The Business Times, 21 May 2016

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Microfilm: NL33856
Total Pages: 39
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 BT LIVING Weekend THE BUSINESS TIMES www.b sinesstime .com.sg| MAY 21-22, 2016 S$1.20| MCI (P) 040/08/2015 Sfh A SINGAPORE PRESS HOLDINGS PUBLICATION
    22 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      44 1 PHOTO: ARCHITOLOGY DINING Meatless mains L6-7 STYLE Wanderlust inspirations L10 MOTORING Sport on L15 GOLF Swinging into a new round L16 GADGETS Ultra-magnificent L11 WELLNESS Just hop in to de-stress L12-13 SETTING THE F&B MOOD Designers providing extra charm and flavour at restaurants L2-5
      44 words
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  • DESIGN
    • Article, Illustration
      Lock icon Setting the F&B mood
      3866 2 / 3  -  The right ambience can enhance a dining experience; BT Weekend talks to some designers who have provided extra charm and flavour with their work at some well known restaurants. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT Memorable experiences Arthur Chin and Yu Yah-Leng
      MS LlN‘S PHOTO: YEN MENG JIIN; MR BU’S PHOTO: YEN MENG JIIN  -  3,866 words
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  • DINING
    • Article, Illustration
      Lock icon MEATLESS MAINS
      1399 6 / 7  -  Vesak Day may be a good reason to go vegetarian today. But there are plenty of reasons to go meatless every day as vegetables gain favour among chefs and diners. By Tan Teck Heng RYAN Clift remembers first trying to take meat off the menu at his farm-themed
      PHOTO: YEN MENG JIIN  -  1,399 words
    • Article, Illustration
      Lock icon Flora over fauna
      718 6 / 7  -  Vegetable-centric dining options that will tempt even the most hardened meat lovers. By Tan Teck Heng By Tan Teck Heng thtan@sph.com.sg Saint Pierre 1 Fullerton Road #02-02B, One FullertonZ 6438 0887 SAINT Pierre moved from Sentosa to One Fullerton earlier this year, and as with previous incarnations
      PHOTO: YEN MENG JIIN  -  718 words
    • Article, Illustration
      Lock icon Local bites with a twist
      1453 8 / 9  -  Modern Singaporean cuisine seems to be a fast-growing genre for local chefs eager to carve an original niche for themselves. But is one person’s originality another person’s gimmick? BT Weekend susses out some of the new players in town. By Tan Teck Heng thtan@sph.com.sg SIRLOIN
      1,453 words
    • Article, Illustration
      Lock icon WHEN ARCHITECT MEETS CHEF
      412 8 / 9  -  By Rachel Loi @RachelLoiBT rachloi@sph.com.sg red pan Marina Square, #02-03/04 Open Mon to Fri, 9am 10pm, Sat, Sun, and public holidays, 11am 10pm http://redpan.sg Z 6255 5850 WHAT do you get when you cross a local architecture firm with a local F&B company? One answer is
      412 words
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  • STYLE
    • Article, Illustration
      Lock icon Wanderlust inspirations
      950 10  -  An extension of the brand’s heritage of travel and collaborations, Louis Vuitton’s Objets Nomades are collectibles to covet for any fan of traditional savoir-faire and contemporary design. By May Yip By May Yip EN ROUTE to the cosy exhibition of travel-inspired collectibles called Objets Nomades, one has to
      950 words
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  • GADGETS
    • Article, Illustration
      Lock icon Ultra-magnificent
      1043 11  -  With its outstanding hardware and lovely aesthetics, the Razer Blade Stealth promises to shake up the laptop market. By Sherwin Loh By Sherwin Loh sherwinl@sph.com.sg @SherwinLohBT SOMETIMES, it takes a newcomer to shake things up, and that is exactly what Razer is doing to the laptop market. The new
      1,043 words
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  • WELLNESS
    • Article, Illustration
      Lock icon Just hop in to de-stress
      735 12/13  -  Feeling the strain or tension? Getting relief is now easier with more day spas popping up in the city. BT Weekend checks out a few centres where you can soak and steam away the pressure. By Cheah Ui-Hoon By Cheah Ui-Hoon Calla Spa Tower 2,
      735 words
    • Article, Illustration
      Lock icon Authentic Japanese onsen experience
      570 12/13  -  By Cheah Ui-Hoon Yunomori Onsen Spa #02-17/18 Kallang Wave Mall 1 Stadium Place Z6386-4126/6385-7985 Opens: 11am-11pm daily www.yunomorionsen.com AT 16,000 square feet, with 11 pools, Yunomori Onsen Spa is all about bringing the Japanese bathing culture to Singapore. This is Yunomori’s second venture in the region
      570 words
    • Article
      Lock icon Four Seasons’ exclusive L’Occitane treat
      508 12/13  -  By Cheah Ui-Hoon uihoon@sph.com.sg Four Seasons Spa L’Occitane 190 Orchard BoulevardZ 6831-7400 www.fourseasons.com/singapore/spa FANS of French marque L’Occitane will be happy to know that Four Seasons spa is now in partnership with the top-rated skincare brand. It gives a huge recognition boost to the hotel’s
      508 words
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  • MOTORING
    • Article, Illustration
      Lock icon Excellent Elantra
      474 14  -  The new Hyundai Elantra surprises with its refinement and high level of equipment. By Samuel Ee samuelee@sph.com.sg THE shiny plastic chrome is out and the refinement is in. Then there is the eye-pop-ping equipment. The Hyundai Elantra has finally grown up and it is impressive. Little wonder that
      474 words
    • Article, Illustration
      Lock icon Automotive Zenith
      87 14  -  By Samuel Ee A DECADE after they were conceived, the Rolls-Royce Phantom Drophead Coupe and Phantom Coupe will go out with a bang as the Phantom Zenith Collection. This is a bespoke collection of 50 cars which will have lovingly rendered details, such as a champagne fridge in
      87 words
    • Article, Illustration
      Lock icon SPORT ON
      671 15  -  The Audi Sport sub-brand of high-performance models is being launched with a driving experience event in Changi. By Samuel Ee THE brand with the four interlocking rings has spun off its high-performance cars under the dedicated Audi Sport sub-brand and what better way to launch it than with
      671 words
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  • GOLF
    • Article, Illustration
      Lock icon Swinging into a new round
      788 16  -  More than just a game, The BT Corporate Golf League allows top PMEBs to network on the fairways. By Justine Moss By Justine Moss WHEN this year’s Business Times Corporate Golf League tees off at the end of June, a total of 22 teams some
      788 words
    • Article
      Lock icon Ladies’ tee party
      183 16 NEXT week will see 95 women amateur golfers teeing off in the SLGA Singapore Ladies Amateur Open Golf Championship, an event that has always attracted some of the region’s top female amateur golfers. The annual championship was first organised by the SLGA in 1982 to promote amateur
      183 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon CONTENTS
      53 2 NEWS Top Stories 2-7 Focus 8-9 Raffles Conversation 10-11 Companies Markets 12-16 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 Design L2-5 Dining L6-9 Style L10 Gadgets L11 Wellness L12-13 Motoring
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    • Article
      Lock icon MARKETS
      136 2 GSTI 2,763.82 (+23.71) GSTI FUTURES 2,764.00 (+24.00) GSIMSCI 307.12 (+2.45) GSIMSCI FUTURES 307.55 (+4.10) STOCKS Friday Change KL COMP 1,628.79 -4.97 NIKKEI 225 16,736.35 +89.69 HANG SENG 19,852.20 +157.87 SET CLOSED CLOSED JAKARTA 4,711.88 +7.66 MANILA 7,299.03 -128.30 KOSPI 1,947.67 +0.89 SHENZHEN B 1,024.02 -2.47 MUMBAI 25,301.90 -97.82 11.45
      136 words
    • Article, Illustration
      Lock icon New panel set up to boost productivity drive
      341 2  -  It’ll advance efforts by SkillsFuture, National Productivity councils By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE government has set up a new Council for Skills, Innovation and Productivity (CSIP), and appointed Deputy Prime Minister Tharman Shanmugaratnam as the chair of this tripartite body.
      341 words
    • Article
      Lock icon S-E Asia private equity deals at a low
      581 3  -  2015 transactions fall 56% to US$4.2b, the worst since 2004; in contrast, Asia-Pac is up 43% at US$125b By Genevieve Cua gen@sph.com.sg @GenCuaBT Singapore Singapore THE Asia-Pacific private equity market saw a record year in 2015, but deal activity in South-east Asia
      581 words
    • Article
      Lock icon Correction
      50 3 IN “CDL to home in on strategic investments in real-estate firms” (BT, May 20), we gave the wrong designation for Grant Kelley when he was at Apollo Global Management. It should have been co-head of Asia-Pacific, not co-head of real estate for Asia-Pa-cific. We are sorry for the error.
      50 words
    • Article
      Lock icon Paris pact: boon and bane for petrochem
      501 4  -  Conference told that as carbon emissions are reduced, industry can provide innovative solutions in energy transition By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore WHILE the Paris climate change agreement reached last year will have a strong impact on the petrochemical industry in reducing its
      501 words
    • Article, Illustration
      Lock icon Iran woos Singapore firms to invest in infrastructure projects
      772 4  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore IRAN is reaching out to businesses in Singapore for investments of up to US$1 trillion in infrastructure projects over the next 10 years. Visiting Minister of Cooperatives, Labour and Welfare Ali Rabiei flagged property
      772 words
    • Article, Illustration
      Lock icon Trade pacts signal political commitment to prosper together, says PM Lee
      685 5  -  Plurilateral, bilateral agreements are ‘building blocks’ towards overall economic cooperation By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore HAVING different free trade agreements (FTAs) that overlap one another will boost the levels of integration within South-east Asia as well as with
      PHOTO: REUTERS  -  685 words
    • Article, Illustration
      Lock icon Sleeping on the job may well pay off big
      890 6  -  Despite reservations about potential abuse, companies are more likely to reap the benefits of a more refreshed and productive workforce cubicle files By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT Singapore A BARRAGE of recent research findings on the global sleep crisis confirms what
      890 words
    • Article, Illustration
      Lock icon Onus on cyclists to prove two wheels rule
      792 7  -  SATURDAY SOAPBOX By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT THREE Sundays ago, I was biking past the ArtScience Museum when a child on a training bike emerged from a throng of strollers and rode straight at me. I veered/braked, but still failed to avoid
      BT Illustration: Dania Amiril  -  792 words
    • Article, Illustration
      Lock icon Singapore’s Q1 domestic wholesale trade slumps 22.6%
      395 7  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore SINGAPORE’S domestic wholesale trade, dragged down by lower oil prices, deepened their slide in the first quarter of this year. It fell by 22.6 per cent in Q1 when compared to the same period last year. “The
      PHOTO: AFP  -  395 words
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      65 3 SPACE SALE NOW ON! aaaaaaaaaaaa aaaaaaaaaaaa XH 1 y^ TTTT 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. nnr|nrjnrpr|n r|Hr|Hr|Mr|Hr|H »»ww TTTT vv MAKE
      65 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      127 5 oct. \*^y qn-Li- tm 4 A S y WILLEM GERARD HOFKER I Portrait of a child with flowers I 1943 I Oil on canvas 36 x 28 cm CHEN WEN HSI I Herons Composition I Chinese ink and color on rice paper 110 x60 cm CONTEMPORARY MODERN ART Viewing Monday
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  • FOCUS
    • Article, Illustration
      Lock icon The sachet that houses a water treatment plant
      1100 8 / 9 Made in Singapore, it is responsible for providing clean drinking water to people all over the world who do not have access to potable water. The Business Times looks at how the milestone of purifying the 10 billionth litre of water is
      BTGraphics: Renald Yeo, Dania Amiril, Andrea Lee & Simon Ang  -  1,100 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon On a stream of creativity
      2016 10 / 11  -  A serial entrepreneur, Netflix co-founder and chief Reed Hastings does his best to encourage a startup culture at the streaming service provider, even when hiring talent. By Jacquelyn Cheok By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT DAPPER with greying black hair and a chiselled face that brings
      PHOTO: AIDAN LOO  -  2,016 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon NeraTel to sell payment unit for S$88m
      528 12  -  Sale to France’s Ingenico will sharpen firm’s focus on core business and strengthen balance sheet By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore TELECOMMUNICATIONS and information network solutions provider Nera Telecommunications (NeraTel) has agreed to sell its payment solutions unit to French payments giant Ingenico
      528 words
    • Article, Illustration
      Lock icon Genting Singapore still a cash cow, says chairman Lim Kok Thay
      743 12  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur EVEN though Genting Singapore’s earnings are slipping amid increasing competition, the casino operator remains highly profitable and a cash cow, its executive chairman, Lim Kok Thay, has asserted. He said that bad debts,
      ST FILE PHOTO  -  743 words
    • Article, Illustration
      Lock icon FOMC minutes, pennies steer the week’s trades
      548 13  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent OVER the course of t h e wee k Straits Times Index t h e Straits Times Index (STI) rose about 30 points or 1.1 per cent to 2,763.82, including Friday’s 23.71-point bounce. In contrast to
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    • Corporate digest
      • Article
        Lock icon OKH Global
        138 13 PROPERTY developer OKH Global Ltd said that it has entered into a loan agreement on Friday with Haiyi Holdings Pte Ltd, the controlling shareholder of real estate company SingHaiyi Group Ltd, for a S$10 million loan. The loan will be disbursed within five business days of the signing
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      • Article
        Lock icon Technics Oil & Gas
        120 13 Technics Oil Gas OFFSHORE solutions provider Technics Oil Gas has hit back at its landlord, Soilbuild Business Space Reit, after the latter launched legal action against it over unpaid rent and other charges. Technics has filed a writ of summons and injunction against Soilbuild Reit, the trust said in a
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    • Article
      Lock icon GAINERS
      73 13 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 33.1 0.2 *****/***** DBXT MSTaiwan US$ 1848 30.4 1.2 2350/1667 DBXT S&P500 US$ 3555 19.3 0.4 3615/3126 UOB 1794 19.0 1.1 2424/1680 Courage Marine 86 16.0 22.9 130/50 BY PERCENTAGE CLOSE UP 52w high/low Viking W*****5 2.2 1000.0 2.0 2.2/0.1
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    • Article
      Lock icon LOSERS
      76 13 BY CENTS CLOSE DOWN 52w high/low DBXT USDIGInfl US$ ***** -317.3 -0.8 *****/***** DBXT iBoxxUSTr US$ ***** -313.1 -1.0 *****/***** DBXT Nifty US$ ***** -205.5 -1.3 *****/***** JSH USD 2845 -53.8 -1.4 3433/2524 DBXT MSKorea US$ 5008 -46.9 -0.7 6030/4478 BY PERCENTAGE CLOSE DOWN 52w high/low CompactMetal W*****0 0.6
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    • Article
      Lock icon MOST ACTIVE
      36 13 VOLUME GCCP 50,459,400 Ezra 49,540,100 Golden Agri-Res 48,632,900 ManulifeReit USD 42,665,600 Noble 38,979,300 Market volume 1,677,104,000 VALUE Singtel 59,105,818 Global Logistic 54,987,927 ManulifeReit USD 46,598,041 DBS Grp 46,184,635 OCBC Bank 41,630,880 Market value 928,562,000
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    • Article, Illustration
      Lock icon Manulife US Reit ends debut 4.8% below IPO price
      427 13  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SHARES of Manulife US Real Estate Investment Trust (Reit) traded below water on the stock’s debut on Friday amid higher expectations of a US interest rate hike in June. The counter closed at 79 US
      Source: Bloomberg  -  427 words
    • Article
      Lock icon STI STOCKS
      304 14 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 231 +4 232/226 255 209 6.6 6087.5 CapitaCom Trust 138 unch 138.5/137 166.5 122.5 6.2 4079.7 CapitaLand 299 +3 300/294 367 267 12 3 ***** CapitaMall Trust 205 unch 207/202 224 184.5
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    • Article
      Lock icon SGX ETFs Most Active
      110 14 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 281 +2 129 282/279 351/254 281/282 IS MS INDIA US$ US657 -4 58 659/656 780/575 655/657 82.1 DBXT MSRussia US$ US191 -2 49 192/191 229/129 191/192 ABF SG Bond ETF 116.6 -1 31 117.6/116.5
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      793 14 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning May 16 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Heatec Jietong Hldgs 19-May-16 Soon Jeffrey Buy 300 0.03 1100 0.89 1400 1.14 Heatec Jietong Hldgs 19-May-16
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    • Article, Illustration
      Lock icon SECURITIES TRADING SCOREBOARD
      183 14 Sing foreign stocks. Value calculated using Mond MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 6 2 0 1 0 5 7 2 Manufacturing 39 28 25 10 5 14 49 33 39 Commerce 17 19 9 2 4 7
      Sing & foreign $ stocks. Value calculated using Mond  -  183 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 14 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,197 260 13,457 46,256 47 46,303 Manufacturing 87,543 27,812 115,355 92,409 2,197 94,606 Commerce 64,380 33,872 98,252 53,919 859 54,778 Tpt/Stor/Comms 110,225 134 110,359 140,042 10 140,052 Finance 29,446 364 29,810 136,460 58 136,518 Construction
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 14 May 20 VALUE CLOSE BT OB/OS -266.00 +159.00 BT CADI -*****.00 +39.00 BT 10-day MA -*****.00 -27.00 FTSE ST Mid Cap 671.13 +4.37 FTSE ST Small Cap 389.45 +0.53 FTSE ST All Share 676.28 +4.44 FTSE ST China Top 160.61 +0.95 FTSE ST China 189.27 +0.44 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      66 14 VOL CLOSE($) CHANGE Suntar Eco-City 0.260 Heatec Jietong 261.9 0.029 -0.001 -3.33 TPV Tech 0.235 Jadason 2,685.1 0.033 -0.002 -5.71 Chemical Ind 116.8 0.680 +0.045 +7.09 Joyas Intl 920.1 0.006 Asiatic 0.017 United Food 0.075 CPH 0.2 0.004 Star Pharm 38.3 0.185 -0.040 -17.78 Shows the stocks with
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    • Article
      Lock icon COMMODITY FUTURES
      193 15 May-19 Price Net change change Last Trade Agricultural May-19 CBOT Soybeans (US cents/bu) 1071.50 -3.75 -0.35% 14/07/2016 CBOT Soybean Oil (US cents/lb) 31.91 -0.54 -1.66% 14/07/2016 CBOT Wheat (US cents/bu) 468.75 -11.25 -2.34% 14/07/2016 May-19 LIFFE Cocoa (£/tonne) 2120.00 -21.00 -0.98% 14/07/2016 LIFFE Coffee (US$/tonne) 1613.00 -27.00 -1.65%
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    • Article
      Lock icon PALM OIL
      57 15 May 20 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 16 2550.0 2557.0 2569.0 2544.0 256 6092 Jul 16 2526.0 2548.0 2559.0 2522.0 8638 ***** Aug 16 2507.0 2528.0 2539.0 2505.0 ***** ***** Sep 16 2483.0 2499.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      67 15 May 20 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.00 5-Year NX*****X 2.250 01-Jun-21 102.95 103.00 103.00 10-Year NX*****Z 2.375 01-Jun-25 102.21 102.53 102.20 15-Year NZ*****F 2.875 01-Sep-30 105.69 106.08 105.90 20-Year NZ*****V 3.375 01-Sep-33 112.74 113.30 113.14
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 15 May 20 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9980 0.9990 0.7235 0.7240 Canadian dollar 1.0535 1.0542 0.7640 0.7638 Euro 1.5464 1.5473 1.1211 1.1214 NZ dollar 0.9328 0.9337 0.6762 0.6767 Sterling pound 2.0090 2.0100 1.4564 1.4567
      155 words
    • Article, Illustration
      Lock icon Straits Times Index
      5 15 Source: Bloomberg
      Source: Bloomberg  -  5 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      207 15 Most active May 20 Prem Expiry Last Vol Conv Exer Disc Gear- Mths Company Sale +or-('000) Ratio Price ing Left STI 2950 MB eCW*****1 3.3 0.4 4150 0.0 3 DBS MB eCW*****1 8.7 0.8 3995 0.1 1480 2 UOB MB eCW*****5 3.7 0.5 3824 0.1 1890
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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 19 Index Change Change Change Change Change Change World Preliminary 1229.5 -1.0 -3.8 -1.0 -5.1 -1.2 -2.5 EAFE Preliminary 928.3 -0.9 -8.4 -1.3 -8.2 -1.5 -5.6 Europe Preliminary 1309.8 -1.3 -7.3
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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, Illustration
      Lock icon UOL buys second London property, for £99m
      414 16  -  The mixed-use 110 High Holborn consists of offices and retail space By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore CONTINUING to diversify its recurring income streams, property developer UOL Group has inked a deal to buy 110 High Holborn in London for £98.75 million (S$199
      414 words
    • Article
      Lock icon Citibank, DBS, OCBC to each offer voice biometric authentication
      465 16  -  By Renald Yeo yrenald@sph.com.sg Singapore FOR many bank customers here, the pain of having to remember multiple passcodes and having to respond to a series of questions to verify their identities when they call their banks, or, worse still, having to
      465 words
    • Article
      Lock icon Fullerton Health subsidiary acquires Indonesia’s Medilum
      270 16  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore CORPORATE healthcare solutions firm Fullerton Health’s Indonesian subsidiary has acquired PT JLT Gesa, Indonesia’s managed healthcare and thirdparty administration providers, for an undisclosed sum. The acquisition by Fullerton Health’s subsidiary Global Assist- ance Healthcare (GAH) of the firm,
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Launch prices for Stars of Kovan marked down
      805 17  -  The average per square foot price is S$1,417, lower than the S$1,550 to S$1,600 psf cited earlier By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore CHEUNG Kong Property Holdings, which is developing private condominium project Stars of Kovan, has released a lower average pricing
      PHOTO: CHEUNG KONG PROPERTY HOLDINGS  -  805 words
    • Article, Illustration
      Lock icon Park Hotel Group signs deal to manage first Malaysian hotel
      215 17  -  By Vrinda Kudaisya kvrinda@sph.com.sg Singapore PARK Hotel Melaka has signed a management agreement with a subsidiary of Jaya Mapan Sdn Bhd. The group will manage Park Hotel Melaka, which is scheduled to open in the first quarter of 2019. The
      PHOTO: PARK HOTEL GROUP  -  215 words
    • Article
      Lock icon China’s Sunac says land purchases from other developers to continue
      329 17 Bloomberg Beijing SUNAC China Holdings Ltd, which ranks among China’s most active real estate buyers this year, is in talks to acquire more land from other developers because prices at government auctions have risen to “absurd” levels, chairman Sun Hongbin
      Bloomberg  -  329 words
    • Article
      Lock icon Househunt
      1289 18 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN APRIL 6 AND APRIL 12, 2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LANDAREA*(SQ FT) PRICE (S$’000) PSF (S$) District 12 NON-LANDED Ritz Mans Apt 06/04/2016 FH 1561 1480 948 The Marque Irrawaddy Apt 08/04/2016 FH 1087 1350
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  • BANKING & FINANCE
    • Article
      Lock icon China said to have okayed clean-up of online finance
      378 19 Measures include curbs on activities of P2P lending firms: sources Reuters Beijing CHINA’S government has approved a sweeping plan to clean up the country’s online financial sector, according to sources with direct knowledge of the matter, including rules to limit the
      Reuters  -  378 words
    • Article
      Lock icon HSBC to close 24 branches in India
      120 19 Reuters Mumbai HSBC Holdings plc said it plans to close 24 branches in India after a strategic review of its retail banking and wealth management business showed that customers are increasingly opting for digital banking services. The bank said it will consolidate from
      Reuters  -  120 words
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Total to take 60% stakes in PNG gas assets
      504 20 It ties up with Oil Search to acquire InterOil’s gas and exploration assets Bloomberg Sydney TOTAL SA and Oil Search Ltd will divide the Papua New Guinea (PNG) assets of InterOil Corp in a two-step deal as global energy companies seek
      Bloomberg  -  504 words
    • Article, Illustration
      Lock icon Deutsche Bank, SocGen push for profit from cutting energy use
      608 20 Bloomberg London FOR energy investors, saving energy has never been as profitable as producing it. That’s starting to change, with institutions from Deutsche Bank AG to Societe Generale SA (SocGen) making it bankable to squeeze more out of electricity and
      Bloomberg; PHOTO: AFP  -  608 words
  • Page 20 Advertisements
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      Lock icon Page 20 Advertisements Column 1
      78 20 HOT PROPERTY CORNER TERRACE Kew Cres 99LH.Land 4000+sf.$750psf only! 1KM to Temasek Pri. Pool. FIRE SALE! $800K Below valn. FH Semi-D near Tanah Merah MRT/Food/ Mall land 3255 sf 5rm $3.2M LANDED PROPERTIES FOR SALE! Check out these properties and more in The Straits Times Classified now! 4Want access to
      78 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Alibaba says it can fight fake branded goods
      398 21 But critics say it has not done nearly enough to stop the problem Reuters Orlando, Florida ALIBABA said on Thursday it still wanted to work with companies fighting counterfeit brand-name products, a week after the Chinese online shopping platform was kicked out
      Reuters; PHOTO: REUTERS  -  398 words
    • Article
      Lock icon Google queried in court again, over use of Oracle’s code in Android
      522 21 NYT San Francisco THE Greek philosopher Aristotle described man as a rational animal. If only software were so easy to define. On the witness stand in the federal courthouse here Thursday morning, Larry Page, the chief executive of
      NYT  -  522 words
    • Article
      Lock icon Apple unveils new design for its US sales outlets
      426 21 NYT San Francisco GOODBYE, Apple Genius Bar. You are being replaced by a tree-filled Genius Grove, which will have more room to sit and more Apple customer service specialists to troubleshoot devices. On Thursday, the 15th anniversary of the first Apple
      NYT  -  426 words
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  • CONSUMER
    • Article
      Lock icon Samsung exploring online TV service: sources
      474 22 By selling its own cable-like service, the tech firm could drive more sales of its phones and TVs Bloomberg Reuters Seoul SAMSUNG Electronics Co is in preliminary talks with entertainment companies to sell an online TV service, according to people familiar with the matter,
      Bloomberg; Reuters  -  474 words
    • Article, Illustration
      Lock icon Gap Inc to shutter 75 overseas Old Navy and Banana Republic shops
      428 22 Reu ters London GAP Inc said it would shut 75 Old Navy and Banana Republic stores in overseas markets, as the struggling apparel retailer focuses on its North American market to revive its fortunes. Shares of the San
      Reuters; PHOTO: BLOOMBERG  -  428 words
    • Article
      Lock icon Netflix, Amazon face EU quota on European works
      447 22 Reuters Brussels ONLINE video streaming services such as Netflix and Amazon Prime will be required to devote at least a fifth of their catalogues to European content under proposals set to be announced next week. The European Commission is planning an overhaul
      Reuters  -  447 words
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  • TRANSPORT
    • Article
      Lock icon SMRT, NTU open lab for rail research
      303 23  -  Costing S$60m, it will develop high-tech solutions to problems faced by urban train systems By Gladys Yeo gladyeo@sph.com.sg Singapore RAIL operator SMRT and Nanyang Technological University (NTU) on Friday launched a joint corporate laboratory to develop technology for building more reliable urban rail
      303 words
    • Article, Illustration
      Lock icon Luggage, seats among EgyptAir debris
      539 23 Reuters Cairo EGYPTIAN authorities on Friday found aircraft seats, luggage and other personal belongings of passengers among the debris from the ill-fated EgyptAir jet, confirming that the plane had plunged into the sea with 66 people on board. The navy said that it had found
      Reuters; PHOTO: AFP  -  539 words
    • Article
      Lock icon Panasonic to bring forward investment plans for Tesla batteries
      373 23 Reuters Tokyo PANASONIC Corp is prepared to move up its investment plans for Tesla Motors Inc’s battery plant if necessary, to meet strong demand for the electric-car maker’s upcoming Model 3 sedan, an executive at the Japanese electronics group said. Y
      Reuters  -  373 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon G-7 financial heads seek a breakthrough
      756 24  -  They remain divided on how to harness fiscal and monetary policy to boost global economic growth By Anthony Rowley btworld@sph.com.sg Sendai FINANCE ministers and central bank governors from the Group of Seven (G-7) advanced nations will go into a full day of discussions on
      PHOTO: AFP  -  756 words
    • Article
      Lock icon IMF steps up aid for dealing with mounting humanitarian crises
      384 24  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE International Monetary Fund (IMF) will speed up disbursement of funds and provide other help to countries fighting to cope with a rising tide of refugees and other humanitarian crises, managing director Christine Lagarde promised
      384 words
    • Article, Illustration
      Lock icon Drop historical baggage, Taiwan’s Tsai urges China
      645 25 President adopts conciliatory tone in inauguration speech Reuters Taipei TAIWAN’S new president urged China on Friday to “drop the baggage of history” in an otherwise conciliatory inauguration speech that Beijing’s Communist Party rulers had been watching for any move towards independence. President Tsai
      Reuters; PHOTO: AFP  -  645 words
    • Article
      Lock icon Sandwiched between giants, Vietnam seeks assurances from Obama
      919 25 Bloomberg Hanoi DWARFED by its Communist neighbour and still bearing the scars of a war with the US four decades ago, Vietnam has become a focal point of the race between the two powers for influence in the western Pacific. The tussle
      Bloomberg  -  919 words
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  • OPINION
    • Article, Illustration
      Lock icon Letting younger employees take the lead
      1097 26 / 27  -  Reverse mentoring harnesses the innovation potential of a multi-generational workforce. By Thomas Menkhoff By Thomas Menkhoff ~Thomas Menkhoff is professor of organisational behaviour and human resources at the Lee Kong Chian School of Business, Singapore Management University (SMU), and academic director of SMU’s Master
      FILE PHOTO  -  1,097 words
    • Article
      Lock icon Don’t fall for flawed arguments – vote for Brexit
      687 26 / 27  - Don’t fall for flawed arguments vote for Brexit By Norman Lamont ~The writer, a former UK chancellor of the exchequer, is a senior adviser to the Official Monetary and Financial Institutions Forum. This is part of an OMFIF series on the UK EU referendum ahead of the June 23 poll.
      OMFIF  -  687 words
    • Article
      Lock icon UK opinion polls on Brexit at odds with betting odds
      553 26 / 27  -  By William Keegan ~The writer is senior economics commentator at The Observer and a member of the Official Monetary and Financial Institutions Forum advisory board. This is part of an OMFIF series on the UK EU referendum ahead of the
      OMFIF  -  553 words
  • Page 26 / 27 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Hedge fund's fee model faces smart beta threat
        950 28 / 29  -  These competitive money pools typically charge as little as a quarter of the levy and often don’t demand a share of the profits. By Nishant Kumar By Nishant Kumar Bloomberg London HEDGE funds, shrinking at the fastest pace since the financial crisis,
        Bloomberg; PHOTO: BLOOMBERG  -  950 words
      • BROKERS’ TAKE
        • Article
          Lock icon Global Logistic Properties Add
          152 28 / 29 CIMB Research, May 19 Target price: S$2.72 May 20 close: S$1.825 Global Logistic Properties (GLP) reported Q4 and FY16 net profit of US$153 million and US$719 million, up 46-48 per cent year-on-year. The better results came from higher contributions from China and the US, as well
          152 words
        • Article
          Lock icon Soilbuild Reit Buy
          209 28 / 29 DBS Group Research, May 20 Target price: S$0.84 May 20 close: S$0.685 Soilbuild Business Space Reit (SBREIT) reported that it has issued a writ of summons against Technics Offshore Engineering Pte Ltd (Technics), which is a tenant. SBREIT is claiming (i) a sum totalling S$2.2 million for
          209 words
        • Article
          Lock icon Yoma Strategic Holdings Hold
          236 28 / 29  -  Compiled by Jamie Lee OCBC Investment Research, May 20 Target price: S$0.49 May 20 close: S$0.515 Management indicated that the strong growth in the group’s non-real estate segments has added recurring income streams complementing its core real estate business, and also proposed a final cash dividend
          236 words
        • Article
          Lock icon Glossary:
          69 28 / 29 EPS earnings per share Ebit earnings before interest tax Ebitda earnings before interest, tax depreciation and amortisation FY fiscal/financial year H1, H2 first or second half NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first, second, or third quarter q-o-q
          69 words
      • Article, Illustration
        Lock icon Not much worries US bond traders as term premium falls
        666 30 New York Fed’s 10-year term premium sinks to lowest level since 1962 Bloomberg New York IT TAKES a lot to rattle Treasuries traders these days. Not since 1962, when John F Kennedy was president and Bob Dylan released his first
        Bloomberg; PHOTO: BLOOMBERG  -  666 words
      • Article
        Lock icon Aberdeen Asset resists buyer interest to stay independent
        372 30 Bloomberg London ABERDEEN Asset Management plc’s chief executive officer Martin Gilbert said his firm, under pressure after almost three years of outflows, has resisted interest from competitors from Europe to Australia seeking to buy the asset manager and plans to remain independent.
        Bloomberg  -  372 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Corporate captains raise S$360k for NTU bursaries
      485 31  -  The money comes from a golf tournament and an auction over dinner By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE rain did not stop some 150 people including a Member of Parliament and senior corporate figures from getting on the golf course on Wednesday
      485 words
    • Article
      Lock icon History beckons for United and Palace in FA Cup showdown
      495 31  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore ONE of the most glamorous fixtures on the global football calendar, the FA Cup final, takes place on Saturday at London’s Wembley Stadium. Eleven-time winners Manchester United will take to the field against Crystal
      495 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      299 31 CRYPTIC CROSSWORD Across 1 Love being in cool pants? I’m turning urbane (12) 8 Running alongside sweetheart? (7) 9 Shut up inside more open cooler (7) 11 Account for former husband maybe left in drag (7) 12 Riotous crew gripping paddle (7) 13 Light from church on hill (5) 14
      299 words
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      131 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENNIA A HARSH, UNYIELDING ENVIRONMENT; AND SINCE 1875 THE HOME OF AUDEMARS PIGUET, IN THE VILLAGE OF LE B R A S S U S T H E E A R LY WAT C H M
      131 words