The Business Times, 21 March 2016

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Total Pages: 26
1 26 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES S$1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes CO REGN NO *****2868E MCI (P) 039/08/2015 Monday, March 21, 2016
    22 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    219 1 SMEs’ R&D expenditure rose 38 per cent to a new peak of S$800 million in 2014. TOP STORIES 3 China’s economy is showing signs of improvement while capital outflows from the country are moderating, top Chinese officials say. TOP STORIES /3 Leading economists are warning of the dangers
    219 words
  • Article
    Lock icon Developers sanguine about selling out before ABSD deadlines
    1656 1  -  They are confident of doing so without having to resort to massive price cuts By Lynette Khoo lynkhoo@sph.com.sg @LynettekhooBT Singapore DESPITE much industry lobbying for an extension of deadlines for developers to meet the conditions for additional buyer’s stamp duty (ABSD) remission
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  • Article
    Lock icon Epicentre first S’pore-listed firm to use p2p lending
    519 1  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore MORE listed entities could soon expand their borrowing options to include loans from unregulated peer-to-peer (p2p) lending sites, even as Catalist listing Epicentre Holdings became the first in Singapore to raise at least S$1 million through
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  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 2,906.80 +77.94 KL Comp 1,716.34 +19.80 Nikkei 225 16,724.81 -214.06 Hang Seng 20,671.63 +472.03 Shenzhen B 1,121.17 +36.39 Dow 17,602.30 +388.99
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  • Page 1 Advertisements
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  • TOP STORIES
    • Article, Illustration
      Lock icon The Singapore Budget
      126 2  -  BT Explains position.BY SOON WEILUN Finance Minister Heng Swee Keat will present the 2016 Budget in Parliament on March 24. It is the most important event in Singapore’s fiscal calendar that will see the announcement of policy changes and plans. Amid challenging growth conditions, the government’s position
      Photos: Bloomberg Sources: Ministry of Finance, IMF Fiscal Monitor Oct 2015; BT Graphics: Gareth Chung  -  126 words
    • Article
      Lock icon Help to navigate tough climate among top wishes of business leaders
      777 2  -  They also hope govt will help local enterprises venture abroad, innovate to create value SINGAPORE BUDGET 2016 By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore HELP to navigate the rough economic terrain, nudge small and medium enterprises (SMEs) to scale up
      777 words
    • Article
      Lock icon Built on blind faith in Fed’s power, market rally may be short-lived
      934 2  -  WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg LAST week, stocks rose after the Federal Reserve expressed willingness to suspend its rate hike programme until the outlook brightens, but some warn that the Fed is only delaying inevitable market
      934 words
    • Article, Illustration
      Lock icon SMEs’ 2014 R & D expenditure surges 38% to S$800m
      723 3  - SMEs’ 2014 R D expenditure surges 38% to S$800m This means smaller firms led year’s growth in private-sector R&D spending, which surged to an all-time high of S$5.2b SINGAPORE’S FUTURE ECONOMY By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SOME home-grown firms are spending more than ever on research and development (R&D),
      Source: A*Star  -  723 words
    • Article
      Lock icon China says economy improving, capital outflows cooling
      384 3 REUTERS Beijing CHINA’S economy is showing signs of improvement while capital outflows from the country are moderating, top Chinese officials said on Sunday, seeking to shore up investor confidence after recent market volatility. Chinese leaders have repeatedly tried to reassure jittery financial markets
      REUTERS  -  384 words
    • Article, Illustration
      Lock icon Global agencies to work on improving availability of debt data
      635 4  -  Not all of the global build-up of debt is logged in official data, economists say By Anthony Rowley btworld@sph.com.sg Tokyo LEADING economists are warning increasingly of the dangers posed by a global build-up of debt that has occurred, especially in
      BLOOMBERG  -  635 words
    • Article, Illustration
      Lock icon 1987: Year of market crashes and MRT rollout
      366 4  -  Black Monday reared its ugly head and Singapore saw its first MRT service. BY JACQUELYN CHEOK HAT do household terms Black Monday and the Mass Rapid Transit (MRT) have in common? They both originated in 1987, a remarkable year that saw the
      BT Graphics: Lynette Neo  -  366 words
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  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      35 4 BUDGET 2016 LATEST NEWS, INFOGRAPHICS AND ANALYSIS Follow THE BUSINESS TIMES' coverage at f sr in .1 v ssa Wm mi r# 1 SBi/fl immiiiliiiiiF I 4 a THE BUSINESS TIMES A publication of srfl
      35 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Director buying falls; buyback activity picks up
      1813 5  -  SIA Engineering and SembCorp Marine have been buying back at progressively higher prices this quarter. INSIDE MARKETS BY ROBERT HALILI T The writer is managing director, Asia insider Limited. THE buying fell for the second straight week while the selling among directors was
      1,813 words
    • Article, Illustration
      Lock icon RHT sees growth drivers in India
      977 6  -  Healthcare sector there is nascent, but is growing under the state’s support of private, even foreign, participation. TOP LINE BY LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT THREE factors are going to drive healthcare demand in India: an enormous supply-demand gap of speciality hospitals, rising occurrences of
      PHOTO:ARTHUR LEE  -  977 words
    • Article, Illustration
      Lock icon Black swans and risk management
      985 6  -  Risks posed by third parties are usually not contemplated by most risk management plans, but they could well be the weakest links in the organisation’s defence. BY DAVID CHEW defence.BY DAVID CHEW T The writer is a member of the Corporate Governance Guidebooks Committee of
      BLOOMBERG FILE PHOTO  -  985 words
    • Article, Illustration
      Lock icon STI / Catalist WEEKLY
      63 8 STI Catalist WEEKLY Straits Times Index March 18,2016 2,906.80 +77.94 (+2.76%) Current streak 3 days Week high 2,906.80 Week low 2,839.44 52-week high 3,525.19 (Apr 17, 2015) 52-week low 2,539.95 (Feb 12, 2016) FTSE ST Catalist index March 18,2016 459.39 -12.05 (-2.56%) Current streak 1 day Week high 470.20 Week
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    • Article, Illustration
      Lock icon All eyes on US data out this week
      642 8  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT WHATEVER your view of the effectiveness of central bank action on the economy, or your take on the brand of economics which claims that higher oil prices are better for the economy, earnings and stocks, there’s
      642 words
    • Article
      Lock icon STI STOCKS
      313 8 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 248 +7 248/237 271 209 5.9 6514.3 CapitaLand 317 +5 320/313 379 267 12.7 2.8 *****.4 CapitaMall Trust 214 +3 216/209 228 184.5 5.3 7438.7 CityDev 785 cd +36 785/748 1095 661
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Mar 18 VALUE CLOSE BT OB/OS 189.00 -64.00 BT CADI -*****.00 +38.00 BT 10-day MA -*****.00 +19.00 FTSE ST Mid Cap 693.05 +4.04 FTSE ST Small Cap 403.92 +0.66 FTSE ST All Share 707.40 +7.45 FTSE ST China Top 166.26 +0.70 FTSE ST China 195.84 +0.18 FTSE
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    • Article
      Lock icon MOST ACTIVE
      34 8 VOLUME Ezra 702,111,500 Spackman 464,348,800 Noble 242,415,400 APAC Strategic 208,437,500 Annica 208,121,600 Market volume 8,904,869,000 VALUE DBS Grp 474,824,294 Singtel 411,661,154 OCBC Bank 309,019,629 Keppel Corp 235,650,170 UOB 231,353,845 Market value 5,528,868,000
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share WEEKLY
      36 8 STI FTSE ST All-Share WEEKLY FTSE ST All-Share Index March 18,2016 707.40 +17.32 (+2.51%) Current streak 3 days Week high 707.40 Week low 691.93 52-week high 845.85 (Apr 17, 2015) 52-week low 629.34 (Feb 12, 2016)
      36 words
    • Article, Illustration
      Lock icon STI / MSCI EAFE WEEKLY
      34 8 STI MSCI EAFE WEEKLY MSCI EAFE index March 18,2016 1,660.50 +15.56 (+0.95%) Current streak 1 day Week high 1,663.75 Week low 1,628.64 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 GAINERS
      76 8 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 1206.5 4.6 *****/***** DBXT ASX200 US$ 3502 565.9 13.5 3908/2900 Lyxor Indonesia US$ 8402 537.4 4.9 9094/6250 SPDR DJIA US$ ***** 466.8 2.0 *****/***** DBXT MSKorea US$ 5287 458.7 6.8 6246/4478 BY PERCENTAGE CLOSE UP 52w high/low Ziwo 4.8
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    • Article
      Lock icon LOSERS
      79 8 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -116.7 -0.7 *****/***** DBXT S&P Short US$ 2124 -42.1 -1.4 2393/2086 Courage Marie 97 -32.0 -24.8 130/10 OKH Global 35 -18.5 -34.6 75/35 DBXT Vietnam US$ 2215 -16.3 -0.5 2786/2017 BY PERCENTAGE CLOSE DOWN 52w high/low OCBC Bk MBeCW*****6 0.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      80 8 VOL CLOSE($) CHANGE ChinaSing Inv 120.1 0.031 +0.022 +244.44 Kitchen Culture 40.0 0.280 +0.035 +14.29 ISR Capital 53,500.1 0.005 -0.001 -16.67 Infinio 500.2 0.003 +0.002 +200.00 HLH 69,179.9 0.006 -0.001 -14.29 Europtronic 19,982.5 0.002 -0.001 -33.33 Attilan^ 7,902.0 0.003 -0.002 -40.00 Tung Lok Rest 98.0 0.095 +0.006 +6.74
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    • Article, Illustration
      Lock icon Raw sugar hits over one-year high, arabica coffee ends week up 7%
      443 8 COMMODITIES REUTERS New York RAW sugar futures hit their highest level in more than a year before closing down as traders booked profits after a fourth straight week of gains, and arabica coffee rose to a five-month peak
      REUTERS; PHOTO: BLOOMBERG  -  443 words
    • Article
      Lock icon SGX ETFS Most Active
      109 8 Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 291 +8 1648 291/283 355/254 290/291 DBXT MSAsExJp US$ US3163 +104 1379 3167/3163 4064/2772 3184/3195 7.3 IS MS INDIA US$ US648 +9 894 650/630 819/575 648/650 81 DBXT MSBrazil US$ US292 +5 597 302/262
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    • Article
      Lock icon COMPANY MEETINGS
      125 8 COMPANY MEETING PLACE DATE TIME Yuuzoo Corp S Conference Room 20 Science Park (Lvl 1) Teletech Park 21-Mar 1.00pm Envictus Intl Hldgs E Crystal Suite (Lvl 2) Holiday Inn S'pore Orchard City Centre 11 Cavenagh Road 23-Mar 10.30am Qian Hu Corp A No. 71 Jalan Lekar 23-Mar 11.00am
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      125 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 111,358 6,175 117,533 399,963 1,224 401,187 Manufacturing 761,604 640,497 1,402,101 584,272 15,740 600,012 Commerce 418,063 297,914 715,977 468,728 9,959 478,687 Tpt/Stor/Comms 1,176,368 5,260 1,181,628 1,007,489 436 1,007,925 Finance 315,512 395 315,907 1,083,876 49 1,083,925 Construction
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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 17 1 0 0 1 0 17 2 0 Manufacturing 76 53 18 9 12 14 85 65 32 Commerce 33 26 12 6 8 6 39 34 18 Tpt/Stor/Comms 21 13 4
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    • Article
      Lock icon GameStop attracts large investors as shorts back off
      569 9 Thanks to retailer’s new strategy, analysts see revenue on track for fourth straight year of growth San Francisco GAMESTOP, one of the most shorted US stocks, has started to attract institutional buyers and dissuade some traders betting against it as it fights
      569 words
    • Article
      Lock icon PRIME LENDING RATES
      240 9 Mar 18 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications 5.50 Bangkok Bank Public Co. Ltd .6.00 Bank of China Limited Bank of Tokyo-Mitsubishi Bank of Communications Banque Internationale a Bank of East Asia
      240 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1722 9 Payment Ex Rec Pay Ann (cts) date date date date 8Telecom Intl Hldgs by 448.600 22-Mar 24-Mar 15-Jul 17-Mar Adv Integrated Mfg Corp ak 1.150 17-May 19-May 27-May 07-Mar AEM Hldgs Ltd ak 1.000 12-May 16-May 27-May 24-Feb AIMS AMP Cap Ind dq 2.650 04-Feb 10-Feb 23-Mar 28-Jan
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1273 9 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (times) Accordia Golf Trt 1.00 1.00 1 0.08 7.60 0.85 0.64 AIMS AMP Cap Industrial Reit 1.50 1.50 1 0.11 12.27 1.47 1.35 ARA Asset Mgt 1.50 1.50 1 0.09
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    • Article
      Lock icon Signs are flashing that dollar plunge has gone too far, too fast
      481 10 CURRENCIES BLOOMBERG Toronto THE dollar’s third straight weekly decline is triggering signals that the US currency weakness may be overdone. The greenback has gone from beating its major peers last year to losses against every one of those
      BLOOMBERG  -  481 words
    • FOREX RATES
      • Article
        Lock icon US$/S$ FORWARD RATES
        22 10 Mar 18 S$ Bid Offer 1-month 1.3575 1.3582 2-months 1.3580 1.3589 3-months 1.3586 1.3595 6-months 1.3606 1.3617 Source: OCBC
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 10 Mar 18 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0349 1.0357 0.7626 0.7628 Canadian dollar 1.0424 1.0432 0.7683 0.7681 Euro 1.5311 1.5320 1.1282 1.1284 NZ dollar 0.9250 0.9260 0.6816 0.6820 Sterling pound 1.9599 1.9613 1.4442 1.4446
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      • Article, Illustration
        Lock icon DOW JONES
        3 10 WEEKLY
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      • Article, Illustration
        Lock icon NIKKEI
        2 10 WEEKLY
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE WEEKLY
        4 10 COMPOSITEWEEKLY
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      • Article, Illustration
        Lock icon HANG SENG
        3 10 WEEKLY
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 10 Mar 18 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.993 4.934 0.676 5.916 50.838 100.143 0.849 8.865 3.095 1.119 79.836 35.363 1.035 11.658 0.739 24.670 26.588 0.528 0.763 Canada 1.007 4.970
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        214 10 Mar 18 Prem Expiry Wk Vol Conv Exer Disc Gear- Mths Company Last Sale +or-('000) Ratio Price ing Left CSC Holdings W*****9 1.1 0.3 ***** 1 1 5 1.82 57 Asia-Pacific Strategic W*****9 0.3 unch ***** 1 1 86 2.33 56 Ntegrator Intl Ltd
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 10 In local curr In S$ In US$ dy yr dy yr dy yr Mar 18 Index Change Change Change Change Change Change World Preliminary 1244.6 0.2 -2.6 0.6 -5.4 0.1 -1.1 EAFE Preliminary 946.3 -0.1 -6.6 0.3 -7.5 -0.2 -3.3 Europe Preliminary 1344.5 0.1 -4.8
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        380 10 Mar 18 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Mar16 9475.00 9617.50 9432.50 9575.00 *****5 *****6 Apr16 9397.50 9537.50 9350.00 9490.00 ***** ***** NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 *****0 *****7 Sep16 *****.00 *****.00 *****.00 *****.00 108 575 MSCI TAIWAN
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 10 Mar 18 $S Offer Bid 0vernight 0.08 0.03 1-month 1.000 0.875 2-months 1.1875 1.0625 3-months 1.2500 1.1250 Overnight mode: 0.25 US$ 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 10 Mar 18 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.68 5-Year NX*****X 2.250 01-Jun-21 102.71 102.85 102.65 10-Year NX*****Z 2.375 01-Jun-25 102.91 103.15 103.00 15-Year NZ*****F 2.875 01-Sep-30 105.76 106.00 105.71 20-Year NZ*****V 3.375 01-Sep-33 112.03 112.45 112.00
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 10 Mar-18 Price Net change change Last Trade Agricultural Mar-18 CBOT Soybeans (US cents/bu) 897.50 -0.25 -0.03% 13/05/2016 CBOT Soybean Oil (US cents/lb) 33.42 0.01 0.03% 13/05/2016 CBOT Wheat (US cents/bu) 463.00 0.50 0.11% 13/05/2016 Mar-18 LIFFE Cocoa (£/tonne) 2256.00 -4.00 -0.18% 13/05/2016 LIFFE Coffee (US$/tonne) 1447.00 19.00 1.33%
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    • Article
      Lock icon SGX MAINBOARD
      2227 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E $mil Company Last Sale vol ('000) High 153 127 AIMSAMP Cap Reit 135 unch 1123 135 133 1 8.2 857.7 Low 175.5 101 ARA Asset Mgmt 119cd +4 4365 120 115.5
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    • Article
      Lock icon SGX CATALIST
      363 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale Vol 4 1.7 t Acesian Partners 3 unch 120 3 3 4.1 10.5 1 0.2 t Advanced Systems 0.3 unch 5042 0.3 0.2 7.9 Week Low Div C'vr
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    • Article
      Lock icon SGX ETF
      179 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter 163 97 CIMB APAC Div S$D 107 +6.4 10 107.9 107 Sale 1440 991 CIMBASEAN40 S$D 1190 +30 0 1190 1184 1039 700 CIMBASEAN40 US$ US867 +31 5 867 838
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      238 5 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
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      Lock icon Page 7 Advertisements Column 1
      1204 7 COMPRISING OUE HOSPITALITY REAL ESTATE INVESTMENT TRUST OUE HOSPITALITY BUSINESS TRUST S$0.54 DISCOUNTto pre-announcement closing price of 29.4% S$0.765 per Stapled Security on 7 March 2016 SUBSCRIBE NOW A real estate investment trust constituted on 10 July 2013 under the laws of the Republic of Singapore, managed by OUE Hospitality
      1,204 words
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  • Page 9 Advertisements
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  • Page 11 Advertisements
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      71 11 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
      71 words
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  • REAL ESTATE
    • Article
      Lock icon Starwood signs deal to manage hotels in Cuba
      745 12 Deal creates deepest ties so far between a US company and the Cuban govt since Mr Obama announced diplomatic thaw between the countries in December 2014 NYT Mexico City STARWOOD Hotels and Resorts is set to become the first American hospitality chain
      NYT  -  745 words
    • Article, Illustration
      Lock icon China property tycoon Wang Jianlin eyes sporting trophy
      517 12 AFP Shanghai CHINA’S richest man, Wang Jianlin, has built a US$100 billion business empire founded on shopping malls, but now he has set his eyes on a new trophy building a global sports conglomerate to match his country’s economic and political might.
      AFP; PHOTO: AFP  -  517 words
    • Article
      Lock icon NY’s housing authority cooperating in ‘very expansive’ federal inquiry
      551 12 NYT New York THE leader of the New York City Housing Authority said last Friday that her staff had turned more than 400 million records over to federal prosecutors who are reviewing tenant health and safety conditions as they try to
      NYT  -  551 words
    • Article, Illustration
      Lock icon After stellar boom, UK housebuilders face tougher progress
      666 12 REUTERS London BRITISH housebuilders might be witnessing more signs that their share prices are overheating after a blistering four-year rally with negative bets against Berkeley surging, while “Brexit” concerns could further hit the sector. The British property market has been fuelled by
      REUTERS; PHOTO: BLOOMBERG  -  666 words
    • Article
      Lock icon British Columbia readies new rules to tackle ‘shadow flipping’
      217 12 REUTERS Vancouver BRITISH Columbia pledged on Friday to crack down on real estate contract assignments dubbed “shadow flipping” by local media in a new effort to help cool down red hot housing markets, particularly in the Vancouver area. Shadow flipping is
      REUTERS  -  217 words
  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      33 12 PAYA UBI INDUSTRIAL PARK LEASE SALE Located at Ubi Avenue 1 1,168 to 7,500 sq ft Own parking space (not inclusive in listed area) Tel: 9090 2222 Office: 53 Ubi Avenue 1 #01-11
      33 words
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon Four horsemen of January apocalypse unsaddled
      1969 13  -  The reality on China, oil prices, the US economy, and the EU has lifted markets. BY MARK TINKER markets.BY MARK TINKER T The writer is head of AXA IM Framlington Equities Asia THE S&P 500 is now up four weeks in a row. While
      PHOTO: REUTERS  -  1,969 words
    • Article
      Lock icon Cracking the income statement code
      971 13  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore IN our previous column on March 14, we discussed the process of stock research. Today, we continue with a basic reading of the first financial statement investors tend to look at: the income statement. The example we are using
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  • Page 13 Advertisements
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      113 13 GET STARTED NOW Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      113 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon BUDGET WISH LIST
      3508 14 THIS WEEK’S TOPIC: As a business leader, what would you like to see in the upcoming Budget? Toby Koh Group Managing Director Ademco Security Group THE push for Singapore companies to go international is vital for our growth and to nurture our SMEs into large regional players.
      PHOTO: BLOOMBERG  -  3,508 words
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  • Page 15 Advertisements
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      28 15 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
      28 words
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      Lock icon Page 15 Advertisements Column 2
      71 15 The full list of views from CEOs is available at http://businesstimes.com.sg 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
      71 words
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      Lock icon Page 15 Advertisements Column 3
      63 15 Baby Baby Exhibition 10-12 June 2016 Singapore EXPO Hall 3 7 Afll I" <-V Sell your brand, products services directly to over 70,000 new and expecting parents in June 2016! Book your space now! Mr Jeffrey Foo 9008 9391 jefffoo@sph.com.sg Ms Sharifah Fadlia 9005 3451 sfadlia@sph.com.sg Organised by: For more
      63 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon ECB bond plans liven up corporate debt market
      773 16 Volume of new corporate, bank issues on Wednesday hits highest level since May 2001 AFP Paris THE European Central Bank’s plan to buy corporate bonds to help the eurozone economy is boosting the pri-vate-sector debt market which promptly responded with a new
      AFP; PHOTO: AFP  -  773 words
    • Article
      Lock icon Bangladesh bank heist exposes Philippine dirty money secrets
      730 16 AFP Manila WHEN mystery hackers launched a stunning raid on Bangladesh’s foreign reserves, a plot worthy of a John le Carre spy novel was sparked in the Philippines, exposing the South-east Asian nation as a dirty money haven. The US$81 million stolen
      AFP  -  730 words
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      2515 16 United Industrial Corporation Limited (Incorporated in Singapore) (Company Registration No. *****0181E) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 54 th Annual General Meeting ("AGM") of United Industrial Corporation Limited ("the Company") will be held at Pan Pacific Hotel Singapore, Pacific 3, Level 1,7 Raffles Boulevard, Marina
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon China shifts axed miners to jobs in farming, forestry
      967 17 While the move may keep unemployment rates under check, it could also mean a step down in quality of living, reduced spending power REUTERS Shuangyashan, China ANTICIPATING millions of layoffs from bloated state-owned coal and steel companies, Chinese authorities are shunting
      REUTERS; PHOTO: REUTERS  -  967 words
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      Lock icon Up to US$2b loss for generators as US homes get solar panels
      753 17 WP Washington WITH more than a million US houses set to have solar panels by the end of next month, grid managers serving the eastern US plan to cut the amount of electricity they buy from conventional plants
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      Lock icon Canada delays decision on Petronas LNG project
      420 17 REUTERS Ottawa A MAJOR liquefied natural gas export project in Canada ran into another delay on Saturday when the federal environmental assessment agency was granted an extra three months to finish an impact study. The Malaysian state-owned oil giant Petronas and its partners
      REUTERS; PHOTO: REUTERS  -  420 words
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      458 17 Mermaid Maritime Public Company Limited 4 (Reg. No. **********017) Mermaid Maritime Public Company Limited *****111 iijomifl jjiiItoj rinVi (whitu) (Reg. No. **********017) INVITATION TO SINGAPORE SHAREHOLDERS’ FORUM 2016 INVITATION TO SINGAPORE SHAREHOLDERS’ FORUM 2016 Mermaid Maritime Public Company Limited (“Mermaid”) cordially invites its shareholders to a!end the Mermaid Maritime Singapore
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      149 17 Pre-register your visit online before 31 March 2016 for a full waiver of the SGD80 admission fee. FHA BOIE The Most Comprehensive International Food and Hospitality Trade Show in Asia Singapore Expo Hall 1-9 Annex www.foodnhotelasia.com Pro Wine G Find us: Food&HotelAsia International Trade Fair for Wines and Spirits Singapore
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  • TECHNOLOGY
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      Lock icon Apple aims to bolster its line-up with new iPhone, iPad models
      816 18 Firm is widely expected to release on Monday a small-screen iPhone to encourage replacement of 5S, 5C versions AFP San Francisco NEW iPhone and iPad models likely to be unveiled on Monday are aimed at helping Apple keep momentum
      AFP; PHOTO: AFP  -  816 words
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      Lock icon Away from Wall St, DIY quants changing financial markets
      1396 18 WP Washington IN THE high desert plain of New Mexico, Roger Hunter monitors automated trades on hog futures and currency pairs. Four computer screens display a dizzying array of price charts and program codes in the office of his single-storey, thatched
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      Lock icon Facebook’s CEO meets propaganda czar in China charm drive
      406 18 REUTERS Beijing FACEBOOK’S co-founder and CEO Mark Zuckerberg met China’s propaganda tsar Liu Yunshan in Beijing on Saturday as part of a charm offensive in one of the few markets where the social network cannot be accessed. The rare meeting, reported
      REUTERS  -  406 words
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  • CONSUMER
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      Lock icon Japan’s apparel industry in hi-tech bid to secure future
      771 19 AFP Tokyo FROM ready-to-wear knits manufactured instantly to customised dresses produced on inkjet printers, Japan’s apparel industry is turning to state-of-the-art technology in a bold bid to cut labour costs and secure its future. At manufacturing giant Shima Seiki’s factory in
      AFP; PHOTO: AFP  -  771 words
    • Article
      Lock icon Hon Hai seeks to reduce price it pays for Sharp: report
      562 19 This is due to concerns about potential liabilities and future earnings; terms with banks are also being renegotiated BLOOMBERG Tokyo HON HAI Precision Industry Co is seeking to reduce the amount it pays for Sharp Corp due to concerns
      BLOOMBERG  -  562 words
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      Lock icon Telecom Italia CEO to step down: sources
      463 19 REUTERS Milan TELECOM Italia chief executive Marco Patuano is stepping down, four sources close to the matter said on Saturday, ending weeks of speculation about his future as top shareholder Vivendi tightens its grip. Mr Patuano’s resignation will be formalised in the next
      REUTERS; PHOTO: REUTERS  -  463 words
    • Article
      Lock icon Hidden rebates mask true prices of pharmaceutical drugs in the market
      731 19 WP Washington COMPETITION can work in the pharmaceutical industry in counter-intui-tive ways: New drugs typically enter the market with higher price tags than existing medications, and then all the prices rise. In the case of Gleevec, a breakthrough cancer
      WP  -  731 words
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      712 19 NOTICES In the Matter Of The Companies Act, Cap. 50 And In The Matter Of ENVIS GROUP PTE LTD Reg. No. *****3594Z NOTICE OF CREDITORS’ MEETING PURSUANT TO SECTION 296 OF THE COMPANIES ACT, CAP. 50 NOTICE IS HEREBY GIVEN that pursuant to Section 296 of the Companies Act, Cap.
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  • GOVERNMENT & ECONOMY
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      Lock icon Corporate debt too high, warns PBOC chief
      728 20 China must develop more robust capital markets, which will help reduce leverage in the corporate sector and boost equity financing, says central bank governor Beijing PEOPLE’S Bank of China governor Zhou Xiaochuan sounded a warning over rising debt levels, saying corporate lending as
      PHOTO: REUTERS  -  728 words
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      Lock icon What China’s leaders can learn from US post-Civil War surge
      1035 20 BLOOMBERG Washington CHINA’S shift from super-charged economic growth to a more moderate pace has drawn plenty of comparisons, most often with Japan, which lost its economic dynamism as its population aged, asset bubbles burst and export prowess faded. Some China
      BLOOMBERG  -  1,035 words
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      Lock icon Obama’s historic Cuba trip ends half a century of conflict
      575 20 AFP Havana US President Barack Obama was due in Cuba on Sunday to bury the hatchet in a more than half-century-long Cold War conflict that turned the communist island and its giant neighbour into bitter enemies. Reversing generations of US
      AFP; PHOTO: AFP  -  575 words
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      Lock icon Hong Kong’s pro-democracy group Scholarism dissolves
      185 20 BLOOMBERG Hong Kong HONG Kong pro-democracy group Scholarism has dissolved more than a year after the student group’s protests against the government sparked the city’s biggest challenge to Chinese rule since it was returned in 1997. Scholarism, which was among the leaders of Hong
      BLOOMBERG  -  185 words
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  • Article
    Lock icon Trump candidacy stirs alliance angst in Japan
    628 21 Candidate has criticised US security union with Tokyo REUTERS Tokyo US presidential candidate Donald Trump’s portrayal of Japan as a free-rider on security is stirring worries in Tokyo about damage to its US alliance, and could embolden hard-liners keen to bolster Japan’s military
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    Lock icon Iran’s leaders offer different visions for nation’s economy
    471 21 REUTERS AFP Dubai IRAN’S two most powerful figures offered contrasting visions for the economy in speeches marking Iranian new year on Sunday, with Supreme Leader Ayatollah Ali Khamenei calling for self-reliance and President Hassan Rouhani urging cooperation with the world. In Nowruz
    REUTERS; AFP; PHOTOS: BLOOMBERG, AFP  -  471 words
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      4139 21 M1 LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****6031W) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 14th Annual General Meeting of the ordinary shareholders of the Company will be held at The Fullerton Hotel Singapore, Ballroom 2, Lower Lobby, 1 Fullerton Square, Singapore
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  • TRANSPORT
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      Lock icon Investigators probe south Russia flydubai crash that killed 62
      715 22 Emergency workers at the site have wrapped up salvage operation AFP Rostov-on-Don, Russia INVESTIGATORS in southern Russia on Sunday were probing the causes of a flydubai passenger jet crash that killed all 62 people on board, as emergency workers at the
      AFP; PHOTO: REUTERS  -  715 words
    • Article
      Lock icon Grief-stricken Germanwings families plan US suit
      690 22 AFP Berlin THE grief of families who lost loved ones when a suicidal co-pilot crashed a Germanwings plane into the French Alps has long turned to anger, a year after the tragedy that claimed 150 lives. Many relatives have banded together with plans to
      AFP  -  690 words
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      Lock icon Will Cuba steal cruise ships from its neighbours?
      907 22 BLOOMBERG Dallas IF YOU’RE one of the big US cruise lines preparing to steam to Cuba, you’re giddy over a long-forbidden, culturally rich port of call to offer customers. If you’re one of the Caribbean islands that rely on hordes of American
      BLOOMBERG; PHOTO: REUTERS  -  907 words
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      Lock icon Gloom deepens in VW’s home town, six months after ‘Dieselgate’
      1021 22 REUTERS Wolfsberg, Germany WHEN Martin Winterkorn dropped by to order some new glasses in the Volkswagen company town of Wolfsburg, he was “visibly dejected”, according to his optician. But the visit wasn’t last September, when Mr Winterkorn had just quit
      REUTERS  -  1,021 words
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      1157 23 THE BUSINESS TIMES Shipping times MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL KUC KK SUR JKT POSITIVE PASSION 74 100 30/3 31/3 2/4 PRECIOUS CORAL 005 60 2/4 3/4
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      356 23 C a i l a n E n n o r e J e d d a h B r i s b a n e Shanghai Chittagong Ho Chi Minh H o J e b e l A l i n g NYK RORO (ASIA) PTE. LTD. K o
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      665 23 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 FAUST FF613 08/03 12/03 14/03 16/03 22/03 28/03 TAMESIS FF614 19/03 23/03 25/03 27/03 31/03 07/04 FIDELIO FF616 09/04 18/04 15/04 13/04
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  • DINING OUT
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      Lock icon Shoukouwa’s raw appeal
      1048 24  -  The restaurant’s strength lies in its top quality ingredients, thanks to daily deliveries from Tsukiji market. market.BY JAIME EE NEW RESTAURANT Shoukouwa 1 Fullerton Road #02-02A One Fullerton Tel: 6423 9939 Open for dinner only Tuesday to Sunday: 6pm to 11 pm. (Closed on March 22 due
      PHOTOS: JAIME EE  -  1,048 words
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      186 24 In Street Smarts, Jim Rogers shares his investment experiences in stocks, currencies, gold, properties etc. He talks about the observations made and lessons learnt for each investment type. The techniques which can be used to foretell the future market trend are mentioned in the book as well. We can learn
      186 words
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      17 24 Organised By Block 8 Lorong Bakar Batu, #07-07 Singapore *****3 Tel: (65) 6848 5938 Email: SGPFair@bizlink.com.sg SingaporeGiftsandPremiumsFair
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      53 24 There is a man who carries a red box everywhere he goes. 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 Metro step up efforts to attract more foreigntourists To subscribe, call 6388-3838 or
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  • LIFE & CULTURE
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      Lock icon Rosberg beats Hamilton to win Australian GP
      820 25 It is a fourth straight win for the German; Sebastian Vettel finishes third in incident-packed season opener AFP Melbourne NICO Rosberg capitalised on a slow start off pole by world champion teammate Lewis Hamilton and superior tyre strategy over Ferrari to win the
      AFP; PHOTO: REUTERS  -  820 words
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      Lock icon Founder of Japan’s first US$1b startup travelled round the world
      948 25 BLOOMBERG Tokyo IN 2012, Shintaro Yamada was 34 years old, single and frustrated with his job. So he quit a comfortable position in Tokyo and set out to see the world. He made a point of travelling on the cheap
      BLOOMBERG; PHOTO: BLOOMBERG  -  948 words
    • Article
      Lock icon Fantasy sports games make a play for legitimacy in US
      576 25 WP Richmond, Virginia FANTASY sports, the lucrative online industry that blends virtual worlds with professional sports, was looking for an easy target and found one in Virginia. Conditions were favourable: Virginia has no casinos or entrenched gaming interests to throw
      WP  -  576 words
  • Page 25 Miscellaneous
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      337 25 CRYPTIC CROSSWORD Across 1 Writers in Old English with identical magic words (4,6) 6 Prepare again to go around German river (4) 9 Obscure relation meeting a king or queen (7) 10 Award given out with thanks for unprocessed information (3,4) 12 Terrible ladies’ man, sort to show ineptitude (13)
      337 words
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  • TOP OF THE LEAGUE
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      Lock icon Aiming to be one of the big boys
      869 26  -  HOPE Technik is making its mark on the global stage with its innovative engineering. ENGINEERING engineering.BY FRANCIS KAN A DEBATE has been raging over the need to make engineering cool ever since Prime Minister Lee Hsien Loong talked about its importance to
      869 words
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