The Business Times, 25 February 2015

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Total Pages: 46
1 18 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G C ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 Wednesday, February 25, 2015G
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  • DAILY DIGEST
    • Article
      Lock icon Investments proposed for Budget 2015
      34 1 in the Singapore startup ecosystem are welcomed by entrepreneurs and venture capitalists here, even as concerns over their limitation in scope and challenges in implementation linger. TOP STORIES 2
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    • Article, Illustration
      Lock icon The Federal Reserve
      51 1 is preparing to consider interest rate hikes “on a meeting by meeting basis”, Fed chair Janet Yellen tells a congressional committee, in a subtle change of emphasis in how the Fed has been speaking about its plans for the first interest rate increase since 2006. TOP STORIES
      51 words
    • Article
      Lock icon Eurozone finance ministers
      38 1 agree in a conference call that a Greek request for a bailout extension can now go ahead, subject to approval by member state parliaments, the European Commission vice-president for the euro says. TOP STORIES 5
      38 words
    • Article
      Lock icon Casino stalwart Genting Singapore’s
      37 1 game sheet for the final quarter disappoints with net profit falling 36 per cent to S$89.2 million, no thanks to low luck factor and a shrinking pool of VIP gamblers. COMPANIES MARKETS 6
      37 words
    • Article
      Lock icon The US Department of Justice
      28 1 and the Commodity Futures Trading Commission are investigating at least 10 major banks for possible rigging of precious metals markets. BANKING FINANCE 13
      28 words
  • Article
    Lock icon More tax hikes ‘inevitable, but not imminent’
    1047 1  -  Observers say there is still room to strengthen Singapore’s revenue base, whether by taxing more income earners or by raising the GST rate BUDGET 2015 By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore BUDGET 2015’s surprise hike in top personal income tax rates reflects the
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  • Article
    Lock icon MARKETS
    26 1 Tuesday Change STI 3,437.61 +16.31 KL COMP 1,818.68 +9.29 NIKKEI 225 18,603.48 +136.56 HANG SENG 24,750.07 -86.69 SHENZHEN B Closed DOW (11am EST) 18,184.73 +67.89
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  • Article, Illustration
    Lock icon Magnus Bocker not renewing contract; exit set for end-June
    907 1  -  The Swede is leaving amid widespread unhappiness over a moribund stock market; SGX mounts search for replacement CEO By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore MAGNUS Bocker is leaving Singapore Exchange (SGX), much the same way that he had joined in 2009.
    PHOTO: REUTERS  -  907 words
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      Lock icon Page 1 Advertisements Column 1
      74 1 Hill 8 '*****1 *****4 HOCK LOCK SIEW will CDL be able to pull off new growth strategy? companies MARKETS 7 IN-MARKET DEALS MONEY MATTERS Asia-Pacific’s pension funds find new ways to spend ‘risk budget’ EXECUTIVE MONEY 27 Do bank mergers within the same market work? STRAIT TALK Boom time ahead
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  • TOP STORIES
    • Article
      Lock icon Entrepreneurs, venture capitalists hail venture debt initiative
      794 2  -  But a key challenge lies in having enough banking partners take part in the risk-sharing programme BUDGET 2015 By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore INVESTMENTS in the Singapore startup ecosystem proposed for Budget 2015 were welcomed by entrepreneurs and venture capitalists (VCs) here,
      794 words
    • Article
      Lock icon Share of govt revenue from COE, ARF to rise to 10%
      591 2  -  By Samuel Ee samuelee@sph.com.sg Singapore COE premiums and registration taxes together will account for 10 per cent of the total revenue the government collects in FY2015, up from 8 per cent the year before. Vehicle quota premiums of S$
      591 words
    • Article, Illustration
      Lock icon CPF makes investing simple for older workers
      566 2  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore FINANCIAL planning and investment practitioners say the Central Provident Fund (CPF) changes introduced in this year’s Budget will boost retirement adequacy and make investing for older workers straightforward. This is since those aged 55 and above can
      PHOTO: YEN MENG JIIN  -  566 words
    • Article
      Lock icon As expected, impact of Budget 2015 on S-Reits is minimal
      588 2  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore SINGAPORE real estate investment trusts (Reits) welcomed the extension of tax incentives on Tuesday, with the FTSE ST Reit index rising a modest 0.6 per cent to 804.29. Analysts had expected as much that
      588 words
    • Article
      Lock icon Budget ‘helps construction sector, but challenges remain’
      739 2  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore THE parts of Budget 2015 relevant to the construction sector bode well for it in the long term, as they herald a continued focus on infrastructure development and a raising of skills sets, say industry observers and
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    • Article, Illustration
      Lock icon Fed mulling over hike on ‘meeting by meeting’ basis
      849 4 Yellen’s remarks signal subtle change of emphasis in how the Fed has been speaking about its plans for the first interest rate increase since 2006 REUTERS Washington THE Federal Reserve is preparing to consider interest rate hikes “on a meeting by
      REUTERS; PHOTO: REUTERS  -  849 words
    • Article, Illustration
      Lock icon Sibor rises to 0.734% – almost double the year-ago rate
      480 4  - Sibor rises to 0.734% almost double the year-ago rate Economists expect it to reach near one per cent by the year-end on US dollar strength By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE key three-month Sibor or Singapore interbank offered rate continues to rise; at 0.734 per cent on Tuesday,
      Source: Bloomberg  -  480 words
    • Article
      Lock icon Feb consumer confidence down
      562 4 LATEST US DATA REUTERS BLOOMBERG New York US consumer confidence fell more than expected in February, pulling back from a multi-year high, according to a private sector report released on Tuesday. The Conference Board, an industry group, said its index of consumer attitudes fell to 96.4
      REUTERS; BLOOMBERG  -  562 words
    • Article, Illustration
      Lock icon Eurozone backs Greek reform plan, aid extension
      954 5 Greece’s government waters down campaign promises to halt privatisations, boost welfare spending and raise the minimum wage REUTERS Brussels GREECE secured a four-month extension of its financial rescue on Tuesday when its eurozone partners approved a reform plan that backed down on key
      REUTERS; PHOTO: REUTERS  -  954 words
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  • Page 4 Advertisements
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      80 4 BIGGEST D993I1 iil WAREHOUSE 28 FEB -1 HARISAT-SUN) 11am 6pm 3 Kallang Junction, Singapore *****5 STOCK CLEARANCE AT HEAVILY MARKED DOWN PRICES 0 /0 Selected pieces at off- I f HOW TO GET HERE BY BUS© Bus Services 21,26,31.853.961,985 V<.enQ Roof' opP e m Aperia M® allan Pico Creative Centre
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  • Page 5 Advertisements
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      291 5 “Being the Employer of Choice is our organisational goal. This includes hiring on merit, which widens our talent pool, contributing to business growth. As a pledge signer, TAPER supports us with a range of advisory services in fair employment practices.” “Retaining and attracting good talent is crucial to a business.
      291 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Genting Q4 net down as pool of VIP gamblers shrinks
      665 6  -  But in the mass market slot, where margins are better and less volatile, the tables are turning in its favour By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore CASINO stalwart Genting Singapore’s game sheet for the final quarter disappointed with net profit
      665 words
    • Article
      Lock icon Trek’s full-year profit surges on revenue jump
      361 6  -  By Fiona Lam fionalam@sph.com.sg Singapore TECH company Trek 2000 International on Tuesday posted a 152.7 per cent surge in net profit to US$2.55 million for the full year ended Dec 31, 2014, from 2013’s US$1 million. The improvement in net profit attributable to
      361 words
    • Article
      Lock icon Chip Eng Seng’s Q4 earnings more than quadruple to S$167.6m
      366 6  -  By Prisca Ang prisang@sph.com.sg Singapore STRONG contributions from its property developments have boosted the earnings of Singapore-based property and construction group Chip Eng Seng Corporation. The group posted a 383.9 per cent increase in net profit to S$ 167.6 million
      366 words
    • Article
      Lock icon Nobel Design Q4 profit up 47% at S$9.4m
      259 7  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore NOBEL Design Holdings’ net profit for the fourth quarter ended December 2014 rose 47 per cent, from S$6.43 million to S$9.42 million on the back of revenue jumping 20 per cent to S$44.8 million. For the
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    • Article, Illustration
      Lock icon Will CDL be able to pull off new growth strategy?
      1078 7  -  HOCK LOCK SIEW BY KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT CITY Developments Ltd (CDL) executive chairman Kwek Leng Beng is not one who is shy to express his views. Back in 2006/2007, he had stated that the group wanted to be a
      LUDWIG ILIO  -  1,078 words
    • Article, Illustration
      Lock icon STI / Catalist
      62 8 STI Catalist Straits Times index Feb 24,2015 3,437.61 +16.31 (+0.48%) Current streak 1 day Day high 3,437.61 Day low 3,415.91 52-week high 3,444.57 (Feb 11,2015) 52-week low 3,057.20 (Mar 20, 2014) ftse ST Catalist index Feb 24,2015 714.03 +0.86 (+0.12%) Current streak 1 day Day high 716.56 Day low 712.44
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    • Article, Illustration
      Lock icon Local stocks rise with hope of a Greek fix
      573 8  -  Blue chips turn in solid session while softer crude palm oil prices hit commodity counters TTSTOCKS By Kenneth Lim kenlim@sph.com.sg @KennethLimBT SINGAPORE stocks followed regional markets higher on Tuesday in anticipation of progress in the Greek debt crisis. Commodity counters also
      Source: Bloomberg  -  573 words
    • Article
      Lock icon STI STOCKS
      313 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 248 +4 250/243 263 213 5.7 6270.3 CapitaLand 362 -1 362/358 371 268 13.3 2.5 *****.9 CapitaMall Trust 216 +4 217/210 226 186.5 5 7493.1 CityDev 1030 cd -3 1039/1023 1118 907
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    • Article
      Lock icon MOST ACTIVE
      35 8 VOLUME Golden Agri-Res 60,098,500 IHC 54,728,400 Noble 34,597,800 SIIC Environment 31,353,300 PNEMicron 30,866,900 Market volume 1,164,834,000 VALUE SingTel 102,764,814 DBS Grp 81,614,002 OCBC Bank 61,413,460 UOB 60,832,588 Keppel Corp 50,692,647 Market value 1,245,318,000
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    • Article
      Lock icon SGX ETFs
      111 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap Nikko AM STI ETF 347 -1 4305 349/347 422/311 346/350 8.4 IS MS India US$ US798 -1 168 800/795 1000/580 794/797 99.8 Lyxor Taiwan US119.9 +0.1 96 120/119.2 123.6/101.2 119.4/120 28.5 DBXT MSPHILS US$ US225 -0.7
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Feb 24 VALUE CLOSE BT OB/OS -275.00 -11.00 BT CADI -*****.00 +36.00 BT 10-day MA -*****.00 -28.00 FTSE ST Mid Cap 782.40 +0.94 FTSE ST Small Cap 495.08 +1.32 FTSE ST All Share 824.71 +3.33 FTSE ST China Top 193.83 +1.81 FTSE ST China 236.49 +1.85 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      34 8 STI FTSE ST All-Share ftse ST All-Share index Feb 24,2015 824.71 +3.33 (+0.41%) Current streak 1 day Day high 824.71 Day low 820.70 52-week high 827.11 (Feb 11,2015) 52-week low 745.24 (Mar 20, 2014)
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      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE Index Feb 23,2015 1,874.42 +7.69 (+0.41%) Current streak 4 days Day high 1,874.42 Day low 1,861.99 52-week high 1,995.49 (July 3, 2014) 52-week low 1,697.01 (Jan 7, 2015)
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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 9 2 3 0 0 0 9 2 3 Manufacturing 49 46 35 6 5 12 55 51 47 Commerce 16 17 31 2 4 5 18 21 36 Tpt/Stor/Comms 18 10 10
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 32,797 32,797 115,558 115,558 Manufacturing 196,832 70,395 267,227 107,703 6,128 113,832 Commerce 68,988 9,261 78,249 102,792 537 103,329 Tpt/Stor/Comms 129,463 275 129,738 247,673 20 247,694 Finance 30,237 19 30,256 227,248 4 227,252 Construction 43,786 4,960
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    • Article
      Lock icon GAINERS
      79 8 BY CENTS CLOSE UP 52w high/low IS S&P500 US$ ***** 611.1 2.2 *****/***** GLD US$ ***** 74.9 0.5 *****/***** DBXT MSTaiwan US$ 2263 72.1 2.4 2322/1937 DBXT MSPacXJp US$ 521 24.5 3.6 571/499 Lyxor AsiaRE US$ 997 17.7 1.3 1008/839 BY PERCENTAGE CLOSE UP 52w high/low Cedar Strategic 0.3
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    • Article
      Lock icon LOSERS
      76 8 BY CENTS CLOSE DOWN 52w high/low JMH USD 6439 -151.1 -1.7 6788/5481 DBXT MSTHAI US$ 2132 -40.8 -1.4 2225/1761 DBXT Chia50 US$ 3468 -31.3 -0.7 3516/2577 Jardine C&C 4285 -30.0 -0.7 4901/3695 DBXT MSINDIA US$ 1121 -25.9 -1.7 1148/827 BY PERCENTAGE CLOSE DOWN 52w high/low NKY *****MBePW*****3 0.6 -68.4
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 8 VOL CLOSE($) CHANGE AEM 550.0 0.041 -0.020 -32.79 MYP 950.3 0.245 +0.030 +13.95 Edition 374.0 0.024 -0.003 -11.11 Full Apex 621.7 0.046 -0.015 -24.59 Colex 154.0 0.280 +0.020 +7.69 Foreland FabriT 908.0 0.008 -0.001 -11.11 Natural Cool 70.0 0.115 -0.015 -11.54 HLH 11,264.9 0.017 +0.002 +13.33 Cedar Strategic
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    • BROKERS’ TAKE
      • Article
        Lock icon Sarine Technologies
        163 8 Buy Feb 24 close: S$2.80 Target price: S$3.13 Maybank Kim Eng Research, Feb 24 FY14 net profit of US$27.2 million (S$37 million) met our expectations, but was slightly below the market’s US$28.8 million. We understand Indian manufacturers have reduced their output by 20 to 30 per cent. Sarine
        163 words
      • Article
        Lock icon Noble Group
        228 8  -  Compiled by Chan Yi Wen Overweight Feb 24 close: S$1.06 Target price: S$1.50 Morgan Stanley Research, Feb 23 WE forecast Noble Group’s 2014 net income of US$527 million, up 45 per cent year-on-year. However, the bulk of the year-on-year improvement was seen in H1 FY14, off depressed H1
        228 words
    • Article
      Lock icon CALENDAR
      29 8 DATA I 8.00 pm (Feb 25) US MBA Morgage Applications I 1.00 pm (Feb 26) Singapore Industrial Production Index I 9.30 pm (Feb 26) US Initial Jobless Claims
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    • Article
      Lock icon Greenback hits 2-week high against yen
      456 9 CURRENCIES REUTERS London THE US dollar rose to a two-week high against the yen on Tuesday ahead of testimony by Federal Reserve chief Janet Yellen, which should show whether the US central bank is on track to raise interest rates later this year. As
      REUTERS  -  456 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Feb 24 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.979 4.851 0.686 6.015 48.283 99.975 0.925 8.618 2.822 1.042 78.890 34.383 1.056 9.045 0.738 24.543 25.264 0.502 0.775 Canada 1.022 4.956
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        Lock icon HANG SENG
        2 9
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        Lock icon NIKKEI
        1 9
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        Lock icon SHANGHAI COMPOSITE
        2 9
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        Lock icon DOW JONES
        2 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Feb 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0554 1.0556 0.7754 0.7755 Canadian dollar 1.0782 1.0786 0.7924 0.7921 Euro 1.5394 1.5399 1.1310 1.1313 NZ dollar 1.0127 1.0134 0.7440 0.7445 Sterling pound 2.1010 2.1017 1.5436 1.5440
        155 words
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        Lock icon US$/S$ FORWARD RATES
        22 9 Feb 24 S$ Bid Offer 1-month 1.3622 1.3626 2-months 1.3629 1.3634 3-months 1.3636 1.3642 6-months 1.3654 1.3656 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        205 9 Feb 24 Most active Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Ezion MB eCW*****2 7.9 -0.7 6450 0.4 135 9 OCBC Bk MB eCW*****3 12 -0.3 5833 0.2 1050 6 Compact Metal Indus W*****0 2.6 0.2 3949 1
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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 23 Index Change Change Change Change Change Change World Preliminary 1335.8 0.1 4.7 0.1 6.1 0.1 3.5 EAFE Preliminary 1065.7 0.5 8.0 0.4 8.3 0.4 5.6 Europe Preliminary 1502.0 0.6 8.7
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        369 9 Feb 24 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.39 *****.48 *****.98 Mar15 *****.00 *****.00 *****.00 *****.00 ***** *****8 Jun15 *****.00 *****.00 *****.00 *****.00 765 7639 MSCI TAIWAN INDEX FUTURES SPOT 354.45 358.59 354.45 Feb15 358.00 359.60 356.50 358.70 0 ***** Mar15 357.80
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Feb 24 $S Offer Bid 0vernight 0.39 0.20 1-month 0.6875 0.5625 2-months 0.6875 0.5625 3-months 0.75 0.625 Overnight mode: 0.75 US$ 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
        154 words
      • Article
        Lock icon SIBOR
        36 9 Feb 24 (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 1.***** Source: Thomson Reuters
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      • Article
        Lock icon GOVERNMENT SECURITIES
        71 9 Feb 24 Feb 24 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.78 102.85 102.78 5-Year N*****0H 1.625 01-Oct-19 99.8 99.85 99.85 10-Year NY*****H 3.000 01-Sep-24 105.9 106.20 105.45 15-Year NY*****E 2.875 01-Jul-29 102.64 102.28 102.28 20-Year NZ*****V 3.375
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        254 9 Feb-23 Price Net change change Last Trade Agricultural Feb-23 CBOT Soybeans (US cents/bu) 999.25 0.00 0.00% 13/03/2015 CBOT Soybean Oil (US cents/lb) 31.14 -0.34 -1.08% 13/03/2015 CBOT Wheat (US cents/bu) 505.75 -4.50 -0.88% 13/03/2014 Feb-23 LIFFE Cocoa (£/tonne) 2042.00 4.00 0.20% 16/03/2015 LIFFE Coffee (US$/tonne) 1915.00 -27.00 -1.39%
        254 words
    • Article
      Lock icon 1MDB’s bonds trading at risk premiums of junk bonds
      729 10 State-owned group needs to show progress in asset sales and avoid fire-sale prices to regain market confidence BLOOMBERG Singapore 1MALAYSIA Development Bhd’s bonds are trading like junk as investors seek greater clarity over the state investment fund’s plans to wind down
      BLOOMBERG  -  729 words
    • Article
      Lock icon Wheelock’s Q4 loss widens, but profit up 7.7% for FY14
      261 10  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore LUXURY property developer Wheelock Properties (Singapore) saw its net loss for the quarter ended December 2014 widen from S$91.3 million to S$ 103.1 million. Revenue for the quarter fell 7.2 per cent, from S$28.98
      261 words
    • Article, Illustration
      Lock icon Transport operators up on announced infrastructure investment
      342 10  -  HOT STOCK By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore TRANSPORT operators got a boost on Tuesday after the finance ministry announced plans for a major reinvestment in Singapore's infrastructure including vast improvements in public transport to meet Singapore's future economic and social needs. ComfortDelGro
      Source: Bloomberg  -  342 words
    • Article
      Lock icon TSE orders firms to appoint at least 2 outside directors
      276 10 REUTERS Tokyo COMPANIES listed on the Tokyo Stock Exchange (TSE) must have at least two outside board members from June, the bourse’s operator said, under new rules aimed at improving corporate governance and attracting foreign investors. Japan Exchange Group chief
      REUTERS  -  276 words
    • Article
      Lock icon Wilting consumer sentiment in Malaysia tilts ad expenditure
      541 10  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur POOR consumer sentiments, made worse by weak property sales and the twin Malaysia Airlines tragedies, took a toll on advertising expenditure (adex) last year, giving media companies little to cheer about. Not much is expected of
      541 words
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      Lock icon Page 6 Advertisements Column 1
      349 6 STProperty EVE CITS STPROPERTY SEMINAR: Strategies to Capitalise on Opportunities and Avoid Pitfalls in the Property Market 2015 Date: Saturday Sunday 18- 19 April 2015 Venue: SUNTEC Singapore Convention Exhibition Centre Level 3 Rooms 300-304 308-312 Time: 11.00am to 4.00pm Registration starts at 10.30am All prices are inclusive of GST
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      417 7 Professional Development for Directors 2015 Singapore Institute of Directors (SID) is the national association of company directors. It seeks to continually raise professional standards and the effectiveness of boards and directors. FOR ASPIRING AND NEW DIRECTORS SID’s professional development curriculum is specially designed to meet the spectrum of the developmental
      417 words
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  • Page 10 Advertisements
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      81 10 This announcement appears as a matter of record only The Baring Asia Private Equity Fund VI A private equity fund formed to invest in buyouts and growth financings of companies in Asia. Baring Asia advises private equity funds with more than US$9 billion of committed capital. These funds provide long-term
      81 words
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  • REAL ESTATE
    • Article
      Lock icon Aozora to raise 50b yen from Japan banks for real estate funds
      460 12 The Tokyo bank, which targets 2-3% annual returns, says response from lenders is encouraging BLOOMBERG Tokyo AOZORA Bank Ltd will set up funds for Japanese regional lenders to invest as much as 50 billion yen (S$571.5 million) in
      BLOOMBERG  -  460 words
    • Article, Illustration
      Lock icon India’s retail dilemma: too few nice malls
      700 12 Many centres struggle to draw shoppers or retailers because of poor design or inefficient management REUTERS New Delhi A SEVERE shortage of attractive malls has made setting up shop in India easier said than done, crimping expansion plans for both foreign retailers such
      REUTERS; PHOTO: REUTERS  -  700 words
    • Article
      Lock icon Homes sell so fast in Stockholm that buyers bid before public showing
      784 12 BLOOMBERG Stockholm SWEDES eager to buy a home in Stockholm must play by a new rule: Bid on the apartment before it is shown to the public. The pace of housing sales in the capital city has quickened
      BLOOMBERG  -  784 words
    • Article
      Lock icon Land area for new China housing drops 25% in 2014
      155 12 REUTERS Beijing THE area of land used in new property developments in China fell by a quarter last year compared with 2013, state news agency Xinhua said on Tuesday, highlighting the extent of the country’s housing downturn. Land allocated to
      REUTERS  -  155 words
  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      216 12 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements Budget 2015 Solving tomorrow’s problems today How will this year’s Budget impact you and your business? Join us at our annual seminar where we will share our perspectives on the Budget and explain its implications
      216 words
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  • BANKING & FINANCE
  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      1648 13 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 SPITFIRE CONSULTANTS PTE. LTD. Company Regn No *****0780M (In Members’ Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50,
      1,648 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon BHP Billiton H1 profit almost halves
      660 14 World’s biggest miner has been hard hit by falling prices for its two main commodities, iron ore and oil AFP Sydney GLOBAL mining giant BHP Billiton on Tuesday said that its first-half net profit almost halved to US$4.26 billion on the back of collapsing
      AFP; PHOTO: BLOOMBERG  -  660 words
    • Article, Illustration
      Lock icon France warns of nuclear industry shake-up after Areva’s expected loss
      742 14 NYT Paris FRANCE’S energy minister said on Monday that an overhaul of the country’s state-controlled nuclear energy industry was imminent, after one of the country’s main builders of nuclear power plants warned of a loss that could hamper its ability
      NYT; PHOTO: AFP  -  742 words
    • Article
      Lock icon Hedge funds, money managers raise bullish oil bets as drillers idle rigs
      805 14 US rigs have tumbled 35% since Dec 5 to the fewest since 2011, outlays for exploration to fall by more than US$116b in 2015 BLOOMBERG Houston SPECTATORS raised bullish oil bets for the first time in five weeks
      BLOOMBERG  -  805 words
    • Article
      Lock icon EU reviews Cargill’s US$440m deal for ADM chocolate unit
      311 14 REUTERS Brussels THE European Commission said on Monday it had opened an in-depth investigation into Cargill’s planned acquisition of Archer Daniels Midland Co’s chocolate business, citing concerns the deal could lead to higher prices. The EU executive said it had until
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    • Article
      Lock icon Oil turns lower in Asia, US crude stays below US$50
      307 14 AFP Singapore OIL turned lower in Asia on Tuesday as a feeble rebound failed to take hold, with prices under pressure in an oversupplied market. US benchmark West Texas Intermediate (WTI) for April delivery was down 29 US cents to
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      413 14 THE BUSINESS TIMES NOTICES Taptt Asian Pay Television Trust (Registration Number *****05) (a business trust registered under the Business Trusts Act, Chapter 31A of Singapore) NOTICE OF BOOKS CLOSURE AND PAYMENT DATE FOR THE DISTRIBUTION FOR THE PERIOD FROM 1 OCTOBER 2014 TO 31 DECEMBER 2014 NOTICE IS HEREBY GIVEN
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Wall St, law firms plan to bolster online security
      910 15 They discuss setting up legal group affiliated with the banking industry’s Financial Services Information Sharing and Analysis Center NYT New York THE threat of ever-larger online attacks is bringing together Wall Street banks and the big law firms that do work
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    • Article
      Lock icon FCC plan to legislate equal Internet access to all raises passions
      819 15 Supporters of ‘net neutrality’ rules stress importance of freedom while others say the move will stifle innovation AFP Washington US REGULATORS meet on Thursday to vote on rules aimed at heading off Internet “fast lanes”, although it may not
      AFP  -  819 words
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      211 15 THE BUSINESS TIMES Ik ~Ty^\ r I 1 M I 1 Toll free 1800-289-8822 I fl I I Email notices@sph.com.sg B i j L J www.sphclass.com.sg/notices IN THE MATTER OF The Companies Act, Cap. 50 AND IN THE MATTER OF (1) PNE AQUACULTURE PTE. LTD. (IN CREDITORS’ VOLUNTARY LIQUIDATION) (Co.
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      606 15 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF BRENTWOOD VENTURES PTE. LTD. (MEMBERS’ VOLUNTARY LIQUIDATION) REGNO. *****2115Z NOTICE OF RESOLUTIONS The Members’ Resolutions set out below were duly passed at an Extraordinary General Meeting of the abovenamed Company deemed to be duly held on
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      1101 15 Everbright Water CHINA EVERBRIGHT WATER LIMITED (Company Registration No.: *****) (Incorporated in Bermuda) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT a Special General Meeting of China Everbright Water Limited (the “Company”) will be held at Ballroom 3 Lower Lobby, Fullerton Hotel, 1 Fullerton Square, Singapore *****8 on
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  • CONSUMER
    • Article
      Lock icon J&J to pay more to settle suits over hip implants
      815 16 Its DePuy unit agrees to extend deadline for new settlements over defective devices, pushing total compensation to US$3b BLOOMBERG Delaware JOHNSON Johnson agreed to pay as much as US$420 million more to resolve lawsuits over recalled hip implants that were
      BLOOMBERG  -  815 words
    • Article, Illustration
      Lock icon Charlie Hebdo to print 2.5m copies after Denmark shooting
      775 16 BLOOMBERG Paris CHARLIE Hebdo, the French satirical weekly attacked in January by two self-proclaimed Islamists, publishes a new issue on Wednesday under heavy police protection. The first edition to be published after similar attacks in Denmark, has on its cover a
      BLOOMBERG; PHOTO: AFP  -  775 words
    • Article
      Lock icon Better science behind new dietary guidelines
      892 16 NYT New York FOR decades, many dietary recommendations have revolved around consuming a low percentage of daily calories from fat. It has been widely thought that doing so would reduce one’s chance of having coronary heart disease. Most of the evidence for that recommendation
      NYT  -  892 words
    • Article
      Lock icon Macau casino shares fall on plan to review number of mainland visitors
      289 16 BLOOMBERG Singapore GALAXY Entertainment Group led declines in casino shares after a senior Macau official said the city wants to study restrictions on mainland Chinese tourists to ease overcrowding. The government will approach China’s central government in Beijing
      BLOOMBERG  -  289 words
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      Lock icon Amex ‘anti-competitive’ but ruling may not help consumers
      1218 17 US federal judge’s ruling may bring lower card company fees for retailers, but not necessarily gains for consumers NYT New York LAST week, a federal judge handed down a major ruling against American Express, deciding that the brand-name card issuer had engaged
      NYT; PHOTO: BLOOMBERG  -  1,218 words
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      63 16 FREE 300Pages of Instructional Notes Date 15 March 2015 (Sun) Time 9.00am 5.00pm Venue SPH News Centre (Auditorium) 1000 Toa Payoh North, Singapore *****4 Fee S$48 (1 ticket) S$76 (2 tickets) Presented to you by http://notice.shareinvestor.com/ciup*****5 For more enquiries, please contact Tel: (65) 6517 8777 Email: accounts@shareinvestor.com All forms of
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  • GOVERNMENT & ECONOMY
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      Lock icon Carney pledges to return inflation to 2%
      913 18 Pound strengthens to a seven-year high versus the euro after Bank of England governor’s comments BLOOMBERG London BANK of England (BOE) governor Mark Carney said that policymakers can look beyond the current bout of weak inflation as he pledged to return price growth
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    • Article
      Lock icon German economy gets boost from consumers, exports
      573 18 inflation rate of 0.9 per cent. BLOOMBERG, REUTERS Frankfurt GERMANY restored its position as Europe’s economic powerhouse last quarter as domestic spending surged and trade contributed to growth. Gross domestic product (GDP) in the region’s largest economy expanded 0.7 per cent in the
      inflation rate of 0.9 per cent. BLOOMBERG, REUTERS  -  573 words
    • Article
      Lock icon ECB masks risk to euro area corporate debt
      383 18 investors too optimistic about effects of monetary stimulus, says mutual fund BLOOMBERG Warsaw INVESTORS are too optimistic about the effects of the European Central Bank’s (ECB) monetary stimulus on the single-currency region’s corporate Eurobonds, according to War-saw-based mutual fund Millennium TFI SA.
      BLOOMBERG  -  383 words
    • Article
      Lock icon France to double fund to help local authorities with Swiss franc surge
      332 18 REUTERS Paris FRANCE will double a fund designed to help local authorities deal with structured loans, raising it to three billion euros (S$4.6 billion) following a surge in value by the Swiss franc, the Budget Ministry said on
      REUTERS  -  332 words
    • Article
      Lock icon Indonesia to crack down on corporate tax avoidance
      581 19 It suspects companies are using transfer pricing to reduce profits earned in Indonesia REUTERS Jakarta INDONESIA will crack down on corporate tax avoidance via transfer pricing this year to try and recoup 200 trillion rupiah (S$21 billion) in lost state income, mainly
      REUTERS  -  581 words
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      Lock icon HK budget goodies seen for labour market, the low-income
      428 19 Measures could include a salary tax rebate, a waiver on property rates, raising tax allowance for parents REUTERS Hong Kong HONG Kong is expected to unveil measures to support low-income families and boost the city’s labour market in its annual budget
      REUTERS  -  428 words
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      Lock icon HK mulls over limiting number of Chinese tourists
      521 19 AFP Hong Kong HONG Kong’s leader said on Tuesday that the government is looking to restrict the number of Chinese tourists entering the city, following a public backlash over the influx of mainland visitors. The announcement came after a leading travel body
      AFP; PHOTO: REUTERS  -  521 words
    • Article
      Lock icon NZ economy seen growing 3% this year amid global uncertainty:forecast
      486 19 XINHUA REUTERS Wellington THE New Zealand economy will grow by about 3 per cent this year, in spite of slowing demand from its main export markets of China and Australia, an independent economic think-tank forecast on Tuesday. The economy was
      XINHUA; REUTERS  -  486 words
    • Article
      Lock icon Elderly in HK vie for jobs as Asia’s worst ageing crisis looms
      607 19 WP Hong Kong EIGHTY-SIX years old and still job hunting. Wong Siu-ying had to stop passing out leaflets when she hurt her knee in August. But with two-thirds of her social security income spent on rent and no
      WP  -  607 words
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      Lock icon BOJ chief gets needed ally in war on deflation
      701 20  -  The Lower House approves Yutaka Harada as member of its Policy Board; Upper House is expected to do the same By Anthony Rowley btworld@sph.com.sg Tokyo BANK of Japan (BOJ) governor Haruhiko Kuroda on Tuesday received what is expected to be strong
      701 words
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      Lock icon Abe turns to TPP trade talks veteran to lead farm ministry
      707 20 Yoshimasa Hayashi re-appointed five months after successor quits over donations scandal BLOOMBERG Tokyo PRIME Minister Shinzo Abe tapped a veteran of regional trade talks as his new agriculture minister as Japan seeks to wrap up an agreement this year
      BLOOMBERG; PHOTO: REUTERS  -  707 words
    • Article
      Lock icon Russia, India, Turkey among central banks likely to ease rates
      475 20 US, Brazil, Mexico, Nigeria poised to raise rates this year BLOOMBERG London AN already busy year for interest rate cuts from central banks is likely to get busier. And you might even see some rate increases, too. The countries poised
      BLOOMBERG  -  475 words
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      Lock icon Denmark’s currency loses appeal for top commercial fund
      530 20 BLOOMBERG Copenhagen THE return on krone-denominated assets is now so low that Denmark’s biggest commercial fund no longer finds them attractive. Central bank efforts to prevent the krone strengthening beyond the limits of its peg to the euro have forced it to
      BLOOMBERG  -  530 words
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      24 18 Stay up-to-date with our stories, analysis and infographics btd.sg/budget_15 Budget 2015 BusinessTimes.com.sg BTofeital Available on the get it on B AppStore play thebusinesstimes btbreakingnews
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  • TRANSPORT
    • Article
      Lock icon Boom time ahead for equipment suppliers, yards
      757 21  -  Ballast Water Management Convention 2004 is now imminent with ratification from 44 states representing nearly 33% of global tonnage STRAIT TALK BY DAVID HUGHES FOR quite a while, shipping industry organisations have been warning that shipowners would face a surge in costs to
      757 words
    • Article
      Lock icon US West Coast ports work to clear biggest ship backlog since 2004
      735 21 BLOOMBERG Los Angeles THE two busiest US seaports are facing their largest backlog of ships in more than a decade, even with hundreds of dock employees returning to work over the weekend after their union reached a tentative
      BLOOMBERG  -  735 words
    • Article, Illustration
      Lock icon US industry lobbyists take aim at proposed FAA drone rules
      818 22 They plan to convince regulators that cutting-edge technologies make some of the limitations unnecessary REUTERS Washington BUSINESSES hoping to capitalise on the commercial potential of drones are preparing to push back against proposed regulations that would strictly limit how the
      REUTERS; PHOTO: BLOOMBERG  -  818 words
    • Article
      Lock icon UN panel urges more drone use in peacekeeping missions
      412 22 REUTERS Washington A UNITED Nations panel assessing the future technological needs of peacekeeping missions has recommended dramatically expanding the use of unmanned surveillance drones in UN military operations, the head of the panel said on Monday. Jane Holl Lute, who was
      REUTERS  -  412 words
    • Article
      Lock icon AirAsia, ANA offer support for Skymark: minister
      258 22 BLOOMBERG Tokyo AIRASIA and ANA Holdings have both applied to support Skymark Airlines, the Japanese carrier that filed for bankruptcy protection in January, Transport Minister Akihiro Ohta said on Tuesday. Briefing reporters after a Cabinet meeting in Tokyo, Mr Ohta said he doesn’t
      BLOOMBERG  -  258 words
    • Article
      Lock icon Hitachi to buy Italian rail firms for US$2.1b: reports
      338 22 AFP Tokyo HITACHI will buy the rail and traffic signal businesses of Italy’s Finmeccanica for an estimated US$2.1 billion, reports said on Tuesday, as the Japanese firm looks to expand overseas and challenge major international railways firms. The Italian defence and
      AFP  -  338 words
    • Article, Illustration
      Lock icon India’s logistics firms expand as e-commerce market booms
      827 22 BLOOMBERG Mumbai ABOUT five years ago, e-commerce didn’t mean much for India’s biggest package shipping company. With a boom in online shopping now in the nation of 1.2 billion people, Blue Dart Express is expanding. The unit of DHL Express is adding
      BLOOMBERG; PHOTO: BLOOMBERG  -  827 words
  • Page 21 Advertisements
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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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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    1897 23 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 OCEAN SEAGULL 42 60 9/3 10/3 14/3 16/3 MALAYSIA STAR 43 50 10/3
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      107 23 Experienced shf p 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|5iiSnartime.coM Ahoy there! If you are in a business pertaining to any sector
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  • OPINION
    • Article
      Lock icon US policy of ‘strategic patience’ needs to have credible backing
      508 24 US President Barack Obama has outlined the main principles driving his foreign policy in a new National Security Strategy (NSS) document released this month. In it, he proposed a nuanced American response to a series of threats, ranging from the
      508 words
    • Article
      Lock icon More evidence that HSBC is now too big to regulate
      957 24  -  TTTHE BOTTOM LINE By Mark Gilbert BLOOMBERG VIEW THERE’S nothing necessarily illegal about setting up a company in Panama into which you channel your bonus payments. There’s similarly nothing inherently dubious about living in Hong Kong, having Hong Kong citizenship,
      BLOOMBERG VIEW  -  957 words
    • Article, Illustration
      Lock icon Towards an Asia-style monetary framework
      1295 24  -  Many methods for shoring up financial and monetary stability now practised by central banks around the world were tried and tested in the region over the past 20 years. BY JULIA LEUNG BY BY JULIA LEUNG T The writer, former undersecretary for financial services and
      PHOTO: BLOOMBERG  -  1,295 words
    • Article
      Lock icon A budget for SG50: going local to go global
      903 25  -  While this year calls for celebration, the government has avoided overly generoushandouts in the 2015 Budget but presented a very measured response to the global and domestic issues facing the nation. SINGAPORE BUDGET 2015 By Tan Tay Lek T The writer
      903 words
    • Article, Illustration
      Lock icon Is oil returning to US$100 or dropping to US$10?
      719 25  -  By Martin Tillier IF you have been following the price of oil over the last few months, the chances are you’re a little confused. On the one hand you have the likes of A Gary Shilling who, in a recent Bloomberg
      PHOTO: BLOOMBERG  -  719 words
    • Article, Illustration
      Lock icon Do bank mergers within the same market work?
      1033 25  -  Most in-market deals are predicated on reducing costs, a tough task given the challenges of retaining key personnel, staff severance, systems integration and political implications. BY SANJEEV NANAVATI BY SANJEEV NANAVATI T The writer is a senior adviser to two leading management
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Audience and academy move further apart
      1185 26 This year’s Oscars show fresh signs that Hollywood movie awards have become hopelessly detached from moviegoers NYT Los Angeles IN the end, it was the audience that got snubbed. Following the best picture win on Sunday night by Birdman a brainy film seen by
      NYT; PHOTOS: GOLDEN VILLAGE PICTURES, TWENTIETH CENTURY FOX  -  1,185 words
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      Lock icon Millennials still prefer print for pleasure and learning
      1200 26 Studies show the highest print readership rates are among those aged 18 to 29 WP Washington FRANK Schembari loves books printed books. He loves how they smell. He loves scribbling in the margins, underlining interesting sentences, folding a page corner to mark
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    • Article
      Lock icon Bird spit coffee? Asian firms seek global appetite for China delicacy
      369 26 REUTERS Kuala Lumpur PRIZED in China for its alleged health benefits for hundreds of years, nests made from swiftlets’ saliva are being mixed into coffee and cereal as the South-east Asian producers of the delicacy seek to broaden its
      REUTERS  -  369 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      299 26 CRYPTIC CROSSWORD Across 3 Piano works—Aida, for instance? (5,5) 8 Realise one can do this at the bank (6) 9 Rebuke Simon had brought about (8) 10 Having retired, little woman retrospectively retains value (8) 11 Quick doctor’s in river! (6) 12 Space for painting needed by dull little apartment
      299 words
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  • EXECUTIVE MONEY
    • Article
      Lock icon Wall St’s best stock pickers pin rut on Fed
      1183 27 They say the easy money climate artificially inflates prices of lower-quality stocks, punishing those who focus on businesses with the best fundamentals BLOOMBERG Boston ROBERT D’Alelio has the kind of long-term record every mutual fund manager aspires to, beating 98 per
      BLOOMBERG  -  1,183 words
    • Article, Illustration
      Lock icon Asia-Pacific’s pension funds find new ways to spend ‘risk budget’
      828 27 Direct loans, real estate and single-manager hedge funds are the top alternative asset types that pension funds in Asia-Pacific are using to accelerate their growth. BY KEVIN WONG MONEY MATTERS The writer is senior vice president and head of Sector
      828 words
    • Article
      Lock icon Mutual funds net buyers of S’pore plays in Nov-Feb
      466 27 MUTUAL funds were net buyers of Singapore stocks for the three months to Feb 18. Based on transactions in the top five stocks, net buys totalled about S$ 1.51 billion, compared to net sells of about S$1.05 billion. This week we
      466 words
    • Article, Illustration
      Lock icon The future may be cheaper than thought
      974 28  -  Economists have consistently overestimated and thus overstated interest payments on 10-year Treasury bonds. The systemic error in their model should be removed By Jared Bernstein NYT New York GOVERNMENT economists try to predict the future of lots of indicators, including Gross Domestic Product
      NYT; PHOTO: REUTERS  -  974 words
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      95 28 The world’s No.1 CFD provider* offers extended trading hours on 30 key US stocks. Take the next step in trading at IG.com.sg Losses can exceed your initial investment. Ensure you understand the risks and costs involved with CFD and FX trading by reading the Risk Disclosure Statement at IG.com.sg. Issued
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  • WHO’S WHO IN PRIVATE BANKING
    • Article, Illustration
      Lock icon GROWING BUSINESS
      1557 1  -  Private banks experienced a solid 2014 with strong net new money inflows and in 2015, they see opportunity amid volatility and an uncertain macro environment.BY SIOW LI SEN environment.BY SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT A SIA’s private banks, especially the global players, had a great 2014 even as
      PHOTO: BLOOMBERG  -  1,557 words
    • Article, Illustration
      Lock icon Finding the right balance
      1175 2  -  When assisting clients in shaping the overall risk profile of their investment portfolios, private banks need to be prudent in using investment leverage and derivative solutions as these are not without pitfalls. BY LIM SOON CHONG BY LIM SOON CHONG T The writer is head of
      1,175 words
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      Lock icon Commitment from generation to generation
      755 2  -  By Raj Sriram T The writer is deputy CEO and head of Private Banking, Asia, BSI Bank IT’S well known that the number of high net worth individuals (HNWIs) in Asia is growing faster than any other region in the world, with Singapore at the
      PHOTO: ST  -  755 words
    • Article, Illustration
      Lock icon A year to widen your investment horizons
      730 2  -  By Steve Brice T The writer is chief investment strategist, Wealth Management Group at Standard Chartered Bank 2015 IS shaping up to be quite a volatile year for financial markets. Oil prices ploughed new lows after losing more than half of their value
      730 words
    • Article, Illustration
      Lock icon Digitalising in the new era
      1175 3  -  Technology is changing the way people consume financial services, and private banks have to reinvent themselves to capture this unique and lucrative opportunity. BY FRANCESCO DE FERRARI opportunity.BY FRANCESCO DE FERRARI T The writer is head of Private Banking Asia Pacific, Credit Suisse THE global
      PHOTO (LEFT): REUTERS  -  1,175 words
    • Article, Illustration
      Lock icon Consider using universal life insurance in succession planning
      1189 3  -  By Lee Woon Shiu T The writer is Lee Woon Shiu, head of Wealth Planning (Trust Insurance), Bank of Singapore A LARGE portion of Asia’s economic success can be attributed to entrepreneurs, a majority of whom are very hands-on in managing their
      1,189 words
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      Lock icon Eyeing Asian and emerging markets
      896 4  -  They come with both opportunities and risks, but key factors for investors to note are Chinese policy, clarity on US Fed moves and the greenback’s strength. BY SEAN TAYLOR BY SEAN TAYLOR T The writer is regional investment head apac, head of emerging markets at
      PHOTO: REUTERS  -  896 words
    • Article, Illustration
      Lock icon Overcoming key challenges in family office investing
      754 4  -  By Bassam Salem T The writer is chief executive officer, Citi Private Bank, Asia Pacific FAMILY offices (FOs) are as unique as the families they serve. Many also share very similar characteristics that have made them successful entities in their own right. However,
      754 words
    • Article, Illustration
      Lock icon What investors should know about risk-based investment products
      827 4  -  By Neo Teng Hwee T The writer is chief investment officer, head of Investment Products and Solutions, UOB Private Bank IN THE world of investments, risk is often characterised as undesirable but necessary in the pursuit of higher returns. But history has
      827 words
    • Article, Illustration
      Lock icon Realising the investment potential of China firms
      826 5  -  While the potential returns are attractive, there are challenges and pitfalls to overcome.BY overcome.BY VICTOR CHOI T The writer is head of markets investment solutions in Asia, Credit Agricole Private Banking CHINA’S investment potential since the opening of its economy has enticed many
      PHOTO: REUTERS  -  826 words
    • Article, Illustration
      Lock icon Diversifying effectively in a divergent market
      615 5  -  By Raymond Ang T The writer is regional market manager, Singapore, and managing director, UBS Wealth Management at UBS Singapore IN THIS diverging world with increased volatility, investing in the current market environment is increasingly challenging. In addition to geopolitical tensions and falling oil
      615 words
    • Article, Illustration
      Lock icon Global trends to influence Asian financial assets
      890 5  -  By Didier Duret T The writer is chief investment officer, ABN Amro Private Banking THERE are two global phenomena that we believe will influence the behaviour of Asian financial assets: central bank actions and low oil prices. Monetary policy adjustments could create moderate
      PHOTO: AFP  -  890 words
  • Page 1 Advertisements
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      164 1 LIST OF BANKS ABN AMRO Bank NV Private Banking PAGE 6 Bank of Singapore Ltd International Private Bank PAGE 7 BNP Paribas Wealth Management PAGE 8 BSI Bank Asia PAGE 9 Citi Private Bank PAGE 10 Credit Agricole (Suisse) SA −Private Banking PAGE 1 1 Credit Suisse AG PAGE 12
      164 words
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      831 6 Rising Above Volatility Diversification. This is the key advice that ABN Amro Private Banking will give to its clients, as markets face greater volatility this year. Didier Duret Chief Investment Officer, ABN AMRO Private Banking “Rule number one is to be more diversified than usual, because of the cross currents
      831 words
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      919 7 Access To One-Stop Banking Services With Bank of Singapore If you are a high net worth individual with a successful business, chances are you need an advisor who can structure your private investments, help manage your wealth, put together your estate plan, direct your charitable giving, help open a deposit
      919 words
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      1399 8 BNP Paribas Wealth Management Global Insights 2015 BNP Paribas Wealth Management, known for its strong investment team, extensive advisory and discretionary platform in Asia, discusses the key themes driving the financial market in 2015. The forces driving financial markets in 2015 are very different from previous years. New opportunities have
      1,399 words
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      639 9 A deeply personal approach “At the heart of BSI’s client promise is our commitment to a tailored, bespoke service and nothing can be more personal than helping a client prepare for retirement and even for death. It may sound trite but these plans must reflect the things most important to
      639 words
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      736 10 During an age when technology can help you to execute and spot opportunities faster and information is ever abundant, our two centuries of banking experience tells us that clients seek insights over information and strive for simplicity when managing their lives and their wealth. Though technological innovation can provide that
      736 words
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      493 11 Hans Diederen Head of Asia Region Crédit Agricole Private Banking The Credit Agricole group’s presence in Singapore dates back more than 110 years through Banque de l'Indochine demonstrating the bank’s stability and regional expertise. Thanks to our deep rooted presence and our firm commitment to the region, we gained a
      493 words
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      824 12 Private Banking and Wealth Management is a Core Business Credit Suisse has a track record in Private Banking going back more than 150 years. Founded in 1856 with headquarters in Zurich, Switzerland, it operates as an integrated bank, with its Private Banking and Wealth Management as well as Investment Banking
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      719 13 <TU X 3V W bp****-' ■4*: <*- Acquisition propels DBS as a leading wealth manager in Asia In March 2014, DBS announced its USD220 million purchase of the private banking business of Societe Generale in Singapore and Hong Kong (SGPB Asia), as well as selected parts of its trust business.
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      874 14 Left to right: Kwong Kin-Mun, Ravi Raju, Anurag Mahesh. Our values encapsulate our approach to client service and this drives our people's interaction with clients, with each other and with the communities that we serve. Ravi Raju Head of Deutsche AWM, Asia Pacific We should talk Deutsche Asset Wealth Management:
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      967 15 Enjoying steady growth in Asia In Asia, EFG Bank has built up assets under management of CHF 16 billion in 15 years, or about CHF 1 billion a year EFG Bank, a member of EFG International’s global family of private banking businesses, celebrates its 15th year in Asia and Singapore
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      1180 16 A passion to serve the ultra-rich Standard Chartered possesses a keen understanding of family dynamics and an ability to advise and execute across a range of business and private wealth needs, says Stephen Richards Evans, global head of Standard Chartered Private Bank’s ultra high net worth segment Stephen Richards Evans,
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      723 17 Stay invested through volatile times The global search for yield will result in opportunities in Europe and Asia, says UOB Private Bank Chief Investment Officer and Head of Investment Products and Solutions, Neo Teng Hwee Risk assets, in particular stocks and bonds, continue to be worth holding in a volatile
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      1073 18 UBS Wealth Management Bringing you a world of opportunities Celebrating 150 years in banking, 50 years of serving clients in Asia. With over 150 years of wealth management expertise, UBS has steadily grown to be the largest and fastest-growing wealth manager in the region and the rest of the world.
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