORPORATE DIGEST
      • Article
        Lock icon Ezra Holdings
        95 8 EZRA Holdings, which provides solutions to the oil and gas industry, has secured new contract awards and letters of intent worth US$40 million via its subsidiaries, EMAS Offshore and EMAS Energy, since the start of Q3 FY2016. EMAS Energy’s new contract award will see the division supporting an
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      • Article
        Lock icon Bank of Singapore
        117 8 JOHAN Jooste has joined the Bank of Singapore and will take on the role of chief investment officer (CIO), pending regulatory approval. Mr Jooste has 20 years of financial markets experience covering foreign exchange, fixed income and multi-asset investing including credit, derivatives and hedge funds. As CIO,
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    • Article, Illustration
      Lock icon CDL Q1 profit slips; group buys another UK property
      730 10  -  Its JV with IOI has also inked MOU with Marriott International to manage The South Beach hotel By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore CITY Developments Ltd (CDL), which posted declines in first-quarter net earnings and revenue, said on Wednesday that The
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    • Article
      Lock icon Keppel, Mapletree not likely to sell swapped Harbour Front assets to their Reits for now
      973 10  -  HOCK LOCK SIEW BY KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT ABOUT five months after they completed a share swap involving their jointly owned office assets in the HarbourFront area which resulted in Mapletree Investments gaining full control
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    • Article
      Lock icon UE Q1 net profit down 72% at S$6.9m
      476 10  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore WEAK global demand for smartphones and lower sales recognised from a property project led to a plunge in earnings for property and tech conglomerate United Engineers (UE). But it remained profitable due to income from rent,
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    • Article
      Lock icon Haw Par Q1 profit rises 26.8% on broad improvement
      357 10  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore HAW PAR Corp’s first-quarter profit grew 26.8 per cent to S$ 17.1 million, or 7.8 Singapore cents per share, on the back of stronger healthcare sales and gains from the disposal of financial assets, the
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    • Article
      Lock icon Boost for Yanlord’s Q1 from China home-buyer demand
      449 10  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore YANLORD Land Group’s net profit attributable to equity-holders surged in the first quarter of 2016, from 15.46 million yuan a year ago to 260.14 million yuan (S$54.7 million), underscored by healthy home-buyer demand in China and
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    • Article
      Lock icon Lower fuel costs lift SBS Transit Q1 profit
      458 12  -  But it warns of increased spending on staff, rail repairs and maintenance in the quarters ahead By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore LOWER fuel costs bolstered first-quar-ter earnings from bus and train operator SBS Transit, though it warned of higher spending on
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    • Article
      Lock icon Loyz Energy gets new controlling shareholder, revamps board
      516 12  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore UPSTREAM energy group Loyz Energy on Wednesday said that it is welcoming a new controlling shareholder, and has made strategic changes to its board of directors and management team to enable it to better weather the
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    • Article, Illustration
      Lock icon STI / Catalist
      62 14 STI Catalist Straits Times Index May 11,2016 2,732.87 -8.28 (-0.30%) Current streak 2 days Day high 2,763.45 Day low 2,720.77 52-week high 3,470.80 (May 11,2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index May 11,2016 438.01 +2.14 (+0.49%) Current streak 1 day Day high 441.50 Day low 435.97
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    • Article, Illustration
      Lock icon STI still in a rut despite Wall Street rally
      643 14  -  Index follows falls in Hong Kong and Dow futures, with DBS, UOB and Wilmar closing weaker STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT WALL Street’s Tuesday rally failed to break the Straits Times Index’s losing streak, with the local benchmark losing 8.28
      Source: Bloomberg  -  643 words
    • Article
      Lock icon STI STOCKS
      305 14 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 243 xd -1 244/238 255 209 6.3 6403.7 CapitaCom Trust 139.5 -1.5 142/139.5 166.5 122.5 6.2 4124.1 CapitaLand 298 -2 303/296 367 267 11.9 3 *****.3 CapitaMall Trust 207 unch 210/204 224
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    • Article
      Lock icon MOST ACTIVE
      33 14 VOLUME Noble 76,698,400 Ezra 55,034,700 Sincap 46,336,400 Spackman 38,316,700 ThaiBev 37,910,200 Market volume 1,464,649,000 VALUE Wilmar Intl 112,141,575 Singtel 82,224,712 UOB 73,574,547 DBS Grp 61,584,807 OCBC Bank 46,616,638 Market value 1,122,352,000
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    • Article
      Lock icon SGX ETFS
      107 14 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 277 -2 537 281/277 351/254 277/278 ABF SG Bond ETF 118 +0.4 254 118/117.7 119/112 117.7/118.5 538.6 DBXT MSBrazil US$ US316 +15 82 320/316 399/190 316/317 Nikko AM STI ETF 283 70 285/282 357/259
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 14 May 11 VALUE CLOSE BT OB/OS -643.00 -27.00 BT CADI -*****.00 -38.00 BT 10-day MA -*****.00 -64.00 FTSE ST Mid Cap 677.13 -0.92 FTSE ST Small Cap 390.64 -0.77 FTSE ST All Share 671.06 -3.29 FTSE ST China Top 159.90 -1.86 FTSE ST China 188.31 -3.23 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 14 STI FTSE ST All-Share ftse ST All-Share index May 11,2016 671.06 -3.29 (-0.49%) Current streak 2 days Day high 678.42 Day low 668.81 52-week high 831.03 (May 11, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 14 STI MSCI EAFE MSCI EAFE index May 10,2016 1,654.61 +16.40 (+1.00%) Current streak 1 day Day high 1,659.18 Day low 1,636.04 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 14 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 4 3 0 0 1 5 4 4 Manufacturing 31 48 28 11 14 8 42 62 36 Commerce 11 21 16 5 3 1 16 24 17 Tpt/Stor/Comms 14 17 6
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 14 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,917 409 19,326 51,602 79 51,681 Manufacturing 140,665 53,355 194,020 201,747 3,762 205,509 Commerce 108,727 33,896 142,623 106,250 514 106,764 Tpt/Stor/Comms 142,450 594 143,044 192,098 49 192,148 Finance 25,176 78 25,254 200,627 12 200,638 Construction
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    • Article
      Lock icon GAINERS
      75 14 BY CENTS CLOSE UP 52w high/low SPDR DJIA US$ ***** 175.2 0.7 *****/***** DBXT Nifty50 ETF10 ***** 135.5 0.8 *****/***** DBXT MSJAP US$ 4700 125.9 2.0 5251/4031 GLD US$ ***** 93.1 0.6 *****/***** DBXT E50 US$ 4514 87.6 1.4 5300/3968 BY PERCENTAGE CLOSE UP 52w high/low Advanced Systems 0.3
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    • Article
      Lock icon LOSERS
      72 14 BY CENTS CLOSE DOWN 52w high/low JMH USD 5330 -232.7 -3.1 6272/4500 JSH USD 2830 -116.3 -2.9 3544/2524 DBXT STGLDv US$ 2940 -46.5 -1.1 3231/2731 Jardine C&C 3403 -35.0 -1.0 4520/2636 Lyxor HSI US$ 248 -24.6 -6.8 358/218 BY PERCENTAGE CLOSE DOWN 52w high/low InnoPac 0.1 -50.0 -0.1 0.8/0.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      78 14 VOL CLOSE($) CHANGE Chew's 416.6 0.315 +0.065 +26.00 AnnAik 820.0 0.080 +0.007 +9.59 HuanHsin 2,129.0 0.008 +0.001 +14.29 OLS 16,662.3 0.007 -0.001 -12.50 MSC 41.0 0.955 +0.110 +13.02 Pharmesis Intl 5.0 0.470 +0.065 +16.05 Sincap 46,336.4 0.034 +0.004 +13.33 ChasWood Res 20.0 0.023 -0.002 -8.00 Smartflex 1,336.0 0.200
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    • BROKERS’ TAKE
      • Article
        Lock icon Wilmar International Buy
        67 14 Target price: S$4.25 May 11 close: S$3.29 rhb Research May 11 Results broadly in line with our expectations. Stripping out one-off impairments provisions for impairments of US$22.7 million as well as investment and foreign exchange gains, core profit of US$245 million met 19 per cent of our
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      • Article
        Lock icon Singapore Airlines Outperform
        166 14 Target price: S$14.60 May 11 close: S$11.65 Credit Suisse, May 11 We assume coverage on Singapore Airlines (SIA) with an “Outperform” and target price of S$14.60 (from S$14). While SIA’s investment in its portfolio airlines have been seen as a drag, we believe a turnaround in its
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      • Article
        Lock icon Singapore Post Hold
        205 14 Target price: S$1.56 May 11 close: S$1.625 OCBC Research, May 11 Singapore Post (SingPost) reported a 27.7 per cent year-on-year rise in revenue to S$317.6 million and a 196.4 per cent increase in net profit to S$105.4 million in Q4 FY2016, boosted by one-off gains. Underlying net
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      • Article
        Lock icon CDL Hospitality Trust Buy
        149 14  -  Compiled by Claire Huang Target price: S$1.55 May 11 close: S$1.385 UOBKayHian, May 11 Investor queries were centred on Q1 2016’s operating performance and the hospitality sector outlook. Domestic portfolio weakness was attributed to disruptions from renovations, and softer corporate demand. Management displayed stoic optimism, pointing
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    • Article
      Lock icon CALENDAR
      8 14 DATA IMay 12 US Initial Jobless Claims
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    • Article
      Lock icon US$ eases after six straight gains
      472 15 CURRENCIES REUTERS London THE US dollar eased against a basket of currencies after six straight days of gains on Wednesday, with falls for stock markets prompting some prof-it-taking and a drift of money into the traditional security of the yen. The Japanese currency gained
      REUTERS  -  472 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 15 May 11 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.950 4.786 0.645 5.703 49.015 97.618 0.798 8.593 2.970 1.081 76.893 34.198 1.006 11.190 0.715 23.905 25.924 0.509 0.735 Canada 1.053 5.040
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 15 May 11 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0055 1.0067 0.7346 0.7350 Canadian dollar 1.0589 1.0600 0.7739 0.7736 Euro 1.5588 1.5602 1.1388 1.1391 NZ dollar 0.9300 0.9313 0.6794 0.6799 Sterling pound 1.9748 1.9765 1.4427 1.4430
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 15 May 11 S$ Bid Offer 1-month 1.3693 1.3705 2-months 1.3698 1.3711 3-months 1.3703 1.3717 6-months 1.3722 1.3736 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        2 15
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        Lock icon NIKKEI
        1 15
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        Lock icon SHANGHAI COMPOSITE
        2 15
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        Lock icon DOW JONES
        2 15
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        390 15 May 11 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES May16 9315.00 9345.00 9245.00 9260.00 *****5 *****7 Jun16 9052.50 9090.00 8997.50 9010.00 8075 ***** NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 *****3 *****6 Sep16 *****.00 *****.00 *****.00 *****.00 33 1152 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        209 15 Most active May 11 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 6.8 -0.6 ***** 0.1 1480 2 OLS Enterprise W*****5 0.2 unch 5300 1 1 71 3.50 15 OCBC Bk MBeCW*****4 6.7 unch 4337 0.1
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 15 In local curr In S$ In US$ dy yr dy yr dy yr May 10 Index Change Change Change Change Change Change World Preliminary 1252.4 0.9 -2.0 0.9 -3.7 0.9 -0.3 EAFE Preliminary 939.0 1.0 -7.3 1.0 -7.0 1.0 -3.6 Europe Preliminary 1330.3 0.8 -5.8
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 15 May 11 $S Offer Bid 0vernight 0.03 0.01 1-month 0.7500 0.6250 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: 0.03 US$ 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
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      • Article
        Lock icon GOVERNMENT SECURITIES
        63 15 May 11 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.03 5-Year NX*****X 2.250 01-Jun-21 103.21 103.20 103.20 10-Year NX*****Z 2.375 01-Jun-25 103.26 15-Year NZ*****F 2.875 01-Sep-30 106.62 20-Year NZ*****V 3.375 01-Sep-33 113.77 113.80 113.70 30-Year NA*****H 2.750 01-Mar-46
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 15 May-10 Price Net change change Last Trade Agricultural May-10 CBOT Soybeans (US cents/bu) 1076.00 57.25 5.62% 13/05/2016 CBOT Soybean Oil (US cents/lb) 33.13 0.59 1.81% 13/05/2016 CBOT Wheat (US cents/bu) 451.50 4.50 1.01% 13/05/2016 May-10 LIFFE Cocoa (£/tonne) 2253.00 17.00 0.76% 13/05/2016 LIFFE Coffee (US$/tonne) 1631.00 25.00 1.56%
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    • Article
      Lock icon SGX MAINBOARD
      1705 16 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 151.5 127 AIMSAMP Cap Reit 138.5 unch 259 139 138 0.9 8.2 880 Div 175.5 101 ARA Asset Mgmt 125 +0.5 305 126
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    • Article
      Lock icon SGX CATALIST
      339 16 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld 0.9 0.2 t Advanced Systems 0.3 +0.1 800 0.3 0.3 7.9 MCap High LOW 19.9 8.3 t Anchor Resources 11.9 -0.1 4667 12.6 11.8 33.3 Sale
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    • Article
      Lock icon SGX ETF
      147 16 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 4190 2355 DBXT China50 US$ US2661 -7 6 2683 2661 7.3 399 190 DBXT MSBrazil US$ US316 +15 82 320 316 1740 995 DBXT MSCHINA US$ US1126
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      339 12 SHAPING THE FUTURE ECONOMY: THE BUSINESS TIMES LEADERS' FORUM 2016 SINGAPORE'S FUTURE ECONOMY Standard Cg 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! r Standard Chartered Credit Debit cardholders: $150
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  • EMERGING ENTERPRISE 2016
    • Article, Illustration
      Lock icon Tracking its way to success
      771 13  -  In a turbulent economy, innovating is seen as the way to go. Below are two companies using innovation to create value for their customers By Gladys Yeo gladyeo@sph.com.sg ALTHOUGH shopper traffic seems higher at a mall on the weekends, the actual sales of a retailer
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      Lock icon Staying ahead of the Kurve with robots
      674 13  -  By Gladys Yeo gladyeo@sph.com.sg FANCY a robot making your omelette in the morning and serving a fresh coffee along with it for a breakfast in bed? This may be possible in the near future, as businesses like Kurve Automation are increasingly using robots
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      89 13 STAND OUT IN YOUR FIELD With up to S$1.7m worth of prizes, you’ll be able to carve a distinctive niche in your field of expertise. Applications close on 20 May 2016. Apply today at www.EEaward.com Jointly Presented By: Preferred Payment Solutions Partner: Supported By: Innovation Partner: Ofcial Auditor: USE ONLY
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      93 16 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.
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  • REAL ESTATE
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      Lock icon Condo rents flat, rental volume slumps 10% in April: SRX
      474 17  -  Rents unchanged in the city area, rise 0.1% in the city fringe and fall 0.1% in the suburbs By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore RENTALS of private condominiums and apartments were flat in April, compared with March. But rental volume
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      Lock icon NZ central bank assessing whether more housing market curbs needed
      431 17 BLOOMBERG Wellington NEW Zealand’s central bank said it is watching the nation’s booming housing market to decide whether further restrictions are needed to curb demand. “The Reserve Bank is closely monitoring developments to assess whether further financial policy measures would
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      Lock icon London office projects hit record as rents surge
      277 17 BLOOMBERG London DEVELOPERS started a record number of central-London office projects in the six months through March as they tried to capitalise on rising rents. Construction work began on 51 office buildings during the period, Deloitte LLP said in a report on
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    • Article
      Lock icon Chinese firm Bluesky in C$2.1b deal to buy Inn Vest
      497 17 Deal will give Bluesky a stake in some of Canada’s most historic hotels BLOOMBERG Toronto BLUESKY Hotels Resorts Inc, a closely held company backed by capital from Hong Kong, agreed to buy InnVest Real Estate Investment Trust for C$2.1 billion
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    • Article
      Lock icon Raimon Land eyes Chiang Mai
      195 17 BANGKOK POST Bangkok THAILAND-LISTED developer Raimon Land Plc (RML) is looking to invest in Chiang Mai to capitalise on the existing base of foreign customers and affluent local buyers. The company has not confirmed whether the new venture will be formed jointly with the owner
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      Lock icon Probe finds James Monroe’s real home
      930 18 Exploration of 5th US president’s estate reveals foundation larger than 2-room cottage that tourists had been touring NYT Charlottesville, Virginia FOR decades, tour guides led visitors through a modest two-room cottage on the outskirts of this city, recounting the accomplishments of James Monroe, the
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      Lock icon Househunt
      1500 18 Property transactions for districts 1 to 20 with contract dates between March 30 and April 5,2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED The Merlot Apt 04/04/2016 FH 1098 1330 1211 The Sail Marina Bay Apt 31/03/2016
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      Lock icon Marriott’s bid for Starwood challenged by hotel owners
      226 18 BLOOMBERG New York MARRIOTT International Inc’s acquisition of Starwood Hotels Resorts Inc was challenged by the owners of hotels in Chicago and New York, who say the merger would violate exclusivity agreements. Cityfront Hotel Associates Limited Partners, the owner of the Sheraton
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      131 17 AUSTRALIAN PROPERTY FINANCE Have you recently bought an Australian property and need a loan to complete the transaction? Already own and want to ensure you have the best loan? CONTACT SPECIALIST MORTGAGE HERE IN SINGAPORE FOR A FREE IMPARTIAL REVIEW OF ALL YOUR OPTIONS. mi W: www.smats.net E: smats@smats.net T:
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      80 17 (jJLL AUCTION 24 May 2016 2.30pm “Mortgagee's Sale Call: 6494 3868 6494 3869 Jones Lang LaSalle Property Consultants Pte Ltd CEA Licence No. L*****26E www.jll.com.sg Agency Licence No.: L*****36J KnightFrank.com.sg TEXTILE CENTRE 2 groundfloor prime shops facing Jalan Sultan/North Bridge Road Total area 3, 348 sq ft, dual frontages Ideal
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      287 17 RARE Freehold Historic District Temple Street 2 Adjoining Units of 3 Storey Shophouses Freehold Land Area approx. 2,658.7sf Total Floor Area approx. 8,697.3sf Zoning: Commercial Foreigners are eligible Chinatown Kreta Ayer Conservation Area L*****82K Sale By Expression of Interest Closing 3 June 2016 3pm For more enquiries, please call Lim
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  • BANKING & FINANCE
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      Lock icon Dim sum bond issuers tiptoe into expensive market
      549 19 REUTERS Hong Kong COMPANIES looking to tap the offshore yuan bond market to refinance maturing debt this quarter will face a market increasingly wary of the Chinese currency, in the biggest test of investor appetite since issuance dropped off in 2015. Bank
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      Lock icon Australian regulator to sever its swaps benchmark relationship
      361 19 REUTERS Sydney THE Australian Financial Markets Association (AFMA) plans to sever its three-decade relationship with the bank bill swap rate (BBSW) amid ongoing rigging allegations and an increasingly complex benchmark setting process. The announcement on Tuesday came as the country’s financial watchdog
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    • Article
      Lock icon ABN Amro Q1 earnings beat forecasts with negligible bad loans
      263 19 REUTERS Amsterdam ABN Amro beat first-quarter expectations helped by a 99 per cent fall in bad loan impairments, an anomaly even given a robust Dutch economy, the bank said on Wednesday. The bank, which does more than 80 per cent
      REUTERS  -  263 words
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      Lock icon Hong Kong ETF shows global traders dislike city’s stocks
      777 19 They pulled a net US$142m from iShares MSCI HK ETF in May which are poised for an 11th month of net outflows BLOOMBERG Hong Kong WHETHER Hong Kong stocks rally or slump, investors in the biggest US ex-change-traded fund tracking the
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Years of friction may drive legal split of IE A, OECD
      595 20 OECD sends letter to the IEA proposing separation, with latest disagreement over cooperation with China REUTERS Paris THE West’s energy watchdog, the International Energy Agency, faces a possible legal split from its parent body following decades of friction and
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      Lock icon BHP Billiton joins Rio Tinto in shifting focus to growth from cost cutting
      531 20 REUTERS Brussels BHP Billiton has talked up its future growth options, joining fellow mining giant Rio Tinto in marking a shift in focus after four years of aggressive cost cutting. While big miners are still looking to
      REUTERS  -  531 words
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      Lock icon French minister mulls over shale import ban
      497 20 BLOOMBERG Houston FRANCE’S energy minister is considering closing the door to US shale gas just as American LNG exports to Europe and other ports ramp up. Energy and Environment Minister Segolene Royal said on Tuesday in comments to France’s parliament that she will
      BLOOMBERG; PHOTO: AFP  -  497 words
    • Article
      Lock icon Glencore forecasts demand for industrial metals to exceed supply
      527 20 BLOOMBERG New York THE resurgence in mining shares this year may be just getting started, if Glencore plc’s assessment is right. Demand is set to exceed supply for zinc and some other industrial metals, the mining and trading company said at
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      1036 20 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices KBC Bank N.V. (Incorporated in Belgium) Consolidated Annual Accounts As At 31 December 2015 Consolidated Balance Sheet Dec 31, Dec 31, 2014 2015 in millions of EUR ASSETS KBC Bank does not confer lower priority to deposits of KBC Bank Singapore
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  • TECHNOLOGY
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      Lock icon Alphabet chairman testifies in Oracle suit vs Google
      828 21 Eric Schmidt, in an earlier job, was in charge of the programming language that Oracle claims Google misused years later when it created a software called Android NYT San Francisco ERIC Schmidt, the executive chairman of Google’s parent company, Alphabet, may have
      NYT; PHOTO: AFP  -  828 words
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      Lock icon China tech workers get to sleep on the job – with the boss’s blessing
      563 21 China tech workers get to sleep on the job with the boss’s blessing REUTERS Beijing DAI Xiang has slept his way to the top. The 40-year-old Beijinger got his start as an engineer, pulling 72-hour shifts at a machinery company while catching naps on the floor. After a switch to
      REUTERS; PHOTO: REUTERS  -  563 words
    • Article
      Lock icon Swiss city to accept bitcoin as payment for govt services
      232 21 BLOOMBERG Zurich ZUG, the Swiss city known for its low corporate taxes, is experimenting with the use of bitcoin to pay for government services. From July through December, the city will accept the digital currency for payments including registration fees
      BLOOMBERG  -  232 words
    • Article
      Lock icon Amazon takes on YouTube with similar video service
      273 21 AFP San Francisco AMAZON challenged YouTube on Tuesday by adding a platform to its video service that lets “storytellers and creators” share works online and generate revenue. The US online retail titan unveiled Amazon Video Direct where, like at YouTube, people can
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  • CONSUMER
    • Article
      Lock icon Staples and Office Depot drop merger plan after court blocks it
      832 22 Judge rules that two giants’ tie-up would create just one dominant office supplies retailer and impair competition NYT New York A FEDERAL judge on Tuesday blocked a US$6.3 billion proposed merger of Staples and Office Depot, dashing another huge
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      Lock icon Spotify reports quicker growth since Apple Music’s launch
      623 22 It now boasts close to 100 million users in more than 59 markets despite increasing competition REUTERS Stockholm MUSIC streaming service Spotify has seen a faster pace of growth since the launch in June last year of rival Apple Music, a top
      REUTERS; PHOTO: REUTERS  -  623 words
    • Article
      Lock icon Owners of AR Packaging explore US$570m sale of business
      249 22 REUTERS Frankfurt THE OWNERS of AR Packaging are working on a sale that could value the Swedish business at more than 500 million euros or US$570 million (S$ 780 million), two sources familiar with the matter said. Finnish investor Ahlstrom Capital
      REUTERS  -  249 words
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      Lock icon Budweiser rebrands itself as ‘America’ (temporarily)
      419 22 NYT New York BUDWEISER, the beer brand owned by a Belgian company, will soon appear on shelves with a new name: America. Budweiser, pointing to a slew of summer events set to bring out feelings of nationalism, said on Tuesday that it would replace
      NYT; PHOTO: REUTERS  -  419 words
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      46 22 “Insightful, accessible, thoughtful and entertaining all at once...To know what has brought India to this point, and its place in the world today, Velloor’s book is not only timely but essential.” ZOHER F. ABDOOLCARIM Asia Editor, TIME Now on sale at all major bookstores and www.stpressbooks.com.sg
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      42 22 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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      687 23 MOVING YOUR BRAND AND BUSINESS COMMUNICATION A STEP CLOSER TO SUCCESS Who should attend: Senior and Middle Management, Supervisors, Business Owners, Marketing Managers and Advertising Executives CREATE LIKE LEONARDO DA VINCI M AY 1 6 23M O N D AY SPH News Centre 9.30am to 6.00pm Leonardo da Vinci is
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  • GOVERNMENT & ECONOMY
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      Lock icon Greece’s creditors expected to ease terms ahead of UK Brexit vote
      761 24  -  Greek stocks surge and 10-year bond yields fall sharply, as premier claims major breakthrough in debt talks By Neil Behrmann btworld@sph.com.sg London GREECE’s creditors have given a strong hint that they will be less stringent with the indebted struggling
      PHOTO: REUTERS  -  761 words
    • Article
      Lock icon Mossack Fonseca to sue over Panama Papers leak
      287 24 AFP Panama City THE law firm at the centre of the Panama Papers scandal says it is filing a suit against the International Consortium of Investigative Journalists (ICIJ) for the leak of information it says is false. The public gained its first
      AFP  -  287 words
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      Lock icon Norway raises oil wealth spending to avert recession
      595 24 BLOOMBERG Oslo NORWAY’S government boosted the amount of oil money it will spend this year to a record, dipping deeper into its sovereign wealth fund to ward off a recession. The government will use 205.6 billion Norwegian kroner (S$34.4 billion) of its
      BLOOMBERG  -  595 words
    • Article
      Lock icon Singapore and Britain launch Fin Tech Bridge
      411 24  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE and Britain have established a FinTech Bridge, which aims to help financial technology (fintech) firms and investors from each country gain access to and expand in their counterpart market. The Financial Conduct Authority (FCA) and the
      411 words
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      Lock icon India to seek tycoon Mallya’s extradition from Britain
      424 25 AFP New Delhi INDIA will seek to extradite indebted tycoon Vijay Mallya, the country’s finance minister said on Wednesday, after Britain turned down its request to deport him. Arun Jaitley told Parliament that Britain had refused to deport Mr Mallya, who left
      AFP  -  424 words
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      Lock icon EU blocks Hutchison deal to buy Telefonica’s O2 UK
      528 25 Commission said allowing acquisition would have led to higher British mobile prices REUTERS Brussels THE European Union’s competition regulator blocked on Wednesday CK Hutchison Holdings’ plan to become Britain’s biggest mobile telecoms network operator in a decision which also cast doubts
      REUTERS; PHOTO: BLOOMBERG  -  528 words
    • Article
      Lock icon March UK factory output records biggest annual fall since 2013
      461 25 Shutdowns in the steel industry due to global overcapacity led broad-based declines REUTERS London BRITISH factory output recorded its biggest annual fall in nearly three years in March, as shutdowns in the steel industry due to global overcapacity led broad-based
      REUTERS  -  461 words
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      Lock icon Thailand holds key rate, sees more risks to growth
      410 25 REUTERS Bangkok THAILAND’S central bank kept its key interest rate unchanged on Wednesday, as expected, saying the current monetary policy remained conducive to economic recovery. The Monetary Policy Committee (MPC) voted unanimously to leave the one-day repurchase rate at 1.50 per
      REUTERS  -  410 words
    • Article
      Lock icon China will meet economic growth goal this year: vice-premier Zhang
      397 25 REUTERS BLOOMBERG Beijing CHINA’S economy faces downward pressure but will be able to meet its economic growth target for the year, China’s vice-premier Zhang Gaoli said at a forum in Beijing on Wednesday. Growth in M2 money supply slowed in
      REUTERS; BLOOMBERG  -  397 words
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      Lock icon Rajan’s bank headache to linger as ICICI and Axis spark debt angst
      705 25 BLOOMBERG Mumbai INVESTORS who anticipated that India’s central bank governor Raghuram Rajan would bring order to a bad-debt-plagued banking system by now are being forced to ratchet back those expectations. Results from ICICI Bank and Axis Bank two
      BLOOMBERG  -  705 words
  • Page 24 Advertisements
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      170 24 Have you ever wondered how the rich attain their wealth and keeps it growing? Do you dream of retiring early (or being able to retire at all)? You want to invest but you don’t know where to start? Investment 101 is the answer to your questions! The world of investment
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      96 24 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
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      80 24 Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices HOT PROPERTY GRAMERCY PK F'HOLD. TOP soon. Rare 170,000 sqft landscaped site. Near prime GCB vicinity. Mins to Orchard area. 2+ Study/ 3/ 4/ PH. Luxury at great-value prices! OUE TWIN
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  • TRANSPORT
    • Article, Illustration
      Lock icon Toyota facing first profit drop in 5 years
      762 26 Net income may fall 35 per cent for fiscal year ending in March as currency swings pose stiff headwinds BLOOMBERG Tokyo TOYOTA Motor Corp said that annual net income will probably decline for the first time in five years, as currency swings
      BLOOMBERG; PHOTO: REUTERS  -  762 words
    • Article, Illustration
      Lock icon Easyjet flies into loss, on Brussels attacks, forex hit
      488 26 AFP London BRITISH no-frills airline Easyjet said on Tuesday that it sank into losses in the first half of its fiscal year following the Brussels attacks, and after taking a vast foreign exchange charge. Net losses stood at £20 million (S$40
      AFP  -  488 words
    • Article
      Lock icon Qatar Airways postpones longest route over A350 delays
      404 26 REUTERS Doha QATAR Airways has delayed the launch of the world’s longest scheduled direct flight from Doha to Auckland, New Zealand by two months because of the late delivery of Airbus A350s, an airline spokeswoman said on Tuesday. “I can confirm we
      REUTERS  -  404 words
    • Article
      Lock icon Richest airlines can’t get enough hand-me-down jets
      991 26 Cheap fuel is making older, less efficient aircraft more economical to operate BLOOMBERG Chicago IT’S a tale that could be dubbed “From Russia to Love”. Two Boeing 737 jetliners swooped onto a factory airfield near Seattle in March, the last of the models
      BLOOMBERG  -  991 words
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      38 26 LIVING BY HIS FATHER’S VALUES New Bukit Batok MP Muralidharan Pillai on his father, family and younger days South Indian International Movie Awards comes to Singapore GET YOUR COPY TOMORROW TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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      54 26 M AY 1 6 30M O N D A Y SPH News Centre 9.30am to 6.00pm BEYOND THE LOGO: CLAIM YOUR BRAND Trainer Harini Chari Price From 26 May$589 Early Bird by 25 May$489 Productivity and Innovation Credit (PIC) Claimable To register or find out more about our workshops, visit
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      980 27 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10 Jul 15 Jul APL Columbus
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  • OPINION
    • Article
      Lock icon Markets alone can’t finance Asia’s infrastructure needs
      584 28 EDITORIAL WHEN we talk of a “long-running farce”, it is usually in reference to a theatrical comedy that has broken box office records. But one of the most enduring farces of our time has to do with the more serious issue of public
      584 words
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      Lock icon Enticing the hearts, minds of 40 million overseas Chinese
      813 28  -  THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1. CHINESE political dictionaries define an overseas Chinese as a Chinese national who resides overseas. That is a narrow, legal definition.
      813 words
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      Lock icon Competition will throw up best investors for Myanmar
      1229 28  -  But to attract foreign investments and to develop its private sector, the country needs to move quickly towards political, societal and institutional maturity and stability. By LINDA LIM country By LINDA LIM T The writer is Professor of Strategy at the Stephen
      PHOTO: REUTERS  -  1,229 words
    • Article
      Lock icon Asian economies sailing in rough waters
      990 29  -  COMMENTARY By Alex Mourmouras TThe writer is the International Monetary Fund mission chief for Singapore. ASIAN economies are sailing in choppy waters, facing severe headwinds from an uncertain and challenging global environment. First, the global recovery has been uneven and weaker than expected. On
      990 words
    • Article
      Lock icon To go or to stay? The answer to the Brexit question lies in duality
      687 29  -  COMMENTARY By Antonio Armellini in Rome, David Marsh T Antonio Armellini was Italian ambassador to India between 2004 and 2008. He is a member of the International Institute for Strategic Studies and Istituto Affari Internazionali, and
      OMFIF  -  687 words
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      Lock icon Qualms about Rodrigo Duterte and his upcoming ‘iron hand’ presidency
      1384 29  -  Supporters of the incoming Philippine president expect him to replicate at the national level his success in curbing crime at the city level. But can he fix the nation’s economy and other serious ills? BY EILEEN KAE A RELAO BY
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  • LIFE & CULTURE
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      Lock icon Cannes kicks off glamour fest amid anti-terror measures
      585 30 AFP Cannes WITH almost enough star wattage to forget the grim an-ti-terror measures in place, the Cannes film festival opens on Wednesday with Woody Allen’s Cafe Society starring Kristen Stewart. The red carpet awaits some of Hollywood’s biggest stars, such as Julia
      AFP  -  585 words
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      Lock icon Christie’s finds relief in stable prices and a Basquiat sale
      956 30 Its centrepiece canvas by the artist sold for US$57.3m; final tally for Tuesday’s auction was US$318.4m NYT New York GOING into its post-war and contemporary sale on Tuesday night, Christie’s had reason to be anxious about a perceived softening in
      NYT; PHOTO: AFP  -  956 words
    • Article, Illustration
      Lock icon Old City Hall is alive with the sound of music
      597 30  -  National Gallery Singapore doesn’t just showcase art. Its Singapore Rhapsodies concert series features local music performed by students By Helmi Yusof helmi@sph.com.sg @HelmiB Singapore IF you’re within the vicinity of the National Gallery Singapore on a Friday afternoon, consider stopping
      597 words
  • Page 30 Miscellaneous
    • Miscellaneous
      Lock icon Page 30 Miscellaneous Column 1
      394 30 CRYPTIC CROSSWORD Across 1 Regularly keen, therefore I am full of this, ultimately? (10) 6 Bird’s caught frown when head and tail are removed (4) 9 After church, get a very loud teasing (5) 10 I make a mark in one car’s front and a learner’s the same (9) 12
      394 words