The Business Times, 14 March 2015

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Microfilm: NL33430
Total Pages: 39
1 32 The Business Times
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      59 1 LivingBTTHE BUSINESS TIMES WEEKEND MARCH 14-15, 2015 LIVING BY DESIGN Singapore Design Week showcases a dazzling spectrum L2-5 LIVING Singapore less travelled L10-11 DINING Chefs’ new challenges L6-7 PHOTO: TAY SUAN CH I ANG MOTORING Torque of the town L14-15 SPORTS Leg-up for S’pore soccer L16 TRAVEL WMF rocks with
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  • BT Living
    • DESIGN
      • Article, Illustration
        Lock icon LIVING BY DESIGN
        972 2 / 3  -  This year’s Singapore Design Week not only pays homage to the last 50 years of design in Singapore but also how the man in the street relates to design through its SingaPlural and 50 Years of Design events. The Asian iteration of the groundbreaking Paris mega-event Maison
        PHOTOS: ARTHUR SIM  -  972 words
      • Article, Illustration
        Lock icon Designs on lifestyle
        909 4 / 5  -  Fifty Years of Singapore Design Design Gallery 2, Level 2, National Design Centre On till Dec 31 2017 By Tay Suan Chiang taysc@sph.com.sg @T aySuanChiangBT GO to any coffeeshop in Singapore, and you’re likely to sit on one of those red plastic stools. Who knew that the
        PHOTOS: TAY SUAN CHIANG  -  909 words
      • Article, Illustration
        Lock icon Nexus for high-end decor and fashion
        569 4 / 5  -  Following its successful inaugural edition last year, Maison&Objet Asia, an offshoot of the Parisian show, returns with an expanded selection of the best high-end decor and home fashion by marquee brands and designers. This year’s edition, which also marks the Paris show’s 20th anniversary,
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    • DINING
      • Article, Illustration
        Lock icon NEW DIRECTIONS
        1624 6 / 7  -  DREAM RESTAURANT The Rabbit Stash Rooftop of Wangz Hotel 231 Outram Road, Level R Opening hours: Tue to Fri, noon 2pm. Mon to Sat, 6.30pm 10.30pm Z6595 1380 www.therabbitstash.com The only constant in the F&B industry is change. And no one knows it better than three chefs/restaurateurs who
        PHOTOS: YEN MENG JIIN  -  1,624 words
      • Article, Illustration
        Lock icon Singapore chefs vs Asia’s 50 Best list
        1844 8 / 9  -  Ten Singapore restaurants on the Asia’s 50 Best Restaurants list but not a single one run by a Singaporean chef. Is there hope for local talent to get into the list? Chefs and restaurateurs weigh in. By Rachel Loi, Jaime Ee rachloi@sph.com.sg jaime@sph.com.sg
        FILE PHOTOS  -  1,844 words
      • Article, Illustration
        Lock icon New process of voting for 2015
        454 8 / 9  -  By Jaime Ee jaime@sph.com.sg @JaimeEeBT THE new voting process for the Asia’s 50 Best Restaurants list was designed to “reflect the views of experts within Asia specifically,” says William Drew, group editor of The World’s 50 Best Restaurants. “After two years, we realised that
        FILE PHOTO  -  454 words
    • LIVING
      • Article, Illustration
        Lock icon Singapore less travelled
        1766 10 / 11  -  As the nation celebrates its golden jubilee, global brands are taking the opportunity to offer new perspectives on the Singaporean identity. By May Yip By May Yip IT would seem that every company based here is clamouring for a piece of the SG50 pie, shining the spotlight
        PHOTOS: OH!  -  1,766 words
      • Article, Illustration
        Lock icon Heartwarming cookware
        1183 12 / 13  -  162-year-old German company WMF is changing with the times by doing away with its minimalist look and reaching out to connect emotionally with customers. By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT THE next time you are at a WMF store, take a look at the box its cookware comes
        PHOTOS: TAY SUAN CHIANG  -  1,183 words
      • Article
        Lock icon wine&dine
        773 12 / 13 with BTWeekend Atrium Lounge Marina Mandarin Singapore, Level 4 6 Raffles Boulevard Z6845-1111 Irish Ensemble Celebrate “Irish Ensemble” at Atrium Lounge and indulge with 2 complimentary fruit tarts (strawberry tropical) from Senses Patisserie with every bucket of 5 Irish Ciders orders at only $55++. Commemorate St Patrick’s Day and
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    • MOTORING
      • Article, Illustration
        Lock icon All natural alternative
        691 14  -  While other brands go down the turbocharged road, the Lexus RC F offers a naturally aspirated V8 engine. By Samuel Ee samuelee@sph.com.sg IN an automotive world where almost every luxury manufacturer has downsized its big engines and substituted displacement with forced induction, Lexus stands out for its
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      • Article, Illustration
        Lock icon TWICE AS GOOD
        647 15  -  GOODThe new BMW 2 Series Convertible is sleeker and stronger. GOODThe By Samuel Ee samuelee@sph.com.sg SMALL convertibles are usually fun, but mostly for the two occupants up front because the other two behind usually suffer from squashed knees and what feels like gale force winds rearranging their
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    • SPORTS
      • Article, Illustration
        Lock icon Giving S’pore football a leg up
        860 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent THE six-year contract that his company recently inked with the Football Association of Singapore (FAS) is, in Andrea Radrizzani’s words, “a lot of money”, but one that he feels will be worth every penny in the
        PHOTOS: MP & SILVA, THE STRAITS TIMES  -  860 words
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        58 2 HSTI 3,362.77 (-10.83) HSTI FUTURES 3,356.00 (-11.00) HSIMSCI 375.17 (-0.28) ESIMSCI FUTURES 374.90 (unch) Friday Change KL COMP 1,781.75 -5.12 NIKKEI 225 19,254.25 +263.14 HANG SENG 23,823.21 +25.25 SET 1,541.55 -2.79 JAKARTA 5,426.47 -13.37 MANILA 7,809.54 -30.28 KOSPI 1,985.79 +15.20 SHENZHEN B 1,115.12 +3.91 MUMBAI IND 28,503.30 -427.11 11am
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.667 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.85 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.385 (US$/S$ per 1.488 2.060 EURO (US$/S$/€ 1.061 1.469 Foreign currency per US$ S$ YEN 121.40 87.60 RM 3.684 2.660 HK$ 7.765 5.607 BAHT 32.83 23.70 RUPIAH 13,193 9,527 RENMINBI 6.259 4.520 INDIAN RUPEE 62.68 45.26 A$ 1.301 0.940 NZ$ 1.357 0.980
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    • Article
      Lock icon More property indices don’t add to clarity
      737 2  -  Analysts also circumspect about the growing fad of technology-based companies offering valuation tools online By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore HAVING more property indices add complexity but do little to offer better clarity for users, say experts at a real estate forum on
      737 words
    • Article, Illustration
      Lock icon New scheme for quality, low-cost child care
      734 3  -  Operators have to lower fees, get accredited and develop their staff to get govt funding budget debate By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore THE private sector will be given a big role in a new, S$250 million scheme to provide cheaper and
      FILE PHOTO  -  734 words
    • Article, Illustration
      Lock icon Lee Kuan Yew’s condition largely unchanged:PMO
      338 3  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THERE has been no improvement in former prime minister Lee Kuan Yew’s health since the last update on his condition a week ago. In a brief statement on Friday, the Prime Minister’s Office (PMO) said the 91-year-old’s condition
      PHOTO: LEE HSIEN LOONG/FACEBOOK  -  338 words
    • Article, Illustration
      Lock icon Cars, tech sell well but Jan retail sales down 5%
      511 4  -  Economists cite lower tourist arrivals, sluggish property market and weak currency and say the trend may continue By Debbie Yong debyong@sph.com.sg @DebbieYongBT Singapore MOTOR vehicle and technology retailers may have seen buoyant sales in January, but total retail sales continued
      FILE PHOTO  -  511 words
    • Article, Illustration
      Lock icon China-led AIIB gets backing of World Bank and the UK
      690 5  -  Support from these parties reverses the hitherto cool reception to development bank By Anthony Rowley btworld@sph.com.sg Tokyo WORLD Bank president Jim Yong Kim came out strongly in support of the proposed Chi-na-led Asian Infrastructure Investment Bank (AIIB) on Friday, after
      PHOTO AFP  -  690 words
    • Article
      Lock icon 13 startups to represent Singapore at tradeshow in Texas
      423 5  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore A SINGAPORE-BASED startup seeking to develop affordable space debris removal services to enable safer, more sustainable satellite missions will be among 13 startups representing Singapore at this year’s South by Southwest (SXSW) trade show next
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    • Article, Illustration
      Lock icon Olam rides on Ivory Coast’s rapid growth
      951 6  -  At the ground level, it has field workers who build ties with the farmers who produce the crops By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SOME 300 machines whirr non-stop in a factory in the Ivory Coast, splitting open cashew shells in seconds. This
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    • Article, Illustration
      Lock icon Alas, Sir Terry, we no longer walk together
      915 7  - Alas Sir Terry, we no longer walk together BTBLOGS Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Correspondent WE KNEW this day would come. For at least eight years, Terr y P ra t c h e tt s Alzheimer’s diagnosis hung over him, cloaking his last books with the weight of foreboding and
      PHOTO: REUTERS  -  915 words
    • Article
      Lock icon There’s something magical about the CPF
      548 7  -  SATURDAY SOAPBOX By Arthur Lee arthurl@sph.com.sg “THIS is not magic; it’s just basic mathematics,” said Manpower Minister Tan Chuan-Jin in Parliament on Monday. It triggered my curiosity to find out just how potent the “magic” of compounding interest is and how best to benefit
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      47 2 CONTENTS LIVING Design L2-5 Dining L6-9 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 18 Energy Commodities 19 Technology 20 Consumer 21 Transport 22 Govt Economy 23-25 Opinion 26-27 Wealth 28-30 Life Culture 31 Living L10-13 Motoring L14-15 Sports L16
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      157 3 -Mzt'W 3 GOVERNMENT OT WESTERN AUSTRALIA AUSJH AUSTRALIA BUSINESsTiHVESTMENT/AH'd GENERAL VISA CONDITIONS MEMBER OE MIGRATION INSTITUTE OE AUSTRALIA With 25 years of experience Robert K Chelliah, an expert in Australian Migration policies and procedures is providing a value packed seminar in collaboration with Bruno Delfante from the WA State Government
      157 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Light up the world
      2622 8 / 9  -  Rotary International president Gary Huang talks about how the world’s oldest NGO serves communities across the globe. By Vikram Khanna vikram@sph.com.sg WHENEVER he gives speeches and he has given hundreds all over the world the president of Rotary International (RI) Gary Huang likes to start with
      PHOTO: YEN MENG JIIN  -  2,622 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon KepLand bid: $4.60 price hinges on 95.5% stake
      736 10  -  KepCorp’s stake now at 85.6%, within striking distance of 90% privatisation threshold By Melissa Tan melissat@sph.com.sg @MelissaTanBT @MelissaTanBT Singapore ALTHOUGH conglomerate Keppel Corp inched closer to privatising its mainboard-listed property arm on Friday, shareholders who accepted its two-tier offer will not get
      Compiled by BT  -  736 words
    • Article
      Lock icon Aberdeen to launch China-A share fund on Monday
      579 10  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore ABERDEEN Asset Management is launching a China-A share fund on Monday to capitalise on the long-term growth potential of mainland China. The new fund, domiciled in Luxembourg, will make use of Aberdeen’s 600 million renminbi (S$133
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    • Article, Illustration
      Lock icon STI dips but gainers outnumber losers
      782 11  -  STOCKS Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Correspondent SINGAPORE share prices closed lower on Friday with the Straits Times Index down 10.83 points, or 0.32 per cent, to 3,362.77 points. ome 1.1 billion shares with a value of S$910.3 million changed hands. Gainers outnumbered losers 215
      782 words
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      Lock icon Ex-Singapore Power CFO joins InterOil board
      365 11  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore NEW YORK-listed InterOil Corporation has appointed Singapore Power’s former chief financial officer Yap Chee Keong, 54, to its board. “He joins the board immediately, replacing Samuel L Delcamp who is retiring after three years as a director,”
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    • Business briefing
      • Article
        Lock icon Serial System to acquire Swift Value Business
        88 11 SERIAL System has entered into a conditional sale-and-purchase agreement to fully acquire Swift Value Business. The purchase consideration consists of the net tangible assets (NTA), plus a premium of S$10 million and a 20 per cent share of post-tax net profit for the
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    • Article
      Lock icon STI STOCKS
      320 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 249 +2 250/247 263 213 5.7 6295.6 CapitaLand 348 unch 351/348 371 268 12.7 2.6 *****.8 CapitaMall Trust 212 +5 212/207 226 186.5 5.1 7354.3 CityDev 1012 cd +4 1016/1008 1118 907
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    • Article
      Lock icon SGX ETFs Most Active
      110 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 336 -1 4015 337/335 349/305 335/336 Nikko AM STI ETF 342 +1 218 342/340 422/311 340/342 8.2 UETF SSE50China 235 +5 167 235/230 238/140 232/235 73.4 IS ASIA HYG US$ US1053 +2 70 1053/1053
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      Lock icon SIBOR
      31 12 Mar 13 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 1.***** SWAP Offer rates (S$) (SS) 1 mth 0.***** Source: Thomson Reuters
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      Lock icon BT SHARE INFORMATION SERVICE
      799 12 For week beginning Mar 9 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) G.K. Goh Hldgs 12-Mar-15 GkG Investment Hldgs Buy 25 0.94 *****5 58.73 *****0 58.74 G.K. Goh Hldgs
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 6 3 0 0 0 6 6 3 Manufacturing 53 38 36 8 7 12 61 45 48 Commerce 25 21 14 3 4 3 28 25 17 Tpt/Stor/Comms 12 14 15
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      Lock icon SECURITIES TRADING TURNOVER
      121 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,778 16,778 52,040 52,040 Manufacturing 148,731 49,246 197,977 80,158 2,931 83,089 Commerce 76,813 34,878 111,691 92,341 992 93,333 Tpt/Stor/Comms 64,814 153 64,967 127,820 11 127,831 Finance 21,943 163 22,106 190,655 36 190,691 Construction 76,499 11,746
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      Lock icon OTHER SINGAPORE INDICES
      77 12 Mar 13 VALUE CLOSE BT OB/OS -615.00 +120.00 BT CADI -*****.00 +22.00 BT 10-day MA -*****.00 -61.00 FTSE ST Mid Cap 772.18 +1.38 FTSE ST Small Cap 479.36 +0.76 FTSE ST All Share 807.43 -1.70 FTSE ST China Top 191.11 +0.34 FTSE ST China 234.07 -1.16 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 12 VOL CLOSE($) CHANGE Golden Ocean 2.0 0.225 -1.575 -87.50 Sinotel Tech^ 11,015.2 0.096 +0.047 +95.92 Lereno Bio-Chem 10,147.0 0.003 +0.001 +50.00 Edition 500.0 0.018 -0.005 -21.74 China Haida 410.0 0.016 -0.003 -15.79 ES 1,682.2 0.159 +0.021 +15.22 SinoConstruction 48,578.8 0.032 -0.014 -30.44 USP Group 5,924.5 0.054 +0.004 +8.00
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    • Article
      Lock icon COMMODITY FUTURES
      193 13 Mar-12 Price Net change change Last Trade Agricultural Mar-12 CBOT Soybeans (US cents/bu) 986.50 -2.50 -0.25% 13/03/2015 CBOT Soybean Oil (US cents/lb) 30.76 -0.21 -0.68% 13/03/2015 CBOT Wheat (US cents/bu) 513.25 10.25 2.04% 13/03/2014 Mar-12 LIFFE Cocoa (£/tonne) 1982.00 16.00 0.81% 16/03/2015 LIFFE Coffee (US$/tonne) 1751.00 -52.00 -2.88%
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    • Article
      Lock icon PALM OIL
      54 13 Mar 13 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 15 2270.0 792 Apr 15 2230.0 2247.0 2250.0 2229.0 802 ***** May 15 2227.0 2248.0 2251.0 2227.0 ***** ***** Jun 15 2217.0 2236.0 2240.0 2217.0 7220 *****
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      Lock icon GOVERNMENT SECURITIES
      67 13 Mar 13 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.39 102.43 102.43 5-Year N*****0H 1.625 01-Oct-19 99.25 10-Year NY*****H 3.000 01-Sep-24 104.79 105.20 105.20 15-Year NY*****E 2.875 01-Jul-29 101.86 102.40 102.20 20-Year NZ*****V 3.375 01-Sep-33 107.18 107.80 107.70
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Mar 13 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0637 1.0646 0.7684 0.7685 Canadian dollar 1.0880 1.0893 0.7863 0.7860 Euro 1.4683 1.4697 1.0607 1.0609 NZ dollar 1.0202 1.0214 0.7370 0.7373 Sterling pound 2.0590 2.0610 1.4874 1.4878
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    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      205 13 Mar 13 Most active Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left DBS MB eCW*****0 9.5 0.4 9725 0.2 1980 1 OCBC Bk MB eCW*****3 9.1 -0.2 6427 0.2 1050 5 Singapore ExchangeMBeCW*****3 10.9 -0.7 2921 0.2 790 5
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 13 In local curr In S$ In US$ dy yr dy yr dy yr Mar 12 Index Change Change Change Change Change Change World Preliminary 1323.3 0.7 3.7 0.3 5.0 0.8 0.9 EAFE Preliminary 1079.1 0.5 9.3 0.2 6.8 0.8 2.6 Europe Preliminary 1520.2 0.2 10.0
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      Lock icon STOCK MARKETS
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    • Article
      Lock icon Sino Grandness eyes Thailand juice market
      552 14  -  Plan to sell Garden Fresh brand there by H2 and to other parts of region eventually By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore MAINBOARD-listed Sino Grandness Food Industry plans to start selling its Garden Fresh brand of fruit juices in Thailand by the second half
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    • Article
      Lock icon Lifebrandz to close F&B outlets in Clarke Quay
      301 14  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore LIFEBRANDZ is shutting down its food and beverage (F&B) establishments in Clarke Quay after its subsidiaries were unable to pay employees their salaries for the month of February. The outlets which are ceasing operations are Aquanova,
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    • Article
      Lock icon Singapore Good Design Mark for 83 companies
      221 14  -  By Prisca Ang prisang@sph.com.sg Singapore EIGHTY-three companies have received Singapore Good Design Mark (SG Mark) 2015 awards in recognition of their creative and innovative products and solutions. The awards were presented on Friday night at the Designs Gala Dinner officiated by guest-of-honour Grace
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    • Article
      Lock icon Hong Leong Finance president awarded AustCham medal
      219 14  -  By Prisca Ang prisang@sph.com.sg Singapore HONG Leong Finance (HLF) president Ian Macdonald has been awarded the AustCham President’s Medal 2015 for his contribution to Singapore-Australia business and trade relations. Mr Macdonald, an Australian who has been working in Singapore for more than 10
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    • Article
      Lock icon Blumont waives all conditions for Genesis bid
      212 14  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCai Singapore BLUMONT Group said on Friday that it has waived all conditions to its off-market takeover bid for Australia-listed mineral exploration and development company Genesis Resources Limited via a share swap. Each Genesis shareholder that has accepted or
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Seoul’s tallest tower rises as faith crumbles
      711 15 Teething issues in construction are not unusual but South Koreans now have zero tolerance for safety lapses Reuters Seoul AT 92, the man who built South Korea’s biggest retail empire is finally making his mark in the Seoul skyline as the country’s tallest
      Reuters; PHOTO: REUTERS  -  711 words
    • Article
      Lock icon Another place to go shopping for residents in Singapore’s west
      338 15  -  By Prisca Ang prisang@sph.com.sg Singapore RESIDENTS in Singapore’s western region can soon add another retail destination to their choices with the opening next week of 321 Clementi, a project by Eng Wah Global. Located in Clementi town centre, the nine-level
      338 words
    • Article
      Lock icon UK construction output in January down sharply
      253 15 Reuters London BRITISH construction output unexpectedly fell in January at the sharpest monthly rate since late 2013, dragged down by a worsening decline in housebuilding, official data showed on Friday. Construction output shrank by 2.6 per cent in January confounding economists’ expectations for
      Reuters  -  253 words
    • Article
      Lock icon Househunt
      1064 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JAN 28 AND FEB 3, 2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Suites Apt 29/01/2015 99 2067 4450 2153 One Shenton Apt 03/02/2015 99
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  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      190 17 A Discover the joy of reading The Straits Times Uf y r ji Choose from 6 amazing gifts when you subscribe now! 3-YEAR PLAN 2-YEAR PLAN Philips Viva Collection Bread Maker HD9045 HTC RE Camera 16MP, 146° wide angle lens, Android and iOS compatible, Waterproof select one l fry Lenovo
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  • BANKING & FINANCE
    • Article
      Lock icon China ratings firm raises alarm over Internet loans
      939 18 1,250 platforms or more may go bankrupt or run into difficulty Bloomberg Shanghai SENIOR Chinese government advisers are calling for tighter supervision of peer-to-peer online lending after a ratings company warned 1,250 platforms or more may go bankrupt or run into difficulty.
      Bloomberg  -  939 words
    • Article, Illustration
      Lock icon Hike in India’s foreign stake cap for insurers seen attracting US$3b
      542 18 Bloomberg Singapore INDIAN companies with insurance ventures, including Max India Ltd and Reliance Capital Ltd, are poised to benefit from higher foreign shareholding limits that may draw more than US$3 billion from overseas investors. The passage of a bill
      Bloomberg; PHOTO: BLOOMBERG  -  542 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Oil products glut feared as refiners step on the gas
      770 19 Current recovery in crude prices unlikely to last as user demand hasn’t gone up: analysts Bloomberg London AS crude prices stabilised in recent weeks following their collapse last year, one of the key reasons analysts pointed to was bar-gain-hunting by
      Bloomberg; PHOTO: REUTERS  -  770 words
    • Article
      Lock icon US oil firms seen lobbying Washington for lifting of export ban
      622 19 Bloomberg Washington ABOUT a dozen US drilling executives, including ConocoPhillips chief executive officer Ryan Lance, were in Washington this week trying to persuade White House officials and lawmakers to lift the 40-year ban on US oil exports, according to
      Bloomberg  -  622 words
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  • TECHNOLOGY
    • Article
      Lock icon TPG Telecom to buy rival iiNet for A$1.4b
      395 20 Deal, which will catapult TPG to No 2 position in fixed-line broadband business, could provoke Optus counter offer Reuters Sydney AUSTRALIA’S TPG Telecom Ltd on Friday said it will buy domestic Internet services provider iiNet for A$1.4 billion (S$1.5 billion), in a
      Reuters  -  395 words
    • Article, Illustration
      Lock icon There is an Indian app for every errand that needs to be run
      979 20 Bloomberg Mumbai WHEN Harsh Vardhan Mandad and his Mumbai flat-mates brainstormed ideas for the next killer app, they fuelled the sessions with late-night deliveries of local fare. The curry rice and spicy wraps inspired their big breakthrough.
      Bloomberg; PHOTO: BLOOMBERG  -  979 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Singapura Finance sponsors local swimming championship
      496 21  -  It aims to raise awareness of its brand and give back to the community By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore SINGAPURA Finance, which turns 65 this year, is hoping to boost its brand with younger customers by making a big splash in swimming. The
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      Lock icon Global push puts Ajinomoto at risk of further downgrade
      813 21 Bloomberg Singapore AJINOMOTO Co’s global acquisitions push has drawn a warning of a further credit rating downgrade, as sales of monosodium glutamate flag in Japan. The maker of food seasonings was cut by one level to A+ in December by Standard
      Bloomberg; FILE PHOTO  -  813 words
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  • TRANSPORT
    • Article
      Lock icon Scrapping of ships seen doubling this year
      738 22 But some owners, citing fewer new orders, say they prefer to wait as rates are expected to pick up from next year Bloomberg London SCRAP yards are preparing for record numbers of freighters as shipping rates tumble to all-time lows. Owners may demolish
      Bloomberg  -  738 words
    • Article, Illustration
      Lock icon Hyundai Motor told to change governance structure
      373 22 Reuters Seoul A MAJOR investor in Hyundai Motor Co on Friday urged the carmaker to improve its governance, as shareholders met for the first time since the Hyundai group paid US$10 billion for a piece of real estate in a widely criticised deal.
      Reuters; PHOTO: REUTERS  -  373 words
    • Article, Illustration
      Lock icon Lyft secures US$530m in Rakuten-led funding round
      301 22 AFP Washington LYFT has raised the stakes in its ambitious drive to take on Uber, saying it has raised US$530 million in a funding round led by Japanese e-commerce giant Rakuten to fuel expansion in the US and abroad. The latest investments peg
      AFP; PHOTO: BLOOMBERG  -  301 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Japan Lower House passes record US$793b budget
      320 23 It includes fresh economy-boosting stimulus, more defence spending AFP Tokyo JAPAN’S powerful Lower House of Parliament on Friday passed a record US$793 billion budget, including fresh economy-boosting stimulus and more defence spending as Tokyo eyes an increasingly assertive China. The government plans to
      AFP; PHOTO: AFP  -  320 words
    • Article, Illustration
      Lock icon Jakarta to ease pension, insurance fund rules
      497 23 Reuters Jakarta INDONESIA’S financial services authority aims to boost the local capital market by making it easier for pension and insurance funds to invest in riskier products, a senior official at the regulator told Reuters. South-east Asia’s largest economy is heavily reliant on
      Reuters; PHOTO: AFP  -  497 words
    • Article, Illustration
      Lock icon India, Sri Lanka boost ties with currency swap
      458 24 In bid to counter China’s influence Modi also signs deals on power plant, railways Bloomberg Colombo ON the first trip to Sri Lanka by an Indian leader since the 1980s, Prime Minister Narendra Modi agreed to strengthen financial ties and build up
      Bloomberg; PHOTO: REUTERS  -  458 words
    • Article
      Lock icon China cuts red tape for securities listings
      263 24 Bloomberg Beijing CHINA’S securities regulator is scrapping approvals for new exchange-product listings, signalling accelerating efforts to cut administrative red tape before planned reforms of initial public offerings (IPOs). New securities products can be listed on stock or futures exchanges without the endorsement of
      Bloomberg  -  263 words
    • Article
      Lock icon Wholesale prices slide for 4th straight month
      438 25 February’s surprise 0.5% decline reflects cheaper food and slump in profit margins among wholesalers and retailers LATEST US DATA Bloomberg Washington WHOLESALE prices in the United States unexpectedly declined in February for a fourth consecutive month, reflecting cheaper food and a slump in
      Bloomberg  -  438 words
    • Article, Illustration
      Lock icon Athens seeks to tap state bodies’ reserves
      604 25 AFP Athens GREECE’S government confirmed on Thursday that it may raid the country’s pensions and social security system to raise money to meet its huge debt repayments. With Athens having to find six billion euros (S$8.8 billion) in the next two weeks alone
      AFP; PHOTO: AFP  -  604 words
    • Article
      Lock icon Norway fund bets ECB move will lift Spain bonds
      226 25 Bloomberg Oslo NORWAY’S US$860 billion sovereign wealth fund, the world’s biggest, has bought up Spanish government bonds in anticipation that European Central Bank (ECB) debt purchases will drive up their value. Holdings of Spanish government bonds rose by 67 per cent
      Bloomberg  -  226 words
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      56 23 HOT PROPERTY REVISED! 2STY Detached @Siglap Hill 4924sf. Nice gdn. Reno Roof terr. 5rm+pool. $8.8M $2.88M! 3-STOREY CORNER Terr Langsat 2750/3000sf Regular plot! Mins walk MRT. EAST COAST CORNER terr. 2sty. Land 2650 sf. 4+1. South facing. $3.xM. Move in. LANDED PROPERTIES FOR SALE! Check out these properties and more
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  • OPINION
    • Article, Illustration
      Lock icon To innovate, hire the ‘wrong’ people
      1004 26 / 27  -  Business leaders must use diagnostic frameworks to examine the extent to which entrepreneurialism, creativity and continuous learning is promoted within their organisation. By Thomas Menkhoff By Thomas Menkhoff ~The writer is professor of organisational behaviour and human resources at the Lee Kong Chian School
      1,004 words
    • Article
      Lock icon Reviving the lost art of working capital management
      911 26 / 27  -  By Rohit Joshi ~The writer is head of global payments and cash management at HSBC Singapore IN an environment where every cent counts, businesses are finding new ways to make working capital work as hard as it can to contribute to cash
      911 words
  • Page 26 / 27 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Junk bonds losing favour amid glut
        752 28 / 29 Issuance of US high-yield, high-risk notes in 2015 is 20% ahead of last year’s pace Bloomberg New York AFTER swallowing US$67.8 billion of junk bonds this year, the market is taking a breather. Investors pulled abour US$2 billion from mutual funds that invest in
        Bloomberg  -  752 words
      • Article
        Lock icon Mercer helps some clients get fee cuts
        494 28 / 29 .Bloomberg Hong Kong MERCER, which manages US$37 billion of hedge-fund investments, said that it has negotiated management-fee cuts for clients in half of the cases. Clients outside the US pay an average annual management fee of 1.35 per cent after the reductions on
        .Bloomberg  -  494 words
      • BROKERS' TAKE
        • Article
          Lock icon Global Logistic Properties
          116 28 / 29 Buy OCBC Investment Research March 13 Close: S$2.51 Target price: S$2.99 GLOBAL Logistic Properties (GLP) recently reported new leases totalling 63,000 sq m in China with four customers who are leaders in the e-commerce, packaged foods and pharmaceutical industries; the three will be multi-location customers. We believe
          116 words
        • Article
          Lock icon United Envirotech
          126 28 / 29 Buy Maybank Kim Eng Research March 13 Close: S$ 1.645 Target price: S$1.93 Q3 FY 2015 results beat market and our expectations on higher engineering revenue. Nine-month earnings per share formed 79 per cent of our full-year estimates. Growth was broad-based. We continue to believe Citic’s involvement will
          126 words
        • Article
          Lock icon OUE Hospitality Trust
          206 28 / 29  -  Compiled by Cai Haoxiang Buy CIMB Research March 12 Close: S$0.925 Target price: S$1.01 Amid a more positive 2015 outlook for Singapore tourism, Mandarin Orchard and Mandarin Gallery are expected to deliver stable earnings in FY 2015. Also, with 100 per cent of debt at a fixed
          206 words
      • Article, Illustration
        Lock icon Rally in China equities may be ending
        915 30 Financials index is down 8.1% against broader market’s 1.7% gain, signalling a reversal ahead Bloomberg ShanghaiCHINESE stock bulls may want to take note of the sell-off in financial shares. If recent history is a guide, the losses in the CSI 300 Financials Index
        Bloomberg; PHOTO: REUTERS  -  915 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Hong Kong draws up culinary canvas for hungry art lovers
      725 31 Restaurants gear up with art-inspired set menus starting around HK$1,000 AFP Hong Kong HONG Kong’s Art Week will consume the city for the next few days but creative displays will not be confined to galleries and exhibition halls they will
      AFP; PHOTO: AFP  -  725 words
    • Article
      Lock icon Disney makes it official Frozen 2 is on the way
      367 31 AFP Los Angeles DO you wanna build a sequel? For Disney, the answer is an obvious yes. Disney Animation announced on Thursday that a follow-up to the animated mega-hit Frozen which raked in nearly US$1.3 billion in global ticket sales
      AFP  -  367 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      320 31 CRYPTIC CROSSWORD Across 1 Supercilious saleswomen with no heart dodgy! (6) 4 Germany collapse after victory that’s a bonus (8) 9 Does a test when, for example, crude is extracted from soil (6) 10 Bush has first of aides thrown out by hotel (8) 12 Not worried, with charge for
      320 words
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      45 words