The Business Times, 10 March 2016

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Total Pages: 24
1 24 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 Thursday, March 10, 2016
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  • Article
    Lock icon MARKETS
    26 1 Wednesday Change STI 2,810.43 +31.66 KL COMP 1,686.35 -1.51 NIKKEI 225 16,642.20 -140.95 HANG SENG 19,996.26 -15.32 SHENZHEN B 1,099.69 -16.83 DOW(9.30 EST) 17,019.64 +55.54
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  • Article
    Lock icon DAILY DIGEST
    172 1 Certificate of entitlement premiums go up across the board, with goods vehicles and buses registering the biggest increase. TOP STORIES 2 A Visa study shows that emerging economies have more to gain in boosting electronic payments, in a nod to the networking effect. TOP STORIES 3 Corporate hiring
    172 words
  • Article, Illustration
    Lock icon Commodity rally won’t last as fundamentals unchanged: analysts
    1075 1  -  They see full recovery in oil market only in H2 this year or next; current US$40 price proves to be sticky threshold By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore OIL prices clung to the US$40 threshold on Wednesday, cheered by a possible agreement
    Source: Bloomberg  -  1,075 words
  • Article
    Lock icon Rig-building backlogs come under the spotlight
    917 1  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore THE health of the rig-building order books of Singapore’s shipyard groups Keppel Offshore Marine and Sembcorp Marine is once again under scrutiny following another announced deferral of the delivery of five jack-up rigs that Transocean placed with
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      208 1 *****1 *****1 BUDGET 2016 Emphasis on priming firms, workers for future: observers TOP STORIES 2 BUDGET 2016 Finance Minister Heng Swee Keat will deliver his maiden Budget speech in Parliament on March 24. Not sure what to expect? Kelly Tay and Kenneth Lim bring you up to speed, in under
      208 words
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      Lock icon Page 1 Advertisements Column 2
      25 1 HOCK LOCK SIEW Ho Bee’s recurring income strategy reaping dividends companies markets 6 FLASH ESTIMATES Condo, HDB rental indexes lower in February REAL ESTATE 13
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      Lock icon Page 1 Advertisements Column 3
      14 1 Don’t be fooled by commodity rally: Many producers still face debt cliff, Page 16
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  • TOP STORIES
    • Article, Illustration
      Lock icon Budget expected to prime firms, workers for future
      767 2  -  Economists also see retooling of PIC, update on deferred hikes to foreign worker levy, but no flood of goodies SINGAPORE BUDGET 2016 By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore BUILDING blocks to help businesses tap into Singapore’s economic transition will be put in
      FILE PHOTO  -  767 words
    • Article
      Lock icon MAS urges life insurers to stem consumer ire by raising service quality
      493 2  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore LAST year, close to half of the complaints received by the Monetary Authority of Singapore (MAS) against life insurers were related to service standards, prompting the regulator to urge insurers to raise
      493 words
    • Article, Illustration
      Lock icon COE premiums up across the board; Cat C sees largest jump
      361 2  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore CERTIFICATE of entitlement (COE) premiums went up across the board in the latest round of bidding, with goods vehicles and buses registering the biggest increase. The premium for goods vehicles and buses (Category
      FILE PHOTO  -  361 words
    • Article
      Lock icon Susan Lim loses appeal against legal assessor fees
      505 2  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SURGEON Susan Lim will have to pay some S$235,200 in fees to a legal assessor for work done in a disciplinary inquiry against her after the Court of Appeal on Wednesday upheld an earlier decision by
      505 words
    • Article, Illustration
      Lock icon Electronic payments a big plus for emerging economies: study
      478 3  -  With EM consumption growing faster than in developed markets, e-payments can help boost GDP REUTERS BREAKINGVIEWS By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore IN A nod to the network effect, a Visa-commissioned study by Moody’s Analytics on Wednesday showed emerging economies have
      PHOTO: BLOOMBERG  -  478 words
    • Article
      Lock icon Women on boards: Study finds forced quotas not effective
      370 3  -  By Una Galani BOARDROOM gender quotas are not a cure-all. A new global study has found that forcing companies to put more women on boards has not helped to redress the gender imbalance among senior executives. It adds to the growing
      370 words
    • Article, Illustration
      Lock icon Hiring outlook for Q2 dimmest since 2009
      492 4  -  By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore AFTER sliding for five straight quarters, corporate hiring plans in the next three months in Singapore are tipped to hit the lowest since the last recession. Global employment firm ManpowerGroup’s latest net employment outlook for April-May
      Source: Manpower Inc.  -  492 words
    • Article, Illustration
      Lock icon Public relations network expanding in Asia
      600 4  -  By Wong Kai Yi kaiyiw@sph.com.sg @WongKaiYiBT Singapore PUBLIC Relations Organisation International (PROI) the world’s third-larg-est PR agency network is looking to Asia to expand its network of agencies despite a slowdown in Asian economies. The network was founded in Europe in 1970, and is
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    • Article, Illustration
      Lock icon Trump sends rivals packing in Michigan, Mississippi and Hawaii
      755 4 NYT New York DONALD Trump easily dispatched his Republican rivals in the Michigan and Mississippi presidential primaries on Tuesday and won the Hawaii caucuses, regaining momentum in the face of intensifying resistance to his campaign among party leaders. Senator Bernie Sanders
      NYT; PHOTO: AFP  -  755 words
    • Article, Illustration
      Lock icon Date set for 2nd S’pore hearing into tycoon’s Canada land dispute
      599 4  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore A SECOND hearing in Singapore has been set for the case between Singapore tycoon Oei Hong Leong and Canada’s Concord Pacific Acquisitions, the company against which he began action last October over a
      FILE PHOTO  -  599 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      27 2 Tax tweaks that help SMEs expand abroad, Page 22 T For more Budget stories, go to bt.sg/budget_16. For BT's five-minute guide to the Budget, go to bt.sg/budget16vid
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  • Page 3 Advertisements
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      21 3 Select furniture for your home or showcase your merchandise in CLASS 114 To advertise, call the Print Classified Hotline: 1800-289 9988
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      65 3 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
      Lock icon Singapore investors resume buying on Wall Street in Q4
      821 5  -  In contrast, US investors shift to selling stocks on Singapore bourse after 3 consecutive quarters of accumulation By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore AFTER three straight quarters of dumping US stocks, Singapore-based investors were back buying on Wall Street in
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    • Article
      Lock icon Hyflux shares surge on news of Egypt project
      310 5  -  By hweetan@sph.com.sg Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore HYFLUX shares surged as much as 12 per cent on Wednesday following news that it has won a letter of intent (LOI) for an integrated water and power project in Egypt. The stock ended
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    • CORPORATE DIGEST
      • Article
        Lock icon Sembcorp Marine
        63 5 SEMBCORP Marine has raised its stake in Norway-based Gravifloat AS by another 44 per cent for US$38 million, bringing its stake in the firm to a controlling interest of 56 per cent. Under an agreement, the company will eventually raise its interest in Gravifloat to 100 per cent
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      • Article
        Lock icon Lippo Malls
        53 5 THE manager of Lippo Malls Indonesia Retail Trust on Wednesday said its chief executive officer executive director, Alvin Cheng, will be stepping down from the position to pursue his personal and professional interests at the end of April 2016. The board is currently sourcing for suitable candidates to
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      • Article
        Lock icon Pacific Healthcare
        50 5 PACIFIC Healthcare Holdings said it and its nursing home subsidiary have been sued over an alleged S$500,000 loan, and a payment worth S$1.78 million over a terminated sale of two separate units. The claim is made by Chan Ewe Teik, a director of Straitsworld Advisory, and Straitsworld Advisory.
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    • Article
      Lock icon Prudential Singapore new sales, VNB premiums fall
      380 5  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE end of British-based insurer Prudential’s distribution relationships with Maybank and SingPost has continued to weigh on its total new business sales in Singapore, even as new business profit for fiscal year 2015 went up. Coupled with
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    • Article, Illustration
      Lock icon Ho Bee’s recurring income strategy reaping dividends
      1101 6  -  Group also keeps an eye on crystallising capital gains HOCK LOCK SIEW BY KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT THE most noteworthy feature of Ho Bee Land’s financial results for the year ended Dec 31, 2015, is the surge in rental income, which attests to
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    • Article
      Lock icon MyRepublic puts out feelers on mobile plans
      640 6  -  TELCO DISRUPTION By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore IN A move that baffled the market and seen by some as premature, fourth telco hopeful MyRepublic on Wednesday unveiled its proposed mobile offerings, which included a 2GB mobile data plan for as low as
      640 words
    • Article, Illustration
      Lock icon M1’s remote monitoring solution launched for those looking after the elderly
      605 6  -  By Amit Roy Choudhury By Roy Choudhury amit@sph.com.sg @AmitRoyCBT @AmitRoyCBT Singapore TELECOMMUNICATIONS operator M1 on Wednesday launched an integrated smart-activity monitoring service designed for senior citizens who live independently and have caregivers who can use the system to keep
      PHOTO: BLOOMBERG  -  605 words
    • Article
      Lock icon Noble said to be planning biggest ever loan backed by inventories
      764 6 BLOOMBERG Hong Kong NOBLE Group Ltd, the embattled commodity trader, is working on its largest ever loan backed by inventories as banks demand more security, forcing a dramatic overhaul in the way it borrows. The Hong Kong-based company is
      BLOOMBERG  -  764 words
    • Article, Illustration
      Lock icon Libra Group eyes a piece of Malaysia’s land and sky
      666 8  -  The M&E firm now looks to enter Malaysia’s property, tourism and aviation sectors By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore Singapore LIBRA Group may be only designing and building electrical and air-condi-tioning systems now, but if its executive chairman-cum-chief executive officer
      PHOTO: ARTHUR LEE  -  666 words
    • Article
      Lock icon Thai Express owner plans 40b baht investment in hotels, fast food over 5 years
      331 8 REUTERS Bangkok THAILAND’S Minor International which owns the Thai Express restaurant chain in Singapore plans to invest 40 billion baht (S$1.57 billion) over the next five years in a major expansion of its hotel and fast-food
      REUTERS  -  331 words
    • Article
      Lock icon Anchor Resources prices IPO at S$0.25 per share
      283 8  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore MALAYSIAN gold miner Anchor Resources has priced its S$7.2 million initial public offering at 25 Singapore cents per share. The 28.8 million shares, which will be placed by sponsor and issue manager UOB Kay Hian, will
      283 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 10 STI Catalist Straits Times Index March 9,2016 2,810.43 +31.66 (+1.14%) Current streak 1 day Day high 2,813.64 Day low 2,770.26 52-week high 3,539.95 (Apr 15, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index March 9,2016 464.17 +1.06 (+0.23%) Current streak 1 day Day high 464.31 Day low
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    • Article
      Lock icon GAINERS
      70 10 BY CENTS CLOSE UP 52w high/low Jardine C&C 3915 35.0 0.9 4258/2636 Petra Foods 253 25.0 11.0 410/130 Keppel Corp 600 23.0 4.0 954/464 UOB 1840 23.0 1.3 2505/1680 HongkongLand USD 602 20.8 2.6 880/555 BY PERCENTAGE CLOSE UP 52w high/low Heatec Jietong 8.5 84.8 3.9 11.5/3.6 Infinio 0.3
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    • Article
      Lock icon LOSERS
      74 10 BY CENTS CLOSE DOWN 52w high/low DBXT Nifty50 ETF10 ***** -300.5 -1.9 *****/***** GLD US$ ***** -252.1 -1.5 *****/***** Lyxor Indonesia US$ 7985 -234.0 -2.1 9094/6250 JSH USD 2814 -99.7 -2.5 3578/2524 JMH USD 5322 -92.8 -1.2 6526/4500 BY PERCENTAGE CLOSE DOWN 52w high/low Next-Gen Sat 0.2 -50.0 -0.2
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 10 VOL CLOSE($) CHANGE Joyas Intl 5,951.5 0.005 -0.004 -44.44 Net Pacific Fin 105.0 0.024 -0.009 -27.27 Axcelasia 850.1 0.250 +0.040 +19.05 Sunlight 933.3 0.014 -0.006 -30.00 AsiaPhos 6,145.2 0.119 +0.006 +5.31 Ezra 718,024.8 0.120 +0.020 +20.00 Interra Resource 29,940.1 0.117 +0.015 +14.71 Parkson Retail 8,487.1 0.170 +0.016 +10.39
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    • Article, Illustration
      Lock icon STI rebounds after 2 days of losses
      679 10  -  Rise is led by Keppel Corp and SembMarine, with O&M stocks the main plays; Hyflux up on news of Egypt contract TTSTOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT AFTER dropping 58 points on Monday and Tuesday, the Straits Times Index (STI) rebounded by 31.66
      Source: Bloomberg  -  679 words
    • Article
      Lock icon STI STOCKS
      313 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 238 +3 240/236 271 209 6.1 6251.6 CapitaLand 310 +3 312/304 379 267 12.4 2.9 *****.2 CapitaMall Trust 212 +1 216/209 228 184.5 5.3 7369.2 CityDev 751 cd +7 756/742 1095 661
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    • Article
      Lock icon MOST ACTIVE
      33 10 VOLUME Ezra 718,024,800 Noble 145,295,900 Nam Cheong 49,809,300 InnoPac 45,298,000 Ezion 44,017,900 Market volume 2,152,293,000 VALUE Ezra 80,318,781 DBS Grp 79,075,778 Singtel 78,073,459 Keppel Corp 76,659,227 Noble 61,889,369 Market value 1,205,296,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Mar 9 VALUE CLOSE BT OB/OS 486.00 +217.00 BT CADI -*****.00 +99.00 BT 10-day MA -*****.00 +49.00 FTSE ST Mid Cap 675.12 +3.64 FTSE ST Small Cap 399.03 +5.19 FTSE ST All Share 685.52 +5.84 FTSE ST China Top 160.94 +0.54 FTSE ST China 191.11 +1.12 FTSE
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    • Article
      Lock icon SGX ETFs
      106 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 282 +4 187 282/278 355/254 282/283 IS MS INDIA US$ US636 +7 110 637/632 827/575 636/640 79.5 Nikko AM STI ETF 286 +4 57 287/284 361/259 287/288 6.9 DBXT MSINDO us$ US1276 48 1277/1269
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 10 STI FTSE ST All-Share ftse ST All-Share index March 9,2016 685.52 +5.84 (+0.86%) Current streak 1 day Day high 685.89 Day low 677.74 52-week high 847.98 (Apr 15, 2015) 52-week low 625.37 (Jan 21, 2016)
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      Lock icon STI / MSCI EAFE
      33 10 STI MSCI EAFE MSCI EAFE index March 8,2016 1,616.48 -6.18 (-0.38%) Current streak 2 days Day high 1,627.44 Day low 1,608.42 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 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 4 2 0 1 0 8 5 2 Manufacturing 49 28 30 10 8 9 59 36 39 Commerce 18 17 9 5 6 5 23 23 14 Tpt/Stor/Comms 22 6 7
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 30,692 512 31,204 124,104 108 124,212 Manufacturing 201,191 37,813 239,004 116,858 1,942 118,799 Commerce 176,219 78,692 254,911 153,785 3,771 157,555 Tpt/Stor/Comms 811,840 121 811,961 244,208 10 244,218 Finance 64,169 5 64,174 180,505 1 180,506 Construction
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    • BROKERS’ TAKE
      • Article
        Lock icon Cache Logistics Trust | Reduce
        200 10 Cache Logistics Trust Reduce March 9 close: S$0.845 Target price: S$0.78 Phillip Securities Research, March 9 CACHE has two master leases expiring in 2016; distribution per unit (DPU) could be further eroded. The two master leases are at Schenker Megahub (expiring Aug 31, 2016) and Hi-Speed Logistics Centre (expiring Oct
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      • Article
        Lock icon Triyards Holdings | Buy
        250 10  - Triyards Holdings Buy Compiled by Kenneth Lim March 9 close: S$0.43 Target price: S$0.61 OCBC Investment Research, March 9 WE visited the Vietnam yards of Triyards Holdings last week and witnessed good utilisation levels in general amidst its well-organised and well-equipped yards. The group has three sizeable yards in Vietnam,
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    • Article
      Lock icon CALENDAR
      15 10 DATA I9.30pm (March 10) US Initial Jobless Claims I 9.30am (March 10) China CPI
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    • Article
      Lock icon Yen firms, euro retreats before ECB meeting
      424 11 CURRENCIES REUTERS London A MODERATELY risk-averse tone dominated currency markets on Wednesday, with the safe-haven yen broadly higher amid anxiety about a slowdown in China. The low-yielding euro, which tends to do well during times of financial market uncertainty, however, underperformed and was
      REUTERS  -  424 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Mar 9 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.998 4.845 0.678 5.775 50.059 97.738 0.837 9.031 3.067 1.103 77.864 34.847 1.030 11.499 0.742 24.439 26.295 0.524 0.744 Canada 1.002 4.855
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Mar 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0295 1.0309 0.7434 0.7439 Canadian dollar 1.0320 1.0327 0.7452 0.7452 Euro 1.5199 1.5212 1.0975 1.0977 NZ dollar 0.9330 0.9343 0.6737 0.6742 Sterling pound 1.9649 1.9669 1.4188 1.4193
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Mar 9 S$ Bid Offer 1-month 1.3855 1.3865 2-months 1.3865 1.3876 3-months 1.3874 1.3886 6-months 1.3904 1.3917 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        2 11
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      • Article, Illustration
        Lock icon NIKKEI
        1 11
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        Lock icon SHANGHAI COMPOSITE
        2 11
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      • Article, Illustration
        Lock icon DOW JONES
        2 11
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        395 11 Mar 9 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Mar16 9287.50 9310.00 9107.50 9227.50 *****3 *****0 Apr16 9190.00 9220.00 9030.00 9155.00 2554 4503 NIKKEI 225 INDEX FUTURES Mar16 *****.00 *****.00 *****.00 *****.00 *****3 *****8 Jun16 *****.00 *****.00 *****.00 *****.00 *****1 ***** MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        204 11 Most active Mar 9 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left KepCorp MB eCW*****2 13.2 1.6 ***** 0.2 680 9 DBS MB eCW*****1 13.2 0.8 4971 0.1 1480 4 Rowsley Ltd W*****3 1.3 0.1 3671 1 18 7
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 11 In local curr In S$ In US$ dy yr dy yr dy yr Mar 8 Index Change Change Change Change Change Change World Preliminary 1217.9 -0.8 -4.7 -0.2 -6.3 -0.7 -4.0 EAFE Preliminary 938.5 -0.8 -7.4 0.0 -8.1 -0.4 -5.8 Europe Preliminary 1330.1 -0.8 -5.8
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 Mar 9 $S Offer Bid 0vernight 0.05 Par 1-month 1.125 1.000 2-months 1.1875 1.0625 3-months 1.2500 1.1250 Overnight mode: 0.40 US$ 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
        69 11 Mar 9 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.56 100.63 100.61 5-Year NX*****X 2.250 01-Jun-21 102.55 102.65 102.60 10-Year NX*****Z 2.375 01-Jun-25 102.43 102.60 102.45 15-Year NZ*****F 2.875 01-Sep-30 105.05 105.60 105.30 20-Year NZ*****V 3.375 01-Sep-33 111.84
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        251 11 Mar-8 Price Net change change Last Trade Agricultural Mar-8 CBOT Soybeans (US cents/bu) 877.50 4.00 0.46% 14/03/2016 CBOT Soybean Oil (US cents/lb) 30.92 -0.03 -0.10% 14/03/2016 CBOT Wheat (US cents/bu) 461.25 3.50 0.76% 14/03/2016 Mar-8 LIFFE Cocoa (£/tonne) 2196.00 -19.00 -0.86% 14/03/2016 LIFFE Coffee (US$/tonne) 1383.00 19.00 1.39%
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    • Article
      Lock icon SGX MAINBOARD
      1818 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High 153 127 AIMSAMP Cap Reit 134 -0.5 150 134 133 1 8.3 851.4 LOW 175.5 101 ARA Asset Mgmt 113.5cd -1.5 461 114.5 113
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    • Article
      Lock icon SGX CATALIST
      282 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale vol ('000) High Day Low Div C'vr GrYld Net P/E MCap 35 10 t 3Cnergy 10.1 29.5 16.7 t CNMC Goldmine 22.5 -0.5 110 22.5 22.5 3.9 3.4
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    • Article
      Lock icon SGX ETF
      119 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last 107.7 69.1 CIMB APAC Div US$ US76.8 +1.8 6 76.8 76.8 8.1 1440 991 CIMBASEAN40 S$D 1160 -16 0 1160 1160 vol 4258 2355 DBXT China50 US$ US2652 +8
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      217 5 Degussa GOLD UND SILBER. WE WANT YOUR GOLD. With our rich experience in precious metals trading across Europe, you can be confident that you will receive one of the best prices for your gold bars, coins or jewellery. Make an appointment for a private valuation by our experts today. DEGUSSA-PM.SG
      217 words
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  • Page 8 Advertisements
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      53 words
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      4789 9 2. 2.1 2.2 3. 3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 4. 5. 7. 7.1 7.2 8. 8.1 VOLUNTARY UNCONDITIONAL CASH OFFER by CreditSuisse CREDIT SUISSE (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****2363D) for and on behalf of VISION THREE PTE. LTD. (Incorporated in
      4,789 words
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  • Page 12 Advertisements
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      71 12 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
      71 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon HDB rents more resilient than those for apartments, condos
      838 13  -  SRX data shows 3.7% year-on-year drop for HDB units in February, against 5% for non-landed private homes By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore RENTALS of both private apartments/ condos and Housing Development Board (HDB) flats fell in February 2016, SRX Property’s
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    • Article, Illustration
      Lock icon PropNex proposes new way to tweak ABSD
      805 13  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore PROPNEX Realty has proposed a tiered approach to tweaking the additional buyer’s stamp duty (ABSD) in its recommendations on how property cooling measures can be adjusted. Its detailed proposal was released amid increasing calls from the real
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    • Article, Illustration
      Lock icon China housing frenzy spurs fund managers to favour property bonds
      737 14 They believe the government will continue with measures to support the industry BLOOMBERG Shanghai THE home-buying frenzy in Shanghai and Shenzhen is spurring China’s fund managers to load up on property bonds. Yuan-denominated real estate notes returned 2 per cent
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    • Article
      Lock icon Househunt
      1371 14 Property transactions for districts 1 to 28 with contract dates between Jan 27 and Feb 2,2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED The Sail Marina Bay Apt 02/02/2016 99 1647 3200 1943 District 3 NON-LANDED Alexis
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      320 13 Lombok Beachfront Land For Sale Pl»T* Chandran V R CEA Registration Number: RO*****C Chandran.vr@cre.sg Unique 43.6 hectare site for development Praya Barat Daya area with Hak Milik titles Undulating terrain with a beautiful ridgeline Close proximity to Lombok International Airport with totally tarmacked road (30 min) Surrounded by a number
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      262 13 A posh double-storey bungalow with private berth 5 ensuite bedrooms Designed with spacious living and dining hall, ideal for entertaining Sweeping view with double frontage onto waterways Land Area: Approx.1,069.8 sq m Floor Area: Approx.1,152 sq m For further information, please contact Sole Marketing Agent at: Lee Joo Fee: 9115
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      254 13 PRIME RESIDENTIAL SITE FOR SALE BY TENDER AMBER PARK(ESTATE IN FEE SIMPLE) SITE AREA *****.90 sq m (213,675.00 sq ft) DEVELOPMENT BASELINE PLOT RATIO 2.843 NO DEVELOPMENT CHARGE DOUBLE FRONTAGE POTENTIAL FOR 690 UNITS PANORAMIC SEA VIEWS UPCOMING AMBER MRT STATION TENDER CLOSING DATE 23 MARCH 2016 2:30 PM (WEDNESDAY)
      254 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Aussie rates probe risks hobbling benchmark
      1062 15 Transactions used to determine BBSW has dwindled so much that reform is needed to maintain its robustness BLOOMBERG Sydney AUSTRALIA’S securities regulator, suing one of the nation’s biggest banks over alleged interest rate manipulation, risks further deterring the very institutions that are essential to
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,062 words
    • Article
      Lock icon Imports spike raises concerns of China trade invoice manipulation
      871 15 inflating invoices seen as one way to go round strict rules on moving capital BLOOMBERG Hong Kong DAYS after the Switzerland-based Bank for International Settlements played down fears over capital flight out of China, new trade data has put the spotlight
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      799 15 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices Form 14 NOTICE TO CREDITORS OF FIRST MEETING GLOBAL HARVEST TRADING PTE. LTD. (IN COURT WINDING UP) (Co. Reg. No: *****0692H) (Company Winding Up No: 11/2015) (Under the Order for winding up the abovenamed company dated the 6th day of February
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      517 15 Notice of Appointment of a Liquidator under Section 204 of the BVI Business Companies Act. BRENTFORD CAPITAL LTD. (In Voluntary Liquidation) Company No. *****50 NOTICE is hereby given pursuant to Section 204, subsection 1(b) of the BVI Business Companies Act, 2004 that the Company is in voluntary liquidation. The voluntary
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      339 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ARMARDA TECHNOLOGY (SINGAPORE) PTE. LTD. (In Member’s Voluntary Liquidation) Company registration no. *****4433D At an Extraordinary General Meeting of the Company duly convened and held at Suite 605, Ocean Centre, Harbour City, 5 Canton Road, Tsim
      339 words
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  • ENERGY & COMMODITIES
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      68 16 cc Life is not just eating, drinking, television and cinema…The human mind must be creative, must be self-generating; it cannot depend on just gadgets to amuse itself.” Speech at the Chinese New Year and Hari Raya Haji celebrations at Joo Seng Community Centre in 1970 Piquant quotes from Lee Kuan
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      37 16 CAN INDIA WIN T20 WORLD CUP? Former India stars and Singapore fans on the country’s chances BAD TIMES FOR ‘KING OF GOOD TIMES’ GET YOUR COPY TOMORROW TO ADVERTISE: CALL SHAN (*****861) KALWANT (*****327) OR NISHAL (*****438)
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      60 16 FULL-DAY WORKSHOPS A P R 1 6 11M O N D A Y NTUC Trade Union House 9.00am to 5.00pm THE 360 LEADER This workshop is facilitated by a local trainer, accredited by The John Maxwell Company. Trainer Charles Png P R I C E $620.60 To register or find
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon San Francisco tech community facing discontent
      1203 17 This comes as city is bulging at the seams with people, rents are soaring and traffic is slow NYT San Francisco THESE are anxious days in the land of startups. Another few months of tight money and the entrepreneurs and venture capitalists will be
      NYT; PHOTO: NYT  -  1,203 words
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      Lock icon Google sides with Facebook in data dominance probe
      441 17 BLOOMBERG Paris GOOGLE is siding with Facebook Inc amid a brewing antitrust clash over how the social network giant may have abused its power to leverage customer data. Fabien Curto Millet, an economist at Google, told a Paris conference that it’s wrong
      BLOOMBERG; PHOTO: REUTERS  -  441 words
    • Article
      Lock icon ‘Detachables’ the hot new thing in cooling tablet market
      360 17 AFP Washington THE global market for tablet computers will see another decline in 2016, but one bright spot is in “detachables” which are gaining as PC replacements, researchers said on Tuesday. A report by research firm IDC said tablet sales worldwide
      AFP  -  360 words
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  • CONSUMER
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      Lock icon Flipkart’s markdown heralds ‘market detox’
      851 18 Fundraising party winding down after two years of funding boom as investors vied for a piece of India’s mobile-fuelled economy BLOOMBERG Bengaluru CASH-HUNGRY Indian startups like Flipkart are discovering that the fundraising party is winding down. The domestic e-commerce leader became one of the most
      BLOOMBERG; PHOTO: BLOOMBERG  -  851 words
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      Lock icon Ambani foray into TV, telecom may rekindle rivalry with brother
      766 18 Mukesh now plans to spend US$2b in 3 years to capture India’s TV sets: sources REUTERS Mumbai INDIA’S richest man, Mukesh Ambani, is muscling into the country’s cable TV sector as part of a media and telecommunications offensive that pits
      REUTERS; PHOTO: REUTERS  -  766 words
    • Article
      Lock icon FDA deal allows Amarin to promote drug for off-label use
      561 18 NYT New York IN a deal that could change the way some companies market their drugs, the Food and Drug Administration has agreed to allow a pharmaceutical company to promote a drug for a use that the agency has not
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  • Page 18 Advertisements
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      95 18 Confused about the market’s erratic behaviours? Intrigued that some seemingly unknown stocks skyrocketed? In this 3-hour seminar, we will get into the crux of things and share how you can position yourself for gains no matter the market situation! 12th March 2016, Saturday 9am-12pm Registration starts at 8:30am Registeratnotice.shareinvestor.com/unusualmoves(Early Bird
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      26 18 MARCH ISSUE OUT NOW! IN THIS ISSUE 7)8+!***** -4(19(0- -710+4"56( ,17(01 -"55+5)+ BEST MULTI-ROOM ,*****(* Enjoy20% OFFwhen you subscribe to the print edition now! Visit www.hardwaremag.com
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      27 18 ASIA PACIFIC CONGRESS 24 MAY 2016 SINGAPORE www.apcc.sphereconferences.com Wantto be part of APCC 2016, please contact Paul at +65 6848 6058 or email pauKSlsphereconferences.com Organised By: fljSyme
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon ‘Financial market dislocations’ risk growing: IIF report
      641 19  -  More spikes in volatility with deepening monetary policy divergence between Fed and other major central banks By Anthony Rowley btworld@sph.com.sg Tokyo AS financial markets await the outcome of Thursday’s meeting of the European Central Bank (ECB) governing council, the Washington-based Institute of International
      641 words
    • Article
      Lock icon Norwegian sovereign wealth fund suffers worst returns since 2011
      443 19 BLOOMBERG Oslo NORWAY’S sovereign wealth fund, the world’s biggest, had its worst year since 2011 as its equity portfolio delivered its weakest performance in half a decade. The US$830 billion Government Pension Fund Global returned 2.7 per cent in 2015, after
      BLOOMBERG  -  443 words
    • Article, Illustration
      Lock icon Abe suggests higher chance that sales tax increase will be delayed
      766 19 REUTERS BLOOMBERG Tokyo JAPANESE Prime Minister Shinzo Abe said on Wednesday that whether to proceed with a sales tax hike next April would be a “political decision”, suggesting that the chance of delaying it may have increased given overseas
      REUTERS; BLOOMBERG; PHOTO: REUTERS  -  766 words
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      Lock icon Zeti keeps rate at 3.25%, her last before retiring
      580 19 BLOOMBERG Kuala Lumpur MALAYSIA’S central bank governor Zeti Akhtar Aziz made her last scheduled interest rate decision before she exits from an institution she’s led for 16 years. Investors are still in the dark about who will replace her in May.
      BLOOMBERG; PHOTO: REUTERS  -  580 words
    • Article
      Lock icon China plans to centralise commercial paper market
      275 19 REUTERS Beijing CHINA plans to centralise the country’s commercial paper market, central bank vice-governor Pan Gongsheng was quoted by Shanghai Securities News as saying on Wednesday. Commercial paper, sometimes known as corporate bills in China, refers to short-term obligations with maturities typically within
      REUTERS  -  275 words
    • Article
      Lock icon Saudi Arabia seeking up to US$8b bank loan
      293 19 REUTERS Dubai SAUDI Arabia is seeking a bank loan of between US$6 billion and US$8 billion, sources familiar with the matter told Reuters, in what would be the first significant foreign borrowing by the kingdom’s government for over a decade. Riyadh has
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  • TRANSPORT
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      Lock icon New subpoena gives US investigators broad scope in probe against VW
      942 20 Wanted: Info on tax perks given to customers of VW’s diesel cars; French prosecutors also open investigation AFP NYT New York US justice authorities have issued a new subpoena to Volkswagen (VW) over its emissions cheating under laws governing
      AFP; NYT; PHOTO: BLOOMBERG  -  942 words
    • Article
      Lock icon Tiger to launch direct flights to Wuxi in April
      281 20  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore BUDGET carrier Tiger Airways is adding a 10th destination in China, making it the only airline to fly non-stop to Wuxi from Singapore. From Apr 28, it will begin flights to Wuxi, which is also
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    • Article
      Lock icon Changi now offers early check-in option for majority of passengers
      376 20  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore FORTY-eight airlines at Changi Airport are now offering passengers an early check-in option, which is expected to make travelling more convenient for passengers and help the airport run more smoothly. At the beginning of
      376 words
    • Article
      Lock icon Cathay Pacific profit up 90% on tumbling oil prices
      503 20 AFP Hong Kong HONG KONG flag carrier Cathay Pacific said net profit almost doubled last year as tumbling oil prices slashed fuel costs and boosted passenger numbers, although global demand dented the cargo unit. With fuel accounting for a huge chunk
      AFP  -  503 words
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      Lock icon Investor group nominates Bethune to United board
      534 20 BLOOMBERG Chicago TWO United Airlines shareholders will nominate Gordon Bethune, renowned for resurrecting merger partner Continental, as part of an insurgent director slate as the carrier’s top executive returns from a heart transplant. Hedge funds Altimeter Capital Management LP and PAR Capital Management
      BLOOMBERG; BLOOMBERG FILE PHOTO  -  534 words
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      43 20 HOT PROPERTY GOODLUCK GDN. BIG 2bdrm apt facing greenery. 1100 sf, well reno. Bright spacious. MRT. $3.1k PANDAN VALLEY 4+1. 2185sf. P/furn. Full condo facilities. Renovated. Spacious. Immed APARTMENTS FOR RENT! Check out these properties and more in The Straits Times Classified now!
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      936 21 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10 Jul 15 Jul APL Columbus
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  • OPINION
    • Article
      Lock icon Tokyo should jettison nuclear option once and for all
      541 22 EDITORIAL IT is five years almost exactly to the day since March 11, 2011 when a terrifying sequence of events a devastating earthquake, a colossal tsunami and a nuclear meltdown unfolded in rapid succession on Japan’s north-east coast. Those events are
      541 words
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      Lock icon Tax tweaks that help SMEs expand abroad
      1081 22  -  Singapore should raise the Market Readiness Assistance grant by at least doubling the cap and liberalise its unilateral tax credit, among other things. BY HARVEY KOENIG AND ANGELIA CHEW SINGAPORE BUDGET 2016 BY HARVEY KOENIG, ANGELIA CHEW T The writers are partners of
      PHOTO: REUTERS  -  1,081 words
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      Lock icon Making sense of the Trump phenomenon
      914 22  -  THE BOTTOM LINE By Anthony Rowley Tokyo NOW that a (Donald) Trump presidency in the United States is being talked of by some as more of a probability than a possibility, it is surprising that few have been tempted to use the word “trumpery”
      914 words
    • Article
      Lock icon Time for innovative international policy cooperation
      921 23  -  COMMENTARY By Kemal Dervis TThe writer, former minister of economic affairs of Turkey and former administrator for the United Nations Development Programme (UNDP), is a vice-president of the Brookings institution. PROJECT SYNDICATE Washington “Out of ammo?” The Economist magazine recently asked of monetary policymakers.
      PROJECT SYNDICATE  -  921 words
    • Article
      Lock icon Brexit could damage achievements UK takes for granted
      602 23  -  COMMENTARY By Michael Stürmer OMFIF Berlin NO country in Europe has a greater interest than Germany in keeping Britain in the European Union. Industrialists, bankers, politicians, commentators: whatever their differences are, they all see “Brexit” as a mistake of historic proportions. In
      OMFIF  -  602 words
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      Lock icon Delhiites have to keep paying the cost of pollution over the next decade
      1236 23  -  State stalling over the last 20 years robs the city of softer options and time. BY ASIT K BISWAS, CECILIA TORTAJADA TThe writers are, respectively, distinguished visiting professor and senior research fellow at the Lee Kuan Yew
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Was Slimane’s show a swan song?
      981 24  -  No one knows if his recent collection for Saint Laurent will be his last one for the label. BY VANESSA FRIEDMAN BY VANESSA FRIEDMAN NYT Paris IT didn’t feel like a wake although it was, essentially, one long paean to the past. In fact,
      NYT; PHOTO: NYT  -  981 words
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      Lock icon The French style mogul who hates fashion
      702 24 AFP Paris “I DON’T like fashion,” said the French designer Agnes b. For someone who has spent four decades at the top of the fashion tree, it is a curious confession to make. “I like clothes,” she added quickly as she put the
      AFP  -  702 words
    • Article, Illustration
      Lock icon Hang on to the cap after popping the bubbly
      784 24 AFP Reims, France YOU may pop open a bottle of champagne to celebrate something good, and perhaps you will keep the painted metal cap which secured the cork as a wee souvenir of that moment. But for a small but growing
      AFP; PHOTO: AFP  -  784 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      311 24 CRYPTIC CROSSWORD Across 1 For reflection, left a minute in pilgrimage at mausoleum (3,5) 6 River featuring during deputy’s leave (6) 9 Night light is unfinished, causing chaos (6) 10 One offering ‘A stew, sir?’, taking order (8) 11 Marciano cooked food from the old country? (8) 12 Greek man
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