The Business Times, 7 March 2016

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Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES S$1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes CO REGN NO *****2868E MCI (P) 039/08/2015 Monday, March 7, 2016
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  • Article, Illustration
    Lock icon DAILY DIGEST
    241 1 US stocks rose last week amid signs that the global commodities bust was closer to an end. But some suspect that the rally could falter if pronouncements from oil producing nations or from the Federal Reserve fail to pay Off. TOP STORIES 2 Local food and beverage company
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  • Article
    Lock icon Overseas push critical for growth
    677 1  -  As trade pacts take shape, companies need to seize new opportunities SINGAPORE’S FUTURE ECONOMY By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore INSTITUTIONAL and policy support will be crucial in helping smaller firms here take on big boys elsewhere, as Singapore digs deeper into the global economy.
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  • Article, Illustration
    Lock icon Africa beckons, as Surbana Jurong eyes 40-60% of revenue from overseas in 3-5 years
    815 1  -  By lynkhoo@sph.com.sg Lynette Khoo lynkhoo@sph.com.sg @LynettekhooBT Singapore SURBANA Jurong Pte Ltd, which secured two major contracts in Africa recently, is drawing up plans for international expansion as it shoots for 40-60 per cent of revenue contribution
    FILE PHOTO  -  815 words
  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 2,837.00 +187.62 KL COMP 1,692.49 +29.05 NIKKEI 225 17,014.78 +826.37 HANG SENG 20,176.70 +812.55 SHENZHEN B 1,117.78 -7.72 DOW 17,006.77 +366.80
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      196 1 *****1 *****1 THE BUSINESS TIMES TUDOR BLACK BAY Self-winding mechanical movement, waterproof to 200 m, steel case 41 mm. Visit tudorwatch.com and explore more. Exclusively available at: Tudor Boutique Swiss Watch Gallery: B1-88/89 The Shoppes at Marina Bay Sands. Tel: 6723 8086 Tudor Boutique Kee Hing Hung: #02-20 People's Park
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      12 1 RESTAURANT REVAMP Goodbye Saint Pierre at Sentosa, hello Jean Dore DINING OUT/27
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      31 1 OUTLOOK 2016 What are the prospects for your business or industry? views from the top/ 14-15 TOP LINE Natixis in a sweet spot amid the oil market rout companies markets 5
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      17 1 BT Explains: Lowering barriers, Page 2 Intra-region trade links in Asean closer than in EU, Page 2
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  • TOP STORIES
    • Article
      Lock icon Intra-region trade links in Asean closer than in EU
      839 2  -  Asean’s latest intra-regional trade intensity index reading was 3.54, compared to the EU’s 2.04 SINGAPORE’S FUTURE ECONOMY By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore TRADE between Asean member states as a proportion of the regional bloc’s total trade value might be low
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    • Article
      Lock icon Stock rally to hinge on oil prices and Fed meeting
      670 2  -  WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg US stocks rose last week amid signs that the global commodities bust was closer to an end. But some suspect the rally could falter if pronouncements from oil producing nations or from the
      670 words
    • Article, Illustration
      Lock icon Lowering barriers
      65 2  -  Explains BY SOON WEILUN Singapore, with its network of 21 bilateral and regional free trade agreements in force with 32 trading partners, now has its eye on more commitments that will involve some of the world’s largest economies. The Business Times looks at three of them. BY SOON
      Source: ASEAN, MTI, Australian Department of Foreign Affairs and Trade; BT Graphics: Hyrie Rahmat  -  65 words
    • Article, Illustration
      Lock icon China will struggle to reach GDP targets till 2020: analysts
      948 3  -  “Downward pressure on the economy is growing,” Premier Li tells Parliament By Virginie Mangin btworld@sph.com.sg Beijing CHINA’S 6.5 per cent annual economic growth target for five years to 2020 will be difficult to achieve unless Beijing trades reform for growth
      PHOTO: AFP  -  948 words
    • Article
      Lock icon Singaporean women desire international mobility at work: PwC survey
      367 3  -  By Grace So graceso@sph.com.sg Singapore SINGAPOREAN women desire international mobility opportunities, but many don’t believe they have equal opportunities to do so compared to men, a PwC survey has found. The survey was launched in conjunction with International Women’s Day on
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    • Article, Illustration
      Lock icon 2016’s first EC launch outperforms recent projects
      664 4  -  It is understood that an estimated 50% of 534 available units at wandervale were sold over the weekend By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THE year’s first executive condominium (EC) launch, Wandervale, saw about half of its 534 available units sold at its
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      167 2 A r v K 1 ‘4 N S-T* S§ ie w Executively Yours Crafted to bring you a seamless, epicurean experience, the Lobby Lounge is delighted to introduce its three course Executive Smart Lunch and Signature Set Dinner. Priced at $28 per person, the Executive Smart Lunch begins with a
      167 words
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      142 3 J X £5* y ’-5 mm r- »$$F -s VT S 320 Fuel consumption: 8.21/100 km; C0 2 emission: 192g/km. Introducing the new Mercedes-Benz S 320. Drive home the S 320 today with an exclusive introductory package. Embodying luxury, the S 320 with 3.0-litre biturbo petrol engine comes standard with
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      65 4 PRESIDENT'S AWARD FOR THE ENVIRONMENT Nominate exceptional individuals educational institutions and organisations that have made an impact towards a sustainable Singapore. Nominations close on 4 April 2016 For more information log on to: www.mewr.gov.sg/presidentsaward The President's Award for the Environment (PAE) is the highest environmental accolade that recognises outstanding contributions
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Natixis in a sweet spot amid the oil market rout
      1352 5  -  Commodity financing houses benefit now from trading opportunity known as contango. TOP LINE contango.BY JAMIE LEE leejamie@sph.com.sg @JamieLeeBT PIN Chua need only point at the view from his office window, to show off the profits that global traders have locked
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    • Article
      Lock icon Sakae Hldgs to acquire majority stake in Chilean seafood trader
      354 5  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore LOCAL food-and-beverage company Sakae Holdings is extending its reach halfway round the world and upstream into South America. The Singapore-listed company will be acquiring a majority stake in a Chilean seafood trading firm for
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    • Article
      Lock icon PRIME LENDING RATES
      239 5 Mar 4 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications 5.50 Bangkok Bank Public Co. Ltd ...6.00 Bank of China Limited Bank of Tokyo-Mitsubishi Bank of Communications Banque Internationale a Bank of East Asia
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    • Article
      Lock icon Buying by directors up, sales flat
      1828 6  -  The week’s surge in purchases was not surprising as more companies released their earnings results. INSIDE MARKETS BY ROBERT HALILI T The writer is managing director, Asia Insider Limited BUYING rose for the third straight week while selling among directors was flat for the
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    • Article, Illustration
      Lock icon STI / Catalist WEEKLY
      63 8 STI Catalist WEEKLY Straits Times Index March 4,2016 2,837.00 +187.62 (+7.08%) Current streak 6 days Week high 2,837.00 Week low 2,666.51 52-week high 3,525.19 (Apr 17, 2015) 52-week low 2,539.95 (Feb 12, 2016) FTSE ST Catalist index March 4,2016 461.35 +20.83 (+4.73%) Current streak 6 days Week high 461.35 Week
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    • Article, Illustration
      Lock icon Short-term positive, but long-term negative?
      624 8  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT LAST week’s column pointed out that China’s influence on global equity sentiment appeared to be waning. Volatility was easing and traders should stick to the Straits Times Index (STI) because although the longer-term economic outlook is not good with
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    • Article
      Lock icon GAINERS
      81 8 BY CENTS CLOSE UP 52w high/low DBXT Nifty50 ETF10 ***** 727.5 4.9 *****/***** Lyxor Indonesia US$ 7993 593.4 5.7 9094/6250 GLD US$ ***** 511.8 3.1 *****/***** DBXT MSUSA US$ 5065 497.9 7.7 5573/4705 SPDR S&P500 US$ ***** 430.1 1.6 *****/***** BY PERCENTAGE CLOSE UP 52w high/low DBS MB eCW*****5
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    • Article
      Lock icon LOSERS
      79 8 BY CENTS CLOSE DOWN 52w high/low Pan Ocean 300 -182.0 -37.8 560/300 DBXT S&P Short US$ 2175 -53.9 -1.8 2393/2086 IS ASIA HYG S$D 1421 -29.0 -2.0 1499/1411 IS ASIA HYG US$ 1012 -18.0 -1.3 1130/977 SIA 1136 -17.0 -1.5 1224/957 BY PERCENTAGE CLOSE DOWN 52w high/low CompactMetal W*****0
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    • Article
      Lock icon UNUSUAL ACTIVITY
      84 8 VOL CLOSE($) CHANGE Soon Lian 40.0 0.100 +0.037 +58.73 M Development 1,948.0 0.003 +0.001 +50.00 Serrano 335.2 0.043 -0.010 -18.87 Chinese Global 55,486.7 0.026 +0.005 +23.81 Europtronic^ 11,223.3 0.004 +0.001 +33.33 Lion Asiapac 15.0 0.290 +0.040 +16.00 Charisma Energy 64,051.7 0.014 +0.002 +16.67 Magnus Energy 41,513.1 0.003 -0.001
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    • Article
      Lock icon STI STOCKS
      313 8 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 244 +4 244/235 271 209 6 6409.2 CapitaLand 317 +23 319/293 379 267 12.7 2.8 *****.4 CapitaMall Trust 217 +1 224/210 228 184.5 5.2 7543 CityDev 760 cd +40 783/709 1095 661
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Mar 4 VALUE CLOSE BT OB/OS 489.00 +65.00 BT CADI -*****.00 +102.00 BT 10-day MA -*****.00 +49.00 FTSE ST Mid Cap 678.88 +10.40 FTSE ST Small Cap 394.96 +3.36 FTSE ST All Share 693.90 +8.77 FTSE ST China Top 161.49 +3.10 FTSE ST China 192.60 +3.50 FTSE
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    • Article
      Lock icon MOST ACTIVE
      36 8 VOLUME Ezra 872,105,100 Noble 554,758,300 Tech Oil Gas 271,072,400 Rex Intl 211,739,600 Vallianz 211,654,700 Market volume 9,964,980,000 VALUE JMH USD 1,858,634,365 DBS Grp 1,043,095,476 OCBC Bank 467,188,733 Singtel 448,956,560 UOB 418,234,153 Market value 9,212,873,000
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    • Article
      Lock icon SGX ETFS Most Active
      107 8 Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 284 +18 4362 285/266 355/254 284/285 IS MS INDIA US$ US635 +44 1091 641/575 827/575 635/638 79.4 IS Asia BND US US1047 +7 372 1047/1036 1096/1010 1031/1048 DBXT CSI300 US$ US795 +44 224 796/720
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    • Article
      Lock icon COMPANY MEETINGS
      118 8 COMPANY MEETING PLACE DATE TIME Del Monte Pacific G Banquet Suit 10F M Hotel 81 Anson Road 08-Mar 10.00am TLV Holdings Ltd E 3 Kaki Bukit Place Eunos Techpark 09-Mar 10.00am AA Group Hldgs E 308 Tanglin Road #01-02 10-Mar 9.00am United Food Hldgs S Empress Ballroom 1
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share WEEKLY
      36 8 STI FTSE ST All-Share WEEKLY FTSE ST All-Share Index March 4,2016 693.90 +37.25 (+5.67%) Current streak 6 days Week high 693.90 Week low 661.79 52-week high 845.85 (Apr 17, 2015) 52-week low 629.34 (Feb 12, 2016)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE WEEKLY
      34 8 STI MSCI EAFE WEEKLY MSCI EAFE Index March 4,2016 1,628.83 +70.75 (+4.54%) Current streak 7 days Week high 1,628.83 Week low 1,558.17 52-week high 1,949.49 (May 15, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 13 3 1 1 0 0 14 3 1 Manufacturing 78 44 26 18 13 7 96 57 33 Commerce 31 21 12 7 5 5 38 26 17 Tpt/Stor/Comms 25 7 7
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 152,344 9,473 161,817 498,600 2,052 500,652 Manufacturing 1,161,781 441,638 1,603,419 736,010 18,755 754,765 Commerce 716,157 473,327 1,189,484 2,385,983 20,856 2,406,839 Tpt/Stor/Comms 1,588,063 7,875 1,595,938 1,115,195 665 1,115,860 Finance 242,434 488 242,922 2,069,298 65 2,069,363 Construction
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    • Article, Illustration
      Lock icon Copper hits highest in nearly four months as US$ falls
      482 8 COMMODITIES REUTERS London COPPER prices climbed to their highest in nearly four months on Friday after US data showed strong jobs growth combined with low wages, lessening the threat of a early interest rate rise. Average hourly earnings fell three
      REUTERS; PHOTO: REUTERS  -  482 words
    • Article, Illustration
      Lock icon Determining interested persons & related parties
      884 9  - Determining interested persons related parties By Gerard Tan T The writer is the treasurer of the Singapore institute of Directors IN the last two articles, we explored the duty of directors to avoid conflicts of interest, how full disclosure and proper actions are necessary to discharge a director’s fiduciary duties,
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1660 9 Payment Ex Rec Pay Ann (cts) date date date date AEM Hldgs Ltd ak 1.000 12-May 16-May 27-May 24-Feb AIMS AMP Cap Ind dq 2.650 04-Feb 10-Feb 23-Mar 28-Jan AIMS AMP Cap Ind ap 0.080 04-Feb 10-Feb 23-Mar 28-Jan AIMS AMP Cap Ind (1 Oct-31 Dec 2015) db
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1262 9 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (times) Accordia Golf Trt 1.00 1.00 1 0.08 7.18 0.85 0.60 AIMS AMP Cap Industrial Reit 1.50 1.50 1 0.11 12.41 1.47 1.36 ARA Asset Mgt 1.50 1.50 1 0.09
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    • Article
      Lock icon Low oil prices put strains on Gulf Arab states’ currency pegs
      483 10 CURRENCIES AFP Kuwait City WEAK oil prices pose a threat to Gulf Arab states’ currency pegs against the dollar, but the energy-rich region is unlikely to abandon the policy yet, analysts say. Bahrain, Oman, Qatar, Saudi Arabia and the
      AFP  -  483 words
    • FOREX RATES
    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        228 10 Most active Mar 4 «M -,u- r..... .-W. 3.5, In! “W I ‘Z-;vIuJ1I--1 ..alu 10 Lu -rm 1»: 1-» v ww Rowsley Ltd wveum 1.3 0.1 ***** 1 18 7 KepC01‘D MB eCV\"H$‘I21?! 1:1 3 5.9 ***** 0.2 680 9 Ntegramr mt: Ltd w1B11'23 u.3 0.1
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 10 In local curr In S$ In US$ dy yr dy yr dy yr Mar 4 Index Change Change Change Change Change Change World Preliminary 1228.8 0.5 -3.8 -0.3 -6.2 0.7 -3.2 EAFE Preliminary 949.8 0.7 -6.3 0.1 -8.0 1.1 -5.1 Europe Preliminary 1344.1 0.9 -4.9
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        395 10 Mar 4 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Mar16 9100.00 9395.00 9072.50 9380.00 *****8 *****3 Apr16 9017.50 9297.50 8987.50 9267.50 2696 2030 NIKKEI 225 INDEX FUTURES Mar16 *****.00 *****.00 *****.00 *****.00 ***** *****1 Jun16 *****.00 *****.00 *****.00 *****.00 7797 ***** MSCI TAIWAN
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 10 Mar 4 $S Offer Bid 0vernight 0.08 0.03 1-month 1.125 1.000 2-months 1.1875 1.0625 3-months 1.2500 1.1250 Overnight mode: 0.50 US$ Offer Bid 7 days 0.45 0.35 1 month 0.48 0.38 2 months 0.65 0.45 3 months 0.75 0.55 6 months 1.00 0.80 9 months 1.20 1.00 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        65 10 Mar 4 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.57 100.65 100.63 5-Year NX*****X 2.250 01-Jun-21 102.37 102.45 102.40 10-Year NX*****Z 2.375 01-Jun-25 101.64 101.80 101.45 15-Year NZ*****F 2.875 01-Sep-30 103.45 103.70 103.25 20-Year NZ*****V 3.375 01-Sep-33 109.99
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 10 Mar-4 Price Net change change Last Trade Agricultural Mar-4 CBOT Soybeans (US cents/bu) 870.50 14.25 1.66% 14/03/2016 CBOT Soybean Oil (US cents/lb) 30.73 0.32 1.05% 14/03/2016 CBOT Wheat (US cents/bu) 454.75 1.50 0.33% 14/03/2016 Mar-4 LIFFE Cocoa (£/tonne) 2216.00 31.00 1.42% 14/03/2016 LIFFE Coffee (US$/tonne) 1363.00 -3.00 -0.22%
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    • Article
      Lock icon SGX MAINBOARD
      2115 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E $mil Last vol Week Div GrYld 153 127 AIMSAMP Cap Reit 136.5 +4 1157 136.5 131 1 8.1 867.3 MCap 175.5 101 ARA Asset Mgmt 115cd +9.5 ***** 117 105.5 1.7
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    • Article
      Lock icon SGX CATALIST
      326 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last Vol Week 4 1.7 t Acesian Partners 3 +0.3 819 3 2.9 4.1 10.5 1 0.3 t Advanced Systems 0.3 -0.1 ***** 0.4 0.3 7.9 Net MCap High LOW Company
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    • Article
      Lock icon SGX ETF
      171 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last 107.7 69.1 CIMB APAC Div US$ US75 +5.9 10 75 75 7.9 1039 700 CIMBASEAN40 US$ US842 +58 1 842 798 132.1 4258 2355 DBXT China50 US$ US2672 +164
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      258 5 Account Staff A Stone Forest Company RECRUITMENT Services Specialists in Finance Accounting Executive Placements Contract Outsourcing Employment Pass Services RSM www.AccountStaff.com.sg lnfo(a)AccountStaff.com.sg T +65 6594 7946 Getting great deals on the go via your mobile. Now that's a joy to fly. Come explore our new mobile-friendly site today. Come explore
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      7 9 T For more articles, go to btd.sg/BMatters
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      Lock icon Page 9 Advertisements Column 2
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  • Page 11 Advertisements
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      71 11 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Eviction economy stands in the way of decent housing in the US
      1160 12 A universal housing voucher programme would fundamentally change the face of poverty NYT New York THOSE of us who do not live in trailer parks or inner cities might think that low-income families in the US typically benefit
      NYT; PHOTO: NYT  -  1,160 words
    • Article, Illustration
      Lock icon Johor’s Forest City now a duty-free zone
      255 12  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THE mixed-use development in Johor that abuts Singapore’s Tuas has been designated a duty-free zone. In addition, companies that qualify for special tax breaks in the area known as Forest City will not face restrictions imposed by
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    • Article
      Lock icon Blackstone expects lower property returns as CMBS falters
      339 12 BLOOMBERG Seattle RETURNS from US commercial real estate are likely to moderate amid capital market volatility and muted economic growth, said Jon Gray, global head of real estate at Blackstone Group LP. “Rates of return are definitely coming down” in the US,
      BLOOMBERG  -  339 words
  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      233 12 PAYA UBI INDUSTRIAL PARK LEASE SALE Located at Ubi Avenue 1 1,168 to 7,500 sq ft Own parking space (not inclusive in listed area) Tel: 9090 2222 Office: 53 Ubi Avenue 1 #01-11 $53.50 Value.able shares with us the right mindset which every investor should have and how we can
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      Lock icon Page 12 Advertisements Column 2
      41 12 DB Platinum Crod Branchen Stars R1C-A 29/02/2016 210,82 EUR Your Home is Worth, What? Get a FREE personalized webapp showing Facts Figures for your Home Neighbourhood Listings Transactions SRX. com. sg/tracker Powered by StreetSine STREETSINE Technology Geoop A Subsidiary of SFh
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      Lock icon Page 12 Advertisements Column 3
      77 12 Johor to be new economic powerhouse: Najib, Page 22 I am not interested in failure. We are here to succeed… I am more impressed when you counter my argument than when you threaten or when you shout back at me.” Speech at the 54th anniversary of the Singapore General Printing
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon BUSINESS PROSPECTS: BOON OR BANE?
      3333 14 THIS WEEK’S TOPIC What’s the 2016 outlook for your business or industry? John Bittleston Founder Chair Terrific Mentors International Pte Ltd IT’S a VUCA (Volatile, Uncertain, Complex, Ambiguous) world. At times of anxiety about the world’s economic outlook, people turn to mentors to help them
      PHOTO: THE STRAITS TIMES FILE  -  3,333 words
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      10 15 www.omy.sg }J|lS JEW! v. 9 0 0&®E SCAN&READ more blogs.omy.sg
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      Lock icon Page 15 Advertisements Column 2
      120 15 3T IT' M d vlii r, X A > »NI A-c=..i aSAtfg) IfSGPF THE PREMIER PLATFORM FOR SOURCING ■air Singapore Gifts Premiums Fair 2016 29 JUNE 1 JULY 2016 Marina Bay Sands, Singapore Sands Expo Convention Centre Showcase your products to leading buyers! r K mm W mi i, \u
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      460 15 The full list of views from CEOs is available at http://businesstimes.com.sg SG Economy Why It’sYour Business We progressed from theThird World to the First in a single-generation leap riding on the Tiger economy. But with businesses facing a more complex and uncertain landscape tomorrow, how can we restructure and respond?
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon Warren Buffett: Don’t vote against America
      889 16 Investing sage Warren Buffett’s annual letters to shareholders of his holding company Berkshire Hathaway have been required reading for the student of value investing. We bring you excerpts from his latest letter published on Feb 27 IT’S an election year, and candidates can’t stop
      PHOTO: REUTERS  -  889 words
    • Article
      Lock icon Why climate change shouldn’t worry insurers
      641 16 I AM writing this section because we have a proxy proposal regarding climate change to consider at this year’s annual meeting. The sponsor would like us to provide a report on the dangers that this change might present to our insurance operation and explain
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    • Article
      Lock icon Omaha annual meeting to be webcast
      308 16 CHARLIE (Munger) and I have finally decided to enter the 21 st century. Our annual meeting this year will be webcast worldwide in its entirety. To view the meeting, simply go to https://finance.yahoo. com/brklivestream at 9am Central Daylight Time on Saturday, April 30 (Saturday
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    • Article, Illustration
      Lock icon A Brexit could hurt currency, trigger credit downgrades
      427 16 A NEWLY independent UK would likely have reduced leverage to fashion trade deals for the crucial services sector and less clout to negotiate regulatory standards for unimpeded EU market access. Both would be lengthy and painful processes, and we see the UK
      PHOTO: BLOOMBERG  -  427 words
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      113 16 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
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  • BANKING & FINANCE
    • Article
      Lock icon Banks in Latin America pin hopes on Argentina bond surge
      687 17 IFR New York BANKERS struggling to make a living in a waning Latin American primary market are counting on a surge of bond issuance from Argentina after the country cut a historic deal with principal holdouts last week. Argentina has
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      Lock icon Banks’ hands tied as Basel tightens rules
      507 17 Basel Committee on Banking Supervision may scrap an unduly complex internal model-based method for calculating so-called operational risk BLOOMBERG London BANKS’ options for gauging the risk of incurring losses from events such as fraud, cybercrime and litigation are set to shrink as the
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      128 17 North America will export more oil than it imports by 2020. The global energy landscape is changing dramatically. For example, North American oil and natural gas production is sending the region’s demand for imports plummeting to historic lows. This creates opportunities as well as risks. CME Group gives producers and
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon The rise and fall of a commodities giant
      1328 18 Willem Kooyker’s Blenheim Capital Management LLC had US$9.1 billion in assets in 2011. Today, its assets have fallen nearly 85 per cent to US$1.5 billion. BLOOMBERG London THIRTY miles (48 km) west of Wall Street, in an anonymous office park set among
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,328 words
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      Lock icon LSE to launch derivatives market despite merger talks with rival
      400 18 BLOOMBERG London LONDON Stock Exchange Group plc will go ahead as planned with the launch of its new derivatives market, even though the venue will compete with a market run by potential merger partner Deutsche Boerse AG. The project, called
      BLOOMBERG; PHOTO: AFP  -  400 words
    • Article
      Lock icon Oil’s squeeze spreads from Gulf states to banks
      949 18 REUTERS Doha LOW oil prices are forcing Gulf states to borrow to prop up their economies and are now taking their toll on the region’s banks too, complicating their efforts to raise capital required by regulators. The impact of crude’s fall from
      REUTERS  -  949 words
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      64 18 FULL-DAY WORKSHOPS 2016 MARCH SERIES M A R 1 6 21M O N D A Y NTUC Trade Union House 9.00am to 5.00pm 5 LEVELS OF LEADERSHIP This workshop is facilitated by a local trainer, accredited by The John Maxwell Company. Trainer Chandra Sekran P R I C E $620.60
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      93 18 13thEDITION 17-20 MARCH SINGAPORE EXPO HALL 5 11am-10pm DAILY JOIN THE SURE-WIN* LUCKY DRAW CUT OUT THIS COUPON to WIN these prizes and more! LUCKY DRAW will be held at SPH booth #M30, M32 *Each customer is entitled to 1 chance per draw per day only. Original coupon is required.
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      627 19 14 The Institute of Internal Auditors Singapore GA CRMA i CCSA i CFSA CGAP Certified Internal Auditor Certification in Risk Management Assurance™ Certification in Control Self-Assessment® Certified Financial Services Auditor® Certified Government Auditing Professional® Drive Your Career Forward IIA Certification Qualifications An IIA Professional Credential can take your careeer in
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  • TECHNOLOGY
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      Lock icon Obama administration split over encryption policy
      1036 20 The Justice Department’s decision to take action against Apple was made without consulting the White House, as is customary in such cases REUTERS San Francisco EVEN as the US Department of Justice (DOJ) battles Apple in court over access to encrypted data, the Obama
      REUTERS; PHOTOS: REUTERS, AFP  -  1,036 words
    • Article
      Lock icon Intel’s Pentium bug fix proposed as solution for dark pools
      440 20 BLOOMBERG London MODERN markets are driven by software algorithms that humans struggle to debug. To stamp out problems, financial regulators should use the same technique that Intel Corp has deployed following an infamous chip crisis in the 1990s, according to
      BLOOMBERG  -  440 words
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      Lock icon Facebook may pay more UK tax in accounting change
      704 20 NYT New York FACEBOOK has announced that it would change its relationship status with the British tax authorities amid growing anger across Europe about the US technology giants’ aggressive accounting practices. The company announced that it would soon alter how it
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      Lock icon Relationship app Peeple to launch on March 7
      341 20 WP Washington PEEPLE, the so-called “Yelp for people” was a concept so bad that it seemed unlikely to ever come to market. But to our surprise, the app that wants you to review all your relationships is now launching on March 7
      WP  -  341 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Nike under scrutiny over stolen payments for Kenya’s runners
      1260 21 Athletics federation’s ex-employee provides proof of bribe disguised as “commitment bonus” and misappropriated NYT Nairobi WHEN a Chinese clothing company swooped in and offered to sponsor Kenya’s famed runners, Nike panicked, Kenyan officials say. “Can we talk about the situation?” a
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  • GOVERNMENT & ECONOMY
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      Lock icon Asia’s ‘infrastructure wars’ move into new theatre
      728 22  -  ADB’s financing agreement with Eurasian Development Bank takes rivalry with AIIB to new level By Anthony Rowley btworld@sph.com.sg Tokyo WHAT some term “infrastructure wars” in Asia are being ratcheted up a notch with the signing of a co-financ-ing agreement between the Ma-nila-based Asian
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      Lock icon Johor to be new economic powerhouse: Najib
      321 22 iskandar Puteri FOUR mega projects in Johor are expected to help propel the southern state into a new economic powerhouse, said Malaysian Prime Minister Najib Razak on Sunday. The New Straits Times reported him as saying that the four projects comprising Forest City,
      321 words
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      Lock icon Trump stays ahead as Cruz raises pressure with split decision
      914 22 BLOOMBERG Columbus DONALD Trump and Ted Cruz got a split decision from Republican voters in four states on Saturday that did not dramatically change the the nomination race but did expose unrest among party conservatives who want an alternative to
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      Lock icon Negative interest rates in Japan ‘welcome’: senior IMF official
      699 22  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE controversial decision by the Bank of Japan (BOJ) under its governor Haruhiko Kuroda to introduce negative interest rates has won the backing of a senior official at the International Monetary Fund (IMF) as the Japanese
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      Lock icon BIS says negative interest rates working just fine
      300 22 BLOOMBERG Frankfurt NEGATIVE interest-rate policies currently in use by central banks around the world have worked through their respective systems in much the same way as positive rates, though it’s not known how far below zero that would continue to be the
      BLOOMBERG  -  300 words
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      737 23 5 LEVELS OF LEADERSHIP This workshop is facilitated by a local trainer, accredited by The John Maxwell Company. Are leaders born or made? Today’s multi-generational workplace are giving leaders a headache trying to find a balance between the working styles of the different generations, with very few achieving success. In
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  • TRANSPORT
    • Article, Illustration
      Lock icon FAA upgrade takes a toll on residents’ sleep
      1370 24 Since NextGen started, noise complaints have jumped dramatically in communities all over the country WP Washington The US Federal Aviation Administration (FAA) has touted the benefits of its shift to a modern, more sophisticated system for managing air traffic. NextGen, it says,
      WP; PHOTO: AFP  -  1,370 words
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      Lock icon Pilot shortage hits mid-sized, regional US airlines
      549 24 AFP New York MID-SIZED and regional airlines in the US are suffering from a pilot shortage that could threaten the health of the broader US aviation industry. The labour shortfall has led to cancelled flights at carriers such as Mesa Airlines and Silver
      AFP  -  549 words
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      Lock icon No-frills carrier Frontier Airlines said to hire Barclays, Deutsche Bank for IPO
      436 24 BLOOMBERG New York FRONTIER Airlines Inc, a no-frills carrier, hired underwriters for an initial public offering (IPO), people with knowledge of the matter said. Frontier, owned by private equity firm Indigo Partners, is working with Barclays plc, Deutsche
      BLOOMBERG; PHOTO: BLOOMBERG  -  436 words
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      Lock icon VW chairman, CEO knew of ‘defeat devices’ early: Bild
      329 24 REUTERS Berlin VOLKSWAGEN AG’s current chairman and chief executive were alerted by the carmaker’s former CEO to the use of illicit emissions-control software in the United States two weeks before the carmaker disclosed the scale of its manipulations, Bild am Sonntag
      REUTERS  -  329 words
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      1178 25 THE BUSINESS TIMES Shipping times 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 SUR JKT MAHO CORAL 001 60 15/3 17/3 21/3 TOYO PEARL 007 60 23/3 24/3
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      361 25 C a i l a n E n n o r e J e d d a h B r i s b a n e Shanghai Chittagong Ho Chi Minh H o J e b e l A l i n g NYK RORO (ASIA) PTE. LTD. K o
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      661 25 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6379 5066 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN ENDURANCE FF611 23/02 27/02 01/03 03/03 08/03 15/03 FAUST FF613 08/03 12/03 14/03 16/03 21/03 28/03 TAMESIS FF614 19/03 23/03 25/03 27/03
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  • LIFE & CULTURE
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      Lock icon Bringing diversity to exclusive British schools
      1306 26 Some of the nation’s most elite places of learning, concerned about polarisation in society, are taking in more students from disadvantaged backgrounds NYT Rugby, England PATRICK Derham remembers the moment in October 1973 when, age 14, from a troubled home and planning to join
      NYT; PHOTO: NYT  -  1,306 words
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      Lock icon Hieronymus Bosch makes one hell of a homecoming
      1025 26 NYT Hertogenbosch, Netherlands HIERONYMUS Bosch died 500 years ago, his soul dispatched to parts unknown perhaps oblivion, perhaps heavenly peace, perhaps a hellscape of his own invention. His reputation, however, resides in earthly paradise, with two blockbuster exhibitions this year, drawing tens
      NYT  -  1,025 words
  • Page 26 Miscellaneous
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      315 26 CRYPTIC CROSSWORD Across 5 Verbal communication losing time, I had to be sluggish (7) 7 Number hiding initially in part of the forest? (5) 9 Powerful tenor pouring out heart completely in hymn? (6) 10 Worker taken in by bizarre creed forswore beliefs (8) 11 Instrument finds a sort of
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  • DINING OUT
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      Lock icon Classic French bistro fare with comforting familiarity
      969 27  -  Despite the veiy decent food, Jean Dore needs a new reputation and personality to match. match.BY JAIME EE RESTAURANT REVAMP Jean Dore 31 Ocean Way, #01-15 Quayside Isle Tel: 6262-5545 Open for dinner only Mon to Fri: 4pm to 10pm. Sat:10.30am to 11pm.
      969 words
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      204 27 YOUR TO A SUCCESSFUL CAREER why attend STJobs Express 2016? k U Find out more about the wide array of jobs and internships on offer Come face-to-face with employers from the public and private sectors and learn more about their organisations Consult qualified career coaches* and let them steer towards
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  • TOP OF THE LEAGUE
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      Lock icon A warm yet refined brand of service
      943 28  -  At the heart of the Ritz-Carlton brand are its famed “Ladies and Gentlemen” who are tasked to move heaven and earth to please guests. BY FRANCIS KAN HOSPITALITY BY FRANCIS KAN IN AN industry where consumers are spoilt for choice, the Ritz-Carlton has
      943 words
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      201 28 SUCCESS IS KNOWING WHAT TO REFINE OVER TIME, WHILE STAYING TRUE TO YOURSELF. 0 Fuel consumption: 5.5 8.0L/100km CO, emissions: 130 188g/km I AMAZING IN MOTION I- X THE NEW LEXUS ES. THE ESSENCE OF LUXURY. You'd choose hard work over luck. Character over popularity. Because you're at a point
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      4 28 Brought to you by
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