The Business Times, 23 May 2016

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Microfilm: NL33856
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES S$1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes CO REGN NO *****2868E MCI (P) 039/08/2015 Monday, May 23, 2016
    22 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    216 1 The entrepreneurship ecosystem in Singapore is having a steady start to 2016 despite startup valuations going south. TOP STORIES 2 The expected rise in interest rates will further weaken Singapore’s already slowing economy, say economists at a high level discussion. TOP STORIES 4 Cheung Kong Property Holdings sells
    216 words
  • Article
    Lock icon Exits from SGX will continue, but who’s next?
    1153 1  -  A host of household names including F&N and Challenger being bandied about By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore BATTERED by a regional economic downturn and dismal trading volumes, Singapore’s stock market is seeing a raft of well-known names leave. And going by
    1,153 words
  • Article, Illustration
    Lock icon Warehouses may hit crisis-level vacancy in coming quarters
    934 1  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE vacancy rate of warehouses in Singapore could hit close to 12 per cent in the coming quarters around global financial crisis levels and up from the current 9.6 per cent in Q1 2016. It is
    PHOTO: ARTHUR LEE  -  934 words
  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 2,763.82 +28.91 KL COMP 1,628.79 +0.53 NIKKEI 225 16,736.35 +324.14 HANG SENG 19,852.20 +132.91 SHENZHEN B 1,024.02 -28.89 DOW 17,500.94 -34.38
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      Lock icon Page 1 Advertisements Column 1
      54 1 *****1 *****1 THE BUSINESS TIMES PATEK PHILIPPE GENEVE Begin your own tradition. r Cortinawatch Boutiques (Singapore): The Shoppes at Marina Bay Sands Tel: (65) 6688 7008 ION Orchard Tel: (65) 6509 9238 Singapore: Paragon Tel: (65) 6235 0084 Raffles City Tel: (65) 6339 9185 Capitol Piazza Tel: (65) 6384 3250
      54 words
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      18 1 THE RISE OF FINTECH How will it impact banking and the business landscape? VIEWS FROM THE TOP 16-17
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      26 1 LACK OF CONSENSUS Japan fails to rally G-7 counterparts on concerted economic stimulus govt economy 24 CREATURES AT DESKER RD Brimming with sincere intentions DINING OUT/27
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  • TOP STORIES
    • Article, Illustration
      Lock icon 1996: Curbs take property market by surprise
      329 2  -  SingTel loses monopoly, Barings auditors face suit. BY MELISSA TAN, VRINDA KUDAISYA RUNAWAY property market led the Singapore government to fire off a surprise barrage of measures in 1996 aimed at curbing speculation. The array of measures followed multiple angles of attack. Some
      BT Graphics: Andrea Lee  -  329 words
    • Article
      Lock icon Steady start to S’pore’s startup funding in 2016
      935 2  -  Despite cautious sentiment, US$275m raised in Q1, beating the US$183m a year ago By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SINGAPORE’S entrepreneurship ecosystem is having a steady start to 2016 despite startup valuations going south. Serial entrepreneur Leslie Loh, who runs startup incubator
      935 words
    • Article, Illustration
      Lock icon CEO of new government tech arm all fired up to take on challenge ahead
      839 2  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore JACQUELINE Poh, chief executive officer designate of new government technology agency GovTech, has her work cut out for her. To create a national operating system for not one or 10,
      PHOTO: IDA  -  839 words
    • Article, Illustration
      Lock icon Rising interest rates worrying for Singapore economy: economists
      816 4  -  Amid slowing economy, space for monetary policy response is limited due to high levels of indebtness, they say By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THE expected rise in interest rates will further weaken Singapore’s already slowing economy, said economists at a high
      Sources: CEIC, Deutsche Bank  -  816 words
    • Article, Illustration
      Lock icon 12,000 take part in ST Run in the City
      218 4 Singapore THE Straits Times Run in the City drew 12,000 participants to its fourth edition on Sunday amid a carnival of food trucks and sponsors’ tents and live music. Runners enjoyed a scenic morning route through the heart of the city,
      PHOTO: LIM YAOHUI / THE STRAITS TIMES  -  218 words
    • Article, Illustration
      Lock icon Aviation services firm eyes expansion at Seletar Airport
      741 4  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore FIXED-BASE operator Hawker Pacific is hoping to ease bottlenecks to its expansion in Singapore, as it looks to ride on the wings of business aviation that is taking off in the region. On the one hand,
      PHOTO: YEN MENG JIIN  -  741 words
    • Article
      Lock icon BlackRock chief urges fiscal stimulus as consumers are hurting
      636 4  -  By Genevieve Cua gen@sph.com.sg @GenCuaBT Singapore THE world is at a “pivot point” in the economic cycle, where governments must step in to augment central bank action with fiscal stimulus, says Larry Fink, chairman and chief executive of BlackRock investment management
      636 words
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      50 2 The Business Times has been there to report and analyse the most significant news since 1976. Every week, this feature will showcase excerpts from the biggest stories for each year that the paper has been in operation. The full text of all the stories can be found online at bt.sg/bt_40
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Nominee directors face difficult balancing act
      958 5  -  He must safeguard interests of his appointer and yet still act in the best interests of the company. BOARDROOM MATTERS BY LEE KIM SHIN T The writer is a member of the Governing Council of the Singapore Institute of Directors. IT is a truism
      PHOTO: FREE IMAGES  -  958 words
    • Article, Illustration
      Lock icon Not the time to be greedy in pursuit of income: BlackRock
      689 6  -  Investors should continue to brace themselves for sharp market pullbacks; US, Europe equities not cheap By Genevieve Cua gen@sph.com.sg @GenCuaBT Singapore AN ageing demographic underpins an intense appetite for income globally, but now is not the time to dial
      PHOTO: REUTERS  -  689 words
    • Article, Illustration
      Lock icon Director buying surges, selling stays low
      1600 6  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia insider Limited THE buying surged for the second straight week while the selling among directors was low for the third straight week based on filings on the exchange in the third week
      Source: Asia Insider  -  1,600 words
    • Article, Illustration
      Lock icon STI / Catalist
      64 8 STI Catalist WEEKLY Straits Times Index May 20,2016 2,763.82 +28.91 (+1.06%) Current streak 1 day Week high 2,781.11 Week low 2,736.06 52-week high 3,450.18 (May 22, 2015) 52-week low 2,539.95 (Feb 12, 2016) FTSE ST Catalist index May 20,2016 431.90 +0.52 (+0.12%) Current streak 1 day Week high 438.27 Week
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    • Article, Illustration
      Lock icon Adapting to the market’s ‘new normal’
      643 8  -  STOCKS By R sivanithy sivan@sph.com.sg @RSivanithyBT IT HAS to be said that Manulife US Reit’s debut on Friday which saw it trade below its US$0.83 offer price for the whole day before closing at US$0.79 was disappointing but not wholly unexpected. Not because the
      643 words
    • Article
      Lock icon STI STOCKS
      304 8 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 231 -3 238/224 255 209 6.6 6087.5 CapitaCom Trust 138 -0.5 142/137 166.5 122.5 6.2 4079.7 CapitaLand 299 -2 303/294 367 267 12 3 ***** CapitaMall Trust 205 unch 209/202 224 184.5
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    • Article
      Lock icon MOST ACTIVE
      35 8 VOLUME Annica 776,254,000 Magnus Energy 742,080,500 Cedar Strategic 505,795,800 LionGold 366,244,300 Ezra 327,520,000 Market volume 11,586,575,000 VALUE Global Logistic 382,837,995 Singtel 319,749,924 DBS Grp 291,947,752 ThaiBev 262,651,955 OCBC Bank 228,294,741 Market value 5,200,195,000
      35 words
    • Article, Illustration
      Lock icon Soyameal soars on Argentina crop woes, short covering
      608 8 COMMODITIES REUTERS, BLOOMBERG Chicago US soyabean meal futures climbed to 18-month highs on Friday as short-covering and concerns about tightening exports from Argentina, the top shipper of the livestock feed, helped to fuel gains. Soyabean and corn futures rose on spillover support
      REUTERS,; BLOOMBERG; PHOTO: REUTERS  -  608 words
    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 8 STI FTSE ST All-Share WEEKLY ftse ST All-Share index May 20,2016 676.28 +5.01 (+0.75%) Current streak 1 day Week high 680.25 Week low 670.90 52-week high 828.90 (May 22, 2015) 52-week low 629.34 (Feb 12, 2016)
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    • Article
      Lock icon GAINERS
      76 8 BY CENTS CLOSE UP 52w high/low DBXT AUDBonds AU$ ***** 323.4 1.5 *****/***** DBXT iBoxxSing SG$ ***** 220.0 1.6 *****/***** DBXT DBLCI-OY US$ 2217 118.6 4.0 2500/1946 DBXT USDIGInfl US$ ***** 113.1 0.3 *****/***** DBXT MSTaiwan US$ 1848 35.9 1.4 2350/1667 BY PERCENTAGE CLOSE UP 52w high/low Viking W*****5
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    • Article
      Lock icon LOSERS
      77 8 BY CENTS CLOSE DOWN 52w high/low SPDR S&P500 US$ ***** -445.5 -1.6 *****/***** DBXT iBoxxUSTr US$ ***** -313.1 -1.0 *****/***** DBXT Nifty50 ETF10 ***** -282.8 -1.7 *****/***** GLD US$ ***** -246.9 -1.5 *****/***** DBXT E50 US$ 4359 -213.8 -3.4 5249/3968 BY PERCENTAGE CLOSE DOWN 52w high/low Heatec Jietong 2.9
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    • Article
      Lock icon UNUSUAL ACTIVITY
      66 8 VOL CLOSE($) CHANGE Suntar Eco-City 0.260 Heatec Jietong 261.9 0.029 -0.001 -3.33 TPV Tech 0.235 Jadason 2,685.1 0.033 -0.002 -5.71 Chemical Ind 116.8 0.680 +0.045 +7.09 Joyas Intl 920.1 0.006 Asiatic 0.017 United Food 0.075 CPH 0.2 0.004 Star Pharm 38.3 0.185 -0.040 -17.78 Shows the stocks with
      66 words
    • Article
      Lock icon SGX ETFS Most Active
      113 8 Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 281 +2 1597 284/277 351/254 281/282 DBXT MSRussia US$ US191 -4 385 200/191 229/129 191/192 Nikko AM STI ETF 286 +4 314 288/282 356/259 286/287 6.9 IS ASIA HYG US$ US1062 -4 173 1085/1040
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    • Article
      Lock icon COMPANY MEETINGS
      133 8 COMPANY MEETING PLACE DATE TIME Cordlife Grp Ltd E Topaz Room Sheraton Towers S’pore 39 Scotts Road 23-May 10.00am Camsing Healthcare A 4 Shenton Way SGX Centre 2 #17-01 25-May 11.00am SHS Holdings E 81 Tuas South Street 5 26-May 10.00am CH Offshore Ltd E 10 Anson Road
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 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, Illustration
      Lock icon STI / MSCI EAFE
      34 8 STI MSCI EAFE WEEKLY MSCI EAFE index May 20,2016 1,634.29 +2.58 (+0.16%) Current streak 1 day Week high 1,644.07 Week low 1,619.49 52-week high 1,935.25 (May 22, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 8 1 0 1 0 7 9 1 Manufacturing 67 52 17 14 14 11 81 66 28 Commerce 26 28 11 6 8 6 32 36 17 Tpt/Stor/Comms 16 12 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      125 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 94,149 2,389 96,538 312,513 429 312,942 Manufacturing 698,573 1,796,983 2,495,556 661,839 13,335 675,174 Commerce 569,609 363,939 933,548 332,126 7,572 339,698 Tpt/Stor/Comms 842,127 891 843,018 850,522 73 850,595 Finance 217,938 1,037 218,975 782,742 161 782,903 Construction
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    • Article
      Lock icon C$ weakens to a six-week low as retail sales, oil fall
      406 9 CURRENCIES REUTERS Toronto THE Canadian dollar weakened to a six-week low against the greenback on Friday as domestic retail sales data disappointed and oil fell, while expectations grew that the United States could raise interest rates this summer. Canadian
      REUTERS  -  406 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 May 20 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.947 4.737 0.645 5.620 48.840 98.611 0.798 8.607 2.952 1.070 75.838 33.843 0.998 11.387 0.717 23.687 25.809 0.497 0.724 Canada 1.055 4.999
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 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
        Lock icon US$/S$ FORWARD RATES
        22 9 May 20 S$ Bid Offer 1-month 1.3797 1.3802 2-months 1.3809 1.3816 3-months 1.3805 1.3810 6-months 1.3831 1.3843 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        3 9 WEEKLY
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        3 9 COMPOSITEWEEKLY
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      • Article, Illustration
        Lock icon NIKKEI
        2 9 WEEKLY
        2 words
      • Article, Illustration
        Lock icon DOW JONES
        3 9 WEEKLY
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        396 9 May 20 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES May16 9297.50 9377.50 9252.50 9362.50 *****5 *****8 Jun16 9035.00 9122.50 8995.00 9107.50 ***** ***** NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 ***** *****1 Sep16 *****.00 *****.00 *****.00 *****.00 212 2857 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        215 9 May 20 Prem Expiry Wk Vol Conv Exer Disc Gear- Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 8.7 1.1 ***** 0.1 1480 2 Rowsley Ltd W*****3 0.2 -0.2 ***** 1 18 5 UOB MB eCW*****5 3.7 0.1 ***** 0.1
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 9 In local curr In S$ In US$ dy yr dy yr dy yr May 20 Index Change Change Change Change Change Change World Preliminary 1246.4 1.0 -2.4 1.0 -3.8 0.9 -1.2 EAFE Preliminary 938.4 1.1 -7.4 1.0 -7.2 0.9 -4.8 Europe Preliminary 1328.6 1.4 -6.0
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 May 20 $S Offer Bid 0vernight 0.06 0.03 1-month 0.7500 0.6250 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: 0.03 US$ Offer Bid 7 days 0.45 0.35 1 month 0.50 0.40 2 months 0.65 0.45 3 months 0.75 0.55 6 months 1.10 0.90 9 months 1.30 1.10 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 9 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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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        249 9 May-20 Price Net change change Last Trade Agricultural May-20 CBOT Soybeans (US cents/bu) 1074.25 2.75 0.26% 14/07/2016 CBOT Soybean Oil (US cents/lb) 31.27 -0.64 -2.01% 14/07/2016 CBOT Wheat (US cents/bu) 467.75 -1.00 -0.21% 14/07/2016 May-20 LIFFE Cocoa (£/tonne) 2148.00 28.00 1.32% 14/07/2016 LIFFE Coffee (US$/tonne) 1632.00 19.00 1.18%
        249 words
    • Article, Illustration
      Lock icon US stocks on the verge of turning negative for the year
      893 10  -  This follows warning from Federal Reserve officials that markets had misinterpreted their intentions WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg US stocks slipped last week and are on the verge of turning negative for the year after Federal Reserve
      Union. PHOTO: BLOOMBERG  -  893 words
    • Article
      Lock icon PRIME LENDING RATES
      244 10 May 20 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications 5.50 Bangkok Bank Public Co. Ltd ...6.00 Bank of China Limited Bank of Tokyo-Mitsubishi Bank of Communications Banque Internationale a Bank of East Asia
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1650 10 Payment Ex Rec Pay Ann (cts) date date date date 8Telecom Intl Hldgs by 448.600 22-Mar 24-Mar 15-Jul 17-Mar ABR Hldgs Ltd ak 1.500 06-May 10-May 27-May 12-Apr Adv Integrated Mfg Corp ak 1.150 17-May 19-May 27-May 07-Mar AEM Hldgs aw 0.500 05-Jul 08-Jul 22-Jul 03-May AEM Hldgs
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1237 10 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (times) Accordia Golf Trt 1.00 1.00 1 0.08 7.48 0.87 0.63 AIMS AMP Cap Industrial Reit 1.00 1.00 3 0.11 12.33 1.50 1.38 ARA Asset Mgt 1.25 1.25 2 0.08
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    • Article
      Lock icon SGX MAINBOARD
      1929 12 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E $mil Company Last Sale vol ('000) High week 151.5 127 AIMSAMP Cap Reit 138 -1.5 1559 141.5 134.5 0.9 8.2 876.8 Div 171.2 101 ARA Asset Mgmt 133.5 +7 2277 135
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    • Article
      Lock icon SGX CATALIST
      366 12 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last Vol Week Div GrYld 0.9 0.2 t Advanced Systems 0.3 +0.1 250 0.3 0.2 7.9 MCap High LOW 19.9 8.3 t Anchor Resources 10.5 -0.3 ***** 11.9 9.7 29.4 Sale
      366 words
    • Article
      Lock icon SGX ETF
      170 12 52-Wk Last Vol Week Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last 103.3 69.1 CIMB APAC Div US$ US74.9 -1.8 61 76.6 74.9 7.9 1345 991 CIMBASEAN40 S$D 1116 +8 0 1116 1116 1012 700 CIMBASEAN40 US$ US822 +14 7 822
      170 words
  • Page 5 Advertisements
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      1147 6 EXIT OFFER In connection with THE PROPOSED VOLUNTARY DELISTING OF CHINA DAIRY GROUP LTD. By UOBKayHian UOB KAY HIAN PRIVATE LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****0447W) for and on behalf of WINNER INTERNATIONAL INVESTMENTS LIMITED (Incorporated in Hong Kong) (Company Registration No.: *****94) to acquire
      1,147 words
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  • TOPLINE
    • Article, Illustration
      Lock icon Aiming to stay ahead of the curve
      1281 7  -  Seeking stronger growth through diversification, SiS International is set to launch a credit fund as well as a technology fund through its asset management unit. BY JACQUELYN CHEOK AND NUR SABRINA AZMI unit.BY JACQUELYN CHEOK, NUR SABRINA AZMI jaccheok@sph.com.sg @JacCheokBT nsazmi@sph.com.sg Diversification plans
      1,281 words
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      1646 11 ffyffux 6% p.a. 1 Retail Perpetual Capital Securities ABOUT HYFLUX LTD A global leader in sustainable solutions, focusing on the areas of water and energy Committed to providing innovative and cost-effective solutions that contribute to resource optimisation and sustainable growth for communities and industries *A 1,300 membrane products and systems
      1,646 words
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  • Page 12 Advertisements
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      71 12 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      3926 13 NOTICES TOLL FREE 18 0 0-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices VTB Capital plc 31 DECEMBER 2015 Head Office: 14 Cornhill, London, EC3V 3ND, UNITED KINGDOM Singapore Branch: 9 Battery Road #27-01, Straits Trading Building, Singapore *****0 Consolidated statement of financial position at 31 December Consolidated income statement for the
      3,926 words
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  • REAL ESTATE
    • Article
      Lock icon Stars of Kovan units fetch even less than expected
      330 14  -  60 homes sold over weekend at average S$1,408 psf, below Friday’s downgraded average of S$1,417 psf By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore CHEUNG Kong Property Holdings has sold around 60 units of its private condominium project Stars of Kovan at an
      330 words
    • Article, Illustration
      Lock icon Silicon Valley mansions linger on market in real estate slowdown
      933 14 BLOOMBERG San Francisco A CUSTOM-BUILT home in the heart of California’s Silicon Valley had its price cut by US$500,000 last week after sitting on the market since the end of March a move that would’ve been almost unfathomable a year
      BLOOMBERG; PHOTO: BLOOMBERG  -  933 words
    • Article, Illustration
      Lock icon Sydney housing market stalls as election jitters sideline sellers
      734 15 Lack of supply as rival tax break proposals from govt and opposition muddy outlook for house prices BLOOMBERG Sydney BRIGITTE Blackman, a real estate agent in inner Sydney, says her property listings have slumped 20 per cent from last September’s peak,
      BLOOMBERG; PHOTO: BLOOMBERG  -  734 words
    • Article
      Lock icon Condos at NYC’s ‘Ground Zero Mosque’ site get global financing
      639 15 BLOOMBERG New York A LUXURY-CONDO project planned for the lower Manhattan site of what was once to be the “Ground Zero mosque” has received US$219 million in financing from an international consortium of lenders, paving the way for 50 high-end
      BLOOMBERG  -  639 words
  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      397 14 THE ’UBERISATION‘ OF PROFESSIONAL SERVICES THINK BIG L E A D E R S H I P BUSINESS SERIES 2016 Managing partners of law and accounting firms today face novel challenges and opportunities as they operate in the ’new normal‘ market while upholding the highest integrity of the profession. What
      397 words
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      38 14 “This is a work that not only opens the door to one of the world’s great cities, but shows you the very spirit that makes Kyoto so special.” Pico Iyer, author of The Art Of Stillness Nowonsaleatallmajorbookstoresand www.stpressbooks.com.sg
      38 words
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      193 15 A STAR ALLIANCE MEMBER TRAVEL TO YOUR HEART'S DELIGHT WITH GREAT FARES ON YOUR FLIGHT Enjoy these exclusive all-in MasterCard® fares BEIJING SHANGHAI BUSINESS CLASS ECONOMY CLASS $1,648 fr $488 fr ilium ilium ilium mum in mmiiii in <ss; Hi FIRST BUSINESS ECONOMY CLASS CLASS CLASS Chiang Mai Chiang Rai
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Ushering in a new era
      4577 16 THIS WEEK’S TOPIC: How will the rise of fintech impact banking and the business landscape? Edward Higase Managing Director for Asia-Pacific Digital Realty We see the emergence of many new technologies and trends causing traditional banks to leverage fintech to gain a competitive advantage against
      PHOTO: BLOOMBERG  -  4,577 words
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      11 17 The full list of views from CEOs is available at http://businesstimes.com.sg
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      62 17 Have a question? Let ST's correspondents provide the answers Send your questions to askst@sph.com.sg THE STRAITS TIMES ‘i /o a mi 6 ask S’ you ask. we answer. www.straitstimes.com/askst ABc Where should I eat today? How do I score the best travel deals? Tan Hsueh Yun, Food Editor 'I 1
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
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      Lock icon Is Thai Beverage worth drinking to?
      2425 18  -  The spirits giant is finally making good money from beer, but the biggest risk is its Thailand concentration MONDAY MULTIPLE By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT TEN years ago, the Singapore Exchange (SGX) scored a coup. Thailand’s largest brewer Thai Beverage, or ThaiBev, ditched plans
      Compiled by BT. Rebased to Singapore dollars; PHOTO: BLOOMBERG  -  2,425 words
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      113 18 GET STARTED NOW Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      113 words
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  • BANKING & FINANCE
    • Article
      Lock icon Hedge funds taking another bite at momentum stocks
      789 19 Managers are not deterred by the plunging share prices at the beginning of the year BLOOMBERG New York HEDGE funds are piling into the same shares that zapped their returns at the start of the year. They just added momentum stocks for
      BLOOMBERG  -  789 words
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      Lock icon Swift asks clients to share data on system attacks
      439 19 REUTERS London INTERNATIONAL financial messaging service Swift told clients to share information on attacks on the system to help prevent hacking, after criminals used Swift messages to steal US$81 million from the Bangladesh central bank. Early last Friday, Reuters reported that
      REUTERS  -  439 words
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      1002 19 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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      1310 19 r -ft BANK OF TAIWAN A A Head Office Address: No. 120, Sec. 1, Chongqing South Road, Zhongzheng District, Taipei City *****, Taiwan (R.O.C.) Tel: 886-2-2349-3456 BOARD OF DIRECTORS Chairperson Managing Directors ndependent Managing Director Lee, Jih-Chu Shiau, Chang-Ruey, Yang, Cheng-Chen, Chang Fang Hsu, Yi-Hsiung ndependent Directors Directors Chen, Ming-Chin,
      1,310 words
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  • ENERGY & COMMODITIES
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      Lock icon Output at 3 Total refineries in France disrupted
      410 20 Workers protest govt’s handling of a proposed labour law BLOOMBERG Paris PRODUCTION at three Total SA refineries in France was disrupted following a vote by workers to stop the plants amid discontent over the government’s handling of a proposed labour law. A
      BLOOMBERG; PHOTO: REUTERS  -  410 words
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      Lock icon Cheaper coal hinders China’s attempt to raise natural gas use
      697 20 BLOOMBERG Shanghai CHINA’S effort to promote natural gas over coal to cut pollution is facing resistance from buyers who prefer cheaper to cleaner. The world’s largest energy consumer seeks to raise the share of less-polluting natural gas to 10 per
      BLOOMBERG  -  697 words
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      578 20 MOVING YOUR BRAND AND BUSINESS COMMUNICATION A STEP CLOSER TO SUCCESS CREATE LIKE LEONARDO DA VINCI Leonardo da Vinci is reputedly the world’s most creative person. He epitomised the Renaissance ideal of the polymath artist, musician, scientist, mathematician and engineer. In this highly participative workshop, you will learn the da
      578 words
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  • TECHNOLOGY
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      Lock icon Apple, Google locked in battle for supremacy
      774 21 Their latest moves see Google banking on software and AI, Apple investing in Chinese ride hailing app Didi AFP San Francisco AT THE top of the corporate world, Apple and Google are in a back-and-forth battle to be number one. It’s not clear
      AFP; PHOTO: BLOOMBERG  -  774 words
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      Lock icon Microsoft banning ‘terrorist content’ on some services
      422 21 REUTERS San Francisco WITH the world growing more concerned about attacks by militant groups on civilians, Microsoft Corp outlined new policies to crack down what it called “terrorist content” on some of its consumer services. In a blog post, the company said that
      REUTERS  -  422 words
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      207 21 Show Me the Money (Book 2) writes about the tools and techniques of stock picking, stock valuation and portfolio management. It explains to us how companies finance their growth and shows us how to spot signs of potential trouble for listed companies. Furthermore, it shares with us the techniques of
      207 words
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      65 21 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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  • CONSUMER
    • Article, Illustration
      Lock icon Bayer seen paying up to US$63b for Monsanto
      655 22 German company’s stock down on concern over financing of deal BLOOMBERG London NOW that Bayer AG’s bid for seed giant Monsanto Co is out of the bag, attention has turned to how much the German company will need to pay. The value
      BLOOMBERG; PHOTO: REUTERS  -  655 words
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      Lock icon SABMiller’s European assets draw private equity interest
      417 22 BLOOMBERG London SABMiller plc’s central and eastern European beer assets including Pilsner Urquell have drawn interest from private equity firms Advent International Corp, KKR Co and BC Partners Holdings Ltd, people with knowledge of the matter said. Those firms are exploring whether to
      BLOOMBERG  -  417 words
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      260 22 BACK BY POPULAR DEMAND! SME101 MARKETING BOOTCAMP: LEAD GENERATION STRATEGIES USING SOCIAL MEDIA, VIDEO AND MOBILE MARKETING Who should attend: Senior and Middle Management, Managers, Sales and Marketing Professionals, Business Owners and anyone interested in learning cost effective tools and techniques to create awareness for your brand, improve leads and
      260 words
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  • TRANSPORT
    • Article
      Lock icon New York subway bursting at the seams
      683 23 Overcrowding, increasing delays forcing management to come up with short and long-term plans to deal with the high ridership AFP New York THE New York subway is the seventh busiest in the world and has its highest ridership in 70 years, increasing delays
      AFP  -  683 words
    • Article
      Lock icon GM compensates owners of cars for overstated mileage
      399 23 NYT New York GENERAL Motors said last Friday that it would offer cash payments or extended warranties to 135,000 owners of certain large SUVs with window stickers overstating likely petrol mileage. The move reflects the increasing scrutiny that global carmakers are facing
      NYT  -  399 words
    • Article
      Lock icon Solar Impulse 2 lands in Dayton after 161½-hour trip
      246 23 AFP Washington A SOLAR-powered plane landed in Dayton, Ohio on Saturday on the latest leg of a record-breaking trip to circle the globe without consuming a drop of fuel. Solar Impulse 2, piloted by Swiss businessman Andre Borschberg, arrived at 9.56pm
      AFP  -  246 words
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      155 23 ilSGPF k Still the BEST gifts fair in town! air Singapore Gifts Premiums Fair 2016 29 JUNE 1 JULY Level 1, Hall B C Sands Expo Convention Centre Marina Bay Sands, Singapore The Premier Platform for Gifts Sourcing r\ GRAND PRIZE DRAW -T > PLATINUM SPONSORS WIN GREAT PRIZES at
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      756 23 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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      821 23 3E 111 IS It E.SUN COMMERCIAL BANK, LTD. Head Office: No. 115 117, Sec. 3, Minsheng E. Rd., Taipei *****, Taiwan (R.O.C.) Singapore Branch: 8 Marina View, #41-06 Asia Square Tower 1, Singapore *****0 CONSOLIDATED BALANCE SHEETS (In Thousands of New Taiwan Dollars) December 31 December 31, 2015 2014 (Applied
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  • GOVERNMENT & ECONOMY
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      Lock icon Japan fails to rally G-7 counterparts on concerted economic stimulus
      1202 24  -  There is little sympathy too for Tokyo’s argument that it needs intervention to curb excess yen volatility By Anthony Rowley btworld@sph.com.sg Sendai THE global economy “is not in crisis” and does not require a crisis response, US Treasury Secretary Jacob
      PHOTO: AFP  -  1,202 words
    • Article
      Lock icon One month away, Brexit prospects recede amid global warnings
      692 24 AFP London WITH one month to go until Britain’s EU referendum, the Remain campaign is pulling ahead amid warnings over the international consequences of a Brexit and increasingly outlandish claims at home. The battle for votes ahead of the June 23
      AFP  -  692 words
    • Article
      Lock icon Day of democracy in communist Vietnam in vote on party’s Parliament
      561 24 Election could test sincerity of ruling party’s promises of inclusiveness REUTERS Hanoi VIETNAM showcased its five-yearly day of democracy on Sunday with an election for a Parliament tightly controlled by a Communist Party that is seeing unprecedented challenges to
      REUTERS  -  561 words
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      Lock icon How old-school factories stay alive in China’s south
      888 25 They are turning to casual labour or hiring workers by the day to stay competitive in a volatile environment REUTERS Shiling, china SQUEEZED by high costs and unpredictable demand, some factories in southern China’s manufacturing heartland are turning to a new strategy
      REUTERS; PHOTO: REUTERS  -  888 words
    • Article
      Lock icon Greece to adopt more cuts and tax hikes for bailout cash
      638 25 AFP Athens GREECE on Sunday was set to adopt fresh cuts and tax hikes ahead of a Eurogroup meeting that is expected to unlock desperately-needed bailout funds for the debt-ridden nation. After waves of protests over a string of
      AFP  -  638 words
  • Page 24 Advertisements
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      54 24 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 Early Bird by 25 May$489 Price From 26 May$589 Productivity and Innovation Credit (PIC) Claimable To register or find out more about our workshops, visit
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      17 24 Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices
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      593 25 NOTICES In the Matter of The Companies Act, Cap. 50 And In the Matter of HARAJUKU INVESTMENT PTE. LTD. (Co. Reg. No.: *****4307H) (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 230 Victoria Street #12-08 Bugis Junction Singapore *****4 on
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      1966 26 THE BUSINESS TIMES Shipping times MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SUBIC BAY SIN PGU PKL JKT SUR BELANESIA 001 60 24/5 25/5 26/5 30/5 POSITIVE BRAVE 2 100 28/5
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      244 26 ENG LEE SHIPPING CO PTE LTD Tel: *****222 (10 Lines) Fax: *****174/*****960 Website: www.englee.com.sg/Email: marketing@englee.com.sg CR No: **********0C REGULAR FEEDER SERVICES TO INDONESIAN (DE1) VESSEL VOY SIN ETA SIN ETD DESTINATION FREQUENCY Marco Polo 122 BST069 24/05/2016 25/05/2016 Buatan/Buatan DAILY Marco Polo 298 PRW057 24/05/2016 25/05/2016 Pelindo/Perawang DAILY Marco Polo
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  • DINING OUT
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      Lock icon Honest flavours of CreatureS’ offerings
      1028 27  -  The mind-boggling variety in the restaurant’s menu means that some diners will have more successful meals than the others, depending on their choices. BY JAIME EE BY JAIME EE NEW RESTAURANT Creatures 120 Desker Road Tel: 6291-6996 Open Tues to Sun from 12pm to 10.30pm
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      51 27 Chinese Language Content TOP5 Top 5 places in Singapore to get your cheese tart fix rV SCAN&READ Singtelfirst anchor tenant at Punggol Creative Cluster may become Singtel To subscribe, call 6388-3838 or go to sphsubscription.com.sg Buying 1 Opportunities Property Outlook 2016 Download at srx.com. sg/property-magazine SRX .com.sg Right Home. Right
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      204 27 HUATING Restaurant EXECUTIVE MENUS set to IMPRESS For Limited Time Only. Award-winning Hua Ting Restaurant presents three value-packed Executive Set Lunches from $35. Savour exquisite five-course menus featuring a curated selection of Masterchefs signatures and creations. Dim Sum Delights Hua Ting Classics Flavours of Spring For reservations, please call 6739
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  • LIFE & CULTURE
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      Lock icon FA Cup win may not spare Van Gaal the sack
      684 28  -  Manchester United win first trophy in three years as rumours of Mourinho’s appointment heat up again By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore LOUIS Van Gaal won the first trophy of his troubled Manchester United tenure on Saturday night, and it
      PHOTO: AFP  -  684 words
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      Lock icon Cannes festival’s highlights, scandals and a turkey
      706 28 German comedy Toni Erdmann a favourite to win the Palme d’Or AFP Cannes, France FROM a hilarious German comedy tipped to win the Palme d’Or top prize to the Woody Allen scandal that just wouldn’t go away, below is a round-up of the
      AFP; PHOTO: AFP  -  706 words
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      220 28 Landing GSS deals for your Business Class flight. Now that's a joy to fly Exclusive MasterCard* all-in return fares from 699 Bandung, Medan, Penang, Semarang, Yogyakarta 799 Kota Kinabalu, Phuket 899 Chiang Mai, Denpasar (Bali), Kalibo (Boracay), Manado 999 Cebu, Koh Samui, Lombok, Siem Reap 1099 Danang, Kunming, Shenzhen Exclusive
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  • Page 28 Miscellaneous
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      Lock icon Page 28 Miscellaneous Column 1
      338 28 CRYPTIC CROSSWORD Across 1 Maiden possibly facing accusation as cheat (10) 6 Drink nothing, coming back for work (4) 9 Officer returning with hesitation as one to fill a gap? (5) 10 Optical instrument must be awfully precise when surgery’s involved (9) 12 Soldiers calm when guarding hospital or academic
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