The Business Times, 9 March 2016

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Microfilm: NL33802
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 Wednesday, March 9, 2016
    22 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    170 1 The race for ultra-high fibre broadband speeds is about to hot up, as ViewQwest launches a 10Gbps plan for homes in Singapore’s first end-to-end service. TOP STORIES 2 OSIM shares stage another rally as trading resumes following founder Ron Sim’s announcement of his intention to take the healthy-lifestyle
    170 words
  • Article, Illustration
    Lock icon OSIM offer sparks buzz over other possible candidates for delisting
    838 1  -  Analysts: Burden of compliance with rules for staying listed, dim earnings outlook among factors prompting privatisation By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore OSIM International founder Ron Sim’s privatisation bid for his lifestyle-prod-ucts group is stirring speculation that the persistently gloomy
    Source: Compiled by BT, company websites  -  838 words
  • Article
    Lock icon MARKETS
    26 1 Tuesday Change STI 2,778.77 -44.74 KL COMP 1,687.86 -10.07 NIKKEI 225 16,783.15 -128.17 HANG SENG 20,011.58 -148.14 SHENZHEN B 1,116.52 -6.09 DOW(10.45 EST) 16,939.62 -134.33
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  • Article, Illustration
    Lock icon Singapore p2p online lending sector may see first loan default
    1317 1  -  Capital Match says troubled customer is in construction business; MoolahSense and Funding Societies claim their loans at no risk of default By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SINGAPORE’S nascent peer-to-peer (p2p) lending sector may see its first loan default soon
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  • TOP STORIES
    • Article
      Lock icon ViewQwest ups the ante in high-speed broadband
      497 2  -  It offers a S$2,800 PC that can handle 10Gbps connection “in all its glory” By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore THE race for ultra-high fibre broadband speeds is about to hot up, as upstart ViewQwest on Tuesday launched a 10Gbps fibre broadband plan
      497 words
    • Article
      Lock icon DBS, OCBC preferred by women as employers
      821 2  -  They are respectively fourth and ninth on top 10 list of “ideal” Asian financial-services employers among women By lisen@sph.com.sg Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore MORE women than men prefer working for DBS Group Holdings and OCBC Bank, a survey among finance professionals
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    • Article, Illustration
      Lock icon Forest City’s slew of incentives seen as a big plus
      619 2  -  By Pauline Ng btworld@sph.com.sg Singapore THE multiple tax incentives accorded to Iskandar Malaysia’s Forest City including the coveted duty-free zone has made the ambitious mega-mixed development more feasible, particularly in a depressed market, property consultants say. But at the same
      FILE PHOTO  -  619 words
    • Article, Illustration
      Lock icon Weak demand causes China’s Feb exports and imports to tumble
      583 2  -  By Virginie Mangin btworld@sph.com.sg Beijing CHINA’S exports tumbled by more than 25 per cent in February, adding to Beijing’s woes, struggling to impose reform while averting a sharp slowdown of the economy. Exports dropped by 25.4 per cent in dollar
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    • Article
      Lock icon Japan’s economic outlook still iffy despite contraction that’s smaller than expected
      630 2  -  By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN’S economy shrank at a rate slightly less than initially feared in the final quarter of last year. Its gross domestic product (GDP) contracted by an annualised 1.1 per cent quarter on quarter, rather
      630 words
    • Article, Illustration
      Lock icon Patching up Malaysia Airlines could be a long haul
      798 4  -  Malaysian flag carrier is now barely relatable to its high-flying past on many levels: fleet size, routes, service quality, brand equity, financial standing, and reputation NEWS ANALYSIS B y Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore EIGHTEEN months after a save-the-business, lose-the-company plan
      PHOTOS: THE STAR, REUTERS  -  798 words
    • Article, Illustration
      Lock icon BT illustration wins in global design awards
      406 5  -  By Grace So graceso@sph.com.sg Singapore THE Business Times (BT) has clinched an excellence award from the US-based Society for News Design (SND) for an illustration it published in the wake of the Charlie Hebdo attacks early last year. The award was won by
      406 words
    • Article, Illustration
      Lock icon Rolls, Aston Martin ride brand cachet against downbeat mood
      598 5  -  What economic uncertainty? New models of these million-dollar cars have attracted a dozen or two interested buyers By Samuel Ee samuelee@sph.com.sg Singapore ECONOMIC uncertainty or not, it seems a strong brand with an eye-catching model will still get people to whip
      PHOTOS: BLOOMBERG  -  598 words
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      Lock icon Page 4 Advertisements Column 1
      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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      Lock icon Page 5 Advertisements Column 1
      43 5 JobsBank www.jobsbank.gov.sg WDA Singapore workforce development agency wu c* Administrative Banking Finance Hospitality Information Technology Manufacturing Professional Services Retail n i 6 Gain access to over 122,000 local talents for your company's hiring needs. REGISTER NOW AND CONNECT WITH LOCAL TALENTS AT WWW.JOBSBANK.GOV.SG
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon OSIM hits 4-month high on privatisation news
      313 6  -  HOT STOCK By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore SHARES in OSIM International staged another rally on Tuesday as trading resumed following founder Ron Sim’s announcement of his intention to take the healthy-lifestyle products provider private with an offer of S$ 1.32 a
      Source: Bloomberg  -  313 words
    • Article
      Lock icon KKR-backed clothing retailer SMCP files for IPO in France
      293 6 BLOOMBERG Paris KKR Co’s French clothing retailer SMCP began the process for an initial public offering (IPO) after doubling its sales over the past three years. SMCP filed its registration document with the French market regulator, the first step toward a
      BLOOMBERG  -  293 words
    • CORPORATE DIGEST
      • Article
        Lock icon China Gaoxian Fibre Fabric
        64 6 CHINA Gaoxian Fibre Fabric Holdings announced that it is facing a claim in South Korea from Daewoo Securities Co in relation to an alleged breach of an underwriting agreement from 2010. The claim is for 1 billion Korean won (S$1.15 million) in damages. “The company intends
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      • Article
        Lock icon China Yongsheng
        30 6 CATALIST-LISTED concrete supplier China Yongsheng, which is being taken private at S$0.032 a share, has appointed KGI Fraser Securities as the independent financial adviser (IFA) to the deal.
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    • Article
      Lock icon Profits take a hit as S’pore telcos race to reinvent themselves
      1160 6  -  Past few quarters have been challenging for three incumbents HOCK LOCK SIEW BY AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT TECHNOLOGY disruption has had profound impact on the global telecommunications industry, usurping existing business models with new ones that have low
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    • Article
      Lock icon Noble Group’s bonds recover as commodity distress eases
      668 6 BLOOMBERG Singapore NOBLE Group Ltd’s plans to refinance loans due next month are getting a boost as the commodities collapse eases. Bonds due 2018 from the resources trading company, which has been cut to junk and will be removed from the Straits
      BLOOMBERG  -  668 words
    • Article
      Lock icon Transocean again defers rig delivery from Keppel Fels
      475 7  -  Five jack-ups being built rescheduled for delivery in 2020, from earlier agreed dates of 2018-2020 By hweetan@sph.com.sg Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore SINGAPORE’S large-cap conglomerate Keppel Corporation has seen the delivery of a US$ 1.1 billion rig building contract to New
      475 words
    • Article
      Lock icon Xpress Holdings founder KK Fong to step down
      307 7  -  B y Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore FOUNDER and chief operating officer of mainboard-listed Xpress Holdings, KK Fong, is stepping down after 30 years with the company to pursue new business interests. On March 31, Mr Fong, 63, will be handing the
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    • Article, Illustration
      Lock icon STI / Catalist
      62 8 STI Catalist straits Times index March 8,2016 2,778.77 -44.74 (-1.58%) Current streak 2 days Day high 2,826.75 Day low 2,773.19 52-week high 3,539.95 (Apr 15, 2015) 52-week low 2,532.70 (Jan 21,2016) FTSE ST Catalist index March 8,2016 463.11 -10.10 (-2.13%) Current streak 1 day Day high 477.46 Day low 462.77
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    • Article, Illustration
      Lock icon STI falls for second consecutive day
      654 8  -  Continued volatility in the local bourse possibly caused by weakness in the Dow futures and sharp falls in Japan and HK STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index (STI) on Tuesday sank 44.74 points or 1.6 per cent to 2,778.77, its
      Source: Bloomberg  -  654 words
    • Article
      Lock icon STI STOCKS
      313 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 235 -4 241/234 271 209 6.2 6172.8 CapitaLand 307 -6 314/307 379 267 12.3 2.9 *****.9 CapitaMall Trust 211 -2 216/210 228 184.5 5.3 7334.5 CityDev 744 cd -26 774/744 1095 661
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    • Article
      Lock icon MOST ACTIVE
      35 8 VOLUME Ezra 617,499,800 Noble 127,783,800 Magnus Energy 114,578,100 Nam Cheong 85,373,600 LionGold 75,588,000 Market volume 2,782,745,000 VALUE DBS Grp 120,255,280 Keppel Corp 102,827,589 Singtel 78,678,919 OCBC Bank 69,873,558 Ezra 69,114,508 Market value 1,399,078,000
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    • Article
      Lock icon SGX ETFS Most Active
      108 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 278 -5 471 284/278 355/254 278/280 IS MS INDIA US$ US629 -12 130 643/629 827/575 629/632 78.6 DBXT MSINDO us$ US1276 -24 73 1306/1276 1492/911 1276/1280 Nikko AM STI ETF 282 -7 61 289/282
      108 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Mar 8 VALUE CLOSE BT OB/OS 269.00 -213.00 BT CADI -*****.00 -178.00 BT 10-day MA -*****.00 +27.00 FTSE ST Mid Cap 671.48 -7.88 FTSE ST Small Cap 393.84 -4.23 FTSE ST All Share 679.68 -9.89 FTSE ST China Top 160.40 -1.64 FTSE ST China 189.99 -2.29 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share ftse ST All-Share index March 8,2016 679.68 -9.89 (-1.43%) Current streak 2 days Day high 689.76 Day low 678.74 52-week high 847.98 (Apr 15, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE Index March 7,2016 1,622.66 -6.17 (-0.38%) Current streak 1 day Day high 1,629.70 Day low 1,611.18 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 3 11 2 0 1 0 3 12 2 Manufacturing 29 60 21 4 13 9 33 73 30 Commerce 15 26 12 3 6 6 18 32 18 Tpt/Stor/Comms 12 18 6
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 37,950 1,239 39,189 160,876 269 161,144 Manufacturing 260,077 117,017 377,094 140,514 2,447 142,961 Commerce 171,625 133,354 304,979 180,063 6,720 186,782 Tpt/Stor/Comms 743,356 530 743,886 245,382 44 245,425 Finance 34,783 111 34,894 245,926 16 245,942 Construction
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    • Article
      Lock icon UNUSUAL ACTIVITY
      80 8 VOL CLOSE($) CHANGE Interra Resource 57,075.7 0.102 +0.015 +17.24 BlackGoldNatural 1,077.2 0.041 -0.011 -21.15 EMAS Offshore 9,972.2 0.132 -0.019 -12.58 Amplefield Ltd 3,189.0 0.037 +0.004 +12.12 Neo 2,006.3 0.645 +0.030 +4.88 Cheung Woh 334.9 0.192 -0.023 -10.70 AA 1,093.4 0.084 +0.004 +5.00 AsiaPhos 715.2 0.113 +0.007 +6.60 Xyec
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    • Article
      Lock icon GAINERS
      74 8 BY CENTS CLOSE UP 52w high/low SPDR DJIA US$ ***** 139.7 0.6 *****/***** GLD US$ ***** 106.5 0.6 *****/***** DBXT MSINDIA US$ 886 78.8 6.9 1160/816 Lyxor AsiaRE US$ 825 73.3 6.9 1114/714 DBXT MSAsExJp US$ 3059 66.4 1.6 4064/2772 BY PERCENTAGE CLOSE UP 52w high/low Next-Gen Sat 0.4
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    • Article
      Lock icon LOSERS
      72 8 BY CENTS CLOSE DOWN 52w high/low DBXT MSJAP US$ 4546 -145.2 -2.3 5277/4031 JMH USD 5389 -70.5 -0.9 6598/4500 DBXT China50 US$ 2644 -59.5 -1.6 4258/2355 Keppel Corp 577 -43.0 -6.9 954/464 JSH USD 2886 -36.0 -0.9 3578/2524 BY PERCENTAGE CLOSE DOWN 52w high/low Vashion 0.1 -50.0 -0.1 0.4/0.1
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    • BROKERS’ TAKE
      • Article
        Lock icon OUE Hospitality Trust Under review
        147 8 Target price: Under review March 8 close: S$0.755 OCBC Investment Research, March 8 OUE Hospitality Trust (OUE-HT) announced an underwritten and renounceable rights issue of 441,901,257 new stapled securities to raise gross proceeds of about S$238.6 million. The rights issue would provide stapled security holders
        147 words
      • Article
        Lock icon Raffles Medical Group Buy
        298 8  -  Compiled by Kenneth Lim Target price: S$5.39 March 8 close: S$4.39 Deutsche Bank Research, March 7 We believe Raffles Medical Group’s (RMG) positioning in the highest segment of the Chinese market will allow it to: (1) attract local talent and pay them well; and (2) start
        298 words
    • Article
      Lock icon CALENDAR
      11 8 DATA IMarch 9 COE bidding results US MBA Mortgage Applications
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    • Article
      Lock icon Yen, Swiss franc advance on downbeat China data
      380 9 CURRENCIES REUTERS London THE safe-haven yen and Swiss franc rose on Tuesday as downbeat Chinese trade data fuelled concerns about the state of global demand, weighing on appetite for riskier assets and currencies. China’s February exports slumped 2 5.4 per cent from
      REUTERS  -  380 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Mar 8 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.989 4.826 0.672 5.762 50.000 97.566 0.837 8.963 3.052 1.098 77.686 34.827 1.026 11.429 0.736 24.301 26.298 0.521 0.742 Canada 1.011 4.879
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Mar 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0259 1.0269 0.7418 0.7421 Canadian dollar 1.0371 1.0382 0.7502 0.7499 Euro 1.5261 1.5276 1.1035 1.1039 NZ dollar 0.9348 0.9356 0.6759 0.6761 Sterling pound 1.9708 1.9726 1.4250 1.4255
        155 words
      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Mar 8 S$ Bid Offer 1-month 1.3837 1.3846 2-months 1.3846 1.3856 3-months 1.3854 1.3867 6-months 1.3882 1.3897 Source: OCBC
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        211 9 Most active Mar 8 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 12.4 -1.7 ***** 0.1 1480 4 CSC Holdings W*****9 0.8 unch 7804 1 1 20 1.88 57 Secura Group W*****5 2.2 -0.2 6330 1
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 9 In local curr In S$ In US$ dy yr dy yr dy yr Mar 7 Index Change Change Change Change Change Change World Preliminary 1229.0 0.1 -3.8 0.3 -5.9 0.1 -3.2 EAFE Preliminary 946.4 -0.4 -6.6 -0.2 -8.1 -0.4 -5.5 Europe Preliminary 1340.6 -0.3 -5.1
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        404 9 Mar 8 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Mar16 9320.00 9410.00 9037.50 9270.00 *****7 *****1 Apr16 9225.00 9307.50 8950.00 9177.50 2359 3800 NIKKEI 225 INDEX FUTURES Mar16 *****.00 *****.00 *****.00 *****.00 *****0 *****8 Jun16 *****.00 *****.00 *****.00 *****.00 ***** ***** MSCI TAIWAN
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Mar 8 $S Offer Bid 0vernight 0.05 Par 1-month 1.125 1.000 2-months 1.1875 1.0625 3-months 1.2500 1.1250 Overnight mode: 0.40 US$ 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
        67 9 Mar 8 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.54 5-Year NX*****X 2.250 01-Jun-21 102.47 102.35 102.35 10-Year NX*****Z 2.375 01-Jun-25 102.18 102.27 101.95 15-Year NZ*****F 2.875 01-Sep-30 104.52 104.75 104.75 20-Year NZ*****V 3.375 01-Sep-33 111.19 111.05 111.00
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Mar-7 Price Net change change Last Trade Agricultural Mar-7 CBOT Soybeans (US cents/bu) 873.50 3.00 0.34% 14/03/2016 CBOT Soybean Oil (US cents/lb) 30.95 0.22 0.72% 14/03/2016 CBOT Wheat (US cents/bu) 457.75 3.00 0.66% 14/03/2016 Mar-7 LIFFE Cocoa (£/tonne) 2215.00 -1.00 -0.05% 14/03/2016 LIFFE Coffee (US$/tonne) 1364.00 1.00 0.07%
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    • Article
      Lock icon Shipyards likely to see more asset impairments: UOB-KH
      586 10  -  O&M sector report says yards face greater risks than asset operators By Wong Kai Yi kaiyiw@sph.com.sg @WongKaiYiBT Singapore DESPITE the Singapore offshore and marine (O&M) sector having made loss provisions of US$2.2 billion in financial year 2015 amid the global oil rout,
      586 words
    • Article
      Lock icon Global group targets 25% cut in deficient audits
      416 10  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore A GLOBAL audit quality group, of which Singapore is a participating member, is looking to implement a measurable target to address persistent levels of deficiencies in public company audits. The International Forum of Independent Audit
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    • Article
      Lock icon Asia investor activism set to grow after BlackRock public campaign
      591 10 AFP Hong Kong FOLLOWING a rare public campaign, BlackRock Inc voted against a deal planned by a Hong Kong firm that the world’s biggest asset manager partly owns, revving up investor activism in Asia after it roared ahead in 2015.
      AFP  -  591 words
    • Article
      Lock icon SGX MAINBOARD
      1741 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High 153 127 AIMSAMP Cap Reit 134.5 unch 332 136 133.5 1 8.2 854.6 LOW 175.5 101 ARA Asset Mgmt 115cd unch 225 116 114
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    • Article
      Lock icon SGX CATALIST
      284 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale vol ('000) High Day Low Div C'vr GrYld Net P/E MCap 35 10 t 3Cnergy 10.1 29.5 16.7 t CNMC Goldmine 23 unch 639 23 22.5 3.9 3.3
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    • Article
      Lock icon SGX ETF
      112 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1440 991 CIMBASEAN40 S$D 1176 +60 0 1176 1176 1039 700 CIMBASEAN40 US$ US833 -14 1 833 831 130.7 4258 2355 DBXT China50 US$ US2644 -43 2 2685
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      Lock icon Page 6 Advertisements Column 1
      540 6 RICKMERS TRUST MANAGEMENT Rickmers Trust Management Pte. Ltd. is the Trustee-Manager of Rickmers Maritime, a Singapore business trust, listed on the Mainboard of the Singapore Securities Exchange, which owns and operates containerships under fixedrate time charters to leading container liner companies. We are searching for a Chief Financial Officer based
      540 words
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      252 7 Stone Forest IT Globally Connected RSM Some IT tasks are better OUTSOURCED 1,1 luxrmxct i>oh w i oi« m kl> Risks of confidential data leakage? Inadequate internal resource competency? Vulnerable to threats and malware attacks? "Contact us today for a complimentary IT Health-Check www.StoneForestlT.com.sg lnfo(a)StoneForestlT.com.sg T+65 6594 7594 WAT E
      252 words
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      483 10 Franklin Templeton Infographics Smooth Steering In a volatile market, mutual funds that invest in hedge strategies offer investors opportunities for potential capital appreciation with lower volatility BODY/SUSPENSION What are hedge strategies? Hedge strategies, are considered an alternative asset class like property, private equity and commodities. This is contrasted with traditional
      483 words
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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!
      71 words
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  • REAL ESTATE
    • Article
      Lock icon Mapletree buys student housing assets for £417m
      835 12  -  It acquires 25 buildings in 12 UK university cities including London and Edinburgh By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore MAPLETREE Investments has jumped on the bandwagon to acquire student accommodation assets in the UK amid increased interest from companies and sovereign wealth funds
      835 words
    • Article, Illustration
      Lock icon Condo resale prices slip 0.3% in Feb: SRX
      511 12  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore RESALE prices of private condominiums and apartments in Singapore dipped 0.3 per cent in February 2016, after increasing 0.8 per cent in January. It was dragged down by a 0.8 per cent price fall in the
      Source: SRX Property  -  511 words
    • Article, Illustration
      Lock icon Singapore prime homes a good buy now: JLL
      654 12  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore A NEW JLL report is extolling the virtues of buying a prime residential property in Singapore now, given how “affordable” they have become compared to other global cities in the last four years. This is in
      Source: Demographia, JLL estimates  -  654 words
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  • BANKING & FINANCE
    • Article
      Lock icon JPMorgan sees divergence in UK stocks with Brexit debate
      442 14 BLOOMBERG London BRITAIN’S potential withdrawal from the European Union is causing a rift in the region’s biggest stock market to widen. While the FTSE 100 Index is one of Europe’s best-performing gauges in 2016, benefiting from the drop in the pound
      BLOOMBERG  -  442 words
    • Article, Illustration
      Lock icon Ex-Goldman banker to 1MDB fund subpoenaed in US probe: sources
      1149 14 He championed series of bond sales that raised US$6.5b for 1MDB, generating above-average fees for Goldman BLOOMBERG New York A FORMER Goldman Sachs Group Inc banker has become entangled in a sprawling investigation of the Malaysian state investment fund as
      BLOOMBERG; 2002 BT FILE PHOTO  -  1,149 words
    • Article
      Lock icon HSBC going solo on China card issue a boost to group’s expansion
      564 14 BLOOMBERG Hong Kong HSBC Holdings plc winning approval to start a credit-card business in China’s US$1 trillion market offers chief executive officer Stuart Gulliver added flexibility in his push into the nation’s retail banking and wealthmanagement industries. The
      BLOOMBERG  -  564 words
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      Lock icon Page 14 Advertisements Column 1
      35 14 FREE ADMISSION 2016 THE LARGEST I.T., DIGITAL, MOBILE CONSUMER ELECTRONICS EXHIBITION IN SINGAPORE! SHOW HIGHLIGHTS! STARBUYS TRADE-IN TECH SHOWCASE GAMEX BRAND TIME IT SHOW BABES CONTEST 10-13MARCHSUNTEC SINGAPORE ComexITShow www.itshow.com.sg TEL: 6747 4620 ORGANISED BY:
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      Lock icon Page 14 Advertisements Column 2
      754 14 cc I am guided by one simple principle in my life. What I am afraid to have publicly discussed, I never privately do. Whatever I do privately, I may have to keep it secret for some time. But if it comes out, I am prepared to defend myself.” Speaking in
      754 words
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      437 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF STANDARD CHARTERED INVESTMENTS (SINGAPORE) PRIVATE LIMITED (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****6745Z NOTICE OF RESOLUTIONS By way of Written Resolution of the shareholders of STANDARD CHARTERED INVESTMENTS (SINGAPORE) PRIVATE LIMITED, the following Resolutions were
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Global glut turns biggest LNG buyer into seller of fuel
      510 15 BLOOMBERG Tokyo A FACILITY on Japan’s Pacific coast will be ready next month to ship liquefied natural gas (LNG) abroad, as a global glut turns the world’s biggest buyer into a seller of the fuel. Shizuoka Gas Co plans to
      BLOOMBERG  -  510 words
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      Lock icon Iron ore giants Vale, Fortescue plan tie-up
      595 15 It would be the first deal involving the “big four” iron ore miners following a collapse in the price of the commodity REUTERS Melbourne THE world’s No 1 and No 4 iron ore miners are in talks that could see Brazil’s Vale SA
      REUTERS; PHOTO: REUTERS  -  595 words
    • Article
      Lock icon Ontario’s small producers using old-school ways to beat oil rout
      734 15 BLOOMBERG Calgary CHARLIE Fairbank, the great grandson of one of the world’s first oilmen, has turned to a century-old technology to keep his 350 Ontario oil wells competitive in a world of US$35 crude. Using a single engine and wooden
      BLOOMBERG  -  734 words
    • Article
      Lock icon Chevron’s mega Australia gas project starts production
      279 15 AFP Sydney ONE of the world’s largest natural gas plants and Australia’s biggest resources project has started production, Chevron said on Tuesday, as the market continues to battle plunging commodity prices and a supply glut. The US multinational said that the US$52 billion
      AFP  -  279 words
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      181 15 VCCIRCLE Training 17-18 MAR'16| SINGAPORE INVESTOR RELATIONS FUNDRAISING FOR PRIVATE EQUITY Key Learning Benefits: Master world class fundraising documentation skills Learn to act as a successful conduit between LPs and deal teams, and more... Programme Instructor: Anne Maree Byworth Former Director, Private Equity, CDC Group PLC Contact: training@vccircle.com or Call:
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Microsoft opens its corporate data software SQL to Linux
      772 16 CEO Satya Nadella wants to go after computers running Linux, sees it as a market expansion opportunity NYT San Francisco FOR years, Microsoft built walls between its products and the rest of the industry. Now it is tearing them down. Microsoft,
      NYT; PHOTO: REUTERS  -  772 words
    • Article
      Lock icon Taking baby steps towards software that reasons like humans
      797 16 NYT New York RICHARD Socher appeared nervous as he waited for his artificial intelligence program to answer a simple question: “Is the tennis player wearing a cap?” The word “processing” lingered on his laptop’s display for what felt like an eternity.
      NYT  -  797 words
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      217 16 ST DBS 2016 YOUR TO A SUCCESSFUL CAREER WHY ATTEND STJobs Express 2016? U 6 A 6 P 4° 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
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  • CONSUMER
    • Article, Illustration
      Lock icon Pharma crusader takes India’s drug regulators to court
      623 17 Dinesh Thakur is accusing them of failing to enforce rules on drug safety in US$15 billion industry REUTERS New Delhi ONE of India’s best-known whistleblowers, who exposed dangerous practices in the generic drug industry in 2013, is taking the country’s drugs regulators
      REUTERS; PHOTO: BLOOMBERG  -  623 words
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      Lock icon To feed sales, firms are reimagining the snack
      526 17 NYT New York MONDELEZ International, the large snacks and confections business that used to be part of Kraft, is introducing its first new product line in years. The new line of thin, savoury crackers, called Good Thins, plays to consumers’ growing interest
      NYT  -  526 words
    • Article
      Lock icon Canon, Fujifilm lead as Toshiba gets set to pick suitor for medical unit: sources
      360 17 REUTERS Tokyo TOSHIBA Corp is poised to settle on a preferred bidder for its medical equipment unit with an extraordinary executive meeting planned on Wednesday, people with knowledge of the process said on Tuesday. Canon Inc
      REUTERS  -  360 words
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      16 17 ChanChunSing ExclusiveInterviewwithZB: Singapore-Sino 3rdG-to-G project tostartTransport Logistics Masterplan To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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      17 17 m r Buying y Opportunities Property Outlook 2016 Download at |SRX srx.com.sg/property-magazine comsg Right Home. Right Price.
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      505 17 NOTICES East Ocean Investments Holdings Ltd. (the “Company”) NOTICE OF APPOINTMENT OF A LIQUIDATOR UNDER SECTION 204 OF THE BVI BUSINESS COMPANY ACT. NOTICE is hereby given pursuant to Section 204, subsection (b) of the BVI Business Companies Act, 2004 that the Company is in voluntary liquidation. The voluntary liquidation
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  • TRANSPORT
    • Article
      Lock icon Staying optimistic despite challenges
      656 18  -  Next week’s APM exhibition and conference will allow attendees to network and learn how veteran industry players have survived downturns since the 1990s STRAIT TALK BY DAVID HUGHES ACCORDING to its organiser, the Asia Pacific Maritime (APM) exhibition and conference has been around for 28 years
      656 words
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      Lock icon BAIC to raise 3b yuan for its electric-car business
      485 18 It will sell shares in the unit on Shanghai’s exchange for emerging firms: sources Beijing BAIC Group is seeking to raise about three billion yuan (S$638.3 million) in a financing round for its electric-car business, with plans to sell shares in
      PHOTO: REUTERS  -  485 words
    • Article
      Lock icon Aero Express Logistics horizons widen with acquisition by MNX
      481 18  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore LOCAL third-party logistics provider Aero Express Logistics (AEL), riding on the growth in Singapore’s aviation and aerospace industry over the past decade, is looking at further horizons after its recent acquisition by global player MNX
      481 words
    • Article
      Lock icon Bulk ships are dying faster and younger this year
      700 18 BLOOMBERG Hong Kong MORE ships built to transport iron ore and coal have been scrapped so far this year than in all of 2014 as the commodity slump stunts the life expectancy of bulk carriers. Twenty-nine Capesize vessels with an average
      BLOOMBERG  -  700 words
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      450 18 SG Economy Update 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? Hear corporate leaders discuss Singapore’s near and mid-term economy and
      450 words
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  • ASIA PACIFIC MARITIME 2016
    • Article, Illustration
      Lock icon Prepare for rough weather ahead
      1092 19  -  Players in the offshore supply vessel (OSV) sector need to be financially disciplined to ride out a tough operating environment. BY FRANCIS KAN environment.BY FRANCIS KAN THE offshore marine sector is in a depressed state globally as a result of the plunge in crude oil
      PHOTO: BLOOMBERG  -  1,092 words
    • Article
      Lock icon Surviving the turbulence
      214 19 TO navigate the current environment, offshore supply vessel (OSV) operators should continue to: IReview and stress test current liquidity assumptions and forecasts. Companies must develop a firm understanding of liquidity runway, identify and manage key risks, and seize opportunities to extend themselves through what could be a
      214 words
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      95 19 ei ,h edition o Asia Pacific MARITIME Offs hore 0/ tding Marine 16-18 March 2016 Hall A, B, C,D, E&F Marina Bay Sands, Singapore Asia's Premier Marine, Workboat Offshore Exhibition and Conference Tough times never last, tough people and true friendships do. Make friends at APM 2016 1,500 exhibitors 17
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      7 19 Asia Pacific MARITIME 0/ lcling Mar'^e Offshore
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  • GOVERNMENT & ECONOMY
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      Lock icon Carney says it’s better that UK stays in EU
      698 20  -  But he insists he and the BOE are neutral in the coming Brexit referendum and do not intend to influence voters Neil Behrmann btworld@sph.com.sg London BANK of England (BOE) governor Mark Carney has indicated that the UK financial sector and economy
      PHOTO: REUTERS  -  698 words
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      Lock icon This South-east Asian economy is about ready for its opening bell
      811 20 BLOOMBERG Singapore MYANMAR has four currency rates, no credit rating, and a shiny new stock exchange that doesn’t yet trade. Those are some pieces of the financial puzzle that Aung San Suu Kyi’s National League for Democracy inherited when
      BLOOMBERG; PHOTO: AFP  -  811 words
    • Article
      Lock icon India drops pension tax plan after backlash
      373 20 REUTERS New Delhi PRIME Minister Narendra Modi’s government on Tuesday dropped a controversial proposal to tax pension withdrawals, caving in after an outcry by salaried workers threatened to undermine his party’s prospects in upcoming Indian state elections. Finance Minister Arun Jaitley had proposed
      REUTERS  -  373 words
    • Article
      Lock icon Fighting capital flows in the orbit of the ECB
      1020 20 BLOOMBERG London TO limit currency appreciation and generate inflation, some central banks in Europe but outside of the euro zone have turned to unorthodox monetary policies. Denmark, Sweden, and Switzerland have all adopted negative policy rates. Sweden, in addition, has bought
      BLOOMBERG  -  1,020 words
    • Article, Illustration
      Lock icon Michael Bloomberg aborts US presidential run
      1003 21 He fears a 3-way race would lead to the election of a candidate he thinks would endanger the country: Donald Trump NYT New York MICHAEL Bloomberg, who for months quietly laid the groundwork to run for president as an independent, will not enter the
      NYT; PHOTO: REUTERS  -  1,003 words
    • Article
      Lock icon Africa’s biggest rivals forge closer ties amid global slump
      357 21 BLOOMBERG Johannesburg MISERY loves company. Africa’s two biggest economic rivals South Africa and Nigeria are turning to each other as they fall on tough times. South Africa’s economy is threatened with recession as demand from China, its main trading partner, weakens
      BLOOMBERG  -  357 words
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      609 21 FULL-DAY WORKSHOPS THE MODERN WORKPLACE: ARE YOU EQUIPPED FOR IT? Who should attend: Directors, Business Owners, Supervisors, Professionals, Managers, Executives, and Leaders who wish to grow further in their roles. VISUAL STORYTELLING We live in an age of information abundance and attention scarcity where audiences have lesser time to take
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  • OPINION
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      Lock icon China needs to step up economic restructuring, not just growth
      590 22 EDITORIAL ONE of the highlights of the annual meeting of China’s National People’s Congress (NPC), which began in Beijing on March 5, is the projection for economic growth put out by the country’s leadership. This year, many economists believe that
      590 words
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      Lock icon Trump phenomenon signifies shift to personality-based politics
      807 22  -  THE BOTTOM LINE By Robert J Samuelson THE WASHINGTON POST WRITER’S GROUP Washington WHAT we are seeing in the continuing march of Donald Trump toward the Republican presidential nomination is the power and significance of political entrepreneurship. If you want to become president
      THE WASHINGTON POST WRITER’S GROUP  -  807 words
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      Lock icon Global powers are unprepared for the next emergency
      726 22  -  And that will inevitably come. The disagreements at the recent G-20 meeting exposed rifts in views, and no substantial decisions were taken. BY PETER THAL LARSEN taken.BY PETER THAL LARSEN may REUTERS THE world’s economic powerhouses are poorly equipped to deal with
      may REUTERS; PHOTO: BLOOMBERG  -  726 words
    • Article
      Lock icon Venturing overseas – what more can Singapore do on the tax front?
      1154 23  - Venturing overseas what more can Singapore do on the tax front? COMMENTARY By Daniel Ho, Chua Kong Ping, Yvaine Gan TThe writers are respectively tax partner and senior managers at Deloitte Singapore. The views expressed are their own. THE clarion call for Singapore companies to venture abroad has been repeatedly
      1,154 words
    • Article
      Lock icon Get set for deflation, muted job growth, social unrest
      829 23  -  COMMENTARY By Tarun Kataria T The writer is a private equity professional and independent director. THE Monday after the G-20 in Shanghai should have prompted a rally in global equities. Instead, we saw the Shanghai Composite drop more than 3 per
      829 words
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      Lock icon How China’s rich are shaping national policymaking
      993 23  -  For the first time in the country’s history, private entrepreneurs are actively involved in the preparation of the national five-year plan. BY LEA SHIH AND MATTHIAS STEPAN plan.BY LEA SHIH, MATTHIAS STEPAN TThe writers are respectively research associate and head of the Chinese
      PHOTO: BLOOMBERG  -  993 words
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  • Page 24 Advertisements
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      1153 24 THE BUSINESS TIMES V’-a-'V 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
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      360 24 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 n g J e b e l A i K o NYK RORO (ASIA) PTE. LTD. n
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      657 24 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 Sharapova nailed in anti-doping test; Nike suspends deal
      1599 25 World’s highest-paid female athlete confesses to taking banned drug meldonium for “health reasons” NYT Los Angeles MARIA Sharapova, a five-time Grand Slam champion and the world’s highest-paid female athlete, announced on Monday that she had tested positive for the recently banned drug
      NYT; PHOTO: AFP  -  1,599 words
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      Lock icon Italy’s famed wine region threatened by wild game
      872 25 NYT Gaiole in Chianti, Italy FENCES are rising. There is talk of a brutal and destructive insurgency, invasions and a slaughter that could include hundreds of thousands in the years ahead. If that sounds something like a war, the battlefield is the
      NYT; PHOTO: BLOOMBERG  -  872 words
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      Lock icon Art scene in Bangkok blooms under junta rule
      444 25 REUTERS Bangkok ON a wall in a northern suburb of Bangkok “Asin Acid” puts the finishing touches to a spray-painted picture of a colourful giant chicken holding a broken loudspeaker. “The loudspeaker represents the media. The media is trying to say something
      REUTERS; PHOTO: REUTERS  -  444 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      322 25 CRYPTIC CROSSWORD Across 1 Correspondence made by accident? (11) 9 Will it shoot itself? (9) 10 Make jet return excursions (5) 11 Plate showing church beside Holy Father’s home (6) 12 A sweet dog Bill Sikes had (5-3) 13 He is taken in by a girl who fluttered them? (6)
      322 words
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  • EXECUTIVE MONEY
    • Article
      Lock icon State St starts gender diversity ETF
      1398 26 Fund’s goal is to achieve market-rate returns by investing in US companies that are leaders in promoting women to their senior ranks NYT New York STATE Street Global Advisors was set to introduce its 159th exchange-traded fund on Tuesday, the SPDR Gender Diversity Index
      NYT  -  1,398 words
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      Lock icon Nikko Asset bullish on Japan equities
      717 28  -  Fundamentals such as corporate earnings underpin potential re-rating, it says By Genevieve Cua gen@sph.com.sg @GenCuaBT JAPAN equities have room to rise significantly in the near to medium term, even as the recent strength of the yen has pressured stocks on the Tokyo exchange. Nikko
      Source: Bloomberg, Toyo Keizai (Feb 25,2016)  -  717 words
    • Article
      Lock icon Even retirees should leave market trading to the pros
      554 28  -  By John F Wasik NYT YOU have a significant retirement portfolio, it’s yours to manage and you have time on your hands. You’re a smart person and you’re sure you can beat the market or at least do better than a
      NYT  -  554 words
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      400 26 LEADING COMPANIES U S l tii Hi CAPTURING OPPORTUNITIES i «-< n.f r i GLOBAL CONSUMERS i i o\ BE PART OF FAMILIAR U.S. GROWTH OPPORTUNITIES THROUGH SPDR® U.S. EQUITY ETFs. Access global brands that are part of your daily life, and their growth potential, with SPDR ETFs. S27 SPDR
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      238 28 Ensure you understand the risks and costs involved with CFD and FX trading by reading the Risk Disclosure Statement at IG.com.sg. IG Asia Pte Ltd (Co. Reg. No.*****0021K), regulated by MAS. Terms and Conditions apply. The above promotion is only valid for a new account, with a minimum initial funding
      238 words