The Business Times, 14 May 2016

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Total Pages: 41
1 32 The Business Times
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      58 1 BT LivingTHE BUSINESS TIMES WEEKEND MAY 14 15 2016 F&B BRANDS BRANCH OUT Homegrown names stake out new markets overseas L2-5 BEAUTY Men’s beauty regimens L6-7 TRAVEL Hightailing it to Gunma L8-10 PHOTO: BISTROT GAVROCHE GADGETS LG’s latest G5 smartphone L11 MOTORING Rollouts from Ferrari Toyota L14-15 DESIGN Landscape designer
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  • BT Living
    • DINING
      • Article, Illustration
        Lock icon BRANCHING OUT
        878 2/3  -  ‘Think local but act global’ is the abiding mantra of homegrown brands. BT Weekend speaks to F&B movers and shakers expanding beyond home turf By Rachel Loi and Tan Teck Heng THE current economic climate may have seen businesses around the world buckle, but you would be hard
        878 words
      • Article, Illustration
        Lock icon LOOKING UP, DOWN UNDER
        723 2/3  -  Bistrot Gavroche By Rachel Loi rachloi@sph.com.sg rachloi@sph.com.sg @RachelLoiBT When French-born Frederic Colin opened a restaurant in Australia after five years of running Brasserie Gavroche here, he felt like he was finally getting a slice of home. “It’s very nice as a chef to finally get seasons
        PHOTOS: BISTROT GAVROCHE  -  723 words
      • Article, Illustration
        Lock icon LES AMIS BANKS ON FORAYS
        762 2/3  -  Les Amis Group By Rachel Loi AFTER 22 years of being an “only-child”, the award-win-ning Les Amis Restaurant in Singapore is about to have a sibling. Some time next year, the Les Amis Group will open three restaurants in the heart of Kuala Lumpur’s city
        PHOTO: LES AMIS GROUP  -  762 words
      • Article, Illustration
        Lock icon JIVING ACROSS THE CAUSEWAY
        902 4/5  -  Timbre By Tan Teck Heng thtan@sph.com.sg ALL the attention is currently on Timbre+, with foodies raving about Damien D’Silva’s nasi lemak. But unbeknownst to many, the Timbre Group has quietly set up shop across the Causeway. Called Timbre The Row, this new outpost is located at
        PHOTOS: ROSHAN MENON  -  902 words
      • Article, Illustration
        Lock icon LONDON CALLING
        975 4/5  -  Spa Esprit By May Yip IMMACULATELY dressed and articulate to a fault, veteran entrepreneur Cynthia Chua doesn’t come across as a honcho who would sit patiently in the lobby of a publishing house for an entire day, waiting to meet with a magazine editor to talk about her
        PHOTOS: SPA ESPRIT  -  975 words
    • BEAUTY
      • Article, Illustration
        Lock icon MEN’S ESSENTIALS
        1086 6/7  -  What with the world’s sexiest man David Beckham muscling in on men’s skincare, brace yourselves for the guys demanding their own space on your vanity top. By May Yip EARLIER THIS week, top men’s premium skincare brand Biotherm Homme announced a multi-year partnership to develop a men’s grooming
        PHOTOS: SULWHASOO, DIXIX; PHOTOS: CRABTREE & EVELYN,WE NEED A HERO, EIGHT & BOB, FREIA AESTHETICS; PHOTOS: ESTHECLINIC; breakage.PHOTO: SVENSON  -  1,086 words
    • TRAVEL
      • Article, Illustration
        Lock icon Tranquil Gunma
        1479 8/9  -  The Japanese prefecture with its fresh air, healing onsen waters and picture-postcard scenery provides the perfect antidote for weary city-slickers. By Jaime Ee By Jaime Ee jaime@sph.com.sg @JaimeEeBT IF Tokyo is your city-slicker cousin, Kyoto your cultured uncle and Osaka your easy-going, rough-and-ready nephew, then Gunma must be
        PHOTO OF CHERRY BLOSSOMS: BETTEI SENJYUAN  -  1,479 words
      • Article, Illustration
        Lock icon MODERN ART
        730 8/9  -  Nagai Sake combines art and technology to create Mizubasho sparkling and vintage sake. By Samuel By Samuel Ee CHAT with Noriyoshi Nagai, the youthful sixth-genera-tion owner of Nagai Sake, and you will learn a couple of things about him. First, it is obvious that he is deeply passionate
        730 words
      • Article, Illustration
        Lock icon SAKE PARADISE
        696 10  -  By Samuel Ee samuelee@sph.com.sg UNLIKE wine, sake has no tannins and acid to protect it from oxidation, so it can only be aged at very low temperatures. After two decades of testing, Noriyoshi Nagai, president and CEO of Nagai Sake, has determined that minus two degrees is ideal
        696 words
    • GADGETS
      • Article, Illustration
        Lock icon When the parts add up
        1102 11  -  South Korean tech giant LG has built the world’s first mass-market modular smartphone. By Sherwin Loh By Sherwin Loh sherwinl@sph.com.sg @SherwinLohBT HAVE you ever wanted your smartphone to be more flexible, and do more? More than what it was designed for, and more flexible than
        1,102 words
    • DESIGN
      • Article, Illustration
        Lock icon Fine art of green fingers
        910 12  -  Landscape designer James Basson is an advocate of dry gardening, working with locally sourced plants and minimal maintenance. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT GOING to the garden show is mostly about taking pictures and admiring artful displays of plants that
        910 words
    • HEALTH
      • Article, Illustration
        Lock icon When speed is vital
        1532 13  -  A stroke victim who receives treatment as soon as possible will increase his chances of a faster recovery Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is a professor at Fudan University, Shanghai and vice-president of both the World
        FILE PHOTO  -  1,532 words
    • MOTORING
      • Article, Illustration
        Lock icon FANTASTICO LUSSO
        430 14  -  The Ferrari GTC4Lusso is the more luxurious and powerful replacement of the FF model. By Samuel Ee samuelee@sph.com.sg FERRARI has re-designed its four-seater, shooting brake coupe and the only thing that is unchanged is its basic shape. At the Japan premiere of the errari GTC4Lusso in Tokyo earlier
        430 words
      • Article, Illustration
        Lock icon Wheels of fortune
        588 15  -  The Toyota Fortuner seven-seater SUV has a new-found level of luxury. By Samuel Ee samuelee@sph.com.sg ELEVEN years after it was first introduced, there is a new Toyota Fortuner and it is sold out until next year. Few models can achieve such a feat, even when pent-up demand
        588 words
    • SPORTS
      • Article, Illustration
        Lock icon EPL’s heroes and villains
        984 16  -  Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent A FULL week has passed since Leicester City captain Wes Morgan lifted the English Premier League (EPL) trophy up high, and it still hasn’t quite sunk in that the Foxes are champions of the most-watched football league in the world. It’s
        PHOTOS: REUTERS  -  984 words
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      30 13 This series is brought to you by Heart, Stroke and Cancer Centre. It is produced on alternate Saturdays. ~To read more of Dr Lim’s previous health-related articles, visit: http://www.btinvest.com.sg/ specials/shscc
      30 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon CONTENTS
      53 2 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-16 Real Estate 17-18 Banking Finance 19 Energy Commodities 20 Technology 21 Consumer 22 Transport 23 Govt Economy 24-25 Opinion 26-27 Wealth 28-30 Life Culture 31 LIVING Dining L2-5 Beauty L6-7 Travel L8-10 Gadgets L11 Design L12 Health L13 Motoring
      53 words
    • Article
      Lock icon MARKETS
      136 2 HSTI 2,734.91 (-10.48) HSTI FUTURES 2,736.00 (-10.00) HSIMSCI 305.93 (-1.49) HSIMSCI FUTURES 305.50 (-2.40) STOCKS Friday Change KL COMP 1,628.26 -20.72 NIKKEI 225 16,412.21 -234.13 HANG SENG 19,719.29 -196.17 SET 1,394.69 -4.62 JAKARTA 4,761.71 -41.61 MANILA 7,436.79 +111.75 KOSPI 1,966.99 -10.50 SHENZHEN B 1,052.91 -2.61 MUMBAI 25,489.57 -300.65 11.45
      136 words
    • Article, Illustration
      Lock icon Singapore gets first case of Zika
      412 2  -  PR who had travelled to Sao Paulo is under isolation and treatment at Tan Tock Seng’s CDC By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE first case of the Zika virus has been reported in Singapore. In a joint statement, the Ministry of Health (MOH)
      microcephaly.PHOTO: AFP  -  412 words
    • Article
      Lock icon Association of Banks fends off ransomware attack
      385 2  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore WITH ransomware attacks on the rise in Singapore, the Association of Banks in Singapore (ABS) this week found itself defending successfully against such an infection aimed at drawing a ransom in exchange for data held hostage by
      385 words
    • Article
      Lock icon Car sales expected to cushion retail sales till year-end
      552 4  -  Motor sales rose 41.3% y-o-y in March, bumping up retail sales by 5.1%; underlying numbers still weak By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore RETAIL sales are still moribund following the latest March data, so hopes are increasingly being pinned on car
      552 words
    • Article
      Lock icon Passion investing a better bet in 2015
      644 5  -  By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore YOU would have been better off if you had invested with your heart than with your head last year. Putting your money in objects of passion like classic cars, wine, old coins, art, stamps, pricey watches
      644 words
    • Article
      Lock icon KrisEnergy explores recapitalisation options
      507 5  -  Firm swings to a first-quarter loss of US$18.3m, citing deepest oil downturn in three decades By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore OIL-and-gas exploration firm KrisEnergy is looking at various options of recapitalising the company in the next few months to meet its debt obligations. It said
      507 words
    • Article
      Lock icon Call for proposals on grid-scale energy storage
      422 6  -  Energy storage installed on grid level will help facilitate greater deployment of solar power By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SINGAPORE is moving to testbed a utility-scale energy storage system which, if successful, would not only help with the integration of renewable energy
      422 words
    • Article
      Lock icon Mundipharma investing S$100m over 5 years in Tuas plant
      558 6  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore MUNDIPHARMA will invest S$100 million in Singapore over the next five years, with a portion of this going into setting up a facility to make and distribute its range of Betadine antiseptics as well as
      558 words
    • Article, Illustration
      Lock icon P&G non-profit arm purifies its 10 billionth litre of potable water
      489 6  -  By Renald Yeo yrenald@sph.com.sg Singapore A NON-PROFIT arm of global consumer goods giant Procter Gamble (P&G) has purified its 10 billionth litre of potable water via the conglomerate’s Children’s Safe Drinking Water programme, said P&G at a celebratory event
      489 words
    • Article, Illustration
      Lock icon Heng Swee Keat will remain in ICU ‘for some time’: PM Lee
      249 7  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore FINANCE Minister Heng Swee Keat is now in stable condition, but he will remain under intensive care “for some time”, said Prime Minister Lee Hsien Loong. He shared these details in a
      FILE PHOTO  -  249 words
    • Article, Illustration
      Lock icon How to get your company future-ready
      935 7  -  How leaders deal now with workplace disruptions and emerging trends will make or break their organisations CUBICLE FILES By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT Singapore THE term “Workforce 2020” may sound right out of a sci-fi movie, but it is a hot topic that has
      935 words
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      459 3 Marina Bay Sands V i-i". W. i 1 ktiFif&i ill i— a!!:sEi Iilil;illl;j; iM6apH rifip ssi E= JW zzzzz H Kj|5 jSfJjFi •1H 5WWjSS’g ws»?*5 WK HP HW sa *«S ni a*®#* Sjfe-ji-A Jk' ;S Ww. 4*^r «*> fe-w •T^ Mr. Yoon Chul Ahn, Construction Manager SsangYong Engineering Construction, Korea
      459 words
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      64 5 SPACE SALE y?\^ STARTS TODAY! Space Furniture Open 10.30am 8pm daily ‘Conditions Apply. Check in-store for details. 77 Bencoolen Street +65 6415 0000 Images are a guide only. Not available in Singapore *****3 spacefurniture.asia conjunction with any other offer. aaaaaaaaaaaa AAAAAAAAAAAA r|nr|nrjnr|nr|n nfl rifl rifl nfl mi TTTTww MAKE SPACE
      64 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon TECH OPTIMIST
      2450 8/9  -  Chairman of PricewaterhouseCoopers Dennis Nally is embracing the transformative power of technology to enable the accounting business to adapt to constant change. By Jamie Lee By Jamie Lee leejamie@sph.com.sg @JamieLeeBT THE sea change in today’s world brought on by technology is all too familiar to Dennis Nally, chairman
      PHOTO: ARTHUR LEE  -  2,450 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon ST Engg’s Q1 earnings down 15.2%
      482 10  -  Higher sales from aerospace and electronics divisions help lift revenue 7.7% to S$1.63b By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore UNFAVOURABLE headwinds in the shipbuilding sector and a slowdown in China resulted in Singapore Technologies Engineering (ST Engg) posting a 15.2 per cent fall
      482 words
    • Article, Illustration
      Lock icon Final form of SIA-United tie-up yet to materialise: SIA CEO
      550 10  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore WHAT may result from Singapore Airlines’ (SIA) negotiations with United Airlines is yet to be decided, but it will help the Singa-pore-based aviation group fend off pressure from competitors as it grapples with low
      decline.ST FILE PHOTO  -  550 words
    • Article
      Lock icon Forex gains, better margins boost Golden Agri in Q1
      452 10  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore INDONESIAN palm oil producer Golden Agri-Resources reported a net profit of US$94 million for the first three months of 2016, or around S$0.01 a share, boosted by currency and tax gains and better downstream margins.
      452 words
    • Article, Illustration
      Lock icon STI ends week 4 points up despite Friday’s fall
      741 11  -  STOCKS| R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent WHEN oil fell below US$30 a barrel in February, the worry that descended on markets was the threat of deflation, which Investopedia defines as “a general decline in prices, often caused by a reduction
      741 words
    • Article
      Lock icon Corporate digest |
      232 11 Corporate digest Thai Beverage THAI Beverage Public Co posted a 30 per cent rise year-on-year in net profit to 8.56 billion baht (S$332.73 million) for the first quarter ended March 31, 2016. The bottom line was bolstered by higher profit of its spirits, beer and food businesses and Fraser Neave/Frasers
      232 words
    • Article
      Lock icon Short-lived rally for Kim Heng on Iran foray
      437 11  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore SHARES in Kim Heng Offshore Marine Holdings staged an early rally bid on Friday following a pre-market announcement by the company on its planned foray into Iran. But the strong opening and subsequent rise proved
      437 words
    • Article
      Lock icon STI STOCKS
      306 14 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 234 xd -6 241/233 255 209 6.6 6166.6 CapitaCom Trust 138.5 -1 140/137.5 166.5 122.5 6.2 4094.5 CapitaLand 301 unch 302/298 367 267 12 3 *****.5 CapitaMall Trust 205 -3 209/205 224
      306 words
    • Article
      Lock icon SGX ETFs Most Active
      108 14 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 279 -1 474 279/277 351/254 278/279 ABF SG Bond ETF 117.7 -0.3 256 118.4/117.7 119/112 118/118.4 537.3 DBXT MSINDO us$ US1235 -16 44 1241/1229 1414/911 1231/1236 DBXT MSBrazil US$ US314 -2 37 318/314 399/190
      108 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 14 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 8 4 0 1 0 3 9 4 Manufacturing 27 40 33 6 6 14 33 46 47 Commerce 13 23 13 3 6 8 16 29 21 Tpt/Stor/Comms 7 19 8
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 14 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,735 462 17,197 51,443 87 51,530 Manufacturing 81,263 19,842 101,105 101,792 1,480 103,272 Commerce 100,570 33,377 133,947 106,139 1,122 107,261 Tpt/Stor/Comms 150,820 345 151,165 250,598 29 250,626 Finance 127,790 370 128,160 173,355 47 173,402 Construction
      121 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      82 14 VOL CLOSE($) CHANGE ISR Capital 90,552.3 0.082 +0.050 +156.25 SMJ Intl 50.0 0.107 -0.043 -28.67 Matex Intl 200.0 0.018 -0.012 -40.00 Natural Cool 756.8 0.163 +0.023 +16.43 Attilan^ 13,720.4 0.005 +0.001 +25.00 800 Super 2,199.2 0.525 +0.050 +10.53 Tiong Seng 903.0 0.235 +0.015 +6.82 Jadason 2,719.1 0.013 +0.002
      82 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 14 May 13 VALUE CLOSE BT OB/OS -662.00 -88.00 BT CADI -*****.00 -103.00 BT 10-day MA -*****.00 -66.00 FTSE ST Mid Cap 671.67 -3.14 FTSE ST Small Cap 389.45 -1.80 FTSE ST All Share 671.27 -1.79 FTSE ST China Top 159.02 -1.50 FTSE ST China 186.89 -1.76 FTSE
      77 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      787 14 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning May 9 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Tee Land 12-May-16 Phua Cher Chew Buy 210 0.20 1811 0.41 2021 0.45 Annaik Ltd 11-May-16 Ow
      787 words
    • Article
      Lock icon COMMODITY FUTURES
      192 15 May-12 Price Net change change Last Trade Agricultural May-12 CBOT Soybeans (US cents/bu) 1064.50 -5.25 -0.49% 13/05/2016 CBOT Soybean Oil (US cents/lb) 32.30 -0.78 -2.36% 13/05/2016 CBOT Wheat (US cents/bu) 458.50 9.00 2.00% 13/05/2016 May-12 LIFFE Cocoa (£/tonne) 2201.00 -39.00 -1.74% 13/05/2016 LIFFE Coffee (US$/tonne) 1649.00 7.00 0.43%
      192 words
    • Article
      Lock icon PALM OIL
      57 15 May 13 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 16 2650.0 2635.0 2650.0 2635.0 29 1332 Jun 16 2610.0 2604.0 2614.0 2589.0 1371 9083 Jul 16 2599.0 2587.0 2603.0 2576.0 ***** ***** Aug 16 2569.0 2560.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      63 15 May 13 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.05 5-Year NX*****X 2.250 01-Jun-21 103.36 103.37 103.25 10-Year NX*****Z 2.375 01-Jun-25 103.49 103.55 103.40 15-Year NZ*****F 2.875 01-Sep-30 107.19 20-Year NZ*****V 3.375 01-Sep-33 114.44 114.50 114.50 30-Year NA*****H
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 15 May 13 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9996 1.0003 0.7296 0.7298 Canadian dollar 1.0657 1.0665 0.7781 0.7778 Euro 1.5538 1.5549 1.1341 1.1345 NZ dollar 0.9321 0.9332 0.6803 0.6809 Sterling pound 1.9751 1.9764 1.4416 1.4420
      155 words
    • Article, Illustration
      Lock icon Straits Times Index
      5 15 Source: Bloomberg
      Source: Bloomberg  -  5 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      211 15 Most active May 13 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 7.6 unch 4987 0.1 1480 2 UOB MB eCW*****5 3.6 0.2 3056 0.1 1890 2 STI 2700 MB ePW*****0 4.2 -0.1 2850 0.0 1
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      377 15 In local curr In S$ In US$ dy yr dy yr dy yr May 12 Index Change Change Change Change Change Change World Preliminary 1241.9 -0.4 -2.8 -0.2 -4.4 -0.4 -1.0 EAFE Preliminary 932.2 -0.5 -8.0 -0.3 -7.4 -0.6 -4.1 Europe Preliminary 1315.9 -0.8 -6.8
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    • Article, Illustration
      Lock icon STOCK MARKETS
      10 15 Source: Bloomberg Source: Bloomberg Source: Bloomberg Source: Bloomberg
      Source: Bloomberg  -  10 words
    • Article
      Lock icon Olam’s Q1 earnings treble to S$113.6m
      466 16  -  Boost comes from lower charge from bond buybacks; revenue up 10.2% at S$4.8b By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore OLAM International’s earnings trebled in the first quarter, thanks to a lower charge from the buybacks of high-priced bonds compared to last year. The agri-commodities
      466 words
    • Article
      Lock icon Genting Singapore Q1 gain battered by bad debt, softer gaming revenue
      321 16  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore WEAKER gaming revenue from its Singapore integrated resort (IR) and a drop in other operating income battered Genting Singapore’s first-quarter earnings. The casino operator’s previous easy-credit policy has also continued to haunt it
      321 words
    • Article
      Lock icon S’pore agri trader buys Canadian processing plant
      238 16  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SINGAPORE agri-commodity trading company Agrocorp International is buying a grain handling plant in Canada, expanding its presence there further. Agrocorp, which has a revenue of US$1.9 billion, is buying Veikle Grain, located in the town of Cut
      238 words
    • Article
      Lock icon Perennial’s Q1 profit buoyed by fair value gain
      357 16  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore BUOYED by fair value gain, Perennial Real Estate Holdings’ net profit jumped in the first quarter ended March 31 to S$8.47 million, compared to S$3.42 million a year ago. This fair value gain was derived from
      357 words
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      Lock icon Page 12 Advertisements Column 1
      519 12 MAKING ITS MARK GLOBALLY Oxley Holdings Limited is a homegrown property developer with outstanding track records. To date, Oxley has expanded into eight overseas markets and executed successful launches of one waterfront township in UK and two mixed-use developments in Cambodia, and completed 20 of the 29 launched property developments
      519 words
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      2443 13 SUBSCRIBE NOW! PUBLIC OFFER CLOSES ON 16 MAY 2016,12 NOON 5.® 4-YEAR BONDS FIXED RETURNS SUBSCRIBE FROM AS LOW AS SS2.000 X f T-SPACE, SINGAPORE THE PEAK, CAMBODIA THE BRIDGE. CAMBODIA OXLEY TOWERS KUALA LUMPUR CITY CENTRE. MALAYSIA NOVOTEL SINGAPORE ON STEVENS IBIS SINGAPORE ON STEVENS W ■ilLIUII ■Mm •1
      2,443 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon How to buy a house without an on-site visit
      707 17 Video tours, a trustworthy agent, online neighbourhood recce, all help January.Reuters New York FOR people who are relocating and cannot visit a property in person, technology has made the hurry-up buying process so comfortable that 21 per cent of homebuyers say
      January.Reuters; first.PHOTO: DESMOND FOO/THE STRAITS TIMES  -  707 words
    • Article
      Lock icon Houston developers know how to build apartments
      402 17 there. Which is a shame. Bloomberg View By Justin Fox HOUSTON, where I am this week, is infamous for its sprawl. The city itself covers 1,554 square kilometres, and its suburbs keep expanding in almost all directions. Yet here’s something else Houston should
      there. Which is a shame. Bloomberg View  -  402 words
    • Article
      Lock icon Luxury home sales fall in London, NY
      178 17 brand.Bloomberg Boston THE world’s wealthiest homebuyers are pulling back from the traditional magnets of New York, Hong Kong and London, making way for cities such as Auckland, New Zealand, and Jackson Hole, Wyoming, to rank among the fast-est-growing luxury real estate markets. Sales
      brand.Bloomberg  -  178 words
    • Article
      Lock icon Househunt
      1248 18 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN MARCH 30 AND APRIL 5, 2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LANDAREA*(SQ FT) PRICE (S$’000) PSF (S$) District 12 NON-LANDED Eight Riversuites Apt 04/04/2016 99 1916 1750 913 Eight Riversuites Apt 01/04/2016 99 2142 1880 878
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      37 17 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
      37 words
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  • BANKING & FINANCE
    • Article
      Lock icon Global network exploited again in bank breach
      816 19 New details about a second attack involving SWIFT are emerging; lender not identified accounts.NYT New York THIEVES have again found their way into what was thought to be the most secure financial messaging system in the world and stolen money from a bank.
      accounts.NYT  -  816 words
    • Article, Illustration
      Lock icon In search of growth, Goldman Sachs turns to debt
      467 19 Reuters New York GOLDMAN Sachs Group Inc is hosting its first ever leveraged finance conference next week as the Wall Street bank tries to strengthen its position in debt underwriting and looks for new avenues of growth. The event is a
      Reuters; PHOTO: REUTERS  -  467 words
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      247 19 THE BUSINESS TIMES NOTICES THE COMPANIES ACT, CAP. 50 PERECOM INVEST PTE. LTD. (IN VOLUNTARYWINDING-UP) (UEN: *****0231H) At an Extraordinary General Meeting of the abovenamed company held on 9 May 2016 the following Special Resolution was duly passed: "THAT the company be wound up voluntarily pursuant to Section 290(1)(b) of
      247 words
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Iran’s revival unlikely to change Opec stance
      584 20 Country’s oil production rises to highest since 2011, IEA says; oil price gains mean no need for output freeze: analyst Bloomberg Dubai IRAN’S success in boosting crude output to the most since late 2011 is no incentive for it to join Organization of
      Bloomberg  -  584 words
    • Article, Illustration
      Lock icon Humble tofu powering Indonesian homes with clean energy
      741 20 AFP Kalisari, Indonesia IN A dark and steamy room in Indonesia’s tofu heartland three men sweat over bubbling cauldrons, churning creamy beancurd with wooden paddles before draining it by hand and slicing it into silky cubes. Tofu has been cooked this way
      AFP; PHOTO: AFP  -  741 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Setting sights on turning hands into keyboards
      676 21 Tap Systems’ foam strap translates finger taps into letters, numbers language or protocol.” Bloomberg Jerusalem WITH estimates suggesting the global market for wearable tech will surpass US$30 billion by 2020, significant prizes await those who can crack “the next big thing”. Ran Poliakine,
      language or protocol.” Bloomberg; PHOTO: BLOOMBERG  -  676 words
    • Article
      Lock icon Facebook reveals its policy on news content
      731 21 NYT San Francisco FACEBOOK, the largest social media network, published internal editorial guidelines on Thursday, the company’s latest attempt to rebut accusations that it is politically biased in the news content it shows on the pages of its 1.6 billion users. The 28-page
      NYT  -  731 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Govt urges BBC to become ‘more distinctive’
      541 22 Famed broadcaster will be subject to outside regulation for first time in its 94-year history Cameron.Reuters London THE BBC will face external regulation for the first time in its 94-year history, the government said on Thursday, subjecting it to tighter scrutiny but stopping
      Cameron.Reuters; PHOTO: REUTERS  -  541 words
    • Article
      Lock icon SPH launches new print technology
      411 22  -  By Nur Sabrina Azmi nsazmi@sph.com.sg Singapore ADVERTISERS in newspapers produced by Singapore Press Holdings (SPH) will now be able to put out multiple messages for a given ad in the same edition of a newspaper without the need to stop the presses to change plate
      411 words
    • Article
      Lock icon Foxconn founder tells Sharp staff layoffs needed to begin revival
      529 22 vals.Reuters Tokyo/Taipei FOXCONN founder Terry Gou says there will have to be layoffs at Sharp Corp to turn around the ailing Japanese company, but has pledged that wages will rise and profit-sharing will again be the norm. “Unfortunately, a close
      vals.Reuters  -  529 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon Hapag-Lloyd, Asian lines form new alliance
      628 223 Tie-up between Germany’s top container shipping line and 5 partners will take on bigger rivals amid glut in capacity profit.Bloomberg Tokyo HAPAG-Lloyd AG, Germany’s top container shipping line, and five Asian carriers will form a new vessel-sharing alliance to take on bigger rivals amid
      profit.Bloomberg; PHOTO: BLOOMBERG  -  628 words
    • Article
      Lock icon VW getting ready to move on recovery plan in US: sales chief
      437 223 Reuters Wolfsburg, Germany VOLKSWAGEN hopes to reach a final settlement with the US authorities over the diesel emissions scandal next month so that it can get moving on a recovery plan which will see the launch of several
      Reuters  -  437 words
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      89 223 WE'RE BACK BIGGER AND BETTER! r< ST JOBS 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 •S Recruit talented job seekers on the spot VENUE: Marina Bay
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon April retail sales post largest gain in a year
      560 24 Jump of 1.3% is a welcome reprieve for a sector that has struggled with tepid demand LATEST US DATA Reuters Washington US retail sales in April recorded their biggest increase in a year as Americans stepped up purchases of cars and
      Reuters; PHOTO: AFP  -  560 words
    • Article, Illustration
      Lock icon Lagarde issues yet another bleak warning if UK chooses Brexit
      644 24  -  By Neil Behrmann btworld@sph.com.sg London UNVEILING the latest report on Britain, International Monetary Fund (IMF) managing director Christine Lagarde has issued a bleak warning that the nation could plunge into “severe” crisis by voting to quit the European Union. The
      644 words
    • Article
      Lock icon Malaysia grows at slowest pace in over 6 years
      425 25 GDP rises 4.2% in latest quarter as exports, private investment slip Bloomberg Kuala Lumpur MALAYSIA’S economy grew at the slowest pace in more than six years as exports weakened and private investment eased, adding pressure on policy makers to boost growth
      Bloomberg  -  425 words
    • Article
      Lock icon HK economy contracts in Q1
      278 25 ment.”Bloomberg Hong Kong HONG KONG’s economy unexpectedly contracted in the first quarter as falling retail sales and a weakening property market weigh on the city. Gross domestic product fell 0.4 per cent in the three months through March from the previous quarter, the government said
      ment.”Bloomberg  -  278 words
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      209 25 Subscribe with Sfh at Philips Carnival Sale and get a $50 CASH VOUCHER' Philips Carnival Sale 2016 at 622 Lorong 1, Toa Payoh 13 MAY, FRI 5pm-9pm 14 MAY, SAT 9am-7pm 15 MAY, SUN 9am-7pm Mnju diri dciigun sains Berita Ilariari m.i I lulimah puji Sciisoigat Singapura' THE BUSINESS TIMES
      209 words
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  • OPINION
    • Article, Illustration
      Lock icon S’pore and the ‘Sterling Raj’
      3558 26/27  -  The following is an excerpt from a chapter of GIC’s e-book titled “Safeguarding the Future The Story of How Singapore Has Managed Its Reserves and The Founding of GIC”. The e-book chronicles the seminal events of Singapore’s early years which crystalised the nation’s need to
      PHOTO: BLOOMBERG  -  3,558 words
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      35 26/27 ~The Web version of GIC’s e-book is available on BT’s website http://bt.sg/gichistory. To download the interactive E-Book iPad App, along with an ePub file, an illustrated PDF and an audio book, please go to http://gichistory.gic.com.sg
      35 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Wake-up call for hedge fund investors
        1368 28/29  -  Many major US insurance firms are doing a rethink, following steep losses in their hedge fund investments during the last quarter. By James B Stewart By James B Stewart NYT LIKE many sophisticated investors, the nation’s largest insurers drank the hedge fund Kool-Aid, pouring
        NYT  -  1,368 words
      • Article
        Lock icon BROKERS’ TAKE
        618 28/29  -  Compiled by Claire Huang ComfortDelGro Corporation Buy RHB Research, May 13 Target price: S$3.40 May 13 close: S$2.80 WE lower FY2016/2017 forecast earnings per share by 11 per cent and 10 per cent respectively, to account for a greater number of shares, smaller taxi fleet growth locally, increased
        618 words
      • Article, Illustration
        Lock icon Be prepared for lower returns on your investments for retirement
        1222 30  -  One option is to choose low-cost, well-diversified portfolios that fit your risk profile and needs. By Sean Cheng ~The writer is an investment analyst with Providend Ltd, a fee-based retirement-planning firm MAKINGyourmoneyworkh a r d e r h a s
        PHOTO: AFP  -  1,222 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon It’s good times for Ontario’s wine industry
      814 31 Cheaper currency, looser liquor regulations draw investors to Canadian province even as its wares gain international appeal Bloomberg Toronto ROW after row of delicate young vines line the long driveway leading to Peller Estates Winery in Niagara-on-the-Lake. It’s a cool spring morning and
      Bloomberg; PHOTO: BLOOMBERG  -  814 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      357 31 CRYPTIC CROSSWORD Across 1 Calm businessman on river, not for all to see (6) 4 Trusted figure reformed law in beginning (8) 10 Close to camp, European’s moving clear of northern fog (9) 11 Government agency backed religious books in course (5) 12 Food before wine recalled as stew (7)
      357 words
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      132 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENNIA A HARSH, UNYIELDING ENVIRONMENT; AND SINCE 1875 THE ,IN THE VILLAGE OF LE HOME OF AUDEMARS PIGUET B R A S S U S T H E E A R LY WAT C H M
      132 words