The Business Times, 27 February 2015

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Microfilm: NL33375
Total Pages: 38
1 38 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 C ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 Friday, February 27,2015
    24 words
  • DAILY DIGEST
    • Article
      Lock icon The GSH Corporation-led consortium
      32 1 that acquired the former Equity Plaza last year is getting ready to launch, in the next few weeks, strata office units in the 28-storey building. TOP STORIES 4
      32 words
    • Article, Illustration
      Lock icon Homegrown startup Zopim
      28 1 acquired last year by New York-listed customer-service firm Zendesk, unveils its newly expanded Singapore office, which is also Zendesk’s new Asia-Pacific headquarters. TOP STORIES 6
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    • Article
      Lock icon Astaka Padu, a pure Iskandar
      31 1 developer that is making its way to the Singapore Exchange through a backdoor listing, aims to complete its first mixed-use project by 2020. COMPANIES MARKETS 7
      31 words
    • Article
      Lock icon Malayan Banking’s net profit
      29 1 for the year ended Dec 31, 2014 rises 2.2 per cent to RM6.72 billion (S$2.53 billion), thanks to a strong second-half run. BANKING FINANCE 20
      29 words
    • Article
      Lock icon US consumer prices
      36 1 in January post their biggest drop since 2008 as petrol prices continued to tumble, which could give a cautious Federal Reserve ammunition to keep interest rates low a bit longer. GOVERNMENT ECONOMY 26
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    • Article
      Lock icon Asian investment in European
      37 1 hotels is forecast to rise by 58 per cent to hit US$22.7 billion this year, driven by the increasing liberalisation of domestic controls governing outbound investment, CBRE research has found. REAL ESTATE 27
      37 words
    • Article
      Lock icon A consortium comprising Changi
      29 1 Airports International (CAI), the Russian Direct Investment Fund (RDIF) and Russia-based Basic Element has won a tender to acquire shares in Vladivostok International Airport. TRANSPORT/32
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  • Article
    Lock icon MARKETS
    27 1 Thursday Change STI 3,426.18 -14.65 KL COMP 1,820.87 +5.01 NIKKEI 225 18,785.79 +200.59 HANG SENG 24,902.06 +123.78 SHENZHEN B 1,107.28 +7.98 DOW (11am EST) 18,217.66 -6.91
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  • Article, Illustration
    Lock icon Dismal start to 2015 for manufacturing
    784 1  -  Q1 GDP growth could come in under 2%; some economists see higher risk of further MAS easing in April By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore IT was a slow and disappointing start to 2015 for Singapore’s manufacturing sector, which grew less than expected in
    Source: Singapore Economic Development Board (EDB)  -  784 words
  • Article
    Lock icon Noble says Iceberg author a former staff; group posts US$240m Q4 loss
    839 1  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore NOBLE Group has fingered a former employee as the person behind Iceberg Research, as it reported on Thursday its first quarterly loss in three years due to a heavy impairment charge on
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      120 1 Hill 8 '*****1 *****4 CHANGES ATTHE TOP Ex-JPMorgan exec takes over as StanChart CEO in June top stories 2 AWARDS Creating a great place to work, grow BEST EMPLOYERS 13-14 GENEVE Creator of dreams Y/rm/fAe/ LADY Self-winding Gold with 12 rotating diamond solitaires, 0.30ct each Rotating pave semi-dial Diamond solitaire-set
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      Lock icon Page 1 Advertisements Column 2
      9 1 S’PORE DESIGN WEEK Time to think design LIFESTYLE 38
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      20 1 ONLINE ONLY Read Boardroom Matters, a series of articles from the Singapore Institute of Directors, on BTinvest every Friday btd.sg/BMatters
      20 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon StanChart picks ex-JPMorgan man to take the helm in June
      960 2  -  Temasek welcomes Bill Winters as Peter Sands’ replacement, adding that board renewal must continue By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore STANDARD Chartered has appointed former JPMorgan executive Bill Winters to replace Peter Sands as group chief executive, the bank
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    • Article
      Lock icon Evidence shows offer for Keppel Land is reasonable: KPMG
      566 2  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore INDEPENDENT financial adviser KPMG Corporate Finance says the offer by Keppel Corp to take its real estate subsidiary Keppel Land private is not fair on an intrinsic value basis but there is evidence to suggest
      566 words
    • Article, Illustration
      Lock icon Lee Kuan Yew still sedated in ICU
      572 2  -  91-year-old misses Tanjong Pagar Chinese New Year dinner for third straight year By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore FORMER prime minister Lee Kuan Yew is still in intensive care at the Singapore General Hospital (SGH), said the Prime Minister’s Office (PMO) on Thursday
      PHOTO: DESMOND FOO/THE STRAITS TIMES  -  572 words
    • Article
      Lock icon Correction
      57 2 IN “NOL to sell APL Logistics to Japan’s KWE for US$1.2b”, (BT, Feb 18), we wrongly reported that NOL estimates the fair value of its logistics business to be US$1.7 billion. The US$1.7 billion figure is the FY2014 revenue of the logistics business. There was no estimate of fair
      57 words
    • Article, Illustration
      Lock icon DBS’s old-style touch to usher in the Year of the Goat
      288 4  -  By Arthur Lee arthurl@sph.com.sg Singapore “THE goat is a sturdy, hardworking and capable animal and I am confident that it will be able to carry us through the year.” Peter Seah, chairman of DBS, said. He was speaking at
      PHOTO: ARTHUR LEE  -  288 words
    • Article
      Lock icon Strata office units at GSH Towers slated for sale soon
      628 4  -  Sizes to range from 440 sq ft to 1,600 sq ft; indicative pricing at S$2,900-3,600 psf By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE GSH Corporation-led consortium that acquired the former Equity Plaza last year is getting ready to launch, in
      628 words
    • Article
      Lock icon Malaysia to dish out more incentives for foreign investment
      332 4 BLOOMBERG Kuala Lumpur MALAYSIA will increase incentives for companies to relocate operations to the country as it seeks more foreign investments to bolster growth. Approved direct investments rose to a record 235.9 billion ringgit (S$89 billion) last year from 219.4 billion
      BLOOMBERG  -  332 words
    • Article, Illustration
      Lock icon Zendesk opens Asia-Pac headquarters in Singapore
      593 6  -  Just a year shy of buying S’pore startup Zopim, Zendesk has expanded the scope of its S’pore office By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore HOMEGROWN live-chat startup Zopim, acquired last year by New York-listed customer-service firm Zendesk, on Thursday unveiled its newly-expanded Singapore office,
      PHOTO: YEN MENG JIIN  -  593 words
    • Article
      Lock icon January household spending, retail sales in Japan seen falling
      460 6 BOJ easing yet to convince consumers of inflation ahead REUTERS Tokyo JAPANESE households cut spending further and retail sales fell for the first time in seven months in January, data on Friday is likely to show, a sign the central bank’s
      REUTERS  -  460 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      256 2 Budget Seminar 2015 Solving Tomorrow’s Problems Today How will this year’s Budget impact you andyour business? Wednesday, 4 March 2015, The Ritz-Carlton, Millenia Singapore y > V Join us at our annual seminar where we will share our perspectives on the Budget and explain its implications for individuals and businesses.
      256 words
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      273 4 J 3 mins walk Novena Medical Center/ Mount Elizabeth Premier Gateway To Health City Novena 33-storey mixed-use development comprising shopping, dining, medical and Courtyard by Marriott Hotel, Novena, Singapore k 1 mm walk Novena MRT Station/ Velocity® Novena Square Novena Hospital 3 mins walk Health City Novena [el MRT 2
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      109 5 We can stay ahead of the competition It is not easy to pull off a successful event. To remain competitive, we have invested in new technology and enrolled staff for skills upgrading. The tax savings (or grants) from the Productivity and Innovation Credit Scheme has allowed us to improve our
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      175 6 anap Ian hubls) Planning never stops. Be Unstoppable At Anaplan, we believe that seeing where you've been is good. Knowing where to go is absolutely paramount. We believe you should be able to answer every "what-if" for Sales, Finance and Operations instantly. From evaluating acquisitions to changing pipelines to reorganising
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    • Advertisement
      Lock icon Page 6 Advertisements Column 2
      548 6 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices Dynamic Businesses Require New ICT Support Id Expo 2015 Highlights Start-ups and Features Solutions for All Industries Businesses around the world are facing different challenges that shape the way they operate. In the
      548 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Pure Iskandar developer on its way to list on SGX
      913 7  -  Its reverse takeover of E2 Capital is set to complete in Q2; first mixed-use project to finish by 2020 By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore ASTAKA Padu, a pure Iskandar developer that is making its way to the Singapore Exchange
      913 words
    • Article
      Lock icon RHT Holdings prepares to list on Catalist
      469 7  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE holding company owned by the equity partners of law firm RHTLaw Taylor Wessing LLP has started the process for its proposed listing on the Catalist board of Singapore Exchange. The move is a first by a
      469 words
    • Article, Illustration
      Lock icon A different ballgame for United Envirotech?
      930 7  -  HOCK LOCK SIEW BY CHAN YI WEN yiwenc@sph.com.sg @ChanYiWenBT NEWS of the intended acquisition of United Envirotech by Chinese conglomerate Citic has created excitement in the company, the market’s reason being that United Envirotech stands a chance of joining the league of SIIC Environment
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    • Article, Illustration
      Lock icon Revaluation gains lift Banyan’s Q4 profit
      443 8  -  Revenue down 6% as fee-based and hotel investment segments post lower sales By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore LIFTED by revaluation gains from its properties in Seychelles, resort operator Banyan Tree chalked up a 13 per cent year-on-year rise in net profit to S$4.13
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    • Article
      Lock icon Thai Beverage net profit for FY14 up 13.4%
      435 8  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore THAI Beverage’s net profit for the full year ended December rose 13.4 per cent to 21.69 billion baht (S$908 million) from 19.13 billion baht. Revenue rose 4.0 per cent, from 155.77 billion baht to 162.04 billion
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    • Article
      Lock icon Swee Hong gets order against proceedings
      275 8  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore LISTED contractor Swee Hong on Thursday said it had on Feb 25 obtained an order from the High Court which restrains further proceedings in any action against the company for six months. This follows its announcement two weeks
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    • Article
      Lock icon Rickmers Maritime posts DPU of 0.6 US cents in Q4
      387 8  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore RICKMERS Maritime posted a distribution per unit (DPU) of 0.6 US cents similar to the corresponding quarter a year ago. Amount to be distributed also came in flat, at US$5.08 million. For the quarter
      387 words
    • Article
      Lock icon UOL sees challenging Singapore outlook, diversifies overseas
      790 8 By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore UOL Group, which saw net profit for 2014 dragged by lower fair value gains, flagged a more challenging outlook this year for the residential and retail sectors in Singapore, citing it as a reason for its recent
      790 words
    • Article
      Lock icon YHS net falls 22% to S$13.3m in Q4
      240 8  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore YEO Hiap Seng’s (YHS) net profit for the three months ended Dec 31, 2014 fell 22 per cent from S$ 17.1 million to S$ 13.3 million, mainly due to an absence of net profit from its
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    • Article, Illustration
      Lock icon MMA Offshore eyes global market out of Singapore
      786 9  -  Tuas shipyard converted to O&G mobilisation area; Batam facility to focus on newbuilds By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore AUSTRALIA-LISTED MMA Offshore, fresh from a rebranding exercise, is banking on its new Singapore office to drive the next phase of growth for
      786 words
    • Article
      Lock icon AIA Singapore posts 22% rise in new premiums in 2014
      546 9  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore AIA Singapore, a subsidiary of Asia’s third-largest life insurer group by market value, posted a strong set of full-year financial results. The insurer on Thursday said it recorded a 22 per cent rise in
      546 words
    • Article
      Lock icon QAF full-year profit up 49% to S$45.1m
      446 9  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore A SIGNIFICANT improvement in its pork business meant that QAF Limited reported a net profit of S$4 5.1 million for the full year ended Dec 31, 2014, up 49 per cent from S$30.2 million in 2013. Revenue
      446 words
    • Article
      Lock icon Hong Leong Finance warns SMEs of headwinds
      390 9  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore HONG Leong Finance on Thursday warned of uncertainties and challenges among small and medium-enter-prises amid the restructuring toll. “Business models and processes have to change, thus creating new avenues of financing for small companies,” Hong Leong said
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    • Article
      Lock icon Centurion Corp’s Q4 net profit swells to S$72.9m on fair value gains
      423 9  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore CENTURION Corporation’s net profit for the fourth quarter ended December soared to S$72.9 million from S$26.9 million a year ago, bumped up by a S$40.3 million fair value gain on its investment
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    • IN BRIEF
      • Article
        Lock icon Amara full-year earnings up
        64 9 amara Holdings posted a net profit of S$35.3 million for the full year ended December 2014, up 32 per cent from a year ago. Revenue dipped 6 per cent to S$75.9 million. Fair-value gain on investment was 65 per cent higher at S$19 million. A dividend
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      • Article
        Lock icon Hotel Royal Q4 profit higher
        110 9 HOTEL Royal’s net profit for the fourth quarter ended December jumped from S$849,000 to S$2.82 million on the back of revenue increasing 27.2 per cent from S$12.6 million to S$16 million. This was mainly due to additional contribution from the newly acquired Burasari Resort in
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      • Article
        Lock icon Better Q4 for Baker
        99 9 BAKER Technology’s net profit for the three months ended December rose 55 per cent, from S$4.19 million to S$6.48 million. Revenue rose 88 per cent, from S$15.4 million to S$28.9 million. For the full year ended December, the company, which manufactures specialised marine offshore equipment and
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      • Article
        Lock icon Innovalues Q4 profit jumps
        83 9 INNOVALUES Ltd, a manufacturer of customised precision machine parts and components, saw it Q4 net profit jump from S$955,000 to S$5.4 million. Revenue rose 19 per cent, from S$23.4 million to S$27.9 million. For the full year, net profit rose 82.2 per cent, from S$8.7 million
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      • Article
        Lock icon Interra posts Q4 loss
        126 9 OIL and gas exploration and production player Interra Resource posted a net loss of US$12.1 million for the fourth quarter ended December, from a net profit of US$3.8 million a year ago. Revenue increased 15 per cent, from US$13.7 million to US$15.7 million. For the full
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    • Article, Illustration
      Lock icon STI / Catalist
      62 10 STI Catalist Straits Times Index Feb 26,2015 3,426.18 -14.65 (-0.43%) Current streak 1 day Day high 3,439.29 Day low 3,417.47 52-week high 3,444.57 (Feb 11, 2015) 52-week low 3,057.20 (Mar 20, 2014) FTSE ST Catalist Index Feb 26,2015 714.14 +1.79 (+0.25%) Current streak 1 day Day high 716.27 Day low
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    • Article, Illustration
      Lock icon Banks, Jardine push STI down 14.65 points
      647 10  -  Turnover dips below the S$1-1.1b average of the past week there is speculation that the market is settling back to its familiar slow state STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT PRESSURE on the banks and Jardine stable on Thursday meant that the Straits
      Source: Bloomberg  -  647 words
    • Article
      Lock icon STI STOCKS
      312 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 247 -4 252/246 263 213 5.8 6245 CapitaLand 360 -4 366/359 371 268 13.2 2.5 *****.4 CapitaMall Trust 213 unch 214/210 226 186.5 5.1 7389 CityDev 1035 cd -1 1041/1032 1118 907
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    • Article
      Lock icon MOST ACTIVE
      36 10 VOLUME Digiland Intl 115,221,000 Golden Agri-Res 65,317,200 IHC 48,481,600 Genting Sing 38,804,000 Xpress 27,460,000 Market volume 1,268,700,000 VALUE SingTel 76,391,320 DBS Grp 62,462,226 Global Logistic 50,532,781 UOB 42,711,933 OCBC Bank 41,131,610 Market value 959,916,000
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    • Article
      Lock icon SGX ETFs Most Active
      110 10 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 342 -3 204 344/341 349/305 341/342 IS MS India US$ US803 -1 182 809/796 1000/580 799/803 100.4 DBXT MSRussia US$ US200 +5 70 200/199 302/140 202/203 UETF SSE50China 228 66 228/217 238/140 228/229 71.3
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Feb 26 VALUE CLOSE BT OB/OS -182.00 -48.00 BT CADI -*****.00 -47.00 BT 10-day MA -*****.00 -18.00 FTSE ST Mid Cap 785.43 -2.44 FTSE ST Small Cap 494.53 -1.45 FTSE ST All Share 823.05 -3.29 FTSE ST China Top 192.11 -0.90 FTSE ST China 234.15 -0.79 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 10 STI FTSE ST All-Share ftse ST All-Share index Feb 26,2015 823.05 -3.29 (-0.40%) Current streak 1 day Day high 826.06 Day low 821.53 52-week high 827.11 (Feb 11, 2015) 52-week low 745.24 (Mar 20, 2014)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 10 STI MSCI EAFE MSCI EAFE index Feb 25,2015 1,884.08 +3.42 (+0.18%) Current streak 6 days Day high 1,888.37 Day low 1,878.83 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 GAINERS
      76 10 BY CENTS CLOSE UP 52w high/low DBXT iBoxxSvEu US$ ***** 170.4 0.5 *****/***** DBXT MSAsExJp US$ 3687 91.9 1.9 3808/2802 DBXT iBoxxUSTr US$ ***** 90.6 0.3 *****/***** GLD US$ ***** 78.4 0.5 *****/***** DBXT China50 US$ 3537 73.0 1.6 3537/2577 BY PERCENTAGE CLOSE UP 52w high/low Moya Asia 4.6
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 6 7 0 0 0 3 6 7 Manufacturing 39 52 28 6 7 8 45 59 36 Commerce 15 18 25 4 4 2 19 22 27 Tpt/Stor/Comms 8 23 9
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,063 19,063 56,367 56,367 Manufacturing 136,283 34,275 170,558 74,527 3,385 77,912 Commerce 170,225 30,700 200,925 39,140 985 40,125 Tpt/Stor/Comms 119,074 874 119,948 188,353 129 188,482 Finance 20,217 4,037 24,254 166,178 962 167,140 Construction 45,635 5,457
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    • Article
      Lock icon LOSERS
      75 10 BY CENTS CLOSE DOWN 52w high/low JMH USD 6520 -121.7 -1.4 6788/5481 Jardie C&C 4295 -54.0 -1.2 4901/3710 DBXT MSCHINA US$ 1415 -23.0 -1.2 1438/1119 HongkongLand USD 751 -20.3 -2.0 830/612 DBXT Vietnam US$ 2700 -14.9 -0.4 3100/2403 BY PERCENTAGE CLOSE DOWN 52w high/low China Env Res 2.6 -62.9
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    • Article
      Lock icon UNUSUAL ACTIVITY
      79 10 VOL CLOSE($) CHANGE Moya Asia 20,881.6 0.046 +0.019 +70.37 Cogent 3,831.8 0.420 +0.045 +12.00 SingMedical 1,030.0 0.126 -0.018 -12.50 Albedo 17,466.3 0.009 +0.002 +28.57 TalkMed 123.0 1.020 +0.070 +7.37 Lizhong Wheel 30.1 0.230 -0.025 -9.80 Darco Water Tech 4,052.4 0.024 +0.002 +9.09 Select 169.4 0.410 -0.035 -7.87 GKE
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    • BROKERS’ TAKE
      • Article
        Lock icon Chip Eng Seng Corporation Not rated
        216 10 Feb 26 close: S$0.975 Target price: NA UOB Kay Hian Research, Feb 26 IN the recent 2015 Budget, it was announced that foreign workers’ levy increase for the construction sector will be deferred by one year. We think this is a slight positive for
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      • Article
        Lock icon StarHub | Hold
        244 10  - StarHub Hold Compiled by Clian VI Wen Feb 26 close: S$4.31 Target price: S$4.50 CIMB Research, Feb 26 Q4 FY14 core net profit fell by 3.6 per cent quarter-on-quarter due to higher handset subsidies. FY14 was in line at 100 per cent/102 per cent of our consensus forecasts. As expected,
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    • Article
      Lock icon CALENDAR
      22 10 I (Feb 27) Singapore Business Receipts Index I (Feb 27) Singapore Bank Lending I 9.30pm (Feb 27) US GDP Price index
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    • Article
      Lock icon Aussie, NZ dollars move in opposite directions
      441 11 CURRENCIES REUTERS London THE Australian and New Zealand dollars were the main movers among major currencies on Thursday, pushed in opposite directions by contrasting signals on the health of two struggling economies. Two days of testimony from US Federal Reserve chief Janet Yellen
      REUTERS  -  441 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Feb 26 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.977 4.924 0.693 6.101 48.733 101.081 0.935 8.626 2.823 1.038 80.140 34.670 1.064 8.990 0.747 24.663 25.452 0.506 0.787 Canada 1.024 5.042
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        Lock icon HANG SENG
        2 11
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      • Article, Illustration
        Lock icon NIKKEI
        1 11
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 11
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      • Article, Illustration
        Lock icon DOW JONES
        2 11
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Feb 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0633 1.0639 0.7865 0.7868 Canadian dollar 1.0890 1.0893 0.8055 0.8055 Euro 1.5349 1.5356 1.1353 1.1356 NZ dollar 1.0239 1.0247 0.7573 0.7578 Sterling pound 2.1002 2.1013 1.5534 1.5540
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Feb 26 S$ Bid Offer 1-month 1.3526 1.3529 2-months 1.3532 1.3536 3-months 1.3542 1.3549 6-months 1.3560 1.3568 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        202 11 Feb 26 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left OCBC Bk MB eCW*****3 11.5 -0.7 4444 0.2 1050 6 FTSEChinaA50 ***** MBeCW*****8 16.9 3 2810 0.0 3 FTSEChinaA50 ***** MBeCW*****8 10.3 1.8 2470 0.0 3 Albedo
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 11 In local curr In S$ In US$ dy yr dy yr dy yr Feb 25 Index Change Change Change Change Change Change World Preliminary 1340.1 0.0 5.0 -0.2 6.2 0.1 3.9 EAFE Preliminary 1069.4 -0.1 8.4 -0.1 8.5 0.2 6.2 Europe Preliminary 1506.9 -0.1 9.1
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        380 11 Feb 26 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.87 *****.83 *****.13 Mar15 *****.00 *****.00 *****.00 *****.00 ***** *****2 Jun15 *****.00 *****.00 *****.00 *****.00 252 8180 MSCI TAIWAN INDEX FUTURES SPOT 360.58 360.58 356.68 Mar15 360.60 361.50 357.80 358.10 ***** *****1 Apr15 360.00
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    • BANK RATES
      • Article
        Lock icon SIBOR
        36 11 Feb 26 (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 INTERBANK RATES
        154 11 Feb 26 $S Offer Bid 0vernight 0.10 0.05 1-month 0.6875 0.5625 2-months 0.6875 0.5625 3-months 0.85 0.75 Overnight mode: 0.50 US$ 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 GOVERNMENT SECURITIES
        69 11 Feb 26 Feb 26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.81 102.86 102.85 5-Year N*****0H 1.625 01-Oct-19 100.16 10-Year NY*****H 3.000 01-Sep-24 106.91 107.05 106.50 15-Year NY*****E 2.875 01-Jul-29 104.5 104.60 103.70 20-Year NZ*****V 3.375 01-Sep-33 110.56
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        246 11 Feb-25 Price Net change change Last Trade Agricultural Feb-25 CBOT Soybeans (US cents/bu) 1007.75 -8.25 -0.81% 13/03/2015 CBOT Soybean Oil (US cents/lb) 31.71 0.29 0.92% 13/03/2015 CBOT Wheat (US cents/bu) 497.75 -8.00 -1.58% 13/03/2014 Feb-25 LIFFE Cocoa (£/tonne) 2000.00 -48.00 -2.34% 16/03/2015 LIFFE Coffee (US$/tonne) 1850.00 -34.00 -1.80%
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      96 7 KnightFrank.com .sg For Sale by Expression of Interest Address 42 Changi South Street 1 Singapore *****3 Description Single storey factory with 2-storey office annex located within the vicinity of Changi South industrial estate. Suitable for B2 industrial uses. Land Tenure JTC lease 30 yrs w.e.f 1 July 1996 with an
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      101 8 B L > V three FEAST ON THE FLAVOURS OF PENANG Available for lunch from 12:00pm to 2:30pm Head to Triple Three for your fill of much-loved flavours from the food capital of Malaysia! Making a regular addition to Triple Three’s international buffet selection are authentic, all-time Penang favourites such
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      62 9 o 111 1 In tosh 6 McIntosh MC452 Superlative Stereo Power Amplifier Hand-crafted in the USA We would like to thank all our customers for their support, and would like to wish them a Happy and Prosperous Lunar New Year! From the management and staff of ONG RADIO Live the
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  • BEST EMPLOYERS 2015
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      Lock icon Creating a great place to work, grow
      778 13 This year’s Aon Hewitt Best Employers awards see a new category for SMEs.REPORTS Y CHUANG PECK MING Bonus payouts and salaries have never been factors that Aon Hewitt considered explicitly in picking winners for its est Employers award, which is handed out every
      PHOTO: YEN MENG JIIN  -  778 words
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      Lock icon Putting people first at McDonald’s
      544 13 MCDONALD’S Singapore takes the top Aon Hewitt Best Employers award for always putting its employees first and providing them with a place like home to work and grow. “Our people have always been our most important asset, and creating a dynamic and flexible family environment
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      Lock icon Goodrich wins 1st special recognition prize for SMEs
      392 13 GOODRICH Global, a dealer in interior wall-coverings, carpets, fabrics and flooring, is the winner of Aon Hewitt’s first Best Employers Special Recognition SME prize. “It is in line with our vision to be an employer of choice among SMEs (small and medium-sized
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      Lock icon Property developer Hongkong Land focuses on staff development
      313 13 FOR Hongkong Land, the Best Employers award is an indication that the property developer’s efforts have paid off in making it a great place to work and grow careers. “Our ‘people mission’ is to provide a healthy and challenging work environment one
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      Lock icon A people company for all seasons
      637 14 ilti has invested non-stop to develop its staff, offering them opportunities through job rotation and overseas postings.REPORTS BY CHUANG PECK MING HILTI Far East never stops being a peo-ple-focused company, which is perhaps why it has won Aon ewitt’s Best Employers award for an
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      Lock icon A great place for working and healing
      348 14 FOUR years ago, Tan Tock Seng Hospital kicked off a “value-based” journey to make TTSH, as the hospital is called in short, “a great place for working, healing, learning and becoming the best”. Winning Aon Hewitt’s Best Employers award for a second time
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      417 14 MICROSOFT’S New World of Work Initiative, which lets staff work in the way that they find most productive, is starting to show the desired results in its Singapore office. Launched here about three years ago, the New World of Work has
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      Lock icon Moving from moderate to top quartile zone on the staff engage-o-meter
      554 14 ROCHE Diagnostics Asia Pacific is big on employee engagement, and has put itself up for the Aon Hewitt Best Employers award to get a measure of how deeply it is engaged. It has gone far. “On Aon Hewitt’s engage-o-meter,
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      Lock icon Best of the best in people management
      1203 15 McDonald's® Singapore, winner of Aon Hewitt's 2015 Best of the Best Employer award, has a lot to celebrate. The quick service restaurant chain earned near-perfect scores to clinch the top spot in the human resources consultancy's annual Best Employer in Singapore rankings. According
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      Lock icon Grooming global leaders at McDonald's® Singapore
      355 15 McDonald's Singapore operations, which opened its first outlet here in 1979, has produced at least nine employees who are now in regional or global roles in McDonald's Corporation. The most notable is Kenneth Chan, CEO of McDonald's China, APMEA Division President Greater China. Mr
      355 words
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      Lock icon Consistent people development is key to business sustainability
      1590 17 To win the Aon Hewitt best employers trophy for an unbroken fourth time is a big achievement, but Hilti Far East has not let that gone into its head. Obviously joyous, but the privately-owned provider of leading-edge technology to the global construction
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      199 16 Sjfcr i L -ui I ■'■■sis «r •SI "I «saj 1 5»ii I '—I ggt« 'Jr. LI, 11 11 miu 4-i i n i -Lu_u, s* r; 'lluj-i I i i i i .u. E.-Vl—LLLl I I i f |j fUjjj f —I—U j i i i i i ii
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      111 18 #empowering Thank you for making us one of Singapore's Best Employers Aon Hewitt Best Employers Singapore 2015 At Microsoft, our people have a bold ambition: to empower every person and every organization on the planet to do more and achieve more. Today, we want to thank them for making Microsoft
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  • BANKING & FINANCE
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      Lock icon Maybank’s full-year profit rises 2.2% to RM6.72 billion in 2014
      660 20  -  Big boost from 11.5% profit surge in last quarter; dividend payout totals 78.5% of net earnings By Pauline Ng btworld@sph.com.sg Kuala Lumpur A STRONG performance in the second half, particularly in the last quarter when earnings rose 11.5 per cent
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    • Article
      Lock icon Tax deal may help Swiss banks keep Italian clients
      433 20 BLOOMBERG Zurich SWISS asset managers, faced with the prospect of an exodus of Italian funds, have won a reprieve. An agreement to share tax information among the two nations signed on Monday means Italy will remove Switzerland from a black list,
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    • Article
      Lock icon HSBC bosses reject calls to quit over tax scandal
      444 20 REUTERS London HSBC bosses rejected calls from British lawmakers for them to quit over the bank’s Swiss tax scandal, but said they were having to clean up after a “terrible list” of control and compliance failings. HSBC chairman Douglas Flint and
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    • Article
      Lock icon Deutsche Bank lands JPMorgan’s Jeff Urwin for key role
      457 20 BLOOMBERG London DEUTSCHE Bank AG has poached JPMorgan Chase Co’s Jeff Urwin to help lead its investment-banking and trading unit, filling a key role at the German firm that had been empty since January. Mr Urwin, 59, replaces Robert Rankin atop
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      Lock icon Citi backs move to make it easier for shareholders to nominate directors
      306 20 REUTERS Boston CITIGROUP Inc said it will support a rule change to make it easier for shareholders to nominate directors, making it the latest large company to embrace the controversial reform. James McRitchie, a private shareholder who often
      REUTERS  -  306 words
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      33 20 THE TEKKA ATTRACTION Why people from all over Singapore shop at this market INDIA’S PEACEFUL WARRIOR GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL SHAN (*****861) KALWANT (*****327) NISHAL (*****438)
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      215 20 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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      9 20 www.omy.sg n ill LEGENDS OF THE SOUTHERN ARCH I *>•
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      982 21 ANA, Japan’s only combination carrier for both passengers and cargo, to link Asia with the world through its “Substantial Network” and “Reliable Japanese Quality” in 2015 and domestic routes at Haneda Airport so as to further strengthen transportation links between Asia and all parts of Japan. A strategic link for
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  • ENERGY & COMMODITIES
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      Lock icon EU unveils plans for historic single energy market
      699 22 Decision timely as Russia threatens to cut gas deliveries to Ukraine, putting onward supply to Europe at risk AFP Brussels THE EU unveiled plans on Wednesday for a continent-wide single energy market to reduce its uneasy reliance on Russian supplies and cut
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    • Article
      Lock icon Flooding, commodity rout slash Sime Darby Q2 earnings by 47%
      301 22 REUTERS Kuala Lumpur MALAYSIA’S Sime Darby, the world’s biggest listed palm oil producer, said second-quarter net profit slid 47 per cent, hit by a commodities rout, flooding and an oversupply of competing oilseeds. Malaysian palm oil prices, which set the
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    • Article
      Lock icon Trinidad offers Venezuela oil-for-tissue paper swap
      221 22 BLOOMBERG Caracas VENEZUELA, plagued with shortages of basic goods, was offered a reprieve by the Prime Minister of neighbouring Trinidad Tobago: exchange oil for tissue paper. Prime Minister Kamla Persad-Biss-essar suggested an oil-for-tissue swap in a news conference Tuesday following a meeting in Port
      BLOOMBERG  -  221 words
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      62 22 9 3 un 4 4 fmm I 1 f N. VS a** £1 r<5 ‘•5 Liverpool vs Manchester City Bkel Sunday 1 March 2015 8pm i I Amber Nectar at Robertson Walk Enjoy Hoffbrau Beer First 20 to receive Sonic Highways CD from Foo Fighters! i 44 ■4 4 GET
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  • TECHNOLOGY
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      Lock icon Hackers attack Lenovo website, redirect traffic
      543 24 Hijack comes soon after it apologises for installing ad software BLOOMBERG Washington LENOVO Group’s website was hijacked and users were redirected, less than a week after the company was criticised for pre-in-stalling advertising software on consumer laptops that exposed users to hacking. The company
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    • Article
      Lock icon China drops some global tech brands from list of suppliers
      881 24 Some cite Western surveillance while others say Beijing is promoting local firms REUTERS Beijing CHINA has dropped some of the world’s leading technology brands from its approved state purchase lists, while approving thousands more locally made products, in what some
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      360 24 STProperty EVENTS All prices are inclusive of GST TICKETS NORMAL 1-Day Pass 2-Day Pass $25 $40 ‘Early bird price ends 30 March 2015 Date: Saturday Sunday 18-19 April 2015 r > w— KSH SB* i i EARLY BIRD $18 $30 STPROPERTY SEMINAR: Strategies to Capitalise on Opportunities and Avoid Pitfalls
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  • CONSUMER
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      Lock icon A third of global food production goes to waste, says report
      747 25 Food waste, costing US$400b a year, becoming serious economic, environmental issue NYT Washington WITH millions of US households struggling to have enough to eat, and millions of tonnes of food being tossed in the garbage, food waste is increasingly
      NYT  -  747 words
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      Lock icon More pay for hourly-wage workers in US
      887 25 NYT New York FOR Anthony Rodriguez, every diaper for his two-year-old son means less money to put food on the table, or to fill up his car at the petrol station. Mr Rodriguez, 26, makes those trade-offs even though he already receives above-minimum
      NYT; PHOTO: NYT  -  887 words
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      806 25 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, CHAPTER 50 AND IN THE MATTER OF QVD (SINGAPORE) PTE LTD (In Members’ Voluntary Liquidation) Reg no.*****6229Z NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to section 308 of the Companies
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      760 25 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND STANRAY INVESTMENTS PTE. LTD. Company Registration No. *****6496W [IN MEMBERS’ VOLUNTARY LIQUIDATION] At an Extraordinary General Meeting of the Members of the abovenamed Company duly convened and held on 21st February 2015 at 491B River Valley Road, #13-01A Valley Point,
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      941 25 NOTICE OF INTENDED DIVIDEND Name of company Lean Alliance Pte Ltd (In Creditors’ Voluntary Liquidation) Company registration no. *****8513K Address of former registered office 1 Scotts Road #21-07 Shaw Centre Singapore *****8 Last day for receiving proofs 13 March 2015 Name of liquidators Chee Yoh Chuang and Abuthahir Abdul Gafoor
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      772 25 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF F2S3 INVESTMENT PTE. LTD. (Registration No. *****1940W) (In Member’s Voluntary Liquidation) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] An Extraordinary General Meeting of the Company deemed to have been convened pursuant to Section 179(6) of the
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  • GOVERNMENT & ECONOMY
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      Lock icon German unemployment falls to post-unification low
      302 26 AFP Frankfurt GERMAN unemployment fell in February to the lowest level since the country reunited in 1990 as growth in Europe’s biggest economy picks up, official data showed on Thursday. The number of people registered as unemployed in Germany fell by a seasonally-adjusted 20,000
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    • Article
      Lock icon Low petrol prices drag CPI down in January
      355 26 Decline largest since 2008; gauge of business investment plans rebounds LATEST US DATA down to 5.7 per cent in January. REUTERS, AFP Washington US consumer prices in January posted their biggest drop since 2008 as petrol prices continued to tumble, which could
      down to 5.7 per cent in January. REUTERS, AFP  -  355 words
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      Lock icon Q4 UK business investment slips as oil prices fall; GDP growth steady at 0.5%
      565 26 London INVESTMENT by businesses in Britain fell at its sharpest rate in nearly six years in the last quarter of 2014, hit by lower investment in the petroleum sector as global oil prices fell. As estimated
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    • Article
      Lock icon CIMB to cut about 50 jobs across Asia to reduce costs: sources
      531 26 Acting chief Zafrul Aziz gets confirmation as group CEO BLOOMBERG REUTERS Kuala Lumpur CIMB Group Holdings Bhd, Malaysia’s second-largest lender, plans to cut about 50 jobs in Asia to trim costs, people familiar with the matter said. The
      BLOOMBERG; REUTERS  -  531 words
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      1329 26 The Business Times NOTICES Toll free 1800-289-8822 Email noticesiasph.com.sg www.sphdass.com.sg/notices RICKMERS MARITIME Registration Number: *****03 (Constituted under the laws of Singapore) Managed by Rickmers Trust Management Pte. Ltd. NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Rickmers Maritime
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      134 26 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CFLPI THREE PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****5864W) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final General Meeting
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  • REAL ESTATE
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      Lock icon US developers banking on buyers of million-dollar homes
      1344 27 NYT Newtown Square, Pennsylvania LISA Gray spent a few months searching for a home that would span the generations, one where her two sons would want to bring friends throughout their teenage years and that her ageing parents could navigate with ease.
      NYT; PHOTO: AFP  -  1,344 words
    • Article
      Lock icon More Chinese developers to be downgraded: S&P
      306 27 REUTERS Hong Kong STANDARD Poor’s said on Thursday that it expects more Chinese property developers to have their credit ratings downgraded this year, and sees a growing chance they will default on their debt as the sector faces weaker sales and limited financing
      REUTERS  -  306 words
    • Article
      Lock icon More Asians investing in European hotels
      517 27  -  CBRE research attributes this to a relaxation of domestic controls on outbound funds By Fiona Lam fionalam@sph.com.sg Singapore ASIAN investment in European hotels is forecast to rise by 58 per cent to hit US$22.7 billion (S$30.7 billion) this year, driven by the increasing liberalisation
      517 words
    • Article
      Lock icon The latest investment theme in Toronto is rental apartments
      894 27 BLOOMBERG Toronto THE dreary six-storey apartment block in Toronto’s north end was nicknamed “Divorcee Towers” after the newly single who lodged at its short-stay units. Then Timbercreek Asset Management Inc moved in. The real estate investment company installed new hardwood floors,
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      Lock icon Billionaire’s Moscow office block is two-thirds empty
      887 28 The Roman Abramovich-owned complex, like others, has been hit by economy’s slump BLOOMBERG MOSCOW BILLIONAIRE Roman Abramovich’s White Gardens office complex in Moscow stands about two-thirds empty as a supply glut and the sinking Russian economy make it difficult for landlords to find
      BLOOMBERG; PHOTO: BLOOMBERG  -  887 words
    • Article
      Lock icon Household mortgage loans grow record 10.2% in Korea
      187 28 REUTERS Seoul MORTGAGE loans owed by South Korean households rose 10.2 per cent by the end of December over a year earlier, marking the fastest growth since records began in late 2008, central bank data showed on Thursday. Mortgage loans at households
      REUTERS  -  187 words
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      45 27 TOKYO FREEHOLD RESIDENTIAL BUILDING FOR SALE Prominent business and commercial center Prestigious central location ASKING PRICE JPY 1,600,000,000 Toranomon New Development Completing in Feb 2015 7-min walk to Onarimon station Site area 199.37 sq m Exclusive area 1,066.22 sq m 39 units BP No. H25A-JK.eX*****-01
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      666 28 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements CLASSIFIED D04 HOUSE FOR SALE SENTOSA Bungalow Sentosa 3½-Storey 8159 sqft,6+1 ensuite, 2 living, Pool, Lift, Berth. Also for rent. Owner 9144 0027/ 9771 6341 D17 HOUSE FOR SALE BUNGALOW Beautiful 6860/ 5200 sqf. 5+1. Freehold. Elevated land. Breezy. Greenery. Nice garden
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      54 28 D02 SHOP FOR SALE NEIL ROAD 3-Sty Conserved shop 99 yrs. Sale with tenancy 4% return. Land 1426/ 3600 sf. Opp future MRT. Co-broke @1.5% is welcome. $7M. Gary *****778 D14 OFFICE FOR RENT UBI TECHPARK Ubi Techpark. 1400 sf. Affordable Rent/ Sale. F/fitted office, nice lobby. Near MRT. Avail
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  • VEHICLES & LIFESTYLE
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      Lock icon How the experts pair diners with the right wine
      1380 29  -  By Paul Sullivan NEW YORK TIMES T HE chief executive who oversees one of the world’s most sought-after Tuscan wines was in New York this month, trying to persuade people to buy one of his less expensive brands, something that would
      NEW YORK TIMES  -  1,380 words
  • Page 29 Advertisements
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      113 29 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements CLASSIFIED BMW FOR SALE BMW 428IA CONVERTIBLE Ready Stock! Brand New BMW 428 IA Convertible M-Sport Estoril Blue. Memory package. Call now! *****866. Autopoint BMW FOR SALE BMW 528 I November 2012 BMW 528 i Sunroof, Auto tailgate, Soft door close, 10.2"
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      103 29 HONDA FOR SALE HONDA FREED 1.5 G August 2009 Honda Freed 1.5 G A, Silver, 1 Owner, Well Maintained. Call Now. *****866 Autopoint MERCEDES FOR SALE E200 SPORTS 2013 Mercs E200 Sports. Sell $168.8K. Maintained by C C. 1 owner. Yong Lee Seng Motor Pte Ltd. Please call 6844 0123/
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      88 29 PORSCHE FOR SALE PORSCHE CAYENNE TIP 3.6 Jan 08 Porche Cayenne TIP 3.6 Agt Unit. Accident Free. Upgraded Bodykit Only$119.8K. 8118 8099 PORSCHE FOR SALE PORSCHE CAYMAN 2.7 PDK Don’t Miss it! Brand New Porsche Cayman 2.7 PDK. White. G’teed COE. Call now. *****866 Autopoint TOYOTA FOR SALE TOYOTA VOXY
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      72 29 DOMESTIC HELP MAID SERVICES Chaindra Maid Agency, Singapore Prestige Class Award-Winner. Nepalese, Indian, Sri Lankan maids available. Call 6297 7172 (08C3412) ITEMS WANTED LIQUOR WANTED Highest Offer! Old and New LiquorMartel/ XO Hennessy etc./ Also wanted Korean Ginseng. Call: *****092 LAUNDRY SERVICES ISLANDWIDE SERVICES Islandwide curtain laundry pickup/ delivery. 10-10pm.
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      97 29 PETS PET CARE KOI FARM Biggest, Cheapest Largest in Singapore New arrival from Japan!! Nippon Koi Farm, No 51 Jln Lekar. Tel 6763 1882 or www.nipponkoifarm.com PETS PET CARE PET FARM Small to Medium breed. Large puppies and kitten. Food and accessories. Boarding long/ short-term. Please call 6582 3333ERICSSON: SMALL-MEDIUM
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  • OPINION
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      Lock icon Petrol companies must come clean on latest increase in prices
      531 30 THERE was a collective groan from motorists across Singapore when Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam announced a surprise increase in petrol duty towards the end of his Budget statement on Monday. EDITORIAL The duty for premium- and
      531 words
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      Lock icon Low taxes may be luxury for Hong Kong, Singapore
      772 30  -  THE BOTTOM LINE By William Pesek BEFORE now, no one would have described the leaders of Hong Kong or Singapore as Asian Robin Hoods. Both cities have earned well-deserved international reputations for high efficiency and low taxes, with income taxes topping
      772 words
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      Lock icon Extending the value chain beyond science education
      1379 30  -  There is a critical need for a supportive ecosystem to make careers in science, technology, engineering and mathematics rewarding, so as to enable innovation. BY SIR DAVID LANE innovation.BY SIR DAVID LANE T As chief scientist of A*STAR, the writer engages in Singapore’s
      PHOTO: AGENCY FOR SCIENCE, TECHNOLOGY & RESEARCH  -  1,379 words
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      Lock icon Iron Lady’s case for preserving Taiwan’s independence
      974 31  -  COMMENTARY By Anthony Rowley Tokyo LU HSIU-LIEN might be anyone's favourite aunt Aunt “Annette” (to use her Western given name). Her rather matronly, “tweedy” yet essentially kindly air conveys the impression of a caring aunt, but there is a hidden steel behind the
      974 words
    • Article
      Lock icon Greece and Europe: a family drama with major consequences
      511 31  -  By Plutarchos Sakellaris T The writer is professor at Athens University of Economics and Business and former vice-president of the European Investment Bank. T The Official Monetary and Financial institutions Forum (OMFIF) is a London-based think-tank that promotes dialogue between the
      OMFIF  -  511 words
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      Lock icon S’pore and Hong Kong must both prepare for the next lap
      446 31  -  By Divya Nair Singapore THE changes are palpable. The rapid pace of growth in Singapore is something evident to anyone who has visited the city. A port, a mega city, a financial services hub and a free economy. Singapore
      446 words
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      Lock icon Many US policymakers tilt towards trade protectionism
      1065 31 The effects of the Crash of 2008 are still being felt in 2015, with growing evidence that protectionists in Congress may block two major free trade pacts. BY HARISH MEHTA T The writer, a former BT senior correspondent, is a historian who has
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  • TRANSPORT
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      Lock icon Maersk CEO ends four-year hiatus with plan to order new ships
      668 32 BLOOMBERG Copenhagen The world’s biggest container line will order new ships for the first time in four years as the industry shakes off its worst crisis in four decades. Nils Smedegaard Andersen, the chief executive officer of AP Moel-ler-Maersk,
      BLOOMBERG; FILE PHOTO  -  668 words
    • Article
      Lock icon CAI consortium wins tender for Vladivostok airport shares
      399 32  -  Grouping will get 52.16% of OAO International Airport Vladivostok and will also fully acquire its terminal By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore A CONSORTIUM comprising Changi Airports International (CAI), the Russian Direct Investment Fund (RDIF) and Russia-based Basic Element has won a
      399 words
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      Lock icon Qantas back in the black with A$203m H1 net
      675 32  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore AUSTRALIAN flag carrier Qantas swung back into the black with a net profit of A$203 million (S$216.2 million) for the six months ended Dec 31, 2014, versus a loss of AS$235 million, as aggressive cost-cutting
      675 words
    • Article
      Lock icon Turkish Airlines plans fleet expansion after tripling profit
      405 32 REUTERS Istanbul TURKISH Airlines on Wednesday reported a near-tripling in 2014 net profit, but the company’s shares fell as analysts homed in on the impact of a weak euro on the airline’s passenger yield. The airline said it and its subsidiaries planned
      REUTERS  -  405 words
    • Article
      Lock icon GM, Toyota take top spots in US study
      429 32 BLOOMBERG Southfield, Michigan General Motors showed gains in quality as its Buick brand passed Toyota and the two automakers tied for the most top ratings in J D Power’s latest US vehicle dependability study. GM and Toyota each took first place in
      BLOOMBERG  -  429 words
    • Article
      Lock icon Hertz raises impact of accounting errors
      422 32 WP Southfield, Michigan HERTZ Global Holdings estimated an additional US$125 million of errors in its ongoing review of financial statements and doubled its cost-saving target to US$200 million. The errors had a cumulative effect on pretax income under generally accepted accounting principles of about
      WP  -  422 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    1948 33 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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  • Page 33 Advertisements
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      Lock icon Page 33 Advertisements Column 1
      168 33 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 1HE BUSINESS TIMES SHIPPING TIMES ii 4 Announce Your Corporate Development Come publicise your Project Completion, Ship Christenings Delivery of Newbuilds, Vessel Conversion Refurbishment, Award Wins Certifications,
      168 words
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  • Page 35 Advertisements
  • Page 35 Miscellaneous
    • Miscellaneous
      Lock icon Page 35 Miscellaneous Column 1
      332 35 CRYPTIC CROSSWORD Across 1 OAPs’ club with finesse arranged office? (5,2,8) 9 Foreign car almost blocking road by a Welsh valley (7) 10 Pliable wine connoisseur initially following the Spanish (7) 11 Radio problem? Three characters get ejected as conclusion (9) 12 Maid a hotel’s retained somewhere in the US
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  • BT Lifestyle
    • Article, Illustration
      Lock icon TIME TO THINK DESIGN
      699 38 Next month, Singapore Design Week will put design from fields as diverse as advertising, architecture, fashion and interior design –front and centre through a slew of events for the public. BY ARTHUR SIM DESIGNERS will have their time in the spotlight when Singapore Design Week (SDW)
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    • Highlights of SDW 2015
      • Article
        Lock icon International Furniture Fair 2015/32nd Asean Furniture Show
        55 38 When: March 13 to 16 Where: Singapore Expo, Halls 1-6 What: A trade show featuring furniture, home accessories and fittings by Asia’s leading manufacturers and designers. Includes The Decor Show and Hospitality 3600. Admission: Free admission, via online registration. Entrance fee of S$20
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      • Article
        Lock icon Maison & Objet Asia
        50 38 Maison Objet Asia When: March 10 to 13 Where: Marina Bay Sands Expo and Convention Centre What: A trade show and showcase of the latest trends in interior and home-lifestyle accessories. Includes Interior Design Lifestyle Summit featuring award-winning designers. Admission: For trade visitors only, except on March 13 from 12pm.
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      • Article
        Lock icon SingaPlural 2015 – Celebrating Design
        48 38 SingaPlural 2015 Celebrating Design When: March 10 to 15 Where: SingaPlural 2015 Festival Site, 99 Beach Road What: A multi-disciplinary design platform featuring the works of designers from the fields of advertising, architecture, urban planning, landscape architecture as well as interior, furniture, graphic and fashion design. Admission: Free
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      • Article
        Lock icon Fifty Years of Singapore Design
        58 38 When: From March 10 Where: Design Gallery 2, Level 2, National Design Centre, 111 Middle Road What: A design exhibition featuring the works of design pioneers over the last 50 years. On show will be iconic and popular designs in Singapore, presented as a journey
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      • Article
        Lock icon Many Ways of Seeing Exhibition
        56 38 When: March 13 to May 31 Where: Sentosa Nature Discovery, Level 1 exhibition Area What: An exhibition of children's work from the Many Ways of Seeing Workshop, which aimed to engage their sense of wonder and imagination. The acclaimed architect and design educator, Professor Masayo
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      • Article
        Lock icon Many Ways of Seeing Seminar
        32 38 When: March 10, 6.30pm to 8.30pm Where: Auditorium, Level 2, National Design Centre, 111 Middle Road Admission: Free (Pre-registration required. Open to pre-school educators, designers and parents)
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      • Article
        Lock icon Design Thinking: Upsize your F&B business for an upper hand
        66 38 When: March 16, and March 18 Where: Design Thinking Innovation Academy, Level 2, Training Room, National Design Centre, 111 Middle Road What: A seminar facilitated by de-sign-thinking consultancy Dowayo Foresight for F&B business owners to learn how design can shape
        66 words
      • Article
        Lock icon New British Inventors: Inside Heatherwick Studio
        55 38 When: March 11 to April 12 Where: Atrium, National Design Centre, 111 Middle Road What: An exhibition and lecture by British architect Thomas Heatherwick, which offers insights into the ideas and experiments that have gone into realising projects by the award-winning Heatherwick Studio. Admission:
        55 words
    • Article, Illustration
      Lock icon Design as an intrinsic part of life
      729 38  -  BT Lifestyle meets three designers who will be taking part in Singapore Design Week By Arthur Sim Who: Rodney Loh Jun Kern Participating in SingaPlural 2015 As the design director of NextOfKin Creatives, Rodney Loh (below) believes design awareness is an important skillset
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    • CITY LIFE
      • Article, Illustration
        Lock icon A taste of Europe in S’pore
        608 34 The year-long Salon Gourmet 2015 showcases top European restaurants and chefs. BY RACHEL LOI rachloi@sph.com.sg @RachelLoiBT For more information, log on to http://salongourmet.sg EUROPEAN cuisine takes centre stage this March with the launch of Salon Gourmet 2015 a new year-long annual gourmet food and
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      • Events at a glance
        • Article, Illustration
          Lock icon The Cuisine of Masterchef Jean-Yves Leuranguer
          69 34 Date: March 17 to 21, 2015 Time: Dinner only Price: S$ 2 70.40++ (HSBC Cardholders) and S$338.00++ (other payment modes) Venue: Raffles Grill, Raffles Hotel Singapore, 1 Beach Road For reservations, call 6412 1816 Try a five-course menu of traditional French flavours presented by
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        • Article
          Lock icon The Cuisine of Masterchef Ronan Kervarrec (above)
          70 34 Date: March 24 to 28, 2015 Time: Lunch and dinner Price: S$214.40++ (HSBC Cardholders) and S$268.00++ (other payment modes) Venue: Clifford, The Fullerton Bay Hotel Singapore, 80 Collyer Quay For reservations, call 6597 5288 One Michelin-starred Chef Ronan Kervarrec’s French cuisine cre- ations
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        • Article
          Lock icon Modern Spanish Cuisine with the wines of Emilio Moro
          66 34 Date: March 4, 2015 Time: 8.30pm (reception) Price: S$ 190.40++ (HSBC Cardholders) and S$238.00++ (other payment modes) Venue: BAM! Tapas-Sake Bar, 38 Tras Street Indulge in a menu focusing on the Catalan region, specially curated by Chef Pepe Moncayo who has
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        • Article
          Lock icon Rustic Russian Flavours
          65 34 Date: March 11, 2015 Time: 7pm (reception), 7.30pm (dinner) Price: S$ 118.40++ (HSBC Cardholders) and S$ 148.00++ (other payment modes) Venue: Buyan Russian Restaurant Caviar Bar, 9 Duxton Hill Russian restaurant Buyan features a six-course menu of authentic dishes from Russia and the former Soviet Union countries
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        • Article
          Lock icon Classical French Journey with the wines of Domaine Fernand et Laurent Pillot
          79 34  -  Compiled by Rachel Loi Date: March 19, 2015 Time: 7pm (reception), 7.30pm (dinner) Price: S$ 126.40++ (HSBC Cardholders) and S$ 158.00++ (other payment modes) Venue: Absinthe, 72 Boat Quay Led by rising star Chef Nicolas Reynard, Absinthe aims
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      • CITY BUZZ BT writers’ picks of what to see, do or talk about
        • Article, Illustration
          Lock icon BRINGING BACK BARTERING
          328 34  -  ONLINE COMMUNITY The Platform Collective www.theplatformcollective.com By Rachel Loi THE art of bartering sounds like a thing of the past you give me three chickens and I’ll give you three ducks in return. But four university students are blowing the dust off this old-school practice, and giving
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        • Article, Illustration
          Lock icon Christina Perri: The Head or Heart Tour
          310 34 CONCERT HERE’S a rock and roll fairytale come true: just five years ago, Christina Perri was working at a Los Angeles cafe by day trying to make ends meet and recording by night to live her dreams of becoming a pop star. But
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        • Article, Illustration
          Lock icon Gillman Barracks
          183 34  -  ART By Helmi Yusof IF you didn’t get a chance to check out Gillman Barracks at its best during January’s Singapore Art Week, then this would be the last week to do so. Exhibitions closing on March 1 include the terrific show at the Centre for Contemporary Art
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        • Article, Illustration
          Lock icon Crumbs Jardin Bakery Blk 17 Beach Road #01-4709 8288 8423
          138 34  -  FOOD By Rachel Loi www.crumbsjardinbakery.com BEFORE opening Crumbs Jardin in October last year, owner Cherie Chua (below) admits that she hardly ever stepped into the kitchen. In fact, her interest in baking started only about two years ago, when she
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        • Article, Illustration
          Lock icon DINING Alvaro Palacios wine Dinner
          289 34  -  By Tay Suan Chiang FOR just one night only, be transported to the vineyards of Priorat, the southwest region of Catalonia. Following a trip last year to Priorat, Stephane Soret, Raffles Singapore’s wine director (below), was inspired to recreate his experience by hosting an ex-
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    • WINE/ARTS
      • Article, Illustration
        Lock icon Never underestimate low-priced wines
        1166 35 A simpler wine can be enjoyed in its own context, provided one approaches it with an open mind. BY NK YONG QUALITY wines can be found even at the lowest end of the scale, and nowhere was that more true than at dinner in Bangkok over
        PHOTOS: NK YONG  -  1,166 words
      • Article, Illustration
        Lock icon Thai artist to hold solo show
        420 35  -  By Cheah Ui-Hoon uihoon@sph.com.sg HE starts with sketching the main characters on a canvas and from there, Thai artist Knakorn Kachacheewa takes his time to infuse his paintings with the daily experiences and thoughts which inspire him. Kachacheewa, 46, a lecturer of art at
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      • Article, Illustration
        Lock icon Group show by artists from Silpakom Uni
        221 35  -  By Cheah Ui-Hoon A GROUP of 10 young artists from the Masters of Fine Arts programme at Thailand’s Silpakorn University will hold their first collective show here, displaying drawings, paintings, photographs and sculptural installations. The Fingerprint group comprises 10 artists who are recent
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    • ARTS
      • Article, Illustration
        Lock icon S’pore arts fest: Local stories come to fore
        698 36 A musical about Nanyang artists leads the charge in local-centric line-up of works at the Singapore International Festival of Arts. BY HELMI YUSOF THE historic 1952 Bali visit by Singapore’s famous Nanyang artists will be retold in music at the Singapore International
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      • Article, Illustration
        Lock icon Writing history’s wrongs
        523 36  -  THEATRE By Helmi Yusof helmi@sph.com.sg @HelmiBT AS any historian would tell you, history isn’t always entirely accurate. It is written by the victors and often by men; losers don’t get to tell their side of the story, and women systematically get written out. It is partly to
        523 words
      • Article, Illustration
        Lock icon A tale told through sounds, lights and objects
        548 36  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT IF one of the things art does well is to force you to look more closely at the things you take for granted, then the performance-installation OneTwoSix is an apt cocoon for you to meditate on everyday
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    • MUSIC/CINEMA
      • Article, Illustration
        Lock icon Still in the game
        729 37  -  Rufus Wain wright’s last album, Out of the Game is almost three years old now but the singer-songwriter has been busy with a number of side projects. BY DYLAN TAN CONCERTS BY DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT MOVE over, the Osbournes. When it comes to the antics
        729 words
      • Article, Illustration
        Lock icon Pity Smith still hasn’t recovered his focus
        507 37  -  MOVIES By Geoffrey Eu THE art of the con is made to look positively alluring in Focus, a film about a master of the game, his sexy protégé and their well-choreographed ability to fleece victims of large sums of money and valuables, all
        507 words
      • Article, Illustration
        Lock icon McFerrin happy to be in a class of his own
        696 37  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT DON’T expect to see Bobby McFerrin happily posing for selfies at tourist spots and sharing them on social media when he returns to Singapore next month for this year’s star-studded Singapore International Jazz Festival. The
        696 words
      • Article, Illustration
        Lock icon Parkour caper is purely a star vehicle for Lautner
        466 37  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT TEAM Jacob will have a howling good time with Tracers, a fast-paced but forgettable by-the-numbers crime caper starring their favourite werewolf, Taylor Lautner, from the Twilight movie series. It checks off a list of things that
        466 words
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