The Business Times, 10 March 2015

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Microfilm: NL33430
Total Pages: 26
1 26 The Business Times
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  • Title Section
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    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 Tuesday, March 10,2015
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  • DAILY DIGEST
  • Article, Illustration
    Lock icon Fewer plane accidents in 2014 but death toll trebles: Iata report
    572 1  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT @Nisha_BT Singapore IN a year that will be long-remem-bered for multiple high-profile plane tragedies, the 2014 global jet accident rate ended up paradoxically being the lowest in commercial aviation history, with one accident for
    Graphics: BTArt Source: Iata  -  572 words
  • Article, Illustration
    Lock icon Labour market to tighten further, but help will be available
    799 1  -  Greater crunch a result of slower local employment growth and tight foreign-labour policies, says Tan Chuan-Jin BUDGET DEBATE By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SINGAPORE’S labour market will tighten even further over the next decade, as local employment growth slows
    FILE PHOTO  -  799 words
  • Article
    Lock icon MARKETS
    26 1 Monday Change STI 3,404.57 (-12.94) KL COMP 1,791.74 (-15.22) NIKKEI 225 18,790.55 (-180.45) HANG SENG 24,123.05 (-40.95) SHENZHEN B 1,105.19 (+3.79) DOW(noon EDT) 17,977.31 (+120.53)
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      17 1 Hill 8 '*****1 *****4 FAMILY BUSINESSES When there’s trouble, call in the chief emotional officer SME 26
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      20 1 PALM OIL Tepid price rebound expected COMPANIES MARKETS 7 THE BOTTOM LINE Time to kill off zombie company Sharp opinion/20
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      Lock icon Page 1 Advertisements Column 3
      110 1 PAGODA STREET Gudang Garam family member pays top dollar for shophouses REAL ESTATE 11 as 11 4 i mm yj' >V k Call 65B***** www.fareastsoho.com Far East SO/HO Space Evolves. Artist’s impression. Terms and conditions apply. Developer: Far East Success Development Pte. Ltd. ft Whitewater Properties Pte. Ltd. (*****1286N *****4488W)«
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  • TOP STORIES
    • Article, Illustration
      Lock icon IRAS on alert for attempts to escape tax using shell set-ups
      494 2  -  Minister notes risk that high income earners may set up companies to avoid higher personal income taxes BUDGET DEBATE By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SINGAPORE'S tax authority will be on the lookout for high-income earners who set up
      FILE PHOTO  -  494 words
    • Article
      Lock icon Govt to launch shared e-commerce and HR platforms for SMEs
      573 2  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore THE government will leverage shared platforms as it moves towards introducing targeted schemes aimed at giving priority sectors a leg up. There will be two projects to enable small and medium-sized enterprises (SMEs) to
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    • Article, Illustration
      Lock icon Sibor jumps to 0.836% on further US dollar strength
      362 2  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE three-month Sibor or Singapore interbank offered rate jumped to 0.836 per cent on Monday from last Friday on continued US dollar strength. A t M on d a y s l eve l
      Source: Bloomberg  -  362 words
    • Article
      Lock icon Today’s young ‘will be in relatively good shape to retire’
      1007 2  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore SINGAPOREANS who work regularly and make prudent housing choices should have no worries in meeting their retirement needs through the mandatory Central Provident Fund (CPF) system, Manpower minister Tan Chuan-Jin has said, as he
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    • Article, Illustration
      Lock icon Sony to cut 1,000 jobs at Swedish mobile division
      250 2 AFP Stockholm JAPANESE electronics giant Sony said Monday it would shed 1,000 jobs at its Swedish mobile unit as the division moves to drop over a quarter of its workforce. The company, known for its Playstations and Xperia smartphones, will cut
      AFP  -  250 words
    • Article
      Lock icon Corrections
      58 2 IN “En pointe on the silver screen” (BT, March 6), we wrongly reported that Balanchine and Millepied would be screened on April 18 and 19. It should be April 17 and 18. We also wrongly reported that the Paris Opera Ballet screenings are on April 18-20. It should be
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    • Article, Illustration
      Lock icon Sprawling GCB site at Ridout Road on the market
      576 4 The 73,277 sq ft freehold site can be subdivided into four smaller plots; seen fetching about S$88m Singapore A SPRAWLING 73,277 sq ft freehold Good Class Bungalow (GCB) redevelopment site along Ridout Road has been put on the market. Located at
      576 words
    • Article
      Lock icon Petronas’ RM7.3b quarterly loss deepens Malaysia’s fiscal risk
      645 4  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur THE odds are rising that Malaysia will need a second revision to its Budget, now that national oil company Petronas has posted an unexpected RM7.3 billion loss in the last quarter. The Bank of America Merrill
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    • Article
      Lock icon Japan’s economic growth revised down for final quarter
      652 4  -  By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN’S emergence from recession in the final quarter of 2014 was significantly weaker than indicated earlier, it emerged on Monday, provoking speculation that the Bank of Japan could be forced to ease policy yet again. A hike
      652 words
    • Article, Illustration
      Lock icon Racing for a good cause
      462 4  -  By Prisca Ang prisang@sph.com.sg Singapore A TWO-PART donation drive will raise funds for beneficiaries of the OCBC Cycle charity programme, also known as The Business Times Cycle of Hope Charity Programme. Efforts to benefit less-privileged children and youth were revealed at the launch of public
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    • Article, Illustration
      Lock icon Crowdfunding platform for designers to kick off in April
      562 5  -  Sniffr, launched by OTTO Solutions, will be a marketplace that connects designers with consumers By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SNIFFR.SG, Singapore’s first de-sign-centric crowdfunding platform, was unveiled on Monday by 23-year-old homegrown design and electrical company OTTO Solutions a move
      FILE PHOTO  -  562 words
    • Article, Illustration
      Lock icon iflix to launch video streaming service in South-east Asia this year
      494 5  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore IFLIX, a new video-on-demand platform tipped to be Asia’s answer to the American Netflix and a contender to Singtel’s recently-announced Hooq, is set to launch in South-east Asia this year. To boot, an
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      Lock icon Page 4 Advertisements Column 1
      66 4 ONLINE SALE www.oaks.com.sg Wine, Whisky, Sake, Champagne, Life Style and Wine ACCeSSOrieS Over 500 products available German Riesling Offer! Muller Catoir Mussbacher Riesling Kablnet 2012 Case of 6 Now: S$239.00 usual: s$342ree Mosel land Goldschlld MF Riesling Spatlese 2013 Case of 6 Now: S$152.00 usual: s$234ree 'N The Oaks Cellars
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    • Advertisement
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      19 4 Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices
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      350 5 A 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 i tv s= EARLY Bl PD $18 $30 STPROPERTY SEMINAR: Strategies to Capitalise on Opportunities and Avoid Pitfalls in the Property Market 2015 Date: Saturday Sunday
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      298 5 BUDGET 2015 and SMES impact and Possibilities Budget 2015 offers an opportunity for businesses to ride on the nation’s economic restructuring as it plans for the future. How can you make the best of it? Listen in and engage our experts as they discuss the implications and possibilities of the
      298 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Sino Construction rebound rests on transformation success
      975 6  -  HOCK LOCK SIEW BY CHAN YI WEN yiwenc@sph.com.sg @ChanYiWenBT THE massive collapse in Sino Construction’s shares once again highlights the dangers of punting on fast-rising “concept” plays. Last week, Sino Construction a civil engineering and construction company that is in the process of
      Source: Bloomberg  -  975 words
    • Article, Illustration
      Lock icon M&S to offer investors gift card instead of dividend
      463 6 REUTERS London MARKS Spencer is to offer its army of private investors a gift card instead of a dividend payment as the British retailer rethinks the way it rewards shareholders. About 30 per cent of M&S equity is owned by private
      REUTERS; PHOTO: BLOOMBERG  -  463 words
    • Article, Illustration
      Lock icon Market discipline – less talk, more action needed
      796 7  - Market discipline less talk, more action needed BTBLOGS By R Sivanithy sivan@sph.com.sg @RSivanithyBT HOW widespread is price rigging, manipulation and insider trading in the local stock market? It depends on who you ask. At one extreme is the view that “everything is fixed”, ie, there’s lots going on every day
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    • Article, Illustration
      Lock icon Tepid palm oil rebound expected
      978 7  -  But the low price environment offers opportunities for stock investors with longer-term horizons NEWS ANALYSIS By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore THE muted recovery of crude palm oil (CPO) prices has dragged the valuation of plantation stocks down, offering investors an entry point to
      Source: Bloomberg  -  978 words
    • Article
      Lock icon Noble seeking commitments on increased US$3b refinancing
      244 7 REUTERS hong Kong NOBLE Group is seeking an increased size of US$3 billion to refinance debt coming due in May, even as it remains embroiled in a controversy over an obscure research firm’s allegations of employing improper accounting rules. The commodities trader is
      REUTERS  -  244 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times index March 9,2015 3,404.57 -12.94 (-0.38%) Current streak 1 day Day high 3,408.42 Day low 3,384.07 52-week high 3,444.57 (Feb 11, 2015) 52-week low 3,057.20 (Mar 20, 2014) ftse ST Catalist index March 9,2015 689.75 -1.07 (-0.15%) Current streak 3 days Day high 692.97 Day low
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    • Article, Illustration
      Lock icon Weak start to week after Wall Street plunge
      691 8  -  Strong US jobs data leads to fall in US stocks amid worries interest rates will be raised sooner TTSTOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THERE were no surprises as the local stock market kicked off the week on a weak note with
      Source: Bloomberg  -  691 words
    • Article
      Lock icon STI STOCKS
      321 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 247 -4 248/244 263 213 5.8 6245 CapitaLand 346 -8 351/345 371 268 12.7 2.6 *****.3 CapitaMall Trust 209 -3 211/208 226 186.5 5.2 7250.3 CityDev 1008 cd -14 1011/1002 1118 907
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    • Article
      Lock icon MOST ACTIVE
      35 8 VOLUME Noble 75,016,000 IHC 43,914,000 Genting Sing 36,243,800 Advance SCT 35,910,000 Ellipsiz 34,885,700 Market volume 1,348,033,000 VALUE SingTel 93,519,135 DBS Grp 92,749,017 Noble 76,180,418 Keppel Land 57,946,077 OCBC Bank 56,962,086 Market value 1,222,998,000
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    • Article
      Lock icon SGX ETFs Most Active
      112 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap ABF SG Bond ETF 118.9 +2.4 944 118.9/114.2 118.9/112 114.5/115 542.8 STI ETF 340 -1 260 341/337 349/305 339/340 UETF SSE50China 228 +3 170 229/220 238/140 223/228 71.3 IS MS India US$ US797 -21 150 806/797
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Mar 9 VALUE CLOSE BT OB/OS -460.00 -125.00 BT CADI -*****.00 -122.00 BT 10-day MA -*****.00 -46.00 FTSE ST Mid Cap 777.61 -6.55 FTSE ST Small Cap 483.00 -2.03 FTSE ST All Share 816.51 -3.74 FTSE ST China Top 191.36 -0.46 FTSE ST China 235.74 +0.29 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 March 9,2015 816.51 -3.74 (-0.46%) Current streak 1 day Day high 817.20 Day low 812.74 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 March 6,2015 1,848.59 -16.97 (-0.91%) Current streak 1 day Day high 1,871.69 Day low 1,847.47 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 3 10 1 0 0 0 3 10 1 Manufacturing 30 55 43 7 9 12 37 64 55 Commerce 17 25 20 3 4 3 20 29 23 Tpt/Stor/Comms 7 23 10
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 22,714 22,714 69,979 69,979 Manufacturing 163,247 77,513 240,760 86,872 2,586 89,458 Commerce 131,484 18,832 150,316 118,264 935 119,198 Tpt/Stor/Comms 113,335 462 113,797 197,073 30 197,102 Finance 26,169 385 26,554 235,798 82 235,880 Construction 59,493 6,938
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    • Article
      Lock icon GAINERS
      72 8 BY CENTS CLOSE UP 52w high/low DairyFarm USD 953 30.4 2.4 1090/849 Lyxor ChinaH US$ 1604 23.5 1.1 1700/1221 DBXT CSI300 US$ 978 16.6 1.2 1044/613 JMH USD 6582 16.6 0.2 6788/5552 HongkongLand USD 783 13.8 1.3 830/612 BY PERCENTAGE CLOSE UP 52w high/low Ntegrator W*****3 0.6 200.0 0.4
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    • Article
      Lock icon LOSERS
      77 8 BY CENTS CLOSE DOWN 52w high/low DBXT DBCDJUBS US$ 2279 -612.5 -16.3 3096/2279 DBXT Nifty US$ ***** -418.0 -2.1 *****/***** GLD US$ ***** -288.3 -1.8 *****/***** DBXT S&P500 US$ 3497 -70.4 -1.4 3548/3019 DBXT iBoxxIDR US$ 997 -62.1 -4.3 1053/963 BY PERCENTAGE CLOSE DOWN 52w high/low InterraResW*****8 0.1 -96.7
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 8 VOL CLOSE($) CHANGE Ellipsiz 34,885.7 0.108 +0.012 +12.50 Next-Gen Sat^ 14,021.0 0.003 -0.001 -25.00 Serial System 17,013.0 0.185 +0.014 +8.19 HL Global Ent^ 499.5 0.030 +0.003 +11.11 Techcomp 16.0 0.270 +0.020 +8.00 Seroja Inv 521.2 0.062 -0.007 -10.15 Transit Concrete 20.0 0.400 -0.040 -9.09 USP Group 2,420.2 0.045
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    • BROKERS’ TAKE
      • Article
        Lock icon SMRT
        156 8 Buy Mar 9 close: S$1.68 Target price: S$1.85 OCBC Investment Research, March 9 SMRT’s trains experienced five disruptions over the past two weeks across the North-South Line (NSL), East West Line (EWL), Circle Line (CCL), and Bukit Panjang lrt Line. With these disruptions deemed unacceptable by the Land Transport
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      • Article
        Lock icon Dairy Farm International
        115 8 Buy Mar 9 close: US$9.53 Target price: US$11.20 RHB Research, March 9 Dairy Farm’s FY 2014 results were in line with expectations, despite the cautious interim statement it released in Nov 2014. We maintain “buy”, with an unchanged discounted cash flow-based target price of US$11.20. We believe
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      • Article
        Lock icon Sino Grandness
        108 8  -  Compiled by Cai Haoxiang Ceasing coverage Mar 9 close: S$0.265 Maybank Kim Eng Research, March 6 Following our portfolio rebalancing, we are ceasing coverage of Sino Grandness. Our last rating of “hold” and target price of S$0.45 are no longer valid. Disclaimer: All analyses, recommendations and other information
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    • Article
      Lock icon CALENDAR
      8 8 DATA I 9.30am (March 10) China CPI
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    • Article
      Lock icon Greenback’s rally pauses at 111/2-year high
      443 9 CURRENCIES REUTERS London THE US dollar paused after hitting an 11 1/2 -year high against a basket of currencies on Monday, but expectations that the Federal Reserve will raise interest rates soon are likely to underpin the greenback. Surprisingly strong US jobs data last
      REUTERS  -  443 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Mar 9 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.972 4.833 0.710 5.986 48.314 100.683 0.933 8.569 2.839 1.047 78.424 34.114 1.065 9.313 0.760 24.303 25.114 0.512 0.772 Canada 1.028 4.971
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        Lock icon HANG SENG
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Mar 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0643 1.0647 0.7715 0.7716 Canadian dollar 1.0945 1.0952 0.7937 0.7934 Euro 1.4999 1.5005 1.0873 1.0874 NZ dollar 1.0161 1.0167 0.7366 0.7368 Sterling pound 2.0788 2.0802 1.5069 1.5075
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Mar 9 S$ Bid Offer 1-month 1.3810 1.3817 2-months 1.3821 1.3828 3-months 1.3834 1.3842 6-months 1.3842 1.3848 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        365 9 Mar 9 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.96 *****.15 *****.87 Mar15 *****.00 *****.00 *****.00 *****.00 *****2 *****7 Jun15 *****.00 *****.00 *****.00 *****.00 ***** ***** MSCI TAIWAN INDEX FUTURES SPOT 355.57 355.57 352.65 Mar15 357.00 357.40 352.00 354.00 ***** *****1 Apr15 357.50
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        203 9 Mar 9 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****0 11 -0.3 8311 0.2 1980 1 Rowsley Ltd W*****3 2.9 -0.3 6961 1 18 19 Compact Metal Indus W*****0 2.6 0.8 6289 1 2
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 9 In local curr In S$ In US$ dy yr dy yr dy yr Mar 6 Index Change Change Change Change Change Change World Preliminary 1332.6 -0.5 4.5 -0.4 6.3 -1.0 2.1 EAFE Preliminary 1081.4 0.2 9.6 -0.3 8.5 -0.9 4.2 Europe Preliminary 1523.1 -0.1 10.2
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Mar 9 $S Offer Bid 0vernight 0.12 0.05 1-month 0.6875 0.5625 2-months 0.6875 0.5625 3-months 0.8750 0.7500 Overnight mode: 0.25 US$ Offer Bid 7 days 0.17 0.07 1 month 0.23 0.13 2 months 0.28 0.18 3 months 0.40 0.20 6 months 0.60 0.40 9 months 0.70 0.50 12
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      • Article
        Lock icon SIBOR
        36 9 Mar 9 (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
        69 9 Mar 9 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.38 102.44 102.38 5-Year N*****0H 1.625 01-Oct-19 99.2 99.20 99.10 10-Year NY*****H 3.000 01-Sep-24 104.9 105.10 104.95 15-Year NY*****E 2.875 01-Jul-29 101.71 101.80 101.77 20-Year NZ*****V 3.375 01-Sep-33 107.03
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Mar-6 Price Net change change Last Trade Agricultural Mar-6 CBOT Soybeans (US cents/bu) 979.25 unch 0.00% 13/03/2015 CBOT Soybean Oil (US cents/lb) 31.14 -0.29 -0.92% 13/03/2015 CBOT Wheat (US cents/bu) 485.75 4.50 0.94% 13/03/2014 Mar-6 LIFFE Cocoa (£/tonne) 2032.00 -19.00 -0.93% 16/03/2015 LIFFE Coffee (US$/tonne) 1847.00 7.00 0.38%
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    • Article, Illustration
      Lock icon SingPost invests US$1.1m in e-commerce JV
      528 10  -  Venture with Indonesian mobile phone retailer to import, supply goods to online retailers in Indonesia By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore SINGPOST is teaming up with Indonesian mobile phone retailer Trikomsel in another move to strengthen its e-commerce foothold in the region. The two
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    • Article
      Lock icon SGX launches two iron ore contracts
      346 10  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore THE Singapore Exchange (SGX) on Monday launched two new iron ore derivative contracts to offer better hedging opportunities for lower grade cargoes. The new SGX Iron Ore CFR China (58 per cent FE Fines) swap and futures
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    • IN BRIEF
      • Article
        Lock icon Genting sells Norwegian cruise operator stake
        115 10 GENTING Hong Kong will receive US$316.9 million in net proceeds from plans to sell a 2.7 per cent stake in associate company Norwegian Cruise Line Holdings. Nasdaq-listed cruise operator Norwegian Cruise Line had announced on March 5 that Genting Hong Kong subsidiary Star NCLC
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      • Article
        Lock icon Yongnam joint venture seals S$159m contract
        107 10 A JOINT venture between Yongnam Engineering Construction and Jian Huang Construction Co has secured a S$159 million contract for the JTC Food Hub Senoko. This project will see the JV build a new seven-storey ramp-up development in the Senoko Food zone. Built on a
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      • Article
        Lock icon Triyards bags deals worth over US$100m
        85 10 TRIYARDS Holdings has won deals for two ice-class multi-purpose support vessels (MPSVs) as well as a turret fabrication job worth over US$100 million. The MPSV contracts were signed with Ocean Energy Ventures, a wholly-owned subsidiary of MDL Marine Holdings, while the new turret fabrication
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      Lock icon Page 6 Advertisements Column 1
      738 6 SO SO so Written by Marcus Ho, co-founder ofSocialMetric, a measurable social media agency and author of Social Payoff, where he shares best practices on digital lead generation Just a few months ago, I met a friend who recently passed his CEA real estate agent examinations. Naturally, he got very
      738 words
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      36 7 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices
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      201 7 fNANYANG TECHNOLOGICAL UNIVERSITY Nanyang Technopreneurship Center The Chua Thian Poh Distinguished Speaker Series 2015 Public Lecture 13 March 2015, Friday 4pm to 6pm (Registration starts at 3:30pm) NTU@one-north 11 Slim Barracks Rise (off North Buona Vista Road) Level 3, Singapore *****4 Technology Business in the Future The world has experienced
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  • Page 10 Advertisements
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      2450 10 <'_%-\?[.<+{{~&(<,;-|+^{_<>"^%> CHINA y FISHERY CHINA FISHERY GROUP LIMITED (incorporated in the Cayman Islands) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of China Fishery Group Limited (the “Company”) will be held at Taurus and Leo Room, Level 1, Marina Mandarin Singapore, 6 Raffles Boulevard,
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      Lock icon Page 10 Advertisements Column 2
      148 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MOHALI PTE LTD (f.k.a. Haryana Pte Ltd) (In Creditors’ Voluntary Liquidation) Reg. No. *****6761G NOTICE OF RESOLUTION At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 133 New Bridge Road #25-03/08
      148 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Gudang Garam family member pays top notch price for Pagoda St shophouses
      749 11  -  S$20m for the two adjoining 999-year shophouses translates to S$3,500 psf on built-up area and reflects just 1.8% gross yield based on current rental income By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore A MEMBER of the family behind Indonesian
      PHOTO: ARTHUR LEE  -  749 words
    • Article, Illustration
      Lock icon Sam Goi’s GSH to start selling strata offices at GSH Plaza
      275 11 Singapore THE consortium behind GSH Plaza is launching more than 100 strata titled office units in the 28-storey Central Business District building. The units will range in size from 480 to 1,700 square feet, with an average price of
      PHOTO: GSH  -  275 words
    • Article
      Lock icon Kaisa offers sharp haircut but milder than expected
      422 11 REUTERS Hong Kong A DEBT restructuring plan put forward by Chinese developer Kaisa Group Ltd has steered away from a doomsday scenario for creditors painted in an earlier report, offering an implied haircut that is severe but not too far off current
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    • Article
      Lock icon Plans for new Danga Bay project unveiled
      742 12  -  Co-developed by firm linked to Charles Keith owner, Senibong Hill will have over 55 landed homes, with more units being planned By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore AUSTRALIAN developer Walker Corporation and an investment firm linked to the Wong family behind popular footwear
      742 words
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      Lock icon HK non-bank lenders thrive amid bank mortgage curbs
      641 12 BLOOMBERG Hong Kong HONG Kong’s non-bank lenders are thriving as regulators place curbs on banks, adding to the risks in the city’s hot housing market. Homebuyers are flocking to companies such as Hong Kong Finance Group Ltd, which has seen a 15
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      717 11 (2 LIVE IN THE TALLEST SKYSCRAPER CONDO IN TOKYO THE PARKHOUSE NISHI-SHINJUKU TOWER 60 TheParkhouse ErfFF... k F*=?S=*FF«= 'riSWFPB JSF? rflpriri »-fr FS+ r, PHI irr rfr* Vtp Jpr TTT' >jr. r r_ 00 rW ,T'»ri F5i rr-1 00 Inar rrirl y-wr #r*"' WW wmT^rm rfy m jgjii# »rA- trjS3
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      461 12 TOKYO PROPERTY INVESTMENT SEMINAR By MR. KU SWEE YONG f- a l Buildings available from SGD 3 million Special Property Highlight: Residence Tokyo Kachidoki Brand new building 3-min walk Kachidoki station Walking distance to Olympics Village Fully furnished Total 8 units with master lease Free maintenance Si a Gnjug^i EXHIBITION
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  • BANKING & FINANCE
  • Page 13 Advertisements
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      56 13 HOT PROPERTY SAMSUNG HUB $9.80PSF 8000sqft or 4000sqft x2. Avail Apr '2015. NEW LIST! RARE! Parkway Ctr 829 sqft. High flr. Sea view. Fitted. Immed $5K neg. KILLINEY RD 2ND flr. Bare. Approx 1764sf. Main rd. F/aircon with attach toilet. OFFICE SPACES FOR RENT Check out these properties and more
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      45 13 Hospitality Investment Conference Indian Ocean Maldives Mauritius Seychelles Sri Lanka 25 26 May 2015 Colombo, Sri Lanka A New Era rr uNh r 1 Sir; 2S Contact Michelle at +65 6848 5374 or email her at michelle@sphereconferences.com for sponsorship opportunities Organiser: sphere SINGAPORE PI www.hicio.sphereconferences.com
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Iron ore giants to boost supply despite surplus
      980 14 Mine expansions in Brazil, Australia more than offset China closures; 2015 supply to rise to 75m tonnes BLOOMBERG Singapore GLOBAL iron ore supplies are set to expand further as the world’s biggest producers press on with capacity expansions, raising shipments of the
      BLOOMBERG; PHOTO: BLOOMBERG  -  980 words
    • Article
      Lock icon Blood gold flows illegally from Central African Republic
      895 14 Seleka rebel group controls swathes of territory in gold and diamond-producing regions BLOOMBERG Bambari FREDDY Bonjour, covered in yellow dust from head to toe, stands exhausted after a day using his bare hands and a shovel to dig for gold in eastern
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    • Article
      Lock icon Goldman sees decline in US crude prices
      391 14 REUTERS Singapore OIL prices will reverse their recent gains as global crude inventories begin to rise again, with US crude likely to drop as far as US$40 a barrel in the near-term, Goldman Sachs has said. Oil prices rose by almost a third
      REUTERS  -  391 words
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      71 14 12th edition 19 22 March 2015 Singapore EXPO Hall 6 11am 10pm Daily “Hungry for Food Cash?” Hurry down to the MEGA Food Beverage Fair this March school holidays! Stand to win up to S$6,888CASH (Check out lucky draw coupons from major newspapers) For more information, call *****620 or email
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      57 14 R'feSi m^anmar Incorporating: Myanmar retail Urban and City Planning Conference 2015 Real Estate Show Myanmar 2015 29 June -1 July 2015 Yangon, Myanmar I n Your gateway to trends and investment opportunities in Myanmar's real estate Contact Jason at +65 6848 6051 or email jason@sphereconferences.com to find out about sponsorship
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  • TECHNOLOGY
    • Article
      Lock icon Technology startups find fertile ground in Gulf states
      669 15 BLOOMBERG Dubai BY day, Farah Al Qaissieh is employed at a government agency in the United Arab Emirates. By night, she works as chief executive officer of her fledging company Xenia. She got there with help from Abu Dhabi, the richest of
      BLOOMBERG  -  669 words
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      Lock icon Square shifts its shape and identity
      999 15 It has gone from offering credit card readers to a money-lending programme for small businesses and an app that sends money to debit accounts NYT New York WHAT is Square? The six-year-old payments startup began by offering small, square-shaped credit card readers that plug
      NYT  -  999 words
    • Article, Illustration
      Lock icon The unknown reality of VR goggles
      1266 15  -  By Chris Suellentrop NYT San Francisco FOR game designers, virtual reality became a real business when the virtual reality equivalent of Apple’s app store for iPhones and iPads opened its digital doors. If you make a game in virtual reality, or VR, you can
      NYT; PHOTO: AFP  -  1,266 words
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      6 15 SCAN WATCH More @news.omy.sg BuzSrffi BS5¥
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      445 15 IN THE MATTER OF SECTION 290 OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF CAMERON SENSE PTE. LTD. (Co. Reg. No: *****0473C) (“Company”) NOTICE OF SPECIAL RESOLUTION FOR MEMBERS’ VOLUNTARY WINDING-UP NOTICE is hereby given the following special resolutions were duly passed in writing on 2 March
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Greek reform proposals fall far short of commitments, say EU officials
      939 17 Greek bonds fall on doubts about next tranche of EU aid funds and as ministers hint at referendum BLOOMBERG Athens GREECE’s provisional agreement with creditors to avert a default started to crack as European officials said the country’s latest
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      Lock icon PM calls on Thais to ensure security, rebuild confidence for foreigners
      377 17 REUTERS Bangkok PRIME Minister Prayuth Chan-ocha on Monday called on Thais to be the “eyes and ears” of security forces in order to boost international confidence in Thailand after the second explosion in the capital Bangkok in just over
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    • Article
      Lock icon Rousseff asks Brazilians to back austerity plan
      276 17 REUTERS Brasilia PRESIDENT Dilma Rousseff appealed to Brazilians on Sunday to back fiscal austerity policies, while saying that the belt-tightening will last as long as needed and results will only start showing at the end of this year. With the economy stalled and
      REUTERS  -  276 words
    • Article
      Lock icon Too few women at the top, says Clinton-Gates report
      379 17 AFP New York THREE women with global clout Hillary Clinton, Melinda Gates and Chelsea Clinton released a sweeping report on Monday showing that women are still far from winning equality in leadership positions. The “No Ceilings” report is a review of
      AFP  -  379 words
    • Article
      Lock icon Modi’s US$1t infrastructure plan revives tax-free rail debt
      813 17 Decision to allow tax-free bonds should cut borrowing costs for development push BLOOMBERG Mumbai INDIA’S decision to allow tax-free bonds after a 12-month hiatus should cut borrowing costs for a US$ 1 trillion development push. Finance Minister Arun Jaitley said in his
      BLOOMBERG  -  813 words
    • Article
      Lock icon China lets local governments swap debt into municipal bonds
      741 18 This is to reduce interest payments by as much as 50 billion yuan a year, allowing authorities to boost spending BLOOMBERG Beijing CHINA will allow regional authorities to convert some high-yielding debt into municipal bonds in a bid to cut financing
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    • Article
      Lock icon Russia’s investment grade status shielded by its reserves and fast reaction: Fitch
      720 18 BLOOMBERG London RUSSIA’S reserves and fast reaction as the economy sped towards recession underpin its investment-grade status, said Paul Rawkins, a senior director at Fitch Ratings. Fitch, the only major credit assessor to still rate Russia’s foreign currency
      BLOOMBERG  -  720 words
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      Lock icon Job growth for Hispanics outpacing others in US
      856 18 NYT Washington WITH the economy adding nearly 300,000 jobs in February, it’s clear that the labour market is on a roll. And, perhaps surprisingly, there is no group for whom that is truer than Hispanics. Employment among Hispanics has increased 5 per
      NYT; PHOTO: NYT  -  856 words
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      Lock icon Osborne hoping to swing election with final budget
      786 18 REUTERS London BRITAIN’S finance minister George Osborne has a chance to bolster the re-election prospects of Prime Minister David Cameron next week when he announces his last budget before a knife-edge election. The election on May 7 is shaping up to be
      REUTERS; PHOTO: REUTERS  -  786 words
    • Article
      Lock icon ECB underwhelms on first day of quantitative easing
      794 19 Purchases have been small and unless the ECB steps up the pace, there’re doubts it could achieve its target Reuters IFR AFP London THE start of the European Central Bank’s (ECB) quantitative easing programme left market participants disappointed on Monday with many
      Reuters; IFR; AFP  -  794 words
    • Article
      Lock icon EU capital markets plan lacks investor protection: UK official
      396 19 REUTERS London THE European Union’s plans to boost market-based financing for its flagging economy risk harming consumers unless there is more emphasis on investor protection, Britain’s top markets regulator said on Monday. The 28-country bloc wants to create a capital markets
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      Lock icon Japan must deal with its past and make up with neighbours: Merkel
      639 19 BLOOMBERG AFP Tokyo JAPAN could do more to deal with its World War II legacy and reconcile with Asian neighbours, German Chancellor Angela Merkel signalled at a press conference on Monday with Japanese Prime Minister Shinzo Abe. “There
      BLOOMBERG; AFP; PHOTO: BLOOMBERG  -  639 words
    • Article
      Lock icon Deutsche Boerse loses tussle over NYSE merger
      364 19 EU court also rejects arguments about merger’s “effciency gains” BLOOMBERG Luxembourg DEUTSCHE Boerse AG has lost a European Union court challenge against the veto by EU regulators of its aborted merger with NYSE Euronext, which would have created the world’s biggest exchange. The
      BLOOMBERG  -  364 words
    • Article
      Lock icon Malaysian task force formed to tackle 1MDB probe
      241 19 Kuala Lumpur MALAYSIAN police have joined the At-torney-General’s Chambers and Malaysian Anti-Corruption Commission to investigate allegations of misconduct in 1 Malaysia Development Bhd, or 1MDB. Inspector General of Police Tan Sri Khalid Abu Bakar said a task force comprising the three agencies
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      Lock icon Russian probe focuses on Chechen suspect as Nemtsov killer
      425 19 BLOOMBERG Moscow RUSSIAN investigators probing the murder of Boris Nemtsov are considering the possibility that one of the men held in connection with the opposition politician’s shooting was also the organiser. Zaur Dadaev is suspected of pulling the trigger in Mr
      BLOOMBERG  -  425 words
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  • OPINION
    • Article
      Lock icon India’s budget was no big bang event, but it is still pro-growth
      560 20 THE Indian budget, presented by Finance Minister Arun Jaitley on Feb 28, was one of the most anticipated in recent memory. Reactions have been mixed but what is apparent is that the minister’s maiden full-year budget was meant
      560 words
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      Lock icon Time to kill off zombie company Sharp
      790 20  -  THE BOTTOM LINE By william Pesek BLOOMBERG VIEW SORRY, but can anyone provide a good reason why Sharp should still be in business? As Japan Inc icons go, the beleaguered tech giant counts as borderline royalty. Founded in 1912 the year Emperor Meiji,
      BLOOMBERG VIEW  -  790 words
    • Article, Illustration
      Lock icon It may be ‘Morning Again in America’
      1163 20  -  Healthy jobs numbers reflect a picture of optimism in the US economy but the low rate of wage increases and signs of underemployment show that clouds haven’t fully lifted yet By Leon Hadar WHEN Republican President Ronald Reagan was running for re-election in
      PHOTO: AFP  -  1,163 words
    • Article
      Lock icon TPP may yet prove to be good for health care
      851 21  -  COMMENTARY By Martín Krause T The writer is professor of economics at the University of Buenos Aires, Argentina THIS week, trade negotiators from some of the world’s most powerful economies are meeting in Hawaii to thrash out the final stages
      851 words
    • Article
      Lock icon The danger in making pronouncements from numbers taken out of context
      911 21  -  COMMENTARY By Anthony Rowley CHINA’S National People’s Congress was told by premier Li Keqiang last week that the country’s gross domestic product (GDP) growth rate this year would be “around” seven per cent, down from 7.4 per cent last
      911 words
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      Lock icon Euro’s straightjacket a threat to goal of political union
      1027 21  -  Owing to its flawed design, the common currency now threatens to abort the very project that it was meant to advance. BY ANDRÉS VELASCO BY ANDRÉS VELASCO T The writer, a former finance minister of Chile, is professor of professional practice
      PROJECT SYNDICATE; PHOTO: AFP  -  1,027 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon SIA and 7 other carriers reach settlement in price-fixing lawsuit
      363 22  -  They agree to pay US$39.5 million in total to settling fund; suit continues against 5 other airlines By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SETTLEMENTS have been reached with eight airlines including Singapore Airlines (SIA) in a class action lawsuit related
      PHOTO: ST FILE  -  363 words
    • Article
      Lock icon GM strikes deal with investor, agrees to US$5b buyback
      450 22 BLOOMBERG Detroit GENERAL Motors will buy back US$5 billion in shares by the end of 2016, and activist investor Harry J Wilson will give up his request for a board seat after reaching an agreement with the automaker. Mr Wilson had
      BLOOMBERG  -  450 words
    • Article, Illustration
      Lock icon Shipping magnates stand in contrast to Greece’s troubles
      993 22 BLOOMBERG London MORE than a thousand delegates from the shipping industry gathered last month at the Hilton Athens for the Greek Shipping Forum, a day of speeches and panel discussions on private equity, ship recycling and financing. The packed reception hall was
      BLOOMBERG; PHOTO: AFP  -  993 words
    • Article
      Lock icon Seattle passengers benefit as Delta, Alaska fight it out
      819 22 WP Seatac, Washington THE first thing a traveller driving to Seattle-Tacoma International Airport sees, even before the main terminal itself, is a fleet of Boeing 737 aircraft, decked out in the blue-and-white trim of Alaska Airlines, huddled around the airport’s north
      WP  -  819 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    1011 23 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville Hyundai Future 476E 11 Mar 02 Apr 18 Apr 24 Aug 27 Apr 29 Apr 02 May 03 May 08 May 11 May 11
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      192 23 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES Shipping times Experienced shf p maintenance services wanted. Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 Announce Your Corporate Development Come
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Gaggan’s modern Indian comes out tops
      918 24  -  Singapore’s Andre and Waku Ghin get strong showing, while tables are turned with Nahm dropping from 1st to 7th and new entrants from Cambodia and the Philippines ASIA’S TOP 50 RESTAURANTS By Rachel Loi rachloi@sph.com.sg @RachelLoiBT Singapore THAILAND once again topped the Asia’s Best
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    • Article, Illustration
      Lock icon Youth singers perform with pop star Jessie J
      292 24  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT SIXTEEN youth singers from arts training centre 10sq were wildly surprised to be invited on stage during a sold-out Jessie J concert to sing along with her. The chart-topping singer sang her rousing anthem of self-confidence Masterpiece
      PHOTOS: MARINA BAY SANDS  -  292 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      332 24 CRYPTIC CROSSWORD Across 7 View of professional put on record (7) 8 Order fellow to be brought into company doctor (7) 10 Think after short break provides one with the answer (9) 11 Watery fluid the man’s put into alcoholic drink (5) 12 Austrian composer makes little girl keep very
      332 words
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      291 25 “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.
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  • SME
    • Article, Illustration
      Lock icon When there’s trouble at the family mill, call in the CEO
      1554 26  -  That is, the Chief Emotional Officer, who can manage the emotional dimension and has to be a family business member.BY member.BY NICHOLAS BRAY TWO of your fellow-share-holders in the family business are fighting over strategy. They’re your cousins, and
      PHOTO: AFP  -  1,554 words
    • Article, Illustration
      Lock icon How much control should you have over your firm?
      1049 26  -  By Morten Bennedsen T The writer is The André and Rosalie Hoffmann Chaired Professor of Family Enterprise at Insead and Academic Director of the Wendel International Centre for Family Enterprise. AS a firm’s ownership structure affects the incentives, behaviour and, ultimately,
      PHOTOS: BLOOMBERG  -  1,049 words
    • Article, Illustration
      Lock icon Alibaba: Governance by corp politburo
      1209 25 Investors might think it necessary to trade off some benefits in order to skirt around the rules. BY LAWRENCE LOH COMMENTARY T The writer is deputy head and associate professor of strategy and policy at NUS Business School. At the School’s Centre for Governance, Institutions
      PHOTO: REUTERS  -  1,209 words
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