The Business Times, 15 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 Tuesday, March 15, 2016
    22 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    220 1 Domestic non-oil exports, and hence the manufacturing sector, are expected to remain subdued over the coming year, according to a report which also posits that Singapore’s economic growth is unlikely to hit 3.3 per cent until 2018. TOP STORIES/ 2 Companies that anchor their “pioneering activities” in Singapore
    220 words
  • Article
    Lock icon MARKETS
    27 1 Monday Change STI 2,847.06 +18.20 KL COMP 1,700.31 +3.77 NIKKEI 225 17,233.75 +294.88 HANG SENG 20,435.34 +235.74 SHENZHEN B 1,100.80 +16.02 DOW (10:45am EST) 17,210.37 -2.94
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  • Article
    Lock icon Insurance rider premiums on the rise as claims continue to climb
    593 1  -  Of the 5 Integrated Shield Plan insurers, only Great Eastern and NTUC Income will not be raising rider premiums for now By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE pressure of rising claims continue to weigh on the five Integrated
    593 words
  • Article, Illustration
    Lock icon Weak growth in 2015 to dent government revenue
    938 1  -  SINGAPORE BUDGET 2016 By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore WEAKER economic growth last year will not only dent the government’s budget in financial year 2015, but it will also likely result in a hangover for its coffers in this coming financial year.
    Ministry of Finance  -  938 words
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      Lock icon Page 1 Advertisements Column 1
      48 1 *****1 *****1 AUTOMATION PBA Group to open non-profit robotics hub SME 24 OYSTER PERPETUAL GMT-MASTER II IN IS CT WHITE GOLD ROLEX EMPEROR WATCH AND JEWELLERY THE SHOPPING GALLERY AT THE HILTON, #01-03/04. TEL: S737 2896 WISMA ATRIA, #02-40/41-44, TEL: 6694 5712 WATCH FEATURED SUBJECT TO STOCK AVAILABILITY
      48 words
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      Lock icon Page 1 Advertisements Column 2
      26 1 HOCK LOCK SIEW A new chapter for Tiger Airways COMPANIES MARKETS 6 US ELECTIONS Beware the ‘Ides of March’: last chance to stop Trump opinion 20
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      Lock icon Page 1 Advertisements Column 3
      10 1 T For more of our Budget 2016 coverage, visit bt.sg/budget_16
      10 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon S’pore becoming more reliant on services sector
      631 2  -  ICAEW says the manufacturing sector is expected to remain subdued during the coming year and reckons that economic growth is unlikely to hit 3.3 per cent until 2018 By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore DOMESTIC non-oil exports and hence the manufacturing sector are
      PHOTO: AFP  -  631 words
    • Article, Illustration
      Lock icon More tax breaks for firms that anchor pioneering activities in Singapore
      622 2  -  Firms that are awarded pioneer certificate will get maximum tax relief period of 15 years for each activity PARLIAMENT By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore COMPANIES that anchor their “pioneering activities” in Singapore which bring significant benefits to the
      622 words
    • Article
      Lock icon Majority of S’poreans back Founders’ Memorial
      471 2  -  By peckming@sph.com.sg Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore Eight in 10 Singaporeans polled favour building a founders’ memorial to mark the values and ideals that underpin Singapore’s rise. And of the two site options for the memorial, the committe in charge prefers Gardens by
      471 words
    • HOUSE BRIEFS
      • Article
        Lock icon David Ong’s seat declared vacant
        73 2 The Bukit Batok single seat ward previously held by People’s Action Party (PAP) Member of Parliament David Ong has been officially vacated. Speaker of Parliament Halimah Yacob said on Monday that she has received and accepted Mr Ong’s resignation. Mr Ong, a 54-year-old second-term MP,
        73 words
      • Article
        Lock icon New ERP system meant for congested roads
        93 2 while the next-generation Electronic Road Pricing (ERP) system slated for implementation from 2020 allows for islandwide coverage, the current policy is to price only congested roads, said Transport Minister Khaw Boon wan. The technology of the new system would allow the government to
        93 words
      • Article
        Lock icon PRs who finish NS not guaranteed citizenship
        83 2  -  By Lee U-Wen Singapore citizenship is not guaranteed for permanent residents (PRs) who have finished their National Service (NS), said Parliamentary Secretary for Home Affairs Amrin Amin. While they still have to apply, it is a “plus factor” in the evaluation process if
        83 words
    • Article
      Lock icon Two men fined $3.98m each for duty and GST evasion
      332 2 STRAITS TIMES ONLINE Singapore TWO men were fined S$3,984,000 each for fraudulent evasion of duty and Good and Services Tax (GST), Singapore Customs announced in a press release on Monday. Singapore Customs said the total duty and GST involved was
      STRAITS TIMES ONLINE  -  332 words
    • Article, Illustration
      Lock icon Bullion back in fashion against paper money
      787 4  -  Wide acceptance of negative interest rates and sharp EM currency devaluation help drive up gold prices By Anthony Rowley btworld@sph.com.sg Tokyo US presidential candidate Donald Trump has been derided for (among other things) his apparent desire to return the United States to some
      PHOTO: REUTERS  -  787 words
    • Article
      Lock icon Wages in Japan need to rise for Abenomics to work, says IMF
      585 4  -  By btworld@sph.com.sg Anthony Rowley btworld@sph.com.sg Tokyo ABENOMICS needs a “fourth arrow” an official policy to boost wages that will work in tandem with other stimulus policies being implemented under the original three arrows, the International Monetary Fund (IMF)
      585 words
    • Article, Illustration
      Lock icon Local spice and nut trader folds, owner declared bankrupt
      430 5  -  Pars Ram Brothers said to owe money to between 10 and 17 banks; owner’s wife and son also made bankrupt By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore A PROMINENT business leader within the local Indian community and his family have been declared
      FILE PHOTO  -  430 words
    • Article, Illustration
      Lock icon The Malaysian Insider ceases operations with immediate effect
      828 5  -  Lack of commercial support and monthly losses of about RM2m cited; run-ins with the authorities also hurt negotiations to sell news portal By Pauline Ng btworld@sph.com.sg Kuala Lumpur CITING monthly losses of about RM2 million (S$668,260) and the lack of commercial support,
      PHOTO: CHINA PRESS  -  828 words
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      Lock icon Page 3 Advertisements Column 1
      105 3 BOSS MADETO MEASURE Tailoring at its finest, made in Germany. W Ls t t Dedicated to individuality and sartorial perfection, every piece is unique, uniting unmistakable quality with modern individuality. Engineered with passion and precision at the HUGO BOSS headquarters in Germany, MADE TO MEASURE is a celebration of the
      105 words
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      450 4 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
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      Lock icon Page 4 Advertisements Column 2
      930 4 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices USP GROUP LIMITED (FORMERLY KNOWN AS UNIONMET (SINGAPORE) LIMITED) (Incorporated in the Republic of Singapore on 21 July 2004) (Company Registration No. *****9104W) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined, all capitalised terms used herein shall bear the same meaning
      930 words
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      97 5 Asia Pacific 16-18 March 2016 MARITIME Hal1 A> B c d, e f Marina Bay Sands, Singapore Asia's Premier Marine, Workboat Offshore Exhibition and Conference deling Mar\o e Tough times never last, tough people and true friendships do. Make friends at APM 2016 1,500 exhibitors 17 official pavilions 15,000 industry
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon A new chapter for Tiger Airways
      1073 6  -  HOCK LOCK SIEW BY NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT TWELVE years after its launch, Tiger Airways is coming home as it becomes a fully owned subsidiary of parent group, Singapore Airlines (SIA). When the budget airline took to the skies in 2004 with a list
      ST FILE PHOTO  -  1,073 words
    • Article, Illustration
      Lock icon Ascott Reit acquires second New York hotel
      574 6  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore ASCOTT Reit has bought a hotel in downtown New York City for US$ 158 million. It said in an announcement on Monday that this would enlarge the US portfolio to a tenth of Ascott Reit’s total asset
      574 words
    • Article
      Lock icon Keppel Land seeks to cancel remaining shares
      334 6  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore KEPPEL Land will kick-start a selective capital reduction exercise aimed at cancelling all of the remaining shares that external shareholders still hold. If approved, the S$47.9 million exercise will eliminate the shares that are currently held by
      334 words
    • Article
      Lock icon Temasek, GIC among investors in Alibaba’s logistics arm
      246 6 REUTERS Shanghai THE logistics arm of Alibaba Group Holding Ltd has completed a funding round, China’s biggest e-commerce company said on Monday. Investors in the funding round of Cainiao include Singapore’s Temasek Holdings and GIC Pte Ltd, Malaysia’s Khazanah Nasional Bhd, and
      REUTERS  -  246 words
    • Article, Illustration
      Lock icon Maybank Singapore to grow retail SME business
      526 8  -  It aims to expand loan portfolio to businesses with revenues of up to S$20m by 40% By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore MAYBANK Singapore has laid out an aggressive plan to target smaller businesses in Singapore, as it aims to grow this loan
      ST FILE PHOTO; BT FILE PHOTO  -  526 words
    • CORPORATE DIGEST
      • Article
        Lock icon Hu Ann Cable Holdings
        166 8 HU AN Cable Holdings has been granted a three-month extension by the Singapore Exchange (SGX) on the release of the company’s financial results for FY2015. This is in view of focusing resources to obtain the relevant approvals required for the asset disposal and shares transfer, thus
        166 words
      • Article
        Lock icon Dyna-Mac
        87 8 dyna-mac Holdings said in response to a query from SGX that it is unaware of any information concerning its company, subsidiaries or associated companies which might explain the unusual trade volume movements in its shares on Monday. The offshore engineering company’s shares rose by 1.9 Singapore cents to 17.5
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      • Article
        Lock icon Sabana Shari’ah Compliant Industrial Reit
        80 8 SABANA Shari’ah Compliant Industrial Real Estate Investment Trust has completed the S$38 million divestment of its property in Pandan Loop on Monday. Sales proceeds will be used for repaying outstanding borrowings, said the Reit’s manager, Sabana Real Estate Investment Management, in an announcement. The manager
        80 words
    • Article
      Lock icon Discrepancies found in Trek 2000 unit’s sale transaction documents
      289 8  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore DOCUMENTATION deficiencies have been found in relation to certain sale transactions between one of Trek 2000 International’s subsidiaries and a customer, said Trek 2000 on Monday, in an update to a statement issued in the
      289 words
    • Article
      Lock icon Bond trading set to surge in 2016: Morgan Stanley
      499 8 BLOOMBERG New York MORGAN Stanley, one of the Wall Street banks that deals directly with the Federal Reserve, cut its bond yield forecasts for 2016 and said the US central bank will wait until December before raising interest rates. “The global
      BLOOMBERG  -  499 words
    • Article
      Lock icon Starwood Hotels gets rival bid from Anbang consortium
      364 8 BLOOMBERG REUTERS Berlin STARWOOD Hotels Resorts Worldwide Inc, which is being bought by Marriott International Inc, has received a separate, unsolicited takeover proposal from a group of companies led by China’s Anbang Insurance Group Co. The proposal is for US$76 per share
      BLOOMBERG; REUTERS  -  364 words
    • Article
      Lock icon Noble seeking renewal of loans without further asset sales: source
      457 8 REUTERS London TRADING house Noble Group is under no pressure from banks to sell assets and is not planning further divestments as it negotiates more than US$4 billion of new and refinanced loans with lenders, a senior source close to
      REUTERS  -  457 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 10 STI Catalist Straits Times Index March 14,2016 2,847.06 +18.20 (+0.64%) Current streak 2 days Day high 2,867.20 Day low 2,841.51 52-week high 3,539.95 (Apr 15, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index March 14,2016 469.78 -1.66 (-0.35%) Current streak 1 day Day high 474.95 Day low
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    • Article
      Lock icon GAINERS
      75 10 BY CENTS CLOSE UP 52w high/low DBXT ASX200 US$ 3491 558.3 13.2 3908/2900 DBXT MSKorea US$ 5130 248.9 3.7 6246/4478 DBXT MSEurope US$ 5308 221.4 3.1 6300/4770 DBXT Nifty50 ETF10 ***** 213.2 1.4 *****/***** DBXT MSJAP US$ 4642 132.0 2.1 5277/4031 BY PERCENTAGE CLOSE UP 52w high/low Casa 10.5
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    • Article
      Lock icon LOSERS
      79 10 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -97.6 -0.6 *****/***** JSH USD 2850 -31.6 -0.8 3578/2524 DBXT S&P Short US$ 2145 -13.8 -0.5 2393/2086 IS ASIA HYG US$ 1031 -12.4 -0.9 1130/977 Courage Marie 119 -10.0 -7.8 130/10 BY PERCENTAGE CLOSE DOWN 52w high/low Jubilee Ind w*****9
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    • Article
      Lock icon UNUSUAL ACTIVITY
      79 10 VOL CLOSE($) CHANGE HuanHsin 520.0 0.020 +0.009 +81.82 JEP 6,792.2 0.038 +0.009 +31.03 KimHeng Offshore 3,117.1 0.110 +0.019 +20.88 SHC Capital Asia 334.3 0.140 +0.020 +16.67 IEV 72,460.9 0.114 +0.017 +17.53 Dyna-Mac 12,397.9 0.169 +0.013 +8.33 ChinaSing Inv 100.2 0.009 -0.006 -40.00 Koda 91.0 0.390 +0.020 +5.41 CSC
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    • Article, Illustration
      Lock icon STI gains 18 points on cautious optimism
      672 10  -  This comes ahead of a week packed with policy signals from Bank of Japan, the Federal Reserve and Bank of England STOCKS By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT TRADERS demonstrated “cautious bullishness” on Monday, buoyed by last Friday’s gains on Wall Street and ahead
      Source: Bloomberg  -  672 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 241 unch 241/238 271 209 6.1 6330.4 CapitaLand 314 +2 317/313 379 267 12.6 2.9 *****.1 CapitaMall Trust 211 unch 214/210 228 184.5 5.3 7334.5 CityDev 758 cd +9 763/753 1095 661
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    • Article
      Lock icon MOST ACTIVE
      34 10 VOLUME Ezra 135,198,700 IEV 72,460,900 OEL 41,558,100 Addvalue Tech 39,591,600 Spackman 38,036,200 Market volume 1,550,518,000 VALUE DBS Grp 110,010,538 Singtel 83,556,170 OCBC Bank 59,474,468 Keppel Corp 43,106,916 UOB 35,673,249 Market value 979,681,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      78 10 Mar 14 VALUE CLOSE BT OB/OS 472.00 +15.00 BT CADI -*****.00 +16.00 BT 10-day MA -*****.00 +47.00 FTSE ST Mid Cap 681.46 +1.42 FTSE ST Small Cap 401.63 +0.69 FTSE ST All Share 693.65 +3.57 FTSE ST China Top 164.12 +1.24 FTSE ST China 195.08 +0.83 FTSE
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    • Article
      Lock icon SGX ETFs
      110 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 286 +3 389 287/285 355/254 285/286 IS MS INDIA US$ US643 +4 81 646/643 827/575 643/646 80.4 DBXT MSRussia US$ US182 +2 56 182/181 235/129 180/181 Nikko AM STI ETF 291 +3 27 292/290
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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 14,2016 693.65 +3.57 (+0.52%) Current streak 4 days Day high 697.92 Day low 692.98 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 10 STI MSCI EAFE MSCI EAFE index Mar 11,2016 1,644.94 +32.79 (+2.03%) Current streak 1 day Day high 1,647.79 Day low 1,608.84 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 6 2 1 0 0 9 6 2 Manufacturing 44 41 24 5 9 9 49 50 33 Commerce 24 16 12 4 5 4 28 21 16 Tpt/Stor/Comms 16 13 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,496 721 19,217 71,887 151 72,038 Manufacturing 184,482 34,158 218,640 97,209 1,357 98,565 Commerce 91,294 80,350 171,644 76,034 2,734 78,768 Tpt/Stor/Comms 216,802 300 217,102 183,373 24 183,397 Finance 42,466 374 42,840 219,893 46 219,939 Construction
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    • BROKERS’ TAKE
      • Article
        Lock icon Sembcorp industries | Buy
        151 10 Sembcorp industries Buy Target price: S$3.21 March 14 close: S$3.08 OCBC investment Research, March 14 Since our Jan 29, 2016 sector report in which we highlighted the undervaluation of Sembcorp Industries’ (SCI) utilities segment, its share price has appreciated by 35 per cent, compared to the STI’s 10 per cent
        151 words
      • Article
        Lock icon Del Monte Pacific | Hold
        316 10  - Del Monte Pacific Hold Compiled by Andrea Soh Target price: S$0.39 March 14 close: S$0.325 DBS Group Research, March 14 We maintain our “Hold” recommendation on DMPL but with a higher target price of S$0.39 as we roll forward our valuations based on average of FY16F/17F earnings. While we expect
        316 words
    • Article
      Lock icon CALENDAR
      8 10 DATA IMarch 15 Singapore retail sales index
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    • Article
      Lock icon US$ ticks up against euro; focus on Fed meeting
      387 11 CURRENCIES REUTERS London CURRENCY markets were off to a relatively quiet start on Monday, stabilising after last week’s wild swings as investors geared up for Japanese and US central bank policy meetings that could offer them fresh direction. There are also
      REUTERS  -  387 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Mar 14 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.000 4.891 0.676 5.843 50.559 98.268 0.856 8.937 3.089 1.120 78.786 35.079 1.036 11.573 0.742 24.604 26.464 0.524 0.753 Canada 1.000 4.893
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Mar 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0355 1.0363 0.7530 0.7532 Canadian dollar 1.0359 1.0368 0.7535 0.7532 Euro 1.5316 1.5326 1.1137 1.1139 NZ dollar 0.9245 0.9253 0.6723 0.6725 Sterling pound 1.9757 1.9773 1.4367 1.4371
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Mar 14 S$ Bid Offer 1-month 1.3757 1.3767 2-months 1.3765 1.3774 3-months 1.3772 1.3783 6-months 1.3796 1.3808 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
        386 11 Mar 14 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Mar16 9190.00 9422.50 9185.00 9255.00 *****8 *****1 Apr16 9120.00 9340.00 9115.00 9167.50 7248 7188 NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 ***** *****1 Sep16 *****.00 *****.00 *****.00 *****.00 5 453 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        212 11 Most active Mar 14 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****9 0.2 -0.1 ***** 1 1 71 3.50 56 Ntegrator Intl Ltd W*****3 0.5 0.1 8960 1 1 -6 3.20 32 DBS MB eCW*****1 13.6
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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 11 Index Change Change Change Change Change Change World Preliminary 1234.5 1.5 -3.4 1.1 -5.6 1.6 -2.4 EAFE Preliminary 949.3 1.7 -6.3 1.5 -7.3 2.0 -4.2 Europe Preliminary 1346.9 2.4 -4.7
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 Mar 14 $S Offer Bid 0vernight 0.10 0.01 1-month 1.125 1.000 2-months 1.1875 1.0625 3-months 1.2500 1.1250 Overnight mode: 0.45 US$ 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 14 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.51 100.63 100.60 5-Year NX*****X 2.250 01-Jun-21 102.26 102.55 102.29 10-Year NX*****Z 2.375 01-Jun-25 101.35 102.00 101.70 15-Year NZ*****F 2.875 01-Sep-30 103.65 104.50 103.88 20-Year NZ*****V 3.375 01-Sep-33 109.86
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        251 11 Mar-11 Price Net change change Last Trade Agricultural Mar-11 CBOT Soybeans (US cents/bu) 888.00 6.25 0.71% 14/03/2016 CBOT Soybean Oil (US cents/lb) 31.93 0.52 1.66% 14/03/2016 CBOT Wheat (US cents/bu) 469.75 -1.75 -0.37% 14/03/2016 Mar-11 LIFFE Cocoa (£/tonne) 2232.00 -7.00 -0.31% 14/03/2016 LIFFE Coffee (US$/tonne) 1402.00 25.00 1.82%
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    • Article
      Lock icon SGX MAINBOARD
      1808 12 Transaction date: Mar 14 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last vol Day Div GrYld 153 127 AIMSAMP Cap Reit 133.5 -1.5 223 134.5 133.5 1 8.3 848.2 MCap 175.5 101 ARA Asset Mgmt 118cd +3
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    • Article
      Lock icon SGX CATALIST
      239 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last Vol Day Div GrYld Net MCap High LOW Company Sale ('000) High Low C'vr P/E 29.5 16.7 t CNMC Goldmine 22.5 -1 660 23.5 22.5 3.9 3.4 6.1 91.7 3.5
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    • Article
      Lock icon SGX ETF
      158 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter 163 97 CIMB APAC Div S$D 107.9 +7.3 10 107.9 107.9 Sale 1440 991 CIMBASEAN40 S$D 1190 +30 0 1190 1184 vol 4258 2355 DBXT China50 US$ US2735 +51 2
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      1335 7 BMO Bank of Montreal A Canadian corporation founded in 1817 Head Office: 100 King Street West, 1 First Canadian Place, 21st Fir, Toronto ON M5X 1A1 2015 Consolidated Financial Statements (in million Canadian dollars) Consolidated Balance Sheet Consolidated Statement of Comprehensive Income For the Year Ended October 31 2015 2014
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  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      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!
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  • REAL ESTATE
    • Article, Illustration
      Lock icon China Overseas Land in 31b yuan deal to buy Citic’s property assets
      629 13 Move will help the state-owned property developer secure land amid rising prices CHINA DEALS REUTERS BLOOMBERG Hong Kong CHINA Overseas Land Investment (COLI) is buying the residential real estate business of conglomerate Citic for 31 billion yuan (S$6.6
      REUTERS; BLOOMBERG; PHOTO: BLOOMBERG  -  629 words
    • Article, Illustration
      Lock icon China Vanke brings in Shenzhen Metro as ‘white knight’ in up to US$9.3b deal
      615 13 REUTERS Hong Kong CHINA Vanke Co Ltd, the mainland’s biggest property firm, signed a deal worth up to US$9.3 billion that could make subway operator Shenzhen Metro Group its biggest investor, intensifying a battle for control
      REUTERS  -  615 words
    • Article, Illustration
      Lock icon Property swap is constructive reform
      353 13  -  BREAKINGVIEWS By Una Galani REUTERS Hong Kong CHINA’S big property swap suggests Beijing is getting serious about making its giant state firms more focused. Citic, a conglomerate which dabbles in everything from finance to football, is offloading most of its mainland residential property to a
      REUTERS  -  353 words
    • Article, Illustration
      Lock icon Much uncertainty about Vanke’s rescue plan
      376 13  -  BREAKINGVIEWS By Peter Thal Larsen REUTERS Hong Kong CHINA Vanke has found a saviour. After months of uncertainty, the property developer has unveiled a plan to sell a stake to Shenzhen’s metro operator in return for assets worth up to US$9.3 billion. The deal
      REUTERS  -  376 words
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      210 13 SINGLE STOREY COLD STORAGE FACILITY FOR SALE cc o H o LU 2 2 O o DC < 0. o 2 O cc D Aar—*—* SUBJECT PROPERTY o < O DC O INTERNATIONAL ROAD Located in Chin Bee Food Zone along Quality Road Site Area: Approx. 185,961 ft 2 GFA:
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      133 13 2Owncars? If you're looking for a landed home with a large enough driveway, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-*****88. RARE EXCLUSIVE GOOD CLASS BUNGALOW LAND SITES AT CAMDEN PARK fit r r 1 1' T <i A i I Site A:
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      187 13 Light Industrial off Paya Lebar For Lease 4 savills Excellent location Bare/Fitted Mins walk to MRT Surrounded with lifestyle amenities Good specifications building Corporate image Good loading facilities Dominic Peters I Sharon Chan 9825 2101 9112 2063 CEAReg. No. R*****1G I CEA Reg. No. R*****1D SavillS.COm.Sg EA Lie No. L*****88B
      187 words
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  • BANKING & FINANCE
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      25 14 Astory about a box that holds big dreams for a little country Now available in Chinese Now on sale at all major bookstores and www.stpressbooks.com.sg
      25 words
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      47 14 HOT PROPERTY NEW LIST! HAJI Lane fashion street! 2nd floor. Near to North Bridge Road. 818 sqft neg. PEOPLE'S PARK COMPLEX #01 concourse 150-200sf. Good human traffic. Avail immed. LOOKING FOR SHOP SPACES TO RENT? Check out these properties and more in The Straits Times Classified now!
      47 words
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      28 14 SRX PROPERTY MAGAZINE SRX.com.sg Find the Right Home at the Right Price Buying Opportunities Property Outlook 2016 ?l m i Download at srx.com.sg/property-magazine i i jwn r* ik
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Stricken US shale producers shift up a gear
      737 15 They are pushing fracking methods to new extremes to get more oil out of their wells as prices stay low REUTERS New York FIFTY-STAGE frack jobs. Fifteen-foot cluster spacing. More than 2,000 pounds of proppant concentrate per foot. Top US shale producers
      REUTERS; PHOTO: REUTERS  -  737 words
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  • TECHNOLOGY
    • Article
      Lock icon App Annie betting on South-east Asia and India
      700 16 The startup collates data on apps how often they are used and revenue generated to offer to clients BLOOMBERG Singapore A SINGAPOREAN shophouse may seem an unlikely symbol of Asia’s mobile boom. Yet one muggy evening in March, about a hundred people
      BLOOMBERG  -  700 words
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      Lock icon Online harassment must be met head-on: tech summit panel
      406 16 REUTERS Austin, Texas ONLINE harassment and sexism is demeaning women and can no longer be brushed aside as an ugly side of social media and the gaming industry if they are to thrive, panellists on Saturday said at the South By
      REUTERS; PHOTO: REUTERS  -  406 words
    • Article
      Lock icon Yahoo CEO hopes to stay in job even if company changes hands
      214 16 WP San Francisco MARISSA Mayer is hopeful of keeping her job leading Yahoo Inc even if the struggling Web pioneer changes hands. Under pressure from investors and facing a potential proxy fight, the chief executive officer has pledged
      WP  -  214 words
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      1239 16 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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      62 16 9ns 77K ASIA’S LARGEST EDUCATIONAL KIDS’ FAIR YB-20 MARCH 2016""SINGAPORE EXPO HALL UAM-9PM*FREE ADMISSION JOIN US FOR NON-STOP FUN <c EXCITEMENT FOR THE WHOLE FAMILY! sSvs-'C' MEET GREET WITH YO-KAI WATCH, PEPPA PIG, MY LITTLE PONY <c TRANSFORMERS win from $20,000 worth of Lucky Praw Prizes! see you there! For
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      58 16 FULL-DAY WORKSHOPS 2016 MARCH SERIES M A R 1 6 31THURSDAY SPH News Centre 9.30am to 6.00pm OVERCOMING THE PETER PRINCIPLE: ACHIEVING CONSISTENCY IN CAREER PERFORMANCE Trainer Daniel Theyagu Early Bird by 26 Mar$489 Price From 27 Mar$589 Productivity and Innovation Credit (PIC) Claimable To register or find out more
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  • CONSUMER
    • Article, Illustration
      Lock icon India’s cough syrup ban hits Pfizer, Abbott units
      504 17 Their products are among 344 fixed-dose combination drugs prohibited by regulators REUTERS Mumbai PFIZER Inc and Abbott Laboratories on Monday said they would comply with a ban on a popular cough syrup in India after it was added to a local list
      REUTERS; PHOTO: BLOOMBERG  -  504 words
    • Article
      Lock icon Ex-Johnson & Johnson chairman Ralph Larsen dies
      279 17 Ex-Johnson Johnson chairman Ralph Larsen dies NYT New York RALPH S Larsen, who as chief executive of Johnson Johnson oversaw a series of acquisitions that turned the company into a multinational giant, died on Wednesday at his home in Naples, Florida. He was 77. His son, Garret, confirmed the death.
      NYT  -  279 words
    • Article
      Lock icon Instacart gets Pepsi, Doritos to pay shoppers’ delivery fees
      621 17 Delivery startup works with goods makers to cover costs and offer discounts WP New York ONLINE shoppers hate paying delivery fees. So Instacart Inc is getting Pepsi to foot the bill. The grocery delivery startup is working with General Mills, Nestlé,
      WP  -  621 words
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      2636 17 THOMSON PLAZA(301 Upper Thomson Road) Approx. 0.23km from New Upper Thomson MRT SIM LIM SQUARE(1 Rochor Canal Road) Approx. 0.12km from New Rochor MRT 7 Adjacent Shop Units Total Strata Area 5102 sqft Tenanted to Key F&B Anchor Tenant Huge Development Potential 4 Shop Units Total Strata Area 1614 sqft
      2,636 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon ‘Supply-side reform’ is buzz phrase at China’s annual parliament
      851 19 But slogan means different things to different people, raising risk of wasteful spending by provincial authorities REUTERS Beijing TO some, it means upgrading China’s ubiquitous hole-in-the-wall noodle shops, to others, it is manufacturing high-tech toilet seats. “Supply-side reform” is the buzz
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    • Article
      Lock icon Myanmar bourse to get first listing on March 25
      425 19 REUTERS Yangon MYANMAR’S new stock exchange plans its first listing on March 25, the deputy finance minister told Reuters, more than three months after it was launched. The country’s economy was devastated by nearly 50 years of military rule. Rapid reforms
      REUTERS  -  425 words
    • Article
      Lock icon France sends in heavyweights in bid for Aussie submarine deal
      475 19 REUTERS Canberra FRANCE has sent its largest business delegation in nearly two decades to Australia, touting the economic benefits of its bid for the A$50 billion (S$51.7 billion) contract to build a fleet of 12 stealth submarines for Australia. Executives
      REUTERS  -  475 words
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      Lock icon Japan core machinery orders up in January but underlying trend is flat
      443 19 Tokyo JAPAN’s core machinery orders jumped in January, inflated by large orders from the steel industry, but economists say excluding this factor orders were probably flat from the previous month. The 15.0 per cent monthly rise in core
      PHOTO: REUTERS  -  443 words
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      Lock icon India may need extra 250 billion rupees for proposed pay hike
      532 19 BLOOMBERG New Delhi PRIME Minister Narendra Modi’s administration plans to ask Indian lawmakers later this year for about 250 billion rupees (S$5 billion) more to cover a proposed salary increase, according to Finance Ministry officials with knowledge of the
      BLOOMBERG  -  532 words
    • Article
      Lock icon Malaysia signs bank access pacts with Thailand, Philippines
      245 19 REUTERS Kuala Lumpur MALAYSIA’S central bank said on Monday it has signed agreements with its counterparts in Thailand and the Philippines on market access and operational flexibility for lenders, as the Asean countries move towards an integrated banking market. The Association of
      REUTERS  -  245 words
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  • OPINION
    • Article
      Lock icon US should okay TPP deal before next president takes office
      545 20 EDITORIAL On the eve of last Tuesday’s primaries in Michigan, pundits expected Democratic front-runner Hillary Clinton to come out as a winner in that Midwestern state, while speculating that Republican John Kasich, the governor of the neighbouring state of Ohio,
      545 words
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      Lock icon Beware the ‘Ides of March’: last chance to stop Trump
      1340 20  -  If the Republican front-runner wins all or most of the races on Tuesday, that would provide him enormous momentum and could drain the energy from the campaigns of his party rivals By Leon Hadar Washington “BEWARE the Ides of March,”
      PHOTO: REUTERS  -  1,340 words
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      Lock icon India’s Internet startups come down to earth
      871 20  -  THE BOTTOM LINE By Yogi Aggarwal T The writer is a Mumbai-based journalist. THE Internet startup space in India, which enjoyed an unprecedented boom in the last two years, has now come down to earth as investors focus on building more sustainable businesses.
      871 words
    • Article
      Lock icon EU leaders gear up for landmark migration deal
      1026 21  -  COMMENTARY By Andrew Hammond TThe writer is an associate at LSE IDEAS (the Centre for International Affairs, Diplomacy and Strategy) at the London School of Economics. EU leaders convene on Thursday for a crucial two-day summit which will seek to end what
      1,026 words
    • Article
      Lock icon Brexit may be just the catalyst needed for real EU reform
      724 21  -  COMMENTARY By Brian Reading T The writer is an advisory board member of the Official Monetary and Financial institutions Forum (OMFIF), an independent research and advisory group on international economic and financial issues, and a former economic adviser to
      OMFIF  -  724 words
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      Lock icon Giving the financial services sector a timely tax boost
      1420 21  -  More can be done to help cement Singapore’s standing as the leading financial centre in Asia. SINGAPORE BUDGET 2016 BY ANUJ KAGALWALA, TREVINA TALINA T The writers are respectively partner (financial services) and manager (financial services) at PricewaterhouseCoopers GHRS Pte Ltd,
      PHOTO: REUTERS  -  1,420 words
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  • Page 22 Advertisements
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      929 22 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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  • LIFE & CULTURE
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      Lock icon Margaux 2015 vintage marks chateau’s bicentennial, Norman Foster winery
      971 23 The likely quality of the new wine will set the Medoc estate further apart from other vineyards BLOOMBERG London CHATEAU Margaux’s 2015 vintage going on sale this spring will mark the Medoc estate’s completion of a new winery by British architect
      BLOOMBERG; PHOTO: BLOOMBERG  -  971 words
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      Lock icon From budding artist to model student
      440 23  -  Former beneficiary of The Business Times Budding Artists Fund also owns his own production company By Grace So graceso@sph.com.sg Singapore A FORMER beneficiary of The Business Times Budding Artists Fund (BTBAF) Vishnucharan Naidu s/o Vijayan received the Model Student Award from Singapore Polytechnic (SP)
      440 words
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      Lock icon Singer turns her modest act into a stirring breakthrough
      826 23 NYT Gaza City, Gaza Strip RAWAN Okasha pushed aside the black curtains, her large kohl-lined eyes scanning the two-storey theatre packed with people. Then she did something that no other woman has done in public in Gaza for nearly a decade:
      NYT; PHOTOS: NYT  -  826 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      300 23 CRYPTIC CROSSWORD Across 1 Running commercial vehicles on initially tight allowance (14) 9 Comic strip duck in tub (7) 10 Prohibits importing German sausages (7) 11 Earnest opera singer making a comeback (4) 12 Nevertheless halt sale, silly me! (3,3,4) 14 Very great number heading off after start of migration
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  • SME
    • Article, Illustration
      Lock icon PBA Group to open non-profit robotics hub
      1360 24  -  Aim is to let smaller firms learn about and test out robots. BY GRACE SO graceso@sph.com.sg Singapore-based pba (Precision Bearings and Automation) Group plans to open a non-profit robotics hub in June that will help smaller business and factory owners understand more about
      PHOTO: YEN MENG JIIN  -  1,360 words
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      Lock icon Smart ways to future-proof your business
      937 24  -  By Matthew Johnston The writer is general manager, systems information management, Asia-Pacific and Japan, at Dell Software AS Singapore embarks on its journey to becoming the world’s first Smart Nation, companies are slowly catching on to how technology is able to empower their businesses.
      FILE PHOTO  -  937 words
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      107 24 I IN-TUNE WHERE LEADERS SPARK Bringing SME Leaders together to: Cultivate CONVERSATIONS Discuss IDEAS Build PARTNERSHIPS NETWORKS Date Time: 31 March 2016 3pm to 5pm (Registration commences from 2.30pm) Venue: Devan Nair Institute for Employment and Employability 80 Jurong East Street 21 Level 1, Hall 3 Singapore *****7 For more
      107 words