The Business Times, 30 March 2015

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Microfilm: NL33431
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES S$1.00 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 Monday, March 30, 2015
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  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 3,450.10 +37.66 KL COMP 1,813.37 +9.72 NIKKEI 225 19,285.63 -274.59 HANG SENG 24,486.20 +110.96 SHENZHEN B 1,149.59 +13.40 Dow 17,712.66 -414.99
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  • Article, Illustration
    Lock icon The skies cried for Mr Lee on his final journey
    1165 1  -  More than 100,000 Singaporeans wait in the driving rain to bid the country’s first prime minister goodbye By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore DESPITE the torrential rain and claps of thunder, few in the crowd budged. Some had waited overnight,
    PHOTO: ALPHONSUS CHERN/THE STRAITS TIMES; PHOTO: AZIZ HUSSIN/THE STRAITS TIMES  -  1,165 words
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      Lock icon Page 1 Advertisements Column 1
      46 1 *****4 MONDAY MULTIPLE CHANGI AIRPORT How IT helps airport to be smart and swift CIO SPEAKS 15 WALL STREET INSIGHT Another jerky road to nowhere for US market Lessons from behavioural finance TOPLINE Refreshing HSBC Insurance COMPANIES MARKETS 5 COMPANIES MARKETS 5 YOUNG INVESTORS’ FORUM 14
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  • LEE KUAN YEW 1923 – 2015
    • Article, Illustration
      Lock icon He was ‘a good man, a good husband, and a good father and grandfather’
      1388 2  -  Mr Lee’s younger son lauds his father, thanks S’poreans on family’s behalf for their affection in a touching eulogy By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE entire Lee family was “overwhelmed” by the outpouring of grief
      PHOTO: REUTERS  -  1,388 words
    • Article, Illustration
      Lock icon Farewell, Sir
      968 2  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THAT common view of Lee Kuan Yew’s ferocious, unflinching style of leadership was softened through a series of eulogies delivered at Mr Lee’s state funeral on Sunday. In its place was a more deliberative form of decision making, particularly in convincing his
      PHOTO: AFP  -  968 words
    • Article, Illustration
      Lock icon To each, his own way of bidding goodbye
      298 3 World leaders past and present, the Lee family and the nation at large came together on a rainy Sunday afternoon to give Singapore’s founding father Lee Kuan Yew a sombre, dignified send-off befitting a statesman respected for the breadth of his vision,
      PHOTO: LIM SIN THAI/THE STRAITS TIMES; PHOTO: DESMOND FOO/THE STRAITS TIMES; PHOTO: DESMOND LIM/THE STRAITS TIMES; PHOTO: CAROLINE CHIA/THE STRAITS TIMES; PHOTO: AFP; PHOTO: LIM SIN THAI/THE STRAITS TIMES  -  298 words
    • Article, Illustration
      Lock icon The security officers cared for Mr Lee like he was their own father
      1073 4  -  Wei Ling tells of the loving care they gave her father 24/7 and he looked out for them in turn as well By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore WHEN it came to protecting Singapore’s first prime minister
      PHOTO: KUA CHEE SIONG/THE STRAITS TIMES  -  1,073 words
    • Article, Illustration
      Lock icon Business leaders say LKY’s legacy will live on
      1115 4  -  Suggestions to preserve his legacy include renaming airport, bursaries for every university course of study By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore WITH Singapore’s founding father Lee Kuan Yew laid to rest on Sunday, the minds of business leaders have turned to how
      PHOTO: AFP  -  1,115 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Another jerky road to nowhere for US market
      973 5  -  WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg LAST week, stocks fell slightly and confirmed the 2015 pattern: going nowhere, fast. This week could be another herky-jerky road to nowhere unless March employment data erases the emerging picture of a slowing recovery. Major
      PHOTO: AFP  -  973 words
    • Article, Illustration
      Lock icon Refreshing HSBC Insurance
      1013 5  -  Strong growth is possible despite the insurer discontinuing its agency distribution channel, says its Singapore chief. BY CLAIRE HUANG TOPLINE BY CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT HSBC Insurance Singapore seems to have pressed the pause button on its retreat from the different businesses and is now trying to
      PHOTO: YEN MENG JIIN  -  1,013 words
    • Article, Illustration
      Lock icon The crucial task of succession planning
      840 5  -  Board members must ensure the company’s longevity and sustainability. BY RAMLEE BUANG T The writer is a member of the governing council of the Singapore institute of Directors WHENEVER the topic of sustainability is brought up, most executives think of the environment and the
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    • Article, Illustration
      Lock icon STI / Catalist
      64 6 STI Catalist WEEKLY Straits Times Index March 27,2015 3,450.10 +37.66 (+1.10%) Current streak 4 days Week high 3,450.10 Week low 3,410.13 52-week high 3,450.10 (Mar 27, 2015) 52-week low 3,167.73 (Oct 17, 2014) FTSE ST Catalist index March 27,2015 699.28 +33.04 (+4.96%) Current streak 4 days Week high 699.28 Week
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    • Article, Illustration
      Lock icon Questions for investors to ponder
      666 6  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT TRADING on Monday, the penultimate day of the first quarter, promises to be interesting because several questions can be asked. One is that if the Straits Times Index (STI) artificially rose towards the end of last week largely through
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 6 STI MSCI EAFE WEEKLY MSCI EAFE index March 27,2015 1,869.83 -17.48 (-0.93%) Current streak 3 days Week high 1,900.90 Week low 1,869.83 52-week high 1,993.20 (July 4, 2014) 52-week low 1,729.52 (Jan 9, 2015)
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 6 STI FTSE ST All-Share WEEKLY FTSE ST All-Share Index March 27,2015 826.25 +10.51 (+1.29%) Current streak 7 days Week high 826.25 Week low 816.09 52-week high 826.25 (Mar 27, 2015) 52-week low 766.44 (OCt 17, 2014)
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    • Article
      Lock icon STI STOCKS
      317 6 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 256 -4 260/251 263 219 5.6 6472.6 CapitaLand 360 +8 363/352 371 279 13.2 2.5 *****.6 CapitaMall Trust 216 +1 220/214 226 188.5 5 7493.1 CityDev 1018 cd +9 1020/1002 1118 915
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    • Article
      Lock icon GAINERS
      74 6 BY CENTS CLOSE UP 52w high/low DBXT iBoxxSvEu US$ ***** 547.1 1.6 *****/***** GLD US$ ***** 352.4 2.3 *****/***** DBXT MSEurope US$ 6009 245.4 3.1 6492/5366 DBXT MSJAP US$ 5111 181.0 2.7 5111/4260 Lyxor Indonesia US$ 9093 174.1 1.4 9636/8507 BY PERCENTAGE CLOSE UP 52w high/low InterraResW*****8 2.1 2000.0
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    • Article
      Lock icon LOSERS
      79 6 BY CENTS CLOSE DOWN 52w high/low DBXT Nifty US$ ***** -877.6 -4.5 *****/***** SPDR DJIA US$ ***** -713.0 -2.9 *****/***** SPDR S&P500 US$ ***** -405.9 -1.4 *****/***** IS S&P500 US$ ***** -303.0 -1.1 *****/***** DBXT Vietam US$ 2430 -150.8 -4.3 3100/2394 BY PERCENTAGE CLOSE DOWN 52w high/low ChinaSing Inv
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    • Article
      Lock icon UNUSUAL ACTIVITY
      65 6 VOL CLOSE($) CHANGE ChinaSing Inv^ 0.010 Charisma Energy 40,201.1 0.020 -0.003 -13.04 Fuji Offset 0.550 Mirach Energy 57,927.9 0.059 Kitchen Culture 0.290 China Oilfield^ 0.005 Vallianz 36,870.4 0.051 -0.003 -5.56 Blumont 14,087.7 0.011 -0.001 -8.33 HuanHsin^ 2,173.3 0.119 +0.019 +19.00 China Haida 0.015 Shows the stocks with the
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 4 3 0 0 0 9 4 3 Manufacturing 97 51 22 21 6 12 118 57 34 Commerce 43 17 12 14 5 1 57 22 13 Tpt/Stor/Comms 24 12 5
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    • Article
      Lock icon MOST ACTIVE
      35 6 VOLUME SIIC Environment 290,447,500 IHC 254,286,000 Noble 196,455,000 Vallianz 187,450,400 Mirach Energy 173,277,900 Market volume 7,460,585,000 VALUE Singtel 430,176,703 DBS Grp 387,473,406 UOB 349,193,951 Keppel Corp 202,859,231 OCBC Bank 197,418,279 Market value 5,317,169,000
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    • Article
      Lock icon SGX ETFs
      112 6 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 345 +3 8472 345/340 349/318 344/345 IS MS India US$ US757 -33 785 798/757 1000/605 757/762 94.6 UETF SSE50China 253 -2 479 260/250 260/140 252/255 79.1 Nikko AM STI ETF 350 +2 272 350/346
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    • Article
      Lock icon COMPANY MEETINGS
      119 6 COMPANY MEETING PLACE DATE TIME Asti Hldgs E 25 Kallang Ave #06-01 Kallang Basin Ind Estate 30-Mar 2.00pm Compact Metal Ind E 120 Pioneer Road 31-Mar 10.30am Global Preimum Hotels A 168 Changi Rd #05-01 Attic Level Fragrance Building 31-Mar 9.00am Osim Intl A 65 Ubi Avenue OSIM
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Mar 27 VALUE CLOSE BT OB/OS 25.00 +91.00 BT CADI -*****.00 +113.00 BT 10-day MA -*****.00 +3.00 FTSE ST Mid Cap 783.36 +1.39 FTSE ST Small Cap 486.19 +2.28 FTSE ST All Share 826.25 +3.93 FTSE ST China Top 195.23 +1.44 FTSE ST China 234.78 +1.71 FTSE
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    • Article
      Lock icon Oil prices rise sharply on Yemen unrest
      860 6 COMMODITIES AFP London WORLD oil prices rose sharply last week as Saudi Arabian jets struck rebel targets in Yemen, sparking fresh supply fears in the crude-rich Middle East. Many commodities were also buoyed as weak US data sent the US dollar sliding, denting
      AFP  -  860 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 94,198 94,198 349,485 349,485 Manufacturing 900,631 241,267 1,141,898 427,446 20,520 447,966 Commerce 435,481 295,505 730,986 334,784 11,510 346,294 Tpt/Stor/Comms 530,678 866 531,544 864,713 70 864,783 Finance 108,987 800 109,787 1,050,228 177 1,050,405 Construction 189,468 133,338
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    • Article
      Lock icon Greenback heading for 9th month of gains
      491 7 CURRENCIES BLOOMBERG New York CALL it a reality check. After the Federal Reserve tempered market expectations for a mid-year interest rate increase two weeks ago, sending the US dollar to its biggest weekly decline since 2011, traders refocused on the bigger picture: the
      BLOOMBERG  -  491 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 7 Mar 27 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.975 4.842 0.720 6.043 48.795 101.861 0.930 8.607 2.867 1.031 79.373 34.891 1.069 9.355 0.755 24.363 25.407 0.526 0.779 Canada 1.025 4.965
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      • Article, Illustration
        Lock icon HANG SENG
        3 7 WEEKLY
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      • Article, Illustration
        Lock icon NIKKEI
        2 7 WEEKLY
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        3 7 COMPOSITEWEEKLY
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      • Article, Illustration
        Lock icon DOW JONES
        3 7 WEEKLY
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 7 Mar 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0686 1.0689 0.7793 0.7794 Canadian dollar 1.0956 1.0961 0.7992 0.7990 Euro 1.4839 1.4845 1.0822 1.0825 NZ dollar 1.0361 1.0366 0.7556 0.7559 Sterling pound 2.0310 2.0315 1.4812 1.4813
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 7 Mar 27 S$ Bid Offer 1-month 1.3721 1.3726 2-months 1.3731 1.3736 3-months 1.3741 1.3748 6-months 1.3770 1.3778 Source: OCBC
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 7 Mar 27 $S Offer Bid 0vernight 0.08 0.03 1-month 0.875 0.75 2-months 0.9375 0.8125 3-months 1.0625 0.9375 Overnight mode: 0.03 US$ 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 7 Mar 27 (S$) 1 mth 0.***** 2 mths 3 mths 1.***** 6 mths 1.***** 9 mths 12 mths 1.***** SWAP Offer rates (S$) 1 mth 0.***** 3 mths 1.***** 6 mths 1.***** Source: Thomson Reuters
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      • Article
        Lock icon GOVERNMENT SECURITIES
        69 7 Mar 27 Mar 27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.2 5-Year N*****0H 1.625 01-Oct-19 99.35 99.50 99.38 10-Year NY*****H 3.000 01-Sep-24 106.51 106.72 106.50 15-Year NY*****E 2.875 01-Jul-29 104.66 104.90 104.70 20-Year NZ*****V 3.375 01-Sep-33 109.54
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        365 7 Mar 27 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.72 *****.03 *****.87 Jun15 *****.00 *****.00 *****.00 *****.00 *****9 *****6 Sep15 *****.00 *****.00 *****.00 *****.00 4 139 MSCI TAIWAN INDEX FUTURES SPOT 353.00 354.02 348.81 Mar15 353.60 353.80 349.30 349.60 *****4 ***** Apr15 353.60
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        208 7 Mar 27 Most active Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****5 17.4 0.7 ***** 0.1 2050 6 Rowsley Ltd W*****3 2.6 0.2 ***** 1 18 19 UOB MB eCW*****1 13.3 1.2 ***** 0.1 2380
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 7 In local curr In S$ In US$ dy yr dy yr dy yr Mar 27 Index Change Change Change Change Change Change World Preliminary 1328.0 0.0 4.1 0.0 5.3 -0.1 1.9 EAFE Preliminary 1089.0 -0.1 10.3 -0.2 8.9 -0.3 5.3 Europe Preliminary 1532.9 0.0 10.9
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 7 Mar-27 Price Net change change Last Trade Agricultural Mar-27 CBOT Soybeans (US cents/bu) 967.25 -7.25 -0.74% 14/05/2015 CBOT Soybean Oil (US cents/lb) 30.60 -0.57 -1.83% 14/05/2015 CBOT Wheat (US cents/bu) 507.75 8.50 1.70% 14/05/2014 Mar-27 LIFFE Cocoa (£/tonne) 1921.00 -19.00 -0.98% 13/05/2015 LIFFE Coffee (US$/tonne) 1763.00 -28.00 -1.56%
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    • Article
      Lock icon Hotel Properties buys 2 London buildings
      277 8  -  HPL’s stake in the investment vehicle BQJ is to be funded through third-party loan financing and internal resources By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore HOTEL Properties Limited (HPL) said on Saturday that its indirect whol-ly-owned subsidiary has acquired a 30 per cent interest in
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    • Article
      Lock icon Buying and selling both fall for a second straight week
      743 8  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia Insider Ltd THE buying fell for the second straight week while the selling among directors fell even lower, based on filings on the Singapore Exchange (SGX) in the
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    • Article
      Lock icon PRIME LENDING RATES
      267 8 Mar 27 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd anz Singapore 5.50 Bank of Communications 5.50 6.00 Bank of China Limited 5.50 Bank of Tokyo-Mitsubishi 5.50 Banque Internationale a 5.75 Barclays Bank PLC 5.50 BNP Paribas Cathay United Bank
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1869 8 Payment Ex Rec Pay Ann (cts) date date date date Adv Integrated Mufg ak 0.230 06-May 08-May 20-May 27-Feb AIMS Property Sec Fd (1 Jan-31 Mar 2015) ag 0.179 27-Mar 31-Mar 19-Jun 24-Mar ARA Asset Mgmt ak 2.700 30-Apr 05-May 19-May 17-Feb Aspial Corp Ltd ca 0.800 08-May
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1580 8 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Industrial REIT 1.50 1.50 2 9.85 14.92 1.66 1.47 Amtek Engineering Ltd 2.00 2.00 2 0.06 7.47 0.84 0.64 ARA Asset Management Limited 1.67
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Government grant to kick-start mega London housing project
      487 10 Scheme will transform Canary Wharf with 607 new affordable homes, office blocks, shops, new parks and public squares XINHUA London A MULTI-MILLION project to build 3,500 homes in the heart of London is to start within months following the award of a
      XINHUA; PHOTO: BLOOMBERG  -  487 words
    • Article
      Lock icon China aims to embrace green construction on a local level
      476 10 XINHUA Beijing GREEN construction has been widely recognised in China as an important step towards energy efficiency amid efforts to fight pollution, but the concept does not always translate to the Chinese market. The concept of “green construction” was first
      XINHUA  -  476 words
    • Article
      Lock icon Airbnb goes mainstream with Rio Olympic contract
      410 10 REUTERS Rio De Janeiro WITH an official contract to provide rooms for the 2016 Olympic Games in Rio de Janeiro, online home-rental marketplace Airbnb Inc is creating a model to solve accommodation problems at mega-events, co-founder Joe Gebbia said. The company, one of
      REUTERS  -  410 words
    • Article, Illustration
      Lock icon As US economy rises, so do dream homes
      1442 11 Luxury building is again booming in the traditionally high-end parts of the country, say architects and designers NYT New York SCOTT Seltzer’s beach house in Sagaponack, New York, would have been finished in half the time, if not for the screening room.
      NYT; PHOTO: NYT  -  1,442 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      180 10 r > v*. <0 1 A I Si Chuan Dou Hua Restaurant The Business Chapter Weaving Networks More than just enticing food and elegant ambience, business dining is about the art of strategic conversation. At Si Chuan Dou Hua, you can leave it to our skilled chefs to woo the
      180 words
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  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      27 11 Paya Ubi Industrial Park SALE $350psf ONWARDS 5,000 to 7,500 sq ft Own parking space (not inclusive in listed area) Tel:9090 2222 53 Ubi Avenue 1 #01-11
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    • Advertisement
      Lock icon Page 11 Advertisements Column 2
      319 11 STRONGER TOGETHER. Today’s interconnected world means that investors require a global investment capability. That’s why we’ve joined forces as Columbia Threadneedle Investments so you can benefit from global investment perspectives which harness the resources, experience and scale of one of the world’s largest asset management groups. Together we are 2,000
      319 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon HONOURING LEE KUAN YEW
      6185 12 THIS WEEK’S TOPIC How can Singapore best honour the spirit of founding Prime Minister Lee Kuan Yew? Yeoh Oon Jin Executive chairman PwC Singapore WE WON’T see another man like him. The moving tributes by world leaders, and heart-warming stories by those touched by him confirmed
      PHOTO: THE STRAITS TIMES  -  6,185 words
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon Lessons from behavioural finance
      1734 14  -  The study of cognitive and emotional biases can help you become a better investor MONDAY MULTIPLE By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT ‘I’M waiting for a crash before I buy,” people like to say. But when a drop in prices actually happens, they say: “It could go
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    • Article, Illustration
      Lock icon ‘I made a lot of textbook mistakes’
      958 14  -  Student Ronald Sim made some classic errors when he started investing, like selling in a panic or buying on a tip STARTING YOUNG By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT FINAL-YEAR Singapore Management University (SMU) student Ronald Sim, a business and finance major, laughs when
      PHOTO: YEN MENG JIIN  -  958 words
  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      113 14 GET STARTED NOW Be a young investor Do you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      113 words
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  • CIO SPEAKS
    • Article, Illustration
      Lock icon How IT helps Changi Airport to be smart, sweet and swift
      1954 15  -  Technology is a key enabler for many of the productivity improvements that the airport has undertaken to stay efficient. BY AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT AS the world’s sixth biggest and most award-winning airport in the world, Changi Airport
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  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      97 15 What’s the world making today? Technology now allows us to create value in new ways transforming industries, professions and society. The evidence is everywhere, even right here in Singapore. DBS Bank is creating custom-made investment solutions with IBM Watson. And the National Environment Agency is fighting dengue with predictive analytics.
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Fed focuses on shadow banking as it gauges financial risk
      921 16 Tighter regulation of banks is prompting more borrowers to seek funding through US$25t shadow banking system WP Washington FEDERAL Reserve officials, fresh from the latest round of tests designed to ensure the safety of the biggest banks, are now peering
      WP; PHOTO: REUTERS  -  921 words
    • Article
      Lock icon Weak capital ties Italian banks to bad debts
      410 16 REUTERS Milan ITALIAN banks are struggling to sell billions of euros of bad debts, making it hard for them to support new lending and help the country leave behind a three-year recession. The bad debts, piled up during the worst economic slump
      REUTERS  -  410 words
  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      2748 16 THE BUSINESS TIMES Ik 1 S 1 Toll free 1800-289-8822 I fl I I Email notices@sph.com.sg J I V i I www.sphclass.com.sg/notices STATS ChipPAC Ltd. (Incorporated in the Republic of Singapore) Company Registration No. *****7932D NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of
      2,748 words
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      19 16 Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Cocoa players’ mergers pose risk to farmers
      414 17 They reduce farmers’ bargaining power, threaten sector’s future by lowering incomes, say growers REUTERS Abidjan A SPATE of corporate mergers between major cocoa and chocolate players could reduce farmers’ choices and bargaining power, lowering incomes to levels that could threaten the sector’s future,
      REUTERS  -  414 words
    • Article, Illustration
      Lock icon Vietnam’s rice policy taking a toll on farmers
      669 17 AFP Can Tho, Vietnam VIETNAM’S drive to become one of the world’s leading rice exporters is pushing farmers in the fertile delta region to the brink, with mounting costs to the environment, say some scientists. The communist country is already the world’s
      AFP; PHOTO: AFP  -  669 words
  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      295 17 N 5 STAR AIRLINE' 5KYTRAX vVr, *y .V 7f f. > tv* ,tV- v. V. •r 3 N> •> f V i. > v A/'«' 4, r .>^1 V -**>;«• r i m j i r» Tb p. Feel the tranquillity, the essence of comfort in our fully flat reclining
      295 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon VMware’s solution looks to solve cloud headache
      609 18  -  Its unified platform enables customers to create a consistent environment so that businesses are no longer confined by integration and compatibility issues By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore IN AN “on-demand” world where a company’s value increasingly hinges on data and intellectual
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    • Article
      Lock icon New streaming apps could boost citizen journalism
      733 19 Easily used tools such as Meerkat and Periscope deliver live video through Twitter to anyone online, changing the way people get news AFP Washington WHEN three buildings collapsed and ignited a blaze in New York on Thursday, a smartphone app brought the live
      AFP  -  733 words
    • Article, Illustration
      Lock icon Silicon Valley set to face more gender bias suits despite Pao loss
      860 19 BLOOMBERG Detroit KLEINER Perkins Caufield Byers’ decisive victory over Ellen Pao’s gender bias suit doesn’t mean Silicon Valley giants are off the hook. More lawsuits alleging gender discrimination, sexual harassment and retaliation are already in the pipeline. Cases
      BLOOMBERG; PHOTO: AFP  -  860 words
    • Article
      Lock icon Spotify in talks to add podcasts: sources
      425 19 BLOOMBERG Los Angeles SPOTIFY Ltd has held talks with potential content partners to add podcasts to its music-streaming service, challenging Apple Inc in a business it dominates, according to people briefed on the matter. Spotify, which hosts some pod-cast-like audio such as Spanish
      BLOOMBERG  -  425 words
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      3184 18 The Business Times Ik I 1 I /"I I 1 Toll free 1800-289-8822 I I I Email notices ffsph.com.sg J J j L J www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF SPRINGLEAF TWO (FLR 15) PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (COMPANY
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      379 18 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF WILL’S FOOD MANAGEMENT PTE. LTD. Co Reg No: *****6730E (Incorporated in Singapore) (In Members’ Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act Chapter 50, the
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      179 19 Wine, Dine Hospitality Highlights .y A Magical Easter Sunday 5 April 2015 Enjoy a Magical Easter Extravaganza at Conrad Centennial Singapore as you and your children rejoice this Easter Sunday with delectable treats and lots of fun in our annual Easter Egg Hunt*, bouncy castle and eggs painting! Oscar's Easter
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      322 19 8-9 April 2015 Conference Exhibition I ASIA MAX Atria Singapore Expo Exhibition Hours 8-9 April 2015: 10.00am 6.00pm *Admission is restricted to trade professionals only Conference Hours 8 April 2015: 9am 6.30pm 9 April 2015: 9am 5.45pm Visit loT Asia 2015 Conference Exhibition! Learn. Evaluate. Network Internet of Things Asia
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  • CONSUMER
    • Article, Illustration
      Lock icon Dufry to buy Italy’s World Duty Free in deal valued at 3.6b euros
      618 20 Transaction will create world’s biggest travel retailer; Dufry to purchase 50.1% stake in WDF at 10.25 euros per share REUTERS Milan SWITZERLAND’S Dufry has agreed to buy a majority stake in World Duty Free (WDF) in a
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      Lock icon Tycoon Salinas not letting SEC run-in cost him
      599 20 TV Azteca unit selling Peru-backed bonds to fund optical-fibre network in country WP New Mexico AS Mexican billionaire Ricardo Salinas expands his TV empire, he’s making sure his past battles with US regulators don’t cost him. Red Dorsal Finance, a subsidiary of
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      Lock icon Dow Chemical to sell most chlorine assets in US$5b deal
      411 20 REUTERS Midland, Michigan DOW Chemical Co will separate a portion of its centu-ry-old chlorine business and sell it to Olin Corp in a tax-ef-ficient deal worth US$5 billion as part of efforts to shed low-margin assets. The deal will make
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      2056 20 THE BUSINESS TIMES Ik I 1 I f 'I I 1 Toll free 1800-289-8822 I I I Email notices@sph.com. sg I Y i I www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF WINDSOR MANAGEMENT PTE. LTD. UEN/CO REGNO: *****8551K MEMBERS’ VOLUNTARY WINDING UP
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      423 20 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF TRITON WATER (SINGAPORE) PTE LTD (In Creditors’ Voluntary Liquidation) Reg. No. *****5600R NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the
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  • GOVERNMENT & ECONOMY
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      Lock icon Japan now attractive to foreign investors, says Jetro
      829 21  -  Semi-government body says yen depreciation has lowered business costs, boosting inward foreign investment By Anthony Rowley btworld@sph.com.sg Tokyo FACED with rising criticism that the depreciation of the yen has raised import costs and not boosted Japan’s exports as much as hoped, Prime
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      Lock icon China’s Zhou warns on growth slowdown
      579 21 BLOOMBERG Beijing CHINA’S central bank chief said that the nation’s growth rate has tumbled “a bit” too much and that policy makers have scope to respond, underscoring forecasts for further monetary easing in the world’s second-largest economy. “China’s inflation is also declining, so we
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      109 21 T-. ■7 TBS I I SAVED $650 ON CAR INSURANCE AND USED IT TO TREAT MYSELF. Linda, BMW owner v A \T~ You too can spend your money a smarter way. Contact us to find out how much you can save. 6665 5555 DirectAsia.com real stories real savings direct asia
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  • TRANSPORT
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      Lock icon Carnival orders 9 cruise ships from Germany, Italy
      305 22 Firm reports earnings of US$49m for quarter ending Feb 28 compared with loss of US$20m a year ago New York CRUISE giant Carnival, which reported better earnings on lower fuel costs, has ordered nine new cruise ships from shipbuilders in Germany and
      305 words
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      4065 22 The Business Times k T/^TT/^T 1 P Toll free 1800-289-8822 IV 1 I I Email notices@sph.com, sg V. J V. i i L J www.sphclass.com.sg/notices JEP HOLDINGS LTD. Company Registration No. *****1749E (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual
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      51 22 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    1950 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 3/4 4/4 8/4 12/4 NAGATO 1 80 8/4 11/4
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      104 23 Experienced sh/p maintenance services wanted. Can they find your services here in the Shipping Times? the Business Tlvus TO ADVERTISE, CALL JOE WONG AT 9620 1327 Make A Splash In The Maritime World Via s|£iShiaritime.coM Ahoy there! If you are in a business pertaining to any sector of the maritime
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      2613 25 sembcorp SEMBCORP INDUSTRIES LTD Co Regn No. *****2418D (Incorporated in the Republic of Singapore) Notice of Annual General Meeting Notice is hereby given that the Seventeenth Annual General Meeting of Sembcorp Industries Ltd (the "Company") will be held at The Auditorium, One Marina Boulevard, Singapore *****9 on Tuesday, April 21,
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  • LIFE & CULTURE
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      Lock icon US millennials reject their parents’ treasures
      1039 26 They are not interested in the lifestyle trappings or nostalgic memorabilia they were raised with WP Washington A SEISMIC shift of stuff is underway in homes all over America. Members of the generation that once embraced sex, drugs and rock-and-roll are trying to offload
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      Lock icon Vettel wins Malaysian Grand Prix
      507 26 AFP Sepang, Malaysia SEBASTIAN Vettel struggled to control his emotions and his language as he realised a childhood dream by winning for Ferrari at the Malaysian Grand Prix on Sunday. Vettel, who has a reputation for colourful phraseology, emerged stunned and teary from his red
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      Lock icon TAKING HEART
      447 26  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Project Cheer employs multiplier effect OVER 250 beneficiaries from five charities will be taking part in Project Cheer this year. First, the Tan Chin Tuan Foundation will mobilise 80 students from ACJC to run its first Project Cheer with a children’s charity. Later
      447 words
  • Page 26 Miscellaneous
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      354 26 CRYPTIC CROSSWORD Across 1 Doctor’s inquiry about viewing hospital is ignored (6) 4 Some taxicabs or buses are spongy (6) 8 Providing small uncertainties (3) 10 A clever rhyme or note you memorise initially (7) 11 Idiot gets phrase cut short in chat network (7) 12 Type of material one
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  • DINING OUT
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      Lock icon Bold flavours in an east-west menu
      1003 27  -  But the problem with a shared-plates concept is that the resulting ‘buffet effect’ featuring robust flavours can overwhelm the palate. BY JAIME EE BY JAIME EE NEW RESTAURANT Adrift Lobby Level Marina Bay Sands Hotel, Tower 2 10 Bayfront Avenue Tel: 6688-5657/6688-5658 Open for
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      33 27 1 We cover breaking news in energy and commodities. 4 Read the latest stories in full at businesstimes.com.sg/breaking-news BusinessTimes.com.sg BTcfeital Available on the H get it on W AppStore I ►■Googleplay Ihebusinesstimes btbreakingnews
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      276 27 Louis Koay Trainer BigFatPurse Pte Ltd In this Digital Age, investors can get stocks information very easily. The problem now lies with the overload of stocks information. Investors do not know where to start and how to pick with winning stocks with the company information and data. The right financial
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      41 27 REDEFINING IDEAS printpack+sign Singapore's printing, packaging 8k signage business exhibition ftj ii M M > 29-31 JULY2015 Marina Bay Sands, Singapore www.PrintPackSign.com Interested to exhibit? Tel: (65) 6848 5938 Email: PrintPackSign@bizlink.com.sg Organised By; BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF Sf^l
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