The Business Times, 16 February 2015

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Total Pages: 26
1 26 The Business Times
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  • Title Section
    Lock icon Masthead
    24 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G Z ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 Monday, February 16,2015
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  • DAILY DIGEST
    • Article
      Lock icon The Hyatt group
      30 1 plans to open up to 11 hotels across its different brands in the region this year, with the majority of them in China. TOP STORIES PAGE 3
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    • Article
      Lock icon Temasek Holdings
      25 1 sold shares in Alibaba Group Holding in Q4 as the Chinese Internet firm’s shares rallied following its IPO last September.TOP STORIES PAGE 3
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    • Article
      Lock icon Big private equity deals
      43 1 have fallen through or had to be reworked in recent weeks because many banks under US regulatory pressure to reduce their risk-taking are no longer willing to provide as much debt as their clients want. BANKING FINANCE PAGE 15
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    • Article, Illustration
      Lock icon Since the 1970s
      58 1 the renewable energy sector has usually trembled each time oil goes through the “bust” phase of the commodity cycle. When crude was dear, users became interested in wind, solar and hydro. But when oil became cheap, they gorged on it once more turning their backs on novel,
      58 words
    • Article
      Lock icon As China pulls out the stops
      40 1 to get more lending into its economy to bolster flagging growth, farming a sector that employs almost a third of its 1.4 billion people remains in desperate need of funding. ENERGY COMMODITIES PAGE 16
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    • Article
      Lock icon China’s rising demand
      54 1 for healthcare is exposing a chronic shortage of an essential commodity: blood. with hospital blood supplies tight, desperate patients are turning to agents known as “blood heads” who sell certificates that give patients access to state blood banks, creating a black market at the heart of the
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  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 3,426.22 -5.14 KL COMP 1,800.95 -12.30 NIKKEI 225 17,913.36 +264.86 HANG SENG 24,682.54 +3.15 SHENZHEN B 1,099.92 +29.38 DOW 18,019.35 +195.06
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  • Article, Illustration
    Lock icon Business climate turns gloomy: survey
    704 1  -  Pessimism among companies in Q4 2014 hits its highest since Q3 2012, and indicators point to GDP slowing further in Q1 2015 By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT Singapore BUSINESS sentiment in Singapore soured rapidly in Q4 2014, as sales, profits and orders took a
    Source: BT-UniSIM Business Climate Survey  -  704 words
  • Article, Illustration
    Lock icon PM Lee diagnosed with prostate cancer, expected to recover
    653 1  -  He will undergo surgery at SGH on Monday, after which he will go on medical leave for a week By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore PRIME Minister Lee Hsien Loong has been diagnosed with prostate cancer and will undergo surgery at
    PHOTO: PM LEE’S FACEBOOK  -  653 words
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      Lock icon Page 1 Advertisements Column 1
      220 1 Hill 8 '*****1 *****4 ABUZZ OVER BURGERS TWEAKING THE CPF Do the proposed changes go far enough to address retirement concerns? BUDGET 2015 BT explains why the Budget matters and how it works TOP STORIES 4 Where the real sizzlers are in Wildfire’s menu VIEWS FROM THE TOP 12-13 TOPLINE
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  • TOP STORIES
    • Article
      Lock icon Anticipating details of Silver Support Scheme
      781 2  -  Payout will be over and above other forms of government and community support that seniors already receive BUDGET 2015 By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore IF last year’s Budget was defined by the S$8 billion Pioneer Generation Package, the new Silver Support Scheme is
      781 words
    • Article
      Lock icon As 1MDB averts one crisis, another could follow
      717 2  -  COMMENTARY By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT 1 MALAYSIA Development Berhad (1MDB) may have dodged the RM2 billion (S$756.8 million) debt bullet for now, but the reputational blow suffered by the debt-saddled state-backed firm from the crisis could prove tough to recover from.
      717 words
    • Article
      Lock icon Indonesia choice market once again for overseas expansion: survey
      393 3  -  By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT Singapore INDONESIA has again emerged as the most popular destination for Singapore-based companies wanting to expand abroad. Close to half the 118 firms that responded to the BT-UniSIM Business Climate Survey indicating plans to expand
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    • Article
      Lock icon Temasek sells 7.3m ADRs in Alibaba in Q4 as shares rally
      475 3 BLOOMBERG Singapore TEMASEK Holdings Pte sold shares in Alibaba Group Holding Ltd in the fourth quarter as the Chinese Internet firm’s shares rallied following its initial public offering (IPO) in September. The Singapore investment company sold 7.3 million American
      BLOOMBERG  -  475 words
    • Article
      Lock icon Hyatt to open up to 11 hotels in Asia
      512 3  -  The hotels will be launched this year across its different brands, and most of them will be in China By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE Hyatt group plans to open up to eleven hotels across its different brands in the
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    • Article, Illustration
      Lock icon The Singapore Budget
      437 4 BT Explains Sources: Ministry of Finance, IMF Fiscal Monitor Oct 2014, Parliament of Singapore BT Graphics: Teh Shi Ning, Kenneth Lim Gareth Chung Why the Budget matters The government must seek the approval of Parliament for its annual Budget. Currently, approval is not in doubt since the
      Sources: Ministry of Finance, IMF Fiscal Monitor Oct 2014, Parliament of Singapore; BT Graphics: Teh Shi Ning, Kenneth Lim & Gareth Chung  -  437 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      236 2 FUTURE i i t I I i s i I a CHINA ADVANCED LEADERS PROGRAMME i Jube Zhong Assistant CEO Executive Director, Commercial Properties Yanlord Land (Chengdu) Co., Ltd Voo Choon Ling Group Financial Controller Woodlands Transport Service Pte Ltd Benjamin Ow Assistant to Executive Chairman Annaik Limited Wu Xruyi
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      114 2 EXCLUSIVE PAN INDIA PROPERTY EXHIBITION SINGAPORE MARRIOTT HOTEL degree FROM FEBRUARY 21st AND 22nd world wide Be Wise, Get explore, Be Satisfied 15 Branded builders from Delhi to Chennai. Flexible payment plans. Huge discount for prelaunch properties across India. More than 1000 projects showcasing ready and under construction properties. Budget
      114 words
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      115 3 Confidence to build That’s what developers and their investors and lenders can achieve when they’re smart about managing risk. And smart managers work with CME Group, the world’s leading derivatives marketplace. Businesses and financial institutions around the world partner with us to help them manage every kind of risk. Interest
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Big dreams for startup sector in Singapore
      1038 6  -  Action Community for Entrepreneurship is looking at creating more opportunities for interaction between startups and companies.BY MINDY TOPLINE companies.BY MINDY TAN tanmindy@sph.com.sg @MindyTanBT IT is barely past 9am, and Blk 79 and its surroundings are already teeming with activity. Blk 79, and its
      PHOTO: YEN MENG JIIN  -  1,038 words
    • Article, Illustration
      Lock icon Balancing conformance & performance in a volatile environment
      827 6  - Balancing conformance performance in a volatile environment To do so, boards must change their mindset from an internal to an external focus. BY IRVING LOW T The writer is a member of the governing council of the Singapore institute of Directors. THIS year got off to a rocky start: plunging
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    • Article
      Lock icon Banks’ higher bad debt charges reflect harsher environment
      858 6  -  HOCK LOCK SIEW BY SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT A LOT of attention has been focused on the jump in bad debt provisions of the local banks which released their fourth-quarter results last week. What probably jolted also was the comment by
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    • Article
      Lock icon Low trading but buyback activity up sharply
      1904 7  -  Significant corporate trades in DBS, SPH, Technics Oil Gas; rare buys by directors in Falcon Energy, Ezra Holdings and IPS Securex INSIDE MARKETS By Robert Halili T The writer is managing director, Asia Insider Ltd INSIDER trading activity was low for the third
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    • Article, Illustration
      Lock icon STI / Catalist
      64 8 STI Catalist WEEKLY Straits Times Index Feb 13,2015 3,426.22 -5.14 (-0.15%) Current streak 1 day Week high 3,444.57 Week low 3,418.02 52-week high 3,431.36 (Feb 6, 2015) 52-week low 3,073.40 (Mar 21, 2014) FTSE ST Catalist index Feb 13,2014 718.40 -13.36 (-1.83%) Current streak 1 day Week high 729.51 Week
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    • Article, Illustration
      Lock icon For now, oil price volatility is the main factor
      677 8  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE rebound in oil prices is most probably the reason the S&P 500 on Friday closed at a new all-time high of 2,096, while the Dow Jones Industrial Average managed a 1.1 per cent gain
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 8 STI FTSE ST All-Share WEEKLY FTSE ST All-Share Index Feb 13,2014 822.63 -2.42 (-0.29%) Current streak 1 day Week high 827.11 Week low 820.98 52-week high 825.05 (Feb 6, 2015) 52-week low 748.83 (Mar 21, 2014)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 8 STI MSCI EAFE WEEKLY MSCI EAFE index Feb 13,2014 1,839.35 +27.23 (+1.50%) Current streak 2 days Week high 1,839.35 Week low 1,798.26 52-week high 1,993.20 (July 4, 2014) 52-week low 1,729.52 (Jan 9, 2015)
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    • Article
      Lock icon STI STOCKS
      312 8 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 240 -11 249/238 263 212 5.9 6068 CapitaLand 360 +5 360/347 364 268 18 2.2 *****.2 CapitaMall Trust 211 -8 220/208 226 180.5 5.1 7319.6 CityDev 1030 +12 1043/1010 1118 907 14
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    • Article
      Lock icon GAINERS
      77 8 BY CENTS CLOSE UP 52w high/low SPDR DJIA US$ ***** 504.5 2.1 *****/***** DBXT AUDBonds AU$ ***** 231.6 1.1 *****/***** DBXT Nifty US$ ***** 203.4 1.0 *****/***** SPDR S&P500 US$ ***** 162.7 0.6 *****/***** DBXT Vietnam US$ 2694 161.4 4.6 3100/2403 BY PERCENTAGE CLOSE UP 52w high/low Advance SCT
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    • Article
      Lock icon LOSERS
      79 8 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -533.0 -3.2 *****/***** DBXT E50 US$ 4833 -165.5 -2.5 5630/4562 DBXT MSCHINA US$ 1381 -58.3 -3.0 1438/1119 DBXT MSKorea US$ 5631 -57.0 -0.7 6735/5484 DBXT S&P Short US$ 2199 -50.2 -1.7 2619/2197 BY PERCENTAGE CLOSE DOWN 52w high/low UOB VT
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    • Article
      Lock icon UNUSUAL ACTIVITY
      86 8 VOL CLOSE($) CHANGE VGO 100.7 0.200 +0.015 +8.11 HL Global Ent^ 370.0 0.040 +0.011 +37.93 Design Studio 256.9 0.535 +0.065 +13.83 Nico Steel 95.0 0.120 +0.030 +33.33 Yong Xin Intl^ 85.0 0.025 -0.007 -21.88 Soon Lian 141.0 0.136 +0.006 +4.62 8Telecom 119.0 0.123 +0.013 +11.82 Amtek Engg 2,825.2
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 6 0 0 0 0 11 6 0 Manufacturing 58 96 26 14 12 15 72 108 41 Commerce 22 38 19 6 13 2 28 51 21 Tpt/Stor/Comms 13 24 4
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 157,680 157,680 599,439 599,439 Manufacturing 832,627 233,294 1,065,921 488,267 12,452 500,719 Commerce 275,674 163,039 438,713 380,950 8,380 389,330 Tpt/Stor/Comms 726,020 4,367 730,387 1,225,649 1,288 1,226,937 Finance 86,285 569 86,854 902,271 128 902,399 Construction 122,590 30,585
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    • Article
      Lock icon MOST ACTIVE
      40 8 VOLUME HPH Trust USD 283,235,300 IHC 255,663,800 SIIC Environment 142,511,200 Pacific Andes 122,580,300 Advance SCT 120,752,200 Market volume 6,077,112,000 VALUE SingTel 448,313,243 DBS Grp 444,626,989 Keppel Corp 307,789,795 HPH Trust USD 263,889,656 OCBC Bank 244,033,922 Market value 5,697,276,000
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    • Article
      Lock icon SGX ETFs
      111 8 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap IS MS India US$ US803 +9 1808 803/770 1000/567 800/803 100.4 UETF SSE50China 227 +13 558 227/213 238/140 224/226 70.9 DBXT MSCHINA US$ US1381 -43 430 1424/1380 1438/1119 1408/1414 Nikko AM STI ETF 348 unch 410
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    • Article
      Lock icon COMPANY MEETINGS
      108 8 COMPANY MEETING PLACE DATE TIME Xpress Hldgs A 25 Tai Seng Ave #01-01 Scorpio East Bldg 17-Feb 9.00am China flexible Pkg A Re!Joice 2 Ballroom Hotel Re (Ground flr) 175A Chin Swee Road 24-Feb 9.30am Stratech Systems E Function Room 1 31 Intl Business Park Creative Resource Lvl
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Feb 13 VALUE CLOSE BT OB/OS -393.00 +45.00 BT CADI -*****.00 +37.00 BT 10-day MA -*****.00 -39.00 FTSE ST Mid Cap 782.35 +2.16 FTSE ST Small Cap 495.58 -0.37 FTSE ST All Share 822.63 +1.65 FTSE ST China Top 193.38 +1.49 FTSE ST China 236.19 +2.49 FTSE
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    • Article
      Lock icon Brent tops US$61 as outlook brightens
      866 8 COMMODITIES AFP London BRENT oil prices soared above US$61 last week for the first time this year, aided by upbeat news on Ukraine and Greece and by rebounding economic growth in eurozone powerhouse Germany. Elsewhere in commodity markets, India overtook China as the world’s
      AFP  -  866 words
    • Article
      Lock icon Euro shrugs off woes, up for 3rd straight week
      376 9 CURRENCIES BLOOMBERG New York EVEN as a currency crisis rages at its centre and war flares on its borders, the European Experiment is proving that speculation about its downfall has been greatly exaggerated. The region’s 19-member shared currency rose for a
      BLOOMBERG  -  376 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Feb 13 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.971 4.846 0.679 6.022 48.260 99.211 0.923 8.527 2.781 1.044 78.717 34.385 1.053 9.112 0.721 24.370 25.328 0.504 0.776 Canada 1.029 4.988
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Feb 13 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0527 1.0535 0.7762 0.7767 Canadian dollar 1.0837 1.0843 0.7994 0.7991 Euro 1.5499 1.5504 1.1428 1.1430 NZ dollar 1.0086 1.0094 0.7437 0.7442 Sterling pound 2.0875 2.0884 1.5392 1.5397
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Feb 13 S$ Bid Offer 1-month 1.3567 1.3571 2-months 1.3573 1.3577 3-months 1.3578 1.3583 6-months 1.3593 1.3598 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        3 9 WEEKLY
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      • Article, Illustration
        Lock icon NIKKEI
        2 9 WEEKLY
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        Lock icon SHANGHAI COMPOSITE
        3 9 COMPOSITEWEEKLY
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      • Article, Illustration
        Lock icon DOW JONES
        3 9 WEEKLY
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Feb 13 $S Offer Bid 0vernight 0.10 0.05 1-month 0.625 0.50 2-months 0.625 0.50 3-months 0.6875 0.5625 Overnight mode: 0.25 US$ Offer Bid 7 days 0.17 0.07 1 month 0.23 0.13 2 months 0.28 0.18 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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      • Article
        Lock icon SIBOR
        36 9 Feb 13 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 0.***** 3 mths 0.***** 6 mths 0.***** Source: Thomson Reuters
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      • Article
        Lock icon GOVERNMENT SECURITIES
        63 9 Feb 13 Feb 13 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 103.11 5-Year N*****0H 1.625 01-Oct-19 100.4 10-Year NY*****H 3.000 01-Sep-24 107.81 108.37 108.06 15-Year NY*****E 2.875 01-Jul-29 105.08 105.20 105.20 20-Year NZ*****V 3.375 01-Sep-33 112.13 30-Year NA*****N
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        374 9 Feb 13 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.10 *****.11 *****.55 Mar15 *****.00 *****.00 *****.00 *****.00 ***** *****3 Jun15 *****.00 *****.00 *****.00 *****.00 149 4375 MSCI TAIWAN INDEX FUTURES SPOT 352.70 354.47 352.70 Feb15 352.20 355.30 351.70 353.50 ***** *****5 Mar15 352.70
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        208 9 Feb 13 Most active Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 4 0.2 ***** 1 18 20 DBS MB eCW*****0 10.9 -2 ***** 0.2 1980 2 OCBC Bk MB eCW*****3 4.8 -2.1 ***** 0.2
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 9 In local curr In S$ In US$ dy yr dy yr dy yr Feb 13 Index Change Change Change Change Change Change World Preliminary 1319.9 0.4 3.5 0.3 4.7 0.6 2.4 EAFE Preliminary 1043.1 0.7 5.7 0.7 5.9 0.9 3.6 Europe Preliminary 1472.4 0.7 6.6
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Feb-13 Price Net change change Last Trade Agricultural Feb-13 CBOT Soybeans (US cents/bu) 990.50 6.75 0.69% 13/03/2015 CBOT Soybean Oil (US cents/lb) 32.40 0.39 1.22% 13/03/2015 CBOT Wheat (US cents/bu) 533.00 11.75 2.25% 13/03/2014 Feb-13 LIFFE Cocoa (£/tonne) 2018.00 2.00 0.10% 16/03/2015 LIFFE Coffee (US$/tonne) 2009.00 21.00 1.06%
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    • Article, Illustration
      Lock icon Keppel appoints new independent director
      175 10  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore KEPPEL Corporation has appointed Till Vestring as an independent director on the company’s board, effective Monday. The 50-year-old is currently a partner in Bain Company’s South-east-Asia office, having worked with the management consulting firm for the past 24 years.
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    • Article
      Lock icon EMS Energy’s full-year net profit down 81%
      373 10  -  Gross profit up 46.3% and revenue more than doubles; latest contract secured lifts its order book to S$67m By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore ENGINEERING solutions provider EMS Energy’s net profit for the full year ended Dec 31, 2014, came in at S$825,000,
      373 words
    • Article
      Lock icon Dubai World agrees to US$14.6b deal with all creditors
      445 10 BLOOMBERG Dubai DUBAI World, the state-owned company at the centre of the emirate’s 2009 financial crisis, has reached an agreement with all of its creditors to amend and extend terms on about US$14.6 billion of debt. As a result of the
      BLOOMBERG  -  445 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1432 10 Payment Ex Rec Pay Ann (cts) date date date date AIMS Property (1 Sep-31 Dec 2014) ag 0.132 29-Dec 31-Dec 13-Mar 22-Dec AIMS AMP Cap Ind Reit (1 Oct-31 Dec 2014) ct 2.830 04-Feb 06-Feb 26-Mar 29-Jan Ascott Res Trust (1 Jul-31 Dec 2014) ag 4.264 28-Jan 30-Jan
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    • Article
      Lock icon PRIME LENDING RATES
      251 10 Feb 13 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 UFJ, Ltd Bank of Communications Banque Internationale a Luxembourg .6.00
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1594 10 Source: Thomson Reuters Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Industrial REIT 1.50 2.50 2 9.85 14.67 1.66 1.45 Amtek Engineering Ltd 2.50 3.00 2 0.06 8.29 0.72 0.66 ARA Asset
      Source: Thomson Reuters  -  1,594 words
  • Page 6 Advertisements
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      208 6 INVITATION FOR EXPRESSIONS OF INTEREST Expressions of interest are sought from parties interested in purchasing the business of a Singapore entity on an “as in where is” basis. The Singapore entity and its group of companies (“the Group”) provide engineering, procurement and construction (“EPC”) services. Such EPC work-related services include
      208 words
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      162 7 LEADING CHANGE, CREATING VALUE Entrepreneurs, in embracing opportunities and innovation, drive positive change and value. At EY, we recognize the influence and achievements of Singapore's leading entrepreneurs on a platform that extends beyond national boundaries. If you know an inspiring individual who is accomplished in leading change and creating value,
      162 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Rouble tumble busts Russian property buying boom in Spain
      801 11 Spanish real estate agents knocked back down just as they were recovering from stricken market AFP Madrid SPAIN was counting on rich Russians to help revive its stricken property market by buying homes on its sunny coasts until the rouble collapsed
      AFP; AFP FILE PHOTO  -  801 words
    • Article
      Lock icon NY property developers still superstitious about 13th floor
      347 11 LAT WP New York IF you got on a plane on Friday morning, or traded a stock, or drove your car through an intersection, congratulations. You are too logical for medieval superstitions. If you are not, you are in the good company
      LAT – WP  -  347 words
    • Article
      Lock icon Home prices in England rebound after Dec dip
      350 11 London market continues to slow due to stamp duty hike, upcoming elections BLOOMBERG London HOUSE prices in England and Wales posted a modest rebound in January amid evidence that the London property market is continuing to slow, according to LSL Property Services
      BLOOMBERG  -  350 words
    • Article
      Lock icon Facebook leases most of new Seattle building
      258 11 BLOOMBERG Seattle FACEBOOK Inc signed a lease for most of a new Seattle office building in a deal that would increase the amount of real estate it rents worldwide by about 9 per cent, according to a person. The social networking company agreed
      BLOOMBERG  -  258 words
    • Article
      Lock icon Manhattan luxury condos buyers banking on rental
      690 11 BLOOMBERG New York ONE Tuesday last month, a buyer at Manhattan’s Stella Tower completed the US$5.35 million purchase of a two-bedroom condominium on the 14th floor. That Friday, the home was listed for rent at a rate that makes it one of the
      BLOOMBERG  -  690 words
  • Page 11 Advertisements
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      199 11 SMU Master of Science ncy in CFO Leadership From Finance Leader to Business Partner Make Your Mark in Every Role The Master of Science in CFO Leadership programme at Singapore Management University is the first postgraduate degree programme specially designed to develop current as well as potential and aspiring CFOs
      199 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon TWEAKS TO CPF – MORE FLEXIBILITY
      3764 12 TWEAKS TO CPF MORE FLEXIBILITY THIS WEEK’S TOPIC Do the proposed Central Provident Fund changes go far enough to address the issue of retirement adequacy? Are there any other measures that should be considered? Lance Tay Chief Executive officer Tokio Marine Life Insurance Singapore Ltd THE proposed changes are pragmatic
      PHOTO: MOHD TAUFIK A KADER/ BERITA HARIAN  -  3,764 words
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  • Page 13 Advertisements
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      337 13 MOORE STEPHENS LLP CHARTERED ACCOUNTANTS OF SINGAPORE Moore Stephens Singapore Budget 2015 Seminar The Singapore FY2015 Budget Statement will be delivered by the Deputy Prime Minister and Minister for Finance, Tharman Shanmugaratnam on 23 February 2015. What are the major highlights of the Budget 2015 and how will the new
      337 words
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon Reinventing the corporate bond
      2310 14  -  Financial engineer John McQuown is proposing to create a liquid, default-free bond-like security. BY EDWARD ROBINSON T The writer is a senior writer at Bloomberg Markets in London. The piece is an edited excerpt BLOOMBERG JOHN “Mac” McQuown yanks on a chain and hoists open a
      BLOOMBERG; AFP  -  2,310 words
  • Page 14 Advertisements
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      113 14 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, Illustration
      Lock icon Hackers steal US$300m from 100 banks
      1053 15 Malware turned on cash machines, transferred millions of dollars from banks in Russia, Japan, Switzerland, US and the Netherlands into dummy accounts set up elsewhere NYT Palo Alto IN late 2013, an automated teller machine (ATM) in Kiev started dispensing cash at seemingly random
      NYT; PHOTO: BLOOMBERG  -  1,053 words
    • Article
      Lock icon US junk loan crackdown squeezes private equity
      860 15 REUTERS New York BIG private equity deals have fallen through or had to be reworked in recent weeks because many banks, under US regulatory pressure to reduce their risk-taking, are no longer willing to provide as much debt as their clients want. This
      REUTERS  -  860 words
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      1614 15 The Business Times Ik ~TI Toll free 1800-289-8822 I M I I Email notices@sph.com.sg I V i j L J www.sphclass.com.sg/notices THE BVI BUSINESS COMPANIES ACT, 2004 NOTICE OF LIQUIDATOR'S APPOINTMENT NOTICE is hereby given that TOP PLATINUM ASIA LIMITED is in liquidation and that Su Xunxiong of Blk 233
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Oil slump may not harm green energy prospects
      756 16 Cost stability of wind power, UN plans for global warming cap and awareness about dangers of fossil pollution all work in its favour AFP Paris SINCE the 1970s, the renewable energy sector has usually trembled each time oil goes through the “bust”
      AFP  -  756 words
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      Lock icon China’s lending push bypasses farming sector
      585 16 REUTERS Shanghai AS China pulls out the stops to get more lending into its economy to bolster flagging growth, farming, a sector that employs almost a third of its 1.4 billion people, remains in desperate need of funding. Policymakers have cut interest rates, increased
      REUTERS; PHOTO: REUTERS  -  585 words
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      Lock icon Crude oil’s dive ripples through farm economy
      512 16 REUTERS Chicago CRAIG Uden, who fattens cattle for beef on his Nebraska feedlot, expects to cut his energy costs by as much as a quarter this year because of falling oil prices a silver lining in an otherwise tough rural economy. The lowest
      REUTERS  -  512 words
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      Lock icon Fall in US rig count no obstacle to booming oil output
      1037 16 5 shale formations to produce record 5.47m bpd in March despite firms idling 151 rigs BLOOMBERG New York THE US drilling frenzy is over. What’s not is the boom in oil production. While companies have idled 151 rigs in
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,037 words
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      215 16 Is there a direct link between a fall in the oil price and the performance of shares? Historically, cheaper oil has been bad for energy stocks but good for many other types of shares. Join us for a full day course to hear and learn from our popular investment guru,
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  • TECHNOLOGY
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      1013 17 The Business Times NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF GUTHRIE-SV (COMMERCIAL A) PTE. LTD. (In Member’s Voluntary Liquidation) Company Registration No. *****5434C NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to section 308 (2)
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  • CONSUMER
    • Article
      Lock icon China ‘blood famine’ patients turn to black market
      694 19 With hospital supplies tight, patients buy certificates from ‘blood heads’ for access to state blood banks REUTERS Shanghai CHINA’S rising demand for health care is exposing a chronic shortage of an essential commodity: blood. With hospital blood supplies tight, desperate patients are
      REUTERS  -  694 words
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      Lock icon Vitamins hide the low quality of our food
      757 19 NYT New York THERE is much concern these days about what’s in our dietary supplements. Are they actually filled with the ingredients that the labels promise? Maybe, maybe not. Quality control issues in the estimated 85,000 dietary supplement products available in America
      NYT  -  757 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Can the world afford a Fed rate hike?
      1111 20 A stronger greenback, higher borrowing costs for firms and govts may add risks to already-weak global recovery WP New York WHEN Group of 20 (G-20) finance ministers last week urged the Federal Reserve to “minimise negative spillovers” from potential interest rate increases,
      WP  -  1,111 words
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      Lock icon Fed rate hike: will Yellen get it right?
      536 20 BLOOMBERG New York AS the job market gains steam, US Federal Reserve chairwoman Janet Yellen faces a massive challenge to adjust her monetary levers just right: she wants to keep the recovery going without stoking a bubble or spurring inflation. It’s a
      BLOOMBERG  -  536 words
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      Lock icon Italy’s baby-faced premier Renzi celebrates first year in office
      754 20 AFP Rome IN football terms, Matteo Renzi looks more like a scuffling midfielder than a predatory striker. Politically, Italy’s baby-faced prime minister knows exactly where the goal is and how to find it. A year after seizing power via a leadership
      AFP; PHOTO: REUTERS  -  754 words
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      Lock icon China’s capital flows forecast to remain volatile in 2015
      218 20 REUTERS Shanghai CHINA expects its cross-border capital flows to remain volatile this year after outflows accelerated in the fourth quarter of 2014, the country’s forex regulator said on Sunday. China’s capital and financial account recorded a deficit of US$91.2 billion in
      REUTERS  -  218 words
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      Lock icon Turkish president’s comments on economic policy spark investor concerns
      654 20 AFP Istanbul CONCERNS are growing over the health of the Turkish economy, long seen as a star performer among emerging markets, partly due to unorthodox statements by President Recep Tayyip Erdogan on economic policy that have rattled investors. Turkey’s economic success
      AFP  -  654 words
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      Lock icon Seoul mulling over law against high-handedness
      881 21 After the “nut rage” incident, parliamentarians are proposing legislation to punish some of the worst abuses by the rich and powerful REUTERS Seoul RESENTMENT has mounted so much in South Korea against what has come to be known as gabjil, high-handed-ness by the rich
      REUTERS; PHOTO: REUTERS  -  881 words
    • Article
      Lock icon SEC probes visa scheme for rich investors
      552 21 BLOOMBERG Washington THE US Securities and Exchange Commission (SEC) is expanding a crackdown on a little-known programme to dole out visas to wealthy foreigners in exchange for investments that generate jobs. The SEC is preparing sanctions against as many as two dozen immigration
      BLOOMBERG  -  552 words
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      Lock icon Greece, creditors extend talks ahead of Eurogroup meeting
      563 22 Athens isn’t willing to discuss the continuation of its current bailout programme: government spokesman BLOOMBERG AFP Brussels GREEK officials and the country’s creditors extended discussions through the weekend, ahead of the meeting of euro-area finance ministers in Brussels on Monday. Greece’s government
      BLOOMBERG; AFP  -  563 words
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      Lock icon There’s still life in this bull market
      899 22  -  WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg THE six-year-old bull market is roaring again. Stocks rose last week and the professionals’ gauge of the market closed at a record high as traders bet US consumers would soon start spending their savings on petrol.
      PHOTO: REUTERS  -  899 words
    • Article
      Lock icon Copenhagen gunman may be inspired by Paris attacks: police
      445 22 an countries at a later date. AFP, REUTERS Copenhagen THE suspected gunman in two fatal shootings in Copenhagen may have been inspired by the Islamist attacks in Paris a month ago, Danish police said on Sunday. The man killed in a
      an countries at a later date. AFP, REUTERS  -  445 words
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      Lock icon Prosperity in Cuba will require significant changes in how it does business
      900 22 WP Havana WHEN Cuba was hit with rolling blackouts a decade ago, Fidel Castro decided to save energy by ordering everyone on the island to switch from incandescent to fluorescent lighting. Millions, perhaps billions, of bulbs were ordered
      WP; PHOTO: BLOOMBERG  -  900 words
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      335 21 ARE YOU READY ToLead,PlanAndStrategise? Start searching for these Director jobs on STJobs.sg now Director, HR (Full Time) Industry: Compensation Benefits Recruitment Training Development Requirements: Responsible for the planning implementation of the Group's strategic HR Plan. Minimum 10 years of HR/Admin managerial experience with business partnering and change management skills/experience. Sales
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  • TRANSPORT
    • Article
      Lock icon US to allow drones on low, daytime flights
      874 23 Allowing small unmanned aircraft to be flown for business purposes in the US may produce US$100 million or more in economic benefits, says an FAA analysis BLOOMBERG Washington THE first commercial drones in the US will have to stay lower than 500
      BLOOMBERG  -  874 words
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      Lock icon White House to intervene in US ports labour dispute
      687 23 NYT Los Angeles SEEKING an end to a protracted labour dispute that has led to costly delays in West Coast shipping, President Barack Obama has decided to intervene, the White House announced. At the president’s request, Secretary of Labor Thomas Perez
      NYT; PHOTO: AFP  -  687 words
    • Article
      Lock icon GM expands recall for power steering problems
      213 23 NYT New York GENERAL Motors is recalling more than 81,000 cars because their power steering systems could suddenly fail, making the vehicles harder to turn. The action expands a recall from March that covered 1.3 million vehicles in the United States. The automaker
      NYT  -  213 words
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      76 23 8W on «PiS ASIA’S LARGEST' Educational Kids’ Fair' Singapore expo 20-22 March 2015 If your business targets families with kids between the age of 0 -12, we have the right platform for you! GUARANTEE? TARGETS? CROW?! Join us at smartKi?s Asia 2015! 9i. tv H Call us to enquire how
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      9 23 KISS 92m V All the great songs moneplace dl
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      20 23 Stay up-to-date with our stories, analysis and infographics btd.sg/budget_15 r S Q. Budget 2015 fir thebusinesstimes BusinessTimes.com.sg BTd/gital o btbreakingnews
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    1913 24 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) SIN PKL KUC KK JKT SUR SEA CORAL 67 60 3/3 5/3 8/3 OCEAN SEAGULL 42 60 6/3 7/3
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      106 24 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES Make A Splash In The Maritime World Via s|£iJhiaritime.coM Ahoy there! If you are in a business pertaining to any sector of
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  • DINING OUT
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      Lock icon Abuzz over burgers
      1021 25  -  Wildfire’s hefty burger menu will no doubt fan the flames but it’s the grill section where the real sizzlers are. BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT wildfire Kitchen Bar 26 Evans Road Tel: 6734-2080 Open daily 11am to 11pm IMAGINE, if you will, a not-too-distant dystopian
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      47 25 If mn Q. Buzz Talk BgS* news.omy.sg REDEFINING IDEAS 4 printpack+sign Singapore's printing, packaging 8k signage business exhibition "Wi II 29-31 JULY2015 Marina Bay Sands, Singapore www.PrintPackSign.com Interested to exhibit? Tel: (65) 6848 5938 Email: PrintPackSign@bizlink.com.sg Organised By; BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF Sf^l
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      243 25 Spencer Li Founder Head Trainer Synapse Trading Pte Ltd Mostpeopleentertheworldoftradingwiththeknowledgeacquiredfrom books and websites. However, they do not realize that this knowledge differs greatly from reality. This is because professionals use the same trading tools in a different way, thus allowing them to achieve superior results. To achieve similar results, you
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      124 25 THE FIRST INTERACTIVE NEWSPAPER Search Call Share Call 6222 9222 Message... Email cruises@citystate.travel www.citystatecruises.com Share... Cancel Yo u c a n n o w f i n d a n d b u y t h e t h i n g s o r s e r v i
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  • LIFE & CULTURE
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      Lock icon Taking Heart
      347 26  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Do Good Fund CENTRAL Singapore CDC has launched a S$250,000 do Good Fund, which will support meaningful community projects in the district over a period of two years. Successful applicants will receive funding support of up to S$10,000 or 80 per cent of
      347 words
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      Lock icon Could Sniper sneak up in two-horse Oscar race?
      744 26 The Best Picture prize appears locked in a race between dark comedy Birdman and coming-of-age drama Boyhood AFP Los Angeles WITH only a week to go before the Oscars, the all-important Best Picture prize appears locked in a two-horse race between dark
      AFP  -  744 words
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      Lock icon Vietnam bombs transformed into NY jewellery
      745 26 The pieces made by Laos artisans are distributed by a Brooklyn startup and are sold in nearly 40 countries AFP New York FORTY years after the end of the Vietnam war, US bombs dropped along the Ho Chi Minh Trail in Laos have become
      AFP; PHOTO: AFP  -  745 words
  • Page 26 Miscellaneous
    • Miscellaneous
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      330 26 CRYPTIC CROSSWORD Across 7 Big road’s number by French sea the label’s wrong (8) 9 Awkward? That’s not right for Parisian (6) 10 Explosive by side of house for process to remove trees? (6) 11 Reduction of speed in big town is seen as a virtue (8) 12 Room for
      330 words