The Business Times, 13 March 2015

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Microfilm: NL33430
Total Pages: 36
1 36 The Business Times
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  • Title Section
    Lock icon Masthead
    24 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G C ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 Friday, March 13,2015
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  • DAILY DIGEST
    • Article
      Lock icon The Medisave Contribution Ceiling
      33 1 the upper limit on Medisave savings will be renamed the Basic Healthcare Sum from next January, to bring it in line with Central Provident Fund terminology. TOP STORIES 2
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    • Article
      Lock icon The Monetary Authority
      33 1 of Singapore has met twice with representatives of the 1,225 remisiers who in January wrote to Finance Minister Tharman Shanmugaratnam about issues plaguing the local stock market. TOP STORIES 3
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    • Article, Illustration
      Lock icon The European Central Bank’s
      27 1 aggressive negative interest rate 1.1 trillion euro (S$1.6 trillion) quantitative easing policy is causing dislocation in European and global markets. TOP STORIES 4
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    • Article
      Lock icon Singapore companies pay
      29 1 their senior and top management the most in Asia in US dollar terms, according to a study by professional services company Towers Watson. COMPANIES MARKETS 6
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    • Article
      Lock icon All large US banks pass
      27 1 the annual regulatory test that aims to assess whether they can make it through a financial and economic calamity. BANKING FINANCE 10
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    • Article
      Lock icon China’s central bank governor
      26 1 signals that Beijing is comfortable with the current macroeconomic environment and plans to stick with its “prudent” monetary policy. GOVERNMENT ECONOMY 20
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    • Article
      Lock icon China is preparing to overhaul
      30 1 its bloated and inefficient state-run companies to bolster an economy forecast to grow at the slowest pace in more than two decades. GOVERNMENT ECONOMY 21
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    • Article
      Lock icon AirAsia is still considering
      26 1 an initial public offering for its Indonesia affiliate, whose Flight 8501 crashed and killed 162 people on board in December. TRANSPORT 24
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  • Article, Illustration
    Lock icon National manpower strategy pivots on mindset change
    873 1  -  The govt, citizens and employers all have to play their part to produce industry-relevant skills, lifelong learning BUDGET DEBATE By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore THIS year’s Budget debate has moved beyond the usual manpower crunch grouses, towards the need for indus-try-relevant skills
    873 words
  • Article, Illustration
    Lock icon 1MDB saga extends to Swiss bank in S’pore
    1153 1  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore SINGAPORE has unwittingly found itself drawn into the 1 Malaysia Development Bhd (1MDB) saga after it was revealed that a local branch of Swiss private bank BSI is keeping the state-backed firm’s money that was redeemed
    BT Graphics: Anita Gabriel, Ludwig Ilio Compiled by BT  -  1,153 words
  • Article
    Lock icon MARKETS
    27 1 Thursday Change STI 3,373.60 (-4.99) KL COMP 1,786.87 (+8.71) NIKKEI 225 18,991.11 (+267.59) HANG SENG 23,797.96 (+79.99) SHENZHEN B 1,111.21 (+2.91) DOW (noon EDT) 17,824.38 (+188.99)
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      64 1 Hill 8 '*****1 *****4 APRIL BONANZA The theatre scene goes into overdrive in April BT LIFESTYLE 36 Pi ag eT Perfection in Life Manhattan New YorkPiaget Altiplano 1205P, The world’s thinnest Manufacture automatic watch and movement with small seconds and date indications. Piaget, the master of ultra-thin. a T V
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      Lock icon Page 1 Advertisements Column 2
      24 1 MERGERS ACQUISITIONS Greater global appetite for M&As this year companies markets 5 HOLIDAY EXPEDITIONS Voyage of discovery, the really great outdoors luxe travel 25-30
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      20 1 ONLINE ONLY Read Boardroom Matters, a series of articles from the Singapore institute of Directors, on BTInvest every Friday btd.sg/BMatters
      20 words
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      11 1 EVERYONE IS GUESSING WHEN IT COMES TO OIL PRICES OPINION 23
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  • TOP STORIES
    • Article
      Lock icon Tweaks to Medisave limits to simplify process
      991 2  -  Basic Healthcare Sum to be set for each cohort when they turn 65; Medisave Minimum Sum to be scrapped BUDGET DEBATE By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore FROM next January, the Medisave Contribution Ceiling (MCC) the upper limit on Medisave savings will be
      991 words
    • Article
      Lock icon Discourse on taxes needs to continue
      639 2  -  Economists and tax experts think that a widening of Singapore’s income tax base is likely ANALYSIS By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore WITH Budget 2015’s surprise revenue-strengthen-ing measures, it’s clear that the discussion on how to foot Singapore’s rising expenditure needs has already begun.
      639 words
    • Article
      Lock icon Traditional arts, heritage conservation get support
      464 2  -  By Fiona Lam fionalam@sph.com.sg Singapore TRADITIONAL arts in Singapore will soon get a boost from a S$25 million investment by the Ministry of Culture, Community and Youth (MCCY) over the next five years, Minister of State for Culture, Community and Youth Sam Tan announced
      464 words
    • Article
      Lock icon MAS has had two meetings with remisiers’ reps
      438 3  -  TRs have proposed splitting trading day into two sessions with a shorter lunch break than before By R Sivanithy sivan@sph.com.sg @RSivanithyBT Singapore THE Monetary Authority of Singapore (MAS) has met twice with representatives of the 1,225 remisiers who in January wrote to
      438 words
    • Article, Illustration
      Lock icon Asian’s swelling middle class good news for US economy: ambassador
      611 3  -  By Prisca Ang prisang@sph.com.sg Singapore A BURGEONING middle class in Asia will go a long way in creating job opportunities for the United States, said US Ambassador to Singapore Kirk Wagar at the 2015 APCAC Business Summit on Thursday. Asia
      PHOTO: APCAC  -  611 words
    • Article
      Lock icon ECB’s QE could have unintended consequences
      1240 4  -  Run on euro, rise in bond yields and currency turmoil in Asia and elsewhere are some possible scenarios By Neil Behrmann btworld@sph.co,m.sg London THE European Central Bank’s aggressive negative interest rate 1.1 trillion euros (S$ 1.6 trillion) quantitative easing (QE) policy is causing dislocation
      1,240 words
    • Article, Illustration
      Lock icon Changi is world’s best airport for third year in a row
      435 4  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore CHANGI Airport retained its title of World’s Best Airport at the 2015 World Airport Awards, making this the third year in a row that it has been voted as such by air travellers.
      435 words
    • Article
      Lock icon Personal loans’ long tenure will keep M’sian indebtedness high
      526 4  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur RISKS emanating from Malaysia’s high household indebtedness continue to moderate but the level of indebtedness is not likely to dip in the coming years because of the long average tenure remaining on the loans. A
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      141 3 THE BEST IN ITS CLASS, NOW BETTER. The Infiniti Q50 is not just an automotive work of art, but also a technological marvel. No wonder it's been named the Wheels Asia Executive Sedan of the Year. Along with its first class luxury, it features innovations like Direct Adaptive Steering that
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      62 4 Irish Ensemble 1 Mar 31 Mar 2015 Calling all saints... indulge in your very own bucket of 5 assorted Irish Ciders paired with two complimentary strawberry and tropical fruit tarts. Dress up in green to commemorate Saint Patrick’s Day at Atrium Lounge. $80++ For reservations or enquiries, visit www.marinamandarin.com.sg/dining For
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Gradual rate hikes will benefit Singapore banks, says S&P
      464 5  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SINGAPORE banks will, on the whole, benefit from gradual rate hikes, Standard and Poor’s (S&P) said in a report on Thursday. And this comes after evaluating risks from higher non-performing loans (NPLs) and a potential
      464 words
    • Article
      Lock icon Greater global appetite for M&As this year
      553 5  -  But Singapore, which outperformed Asean peers last year, is expected to see a drop in appetite: KPMG By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore LARGE global corporates are expected to be on a bigger prowl for mergers and acquisitions (M&As) this year, and will
      553 words
    • Article
      Lock icon KepCorp closer to taking KepLand private; bid extended
      540 5  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore CONGLOMERATE Keppel Corp looks to be within striking distance of taking its mainboard-listed property arm private. Based on a Singapore Exchange filing, it owned 85.1 per cent of Keppel Land as at Thursday night, close to
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    • Article
      Lock icon Senior S’pore execs are Asia’s best paid in US dollar terms, says study
      563 6  -  Because the study is based in US dollars, exchange rate changes played a part in the rankings By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE companies pay their senior and top management the most in Asia in US
      563 words
    • Article
      Lock icon MAS sees S’pore growing into a commodities trading centre
      399 6 BLOOMBERG Hong Kong SINGAPORE’S financial regulator will work with commodity exchanges, investors and producers to support the development of the city-state as a trading centre, including the expansion of clearing houses in Asia. The entry of new clearing houses can boost
      BLOOMBERG  -  399 words
    • Article
      Lock icon PSA International’s 2014 profit dips
      241 6  -  Higher operating cash costs and depreciation; revenue up 2.9%; record 65.44m TEUs handled By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore PSA International posted a 1.7 per cent year-on-year slide in net profit to S$1.4 billion for 2014, even as revenue climbed 2.9 per cent to S$3.83
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    • Article
      Lock icon Intraco wins S$6.6m arbitration award
      298 6  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore TRADING company Intraco has won a S$6.6 million award in an arbitration ruling on a dispute with privately held Timor Global, a Timor Leste coffee plantation and trading company. The award sum does not include interest and costs associated
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    • Article
      Lock icon Noble episode lends clout to public challengers
      692 7 But MAS is reviewing blog about the firm written by iceberg to ensure it does not breach securities law REUTERS Singapore NOBLE Group’s vow to be more open after a blogger attacked its accounting is a testament to the growing clout of independent
      REUTERS  -  692 words
    • IN BRIEF
      • Article
        Lock icon United Envirotech profit and revenue surge
        90 7 WATER treatment solutions provider United Envirotech posted a net profit of S$12.5 million for the three months ended Dec 31, 2014, up from S$8.4 million a year ago. Meanwhile, revenue surged 80.6 per cent to S$116.07 million. Earnings per share for the quarter under
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      • Article
        Lock icon Sinjia Land gets nod to move to Catalist
        36 7 SINJIA Land has received in principle approval to transfer from the mainboard of the Singapore Exchange to the Catalist Board, subject to certain conditions, it announced on Thursday.
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      • Article
        Lock icon Soilbuild Reit acquires Technics property at Loyang
        131 7 TECHNICS Oil Gas’s wholly-owned subsidiary, Technics Offshore Engineering (TOE), has entered into a sale and purchase agreement with DBS Trustee the trustee of Soilbuild Business Space Reit for the sale and leaseback of a property at 72 Loyang way for S$97 million. The
        131 words
      • Article
        Lock icon Sinotel Tech chairman offers to take company private
        130 7 EXECUTIVE chairman of Sinotel Technologies, Jia Yue Ting, has made an offer to take the company private with an offer of 9.8 Singapore cents per share. He is acting in concert with his sister-in-law Zhang Rong. Mr Jia has also entered into
        130 words
      • Article
        Lock icon China Dairy consolidates five shares into one
        80 7 CHINA Dairy Group is proposing a share consolidation which would see every five existing ordinary shares consolidated into one share. This is in line with the minimum trading price rule which requires mainboard issuers to maintain a six-month volume weighted average price (VWAP)
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    • Article, Illustration
      Lock icon STI / Catalist
      62 8 STI Catalist Straits Times Index March 12,2015 3,373.60 -4.99 (-0.15%) Current streak 4 days Day high 3,380.41 Day low 3,357.11 52-week high 3,444.57 (Feb 11,2015) 52-week low 3,057.20 (Mar 20, 2014) FTSE ST Catalist Index March 12,2015 683.23 -3.67 (-0.53%) Current streak 2 days Day high 687.14 Day low 680.90
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    • Article, Illustration
      Lock icon STI weakens for fourth straight day
      648 8  -  Index briefly steps into negative territory for the year on Thursday, but late rebound gives hope for Friday STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index’s (STI) losing streak extended into a fourth consecutive session on Thursday, this time with a 4.99-point
      Source: Bloomberg  -  648 words
    • Article
      Lock icon STI STOCKS
      320 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 247 -1 251/247 263 213 5.8 6245 CapitaLand 348 unch 350/346 371 268 12.7 2.6 *****.8 CapitaMall Trust 207 unch 211/206 226 186.5 5.2 7180.9 CityDev 1008 cd -5 1016/1004 1118 907
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    • Article
      Lock icon MOST ACTIVE
      35 8 VOLUME Armarda 101,291,800 SIIC Environment 98,691,100 IHC 46,389,900 Moya Asia 43,371,500 Noble 31,364,100 Market volume 1,405,355,000 VALUE SingTel 81,672,500 DBS Grp 65,542,847 OCBC Bank 50,598,951 UOB 44,285,998 Keppel Land 36,878,190 Market value 1,017,401,000
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    • Article
      Lock icon SGX ETFs Most Active
      109 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap ABF SG Bond ETF 123.5 +8.5 834 123.5/114.8 123.5/112 115/116 563.8 STI ETF 337 470 337/335 349/305 335/337 UETF SSE50China 230 +6 286 233/224 238/140 230/232 71.9 DBXT CSI300 US$ US992 +16 119 993/976 1044/613 990/993
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Mar 12 VALUE CLOSE BT OB/OS -735.00 +12.00 BT CADI -*****.00 -35.00 BT 10-day MA -*****.00 -74.00 FTSE ST Mid Cap 770.80 +1.55 FTSE ST Small Cap 478.60 +0.75 FTSE ST All Share 809.13 -0.58 FTSE ST China Top 190.77 +0.62 FTSE ST China 235.23 +1.05 FTSE
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    • Article
      Lock icon GAINERS
      74 8 BY CENTS CLOSE UP 52w high/low DBXT Nifty US$ ***** 35.9 0.2 *****/***** Lyxor ChinaH US$ 1589 35.9 1.7 1700/1221 DBXT MSINDO US$ 1435 33.1 1.7 1600/1324 SIA 1190 28.0 2.4 1291/957 DBXT China50 US$ 3317 23.4 0.5 3554/2577 BY PERCENTAGE CLOSE UP 52w high/low Acma Ltd W*****7 0.2
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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 12,2015 809.13 -0.58 (-0.07%) Current streak 4 days Day high 809.98 Day low 806.04 52-week high 827.11 (Feb 11,2015) 52-week low 745.24 (Mar 20, 2014)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE Index March 11,2015 1,807.92 +0.43 (+0.02%) Current streak 1 day Day high 1,811.90 Day low 1,801.04 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 8 3 0 0 0 3 8 3 Manufacturing 48 47 29 7 8 10 55 55 39 Commerce 19 15 21 3 1 7 22 16 28 Tpt/Stor/Comms 11 16 13
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,620 19,620 56,749 56,749 Manufacturing 167,480 32,987 200,467 105,037 4,260 109,297 Commerce 77,677 37,586 115,263 83,598 1,290 84,888 Tpt/Stor/Comms 77,052 1,536 78,588 167,655 122 167,777 Finance 17,731 442 18,173 178,558 103 178,661 Construction 45,722 8,568
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    • Article
      Lock icon LOSERS
      75 8 BY CENTS CLOSE DOWN 52w high/low SPDR S&P500 US$ ***** -333.7 -1.2 *****/***** JMH USD 6335 -142.0 -1.6 6788/5552 DBXT E50 US$ 4846 -88.3 -1.3 5630/4562 DBXT STGLDv US$ 3125 -52.4 -1.2 3542/3081 CIMBASEAN40 S$D 1372 -38.0 -2.7 1419/1281 BY PERCENTAGE CLOSE DOWN 52w high/low Ntegrator W*****3 0.2 -66.7
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    • Article
      Lock icon UNUSUAL ACTIVITY
      84 8 VOL CLOSE($) CHANGE Raffles United 143.0 0.205 +0.024 +13.26 Armarda 101,291.8 0.005 +0.001 +25.00 Vicplas Intl 51.4 0.052 -0.019 -26.76 Ouhua Energy 429.1 0.016 -0.007 -30.44 Asia Fashion 20,429.0 0.055 +0.003 +5.77 Transit Concrete 16.0 0.470 +0.060 +14.63 Alpha Energy 351.0 0.190 -0.060 -24.00 Memtech Intl 10,688.4 0.114
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    • BROKERS’ TAKE
      • Article
        Lock icon Consumer Sector
        150 8 Neutral OCBC Investment Research, Mar 11 All of our selected countries saw lower consumer confidence levels quarter on quarter in Q4 2014 but stayed in the optimistic territory except for Malaysia. Challenges will remain in the short-term but we continue to be optimistic on the regional consumption outlook
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      • Article
        Lock icon Jardine Cycle & Carriage
        120 8 Jardine Cycle Carriage Hold Mar 12 close: S$40.69 Target price: S$44.95 DBS Group Research, Mar 12 Weak rupiah and Astra performance hit 2014 numbers. Jardine C&C’s 2014 results showed an 11 per cent y-o-y decline in underlying profit to US$793 million, although Astra only registered a 3 per cent y-o-y
        120 words
      • Article
        Lock icon Straco Corporation
        154 8  -  Compiled by Cai Haoxiang Buy Mar 12 close: S$0.825 Target price: S$1.01 CIMB Research, Mar 11 Straco’s share price has taken a beating since it announced its acquisition of the Singapore Flyer, given the market’s expectations that the acquisition would be dilutive to earnings. However, with the Flyer
        154 words
    • Article
      Lock icon CALENDAR
      18 8 DATA I (March 13) Singapore Labour Market Report I 1 pm (March 13) Singapore Retail Sales Index
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    • Article
      Lock icon Euro rebounds as US dollar pauses for breath
      411 9 CURRENCIES REUTERS London THE euro rose against the US dollar for the first time in two weeks on Thursday, recovering from a slump to a 12-year low in Asian trading as the greenback took a pause from its broad upward surge. However,
      REUTERS  -  411 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Mar 12 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.974 4.808 0.722 5.961 48.012 101.078 0.929 8.648 2.829 1.037 78.099 33.969 1.059 9.338 0.768 24.243 25.190 0.512 0.768 Canada 1.027 4.937
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      • Article, Illustration
        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, Illustration
        Lock icon INTERBANK CURRENCY RATES
        153 9 Mar 12 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0583 1.0600 0.7674 0.7681 Canadian dollar 1.0872 1.0881 0.7885 0.7883 Euro 1.4672 1.4683 1.0639 1.0640 NZ dollar 1.0208 1.0218 0.7402 0.7404 Sterling pound 2.0693 2.0712 1.5005 1.5009
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Mar 12 S$ Bid Offer 1-month 1.3801 1.3813 2-months 1.3814 1.3826 3-months 1.3828 1.3841 6-months 1.3846 1.3861 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        368 9 Mar 12 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.10 *****.13 *****.42 Mar15 *****.00 *****.00 *****.00 *****.00 *****0 *****0 Jun15 *****.00 *****.00 *****.00 *****.00 *****1 *****0 MSCI TAIWAN INDEX FUTURES SPOT 352.84 355.66 352.24 Mar15 351.40 356.40 350.50 356.40 ***** *****9 Apr15 352.00
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        205 9 Mar 12 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left OCBC Bk MB eCW*****3 9.3 -0.1 5655 0.2 1050 5 DBS MB eCW*****0 9.1 -0.7 5087 0.2 1980 1 TIH Limited W*****9 0.3 unch 3185 1 228
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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 11 Index Change Change Change Change Change Change World Preliminary 1317.0 0.5 3.2 0.0 4.9 0.1 0.3 EAFE Preliminary 1073.9 0.8 8.8 -0.1 6.6 0.0 1.9 Europe Preliminary 1517.7 1.3 9.8
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Mar 12 $S Offer Bid 0vernight 0.08 0.03 1-month 0.8125 0.6875 2-months 0.8750 0.7500 3-months 1.0000 0.8750 Overnight mode: 0.05 US$ 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 12 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 1.***** SWAP Offer rates (S$) 1 mth 0.***** 3 mths 0.***** 6 mths 1.***** Source: Thomson Reuters
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 9 Mar 12 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.43 102.50 102.50 5-Year N*****0H 1.625 01-Oct-19 99.49 10-Year NY*****H 3.000 01-Sep-24 105.17 105.60 105.05 15-Year NY*****E 2.875 01-Jul-29 102.28 102.50 102.35 20-Year NZ*****V 3.375 01-Sep-33 107.68 108.35 107.80
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        245 9 Mar-11 Price Net change change Last Trade Agricultural Mar-11 CBOT Soybeans (US cents/bu) 989.00 9.00 0.92% 13/03/2015 CBOT Soybean Oil (US cents/lb) 30.97 0.13 0.42% 13/03/2015 CBOT Wheat (US cents/bu) 503.00 6.50 1.31% 13/03/2014 Mar-11 LIFFE Cocoa (£/tonne) 1966.00 -22.00 -1.11% 16/03/2015 LIFFE Coffee (US$/tonne) 1803.00 -28.00 -1.53%
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      Lock icon Page 5 Advertisements Column 1
      143 5 Savour the opulence of pure Luxury Singapore Restaurant Week event cars at a special price with complimentary COE. Limited units only. With an abundance of features including comfort seats embellished in exquisite Valcona leather and handcrafted wood panel trims, the Audi A8 is a cocoon of Luxury. Couple that with
      143 words
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      187 6 anap lan hubis) Planning never stops. Be Unstoppable. < j We are Anaplan, and we believe the planning never stops, just like your business. At Anaplan, we believe that seeing where you've been is good. Knowing where to go is absolutely paramount. We believe you should be able to answer
      187 words
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      4276 7 RECOMMENDED VOLUNTARY CONDITIONAL CASH OFFER by UNITED OVERSEAS BANK LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****0026Z) to acquire all the issued and paid-up ordinary shares in the capital of FAR EASTERN BANK LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****01 16D) other than
      4,276 words
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  • BANKING & FINANCE
    • Article
      Lock icon US banks pass stress test, some with an asterisk
      878 10 Bank of America gets only provisional pass; Fed tells it to fix deficiencies identified NYT New York ALL large US banks passed the annual regulatory test that aims to assess whether they can make it through a financial and economic calamity
      NYT  -  878 words
    • Article, Illustration
      Lock icon Prudential sounding shareholders before naming new CEO
      806 10 REUTERS London MINDFUL of past missteps with investors, British insurer Prudential is meeting top shareholders to gauge their preferences for the successor to CEO Tidjane Thiam, who unexpectedly announced his departure this week. The company, listed in London and Asia, said on Tuesday
      REUTERS; PHOTO: BLOOMBERG  -  806 words
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      Lock icon Page 10 Advertisements Column 1
      2269 10 GLOBAL PREMIUM HOTELS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number *****8650E) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Global Premium Hotels Limited will be held on 31 March 2015 at 9.00 a.m. at 168 Changi Road #05-01 (Attic Level)
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      4606 11 MANDATORY CONDITIONAL GENERAL CASH OFFER by RELIGARE CAPITAL MARKETS CORPORATE FINANCE PTE. LIMITED (Company Registration No. *****3018H) (Incorporated in the Republic of Singapore) for and on behalf of ADVANCE TECHNOLOGY HOLDING LTD (Company Registration No.*****43) (Incorporated in the British Virgin Islands) to acquire all of the issued and paid-up ordinary
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  • ENERGY & COMMODITIES
    • Article
      Lock icon China’s steel output seen shrinking this year
      896 12 Production will fall to 814m tonnes in 2015 from 823 tonnes last year: industry body will need input from the government,” he added. BLOOMBERG, REUTERS Singapore STEEL production in China will shrink this year as consumption has peaked and more mills in the
      will need input from the government,” he added. BLOOMBERG, REUTERS  -  896 words
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      1594 12 The Business Times Ik 1 X 1 Toll free 1800-289-8822 I I Email noticesiasph.com. sg 1 i www.sphclass.com.sg/notices A^n ASTI HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number **********) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of ASTI HOLDINGS LIMITED
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      2127 12 In the matter of the Companies Act, Cap 50 And In the Matter of Amoy Financial Centre Pte Ltd (In Members’ Voluntary Liquidation) (Registration No. *****3675W) NOTICE OF FINAL MEETING Notice is hereby given that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the
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      769 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF YI WOOD CONCEPT PTE. LTD. (MEMBERS’ VOLUNTARY LIQUIDATION) REG NO. *****8717H NOTICE OF RESOLUTIONS The Members’ Resolution set out below were duly passed at an Extraordinary General Meeting of the abovenamed Company deemed to be duly
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon The phonemaker giving Xiaomi a run for its money
      899 13 Shenzhen upstart OnePlus tries to match Xiaomi’s success by targeting foreign markets such as US, UK, India BLOOMBERG Beijing XIAOMI Corp became one of the world’s most valuable startups by selling cheap, features-packed smartphones to its home market of China. OnePlus
      BLOOMBERG; PHOTO: BLOOMBERG  -  899 words
    • Article
      Lock icon Panel discussion on IoT at Fuji Xerox event next Tuesday
      164 13 THE Business Times Tech Desk will be organising a roundtable discussion on The Internet of Things (IoT) on Tuesday, March 17. Held as part of Fuji Xerox DocuWorld 2015, the discussion will touch on the digital workplace and how businesses
      164 words
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      186 13 'i T^> ft M A a9 ar yuiH v*. *J XV* AW o *>,3*5 3) /<*%**» r »V) 1% > w^JrL**> o >jt£v<s> *3 o ft' i 3$ £o o <?>' K s S vS r '**U <$■ V S? .V v« r<j%> ki^/s^y** -£r ■&*<& a5> 5 v» '®^x
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      244 13 luc no Living inspiration... I Anastasia Full Thick Leather Lounge Suite KCAMPO DE' fiori Italian Lifestyle Campo De’ Fiori range is available at Labrador Toh Guan branches only FLAGSHIP I LabradorK 1 Pasir Panjang Road Level 3 I Tel: 6273 2522 (Beside Labrador Park MRT Station) BOUTIQUES Upper Thomson Tel:
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  • CONSUMER
    • Article, Illustration
      Lock icon Thinking beyond the checklist
      909 14  -  SMU business school’s new dean sets his sights on building entrepreneurial thinking in his students By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore NAPOLEON I, borrowing a phrase from Scottish philosopher Adam Smith, famously described Britain as “a nation of shopkeepers”, implying that the British were small-minded.
      909 words
    • Article
      Lock icon US chicken exports at risk as bird flu strikes
      635 14 Higher domestic supply will force suppliers to trim prices REUTERS Chicago A CASE of bird flu confirmed on Wednesday in the heart of America’s poultry region, is certain to mean more export restrictions, increasing US supply and likely forcing the world’s
      REUTERS  -  635 words
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      188 14 ADMISSION ITSHOW 19-22 MARCH 2015 SUNTEC SINGAPORE LEVELS3,486 12-9PM TRADE-IN Trade-in your old faulty laptops, tablets or smartphones and get CASH VOUCHERS’ to spend at IT SHOW! 'Terms and conditions TECH SHOWCASE The ASUS Transformer Book Chi Series, the world’s slimmest 2-in-1 Windows detachables, with the ability to transform from
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      298 14 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
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Smaller Manhattan apartments lead Feb rental gains
      599 15 Median rent for studios up 10% to US$2,351 a month; one-bedroom rentals rise 9.4% to US$3,400 BLOOMBERG New York MANHATTAN’S smallest apartments are fuelling big gains in rents. The median rent in the borough jumped 8.9 per cent last month to US$3,375, according
      BLOOMBERG; PHOTO: REUTERS  -  599 words
    • Article
      Lock icon Bill tabled to vary HDB lease infringement penalties
      286 15  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore A BILL was tabled on Thursday that, among other things, proposes to vary the quantum of penalties that the Housing and Development Board (HDB) may impose in lease infringement cases, depending on severity. If passed, the
      286 words
    • Article, Illustration
      Lock icon Housing on the rise at fringes of London’s Square Mile
      709 15 BLOOMBERG London THE executives, bankers and traders priced out of London’s fanciest neighbourhoods are getting a new one. A residential area is rising at the fringes of the famous Square Mile the City of London financial district to accommodate those
      BLOOMBERG; PHOTO: BLOOMBERG  -  709 words
    • Article
      Lock icon London’s ‘iceberg homes’ plumb the city’s depths
      642 15 Basements built beneath luxury homes sidestep planning rules AFP London IN London’s most upmarket districts, shovel-wielding teams are hard at work in what look like mines hidden beneath luxury homes, sidestepping the British capital’s planning rules by expanding underground. Some of their more
      AFP  -  642 words
    • Article, Illustration
      Lock icon New Orleans auctioning off vacant land online
      854 16 City selling almost 1,800 properties to raise tax revenue; bidding to start at US$3,000 in most cases BLOOMBERG New Orleans NEW Orleans is selling almost 1,800 properties on the Web to fatten its tax coffers and build on the momentum it’s enjoying in
      BLOOMBERG; PHOTO: AFP  -  854 words
    • Article, Illustration
      Lock icon Clock ticks for forced sale of Sydney mansion
      875 16 BLOOMBERG Sydney FOR sale: Five-bedroom mansion featuring handmade terracotta roof tiles and an infinity pool facing Sydney harbour and its iconic opera house. Owner must sell fast. The Australian government on March 3 ordered Chinese billionaire Hui Ka Yan’s property company to
      BLOOMBERG; PHOTOS: BLOOMBERG  -  875 words
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      110 15 Bath Property Consultants Ltd. Our company offers a full range of services to help individuals purchase property in the U.K. for investment. We specialize in towns and cities in the South of England where the rental markets are strong, allowing a long term stable investment opportunity with an excellent rate
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      85 15 JJ 1TI C Intosh McIntosh MC452 Superlative Stereo Power Amplifier Hand-crafted in the USA We would like to thank all our customers for their support, and would like to wish them a Happy and Prosperous Lunar New Year! From the management and staff of ONG RADIO Live the Ultimate™ 176
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      1036 16 More than $5 billion worth of landed property transactions handled More than 1,000 landed properties available www.realstarpremier.com REALSTAR GALLERY An exclusive collection of luxury homes Showroom ready in April 2015 186 Bukit Timah Road 6100 8000 CENTRAL DISTRICTS EAST DISTRICTS Holland Park GCB Holland Park, Approx. *****/8000Sqft, K2LD Design Rena
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      756 17 D04 HOUSE FOR SALE SENTOSA Bungalow Sentosa 3½-Storey 8159 sqft, 6+1 ensuite, 2 living, Pool, Lift, Berth. Also for rent. Owner 9144 0027/ 9771 6341 D17 HOUSE FOR SALE BUNGALOW Beautiful 6860/ 5200sf. 5+1. F’hold. Elevated land. Breezy. Greenery. Nice gdn with 17metre pool. Steve 9297 3365 ERA D19 HOUSE
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  • VEHICLES & LIFESTYLE
    • Article, Illustration
      Lock icon Stretch your renovation budget
      464 18  -  Doing up your home, but don’t want to spend a bomb? Here are a few substitutes you can make. By Yeoh Jo-Ann INSTEAD OF: False ceilings to cover wiring GO FOR: Exposed electrical trunking just let all the wires hang out. This is why so many
      464 words
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      425 18 BMW FOR SALE BMW 428IA M SPORT 10% Downpayment Only. Brand New BMW 428iA M Sport Gran Coupe. Monthly $2292. Please call: 6473 1119 6749 1119 BMW FOR SALE BMW 528iA 10% Downpayment Only. Brand New BMW 528iA with M-Sport Conversion. Monthly $2061. Please call: 6473 1119 6749 1119 BMW
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon China’s central bank comfortable with economy
      712 20 Feb credit data tops forecasts; timetable set for deposit insurance, rate liberalisation REUTERS Beijing CHINA’S central bank governor on Thursday signalled that Beijing is comfortable with the current macroeconomic environment and plans to stick with its “prudent” monetary policy. Zhou Xiaochuan also gave a
      REUTERS; PHOTO: AFP  -  712 words
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      Lock icon India CPI rises more than estimated in February
      623 20 BLOOMBERG New Delhi INDIA’S retail inflation accelerated more than economists estimated and factory output rose, complicating central bank governor Raghuram Rajan’s next move after an unscheduled inter-est-rate cut last week. Consumer prices rose 5.37 per cent in February from a year earlier
      BLOOMBERG  -  623 words
    • Article
      Lock icon Allen & Gledhill named Regional Law Firm of the year
      359 20 Allen Gledhill named Regional Law Firm of the year ALLEN Gledhill was named the Regional Law Firm of the Year and the Singapore Law Firm of the Year at the International Financial Law Review (IFLR) Asia Awards 2015 this week in Hong Kong. This is the second consecutive year that
      359 words
    • Article
      Lock icon Retail sales down for third month, likely chilled by weather
      584 20 LATEST US DATA REUTERS Washington US RETAIL sales unexpectedly fell for a third straight month in February, likely as harsh weather kept consumers from car showrooms and shopping malls, which could hurt growth prospects for the first quarter. Snowy and
      REUTERS  -  584 words
    • Article, Illustration
      Lock icon Further mass demos likely in HK: Legco president
      538 20  -  By Anthony Rowley btworld@sph.com.sg Tokyo HONG Kong can soon probably expect “another mass demonstration” against the proposed changes in the way that the territory’s chief executive is elected, the president of its Legislative Council said in Tokyo on Thursday. However, Jasper Tsang
      538 words
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      Lock icon Thailand cuts interest rates in surprise move
      697 21 BLOOMBERG Bangkok SURPRISES are becoming more common than not, when it comes to central banks. Thailand a one-time export powerhouse that’s seen its manufacturing mojo dim somewhat in recent years amid historic flooding and political infighting lowered its main rate to 1.75 per
      BLOOMBERG; PHOTO: BLOOMBERG  -  697 words
    • Article
      Lock icon China set to overhaul bloated, inefficient state-run firms: sources
      670 21 Plan will include consolidation and reduction of govt’s role in SOEs by stripping ownership stakes from regulatory agency BLOOMBERG Beijing CHINA is preparing to overhaul its bloated and inefficient state-run companies to bolster an economy forecast to grow at the slowest
      BLOOMBERG  -  670 words
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      606 21 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
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  • OPINION
    • Article
      Lock icon Retirement adequacy calls for prudent investing and planning
      587 22 EDITORIAL NUMEROUS surveys highlight Singaporeans’ concern over whether they will have enough funds for their twilight years. The trend towards longer life expectancy suggests that an individual who retires at 62 may need a kitty that can last 20-30 years a tall
      587 words
    • Article, Illustration
      Lock icon The folly of Fed bashing
      795 22  -  THE BOTTOM LINE By Robert J Samuelson THE WASHINGTON POST WRITERS GROUP FED bashing strident criticism of the Federal Reserve is back in style, and it’s taken a new turn. Traditionally, it’s been a liberal sport. When the Fed raised interest rates, liberals attacked it
      THE WASHINGTON POST WRITERS GROUP  -  795 words
    • Article, Illustration
      Lock icon Banking compliance: will one-size-fits-all do?
      1157 22  -  Imposing rules and frameworks from different economic contexts may not be relevant, desirable or even fruitful for Asian banks.BY JOSEPH CHERIAN, BERNARD YEUNG AND ANIL KISHORA banks.BY JOSEPH CHERIAN, BERNARD YEUNG, ANIL KISHORA T Joseph Cherian is director of NUS Business School’s Centre for Asset
      PHOTO: DESMOND WEE/THE STRAITS TIMES  -  1,157 words
    • Article
      Lock icon GST: can Singapore and Malaysia learn from each other?
      815 23  -  COMMENTARY By Richard Mackender, Senthuran Elalingam T The writers are respectively a tax partner and director working in Deloitte Singapore and Deloitte Malaysia. The views expressed are their own. TWENTY years after Singapore introduced a goods and services tax (GST), its
      815 words
    • Article
      Lock icon The imperative to ensure our children are safe online
      786 23  -  By Sigve Brekke T The author is executive vice-president and head of Asia operations, Telenor Group LAST year, a nationwide survey in Malaysia found that one in four of all schoolchildren had been bullied through the Internet, while nearly three in
      786 words
    • Article, Illustration
      Lock icon Everyone is guessing when it comes to oil prices
      1038 23  -  The complex factors involved make any accurate estimate nearly impossible.BY impossible.BY NICK CUNNINGHAM PREDICTING and diagnosing the trajectory of oil prices has become something of a cottage industry in the past year. But along with all of the excess crude flowing
      PHOTO: BLOOMBERG  -  1,038 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon AirAsia still mulling IPO for Indonesian affiliate
      616 24 CEO says public offer will make airline more transparent especially in light of accident from Australia to north Asia. BLOOMBERG, AFP Sydney AIRASIA, Asia’s largest budget carrier, is still considering an initial public offering for its Indonesia affiliate, whose Flight 8501 crashed and
      from Australia to north Asia. BLOOMBERG, AFP; PHOTO: AFP  -  616 words
    • Article
      Lock icon Canada rail network congestion eroding appeal of train travel
      816 24 BLOOMBERG Ottawa FOR Via Rail Canada chief executive officer Yves Desjardins-Siciliano, the biggest challenge facing the country’s passenger rail service can be explained with a grade-five math question. Two trains one passenger, one freight are moving in the same direction on
      BLOOMBERG  -  816 words
  • Page 24 Advertisements
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      123 24 J HOTTES SINGAPORE E n ERPRISE We Want You. Now. Intense, fiery and a real chilli padi of an entrepreneur. You have led your enterprise to ride wave after wave of success, with three years of solid audited results to prove your mettle. You are exactly the type, with all
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  • LUXE TRAVEL
    • Article, Illustration
      Lock icon VOYAGE OF DISCOVERY
      619 25  -  Embark on a luxury cruise and learn about wine, photography and wildlife, to name a few of the educational programmes being offered. By DENYSE YEO DON’T care to bask on a beach or lounge in bars while on holiday? If you think that vacation time must be
      PHOTOS: SILVERSEA EXPEDITIONS, LINDBLAD EXPEDITIONS  -  619 words
    • Article, Illustration
      Lock icon THE REALLY GREAT OUTDOORS
      1166 26  -  Roughing it out in the wilderness won’t seem so rough at these luxe wilderness camps. By DENYSE YEO camps.By DENYSE YEO Luxurious safari camps and exclusive wilderness retreats are the ultimate destination for those wanting to get away from it all and have an active holiday
      PHOTOS: &BEYOND XARANNA OKAVANGO DELTA CAMP, CLAYOQUOT WILDERNESS RESORT, NORMAN CARR SAFARIS/CHINZOMBO LODGE; PHOTOS: SAFFIRE FREYCINET, OBEROI VANYAVILAS RANTHAMBHORE; PHOTOS: AWASI PATAGONIA; PHOTOS: AWASI PATAGONIA  -  1,166 words
    • Article, Illustration
      Lock icon GOING UPRIVER IN STYLE
      919 28  -  More travellers are eschewing big ocean voyages for the intimacy of a sojourn along the river. By DENYSE YEO LUXURY river cruises are big news these days as more cruise operators head to more exotic waterways and put their money on smaller, specialised ships that can
      PHOTOS: SANCTUARY RETREATS, ABERCROMBIE & KENT; PHOTOS: AVALON WATERWAYS, AMAWATERWAYS; PHOTO: AMAWATERWAYS, REUTERS; PHOTO: ABERCROMBIE & KENT  -  919 words
    • Article, Illustration
      Lock icon OPULENT RETREAT IN AN ANCIENT TOWN
      629 30  -  Perched on a hillside above Lijiang’s Old Town, the new Aman resort in China is designed in the traditional style of the area’s indigenous Nakhi people. By DENYSE YEO people.By DENYSE YEO THE Old Town of Lijiang is a Unesco World Heritage Site, thanks
      PHOTOS: AMAN RESORTS; PHOTO: AMAN RESORTS  -  629 words
  • Page 25 Advertisements
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      362 25 SEE THE WORLD IN AWARD-WINNING STYLE. NCL Let Norwegian Cruise Line take you on an unforgettable cruise to some of the most breathtaking destinations on earth. En route, discover Freestyle Cruising centred around absolute freedom and enjoyment one that has won awards and fans all around the world. Your winning
      362 words
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      743 26 FREE Limited Edition 24” Trolley Luggage per Citibank Cardmember with$3500 charge for new bookings only, while stocks last COACH, DRIVE or CRUISE The choice is yours Because You Have Earned the Right FREE Limited Edition Chanzilla Plush per room, while stocks last FREE Goody Bag per room with any selected
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      152 27 Follow Me Japan Rail travel, Japanese style VI S a L n e. ■<> i 2S£ ns. B* 1=J i rStftsii d E;'*V5 ,h;.. vwi xilt X If you wish to be pampered and treated like royalty, you must take a trip on the ‘Seven Stars Cruise Train in Kyushu,
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      364 28 Iff Iff jjMr H NEW SHAN TRAVEL i- r Visit us #01-02 Maxwelljjouse This Weekend (In-House Fair) FREE 20”, 25” 28” Trolley Luggage a minimum charge of $2.800/$3.800«5.800. '/hie slocks Iasi Terns S conditions apply. Cltl 17D Alaska Canadian Rockies Tour *8D7N Alaska Crown Princess Cruise *8D7N Canadian Rockies Tour
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      202 30 l: u M I I!! \\v fl Super deals li II world Business Class II from S$5 |68 g from S$/j3Q Europe Bali J Economy Class Europe Bali SS S9 from SSQQQ m i from s$ 235 Return fares, including taxes r li Find more deals at uuuuuu.klm.sq 2 S3
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    1948 31 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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      104 31 Experienced Stl/p maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THEBLSINRSSTI.MtS SHIPPING TIMES Make A Splash In The Maritime World Via itime.coM Ahoy there! If you are in a business pertaining to any sector of the maritime
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  • Page 35 Miscellaneous
    • Miscellaneous
      Lock icon Page 35 Miscellaneous Column 1
      346 35 CRYPTIC CROSSWORD Across 1 Time lag’s got to be extended (7) 5 Flesh is cut that’s mean (7) 9 Ordinary American university next to Alabama (5) 10 Greedy, getting stung by debts (9) 11 Peculiar person (10) 12 Mother’s temperature it rises on board a ship (4) 14 Criminal man’s
      346 words
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  • BT Lifestyle
    • Article, Illustration
      Lock icon APRIL’S THEATRE BONANZA
      1398 36  -  The theatre scene goes into overdrive in April, with major plays and players taking to the stage. BY HELMI YUSOF helmi@sph.com.sg @HelmiBT Never in the history of Singapore theatre has one month looked so starry. The April theatre calendar boasts a who’s-who of Singapore theatre, with nearly
      PHOTO: TUCKYS PHOTOGRAPHY, COURTESY OF ESPLANADE; PRODUCTION IMAGE: COURTESY OF MARGARET CHAN & JEREMIAH CHOY PHOTO: TUCKYS PHOTOGRAPHY COURTESY OF ESPLANADE; PHOTO: TUCKYS PHOTOGRAPHY  -  1,398 words
    • Article
      Lock icon Curtains go up on 68 plays
      560 36 March 27-April 12: Legends of the Southern Arch by The Theatre Practice. April 2-5: Emily Of Emerald Hill directed by Alin Mosbit as part of Esplanade’s The Studios: Fifty. April 3: Reading of Selected Works of Haresh Sharma directed by Ian Loy as part
      560 words
    • CITY LIFE
      • Article, Illustration
        Lock icon On the right track to make biking cool
        798 32 Jansen Tan, founder and designer of homegrown lifestyle bicycle company Coast Cycles, believes riding should be more than just a leisure activity. BY DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT AS car prices continue to inch up north, it’s never too early to start looking
        798 words
      • CITY BUZZ BT writers’ picks of what to see, do or talk about
        • Article, Illustration
          Lock icon JOO CHI AT TURNS GALLERY
          262 32  -  ART OH! Open House in Joo Chiat By Helmi Yusof FORGET museums and galleries this weekend. Check out art in pre-war shophouses, budget hotels, private condos, secret gardens and back alleys instead. OH! Open House is back. And this time round, the art walkabout is
          FILE PHOTO  -  262 words
        • Article, Illustration
          Lock icon Crosby, Stills and Nash
          219 32  -  CONCERT By Dylan Tan ONE of the world’s most loved folk-pop groups, Crosby, Stills and Nash, are set to play Singapore for the first time next week. A super-band comprising The Byrds’ David Crosby, Buffalo Springfield’s Stephen Stills and The Hollies’ Graham Nash, the trio was
          PHOTO: ELEANOR STILLS  -  219 words
        • Article, Illustration
          Lock icon D'Kranji Farm Fair
          166 32  -  POP UP MARKET By Tay Suan Chiang FRESH from its highly successful farm fair in February, D’Kranji Farm Resort is holding its second one. Apart from having local farmers and Singaporean entrepreneurs selling homegrown produce, this time, there will be guest farmers hailing from the Southern Nagasaki
          166 words
        • Article, Illustration
          Lock icon The u Symposium 2015: Magazines Contemporary
          197 32  -  MAGAZINE SYMPOSIUM By Tay Suan Chiang IF you are a fan of indie design and lifestyle maga- zines such as Fantastic Man, Kinfolk, Lucky Peach and The Gourmand, here’s your chance to meet the editors in person. Underscore, a local independent magazine, is organising
          197 words
        • Article, Illustration
          Lock icon Forlino
          222 32  -  FOOD By Rachel Loi 1 Fullerton Road, One Fullerton, #02-06 Open daily Lunch from noon to 2.30pm Dinner from 6.30pm to 10.30pm Phone: 6690 7564 http://forlino.com IT may be a fundamentally Italian restaurant, but don’t be surprised that the man helming the kitchen at Forlino is a Japanese chef.
          222 words
    • PURSUITS
      • Article, Illustration
        Lock icon Fascinating sampling of Grands Crus
        1012 33  -  Gevrey-Chambertin is the favourite commune for many.BY WINE many.BY NK YONG SO which is your favourite commune in the Cote d’Or? It depends on your taste or preferences. For most people, “power” is the criterion as in power by way of sheer size, weight and
        PHOTO: NK YONG  -  1,012 words
      • Article, Illustration
        Lock icon An Exakt science
        1038 33  -  HI-FI By R Sivanithy sivan@sph.com.sg @RSivanithyBT BACK when vinyl was king, Scottish high-end audio firm Linn lorded over the competition with its legendary turntable the Linn Sondek LP12 which was launched in 1972. It took the hi-fi world by storm, and no self-respecting audiophile could afford to
        PHOTO: ARTHUR LEE  -  1,038 words
      • Article, Illustration
        Lock icon Still plenty of demand for Air Supply
        574 33  -  CONCERT By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT NO other band has probably used the word “love” more liberally than Air Supply in the history of pop music their album titles include Love and Other Bruises (1977), Lost in Love (1980), The One That You
        574 words
    • ARTS
      • Article, Illustration
        Lock icon Global, local themes explored in NUS fest
        674 34  -  DANCE Given the limited number of dance companies in Singapore, and thus choreographers, companies now invite overseas choreographers on a regular basis to work with dancers here in the hope that the exchange would encourage the growth of the form. BY CHEAH UI-HOON
        674 words
      • Article, Illustration
        Lock icon Choreographing partnerships is the way to go
        481 34 uihoon@sph.com.sg HAVING guest choreographers and holding dance residencies are effective ways to develop the local dance scene, said Kavitha Krishnan, artistic director of Maya Dance Theatre. “It’s beneficial for the company and its dancers because it is one way to train our dancers,
        481 words
      • Article, Illustration
        Lock icon Wayang comes alive with splendid Titoudao revival
        522 34  -  THEATRE By Helmi Yusof helmi@sph.com.sg @HelmiBT THE revival of street opera play Titoudao a mainstay of Toy Factory Productions’ repertoire is a welcome development. The play about the life and times of Chinese street performer Oon Ah Chiam was last staged in 2007
        522 words
    • ARTS/CINEMA
      • Article, Illustration
        Lock icon Magical romance blossoms offstage too
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        Lock icon Standard fare lifted by heart, music
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