The Business Times, 20 March 2015

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 28
1 28 The Business Times
  • 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 20,2015
    24 words
  • DAILY DIGEST
    • 35 1 the Singdollar had a relief rally on Thursday in a knee-jerk reaction to what was regarded as a dovish statement on interest rate hikes from the US Federal Reserve.TOP STORIES 2
      35 words
    • 41 1 George Osborne is banking on a growing UK economy to drive the Conservatives home in the May 7 general election. The tenor of his Budget is for voters to stick with the party they know.TOP STORIES /3
      41 words
    • 37 1 may call off the much-bandied-about and long-delayed IPO of its energy assets and instead divest the entire portfolio of 16 power and desalination plants to tackle its hefty debt woes. TOP STORIES/4
      37 words
    • 35 1 towards becoming a global bitcoin hub on Wednesday as the government announced it would regulate digital currencies for the first time by applying anti-money laundering rules to exchanges.BANKING FINANCE /10
      35 words
    • 36 1 will bring opportunities for raising growth and productivity in South-east Asia but it will also entail increased risk in financial and other sectors of the regional economy, the IMF says. GOVERNMENT ECONOMY/18
      36 words
    • 29 1 with the Singapore International Film Festival recently staging a strong comeback, and similar events whetting the appetite for edgier, non-commercial world movies in between.PURSUITS 27
      29 words
  • 27 1 Thursday Change STI 3,386.16 +24.41 KL COMP 1,809.13 +11.56 NIKKEI 225 19,476.56 -67.92 HANG SENG 24,468.89 +348.81 SHENZHEN B 1,127.37 -0.03 DOW (noon EDT) 17,943.54 -132.54
    27 words
  • 653 1  -  HSBC noted that the short-term relief by the Fed’s stance did not actually improve the fundamental outlook for emerging markets By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore REGIONAL markets rallied on Thursday across key asset classes as investors saw signs of an unexpectedly dovish
    653 words
  • 778 1  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore MISSION-oriented research and development by A*Star has resulted in over S$380 million in industry investment for more than 1,700 projects in the first nine months of fiscal 2014. According to the agency, by the end
    BT Graphics Source: A*STAR  -  778 words
  • Page 1 Advertisements
    • 105 1 Hill 8 '*****1 *****4 OFFSHORE MARINE Ezion hits near 29-month low as industry woes spook investors COMPANIES MARKETS 6 ART BASEL HONG KONG HK’s art ACQUISITION Cordea Savills, SEB Asset Management merger to create S$3b Asia-Pac AUM ISRAEL POST-ELECTION Country faces prospect of a messy coalition OPINION 20 scene accelerates
      105 words

  • TOP STORIES
    • 731 2  -  Sibor continues to rise as strong US dollar trend has not changed FED REACTIONS By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore LIKE many Asian currencies, the Singdollar had a relief rally on Thursday in a knee-jerk reaction to what was regarded as
      Source: Bloomberg  -  731 words
    • 355 2  -  REUTERS BREAKINGVIEWS By Daniel Indiviglio Washington THE Federal Reserve’s lack of patience may be tested before long. Its monetary policy committee now anticipates that domestic gross domestic product (GDP) will grow by less than 3 per cent a year indefinitely. That has
      355 words
    • 777 2 BLOOMBERG Washington THE Federal Reserve opened the door to the first interest-rate increase in almost a decade, while also indicating it will go slowly once it gets started. The Fed dropped an assurance that it will be
      BLOOMBERG  -  777 words
    • 74 2 Singapore FORMER prime minister Lee Kuan Yew remains critically ill in the ICU of Singapore General Hospital, a statement from the Prime Minister’s Office (PMO) said on Thursday. This followed a statement on Wednesday, which said that he was critically ill in the ICU
      74 words
    • 799 3  -  But critics say his picture of a growing economy banks too much on consumer spending By Neil Behrmann btworld@sph.com.sg London London UK Chancellor of the Exchequer George Osborne is banking on a growing economy to drive the Conservatives
      799 words
    • 428 3  -  By tshining@sph.com.sg Teh Shi Ning tshining@sph.com.sg @TehShiNingBT Singapore THE Business Times (BT) has picked up an Award of Excellence from the Society of News Design (SND) for its newspaper redesign. Undertaken last October, the redesign was part of a major relaunch of Singapore’s
      428 words
    • 633 4  -  Direct disposal deemed a swifter solution to overcome company’s debt dilemma By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore TROUBLED 1 Malaysia Development Bhd may call off the much bandied about and long-delayed initial public offering (IPO) of its energy assets and,
      PHOTO: REUTERS  -  633 words
    • 550 4  -  Meanwhile, 1MDB is pushing ahead to develop a retail-led project in TRX, a new financial district in KL By Pauline Ng btworld@sph.com.sg Kuala Lumpur FITCH Ratings has said that a default by the debt-laden 1 Malaysia Development Bhd (1MDB)
      550 words
  • Page 2 Advertisements
    • 41 2 I I^IL'II Maiini i Poliform Jacqueline bed Was from S$6,155 Now from S$4,924 Starts 6 March 2015 and ends 29 March 2015 Conditions apply. See in-store for details, spacefurniture.asia 10.30am to 8.00pm daily 77 Bencoolen Street, Singapore *****3 +65 6415 0000
      41 words

  • Page 3 Advertisements
    • 319 3 WE CARE FOR YOUR BMW AS MUCH AS YOU DO. AUTHORISED BMW SERVICE CENTRES. Quality, innovation and efficiency these are what BMW is built on, and what you’ve come to expect from us. That’s why only BMW Authorised Service Centre technicians are specially trained and equipped with state-of-the-art facilities to
      319 words

  • Page 4 Advertisements
    • 148 4 BUSINESS CHINA AWARDS 2015 CELEBRATING SINGAPORE-CHINA RELATIONS NOMINATIONS NOW OPEN The Business China Awards was incepted in 2010 by Business China to honour outstanding individuals and organisations for their immense contributions to Singapore-China relations as well as promoting bilingualism and biculturalism in Singapore. From now till 20 April, nominations are
      148 words

  • COMPANIES & MARKETS
    • 439 5  -  ‘Multi-million dollar’ investment by Temasek’s venture capital arm takes total funding for the online parenting platform to some S$4.5m By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SINGAPORE-BASED online parenting platform theAsianparent on Thursday welcomed a new “multi-million-dollar” investment from Temasek’s venture capital arm Vertex Venture, taking
      439 words
    • 436 5  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore SINGAPORE motor insurers turned in a record underwriting profit of S$149.5 million last year, up 153 per cent from a year ago, and also stayed in the black for a fourth consecutive year. The General
      436 words
    • IN BRIEF
      • 74 5 KEPPEL Corp’s stake in Keppel Land has grown to 87.2 per cent as at 5pm on Thursday, the company said in a Singapore Exchange filing. Keppel Corp needs to own more than 90 per cent of Keppel Land to delist the company, according to
        74 words
      • 88 5 TWO companies SunMoon Food Company and Changtian Plastic Chemical plan a 10-into-1 share consolidation of their shares. The proposals by both firms are aimed at satisfying the minimum S$0.20 trading price requirement set by the Singapore Exchange for mainboard-listed companies. Changtian said that the proposed
        88 words
    • 491 6  -  Further fall comes despite analyst report that shares in liftboat company have been oversold By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore SHARES of liftboat owner Ezion sank further on Thursday despite an analyst report the day before saying that the
      Source: Bloomberg; FILE PHOTO  -  491 words
    • 355 6  -  By Fiona Lam fionalam@sph.com.sg Singapore NOMINATIONS for the annual Business China Awards, now into its sixth year, are open until April 20. There are three categories Excellence Award, Young Achiever Award, and Enterprise Award. The first two will go to individuals who have
      355 words
    • 451 6  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore ROXY-PACIFIC Holdings’ latest acquisition of a 40 per cent stake in properties in Brisbane has prompted one research house to raise its valuation for the stock. Voyage Research on Thursday said it arrived at a higher valuation of
      451 words
    • 335 6  - S&P upgrades BOC Aviation to A rating By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore STANDARD Poor’s (S&P) has upgraded BOC Aviation’s long-term credit rating to A- from BBB, citing a stable outlook for the aircraft leasing firm. Owned by the Bank of China, the aircraft leasing company has its headquarters in
      335 words
    • 325 6 REUTERS Kuala Lumpur MALAYSIA’S Petroliam Nasional Bhd (Petronas) plans to use the US$5 billion that it raised in Asia’s largest bond offering so far this year for corporate expenses as well as possible acquisitions, the company said. In a statement, the state-owned energy
      REUTERS  -  325 words
    • 359 7  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore IN THE heat of a controversy surrounding its marketing campaign last year, Singtel Group said it has terminated the services of the social media agency Gushcloud, and that an employee who worked on the
      PHOTO: BLOOMBERG  -  359 words
    • 634 7 US$9 billion erased from market value as shares in Hong Kong slide 3.3 per cent, the most since September BLOOMBERG Beijing CHINA Mobile Ltd saw US$9 billion erased from its market value after the company posted its largest annual profit
      BLOOMBERG  -  634 words
    • 290 7 BLOOMBERG Munich SIEMENS AG shares fell the most in seven weeks after chief executive officer Joe Kaeser told investors that woes at the power business of Europe’s biggest engineering company are hurting profit and sales. Operational difficulties at the wind power and process industries
      BLOOMBERG  -  290 words
    • Article, Illustration
      63 8 STI Catalist Straits Times Index March 19,2015 3,386.16 +24.41 (+0.73%) Current streak 1 day Day high 3,386.16 Day low 3,371.76 52-week high 3,444.57 (Feb 11, 2015) 52-week low 3,057.20 (Mar 20, 2014) FTSE ST Catalist index March 19,2015 659.07 -2.18 (-0.33%) Current streak 7 days Day high 664.45 Day low
      63 words
    • 710 8  -  Most observers felt it was mainly short-covering on a day gains in Singtel, OCBC and Hongkong Land within the index contributed to the final reading STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT WALL Street rallied after an apparently market-friendly Federal Open Market Committee (FOMC)
      Source: Bloomberg  -  710 words
    • 320 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 250 +5 252/246 263 213 5.7 6320.9 CapitaLand 348 +2 350/343 371 268 12.7 2.6 *****.8 CapitaMall Trust 216 +9 216/211 226 186.5 5 7493.1 CityDev 1000 cd -7 1010/999 1118 907
      320 words
    • 33 8 VOLUME Noble 66,266,400 IHC 54,284,700 SingTel 34,625,300 Ezion 30,511,400 Moya Asia 26,888,900 Market volume 1,466,062,000 VALUE SingTel 144,827,351 DBS Grp 80,390,238 Noble 56,626,970 OCBC Bank 52,777,000 UOB 52,028,961 Market value 1,207,758,000
      33 words
    • 77 8 Mar 19 VALUE CLOSE BT OB/OS -772.00 +44.00 BT CADI -*****.00 -17.00 BT 10-day MA -*****.00 -77.00 FTSE ST Mid Cap 768.74 +3.42 FTSE ST Small Cap 471.95 -0.04 FTSE ST All Share 810.43 +5.12 FTSE ST China Top 190.32 +1.00 FTSE ST China 233.73 +2.60 FTSE
      77 words
    • 34 8 STI FTSE ST All-Share FTSE ST All-Share index March 19,2015 810.43 +5.12 (+0.64%) Current streak 1 day Day high 810.43 Day low 807.66 52-week high 827.11 (Feb 11,2015) 52-week low 745.24 (Mar 20, 2014)
      34 words
    • 33 8 STI MSCI EAFE MSCI EAFE Index March 18,2015 1,845.08 +13.91 (+0.76%) Current streak 1 day Day high 1,848.73 Day low 1,829.56 52-week high 1,995.49 (July 3, 2014) 52-week low 1,697.01 (Jan 7, 2015)
      33 words
    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 8 5 0 0 0 3 8 5 Manufacturing 45 53 34 9 8 10 54 61 44 Commerce 14 28 21 3 4 3 17 32 24 Tpt/Stor/Comms 10 15 14
      186 words
    • 123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 22,320 22,320 53,768 53,768 Manufacturing 178,487 30,224 208,711 67,226 1,993 69,219 Commerce 102,680 36,482 139,162 109,801 1,307 111,108 Tpt/Stor/Comms 141,338 591 141,929 273,168 80 273,248 Finance 26,297 150 26,447 205,628 28 205,656 Construction 57,242 20,666
      123 words
    • 76 8 BY CENTS CLOSE UP 52w high/low DBXT MSEurope US$ 5974 324.2 4.1 6492/5366 DBXT Nifty US$ ***** 260.5 1.3 *****/***** GLD US$ ***** 257.7 1.7 *****/***** DBXT China50 US$ 3471 94.2 2.0 3554/2577 DBXT S&P500 US$ 3561 88.7 1.8 3626/3019 BY PERCENTAGE CLOSE UP 52w high/low GlobalYellow W*****5 0.2
      76 words
    • 79 8 BY CENTS CLOSE DOWN 52w high/low Lyxor Indonesia US$ 8966 -131.6 -1.0 9636/8507 SPDR DJIA US$ ***** -91.5 -0.4 *****/***** DBXT S&P Short US$ 2143 -66.5 -2.2 2602/2117 JMH USD 6250 -61.0 -0.7 6788/5552 JSH USD 3460 -48.5 -1.0 3810/3233 BY PERCENTAGE CLOSE DOWN 52w high/low S Chance Prop
      79 words
    • 79 8 VOL CLOSE($) CHANGE LH 22,600.1 0.002 -0.001 -33.33 China Haida 471.0 0.026 +0.008 +44.44 China Env Res 5.0 0.026 +0.003 +13.04 Cityneon 30.0 0.260 +0.040 +18.18 CPH 2,500.0 0.005 -0.001 -16.67 EastGate Tech 372.8 0.031 +0.008 +34.78 ChinaKundaTech 330.0 0.012 -0.004 -25.00 Civmec 8,463.6 0.390 +0.035 +9.86 HuanHsin^
      79 words
    • BROKERS’ TAKE
      • 70 8 Buy Close: S$19.96 Target price: S$21.90 UOB Kay Hian March 19 Buy with a target price of S$21.90, with stops placed at S$19.20. The stock appears to be well-supported at S$19.20 and a break above S$20.30 could suggest further upside, with the rising 120-day Exponential Moving Average (EMA)
        70 words
      • 165 8 Buy Close: S$8.47 Target price: S$10.25 Maybank Kim Eng Research March 19 Venture has come a long way since it moved away from volatile, low-margin consumer electronics to stable, high-margin enterprise and industrial solutions. Its stock is now in five-year-high territory, back to levels before it started its
        165 words
      • 202 8  -  Compiled by Claire Huang Overweight CIMB Research March 18 The Land Transport Authority (LTA) announced that eight firms were shortlisted for the government’s first public bus contract, that is the Bulim Package. The bidding prices of the eight players range from S$93.7 million per annum (by SMRT)
        202 words
    • 111 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap UETF SSE50China 250 +3 116 250/246 250/140 249/250 78.1 IS MS India US$ US793 82 806/793 1000/605 793/797 99.1 STI ETF 339 +2 53 339/336 349/307 337/339 Lyxor ChinaH US$ US1657 +11 52 1660/1631 1700/1221 1658/1667
      111 words
    • 424 9 CURRENCIES BLOOMBERG Hong Kong SOUTH Korea’s won and Indonesia’s rupiah led gains in Asian currencies after the Federal Reserve signalled slower US interest-rate increases than previously forecast. Seven of the 11 most traded Asian currencies advanced on Thursday. The Bloomberg Dollar
      BLOOMBERG  -  424 words
    • FOREX RATES
      • 471 9 Mar 19 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.970 4.750 0.717 5.947 47.920 99.888 0.925 8.572 2.839 1.035 78.136 34.282 1.063 9.335 0.761 24.109 25.110 0.517 0.767 Canada 1.031 4.896
        471 words
      • Article, Illustration
        2 9
        2 words
      • 2 9
        2 words
      • Article, Illustration
        1 9
        1 words
      • Article, Illustration
        2 9
        2 words
      • 155 9 Mar 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0619 1.0632 0.7664 0.7668 Canadian dollar 1.0948 1.0957 0.7902 0.7901 Euro 1.4809 1.4823 1.0688 1.0690 NZ dollar 1.0256 1.0268 0.7402 0.7405 Sterling pound 2.0547 2.0570 1.4829 1.4835
        155 words
      • 22 9 Mar 19 S$ Bid Offer 1-month 1.3867 1.3880 2-months 1.3880 1.3895 3-months 1.3895 1.3909 6-months 1.3924 1.3938 Source: OCBC
        22 words
    • EQUITY BONDS WARRANTS FUTURES
      • 368 9 Mar 19 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.64 *****.17 *****.70 Jun15 *****.00 *****.00 *****.00 *****.00 ***** *****0 Sep15 *****.00 0 143 MSCI TAIWAN INDEX FUTURES SPOT 358.73 361.90 358.73 Mar15 358.50 362.50 355.30 362.10 ***** *****5 Apr15 359.00 362.70 355.60 362.40
        368 words
      • 205 9 Mar 19 Most active Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 2.2 -0.1 7072 1 18 19 DBS MB eCW*****0 11.7 0.9 4923 0.2 1980 1 Ezion MB eCW*****2 3.7 -0.7 4690 0.4 135 8
        205 words
      • 373 9 In local curr In S$ In US$ dy yr dy yr dy yr Mar 18 Index Change Change Change Change Change Change World Preliminary 1334.5 0.0 4.6 0.1 6.6 0.1 1.6 EAFE Preliminary 1095.0 0.6 11.0 0.8 9.0 0.8 4.0 Europe Preliminary 1542.7 0.6 11.6
        373 words
    • BANK RATES
      • 154 9 Mar 19 $S Offer Bid 0vernight 0.50 0.40 1-month 0.8125 0.6875 2-months 0.8500 0.7500 3-months 1.0000 0.9600 Overnight mode: 0.50 US$ Offer Bid 7 days 0.17 0.07 1 month 0.23 0.13 2 months 0.28 0.18 3 months 0.40 0.20 6 months 0.60 0.40 9 months 0.70 0.50 12
        154 words
      • 36 9 Mar 19 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 1.***** 9 mths 12 mths 1.***** SWAP Offer rates (S$) 1 mth 0.***** 3 mths 1.***** 6 mths 1.***** Source: Thomson Reuters
        36 words
      • 69 9 Mar 19 Mar 19 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.32 5-Year N*****0H 1.625 01-Oct-19 99.07 99.50 99.25 10-Year NY*****H 3.000 01-Sep-24 105.07 105.90 105.45 15-Year NY*****E 2.875 01-Jul-29 102.28 103.15 102.40 20-Year NZ*****V 3.375 01-Sep-33 107.74
        69 words
    • AGRI METALS ENERGY
      • 253 9 Mar-18 Price Net change change Last Trade Agricultural Mar-18 CBOT Soybeans (US cents/bu) 965.00 10.50 1.10% 14/05/2015 CBOT Soybean Oil (US cents/lb) 30.63 0.59 1.96% 14/05/2015 CBOT Wheat (US cents/bu) 510.75 7.25 1.44% 14/05/2014 Mar-18 LIFFE Cocoa (£/tonne) 1949.00 -19.00 -0.97% 13/05/2015 LIFFE Coffee (US$/tonne) 1795.00 41.00 2.34%
        253 words
  • Page 5 Advertisements
    • 218 5 999 years Spacious interiors Quality fittings and finishes Homes for Every Generation 36 terrace and semi-detached units with good potential returns Land Area: 1,615 sq ft (Intermediate Terrace) 2,153 sq ft (Corner Terrace) 2,234 2,248 sq ft (Semi-Detached) Comfortable space for all: 4 lavish en suite bedrooms 1 guest room
      218 words

  • Page 6 Advertisements
    • 306 6 ADMISSION ITSHOW 19-22 MARCH 2015 SUNTEC SINGAPORE L3.11AM-9PMDAILY L4&L6,12-9PM DAILY AUCTION TIME BRAND TIME FASHION TIME TECH SHOWCASE ASUS Transformer Book Chi Series Bid for your favourite products at our Daily Auctions at 5pm! Spend a minimum of $100 to get your Bidding Ticket at the entrance of Hall 604,
      306 words
    • 40 6 airfares.com.sg MISA TRAVEL Te. 6538 0318 0 Includes Taxes Fees/ jut 7* FLIGHT HOTEL BOOK YOUR FLEXI-BUNDLED PACKAGE /Free OnePairOF fA ovieTicKeu J ("While stocks Blk 531A Upper Cross St #03-67 I 104 I 107 Singapore *****1 rasales@misatravel.com T a92o
      40 words

  • Page 7 Advertisements
    • 31 7 4Want access to BBQ pits? If you're looking for your dream condo complete with facilities, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
      31 words
    • 221 7 2 0 0 5 2 0 1 SIM UNIVERSITY J)Q Manage Your Future IN 1HI W0RU> PlACt YOUR Prionka Ray School of Arts and Social Sciences ■‘r THE UniSIM ADVANTAGE CHOICE FLEXIBILITY OPPORTUNITY UniSIM GRADUATE PROGRAMMES Apply Now m s as Whether you are planning a career change or wishing
      221 words



  • BANKING & FINANCE
    • 532 10 Move is a boon for bitcoin; new rules meant to support innovation, prevent criminal use of such units REUTERS London BRITAIN took a significant step towards becoming a global bitcoin hub on Wednesday as the government announced it would regulate digital currencies for the
      REUTERS  -  532 words
    • 419 10 REUTERS Washington BANK of America (BOA) must allow shareholders to vote on a proposal that calls for the company to consider spinning off its investment banking business, after US regulators told the bank it cannot exclude the proposal from its corporate ballot. The
      REUTERS  -  419 words
    • 611 10 BLOOMBERG Kuala Lumpur MALAYSIA’S long-term Islamic bond yields are falling twice as fast as those on shorter-dated debt, a boost for Prime Minister Najib Razak’s ability to fund a US$444 billion development programme amid a stubborn fiscal deficit. Borrowing costs on 15-year local currency
      BLOOMBERG; PHOTO: BLOOMBERG  -  611 words
  • Page 10 Advertisements
    • 774 10 ADVERTORIAL Today’s dreams, tomorrow’s reality Fifty years from now, how will people in Singapore live, work and play? BY KENDRA CHEN 53, suggests extendable balconies in every apartment. “Residents who love gardening can extend their balconies with the flick of a switch, if they want to grow more greenery,” he
      774 words

  • ENERGY & COMMODITIES
  • Page 11 Advertisements
    • 102 11 luc no Living inspiration. Mella Marble Top Dining Series K/y/i FLAGSHIF Labrador 1 Pasir Panjang Road Level 3 I Tel: 6273 2522 (Beside Labrador Park MRT Station) BOUTIQUES Upper Thomson •Sungei Kadut Toh Guan Furniture Mall Tel: 6275 8832 Tel: 6362 7077 Tel: 6294 8832 By STAR Furniture Main Office
      102 words

  • TECHNOLOGY
    • 779 12 HP Enterprise will focus on software, services, and hardware; HP Inc will sell personal computers and printers BLOOMBERG San Francisco HEWLETT-Packard Co is well on its way to splitting into two separate companies around Nov 1, chief executive officer Meg Whitman told
      BLOOMBERG  -  779 words
    • 623 12 REUTERS Bangkok NEXT month, the last batch of televisions will roll off the production line at LG Electronics’ plant In Thailand’s Rayong province, just east of Bangkok. The company said on Tuesday that it’s moving production 1,500 kilometres north-east to the Vietnamese
      REUTERS  -  623 words
    • 561 12 BLOOMBERG San Francisco YAHOO! Inc is shutting down its office in China, a move that will eliminate 200 to 300 jobs, according to a person with knowledge of the matter. The Web portal, which has been consolidating offices and
      BLOOMBERG; PHOTO: BLOOMBERG  -  561 words
  • Page 12 Advertisements
    • 71 12 \Ar:chi MWs ACADEMY 2015 Calling business owners! We have the Guaranteed Targeted Crowd of parents with young children for you! Proven Quality visitors with a keen interest in their child's growth and well-being!! JOIN US AT SUNTEC SINGAPORE! m -rCall us to enquire how we can help you reach your
      71 words
    • 48 12 OPTIMISING THE WORK ENVIRONMENT R r r ASIA 2015 29-31 JULY 2015 Marina Bay Sands Expo Convention Centre, Singapore www.OfficExpoAsia.com The Next-Generation Workscape I Workspace Design Planning Interested to exhibit? Tel: (65) 6848 5938 Email: OEA@bizlink.com.sg Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF Sfh QofficExpoAsia
      48 words
    • 30 12 FAST BOWLERS’ WORLD CUP COMMUNITY MATTERS New monthly column on Indian community issues GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL SHAN (*****861) KALWANT (*****327) NISHAL (*****438)
      30 words
    • 17 12 www.omy.sg SCAN B WATCH NOW BBSS 0E mvt o HJ1* more @yzone.omy.sg r^n •r i' s if
      17 words

  • CONSUMER
    • 448 13 Indonesian conglomerate also plans to launch chat and other online services early next year REUTERS Jakarta INDONESIAN conglomerate Lippo Group plans to launch payment, chat and other online services early next year as it continues expanding in the nascent e-commerce industry of the
      REUTERS  -  448 words
    • 399 13 Layoffs are part of global restructuring that will cost over 200b yen; firm expects to post 3rd annual loss in 4 years REUTERS Tokyo JAPAN’S loss-making electronics firm Sharp Corp plans to cut around 6,000 jobs, over 10 per cent of its workforce,
      REUTERS  -  399 words
    • 369 13 It plans to expand mobile order, pay services across US REUTERS Seattle STARBUCKS Corp will begin offering delivery in New York City and Seattle later this year, when it also plans to expand mobile order and pay services across the United
      REUTERS; PHOTO: REUTERS  -  369 words
    • 411 13 REUTERS Los Angeles DISCOVERY Channel founder John Hendricks on Wednesday launched a subscription streaming service for fans of science, technology and history, with the goal of dominating the non-fiction category in on-demand, online video. Mr Hendricks said that the ad-free service CuriosityStream
      REUTERS; PHOTO: REUTERS  -  411 words
  • Page 13 Advertisements
    • 108 13 What’s Peeking AquaMarine Dine at Aquamarine and catch the brand new mermaid mascot, as you relish in the halalcertified buffet selections resplendent with fresh seafood, as well as Asian and International favourites. In addition, AquaMarine presents a newly renovated dining area Terrace@AquaMarine, with private dining space and two new Chef’s
      108 words
    • 16 13 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices
      16 words

  • REAL ESTATE
    • 751 14  -  This will be part of the 17b euro combined global AUM from merged entity By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore CORDEA Savills’ proposed acquisition of SEB Asset Management AG (SEBAM) will create an Asia-Pacific real estate investment
      FILE PHOTOS  -  751 words
    • 969 14 BLOOMBERG New Delhi IN the shadow of a Formula One racetrack outside New Delhi, a village of farmers who helped vote Indian Prime Minister Narendra Modi into power now fear that he is going to take their land. Mr Modi is one step
      BLOOMBERG; PHOTO: BLOOMBERG  -  969 words
    • 602 16 Retailers clamouring for access to the square’s tourist traffic have been driving rents higher WP New York TOYS “R” Us, the world’s largest toy chain, plans to leave its flagship store in New York’s Times Square early next year as
      WP; PHOTO: BLOOMBERG  -  602 words
  • Page 14 Advertisements
    • 1542 14 The Business Times NOTICES MSYA Moya Holdings Asia Limited (Incorporated in the Republic of Singapore) (Company Registration No.: *****1085G) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an extraordinary general meeting (“EGM”) of Moya Holdings Asia Limited (the “Company") will be held on 4 April 2015 at 11
      1,542 words
    • 365 14 In the Matter of THE COMPANIES ACT (CHAPTER 50) AND In the Matter of ICHIGAYA (AMT) PTE. LTD. (Co. Reg. No.: *****2248G) (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to section 308 of the Companies Act, Cap 50, the final meeting of the
      365 words

  • Page 15 Advertisements
    • 216 15 AMBER SKYE OWN YOUR PIECE OF THE SKY INDULGE IN A LUXURY HOME WITH PREMIUM FINISHING fM, V\v«l i US TYPE Cl 3 Bedroom 124 sq. m. (1,335 sq. ft.) w r A FREEHOLD PROPERTY WITH A TIMELESS DESIGN IS WORTH INVESTING ANYTIME. Live the high life at Amber Skye.
      216 words

  • Page 16 Advertisements
    • 1145 16 www.realstarpremier.com REALSTAR GALLERY An exclusive collection of luxury homes Showroom ready in April 2015 186 Bukit Timah Road Lic. No. L*****63G NORTH DISTRICTSEASTDISTRICTSCENTRALDISTRICTS D10 Holland $1300 psf 2 Sty Elevated GCB Approx. *****/***** sqft 5+1, Pool, Lush greenery R*****1G Rena 9109 4480 D10 Holland Charm! 2 Sty Unique GCB Approx.
      1,145 words

  • VEHICLES & LIFESTYLE
    • 1160 17  -  By Justin Moyer WP N EVER had so much depended on a tube of Blistex. In Reykjavik for the Iceland Airwaves music festival, I prowled the Viking nation’s capital for two days last month, dipping in and out of venues to see bands much
      WP  -  1,160 words
  • Page 17 Advertisements
    • 288 17 AUDI FOR SALE AUDI A4 06/2012 Attraction TFSI. Best Deal in Town. Flexible Loan. High Trade In. Low Interest Rate. Fast Selling.Tel: *****509 *****576 Classic Credit HYUNDAI FOR SALE SANTE FE 1 Owner 01/12 Santa Fe 2.4A 7-Seater. Sunroof. Low Km Accident Free. Agt Svc. $108.8k. Call *****418 LEXUS FOR
      288 words

  • GOVERNMENT & ECONOMY
    • 691 18  -  He also warns about significant global risks, particularly pressures in volatile financial markets By Anthony Rowley btworld@sph.com.sg Tokyo CONVERGENCE of Asean economies will bring opportunities for raising growth and productivity in South-east Asia but it will also entail increased risk
      691 words
    • 623 18 REUTERS Mumbai CHASTENED by a tumble in the rupee in 2013 at the prospect of tighter US monetary policy, India has built up record foreign exchange reserves of nearly US$340 billion to insulate the economy from capital flight as
      REUTERS  -  623 words
    • 177 18 REUTERS Zurich SWITZERLAND and the European Union on Thursday clinched a deal to automatically exchange tax data on citizens from 2018, ending years of fighting over how to track down the hidden wealth of cross-border tax cheats. Switzerland is the
      REUTERS  -  177 words
    • 587 19 Payment Systems Regulator pushes for improved access to payment system; will mull more fundamental changes REUTERS London BRITAIN’S newest and most powerful financial regulator has pledged to introduce “meaningful” change this year to help new banks steal market share from
      REUTERS  -  587 words
    • 605 19 BLOOMBERG Tokyo FOREIGN investors are taking advantage of attractive swap rates to load up on Japanese government bonds (JGBs), adding three times more than local insurers. Overseas investors held a record 45.4 trillion yen (S$520.6 billion) in JGBs, excluding bills, on Dec
      BLOOMBERG; PHOTO: BLOOMBERG  -  605 words
    • 216 19 AFP Berlin CHINESE Deputy Finance Minister Shi Yaobin has told the German press that his country would welcome a US role in a Beijing-backed multinational lender, hours after state media described Washington as “petulant and cynical”. “We would welcome the United States into
      AFP  -  216 words
  • Page 18 Advertisements
    • 357 18 STProperty EVE CITS STPROPERTY SEMINAR: Strategies to Capitalise on Opportunities and Avoid Pitfalls in the Property Market 2015 Date: Saturday Sunday 18- 19 April 2015 Venue: SUNTEC Singapore Convention Exhibition Centre Level 3 Rooms 300-304 308-312 Time: 11.00am to 4.00pm Registration starts at 10.30am All prices are inclusive of GST
      357 words

  • Page 19 Advertisements
    • 2078 19 CACOLA FURNITURE INTERNATIONAL LIMITED (Incorporated in the Cayman Islands) (Company Registration No.: *****2) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of CACOLA FURNITURE INTERNATIONAL LIMITED (the “Company”) will be held at Hotel Re!@Pearl’s Hill, Re!Tune Re!Call, 175A Chin Swee Road, Singapore *****9 on
      2,078 words

  • OPINION
    • 578 20 EDITORIAL THE US Ambassador to Asean, Nina Hachigian, recently expressed scepticism about the end-2015 deadline for the group to form a single market for goods and services. She said even 2020 would be “ambitious”, joining the host of
      578 words
    • 712 20  -  The problem is not shareholder capitalism. It is the hangover from the financial crisis and Great Recession. THE BOTTOM LINE By Robert J Samuelson THE WASHINGTON POST WRITERS GROUP THE latest rap against big corporations is that they are returning too much money to shareholders through
      THE WASHINGTON POST WRITERS GROUP  -  712 words
    • 1124 20  -  Otherwise, unity govt supporters say, a narrow Likud-led bloc will probably not survive a few months By Leon Hadar THE headlines in the major newspapers initially reported that Tuesday’s parliamentary elections in Israel ended with a deadlock or “may be too close to
      PHOTO: REUTERS  -  1,124 words
    • 883 21  -  COMMENTARY By Joachim Jake Layes T The writer is global head of sustainability and cleantech, Asia Pacific, at Autodesk, a leading multinational corporation in 3D design software ONCE hyped, then denounced, and today a renaissance. Cleantech as a term describing clean
      883 words
    • 314 21  -  LETTERS TO THE EDITOR Nooraini Hamzah Director, REACH Ministry of Communications and information WE refer to your commentary “Post-Budget poll: a REACH too low?” (BT, March 18). The poll, which was conducted soon after the Budget speech, was meant to give a
      314 words
    • 528 21  -  Lawrence Wong Head of listings Singapore Exchange THANK you for your editorial on “The Catalist conundrum which shows no sign of getting resolved” (BT, March 18). Catalist was launched in 2008 to help entrepreneurs raise funds for their growth companies
      528 words
    • 747 21 But there is a danger in companies cutting too deep, say industry recruiters.BY ANDREW TOPF THIS time a year ago, the oil industry’s biggest problem was finding a way to deal with the “retirement tsunami” about to crash down on
      PHOTO: AFP  -  747 words


  • TRANSPORT
    • 674 22 The carrier still sees a net benefit if oil prices drop and it’s protected if they should rise again steeply BLOOMBERG Hong Kong CATHAY Pacific Airways Ltd lost HK$911 million (S$162.6 million) from fuel hedges last year. It has also
      BLOOMBERG; PHOTO: BLOOMBERG  -  674 words
    • 782 22 BLOOMBERG Atlanta THE biggest US airlines, sparring with three Persian Gulf carriers over flights into the country, have asked the Obama administration to consider new limits on that service, Delta Air Lines’ chief executive officer said. US regulators could bar the
      BLOOMBERG; PHOTO: BLOOMBERG  -  782 words
    • 733 22 BLOOMBERG New York FOR the past several years, China’s central government has been building World Consumer Rights Day into something of a national holiday. Every year, the country’s leaders focus the state-controlled media on consumer rip-offs and corruption alike, lambasting major firms and investigating
      BLOOMBERG  -  733 words
    • 725 22 BLOOMBERG Southfield, Michigan A FEW years ago, it would have been unthinkable that General Motors Co (GM) would all but pull out of a major car market, especially if rival Ford Motor Co vowed to stay
      BLOOMBERG  -  725 words
    • 323 22 REUTERS Seoul SOUTH Korea’s Ssangyong Motor said that it has suspended vehicle shipments to major export market Russia since January, the latest global carmaker to see demand hit by the plunging rouble and a prolonged economic slump. South Korea’s fourth-largest carmaker,
      REUTERS  -  323 words

  • 1945 23 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
    1,945 words
  • Page 23 Advertisements
    • 106 23 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES Make A Splash In The Maritime World Via s|£iJhiaritime.coM Ahoy there! If you are in a business pertaining to any sector of
      106 words

  • BT Lifestyle
    • 1488 24  -  Each edition of Art Basel Hong Kong sees the fair and the city expanding their reach and influence in the art world.BY world.BY HELMI YUSOF helmi@sph.com.sg @HelmiBT IT’S a sign of the times when Julian Opie starts painting Asian faces; the 56-year-old British artist
      PHOTOS: HELMI YUSOF  -  1,488 words
    • 391 24  -  By Helmi Yusof ADELINE Ooi has a funny story to tell. Two decades ago, she went to London after gaining a place to study economics at the prestigious London School of Economics (LSE). After setting herself up there, she secretly applied to study art history
      PHOTO: ART BASEL  -  391 words
    • COVER STORY/CINEMA
      • 297 25  -  Several large-scale works, especially those at ABHK’s Encounters sector curated by Alexie Glass-Cantor, impressed.BY impressed.BY HELMI YUSOF Singapore’s Zai Kuning’s nine-metre-long boat (above) pays homage to the Orang Laut (Sea Gypsies), a diminishing minority of Malays who live off the sea and practise
        PHOTOS: HELMI YUSOF  -  297 words
      • 631 25  -  FILM By Geoffrey Eu THE Second Best Exotic Marigold Hotel, otherwise known as 50 Shades of Grey Hair, features an all-star ensemble of distinguished British actors taking a break from Shakespeare, Stoppard and Shaw to indulge in some cinematic horsing-around by
        631 words
      • 534 25  -  By Geoffrey Eu IT must have seemed like a good idea at the time but given the outcome, both the makers of Kidnapping Freddy Heineken and the criminals that this true-crime movie portrays would probably have chosen to do something different like go fishing or
        534 words
    • CITY LIFE
      • 910 26  -  ‘Floating’ entails bobbing in a pod of salted water in the dark for over an hour, so that sensory deprivation triggers a ‘meditative state’. BY RACHEL LOI rachloi@sph.com.sg @RachelLoiBT IMAGINE lying in a pod of saltwater it’s pitch dark so you can’t
        910 words
      • BT writers’ picks of what to see, do or talk about CITY BUZZ
        • 295 26  -  By Rachel Loi FOOD NOX Dine in the Dark 269 Beach Road, Singapore *****6 Mon to Fri, 6pm till late Sat, 5pm till late Sun, 5pm to 11pm Call 6298 0708 for reservations www.noxdineinthedark.com YOU may not have seen, but you would have heard of NOX Singapore’s only
          295 words
        • Article, Illustration
          163 26  -  By Dylan Tan stillsunrise’s EP launch UPCOMING indie folk pop band stillsunrise has just recorded its debut EP, Colours in Black, and will be launching it on Saturday at the Esplanade Theatre Studio. Comprising Winston Koh, Yuresh Balakrishnan, Glen Wee and Johnson Cheung, the acoustic quartet has been playing
          163 words
        • Article, Illustration
          154 26  -  By Tay Suan Chiang Design Trails 2015 REGARDLESS of whether you are a design buff or just a curious citizen, here’s a chance to check out some cool places around Singapore. Design Trails 2015 will take participants on a tour to learn how design has enabled some of Singapore’s
          154 words
        • Article, Illustration
          223 26  -  By Helmi Yusof Artists imagine A Nation: SG50 CHEONG Soo Pieng, Chua Mia Tee, Tang Da Wu and other giants of Singapore art are featured in LaSalle’s Institute of Contemporary Arts Singapore (ICAS) exhibition titled Artists Imagine A Nation: SG50. Curated by its director Bala Starr, it features a
          223 words
        • Article, Illustration
          201 26  -  By Cheah Ui-Hoon (PURPLE): Women of Mankind One East Asia 15 Scotts Road #05-08/09 Thong Teck Building Tel: (65) 6737 1819 www. oneeastasia. org GROUP shows give a taste of a range of styles, and are worth a visit especially when the artists are known to produce high-quality work.
          201 words
    • PURSUITS
      • 773 27  -  Local film buffs are spoilt for choice with a diverse selection of edgy works premiering at two festivals. FILM BY DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT CINEPHILES have it good with the Singapore International Film Festival recently staging a strong comeback, and other similar events
        773 words
      • 492 27  -  CONCERTS By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT TWO home-grown orchestras will soon pay tribute to a pair of class acts. The Braddell Heights Symphony Orchestra (BHSO) will honour pioneering Singapore composer Leong Yoon Pin with a performance of his lost classic next month; the
        492 words
      • 636 27  -  ARTS By Cheah Ui-Hoon uihoon@sph.com.sg JUST how much history does one remember? Especially ancient Singapore history, when it was Temasek, and part of the Indo-Malay world before and during British colonisation? Probably not a lot maybe a couple of names here and there like, say,
        636 words
      • 358 27  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT POOR Rufus Wainwright; music critics seem to love him more than the record-buying public and commercial success has always found a way to elude him. But he acknowledges his cult status with a sense of irony, playing 22 of
        358 words
    • WINE
      • 1149 28  -  Chateau Lafleur 2001 will need another 4 to 5 years to be at its best, but one needn’t wait that long. BY NK YONG ASK any Bordeaux wine lover which are the best (and naturally, the most expensive) Pomerols and almost instantly, the
        PHOTOS: NK YONG  -  1,149 words
  • Page 24 Advertisements



  • Page 27 Advertisements
    • 102 27 EFG AND SHOWTIME PRODUCTIONS PROUDLY PRESENT X V s LJ AND THE JASMINE CJd,EN JEREMY MONTEIRO SHANGHAIkJAZZT’ROJpQT Come enjoy amfcymking»of music from old Shanghai and otherwi I jazz tavo rites in Mandarin and English. ith Julian Chan (Saxophone), Lao Ren (Special Guest Bassist) Tamagoh (Drums) TICKETS: ADULT $48 $35 SENIOR
      102 words

  • Page 28 Advertisements
  • Page 28 Miscellaneous
    • 289 28 CRYPTIC CROSSWORD Across 5 Straighten out Charlie, humorist at university (5,2) 7 Article about bishop assigned to a Scottish island (5) 9 Lets off steam following English results (6) 10 Heading for blue reptile heard in snowstorm (8) 11 Houses decent couples (10) 13 Pressure in eliminating round (4) 14
      289 words