The Business Times, 11 March 2015

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Microfilm: NL33430
Total Pages: 26
1 26 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G Z ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 Wednesday, March 11, 2015
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  • DAILY DIGEST
    • Article
      Lock icon The Singapore government will
      28 1 set aside S$450 million for the second tranche of the Construction Productivity and Capability Fund (CPCF) over the next three years. TOP STORIES 2
      28 words
    • Article
      Lock icon The Apple Watch is
      21 1 finally out and it is good-looking, pricey and unavailable in Singapore any time soon. TOP STORIES 4
      21 words
    • Article
      Lock icon The Malaysian government extends
      28 1 a nearly RM1 billion (S$373 million) loan to 1 Malaysia Development Bhd, amid allegations of improprieties levelled against the debt-saddled firm. TOP STORIES 6
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    • Article
      Lock icon The easing in lending growth in
      32 1 Singapore last year mirrors that of banks in Asia-Pacific, but some banks could benefit from changes in interest rates ahead, say broker reports. COMPANIES MARKETS 7
      32 words
    • Article, Illustration
      Lock icon Prices of Singapore real estate
      41 1 investment trusts (S-Reits) could slide by as much as 9 per cent later this year as the segment faces further headwinds from a looming interest rate hike in the United States, analysts warn. COMPANIES MARKETS 8
      41 words
    • Article
      Lock icon The biggest slowdown in oil drilling
      21 1 on record is showing signs of reining in the US shale boom. ENERGY COMMODITIES 14
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    • Article
      Lock icon A water restructuring deal
      38 1 between Malaysia’s federal government and the Selangor state has come to naught after both sides disputed whether the land on which the water pipes are laid are included in the agreement. GOVERNMENT ECONOMY 17
      38 words
    • Article
      Lock icon Warning Greece that
      31 1 it had “no time to lose”, eurozone ministers agree to technical talks between finance experts from Athens and its international creditors to start on Wednesday. GOVERNMENT ECONOMY 18
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  • Article, Illustration
    Lock icon Khaw seeks ‘soft landing’ for housing market
    749 1  -  MPs ask for ABSD adjustment for S’poreans to curb risky foreign property buys and excessive price corrections By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore NATIONAL Development Minister Khaw Boon Wan is aiming for a “soft landing” for the housing market as “a market crash
    BT Graphic Source:MND  -  749 words
  • Article, Illustration
    Lock icon Apple Watch set to be a hit, boosting local watch sector
    922 1  -  Retailers and watch fans in Singapore don’t see it competing with ‘traditional’ mechanical timepieces By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore WATCH collectors and retailers predict that the Apple Watch would be a hit in Singapore but say that
    PHOTOS: BLOOMBERG  -  922 words
  • Article
    Lock icon MARKETS
    27 1 Tuesday Change STI 3,398.26 -6.31 KL COMP 1,789.73 -2.01 NIKKEI 225 18,665.11 -125.44 HANG SENG 23,896.98 -226.07 SHENZHEN B 1,107.60 +2.40 Dow (11am EST) 17,732.10 -263.62
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  • TOP STORIES
    • Article
      Lock icon S$450m to boost productivity in the construction sector
      814 2  -  This second tranche of funds is expected to benefit about 7,000 firms in the built-environment sector BUDGET DEBATE By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore TO raise productivity in the construction sector, the government will set aside S$450 million for the second tranche
      814 words
    • Article, Illustration
      Lock icon MDA to nurture digital film and video sectors
      748 2  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore THE Media Development Authority of Singapore (MDA) is looking at developing a Creators’ Space to nurture the country’s digital film and video sectors by increasing collaboration within the community. Announcing this in Parliament on Tuesday,
      SPH FILE PHOTO  -  748 words
    • Article, Illustration
      Lock icon Easier access to justice and law firms’ expansion a focus: Law Minister
      400 2  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE government will continue refining the justice system to give the common man access to it and to protect families, said Law Minister K Shanmugam, who also outlined ways to help law
      400 words
    • Article
      Lock icon Public-service TV content to get more funding
      457 2  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore THE government will invest S$250 million per year over the next five years on public-service broadcast (PSB) programmes to make available more compelling and engaging local TV content. This is a significant increase over the S$195
      457 words
    • Article
      Lock icon Public service wages must be realistic and fair, says DPM Teo
      502 2  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore SINGAPORE must continue to keep wages in the public service realistic, and strike the right balance between recognising the ethos of political service and providing a fair salary to ensure a flow of
      502 words
    • Article, Illustration
      Lock icon Apple Watch crosses fashion, but not battery line
      1204 4  -  Its price point and battery life aside, this product will be watched for its effect on the wearable-tech market ANALYSIS By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore THE Apple Watch is finally out and it is good-looking, pricey and unavailable in Singapore
      BT Graphics Source: Competitive Landscape: Smartwatches and Smart Wristbands, Worldwide, Gartner, Sept 2014  -  1,204 words
    • Article
      Lock icon Apple’s high-fashion – and high-margin – gadgets
      424 4  - Apple’s high-fashion and high-margin gadgets fiflS REUTERS BREAKINGVIEWS By Robert Cyran New York THE most expensive new watch on Apple’s website is going for US$17,000. But the US$730 billion iPhone maker’s market capitalisation slid US$20 billion during its big reveal of the new gadget on Monday. Though the Watch starts
      424 words
    • Article
      Lock icon KL extends RM970m loan to 1MDB
      785 6  -  Funds believed to be disbursed following a cabinet meeting a fortnight ago By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore AMID allegations of improprieties levelled against 1Malaysia Development Bhd (1MDB) over its business dealings, which have triggered a high-level probe into its books, the Malaysian government
      785 words
    • Article, Illustration
      Lock icon BMW drivers in S’pore to get electronic concierge service
      719 6  -  This is part of the German brand's intelligent driver-car-environment network technology By Samuel Ee samuelee@sph.com.sg Singapore BMW is introducing a concierge service for its car owners this month under its “Connected Drive” intelligent network technology. Concierge services are already common in
      719 words
    • Article
      Lock icon Bukit Panjang light rail back to full service on Tuesday afternoon
      445 6  -  LRT fare will be waived till noon on Wednesday; bus bridging services free till further notice By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE Bukit Panjang Light Rail Transit (BPLRT) was down for nearly 24 hours, with services resuming fully
      445 words
    • Article
      Lock icon Consumer prices up in China but producer index slides
      493 6 REUTERS Beijing THE pace of Chinese inflation unexpectedly picked up in February, but producer prices continued to slide, underscoring the intense pressure on profit margins at Chinese companies and adding urgency to policymakers’ efforts to find new ways to support growth.
      REUTERS  -  493 words
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      123 6 10aM 7pm 15th-16thAug2015 SUNTECSINGAPORE CONVENTION&EXHIBITIONCENTRE LEVEL4,EXHiBITIONHALL403&404 Average 20,000 VISITORS Over 5 PAID WORKSHOPS A Uniquely POSITIONED EVENT Exclusively Developed To Be An Effective Premier Marketing Branding Platform for Financial Institutions in Asia 5 Reasons to Exhibit in INVEST FAIR 2015 Engage Active Retail Investors in 1 place over 2 days
      123 words
    • Advertisement
      Lock icon Page 6 Advertisements Column 2
      303 6 Dr Tee Tong Yan Founder Educator SMARTS Enterprise Pte Ltd There is always a blind spot in each type of investment methodology. Fundamental Analysis (FA) believers may purchase fundamentally strong stocks at very high prices, thus having a high risk of price correction in a volatile market. On the other
      303 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon SGX in early talks to join regional rubber exchange
      392 7 REUTERS Singapore SINGAPORE Exchange (SGX) is in preliminary talks to be part of a regional rubber exchange that would bring together the top three producing nations, industry sources said. SGX held a meeting late last month with the International Tripartite Rubber
      REUTERS  -  392 words
    • Article
      Lock icon ICE delays Singapore launch following China legal threat: FT
      242 7 REUTERS Manila INTERCONTINENTAL Exchange Inc has pushed back the launch of its Singapore platform to the middle of the year from this month, with the Financial Times (FT) reporting that the delay was due to a Chinese bourse threatening legal action.
      REUTERS  -  242 words
    • Article
      Lock icon BOC Aviation posts 11% profit increase for FY14
      278 7  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore AIRCRAFT leasing company BOC Aviation chalked up an 11 per cent rise year on year in post-tax net profit to US$308.6 million for the financial year ended Dec 31, 2014, in tandem with higher revenue. Revenue
      278 words
    • Article, Illustration
      Lock icon Interest rate changes could boost some banks with slow loan growth
      460 7  -  Singapore bank lending growth in Dec slowest since March 2010 By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE EASING in lending growth in Singapore last year mirrors that of banks in Asia-Pacific, but some banks could benefit from changes in
      460 words
    • Article
      Lock icon S-Reit prices could slide as much as 9% this year, say analysts
      584 8  -  RHB Securities estimates DPU yields are around 5.9% now and could rise to 6.5% later this year once the Fed starts raising rates By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore PRICES of Singapore real estate investment trusts (S-Reits) could
      584 words
    • Article, Illustration
      Lock icon Prudential’s Thiam to be CEO of Credit Suisse
      578 8 BLOOMBERG Zurich CREDIT Suisse Group AG named Prudential Plc’s Tidjane Thiam to replace Brady Dougan as chief executive officer as the bank grapples with regulations that have hurt earnings. Mr Dougan will step down at the end of June, Credit Suisse said
      BLOOMBERG; PHOTOS: REUTERS, BLOOMBERG  -  578 words
    • Article
      Lock icon Prudential posts 14% rise in operating profit
      292 8  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore PRUDENTIAL on Tuesday posted a 14 per cent increase in operating profit in 2014 from a year ago, thanks to broad-based growth across Asia, the US and the UK. Pre-tax operating profit for the period stood at
      292 words
    • Article, Illustration
      Lock icon Gold unlikely to regain poise in near-term
      1038 9  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore GOLD fell further from grace in the wake of Friday’s stronger-than-expect-ed US jobs report, which boosted expectations of a mid-year US interest rate hike. After breaking past two price support levels, the yellow metal rebounded slightly
      Source: Bloomberg  -  1,038 words
    • Article
      Lock icon NH Ceramics completes reverse takeover of BlackGold
      141 9 Singapore HAVING completed the reverse takeover of BlackGold, NH Ceramics is now known as BlackGold Natural Resources, and has officially become a coal producer. The deal, which has been in the making since March 2013, was completed on Tuesday. The Catalist-listed building materials
      141 words
    • Article, Illustration
      Lock icon Investors wary of impact of coming Fed hike on portfolios
      1055 9  -  But they are looking for returns in growth stocks and Asian markets in place of sovereign bonds and US stocks By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore INVESTORS are getting wary of what a Federal Reserve interest rate hike would do
      Source: Bloomberg  -  1,055 words
    • Article
      Lock icon Macau casino shares fall as Deutsche Bank turns bearish
      345 9 BLOOMBERG Hong Kong GAMING shares from Sands China to Wynn Macau dropped as Deutsche Bank AG recommended selling all six Macau casino operators, joining a chorus of investment banks that don’t see a recovery anytime soon. The opening of two new
      BLOOMBERG  -  345 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 10 STI Catalist Straits Times index March 10,2015 3,398.26 -6.31 (-0.19%) Current streak 2 days Day high 3,416.39 Day low 3,394.52 52-week high 3,444.57 (Feb 11, 2015) 52-week low 3,057.20 (Mar 20, 2014) ftse ST Catalist index March 10,2015 690.38 +0.63 (+0.09%) Current streak 1 day Day high 693.75 Day low
      63 words
    • Article, Illustration
      Lock icon Stocks weaken in line with HK sentiment
      640 10  -  Traders say Wall Street volatility sparked by interest rate concerns is casting uncertainty around world markets STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index (STI) on Tuesday fell 6.31 points to 3,398.26 in a listless session with few redeeming features. Traders
      Source: Bloomberg  -  640 words
    • Article
      Lock icon STI STOCKS
      321 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 250 +3 252/247 263 213 5.7 6320.9 CapitaLand 345 -1 351/344 371 268 12.6 2.6 *****.6 CapitaMall Trust 208 -1 211/208 226 186.5 5.2 7215.6 CityDev 1005 cd -3 1016/1003 1118 907
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    • Article
      Lock icon MOST ACTIVE
      33 10 VOLUME Noble 75,312,000 Ellipsiz 44,719,800 IHC 44,248,600 Genting Sing 43,230,800 Biosensors 27,868,400 Market volume 1,272,127,000 VALUE SingTel 97,173,643 DBS Grp 91,738,696 Noble 72,083,593 UOB 49,087,177 OCBC Bank 46,825,385 Market value 1,182,829,000
      33 words
    • Article
      Lock icon SGX ETFs
      111 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap UETF SSE50China 225 -3 356 228/225 238/140 224/228 70.3 IS MS India US$ US790 -7 222 810/790 1000/580 790/791 98.8 STI ETF 339 -1 148 341/339 349/305 338/339 IS ASIA HYG US$ US1044 111 1044/1044 1119/1013
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Mar 10 VALUE CLOSE BT OB/OS -548.00 -88.00 BT CADI -*****.00 -52.00 BT 10-day MA -*****.00 -55.00 FTSE ST Mid Cap 775.42 -2.19 FTSE ST Small Cap 481.51 -1.49 FTSE ST All Share 814.80 -1.71 FTSE ST China Top 191.26 -0.10 FTSE ST China 235.50 -0.24 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      34 10 STI FTSE ST All-Share ftse ST All-Share index March 10,2015 814.80 -1.71 (-0.21%) Current streak 2 days Day high 819.29 Day low 814.80 52-week high 827.11 (Feb 11,2015) 52-week low 745.24 (Mar 20, 2014)
      34 words
    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 10 STI MSCI EAFE MSCI EAFE Index March 9,2015 1,838.61 -9.98 (-0.54%) Current streak 2 days Day high 1,848.38 Day low 1,836.38 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 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 7 4 0 0 0 3 7 4 Manufacturing 43 43 47 4 8 12 47 51 59 Commerce 22 25 17 3 4 3 25 29 20 Tpt/Stor/Comms 14 16 10
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,322 18,322 72,125 72,125 Manufacturing 176,049 35,128 211,177 110,965 3,082 114,047 Commerce 161,323 22,905 184,228 119,370 694 120,063 Tpt/Stor/Comms 127,530 5,476 133,006 211,028 391 211,419 Finance 20,299 64 20,363 212,155 15 212,170 Construction 51,764 10,664
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    • Article
      Lock icon GAINERS
      74 10 BY CENTS CLOSE UP 52w high/low Jardine C&C 4263 61.0 1.5 4901/3850 DBXT S&P Short US$ 2200 41.6 1.4 2602/2160 DairyFarm USD 969 22.2 1.7 1090/849 Hyflux 6% CPS ***** 20.0 0.2 *****/***** Lyxor Europe US$ 1460 8.3 0.4 1678/1338 BY PERCENTAGE CLOSE UP 52w high/low Ouhua Energy 2.3
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    • Article
      Lock icon LOSERS
      75 10 BY CENTS CLOSE DOWN 52w high/low SPDR S&P500 US$ ***** -387.8 -1.3 *****/***** DBXT Nifty US$ ***** -331.0 -1.7 *****/***** DBXT MSKorea US$ 5606 -195.3 -2.5 6735/5484 GLD US$ ***** -193.9 -1.2 *****/***** DBXT E50 US$ 4910 -163.4 -2.3 5630/4562 BY PERCENTAGE CLOSE DOWN 52w high/low ChinaGaoxian W*****8 0.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      77 10 VOL CLOSE($) CHANGE Ouhua Energy^ 300.0 0.023 +0.010 +76.92 Luxking 216.1 0.020 +0.005 +33.33 Serrano 200.0 0.190 -0.020 -9.52 LH 3,552.0 0.003 -0.001 -25.00 Ziwo 388.7 0.043 -0.011 -20.37 Renewable Energy 200.0 0.016 -0.010 -38.46 Ellipsiz 44,719.8 0.112 +0.004 +3.70 Cortina 59.0 0.840 +0.040 +5.00 ASTI 9,718.9 0.047
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    • BROKERS’ TAKE
      • Article
        Lock icon Offshore and Marine
        156 10 Underweight Maybank Kim Eng Research, March 10 Q4 2014 disappointed but business could get worse in H1 2015. We see growing earnings forecast risks for some and have switched from price-to-earnings to price-to-book to value them. Keppel and Sembcorp Marine remain beleaguered by Petrobras corruption probes, which
        156 words
      • Article
        Lock icon Singapore strategy
        182 10  -  Compiled by Cai Haoxiang Citi Research, March 9 TOP picks for 2015 are DBS (highest net interest margin leverage to eventual rates rises), OCBC (Wing-Hang acquisition synergy upside), China-exposed firms CapitaLand (sizeable investment portfolio hedges weak residential market), Wilmar (proxy for Asia’s food needs), and Venture Corp (industrial
        182 words
    • Article
      Lock icon CALENDAR
      17 10 DATA I 8pm (March 11) US MBA mortgage applications I 9.30am (March 11) China industrial production
      17 words
    • Article
      Lock icon US$ hits near 8-year high on hopes for rate hike
      404 11 CURRENCIES AFP Tokyo THE US dollar hit a near eight-year high against the yen on Tuesday on mounting speculation that the Federal Reserve will lift interest rates by mid-year as the US economy picks up strength. In Tokyo, the greenback
      AFP  -  404 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Mar 10 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.966 4.790 0.708 5.935 47.936 99.960 0.932 8.584 2.826 1.048 77.792 33.857 1.060 9.324 0.758 24.131 25.006 0.507 0.765 Canada 1.035 4.956
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      • Article, Illustration
        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 Mar 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0594 1.0602 0.7649 0.7650 Canadian dollar 1.0960 1.0972 0.7917 0.7913 Euro 1.4957 1.4968 1.0799 1.0800 NZ dollar 1.0105 1.0114 0.7296 0.7298 Sterling pound 2.0886 2.0905 1.5080 1.5084
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Mar 10 S$ Bid Offer 1-month 1.3864 1.3876 2-months 1.3879 1.3892 3-months 1.3896 1.3909 6-months 1.3920 1.3935 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        371 11 Mar 10 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.01 *****.38 *****.06 Mar15 *****.00 *****.00 *****.00 *****.00 *****9 *****6 Jun15 *****.00 *****.00 *****.00 *****.00 ***** ***** MSCI TAIWAN INDEX FUTURES SPOT 353.06 353.73 351.39 Mar15 354.30 354.50 351.10 351.90 ***** *****3 Apr15 354.50
        371 words
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        207 11 Most active Mar 10 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****0 11.4 0.4 7070 0.2 1980 1 FTSEChinaA50 ***** MBeCW*****8 10.2 -1.9 4482 0.0 2 Singapore ExchangeMBeCW*****3 12.2 -0.1 4429 0.2 790 5 UOB MB
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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 Mar 9 Index Change Change Change Change Change Change World Preliminary 1329.5 0.0 4.2 -0.1 6.0 0.0 1.9 EAFE Preliminary 1076.3 -0.5 9.1 -0.6 7.8 -0.5 3.6 Europe Preliminary 1518.4 -0.3 9.9
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 Mar 10 $S Offer Bid 0vernight 0.08 0.03 1-month 0.7500 0.6250 2-months 0.8125 0.6875 3-months 0.9375 0.***** Overnight mode: 0.42 US$ 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 11 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** Mar 10 SWAP Offer rates (S$) 1 mth 0.***** 3 mths 1.***** 6 mths 1.***** Source: Thomson Reuters
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 11 Mar 10 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.26 5-Year N*****0H 1.625 01-Oct-19 98.98 99.25 99.05 10-Year NY*****H 3.000 01-Sep-24 104.1 104.85 104.05 15-Year NY*****E 2.875 01-Jul-29 100.76 101.65 100.70 20-Year NZ*****V 3.375 01-Sep-33 105.78 107.30 106.30
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        224 11 Mar-9 Ptce H* Uunw* Srtwty 1*1 frier Agricultural tatii sa/oarsffs crow 900 Mary uki»: chot soybean on ae cnuts/w) *>S3 0.83?:. '3/03.'301 i cuiiMwriiWuvainKlni) im. l;M»/Jll|/l iipi=E r«»|f®tonnw 3>»m .un« Mar-9 vwirv?nr. ufh iwriiuiinporv.i ».oa 3)OKOi: Lir-re wniiu Ufa (utt/iuwo) JTOa ixvl 1 it.:. Mctoli CTf.f. *oid(W«/j ITWW
        224 words
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      Lock icon Page 7 Advertisements Column 1
      287 7 5 STAR AIRLINE SKYTRAX r\ ■S#r) y 4 V •V v» v r '-W VV" <_ •V 1 ft .1 N V. 1 •V i J J **u; r- 6 i A A,' a 4a V M 4 Feel the tranquillity, the essence of comfort in our fully flat reclining
      287 words
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  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      606 8 f An advertising feature presented to you by STProperty EVE CITS What is the outlook and pitfall(s) in the private residential property market in Singapore for *i V- ATTEND OUR SEMINAR FOR A CHANCE TO WIN A SAMSUNG GALAXY NOTE 4! t w m WRITTEN BY LOON CHENG YEE 2015
      606 words
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      215 9 MBFC TOWER 2 PSA BUILDING SIX BATTERY RD SUNTEC TOWER 3 1 THE METROPOLIS SINGAPORE’S FINEST SERVICED OFFICES Fully furnished prestigious offices Business registration offices available Dedicated receptionist answering your calls the way you would like Meeting rooms, bilingual secretaries Global IT infrastructure 5 days free at any location across
      215 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon MCL Land tops bids for Jurong West site
      713 12  -  MCL planning higher proportion of 1 and 2 bedders to complement mostly 3 and 4 bedroom unsold stock in its Lakeville project next door By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore CHARGED with confidence from its experience with launching two condo projects in
      713 words
    • Article, Illustration
      Lock icon Frasers to start selling condos in Yishun project at end-March
      688 12  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore NORTH Park Residences, Frasers Centrepoint Ltd’s (FCL) newest condominium project in Yishun, is slated to begin sales at the end of this month, with a preview starting this weekend for buyers to express interest
      PHOTO: FRASERS CENTREPOINT  -  688 words
    • Article, Illustration
      Lock icon New NTU hub to be hive of learning and interaction
      410 12  -  By Prisca Ang prisang@sph.com.sg Singapore LIKE a beehive, the latest learning hub unveiled by Nanyang Technological University (NTU) on Monday looks remarkably self-sufficient. The eight-storey building, involving a collection of towers surrounding a central space, has 56 new-generation smart classrooms
      PHOTOS: HUFTON AND CROW  -  410 words
    • Article
      Lock icon Feb condo resale prices continue to stagnate
      534 12  -  By kalpana@sph.com.sg Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore RESALE prices of condominiums and private apartments continued to stagnate, remaining flat in February over the preceding month, according to flash estimates released by SRX Property on Tuesday. SRX Property also said that the month-on-month change
      534 words
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      86 12 AUCTION 26 MAR 2015 1 Benoi Place JTC detached factory (3 blks) Land approx. 117,227 sq ft Floor Area approx. 81,352 sq ft Lease expiry 31/12/2026 26 Cavan Road 4-storey hotel (32 roooms) Near Lavender MRT Land area approx. 1,919 sq ft Freehold #08-09 Seascape Bank Sale Duplex penthouse with
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      77 12 INDUSTRIAL BUILDING FOR SALE Address: Philips TP4 Building at 5 Toa Payoh West Land Area: 63,163 sq ft approx. Gross Floor Area: 158,075 sq ft approx. Tenure: Approx. 35 years from JTC wef 1994 Zoned Business 1, permissible plot ratio: 2.5 FOR SALE BY EXPRESSION OF INTEREST Closing: 2 April
      77 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Worse to come in Malaysia dollar debt
      918 13 Market sentiment affected by political noise around 1MDB, trade pressure, current account and fiscal position BLOOMBERG Singapore MALAYSIAN company dollar bonds are Asia’s poorest performing this year and investors say that worse is to come. Notes from the oil-exporting nation are the only
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      Lock icon China banks keen to take on brokerages as govt hints at opening sector
      553 13 BLOOMBERG Shanghai CHINESE banks are preparing to take advantage of any easing of government restrictions to challenge the likes of Citic Securities Co and China International Capital Corp (CICC) in the nation’s booming brokerage industry. Industrial Bank
      BLOOMBERG; PHOTO: REUTERS  -  553 words
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      2379 13 Does your child THINK 7 and TALK 7 Science? f i Learn, Equip, Practise RIGHT! for success in Primary Science L'\SC/ processes m a Memorising facts alone is no longer enough for good grades. Today's Science examination requires students to identify relevant facts, apply them in correct context and communicate
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Growth in US shale oil output seen slowing to 4-year low in April
      477 14 Number of rigs down 41% since December due to oil price crash BLOOMBERG Houston THE biggest slowdown in oil drilling on record is showing signs of reining in the US shale boom. US shale oil output is
      BLOOMBERG; REUTERS FILE PHOTO  -  477 words
    • Article
      Lock icon Exxon looks to US shale fields to drive global growth
      827 14 BLOOMBERG Chicago IN a world of US$55 a barrel oil, Exxon Mobil Corp is relying on shale fields in Texas, Oklahoma and North Dakota to help fund the next wave of big overseas projects it needs to thrive in the
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      Lock icon Rice shipments from Vietnam climbing on lower prices
      359 14 BLOOMBERG Hanoi RICE exports from Vietnam, the world’s third-largest shipper, will probably rebound this year as lower prices boost demand, while competition with Thailand keeps the gain to single digits, according to the government. “The Chinese market will definitely become active again
      BLOOMBERG; PHOTO: REUTERS  -  359 words
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      Lock icon Fine-chocolate exporter builds fame on remote African island
      877 14 BLOOMBERG Accra CLAUDIO Corallo is a reluctant celebrity as Africa’s only maker and exporter of fine chocolate. His delicacies sell at US$26.50 for a 160-gramme box in Palo Alto, California, in a shop a stone’s throw away from a Louis Vuitton store
      BLOOMBERG; PHOTO: BLOOMBERG  -  877 words
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  • TECHNOLOGY
    • Article
      Lock icon Looking for a phone number? Try Truecaller
      811 15 Fast-growing app uses crowdsourced information to provide personal directory services BLOOMBERG Stockholm THE Internet has largely shoved aside the old Yellow Pages commercial phone directories. A Swedish startup called Truecaller aims to do the same for the White Pages personal listings and their
      BLOOMBERG  -  811 words
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      Lock icon Apple’s new MacBook is thinner and lighter
      389 15 BLOOMBERG (San Francisco APPLE Inc said its thinnest and lightest laptop just got skinnier, introducing a new MacBook with technologies that cram more features into a smaller case. Apple said the new laptop will weigh 900 grams and measure 13.1 millimetres in its
      BLOOMBERG; PHOTO: BLOOMBERG  -  389 words
    • Article
      Lock icon Apple’s new app allows scientists to gather patient data
      467 15 REUTERS Chicago US HEALTH researchers said that they are targeting millions of smartphone users with Apple Inc’s new software tool, hoping to collect an unprecedented amount of data on major diseases by tracking their behaviours via iPhone. The ResearchKit software tool,
      REUTERS  -  467 words
    • Article
      Lock icon Tumour profile tests offer some hope to cancer patients
      891 15 Studies have found them promising but further investigation is needed WP Washington WHEN Jen Morey was diagnosed with colon cancer in June 2013, her oncologist began treating her with a chemotherapy usually prescribed for that type of cancer. But after a
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  • Page 15 Advertisements
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      1111 15 Sale of Assets by Liquidator For sale on an “as-is-where-is” basis: -Volvo, Komatsu excavators Yanmar excavator and breakers Volvo soil compactors Lorries Please call 6534 7088 to obtain the Information Memorandum. The sale closes at 5pm, 18 March 2015. IN THE MATTER OF COMPANIES ACT, CAP. 50 AND IN THE
      1,111 words
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  • CONSUMER
    • Article, Illustration
      Lock icon German economy receives boost from local spending spree
      972 16 Low interest rate on savings, falling unemployment and oil prices driving consumption in 2015 REUTERS Berlin SALES of new kitchens are up more than 10 per cent already this year at German kitchen maker Haecker. For those who would rather someone else
      REUTERS; PHOTO: REUTERS  -  972 words
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      Lock icon Activists threaten to taint New Zealand infant formula
      665 16 REUTERS Wellington SUSPECTED environmental activists have threatened to contaminate infant formula in New Zealand, the world’s largest dairy exporter, in an attempt to halt the use of an agricultural poison on pests such as rats and possums. New Zealand police said on
      REUTERS; PHOTO: BLOOMBERG  -  665 words
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      Lock icon Bangladesh company offering cheap copy of Gilead’s blockbuster hep C drug
      886 16 BLOOMBERG Mumbai A US$ 10 version of Sovaldi, the Gilead Sciences Inc hepatitis C treatment that sells for US$ 1,000 a pill in the US, is now available in Bangladesh and could make its way to other parts of
      BLOOMBERG; PHOTO: BLOOMBERG  -  886 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Stalemate in Malaysian water dispute
      598 17  -  Federal government, Selangor fail to reach agreement over land that water pipes are laid on By Pauline Ng btworld@sph.com.sg Kuala Lumpur A WATER restructuring agreement between Malaysia’s federal government and the Selangor state has come to naught after both sides disputed whether the land on
      598 words
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      Lock icon China’s deficit plans put squeeze on local govt financing
      678 17 Some of the major providers of such funding fear they could go under as pressure on them is huge REUTERS Beijing CHINA’S plan to run its biggest fiscal deficit since the global financial crisis may help develop its bond market, but
      REUTERS; PHOTO: BLOOMBERG  -  678 words
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      Lock icon Modi’s Indian Ocean tour to keep China’s influence in check
      846 17 BLOOMBERG Hong Kong PRIME Minister Narendra Modi began a tour of three Indian Ocean countries on Tuesday, looking to prevent China from establishing a military foothold in a region that his nation has dominated for decades. Mr Modi will visit
      BLOOMBERG; PHOTO: BLOOMBERG  -  846 words
    • Article
      Lock icon Official warns of challenges for China pension fund
      363 17 REUTERS Beijing CHINA’S pension fund will come under tremendous pressure to break even in coming years and as such, the government needs to gradually raise the official retirement age to salvage the finances, a top official said on Tuesday. Yin Weimin, minister
      REUTERS  -  363 words
    • Article
      Lock icon Greece to start talks with eurozone ministers on Wednesday
      775 18 Athens has tried patience of EU by arguing over form, venue for talks required to establish its needs REUTERS Brussels WARNING Greece that it had “no time to lose”, eurozone ministers agreed to technical talks between finance experts from Athens and
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      Lock icon Eurozone bond yields plumb new lows after QE launch
      566 18 ECB and national central banks start programme of buying govt bonds REUTERS London YIELDS on bonds of nearly all euro zone countries hit record lows on Tuesday, a day after the European Central Bank began purchases under a 1 trillion euro
      REUTERS; PHOTO: REUTERS  -  566 words
    • Article
      Lock icon Abe vows new five-year plan to rebuild from 2011 disaster
      229 18 REUTERS Tokyo JAPANESE Prime Minister Shinzo Abe on Tuesday vowed to draw up a new-five year plan to speed rebuilding from a massive 2011 tsunami and the world’s worst nuclear disaster since Chernobyl that have left thousands still homeless. Mr
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      Lock icon EU ministers agree on 315b euro investment plan
      408 18 REUTERS Brussels EU finance ministers agreed to the details of a 315 billion euro (S$469.7 billion) investment plan on Tuesday to help revive the European economy without piling up more debt, and now aim to get the first projects going by the
      REUTERS  -  408 words
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      Lock icon Indonesia to impose anti-dumping import duties to strengthen rupiah
      399 18 REUTERS Jakarta INDONESIA will impose a series of regulations, including temporary antidumping import duties, to help narrow the current account deficit and prop up a weakening rupiah in Southeast Asia’s largest economy, the finance minister said on Tuesday. The rupiah slipped
      REUTERS  -  399 words
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  • TRANSPORT
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      Lock icon Big is beautiful? Maybe not, for safety reasons
      836 19  -  If even smaller ships have structural-integrity issues, mishaps involving behemoths are too awful to imagine STRAIT TALK BY DAVID HUGHES WHEN the the first pur-pose-built container ships appeared, they seemed enormous to those of us who were sailing on the general cargo
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      Lock icon SUVs and minivans drive up China auto sales in Jan and Feb
      478 19 BLOOMBERG Shanghai CHINA’S auto sales accelerated in the first two months of this year, led by demand for sport utility vehicles and minivans. Retail deliveries of passenger vehicles increased by 16 per cent to 3.49 million units in
      BLOOMBERG; PHOTO: AFP  -  478 words
    • Article
      Lock icon Cheap oil doesn’t deter Japanese shipbuilders from betting on LNG
      1129 19 BLOOMBERG Tokyo AT A shipyard in southern Japan, Mitsubishi Heavy Industries engineers envision the newest fuel-efficient engines for liquefied natural gas carriers while others design tanks with greater capacity. Years after South Korean rivals became the world’s largest shipbuilders, the
      BLOOMBERG  -  1,129 words
    • Article
      Lock icon Asian airlines facing pilot shortage
      679 20 There aren’t enough training centres in the region while western schools are far too expensive BLOOMBERG Shanghai ASIA’S aviation market is booming, but the supply of pilots isn’t nearly keeping pace with the demand for flights. Airlines are already struggling with shortages in staff. Two
      BLOOMBERG  -  679 words
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      Lock icon HK International Airport risks hurting its attractiveness if fees raised: Iata
      527 20 BLOOMBERG Hong Kong HONG Kong International Airport, the world’s largest handler of air cargo, risks hurting its competitiveness if the operator raises the fees it charges airlines to pay for a third runway, the International Air Transport Association (Iata)
      BLOOMBERG; PHOTO: BLOOMBERG  -  527 words
    • Article
      Lock icon Airbus planning sale of more assets to tighten portfolio: sources
      426 20 BLOOMBERG London AIRBUS Group NV is preparing the sale of additional space and component assets as it focuses on the com-mercial-jet business, people familiar with the matter said. The company is planning the sale of satellite-communications services company Vizada, said
      BLOOMBERG  -  426 words
    • Article
      Lock icon Uber pledges to enlist 1m female drivers by 2020
      301 20 REUTERS San Francisco RIDE-HAILING app Uber, under intense scrutiny due to a handful of driver assaults on passengers in some cities, pledged in a blog post to sign up one million female drivers globally by 2020. The ride service did not
      REUTERS  -  301 words
    • Article
      Lock icon Abbott abandons plan to cut subsidies for struggling car makers
      421 20 BLOOMBERG Canberra PRIME Minister Tony Abbott abandoned a plan to cut A$900 million (S$953 million) in funding to car producers and component makers in Australia as he attempts to boost the government’s flagging poll ratings. The government will maintain full
      BLOOMBERG  -  421 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    1929 21 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 HAN SYMPHONY 1 60 28/3 29/3 1/4 4/4 ISTORYA 1 120 29/3 2/4
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  • Page 21 Advertisements
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      107 21 Experienced shf p maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES Make A Splash In The Maritime World Via s|5iiSnartime.coM Ahoy there! If you are in a business pertaining to any sector
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  • OPINION
    • Article
      Lock icon Companies and policies must adapt to continued tight labour market
      555 22 EDITORIAL THE Singapore economy will no doubt witness many changes over the next decade. But one thing that very likely, if not certainly, will not change is the state of the labour market; it will continue to be tight and
      555 words
    • Article
      Lock icon Scepticism about US policy in the Middle East
      837 22  -  The fear is that the nuclear deal with Iran will be so weak that the regime will develop a “breakout capability”, ie the capacity to build and test a nuclear bomb relatively swiftly. THE BOTTOM LINE By Neil Behrmann AMERICAN foreign policy
      837 words
    • Article, Illustration
      Lock icon Changes in transfer pricing in Singapore
      1052 22  -  IRAS is reviewing how it’s practised by S’pore taxpayers. Companies would do well to pay heed to ensure compliance with the arm’s-length principle.BY SEE JEE CHANG AND LEE SIEW YING principle.BY JEE CHANG, LEE SIEW YING T The writers are, respectively, tax partner and
      FILE PHOTO  -  1,052 words
    • Article
      Lock icon Growth strategy, not austerity, is what Greece needs
      1018 23  -  COMMENTARY By Ricardo Hausmann T The writer is director of the Center for International Development and professor of Practice of Economic Development at the John F Kennedy School of Government at Harvard University, and a former Venezuelan minister of planning WHEN looking
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      Lock icon Visionary leadership needed for disaster resilience
      901 23  -  By Shamshad Akhtar T The writer is an under-secretary-general of the United Nations and executive secretary of the Economic and Social Commission for Asia and the Pacific (ESCAP). she is also the UN’s Sherpa for the G-20 and previously served as governor of the
      PHOTO: REUTERS  -  901 words
    • Article, Illustration
      Lock icon Being viewed as No 1 is a problem for Beijing
      1078 23  -  By Andrew Hammond T The writer is an associate at LSE IDEAS at the London School of Economics, and a former UK government special adviser CHINESE Premier Li Keqiang announced last Thursday that the government had set its economic growth
      PHOTO: REUTERS  -  1,078 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Simpsons co-creator Sam Simon dies at 59
      1191 24 He helped populate Springfield, the fictional town where the Simpsons live NYT New York SAM Simon, who was one of the major creative forces behind The Simpsons and who left the show after its fourth season in a lucrative arrangement that allowed him
      NYT; PHOTO: REUTERS, FILE  -  1,191 words
    • Article
      Lock icon Extramarital dating site draws French flak
      633 24 NYT Paris IN a country recently transfixed by the trial of a famous politician that revealed details of his orgy escapades, and where the president was found to be cheating on his live-in partner, an ad promoting extramarital affairs might not seem like such
      NYT  -  633 words
    • Article, Illustration
      Lock icon UK’s Crufts plays down ‘rumours’ of five more dog poisonings
      401 24 AFP London BRITAIN’S Crufts has played down reports that several more dogs were suspected poisoned at the dog show, after the death of a prize-winning Irish setter sent shockwaves through the breeding world. A probe was launched after the owners
      AFP; PHOTO: AFP  -  401 words
    • Article
      Lock icon Telling kids they’re special may foster narcissism: study
      489 24 Miami CHILDREN who are told they are special by their parents are more likely to become narcissists, according to a study on Monday that aimed to uncover the origins of extreme selfishness. The research in the Proceedings of the National Academy of
      489 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      329 24 CRYPTIC CROSSWORD Across 5 Husband in Christmas show, Marley at first, then ghost (7) 7 Birds chatter about new bag (7) 9 Only admitting copper at the right moment (2,3) 10 Candidate’s cold sore, one almost being concealed (9) 11 First to spot a spot of misguided flattery (4,4) 13
      329 words
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  • EXECUTIVE MONEY
    • Article, Illustration
      Lock icon Concerns about deflation from obscure source
      1124 26  -  Pay attention to disturbing signs from a young and normally unnoticed derivatives market providing new perspectives on inflation expectations By Justin Wolfers NYT SOMETHING unusual is happening to prices in the US right now: they are falling. The recent sharp decline in petrol prices
      NYT; PHOTO: AFP  -  1,124 words
    • Article
      Lock icon More buys than sells of Singapore stocks
      472 25 ON THE RADAR GLOBAL mutual funds were net buyers of Singapore stocks in the three months to March 4. Based on the top five stocks transacted, there were net buys of S$1.07 billion compared to net sells of S$ 774.5 billion. This week,
      472 words
    • Article, Illustration
      Lock icon Buffett losing some shine after 50 years
      1057 25  -  His long-term performance is nothing but astounding, but in five of the last six years he has underperformed the S&P 500, using book value By Jeff Sommer NYT New York WARREN Buffett is taking a victory lap, and on the 50th anniversary of
      NYT; PHOTO: REUTERS  -  1,057 words
    • Article
      Lock icon How to really become a millionaire
      888 25  -  By Ron Lieber NYT THE rich are different from you and me, though maybe not quite like we think they are. We imagine athletes, entertainers and, more recently, entrepreneurs, when we ponder the wealthy. But the enduring lesson of the classic personal finance book
      NYT  -  888 words
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      Lock icon Page 26 Advertisements Column 1
      130 26 Stepping up our Commitment to Private Wealth Management in Asia As a global Leader in wealth management with over US$2 trillion in client assets, Morgan Stanley is committed to building trusting and rewarding relationships with clients as we continue to invest in our Private Wealth Management platform in Asia. We
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      Lock icon Page 26 Advertisements Column 2
      22 26 ON THE RADAR More buys than sells of Singapore stocks 25 US SHALE Growth slows as price crash idles drilling rigs 25
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