The Business Times, 4 June 2016

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Microfilm: NL38882
Total Pages: 42
1 32 The Business Times
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      63 1 BT LivingTHE BUSINESS TIMES WEEKEND JUNE 4 -5, 2016 NONYA TWISTS Peranakan cuisine evolves for a new generation L2-4 DESIGN Philippe Starck up close L7 DINING Hip new NY concept opens here L5 HOME GARDEN Paring down to bare essentials L8-9 PHOTO: DULUKALA TRAVEL Siem Reap’s Anantara Angkor Resort L6
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  • BT Living
    • DINING
      • Article, Illustration
        Lock icon NONYA TWISTS
        2720 2 / 3  -  Hipster cafes and celeb eateries may dominate foodie headlines, but traditional Peranakan cuisine has been steadily thriving under the radar, quietly evolving to suit the palates of a younger generation. By Rachel Loi and Tan Teck Heng By Rachel Loi, Tan Teck Heng ALMOST every morning, Bob Seah
        PHOTOS: HOUSE OF PERANAKAN, DULUKALA, BLUE GINGER; PHOTOS: THE PERANAKAN; PHOTOS: CHONG WEN GE CAFE; PHOTO: IPPIN  -  2,720 words
      • Article, Illustration
        Lock icon Dining New York-style
        1186 5  -  Manhattan’s legendary cocktail bar and restaurant Employees Only has picked Singapore to open its second outlet. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT AFTER a slew of Hong Kong favourites such as Tim Ho Wan, Mak’s Noodles and Honolulu Cafe descending on the Singapore
        PHOTOS: EMPLOYEES ONLY  -  1,186 words
    • TRAVEL
      • Article, Illustration
        Lock icon Storied retreat
        743 6  -  Despite a tougher market, Anantara Angkor Resort Spa in Siem Reap remains optimistic. By Daven Wu By Daven Wu IT IS perhaps a little trite to say that were it not for the Angkor temples, the Cambodian town of Siem Reap would probably not exist. Barely a decade
        PHOTOS: DAVEN WU  -  743 words
    • DESIGN
      • Article, Illustration
        Lock icon Creating magic via hard work
        966 7  -  Philippe Starck, arguably the world’s most prolific designer, says his hotels are all successes because they are full of life. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT PHILIPPE Starck is as humorous and wacky as the products and spaces that he designs.
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    • HOME & GARDEN
      • Article, Illustration
        Lock icon BARE ESSENTIALS
        1149 8 / 9  -  personal space Veteran hotel and resorts consultant Richard Baker’s two-storey house resonates with his less-is-more design mantra. By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT RICHARD Baker needs to be careful when he has visitors. Most of the time, they come over and then never want to leave. His two-storey
        PHOTOS: YEN MENG JIIN  -  1,149 words
    • BEAUTY
      • Article, Illustration
        Lock icon On the scent of a winner
        1656 10 / 11  -  Fashion houses are banking on big summer fragrances to boost slowing sales. But it’s an uphill battle as indie scentmakers woo customers with a plethora of choices. By May Yip By May Yip A COUPLE of generations ago, owning a scent any scent by
        PHOTOS: CHRISTIAN DIOR; PHOTOS: POLO RALPH LAUREN, CHANEL; PHOTOS: SALVATORE FERRAGAMO  -  1,656 words
    • GADGETS
      • Article, Illustration
        Lock icon SUPERSIZE ME
        715 12  -  Enjoy the best of a smartphone and tablet with 6-inch Android devices such as the Leagoo Shark 1 and the Oppo R9 Plus and take a look at how these two biggies compare. By Sherwin Loh By Sherwin Loh A giant with longer life SO yet another China
        715 words
      • Article, Illustration
        Lock icon An elegant ‘Selfie Expert’
        594 12 sherwinl@sph.com.sg @SherwinLohBT THE Oppo name may not be as well-known as China’s Xiaomi, but the China handset brand has been making its presence felt in the global market. In April, Oppo made it to the Top Five list of global smartphone brands, moving 18.5 million units
        594 words
    • HEALTH
      • Article, Illustration
        Lock icon Don’t be hard on your eyes
        537 13  -  Regular eye tests at the specialist is necessary for silent eye conditions such as glaucoma By Cheah Ui-Hoon uihoon@sph.com.sg GOING for regular eye tests is not just about checking if your myopia has worsened or changing prescription glasses. Jennifer Tan (not her real name),
        FILE PHOTO  -  537 words
      • Article
        Lock icon New laser refractive treatment
        905 13  -  By Cheah Ui-Hoon uihoon@sph.com.sg JUST about six years ago, patients who wanted to correct their eyesight with laser refractive treatment had only two procedures to choose from. The first generation laser treatment was Surface Ablation (or PRK, for photorefractive keratectomy) and the second, Lasik, which stands
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    • MOTORING
      • Article, Illustration
        Lock icon Agile 4x4
        484 14  -  The Audi A4 2.0 TFSI quattro impresses with its prodigious power and all-wheel-drive capability. By Samuel Ee samuelee@sph.com.sg MUCH of the latest Audi A4 is brand new but it may be difficult to appreciate this because its look is so understated. The ninth generation model gets a new
        484 words
      • Article, Illustration
        Lock icon STYLE COUP
        519 15  -  The new Mercedes-Benz C-Class Coupe stands out for its stunning styling. THE C-CLASS COUPE IS LONGER AND WIDER THAN ITS PREDECESSOR, WITH A WHEELBASE EXTENDED BY 80 MM TO A WHOPPING 2,840 By Samuel Ee samuelee@sph.com.sg Mercedes design has evolved dramatically in the last decade and one perfect
        519 words
    • GOLF
      • Article, Illustration
        Lock icon Asian players take on the best in US Open
        776 16  -  India’s Anirban Lahiri, South Korea’s KT Kim and Thai duo Kiradech Aphibarnrat and Thongchai Jaidee have qualified for the tournament this month. By Justine Moss By Justine Moss WHEN the year’s second major gets under way in a couple of weeks
        PHOTO: ASIAN TOUR  -  776 words
      • Article
        Lock icon Swinging for a good cause
        182 16 ON May 26, a total of 115 golfers teed off on the Singapore Island Country Club’s New Course in the Macallan M Masters. This is the second time the event has been held in Singapore and all proceeds were donated to The Breadline Group, a
        182 words
      • Article, Illustration
        Lock icon Gifts to make a golfer smile
        197 16 Titleist Limited Edition Head Covers THE Titleist Signature Limited Edition Head Covers are made from soft Pittards leather skin which has been hand-picked. The covers are manufactured in a Titleistowned and operated glove facility. Each set consists of one Driver and one Fairway head
        197 words
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      31 6 Anantara Angkor Resort Spa, National Road No 6, Khum Svaydangkum, Siem Reap, Cambodia, tel +855 63 966 788, www.anantara.com. From US$195 The writer was a guest of Anantara Angkor Resort Spa
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  • Title Section
    Lock icon Masthead
    21 1 weekend THE BUSINESS TIMES www.b sine time .com.sg| JUNE 4-5, 2016 S$1.20| MCI (P) 040/08/2015 sfjl A SINGAPORE PRESS HOLDINGS PUBLICATION
    21 words
  • Article, Illustration
    Lock icon Cash call, founder’s exit plan maul Noble’s shares
    984 1  -  Stock dives up to 15% on proposed rights issue at 60% discount to Thursday’s closing price By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore HARES of commodity trader Noble Group tanked on Friday after it unveiled a US$500 million one-for-one rights issue, priced at
    Source: Bloomberg  -  984 words
  • Article
    Lock icon Hotel Zouk on the cards as Genting unveils big plans
    423 1  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur WHEN Genting Hong Kong (GHK) set its sights on Zouk Singapore, it saw in the iconic club not just a compelling fit with its business segments but also a brand that it could internationalise
    423 words
  • Article
    Lock icon Job growth down sharply
    33 1 US ECONOMY THE US economy created the fewest number of jobs in more than five years in May, with the Verizon strike depressing employment growth by 34,000 jobs. 2
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  • Article
    Lock icon Fears of stagnation
    28 1 SINGAPORE ECONOMY PRIVATE sector business conditions in Singapore did not improve much in May after they deteriorated in April, evoking fears of stagnating growth. 3
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  • Article
    Lock icon Sri Lanka port concept plan
    34 1 MOU SIGNED SURBANA Jurong has signed an agreement with the Sri Lankan government to develop Trincomalee, a major port city on the east coast, into an economic hub. 5
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  • Article
    Lock icon Headed for listing
    26 1 FRASERS LOGISTICS TRUST FRASERS Logistics Industrial Trust has lodged its preliminary prospectus, confirming weeks of market talk that a listing was imminent. 10
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  • TOP STORIES
    • Article, Illustration
      Lock icon CONTENTS
      56 2 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 20 Consumer 21 Govt Economy 22-24 Transport 25 Opinion 26-27 Wealth 28-30 Life Culture 31 LIVING Dining L2-5 Travel L6 Design L7 Home Garden L8-9 Beauty L10-11 Gadgets L12
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    • Article, Illustration
      Lock icon Job growth down sharply even as jobless rate falls
      519 2 Nonfarm payrolls up by only 38,000 jobs in May, the smallest gain since September 2010 LATEST US DATA Reuters Washington THE US economy created the fewest number of jobs in more than five years in May, hurt by a strike by
      Reuters; PHOTO: AFP  -  519 words
    • Article
      Lock icon MARKETS
      136 2 GSTI 2,809.23 (+14.14) GSTI FUTURES 2,811.00 (+14.00) GSIMSCI 311.98 (+1.44) GSIMSCI FUTURES 312.40 (+1.75) STOCKS Friday Change KL COMP 1,636.46 +5.93 NIKKEI 225 16,642.23 +79.68 HANG SENG 20,947.24 +88.02 SET 1,436.43 +12.37 JAKARTA 4,853.92 +20.70 MANILA 7,514.22 +49.63 KOSPI 1,985.84 +0.73 SHENZHEN B 1,088.23 +9.99 MUMBAI 26,843.03 -0.11 11.45
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    • Article, Illustration
      Lock icon Private-sector sluggishness stokes fears of stagnation
      439 3  -  May’s Nikkei Singapore PMI was at 50.1, after April’s deterioration at 49.4 By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore PRIVATE-SECTOR business conditions in Singapore did not improve much in May after they deteriorated in April, evoking fears among some economists of stagnating growth. The Nikkei
      Source: Markit  -  439 words
    • Article
      Lock icon New Zouk gearing up for F1 party season
      440 3  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur ZOUK Singapore doesn’t plan to let renovations at its new Clarke Quay premises stand in the way of cashing in on the F1 fun. The city-state’s best-known party club aims to launch its new F&B concept
      440 words
    • Article, Illustration
      Lock icon Thailand ‘committed to return of democracy’
      673 4  -  Addressing Shangri-La Dialogue, Thai PM also says reforms can take place once peace and order are restored By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THAILAND is committed to returning to democracy in accordance with the roadmap that has been planned to achieve this goal, said
      PHOTO: REUTERS  -  673 words
    • Article, Illustration
      Lock icon Car leasing firms still confident about demand despite easier loans
      570 4  -  By Samuel Ee samuelee@sph.com.sg Singapore THE loan curbs may have been relaxed but rental and leasing companies do not expect demand for new cars from them to drop much due to the high cost of vehicles and the general profile
      PHOTO: ARTHUR LEE  -  570 words
    • Article, Illustration
      Lock icon Surbana Jurong to help develop Trincomalee in Sri Lanka
      360 5  -  S’pore consultancy will develop concept plan for port city’s Metro Area By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore SURBANA Jurong has signed an agreement with the Sri Lankan government to develop Trincomalee, a major port city on the east coast of Sri
      360 words
    • Article, Illustration
      Lock icon Hard or Floppy?
      341 6 It has been reported that multiple US government agencies still run on old technology 8-inch floppy disks, which were considered to be obsolete by the end of the 1970s. As Singapore embarks on its Smart Nation ambitions, the storage of data will be a key component of
      Source: BBC, CNN, GoCanvas, RadioShack; BT Graphics: Andrea Lee & Renald Yeo  -  341 words
    • Article, Illustration
      Lock icon Stop being an overachiever
      951 7  -  Such employees may be over-burdened and yet passed over for promotions CUBICLE FILES By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT Singapore IT’S a good thing to be seen as capable and reliable at work. But when taken to the extreme, it can saddle an overachieving employee with extra
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      67 3 SPACE SALE ENDS NEXT WEEKEND!^^ a X*V- /*x^ Space Furniture 77 Bencoolen Street Singapore *****3 Open 10.30am 8pm daily +65 6415 0000 spacefurniture.asia SEi a ‘Conditions Apply. Check in-store for details. Images are a guide only. Not available in conjunction with any other offer. nfl rifl nfl nfl rnr|nrinrnr|n rpr|nnnrnr|H
      67 words
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      112 5 Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings TURNING PASSION INTO OPPORTUNITY As a franchise owner you will enjoy Simple, effective systems for educating, marketing, sales and operations Extensive, proprietary curriculum, customised to the educational requirements of each student A time tested business model proven
      112 words
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      255 7 3)ad ‘s ¥l)ay KAcfeltA Present Dad with a wine chiller to store his favourite wines and delight in a sumptuous Italian wine and dine experience with him in celebration of Father's Day. Receive two invites* to dine with your Dad with any purchase of Kadeka wine chillers. fjdm Jar-lul One
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon A champion on and off the court
      2691 8 / 9  -  Hailed as one of the greatest tennis players, Martina Navratilova remains influential in the sport even after retirement. By Lee U-Wen By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT WE are about 10 minutes past the scheduled time for the interview, and Martina Navratilova makes her
      PHOTO: JULIAN FINNEY, AFP  -  2,691 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Frasers Logistics Trust headed for listing
      535 10  -  Reit targets 6.8% to 7% dividend yield for FY16 and boasts 15 cornerstone investors By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore FRASERS Logistics Industrial Trust (FLT) on Friday afternoon lodged its preliminary prospectus, confirming weeks of market talk that preparation for its listing was well
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    • Article
      Lock icon Top S-E Asian stock that’s returned nearly 400% stays under the radar
      639 10 Bloomberg Kuala Lumpur IT’S South-east Asia’s best-per-forming stock and has returned almost 400 per cent to investors in three years. Yet, Malaysia’s Hap Seng Consolidated Bhd has flown under many people’s radars. The property, plantation and building materials
      Bloomberg  -  639 words
    • Corporate digest
      • Article
        Lock icon Global Testing
        128 10 THE board of directors of Global Testing Corporation is proposing a dividend of S$0.10 per share. It is also proposing a round of capital reduction and cash distribution, both at S$0.10 per share, the board said in a filing to Singapore Exchange on Friday. An extraordinary general meeting
        128 words
      • Article
        Lock icon SMRT Corporation
        137 10 PLANS for board renewal at SMRT Corporation have been shelved, as the public transport operator looks to transit to a new rail financing framework in the coming financial year. “In the coming year, the planned transition to the new rail financing framework will need the board’s closest attention.
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      • Article
        Lock icon Lafe Corporation
        98 10 LAFE Corporation, whose operations comprise property investment, property development, property agency and consultancy services, said on Friday it has been placed on Singapore Exchange’s watchlist with effect from Friday. This follows the notice of three consecutive years’ losses released by the company on April 6, 2016, said Lafe.
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    • Article, Illustration
      Lock icon Noble, Yeo Hiap Seng and Tuesday’s surge main features for week
      560 11  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent A SURGE in volume on Tuesday most probably because of month-end windowdressing, a play on food and beverage stocks led by Yeo Hiap Seng (YHS), and a focus on Noble Group after
      560 words
    • Article, Illustration
      Lock icon CityDev soars over 4% on re-inclusion in major FTSE index
      516 11  -  HOT STOCK By Angela Tan angelat@sph.com.sg Singapore SHARES of Singapore property group City Developments soared more than 4 per cent on Friday, albeit in low volume. This surge came amid speculation of the counter being added to an index that
      Source: Bloomberg  -  516 words
    • Article
      Lock icon GAINERS
      71 11 BY CENTS CLOSE UP 52w high/low DBXT MSKorea US$ 5155 46.8 0.7 5677/4478 DBXT Vietnam US$ 2368 42.6 1.3 2786/2017 DBXT China50 US$ 2779 38.5 1.0 4087/2355 CityDev 881 36.0 4.3 1025/661 Jardine C&C 3330 34.0 1.0 4520/2636 BY PERCENTAGE CLOSE UP 52w high/low CPH 0.8 100.0 0.4 1.2/0.3
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    • Article
      Lock icon LOSERS
      74 11 BY CENTS CLOSE DOWN 52w high/low JMH USD 5495 -123.8 -1.6 6103/4500 JSH USD 2900 -67.4 -1.7 3300/2524 GLD US$ ***** -34.4 -0.2 *****/***** DairyFarm USD 661 -22.0 -2.4 898/556 DBXT S&P Short US$ 2026 -16.5 -0.6 2393/2026 BY PERCENTAGE CLOSE DOWN 52w high/low Blumont 0.1 -50.0 -0.1 1.1/0.1
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    • Article
      Lock icon MOST ACTIVE
      35 11 VOLUME Noble 225,235,400 Cedar Strategic 88,841,100 HPH Trust USD 36,317,400 Annica 26,500,000 Yoma Strategic 22,534,600 Market volume 1,189,508,000 VALUE Noble 60,196,116 Singtel 54,787,977 DBS Grp 48,859,165 CityDev 46,966,510 CapitaLand 26,520,671 Market value 754,392,000
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    • Article
      Lock icon STI STOCKS
      305 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 231 +1 233/230 253 209 6.6 6087.5 CapitaCom Trust 140.5 +1.5 141/139.5 160.5 122.5 6.1 4153.7 CapitaLand 302 +5 303/296 358 267 12.1 3 *****.2 CapitaMall Trust 203 +3 203/200 224 184.5
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    • Article
      Lock icon SGX ETFs Most Active
      108 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 286 +1 107 287/285 343/254 285/286 IS MS INDIA US$ US687 -1 49 691/687 780/575 687/689 85.9 DBXT MSRussia US$ US187 -3 40 187/187 214/129 188/189 DBXT MSBrazil US$ US287 +7 18 287/287 362/190
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      798 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning May 30 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Ascendas REIT 01-Jun-16 Mondrian Inv Partners *Buy 5821 2.30 *****4 4.88 *****5 5.09 Hwa Hong Corp 01-Jun-16
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 5 3 0 1 0 7 6 3 Manufacturing 35 29 33 6 6 12 41 35 45 Commerce 18 20 12 3 6 4 21 26 16 Tpt/Stor/Comms 13 13 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 12 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 9,544 91 9,635 31,683 17 31,700 Manufacturing 72,216 158,837 231,053 83,251 1,438 84,689 Commerce 242,187 13,026 255,213 97,553 446 98,000 Tpt/Stor/Comms 106,407 472 106,879 134,057 38 134,095 Finance 16,276 123 16,399 96,133 16 96,149 Construction
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Jun 3 VALUE CLOSE BT OB/OS -8.00 -26.00 BT CADI -*****.00 +13.00 BT 10-day MA -*****.00 -1.00 FTSE ST Mid Cap 675.69 -0.27 FTSE ST Small Cap 392.38 +1.71 FTSE ST All Share 686.42 +1.57 FTSE ST China Top 163.69 +0.46 FTSE ST China 190.53 +0.06 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 12 VOL CLOSE($) CHANGE Equation 22,049.2 0.004 +0.001 +33.33 Hoe Leong 150.0 0.031 -0.011 -26.19 Ossia Intl 90.0 0.149 -0.019 -11.31 Leader Env 1,762.0 0.041 +0.005 +13.89 Lasseters Intl 249.0 0.049 -0.002 -3.92 Casa 40.0 0.120 +0.020 +20.00 Teho Intl 8.1 0.073 -0.025 -25.51 VibroPower 3.0 0.340 +0.065 +23.64
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    • Article
      Lock icon COMMODITY FUTURES
      192 13 Jun-2 Price Net change change Last Trade Agricultural Jun-2 CBOT Soybeans (US cents/bu) 1144.25 44.50 4.05% 14/07/2016 CBOT Soybean Oil (US cents/lb) 32.26 0.07 0.22% 14/07/2016 CBOT Wheat (US cents/bu) 485.50 11.75 2.48% 14/07/2016 Jun-2 LIFFE Cocoa (£/tonne) 2249.00 12.00 0.54% 14/07/2016 LIFFE Coffee (US$/tonne) 1632.00 -14.00 -0.85%
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    • Article
      Lock icon PALM OIL
      57 13 Jun 3 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 16 2660.0 2680.0 2660.0 2620.0 5 3379 Jul 16 2658.0 2680.0 2687.0 2636.0 1499 ***** Aug 16 2646.0 2666.0 2674.0 2621.0 ***** ***** Sep 16 2621.0 2646.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      65 13 Jun 3 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.1 99.10 99.10 5-Year NX*****X 2.250 01-Jun-21 102.9 102.97 102.89 10-Year NX*****F 2.125 01-Jun-26 99.7 99.80 99.55 15-Year NZ*****F 2.875 01-Sep-30 105.72 20-Year NZ*****V 3.375 01-Sep-33 112.8 30-Year NA*****H
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Jun 3 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9973 0.9988 0.7252 0.7258 Canadian dollar 1.0510 1.0521 0.7645 0.7642 Euro 1.5335 1.5349 1.1151 1.1153 NZ dollar 0.9404 0.9416 0.6838 0.6842 Sterling pound 1.9843 1.9860 1.4429 1.4431
      155 words
    • Article, Illustration
      Lock icon Straits Times Index
      5 13 Source: Bloomberg
      Source: Bloomberg  -  5 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      214 13 Most active Jun 3 Prem Expiry Last Vol Conv Exer Disc Gear- Mths Company Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 9.5 unch 4359 0.1 1620 4 OCBC Bk MB eCW*****3 3.7 0.2 2542 0.1 900 4 STI 2800 MB ePW*****1 7.4 -0.2 2500
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      377 13 In local curr In S$ In US$ dy yr dy yr dy yr Jun 2 Index Change Change Change Change Change Change World Preliminary 1265.9 -0.3 -0.9 -0.4 -2.7 -0.2 0.4 EAFE Preliminary 947.3 -0.6 -6.5 -0.6 -6.6 -0.4 -3.7 Europe Preliminary 1351.4 0.0 -4.3
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    • Article, Illustration
      Lock icon STOCK MARKETS
      10 13 Source: Bloomberg Source: Bloomberg Source: Bloomberg Source: Bloomberg
      Source: Bloomberg  -  10 words
    • Article, Illustration
      Lock icon Noble’s cash call a one-year reprieve
      441 14  -  Planned disposals, if successful, will persuade investors worst is over COMMENTARY By Peter Thal Larsen Reuters Hong Kong NOBLE’S cash call should buy it a year of breathing space. The embattled commodity trader is tapping its long-suffer-ing shareholders for US$500 million, days after its
      Reuters; PHOTO: REUTERS  -  441 words
    • Article, Illustration
      Lock icon Time for insurance companies to clean up their act
      904 14  -  SATURDAY SOAPBOX Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Senior Correspondent MAKING an insurance claim should be made simple, in fact idiot friendly hope no one takes offence here, but this is not the time to be politically correct because the event usually
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Kingsmead Road GCB sold for S$29m
      443 15 Bungalow former home of late RI principal Philip Liau; buyer said to be Wilmar exec Singapore IN WHAT is the biggest transaction in a Good Class Bungalow Area in nearly a year, a house along Kingsmead Road where the late Raffles Institution principal Philip
      443 words
    • Article
      Lock icon Newly elected Reitas exco sees 6 new faces
      361 15  -  First exco election since registration also sees 2 new firms being represented By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THE first-ever election for members of the executive committee (exco) of the REIT Association of Singapore (Reitas) saw the injection of six new faces
      361 words
    • Article
      Lock icon CapitaLand to hold Hanoi project preview in Singapore
      238 15  -  By Renald Yeo yrenald@sph.com.sg Singapore A SLEW of legislative changes designed to allow foreign investment and ownership of real estate in Vietnam saw CapitaLand launch its Vietnam properties in Singapore for the first time in November last year. Now, encouraged by the
      238 words
    • Article
      Lock icon Househunt
      1279 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN APRIL 20 AND APRIL 26, 2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LANDAREA*(SQ FT) PRICE (S$’000) PSF (S$) District 2 NON-LANDED Skysuites Anson Apt 22/04/2016 99 398 880 2210 District 3 NON-LANDED Principal Gdn Apt 25/04/2016 99
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  • BANKING & FINANCE
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      11 17 45Fed likely to avoid rate hike before Brexit vote, Page 23
      11 words
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      615 17 NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF DENKO EQUIPMENT (ASIA PACIFIC) PTE LTD (Co. Reg. No.: *****8635R) (Incorporated in Singapore) (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the Members of DENKO EQUIPMENT (ASIA PACIFIC) PTE LTD convened and held
      615 words
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      65 19 SGCARMART HAPPY SELLERS $5,000CAR SOLD FOR MORE THAN EXPECTED! ADVERTISE YOUR CAR FOR SALE NOW Visit sgcarmart.com/owner Once you find a buyer, sgCarMart Connect will provide 100% FREE settlement on Loans, Insurance Paperwork REBECCA CHAN for both seller buyer. Call 6744 3540 You may also come to our office to
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Huawei faces US scrutiny over export controls
      784 20 Information sought about export of US technology to countries like Cuba and Iran NYT Hong Kong HUAWEI Technologies has become China’s most successful international technology company, in part by tapping markets as varied as Britain, India and Kenya. But it also moved into
      NYT; PHOTO: REUTERS  -  784 words
    • Article
      Lock icon China tech firms buying patents in global push
      537 20 Bloomberg Hong Kong FOR decades, Chinese disregard for trademarks, copyrights, and other intellectual property has frustrated US technology, entertainment and other companies. The next wave of intellectu-al-property conflict in China won’t be fights over pirated software or unauthorised downloads. Microsoft, which has
      Bloomberg  -  537 words
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  • CONSUMER
    • Article
      Lock icon SoftBank’s trimming of US$109b debt leaves funds wary of Son
      749 21 They fear group’s founder will use cash from Alibaba stake sale for another acquisition Bloomberg Tokyo SOFTBANK Group Corp’s move to sell assets and reduce its US$109 billion in total debt has some bondholders wary of the risk founder Masayoshi
      Bloomberg  -  749 words
    • Article
      Lock icon Walmart looks to drones to speed up distribution
      492 21 The machines may be used in one or more of its distribution centres in 6-9 months NYT Bentonville, Arkansas SOON, the labyrinthine aisles at Walmart’s distribution centres stocked high with canned beans, toys and many other products could also have a low
      NYT  -  492 words
    • Article, Illustration
      Lock icon CEO of Sony Entertainment revamps TV division
      269 21 NYT Los Angeles MICHAEL Lynton, chief executive of Sony Entertainment, revamped the studio’s growing television division on Thursday, a move that will streamline operations and increase his personal oversight. For more than 15 years, Sony Pictures Television, the maker of shows like Breaking
      NYT  -  269 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon China said to seek economic summits for bigger global voice
      672 22 An annual confab with major int’l groups would be a first Bloomberg Beijing CHINA is approaching global economic organisations including the International Monetary Fund (IMF) and the World Bank to establish an annual meeting that would offer the nation a
      Bloomberg; PHOTO: REUTERS  -  672 words
    • Article
      Lock icon EU steps up currency-rigging probe
      431 22 Bloomberg Paris THE European Union (EU) is stepping up its currency-rigging probe more than a year after US and UK regulators issued multi-billion-dollar fines to global banks, people familiar with the investigation said. The European Commission has asked banks to gather sales data that could
      Bloomberg  -  431 words
    • Article
      Lock icon S Arabia bans products betting against riyal peg: sources
      284 22 Bloomberg Dubai SAUDI Arabia ordered banks in the kingdom to stop selling some products that allow speculators to bet against its currency peg just days after demanding information from lenders on the offerings, according to people with knowledge of the matter.
      Bloomberg  -  284 words
    • Article, Illustration
      Lock icon Fed likely to avoid rate hike before Britain votes on leaving EU
      1019 23 If Fed does indeed take a pass at its June meeting, officials have signalled they’ll be ready to move in July Reuters Washington THE US Federal Reserve may be forced to delay a rate hike at its June
      Reuters; PHOTO: BLOOMBERG  -  1,019 words
    • Article
      Lock icon Euro area economy’s lacklustre growth to persist: Markit
      439 24 Data suggest growth spurt seen at the start of the year will prove frustratingly short-lived Bloomberg Reuters London THE euro area’s lacklustre pace of growth is set to continue as the economy cools from a strong first-quarter performance, according to Markit Economics.
      Bloomberg; Reuters  -  439 words
    • Article, Illustration
      Lock icon US says overcapacity in China skewing markets; to push Beijing for cuts
      391 24 Bloomberg Seoul THE US will push China to reduce excess capacity in its economy at upcoming talks in Beijing, with Treasury Secretary Jacob J Lew calling it an “area of central concern” on Friday in Seoul. The issue
      Bloomberg  -  391 words
    • Article
      Lock icon Negative rates pushing Japanese investors out of country into US bonds
      622 24 Reuters Tokyo WHEN Japan’s central bank shocked markets with its negative interest rates policy in January, its main aim was to squeeze investors out of safe havens and into assets that would stoke economic growth, such as stocks and
      Reuters  -  622 words
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      44 23 HOT PROPERTY GCB GARLICK VICINITY F'hold Land *****sf Main annexe blks approx 15,000sf. Pool, gdn, garage. TANGLIN HILL BUNGALOW. 8+1 Elevated 13,400sf. Greenery. Wide frontage. Privacy. Keen seller. LANDED PROPERTIES FOR SALE! Check out these properties and more in The Straits Times Classified now!
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  • TRANSPORT
    • Article, Illustration
      Lock icon Uber-Didi global duel gets hotter with big fundraising
      546 25 Both ride-hailing leaders have had huge new capital injections recently Bloomberg San Francisco THE rivalry between ride-hailing leaders Uber and Didi has just intensified. Uber Technologies Inc raised US$3.5 billion from Saudi Arabia’s sovereign wealth fund the single biggest investment in the
      Bloomberg; PHOTO: BLOOMBERG  -  546 words
    • Article
      Lock icon Bain, PAG Asia mull bids for air-bag supplier Takata
      345 25 Bloomberg Southfield, Michigan BAIN Capital and PAG Asia Capital are evaluating bids for Takata Corp, joining KKR Co among private equity firms with an interest in the Japanese air-bag supplier behind a record safety recall, according to people familiar with the
      Bloomberg  -  345 words
    • Article
      Lock icon United launches S’pore-San Francisco direct service
      309 25  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT UNITED Airlines inaugurated its non-stop service between Singapore and San Francisco on Friday, making it the only carrier to currently offer direct flights between Singapore and the US. The inaugural flight took off from Changi Airport on Friday morning,
      309 words
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  • OPINION
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      Lock icon Lessons tech startups can learn from Uber to achieve legitimacy
      1090 26 / 27  -  Startups should recognise that the quest for legitimacy intensifies through various stages of their development trajectories. By Sia Siew Kien and Teo Wen Jing By Sia Siew Kien, Teo Wen Jing ~The writers are from NTU’s Nanyang Business School. Sia
      PHOTO: REUTERS  -  1,090 words
    • Article
      Lock icon Parents, let your children keep their money at home
      909 26 / 27  -  By Ariadna Bankowska, Alice Zytek ~Ariadna Bankowska is an economist; she lives and conducts research in Bandar Seri Begawan, Brunei. Alice Zytek, her daughter, is a financial economist who works as an investment bank analyst in London PARENTS are keen on
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  • Page 26 / 27 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Hidden oil giant Vitol skirts war, market chaos to make billions
        1895 28 / 29  -  Over half a century, the group which trades about 6.5 per cent of the world’s oil has never suffered an annual loss. By Javier Blas and Andy Hoffman By Javier Blas, Andy Hoffman Bloomberg IT WASN’T a normal business
        Bloomberg; PHOTO: BLOOMBERG  -  1,895 words
      • brokers’ take
        • Article
          Lock icon Singapore offshore and marine Neutral
          379 28 / 29 CIMB Research June 3 SMALL-CAP shipyard/ship charterer, Otto Marine (OTML) announced that it has received an offer from a potential buyer for the shares in the company. The proposed buyer and offer price were not disclosed. It is 61.2 per cent-owned by Yaw Chee Siew,
          379 words
        • Article
          Lock icon Cityneon Holdings Buy
          319 28 / 29  -  Compiled by Kenneth Lim DBS Group Research June 3 Target price: S$1.03 June 3 close: S$0.85 CITYNEON Holdings announced that its wholly owned subsidiary, Victory Hill Exhibitions (VHE), has entered into a non-binding term sheet with iLive Entertainment Group (iLive) to host and operate the Marvel’s Avengers
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      • Article, Illustration
        Lock icon Caution against index investing in India
        614 30 Norwegian fund’s advice is to pick up companies with most potential Bloomberg Oslo QUANTUMAdvisors,which picks Indian stocks for Norway’s US$860 billion wealth fund, says investors should stay away from index investing in Asia’s fourth-biggest market. Investing in indexes is a poor place to put
        Bloomberg; PHOTO: BLOOMBERG  -  614 words
      • Article
        Lock icon Deciding on financial planners now part of couplehood
        695 30  -  By Chris Taylor Reuters New York WHEN Rick Parks and his wife Cindy got married a couple of years ago, the Knoxville couple shared a lot of things together: A home, family trips and holiday gatherings. One thing they did not share:
        Reuters  -  695 words
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  • LIFE & CULTURE
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      307 31 CRYPTIC CROSSWORD Across 1 Need to conserve money showing frugality (10) 6 Small sweet potato (4) 9 Precipitate invasion seizing power (5) 10 Primitive arrow found by fire, unfinished (9) 12 Bird’s back in Sun a lot, routinely (7) 13 Basket for catch caught with tackle (5) 15 Forcibly gets
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      110 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENNIA A HARSH, UNYIELDING ENVIRONMENT; AND SINCE 1875 THE HOME OF AUDEMARS PIGUET, IN THE VILLAGE OF LE BRASSUS. THE EARLY WATCHMAKERS WERE SHAPED HERE, IN AWE OF THE FORCE OF NATURE YET DRIVEN TO MASTER
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