The Business Times, 27 May 2016

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Microfilm: NL33856
Total Pages: 34
1 34 The Business Times
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  • Title Section
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    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 Friday, May 27, 2016
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  • Article, Illustration
    Lock icon DAILY DIGEST
    225 1 An ongoing destocking process helps lift Singapore’s manufacturing output in April to new levels but economists continue their search for signs of sustained growth in the sector. TOP STORIES 2 A pilot project for renewable energy certificates is launched in Singapore, following the landmark offsite power purchase agreement
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  • Article
    Lock icon MARKETS
    27 1 Thursday Change STI 2,773.31 +6.65 KL COMP 1,631.09 +0.13 NIKKEI 225 16,772.46 +15.11 HANG SENG 20,397.11 +29.06 SHENZHEN B 1,038.14 -1.07 DOW (10.45AM EDT) 17,844.86 -6.65
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  • Article
    Lock icon Car loan tenures raised to 7 years; loan limits also up
    565 1  -  MAS cites easing COE premium and inflationary pressures for relaxing 3-year-old financing curbs By Samuel Ee samuelee@sph.com.sg Singapore CAR buyers can take a bigger loan from Friday. The Monetary Authority of Singapore (MAS) will relax the more-than-three-year-old vehicle financing
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  • Article, Illustration
    Lock icon CDL attempts third PPS deal, this time with top-end condos
    1182 1  -  Portfolio worth about S$350 million to be made up of apartments in Cliveden at Grange, St Regis and One Shenton By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore CITY Developments Ltd (CDL) is said to be attempting its third profit participation securities
    PHOTO: ARTHUR LEE  -  1,182 words
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      31 1 *****1 *****1 THE BUSINESS TIMES QjzamxidfeA AQUA TERRA LADIES AVAILABLE AT: Ion Orchard 6509 9712 Marina Bay Sands 6225 2393 Raffles City 6338 3676 Resorts World Sentosa 6723 8004 Q OMEGA
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      27 1 COMMENTARY Baltic is at best a trophy purchase for SGX COMPANIES MARKETS 6 CHALLENGES AHEAD Buildings here still have room to improve: Lawrence Wong real estate 22
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      16 1 FUN WITH FITNESS Cool social workouts that make you forget you’re actually exercising BT LIFESTYLE 29
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  • TOP STORIES
    • Article
      Lock icon Economists unmoved by surprise boost in April factory output
      885 2  -  They await broad-based output increase and better external outlook for surer sign of manufacturing recovery By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore AN ongoing destocking process helped lift Singapore’s manufacturing output in April to new levels. But beyond the surprise, economists are
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    • Article
      Lock icon Bank Negara closes its case against 1MDB after firm pays fine for non-compliance
      526 2  -  But central bank governor says it’s ready to assist other enforcement agencies in their probes By Pauline Ng btworld@sph.com.sg Kuala Lumpur BANK Negara Malaysia considers its investigation into state-owned 1MDB to be concluded following the latter’s payment
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    • Article, Illustration
      Lock icon Ex-BSI banker granted bail, but prosecution gets stay on bail order
      463 2  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore FORMER BSI banker Yeo Jiawei, who faces nine charges in an ongoing probe by Singapore regulators into 1Malaysia Development Berhad (1MDB), appeared relieved when the state court granted him bail on Thursday. Family
      PHOTO: YEN MENG JIIN  -  463 words
    • Article
      Lock icon Registry launched for renewable energy certificates
      623 4  -  Platform expected to allow companies to buy and sell green energy; concept seen as new to regional market By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore FOLLOWING the landmark offsite power purchase agreement between Apple and local solar company Sunseap, a pilot project for renewable energy
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    • Article, Illustration
      Lock icon First shared-facilities Lube Park in Asia opens in Singapore
      476 4  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore THE Singapore Lube Park the first of its kind in Asia where facilities are shared was launched on Thursday, giving a boost to lubricant production in Singapore amid growing regional demand. The Lube Park, located
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    • Article, Illustration
      Lock icon Pricing list: Striking a balance between transparency and flexibility
      1091 4  -  COMMENTARY By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT WHEN the developers of GEM Residences released last week a full price list for all 578 units ahead of its launch on Friday in the name of greater transparency, the move was largely seen by
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    • Article
      Lock icon Japan pushes for bold growth strategy on first day of Ise-Shima summit
      735 4  -  By btworld@sph.com.sg Anthony Rowley btworld@sph.com.sg Ise Shima JAPAN on Thursday sought to show leadership in reversing global economic stagnation, with Prime Minister Shinzo Abe urging fellow political leaders from the Group of Seven (G-7) advanced nations to launch
      735 words
    • Article
      Lock icon MHA and PA in terror-preparedness exercises
      426 4  -  By Aqil Luqman Nurhakim nluqman@sph.com.sg Singapore AS part of the SG Secure initiative, the Ministry of Home Affairs (MHA) and the People’s Association (PA) will launch two revamped Emergency Preparedness (EP) Days this weekend. The revamped EP Days aim to equip the community with
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    • Article
      Lock icon Women lawyers still lag men in senior in-house roles
      725 5  -  But jobs as in-house legal counsel still offer women a better chance of climbing to senior posts than in private practice: study By Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore MORE women lawyers in Asia and the Middle East are opting for in-house
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    • Article
      Lock icon Fed vs markets: We’ve won 3-2, says economist
      572 5  -  Buoyant US labour market weighs strongly in favour of rate hike decisions, says Fed’s James Bullard By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore HE demurred on what exactly the US Federal Reserve will do in June, but St Louis Fed president James Bullard
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      370 5 WAREHOUSE A n 28-29th May 2016 I F Sat -Sun 10 AM 8 PM WALK-IN and ONLINE www.oaks.com.s Up to 7® 2 DAYS ONLY! FREE WINE TASTING Wine, Whisky, Japanese Whisky, Champagne, Sake, Vodka, Accessories Over 600 items! Usual Now Rating Ch.Ducru Beaucaillou 1985 ex-ch 380.00 290.00 RP-92 1430.00 990.00
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  • COMPANIES & MARKETS
    • Article
      Lock icon SGX eyes bigger share of Asian bond trading amid IPO slump
      399 6 BLOOMBERG Singapore SINGAPORE Exchange (SGX) is seeking to capture a larger slice of secondary trading of foreign-currency bonds from Asian issuers to augment revenue as it endures a multi-year slump in initial public offerings. The bourse is recruiting more
      BLOOMBERG  -  399 words
    • Article
      Lock icon Baltic is at best a trophy purchase for SGX
      705 6  -  Its flashy London address apart, Baltic Exchange has long ceased to be a central trading node and is now better seen as a financial-information provider COMMENTARY By David Fickling, Andy Mukherjee WHAT does Singapore’s bourse hope to get out of its
      705 words
    • Article
      Lock icon Neo Group posts S$6m full-year profit
      389 6  -  By Aqil Luqman Nurhakim nluqman@sph.com.sg Singapore FOOD caterer Neo Group on Thursday posted a net profit attributable to equity-holders of S$6.06 million for the 12 months ended March 31, 2016. This compares with a net profit of S$7.4 million for the 14 months ended
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    • Article
      Lock icon Unit trusts and ILPs under CPFIS post negative returns for Q1
      464 6  -  Overall performance in first 3 months hit by market volatility; 12-month performance also weak By Angela Tan angelat@sph.com.sg Singapore THE overall performance of unit trusts and investment-linked insurance products (ILPs) included under the Central Provident Fund Investment Scheme (CPFIS)
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    • Article
      Lock icon IHH Healthcare’s Q1 profit rises 37%
      743 8  -  Exchange loss falls to RM5.8 million in Q1 2016 from RM116.4 million in Q1 2015 By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore AGAINST a lower base in the year-ago period, mainboard-listed IHH Healthcare Berhad has reported a 37 per cent year-on-year jump in its first-quarter
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    • Article
      Lock icon Alibaba falls the most in 4 months on SEC probe
      434 8 BLOOMBERG Hong Kong ALIBABA Group Holding Ltd which counts Temasek Holdings as an investor fell the most in four months after the e-commerce giant said it’s being investigated by the US Securities and Exchange Commission (SEC) over its accounting practices
      BLOOMBERG  -  434 words
    • Article, Illustration
      Lock icon Easier, contactless payment with Apple Pay for OCBC customers
      312 9  -  By Arthur Lee arthurl@sph.com.sg Singapore MORE than half of consumers in Singapore own a credit or debit card with contactless payment capability. But of this group, less than 50 per cent have ever made a contactless payment purchase, according to Desmond
      PHOTO: ARTHUR LEE  -  312 words
    • Article
      Lock icon Accordia trims Q4 loss; DPU slips to S$0.0176
      448 9  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore ACCORDIA Golf Trust narrowed its fourth-quarter (Q4 FY2016) net loss to 777 million yen (S$9.73 million) from a year-ago 981 million yen loss amid favourable weather conditions. The narrower loss attributable to unitholders for the three
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    • Article
      Lock icon Triple whammy takes toll on Metro’s Q4 profit
      574 9  -  Quarter’s earnings dive 84.8% to S$1.15m; final payout of seven Singapore cents includes 5-cent special dividend By Renald Yeo yrenald@sph.com.sg Singapore LOWER turnover and exchange differences, along with a sharp rise in general and administrative expenses have pulled Metro Holding’s net profit
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    • Article, Illustration
      Lock icon STI / Catalist
      63 10 STI Catalist Straits Times Index May 26,2016 2,773.31 +6.65 (+0.24%) Current streak 2 days Day high 2,791.46 Day low 2,772.23 52-week high 3,459.98 (May 26, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index May 26,2016 435.03 +0.35 (+0.08%) Current streak 5 days Day high 436.77 Day low
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    • Article, Illustration
      Lock icon STI gains 0.2% as traders turn risk-on
      611 10  -  Asian markets track Wall Street, lifted by higher oil prices and strong US housing numbers STOCKS By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT SHARE prices in the local bourse edged higher on Thursday for the second straight day, fuelled once again by overnight gains on
      Source: Bloomberg  -  611 words
    • Article
      Lock icon STI STOCKS
      305 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 232 unch 234/230 253 209 6.6 6113.9 CapitaCom Trust 141.5 +1.5 143/140.5 164 122.5 6.1 4183.2 CapitaLand 294 -2 297/293 360 267 11.8 3.1 *****.3 CapitaMall Trust 204 -1 206/202 224 184.5
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    • Article
      Lock icon MOST ACTIVE
      35 10 VOLUME Cedar Strategic 133,001,100 Magnus Energy 109,035,200 Ezra 36,997,700 Noble 28,399,900 Spackman 27,261,500 Market volume 1,568,119,000 VALUE Singtel 78,270,943 DBS Grp 41,639,336 HongkongLand USD 37,875,702 UOB 32,587,385 Keppel Corp 30,463,025 Market value 809,211,000
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    • Article
      Lock icon SGX ETFS
      104 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap ABF SG Bond ETF 117 394 117/116.8 119/112 116.8/117 534.1 STI ETF 282 249 284/282 349/254 282/283 DBXT MSWorld US$ US449 +4 26 449/449 494/376 450/451 DBXT MSCHINA US$ US1136 +6 14 1141/1136 1716/995 1131/1135 GLD
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 May 26 VALUE CLOSE BT OB/OS -162.00 +3.00 BT CADI -*****.00 +15.00 BT 10-day MA -*****.00 -17.00 FTSE ST Mid Cap 671.19 +1.81 FTSE ST Small Cap 389.09 +1.15 FTSE ST All Share 678.74 +1.50 FTSE ST China Top 160.86 -0.51 FTSE ST China 189.01 -0.65 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 10 STI FTSE ST All-Share FTSE ST All-Share index May 26,2016 678.74 +1.50 (+0.22%) Current streak 2 days Day high 682.00 Day low 678.30 52-week high 830.29 (May 26, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 10 STI MSCI EAFE MSCI EAFE index May 25,2016 1,661.57 +19.27 (+1.17%) Current streak 2 days Day high 1,663.83 Day low 1,643.92 52-week high 1,922.70 (June 22, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 2 3 1 0 0 11 2 3 Manufacturing 33 35 35 9 7 8 42 42 43 Commerce 27 15 8 3 5 5 30 20 13 Tpt/Stor/Comms 11 14 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,030 151 14,181 47,939 26 47,965 Manufacturing 74,570 160,168 234,738 83,189 2,062 85,251 Commerce 54,202 28,020 82,222 62,063 955 63,019 Tpt/Stor/Comms 105,292 340 105,632 153,442 27 153,470 Finance 21,013 731 21,744 114,190 120 114,311 Construction
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    • Article
      Lock icon GAINERS
      76 10 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 110.3 0.4 *****/***** Jardine C&C 3361 81.0 2.5 4520/2636 DBXT E50 US$ 4545 49.6 0.8 5249/3968 GLD US$ ***** 40.0 0.2 *****/***** DBXT MSJAP US$ 4666 35.8 0.6 5224/4031 BY PERCENTAGE CLOSE UP 52w high/low CompactMetal W*****0 1.3 116.7
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    • Article
      Lock icon LOSERS
      74 10 BY CENTS CLOSE DOWN 52w high/low DBS Bk 4.7% NCPS ***** -20.0 -0.2 *****/***** Hyflux 6% CPS ***** -20.0 -0.2 *****/***** DBXT MSKorea US$ 5093 -15.2 -0.2 5850/4478 SP Corp 52.5 -14.0 -21.1 119.5/51.5 Luxking 37 -13.0 -26.0 90/25.5 BY PERCENTAGE CLOSE DOWN 52w high/low LifeBrandz 0.2 -33.3 -0.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 10 VOL CLOSE($) CHANGE Luxking 3.2 0.370 -0.130 -26.00 SP Corp 21.4 0.525 -0.140 -21.05 Jason Marine 70.0 0.150 -0.029 -16.20 SingIndexFund 10.2 1.700 +0.255 +17.65 Heatec Jietong 855.9 0.029 +0.004 +16.00 New Wave 500.1 0.011 +0.004 +57.14 Hor Kew 104.0 0.345 +0.015 +4.55 United Food 20.0 0.074 -0.015
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    • BROKERS’ TAKE
      • Article
        Lock icon Singapore Telco | Overweight
        144 10 Singapore Telco Overweight OCBC Investment Research, May 26 The three telcos made a pretty decent start to 2016, with results mostly within our expectations; this is especially noteworthy given the spate of Q1 earnings disappointments across a broad swathe of sectors. Recently, we saw mvno (mobile virtual network operator) Circles.Life
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      • Article
        Lock icon Religare Health Trust | Hold
        60 10 Religare Health Trust Hold Target price: S$0.95 May 26 close: S$1.015 DBS Group Research, May 26 While we are positive on RHT’s expansion plans and exposure to the growing demand for healthcare services in India, we believe these attractive attributes are largely priced in. There may also be pressure on
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      • Article
        Lock icon Sarine Technologies | Buy
        252 10  - Sarine Technologies Buy Compiled by Andrea Soh Target price: S$1.94 May 26 close: S$1.60 May bank Kim Eng, May 25 De Beers just concluded its fourth Sight of the year with provisional rough diamond sales of US$630 million (Sight 3 2016: US$666 million, Sight 3 2015: US$506 million). The slight
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    • Article
      Lock icon CALENDAR
      12 10 DATA IMay 27 Singapore Business Receipts Index US GDP Price Index
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    • Article
      Lock icon Yen surge dampens US$ bullish streak
      458 11 CURRENCIES REUTERS London AN early surge in the yen in Asia on Thursday put a dampener on any further progress for the US dollar after a bullish two weeks and spurred speculation that US investors are opposing any gains past 110.50 yen. In relatively
      REUTERS  -  458 words
    • FOREX RATES
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        Lock icon HANG SENG
        2 11
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 May 26 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.934 4.719 0.644 5.586 48.369 97.897 0.791 8.508 2.938 1.072 75.379 33.584 0.991 11.250 0.713 23.420 25.629 0.489 0.719 Canada 1.071 5.054
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 11
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      • Article, Illustration
        Lock icon DOW JONES
        2 11
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      • Article, Illustration
        Lock icon NIKKEI
        1 11
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 May 26 S$ Bid Offer 1-month 1.3787 1.3791 2-months 1.3791 1.3794 3-months 1.3798 1.3802 6-months 1.3813 1.3816 Source: OCBC
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 May 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9911 0.9915 0.7192 0.7194 Canadian dollar 1.0615 1.0619 0.7705 0.7702 Euro 1.5395 1.5401 1.1171 1.1174 NZ dollar 0.9240 0.9248 0.6705 0.6710 Sterling pound 2.0286 2.0297 1.4720 1.4726
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        208 11 Most active May 26 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 9.5 unch 7784 0.1 1480 2 UOB MB eCW*****5 3.2 0.1 2770 0.1 1890 2 KepCorp MB eCW*****1 7.3 0.5 2624 0.2 600 6
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 11 In local curr In S$ In US$ dy yr dy yr dy yr May 25 Index Change Change Change Change Change Change World Preliminary 1265.5 0.8 -1.0 0.7 -2.4 0.9 0.3 EAFE Preliminary 953.0 1.1 -6.0 1.0 -5.9 1.2 -3.2 Europe Preliminary 1359.4 1.0 -3.8
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        405 11 May 26 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES May16 9340.00 9397.50 9272.50 9372.50 *****4 *****8 Jun16 9100.00 9142.50 9010.00 9105.00 *****3 *****2 NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 ***** *****0 Sep16 *****.00 *****.00 *****.00 *****.00 259 3204 MSCI TAIWAN
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 May 26 $S Offer Bid 0vernight 0.05 0.03 1-month 0.7500 0.6250 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: 0.03 US$ 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 11 May 26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.01 5-Year NX*****X 2.250 01-Jun-21 102.77 102.90 102.70 10-Year NX*****Z 2.375 01-Jun-25 102.19 102.38 102.05 15-Year NZ*****F 2.875 01-Sep-30 105.74 105.70 105.45 20-Year NZ*****V 3.375 01-Sep-33 113.05 113.27 113.27
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        249 11 May-25 Price Net change change Last Trade Agricultural May-25 CBOT Soybeans (US cents/bu) 1085.50 30.75 2.92% 14/07/2016 CBOT Soybean Oil (US cents/lb) 31.34 0.45 1.46% 14/07/2016 CBOT Wheat (US cents/bu) 466.00 2.00 0.43% 14/07/2016 May-25 LIFFE Cocoa (£/tonne) 2170.00 -24.00 -1.09% 14/07/2016 LIFFE Coffee (US$/tonne) 1616.00 -4.00 -0.25%
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    • Article
      Lock icon SGX MAINBOARD
      1785 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 151.5 127 AIMSAMP Cap Reit 137 -1 107 138 136 0.9 8.3 871.9 Div 171.2 101 ARA Asset Mgmt 135 +2.5 636 136
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    • Article
      Lock icon SGX CATALIST
      316 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last Vol Day 4 1.7 t Acesian Partners 3.6 +0.6 230 3.6 3.3 4.9 12.6 GrYld Net MCap 16.2 4.5 t Alliance Mineral 6.4 unch 6031 6.6 6.3 25.2 LOW 19.9
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    • Article
      Lock icon SGX ETF
      125 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 981 700 CIMBASEAN40 US$ US812 +15 0 812 805 127.4 4157 2355 DBXT China50 US$ US2689 2 2689 2689 7.4 362 190 DBXT MSBrazil US$ US286 -2 5
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      1516 6 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices Company Address Head Office: 42 Avenue JF Kennedy, L-1855 Luxembourg. Tel: +352-243-0 Singapore Branch: 9 Raffles Place, #55-01 Republic Plaza, Singapore *****9. Tel: +65 6597 1600 BALANCE SHEET as at 31 December 2015 (expressed in thousands of EUR) ASSETS 2015 2014
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      282 7 YOUR SPACE in the city awaits. Welcome to Marina One Residences, set to take its place as the epicentre of Singapore’s Central Business District. As the newest and most prestigious address in Marina Bay, here is where you can live, play and work amidst lush urban greenery. A 3.67millionsq.ft.integrated development
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      1011 8 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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      Lock icon Page 8 Advertisements Column 2
      1226 8 First Gulf Bank PJSC Head Office: PO Box 6316, Abu Dhabi, United Arab Emirates Singapore Branch: 80 Raffles Place, #10-01/02, UOB Plaza 1 Singapore *****4 CONSOLIDATED BALANCE SHEET 31 December 2015 2015 AED 000 2014 AED 000 Assets Cash and balances with Central Banks 21,075,886 21,541,399 Due from banks and
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      1838 14 3<HD+H@+ ;#H@<)@)+ 6Q; OTD-C@BC@H<)+ !D 1D!<)+ R!D%+CEM Y)K+ 9’R-) b ?K@!F%#KaaA:)F<)O VEF+EF _=,0 Audited accounts for the year ended 31 December 2015 ;CD>C[!+H<)+ =H[HD-) 3#))< The notes form an integral part of the audited financial statements and a full understanding of the statements cannot be achieved without reference to the
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      2035 14 ;CD>C[!+H<)+ TD-CE) 3<H<)E)D< Sir John Peace Bill Winters Andy Halford 13_E![[!CD 14fG!aa!EF XF>)B)@> !F-EG) .(L$.* .$Odg( XF>)B)@> )\D)F@) O&L,G$M S&Odg.Q P)< !D<)@)>< !D-CE) ^L(G" ..OJJ* impairments in India, China, Africa and Korea. The Group has also revised its assumptions regarding recovery rates on impaired exposures downward leading to higher impairment.
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      1104 15 NOTICES TOLL FREE 18 0 0-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices 2#)ZAD;C#I?A)-D%E!?)+IE;FG)AD’!FCI-=?!E=#)PEIE-!I_?=I=)F)E=?I?IA)?;_=D’+)-!?!DE?_!Ea)+=D=#)E)]?=AI=)%!-C_IEIEED;E-)+!ERD9)FG)A,H.&K2#)?) !FCI-=? !E-_;+) A)+;E+IE-Y IE+ A)_I=)+ )[C)E?)? I??D-!I=)+ )EI-=)+ DA -DFF!==)+ #)I+-D;E= A)+;-=!DE? C=D DGA!#%AG 8;A I;+!= CAD-)+;A)? !E-_;+)+‘ 3@??)??!E%=#)A)-D%E!=!DED’A)+;E+IE-YCAD9!?!DE?A)B;!A)+I?IA)?;_=D’=#)?=I’’A)+;-=!DEF)I?;A)?IEED;E-)+MCIA=!-;_IA_Y=D9I_!+I=)]#)=#)A-D?=? ])A) A)-DA+)+ !E ICCADCA!I=) A)CDA=!E% C)A!D+K were recorded in the appropriate reporting period. Assessing the recognition of onerous lease
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      1057 15 3 2#) ZAD;C I;+!= =)IF C)A’DAF)+ ]DAa DE 9I_;I=!DE D’ PEIE-!I_ !E?=A;F)E=? IE+ %DD+]!__ !FCI!AF)E=K VE I++!=!DEM C)A’DAF)+ B;I_!=Y I??;AIE-) -#)-a?DE_DIE_D??c;+%)F)E=?FI+)GY-DFCDE)E=I;+!=DA?’DAI___DIE?IGD9)d(HF!__!DE!E-A)+!=%AI+)?.,M.*IE+.(Q?))CI%)?.",IE+."*OIE+a)Y _DIE? IGD9) d"& F!__!DE DE ZAD;C6? )IA_Y I_)A= Q?)) CI%) ,HbO 3 2#) 4)E!DA 4=I=;=DAY @;+!=DA 9!?!=)+ a)Y _D-I=!DE? =D %I!E PA?=L#IE+ aED]_)+%) D’ a)Y A!?a? IE+ !??;)?K 2#!?
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  • ENERGY & COMMODITIES
    • Article
      Lock icon BP to slash US$2-4b off Tangguh LNG budget
      721 18  -  Cut from an earlier US$12b bill seems to be on course as a sectorial downturn sparked by the oil price collapse has freed up capacity and lowered costs By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore BP’S plan to cut US$2-4 billion from
      721 words
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      Lock icon US oil explorers going ahead with drilling projects
      763 18 BLOOMBERG Chicago THE largest US oil explorers are ploughing ahead with some of the most ambitious drilling projects in the 157-year history of the industry even as dissatisfied investors vow to continue their fight against fossil fuels. Shareholders of Exxon Mobil Corp
      BLOOMBERG; PHOTO: AFP  -  763 words
  • Page 18 Advertisements
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      1131 18 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices Philippine National Bank and Subsidiaries CONSOLIDATED STATEMENT OF FINANCIAL POSITION CONSOLIDATED STATEMENT OF INCOME As of December 31, 2015 with Comparative Figures for 2014 (In Thousand Pesos) INDEPENDENT AUDITORS' REPORT The Stockholders and the Board of Directors Philippine National Bank Report
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      122 18 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF OPTITUNE INTERNATIONAL PTE. LTD. (IN CREDITORS’ VOLUNTARY LIQUIDATION) (Co Reg. No. *****1732W) NOTICE OF PREFERENTIAL DIVIDEND Name of Company: Optitune International Pte. Ltd. (In Creditors’ Voluntary Liquidation) Address of Registered Office: C/o 47 Hill Street #05-01
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      282 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF 1) BIZLUMBER INTERNATIONAL TRADING PTE. LTD. (Co. Registration No. *****3017E) 2) ASIAN AVIATION SERVICES PTE LTD (Co. Registration No. *****1071R) 3) AVIATION MATERIALS PTE. LTD. (Co. Registration No. *****9765E) (IN MEMBERS’ VOLUNTARY WINDING-UP) NOTICE OF FINAL
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      964 19 NOTICE OF CREDITORS’ MEETING HOCK CHUAN ANN CONSTRUCTION PTE LTD (IN CREDITORS’ VOLUNTARY LIQUIDATION) (“COMPANY”) INCORPORATED IN SINGAPORE REGISTRATION NO. *****0728M NOTICE IS HEREBY GIVEN pursuant to Section 325 (1) of the Companies Act (Cap 50) (the "Companies Act”) that a meeting of creditors of the Company in the above
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      848 19 NOTICES TOLL FREE 18 0 0-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GEO-TELE PTE. LTD. (In Members’ Voluntary Liquidation) Company Reg. No. *****3773N At an Extraordinary General Meeting of the members of GEO-Tele Pte. Ltd. (the “Company”)
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      918 19 PT Bank Negara Indonesia (Persero) Tbk and Subsidiaries CONSOLIDATED STATEMENTS OF FINANCIAL POSITION 31 DECEMBER 2015 AND 2014 (Expressed in millions of Rupiah, unless otherwise stated) ASSETS 2015 2014 2015 2014 LIABILITIES, TEMPORARY SYIRKAH FUNDS AND EQUITY LIABILITIES Yangon Representative Office DOMESTIC BRANCHES -15 regional offices 1,625 Branch Office/ Sub
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      190 19 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF GENTING INTERNATIONAL ENTERPRISES (SINGAPORE) PTE. LTD. (IN MEMBER'S VOLUNTARY LIQUIDATION) (Company Registration No. *****416BH) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting
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      170 19 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF GENERAL GAS CARRIER CORPORATION III PTE LIMITED (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****4926H NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final
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      194 19 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SOLTIUS ASIA PTE. LTD. (IN MEMBER’S VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO. *****2064R) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308(1) of the Companies Act, Cap. 50, the Final Meeting of the
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  • TECHNOLOGY
    • Article
      Lock icon AT&T makes bid for Yahoo Internet business: sources
      574 20 Telecom giant’s continued presence in the bidding process pits it against rival Verizon Communications BLOOMBERG New York AT&T Inc has made a bid for Yahoo Inc, according to people familiar with the matter, and is a contender to acquire the Sunnyvale, California-based
      BLOOMBERG  -  574 words
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      Lock icon Microsoft to cut up to 1,850 jobs, quit making smartphones
      481 20 AFP Helsinki MICROSOFT announced on Wednesday it would let go up to 1,850 employees and a Finnish union called it the end of the company’s smartphone manufacturing business, bought from Finnish telecom equipment maker Nokia. “Microsoft Corp on Wednesday announced
      AFP; PHOTO: REUTERS  -  481 words
  • Page 20 Advertisements
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      396 20 Discover Leading and Innovative Growth Companies Wholesale Investor and Shareinvestor.com have joined forces once again to bring you the Singapore Capital Expo and Small Cap Showcase June 2016 on Monday, 6th June 2016. Join Singapore’s high net worth investment community as we showcase some of Australia’s, Singapore’s and New Zealand’s
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      1487 20 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 Overall exports from New Zealand up 7%
      437 21  -  Dairy exports, however, are down 25%, says NZ trade commissioner at F&B showcase in Plaza Singapura By J Lossini jlossini@sph.com.sg Singapore NEW Zealand dairy exports to Singapore fell 25 per cent to NZ$317.7 million (S$295 million) last year, said Tony Robinson, trade commissioner
      437 words
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      Lock icon For some US firms, millennials are giving way to Generation Z
      651 21 They are talking to investors about long-term plans to appeal to the post-millennial generation REUTERS New York A SMALL but growing number of companies are starting to target Generation Z the 69 million high school-age children and younger who
      REUTERS; PHOTO: BLOOMBERG  -  651 words
  • Page 21 Advertisements
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      1971 21 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices Head Office: 30, Avenue Pierre-Mendès-France, ***** Paris, France Singapore Branch: 50 Raffles Place #41-01 Singapore Land Tower, Singapore *****3 CONSOLIDATED BALANCE SHEET ASSETS 31/12/15 31/12/14 in millions Cash, central banks 21,190) 56,598) Financial assets designated at fair value through profit and
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Buildings here still have room to improve: Lawrence Wong
      660 22  -  There are 3 directions to take and they concern design, environmental sustainability, and construction methods. By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore BUILDING owners still have some way to go to make their properties more accessible, connected, green, smart, productive and high-tech.
      660 words
    • Article, Illustration
      Lock icon 99.co launches app, first revenue model
      412 22  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore MARKING the second anniversary of property startup 99.co, co-founder and chief Darius Cheung on Thursday launched 99PRO, a “fast, simple, intuitive” app for real estate agents and homeseekers. Among the features it offers are an interactive map search
      PHOTO: AIDAN LOO  -  412 words
    • Article, Illustration
      Lock icon CapitaLand launches Raffles City Shenzhen
      242 22  -  By Gladys Yeo gladyeo@sph.com.sg Singapore THE topping-out ceremony of the new Raffles City Shenzhen, attended by Ong Ye Kung, co-chairman of the Singapore-Guangdong Collaboration Council, was held on Thursday. The mall, launched by CapitaLand, is the first Raffles City mall in south China, said CapitaLand
      242 words
    • Article
      Lock icon Taiwan president saddled with world’s worst property market
      385 22 BLOOMBERG Taipei TAIWAN’S home prices, which have fallen in the past year ending a dec-ade-long bull run, are poised to extend declines as the economy contracts and a new presidential administration focuses on equitable wealth distribution. Home values in Taiwan have dropped
      BLOOMBERG  -  385 words
    • Article
      Lock icon US shopping mall Reits hurt by department store woes
      512 22 REUTERS New York AFTER a spate of disappointing quarterly results from big-name retailers, mall real estate investment trusts (Reits) have come under pressure. The FTSE NAREIT regional mall index is on track for its second straight month of declines, after department
      REUTERS  -  512 words
    • Article
      Lock icon Obamas’ next home: 9 bedrooms in wealthy Washington area
      795 23 President has said his family will remain in the capital until his daughter Sasha completes high school in 2018 NYT Washington PRESIDENT Barack Obama and his family plan to move to a mansion in the upscale Kalorama neighbourhood of Washington, a
      NYT  -  795 words
    • Article
      Lock icon CBL & Associates said to be under probe by FBI, SEC for fraud
      390 23 CBL Associates said to be under probe by FBI, SEC for fraud BLOOMBERG New York SHARES of CBL Associates Properties Inc fell the most in almost five years after a published report said the US retail landlord is being investigated for accounting fraud. The stock of the Chattanooga, Ten-nessee-based real
      BLOOMBERG  -  390 words
  • Page 22 Advertisements
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      148 22 JAPAN PROPERTY FOR SALE KYOTO KIYOMIZU FREEHOLD Up to 6.27% returns Central location in KYOTO High yield units bulk sales (9 units) Ave confirmed return 5.72% (6.27% 4.46%) All units have rented out already! S$2.04M (S$1 =85 jpy) Contact 9 units Studio type (26.91m2 –30.96m2 including balcony) Extra reinforce concrete
      148 words
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  • Page 23 Advertisements
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      683 23 D09 HOUSE FOR SALE DEVONSHIRE ROAD 2½ storey inter terrace for A&A without parking. Pre-War F’hold. Somerset MRT. Karen Koh 9002 7480 D10 HOUSE FOR SALE BRIZAY PARK GCB 17,200sf. 2-sty. 6+1. Serene. Pool. Good plot. High grd. No long driveway. Serious seller. Keys on hand. Andy 9227 2638 D10
      683 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon Several buyers eyeing Virgin Australia stake: Branson
      686 25 It’s not yet clear if Virgin Group itself will raise its stake in Australia’s second-largest airline BLOOMBERG Sydney AIR New Zealand Ltd’s stake in Virgin Australia Holdings Ltd has attracted several potential buyers and talks are underway about a possible deal, said Richard
      BLOOMBERG; PHOTO: REUTERS  -  686 words
    • Article, Illustration
      Lock icon AirAsia to expand fleet, with eye on China-led regional demand
      523 25 BLOOMBERG Kuala Lumpur AIRASIA Bhd, South-east Asia’s biggest budget carrier, plans to expand its fleet as it taps demand in a region projected to surpass the US as the world’s biggest air-travel market in two decades, led by China. The
      BLOOMBERG; PHOTO: BLOOMBERG  -  523 words
    • Article
      Lock icon Takata hires Lazard to head financial restructuring effort
      319 25 REUTERS London TAKATA Corp confirmed it has hired investment bank Lazard Ltd to lead a financial restructuring in an effort to resolve costs stemming from its recall of tens of millions of faulty air bags linked to at least 13 deaths and
      REUTERS  -  319 words
    • Article
      Lock icon Apple said to be in talks with electric-vehicle charging firms
      723 25 REUTERS San Francisco APPLE Inc is investigating how to charge electric cars, talking to charging station companies and hiring engineers with expertise in the area, according to people familiar with the matter and a review of LinkedIn profiles. For more
      REUTERS  -  723 words
  • Page 25 Advertisements
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      147 25 r I printpack^ign SINGAPORE'S PRINTING, PACKAGING SIGNAGE BUSINESS EXHIBITION 29JUNE-1 JULY Level 1, Hall B, Sands Expo Convention Centre Marina Bay Sands, Singapore Value-add your visit to PrintPack+Sign 2016! Application of Printed Electronics in Creating New Media Platforms Entering The Next Phase of 3D Printing How to Sell Expensively with
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      Lock icon Page 25 Advertisements Column 2
      31 25 At what price did your neighbour just sell his home? Sold 3 months ag6 ttH' wi ira nr 28 Bukit Bato LISTED Your Neighbourhood Transactions Be the first to know! SRX.com.sg/property-tracker
      31 words
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  • OPINION
    • Article
      Lock icon Top management sets the tone in fight against money laundering
      560 26 EDITORIAL SINGAPORE’S stance against money laundering took the limelight earlier this week in dramatic fashion when the Monetary Authority of Singapore ordered the shutdown of BSI Bank’s Singapore branch for breaches of anti-money laundering rules. BSI has been under scrutiny
      560 words
    • Article
      Lock icon Good public disclosures mitigate local investment bias
      828 26  -  THE BOTTOM LINE By Johan Sulaeman T The writer is assistant professor of finance at National University of Singapore (NUS) Business School IF you live in Hong Kong, are you more likely to invest in China stocks than Indian stocks? If you live
      828 words
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      Lock icon Time for airlines to invest more in connectivity
      1114 26  -  Connectivity infrastructure will power the innovations that create seamless, personalised passenger travel, and to propel carriers ahead of their competitors. BY GENIUS WONG competitors.BY GENIUS WONG T The writer is president, Global Network, Cloud and Data Center Services, at Tata Communications THE
      PHOTO: BLOOMBERG  -  1,114 words
    • Article
      Lock icon Robots may become new norm in accounting and finance
      869 27  -  COMMENTARY By Joseph Alfred TThe writer is head of Policy Technical at ACCA Singapore ANEW norm is emerging today as we march to the beat of 21 st century technology trends in cloud, Big Data, mobile and social collaboration, adapting continually
      869 words
    • Article
      Lock icon Increase in inequality easing since 2012
      659 27  -  COMMENTARY By Arturo Bris T The writer is professor of finance at imd and director of the imd world Competitiveness Center THE launch of the IMD World Competitiveness Ranking is right around the corner. Every year, it uses a wealth of economic and scientific
      659 words
    • Article, Illustration
      Lock icon Using ‘hip-hop diplomacy’ to achieve American foreign policy goals
      1069 27  -  AMA programme builds on “smart power” strategy adopted by Hillary Clinton as secretary of state. BY HARISH MEHTA T The writer is a historian who has taught at Canadian universities. This article is part of a series on US foreign relations
      PHOTO: AFP  -  1,069 words
    • Article
      Lock icon Golden age of global trade may be about to end
      521 27  -  COMMENTARY By Paul Donovan T The writer is UBS’s global economist THE world economy is more integrated than ever before. Global trade as a share of GDP (gross domestic product) has hit a record high in real terms. Transactions zip
      521 words
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      2022 28 C a i l a n E n n o r e J e d d a h B r i s b a n e Shanghai ~Chittagong Ho Chi Minh H o J e b e l A l i n g NYK RORO (ASIA) PTE. LTD. K o
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      Lock icon Page 28 Advertisements Column 2
      244 28 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 152 BST020 28/05/2016 29/05/2016 Buatan/Buatan DAILY Marco Polo 108 BST210 29/05/2016 30/05/2016 Buatan/Buatan DAILY Marco Polo
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  • BT Lifestyle
    • Article, Illustration
      Lock icon FUN WITH FITNESS
      1330 29  -  Ditch the lonely treadmill and check out these cool social workouts designed to keep you in the pink of health and make you forget you’re actually exercising. BY AVANTI NIM designed BY AVANTI NIM avantin@sph.com.sg Barre it all IF you enjoyed the sheer gracefulness of the ballerinas
      PHOTOS: WEBARRE, BOUNCE SINGAPORE; PHOTO: BOUNCE SINGAPORE; PHOTO: WEBARRE; PHOTO: POP UP YOGA  -  1,330 words
    • ARTS
      • Article, Illustration
        Lock icon Christian art with an Asian flavour
        941 30  -  A new exhibition at the Asian Civilisations Museum focuses on religious artefacts made by artists and skilled craftsmen in Asia. BY CHEAH UI-HOON uihoon@sph.com.sg AN exhibition of Christian art will likely make you think of European artefacts, but since the 13th century, many of
        941 words
      • Article, Illustration
        Lock icon Singapore’s Master of Modern Art
        664 30  -  By Cheah Ui-Hoon uihoon@sph.com.sg IN this 10th anniversary of Anthony Poon’s death and against the backdrop of the National Gallery’s Reframing Modernism exhibition, which looks at the mid-20th century modern art movement in both the West and Asia, Sundaram Tagore Gallery has rolled out a
        PHOTO: SUNDARAM TAGORE GALLERY  -  664 words
      • Article, Illustration
        Lock icon Grace, athleticism and flawless teamwork
        423 30  -  By Cheah Ui-Hoon uihoon@sph.com.sg A DOOR isn’t just a door when it’s in the hands of practised dancers, as those from T.H.E. (The Human Expression) Dance Company showed last week. The piece of wood became a wonderful prop as it was incorporated into the dancers’
        PHOTO: HELIX IMAGES  -  423 words
      • Article, Illustration
        Lock icon Packing a punch
        428 30  -  By Avanti Nim avantin@sph.com.sg IContinued from Page 29 FOR Nazar Musa, taking up boxing was a matter of life and death. The founder of Spartans Boxing Club on Joo Chiat Road was diagnosed with Type 2 diabetes while living in Dubai and was told in no uncertain
        PHOTO: HAIKAL HUSSIN  -  428 words
    • MUSIC/MOVIES
      • Article, Illustration
        Lock icon Nearly 60, and still going strong
        727 31  -  A concert series saluting Singapore’s best musicians kicks off with Dick Lee. MUSIC BY HELMI YUSOF helmi@sph.com.sg @HelmiBT IS there anything that musician Dick Lee hasn’t done? He’s topped charts, designed clothes, written plays, held a solo art exhibition and directed the last two
        PHOTO: OLIVIER HENRY OF MILK PHOTOGRAPHY  -  727 words
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        Lock icon A duo who’s dynamic in their performance and repertoire
        522 31  -  By Sue-Ann Tan suetan@sph.com.sg FROM Bach’s concertos to Taylor Swift’s Shake It Off, The Anderson Roe Piano Duo has played it all and the Internet loves it. The duo are musicians Greg Anderson and Elizabeth Joy Roe, and some of their
        522 words
      • Article, Illustration
        Lock icon Dystopian love in ice-cool Singapore
        462 31  -  CINEMA By Helmi Yusof helmi@sph.com.sg @HelmiBT DIRECTOR Drake Doremus knows a lot about star-crossed love. His 2011 breakthrough Like Crazy snagged the Sundance Grand Jury Prize for its detailed, heartbreaking depiction of love against the odds. His new film Equals reaffirms his ability to elicit
        462 words
      • Article, Illustration
        Lock icon Angry Birds film fails to take flight
        315 31  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT JUST like the phone download, The Angry Birds Movie is turning out to be a sleeper hit, toppling Captain America: Civil War from top spot in North America with its US$39 million opening. Worldwide, it has grossed more
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    • WINE/ART
      • Article, Illustration
        Lock icon A dream of a vintage in Burgundy
        1077 32  -  After a joyful harvest, the 2015 vintage will likely be a very great one. one.By NK YONG VERY favourable weather conditions throughout the growing and ripening season meant the crop would be healthy, ripe and almost normal in quantity. There were smiles all
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        Lock icon A bonus for fans of Beaune wines
        634 32  -  By Christopher Lim limchris@sph.com.sg @ChrisLimBT HOSPICES aren’t usually what wine connoisseurs associate with auctions. A notable exception is Hospices de Beaune in the Cote de Beaune area of Burgundy, France. Also known as Hotel Dieu, it was founded in 1443 by Nicolas Rolin
        634 words
      • Article, Illustration
        Lock icon UOB Painting winner holds solo show
        373 32  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT AFTER winning the 2015 UOB Painting of the Year (Singapore, Established Artist category) award, Benjamin Cruz decided the time was right to hold a solo exhibition. The show, titled Vision and Visionaries, is on until June 8 at the
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    • CITY LIFE
      • Article, Illustration
        Lock icon Click, and smell the coffee
        633 33  -  Cafebond.com brings the specialty coffee beans of Melbourne’s renowned cafes to the doorsteps of connoisseurs in Singapore. Singapore.BY TAN TECK HENG thtan@sph.com.sg Melbourne is famously a city of coffee snobs, boasting indie cafes that have sent Starbucks packing. Now, coffee lovers here can get a
        633 words
      • CITY BUZZ BT writers' picks of what to see, do or talk about
        • Article, Illustration
          Lock icon RACHAEL YAMAGATA PREMIERES NEW RECORD
          361 33  -  By T Rachael Dylan Tan Rachael CONCERT Rachael Yamagata Live! RACHAEL Yamagata must hold the record for the most number of times an international artiste has played in Singapore: Over the course of a decade, she has toured here eight times. If you count her
          PHOTO: LAURA CROSTA  -  361 words
        • Article, Illustration
          Lock icon Palme (2012)
          149 33  -  FILM By Palme Dylan Tan Palme TO mark the 30th anniversary of his mysterious death, there will be a one-off screening of Palme, a documentary about the 26th prime minister of Sweden, Olof Palme. One of Scandinavia’s most controversial leaders, he was vocal about human rights and equality
          149 words
        • Article, Illustration
          Lock icon Epicurean Journeys Pop-Up Chef Dining Series
          217 33  -  DINING By Tay Suan Chiang HERE’S a chance to savour cuisine by five acclaimed chefs from around the world without having to leave Singapore. The Luxury Collection Hotels Resorts is bringing back its Epicurean Journeys Pop-Up Chef Dining Series for the second time. This
          PHOTO: EPICUREAN JOURNEYS  -  217 words
        • Article, Illustration
          Lock icon 18 Years of Juicy Steaks in Singapore
          190 33  -  DINING By Tay Suan Chiang DURING the past 18 years since it opened in Singapore, Morton’s of Chicago has served 200,000 pieces of filet mignon, 180,000 pieces of ribeye and 80,000 pieces of New York Strip. To celebrate its 18th anniversary, which falls
          190 words
        • Article, Illustration
          Lock icon Kumarajiva
          173 33  -  THEATRE By Helmi Yusof RISING stage actors Timothy Wan, Audrey Luo and Jodi Chan star in this faithful retelling of the mythical life of Kumarajiva, one of the leading translators of Buddhist scriptures. Directed by Goh Boon Teck and produced by Foo Hai Buddhist Cultural and Welfare Association, it
          173 words
  • Page 29 Advertisements
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      36 29 MUSIC Dick Lee: Nearly 60, and still going strong/ 31 CITY LIFE BT writers’ picks of what to see, do or talk about 33 WeBarre is at 86B Tanjong Pagar Road. For more information, visit www.webarre.com
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  • Page 32 Miscellaneous
    • Miscellaneous
      Lock icon Page 32 Miscellaneous Column 1
      325 32 CRYPTIC CROSSWORD Across 1 North America’s first exploit precedes a feeling of revulsion (6) 5 Begin hostilities after sack is given to writer on love (4,4) 9 Self-restraint needed seeing cheek after altercation during meal? (5,5,3) 10 Question on pay as cause of inflation (4-4) 11 Puts one’s foot down
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