The Business Times, 26 March 2016

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Microfilm: NL33803
Total Pages: 35
1 28 The Business Times
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      64 1 LivingBTTHE BUSINESS TIMES WEEKEND MARCH 26-27 2016 INDIE HARVEST New grocery stores reap rewards with lesser-known artisanal brands L2-5 STYLE Luxe brands shake things up L10-11 DESTINATION DINING Culinary high points in Sydney L6-8 DESTINATION DINING Noma Sydney ups the ante L9 PHOTO: RYAN’S GROCERY WELLNESS New health/weight regimens L12-13
      64 words
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      199 2 / 3 Fill your heart with happiness, and your camera with memories. Chan Brothers Eggs-Traordinary Travel Fair 26 Mar (Sat) 11am 9pm Suntec Singapore Level 4 Hall 404 Free Admission Enjoy Full-day Sigatoka River Safari Combo Tour with Lunch Fly by Fiji Airways Inaugural Flight on 6 Apr Fiji Island Hopping Return
      199 words
  • LIVING
    • Article, Illustration
      Lock icon INDIE HARVEST
      3665 2 / 3  -  They may be small but independent grocery stores are reaping the rewards of giving consumers greater variety by bringing in lesser-known, artisanal brands. By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT Little Farms banks on artisanal crowd-pullers Little Farms 491 River Valley Road, #01-20, Valley Point Shopping Centre Opening hours:
      PHOTOS: RYAN’S GROCERY; PHOTO: LITTLE FARMS; PHOTOS: TAY SUAN CHIANG; PHOTOS: THE FRENCG GROCER  -  3,665 words
    • Article
      Lock icon wine & dine
      259 4 / 5 wine dine with BTWeekend Pan Pacific Orchard 10 at Claymore RoadZ6831-6686 Easter Gastronomic Brunch This Easter Sunday indulge in a gastronomic Brunch with an array of chilled seafood on ice featuring Maine Lobster, Alaskan Snow Crab Leg and South American Queen Roe Scallop, freshly shucked oysters, roast carvings of Blackmore
      259 words
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  • DESTINATION DINING
    • Article, Illustration
      Lock icon Rustic romp in Sydney
      3411 6 / 7  -  The capital of New South Wales a hipster culinary hub is now seeing a shift towards more artisanal F&B and food producers, gentrified neighbourhoods and more exciting fine dining. By Jaime Ee By Jaime Ee Cornersmith 314 Illawarra Rd, Marrickville ALEX Elliot-Howery and James Grant are
      PHOTOS: VANESSA MILES, CARRIAGEWORKS FARMERS' MARKET, JAMES HORAN, ACME RESTAURANT, DESTINATION NSW  -  3,411 words
    • Article, Illustration
      Lock icon Redzepi’s culinary theatre in Sydney
      1085 8 / 9  -  Dining at Noma Sydney is a mind-boggling experience as Rene Redzepi explores and celebrates native ingredients in his own unique style. By Jaime Ee By Jaime Ee I ADORE Rene Redzepi. For him, I would eat ants. No other chef can make me do that.
      PHOTOS: NOMA, JAIME EE  -  1,085 words
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  • STYLE
    • Article, Illustration
      Lock icon BIG BRAND BUZZ
      1391 10 / 11  -  The retail climate might be anaemic, but luxe brands are banking on clients getting more bang for their buck with blockbuster collaborations, high-profile boutique makeovers and even posh new stores. By May Yip WITH a check-in system that required the flashing of an exclusive QR code for
      PHOTOS: YEN MENG JIIN; PHOTOS: HUGO BOSS, ION ORCHARD  -  1,391 words
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  • WELLNESS
    • Article, Illustration
      Lock icon Holistic living
      1641 12 / 13  -  With new research in the biotech and medical fields and a growing awareness that health is wealth, Singaporeans can look forward to new procedures aimed at enabling them to live healthier and more balanced lives. By Cheah Ui-Hoon and Rachel Loi By Cheah Ui-Hoon, Rachel Loi BODY TALK
      1,641 words
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  • MOTORING
    • Article, Illustration
      Lock icon From boy to man
      717 14  -  The Mini Clubman has grown in size and now sits squarely in the compact premium segment. By Samuel Ee By Samuel Ee samuelee@sph.com.sg IT may sound like an oxymoron but the new Clubman is a pretty big Mini. So big that it is not only the
      717 words
    • Article, Illustration
      Lock icon A NEW DAWN
      606 15 The Rolls-Royce Dawn showcases its diverse qualities in one consummate convertible. By Samuel Ee samuelee@sph.com.sg I T may not be the fastest or the biggest Rolls-Royce but it is the most special model the ultra-luxury marque says it has ever made. The iconic British manufacturer arguably makes
      606 words
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  • BT CORPORATE GOLF LEAGUE 2016
    • Article, Illustration
      Lock icon All set for another round
      814 16  -  BT Corporate Golf League will once again bring together top executives on the fairways. By Justine Moss THE dates for this year’s The Business Times Corporate Golf League have been confirmed, and a number of new and familiar team names have signed up early to
      814 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon PM Lee starts week-long visit to US
      575 2  -  He will meet S’poreans in New York, attend Nuclear Security Summit in Washington By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore PRIME Minister Lee Hsien Loong is on a week-long working visit to the United States, his second trip there this year after he spent
      PHOTO: REUTERS  -  575 words
    • Article
      Lock icon PBOC Chongqing’s RMB move expected to boost yuan flows with Singapore
      546 2  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore IN a move seen as boosting cross-border yuan flows between Singapore and Chongqing, the People’s Bank of China Chongqing Operations Office (PBOC Chongqing) on Friday announced it will allow eligible corporates and individuals
      546 words
    • Article
      Lock icon Income tax relief cap stirs debate on fairness
      994 3  -  Some wonder if it will discourage high-income women from having children, while others note the move won’t affect most people By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore THE government’s move to cap personal income tax relief at S$80,000 stirred a debate over whether
      994 words
    • Article, Illustration
      Lock icon Nurturing innovation and value creation
      1165 4  -  singapore budget 2016 By By Chris Woo and Liam Collins Mr Woo is tax leader, and Mr Collins is head of global structuring, at PwC Singapore LATE last year, Finance Minister Heng Swee Keat observed that Singapore needs to shift from a value-adding economy to
      PHOTO: MARK CHEONG/ THE STRAITS TIMES  -  1,165 words
    • Article, Illustration
      Lock icon Great expectations for the future
      1129 5  -  SINGAPORE BUDGET 2016 By By Russell Aubrey, Sandie Wun ~The writers are respectively a tax partner and a tax director at Ernst Young Solutions LLP BUDGET 2016 is a first on several counts: It is the first Budget announced in the term of the new
      PHOTO: KUA CHEE SIONG/THE STRAITS TIMES  -  1,129 words
    • Article
      Lock icon Stronger consumer spending pushes Q4 GDP growth to 1.4%
      522 6 Corporate profits down for second straight quarter, hit by strong dollar and cheap oil LATEST US DATA Reuters Washington US economic growth slowed in the fourth quarter of 2015, but not as sharply as previously estimated, with fairly strong consumer spending
      Reuters  -  522 words
    • Article, Illustration
      Lock icon Frequency of terrorist attacks having negative impact on global tourism
      833 7  -  Airlines, hotels and travel agencies in Belgium suffer cancellations, like Paris did months ago By Neil Behrmann btworld@sph.com.sg London THE frequency of terrorist atrocities is beginning to have a depressing impact on the US$7.8 trillion global tourism industry. The Brussels
      PHOTO: REUTERS  -  833 words
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      196 3 THE TIMES OF INDIA Presents REALTY INDIA EXP0 2016 FREE ENTRY If you are looking at investing in India, this is an event not to be missed! to PARTICIPATING CITIES Chennai Bangalore Pune Delhi Mumbai Kerala Coimbatore Thane Gurgaon Noida Bhopal Ahmedabad Mangalore Hyderabad Andhra Pradesh MARCH SAT 26th SUN
      196 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon EXIM Bank’s reawakening
      2572 8/9  -  Fred P Hochberg, chairman of the US federal government’s export credit agency, EXIM Bank, is a man on a mission to future-proof the 82-year-old American institution. By Kenneth Lim By Kenneth Lim kenlim@sph.com.sg @KennethLimBT PATIENTS who have been struck by long and debilitating illnesses often adopt a
      PHOTO: LAURA NG  -  2,572 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon YTD value of disclosed M&As involving local firms dives 53%
      632 10  -  Just one deal in Q1 exceeds US$1b, compared to four deals a year ago By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore IT has been a slow start for disclosed mergers and acquisitions (M&As) involving Singaporean companies so far this year, as
      Source: Thomson Reuters  -  632 words
    • Article
      Lock icon Sotheby’s chief gets US$20m pay package in first year at helm
      279 10 Bloomberg New York SOTHEBY’S chief executive officer Tad Smith received a pay package worth US$20 million in 2015, his first year leading the company. Mr Smith, who started on March 31, 2015, received a salary of US$1.06 million, a
      Bloomberg  -  279 words
    • Article, Illustration
      Lock icon Sharp sounds profit warning
      302 10 Reuters Tokyo SHARP Corp said its annual earnings were likely to fall short of its official guidance citing a slowing China market, a factor that Taiwan’s Foxconn is expected to use to lower its offer for the loss-making Japanese display maker. The statement was in response
      Reuters; PHOTO: REUTERS  -  302 words
    • Article
      Lock icon COMMODITY FUTURES
      193 11 Mar-24 Price Net change change Last Trade Agricultural Mar-24 CBOT Soybeans (US cents/bu) 910.50 5.25 0.58% 13/05/2016 CBOT Soybean Oil (US cents/lb) 33.18 -0.18 -0.54% 13/05/2016 CBOT Wheat (US cents/bu) 463.00 0.00 0.00% 13/05/2016 Mar-24 LIFFE Cocoa (£/tonne) 2202.00 -9.00 -0.41% 13/05/2016 LIFFE Coffee (US$/tonne) 1458.00 -22.00 -1.49%
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    • Article
      Lock icon PALM OIL
      57 11 Mar 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 16 2632.0 2660.0 2674.0 2632.0 474 5714 May 16 2660.0 2698.0 2705.0 2660.0 2660 ***** Jun 16 2680.0 2723.0 2726.0 2678.0 ***** ***** Jul 16 2674.0 2714.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      67 11 Mar 24 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.71 100.77 100.77 5-Year NX*****X 2.250 01-Jun-21 102.87 102.85 102.80 10-Year NX*****Z 2.375 01-Jun-25 103.27 103.48 103.09 15-Year NZ*****F 2.875 01-Sep-30 106.03 106.20 105.90 20-Year NZ*****V 3.375 01-Sep-33 112.59
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 11 Mar 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0246 1.0261 0.7479 0.7484 Canadian dollar 1.0327 1.0339 0.7541 0.7538 Euro 1.5281 1.5298 1.1154 1.1158 NZ dollar 0.9150 0.9164 0.6679 0.6684 Sterling pound 1.9283 1.9301 1.4075 1.4078
      155 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      118 11 Straits Times Index Source: Bloomberg YTD change: -1.23% 52-week high: 3,539.95 on April 15,2015 52-week low: 2,532.70 on Jan 21,2016 Source: Bloomberg Hang Seng Index Source: Bloomberg YTD change: -7.16% 52-week high: 28,442.75 on April 28,2015 52-week low: 18,319.58 on Feb 12,2016 Source: Bloomberg Shanghai Stock Exchange Composite
      Source: Bloomberg  -  118 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      209 11 Most active Mar 24 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****9 0.2 -0.1 ***** 1 1 71 3.50 56 UOB MB eCW*****5 10 -1 8718 0.1 1890 4 DBS MB eCW*****1 12.5 -1.7 7387 0.1
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      377 11 In local curr In S$ In US$ dy yr dy yr dy yr Mar 24 Index Change Change Change Change Change Change World Preliminary 1231.2 -0.8 -3.6 -0.5 -6.0 -0.8 -2.7 EAFE Preliminary 936.4 -1.2 -7.6 -1.0 -8.7 -1.3 -5.6 Europe Preliminary 1324.9 -1.4 -6.2
      377 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Shanghai moves to cool red-hot property market
      594 12 Buyers must put down 50-70 per cent of price of a second home to qualify for mortgage Reuters Shanghai MUNICIPAL authorities in Shanghai tightened mortgage downpayment requirements for second home purchases on Friday, in a move to cool an overheating property market and
      Reuters; PHOTO: AFP  -  594 words
    • Article
      Lock icon Once-empty Bell Labs building revived as New Jersey tech hub
      808 12 Bloomberg New York LEGENDARY architect Eero Saarinen’s Bell Labs headquarters in Holmdel, New Jersey which sat empty for almost a decade after the phone company’s successors abandoned it is showing signs of new life as a 21st century technology hub
      Bloomberg  -  808 words
    • Article
      Lock icon Househunt
      1117 13 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN FEB 10 AND FEB 16, 2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LANDAREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED People's Park Cplx Apt 15/02/2016 99 1119 909 812 District 2 NON-LANDED Altez Apt 11/02/2016 99
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      107 12 PRIME ORCHARD STRATA OFFICES MEDICAL SUITES FOR SALE TripleOne Somerset Choice Units: 366 sq ft to approx. 20,000 sq ft Coveted address in the heart of Orchard Road Covered access to Somerset MRT Station Development consists of a new retail mall and medical podium Water points discharge points provided in
      107 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Basel further reins in big banks’ use of capital models
      518 14 Regulators say proposed rules will not significantly raise overall capital requirements Reuters London THE world’s largest banks will have less discretion over how much capital to hold against loans turning sour, global regulators proposed on Thursday. Regulators want to cut
      Reuters; PHOTO: REUTERS  -  518 words
    • Article
      Lock icon Idle excess cash in Thai banks fuelling sovereign bond rally
      659 14 Bloomberg Kuala Lumpur THAI banks awash with cash are propelling a record rally in sovereign bonds. With economic growth stuck below 3 per cent, that shows no signs of abating. Baht-denominated sovereign notes have risen 2.9 per cent in March
      Bloomberg  -  659 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Fight to bring US alternative energy source to demand stalls
      1050 15 Landowners oppose plan for transmission lines across their property to get power produced from wind NYT Cowgill, United States UP and down the centre of the United States, winds rip across plains, ridges and plateaus, a belt of unharnessed energy,
      NYT; PHOTO: NYT  -  1,050 words
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      283 15 In The Matter Of The Companies Act, Cap. 50 And In The Matter Of JOCELUTA PTE. LTD. Company Reg. No. *****0144R 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. 50,
      283 words
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  • TECHNOLOGY
    • Article
      Lock icon Twitter bot learns from users to be racist
      527 16 Less than 24 hours after @TayandYou went online, Microsoft halted account’s posting NYT New York MICROSOFT set out to learn about “conversational understanding” by creating a bot designed to have automated discussions with Twitter users, mimicking the language that they use. What
      NYT  -  527 words
    • Article, Illustration
      Lock icon Scientists create tiniest life form but they’re unsure what it is
      919 16 Bloomberg New York FOR years, DNAand computer operating systems served as clichés for each other: DNA is the “operating software” of living cells in the same way that system software is the “DNA” of a computer. The problem with
      Bloomberg; PHOTO: BLOOMBERG  -  919 words
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  • CONSUMER
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  • TRANSPORT
    • Article
      Lock icon NY transport hubs get US$22b boost
      448 18 Airports to be redeveloped, new bus terminal and tunnel will be built, rail project will get under way Reuters New York THE New York City metro area took a giant step towards revitalising its crumbling capacitystrained transport hubs on Thursday as a major bi-state
      Reuters  -  448 words
    • Article, Illustration
      Lock icon Luxury bullet trains with sake and dinner take on airlines in Japan
      541 18 Bloomberg Tokyo DINNER with sake, an air-port-like lounge and roomier seats. That’s the offer on bullet trains as the Shinkansen rolls into Japan’s northern island of Hokkaido, home to some of the country’s best ski resorts, for the
      Bloomberg; PHOTO: BLOOMBERG  -  541 words
    • Article
      Lock icon Brussels Air shifts jets from bombed hub to ease Easter rush
      497 18 Bloomberg Frankfurt BRUSSELS Airlines NV moved 21 aircraft out of its home city in an effort to resume flights for the year’s peak travel period after Tuesday’s terrorist attacks shut Belgium’s main airport until the start of next week.
      Bloomberg  -  497 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Japan prices stay flat despite BOJ efforts to ignite inflation
      617 19  -  Minister denies govt considering extra budget for fiscal 2016 By Anthony Rowley btworld@sph.com.sg Tokyo DATA released on Friday confirmed inflation is failing to take off in Japan despite extraordinary measures adopted by the country’s central bank including the introduction of
      617 words
    • Article
      Lock icon US kills top ISIS commander in Syria
      493 19 NYT Bloomberg Reuters Washington THE United States killed a top Islamic State in Iraq and Syria (ISIS) commander in Syria who was believed to be in line to lead the terrorist group, defence officials said on Friday. The killing of Abd al-Rahman Mustafa
      NYT; Bloomberg; Reuters  -  493 words
    • Article, Illustration
      Lock icon Abdullah Badawi is new Petronas adviser
      228 19 Reuters Kuala Lumpur FORMER Malaysian prime minister Abdullah Ahmad Badawi, popularly known as Pak Lah, has been appointed as adviser to state oil firm Petroliam Nasional Bhd (Petronas), replacing another former premier, Mahathir Mohamad, who was fired from the post two weeks ago. The
      Reuters; PHOTO: THE STAR  -  228 words
    • Article, Illustration
      Lock icon China sets up industry group for Internet finance
      379 20 Members include major banks, financial firms, P2P lenders and retailers with online sales AFP Shanghai CHINA’S central bank said on Friday that firms involved in Internet finance had set up an industry association, as authorities try to get a handle on the
      AFP; PHOTO: BLOOMBERG  -  379 words
    • Article, Illustration
      Lock icon Vietnam’s GDP growth slows in first quarter
      376 20 AFP Hanoi VIETNAM’S economy slowed in the first quarter of 2016, official figures showed on Friday, hampered by low oil prices and an ongoing drought that has hit the agricultural sector hard. The dip followed a record surge in economic growth last year,
      AFP; PHOTO: AFP  -  376 words
    • Article
      Lock icon China to probe new types of grey margin finance
      153 20 Reuters Shanghai CHINA’S securities regulator said it will investigate increasing incidence of new types of “grey market” margin finance in the stock market, according to a statement on its official micro blog account on Friday. Grey margin finance, which allow speculators
      Reuters  -  153 words
    • Article, Illustration
      Lock icon Myanmar bourse starts trading
      466 21 First Myanmar Investment, one of the country’s largest companies, makes the inaugural listing Reuters Yangon MYANMAR’S stock exchange began trading on Friday with a single listed-company some three months after it opened in the country’s commercial capital Yangon. The South-east Asian nation’s economy was devastated by
      Reuters; PHOTO: AFP  -  466 words
    • Article, Illustration
      Lock icon AIIB not a source of China-US tension: head
      444 21 Bloomberg Hong Kong ASIAN Infrastructure Investment Bank (AIIB) president Jin Liqun says the Beijing-based development lender “should not be a new hot spot for frictions between the US and China” and that it would welcome the US as a member. The AIIB
      Bloomberg  -  444 words
  • Page 19 Advertisements
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      50 19 HOT PROPERTY BUNGLW IN S'GOON Gdns 4½-sty, 10 big rms, park 8 cars Near foreign schs. Good ame-nities. $6.2M neg. BRIGHTON AVENUE CLUSTER Semi-D 2626 sqft. 4 bdrms. +basement. Park 2 cars. $2m only. LANDED PROPERTIES FOR SALE! Check out these properties and more in The Straits Times Classified now!
      50 words
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  • OPINION
    • Article, Illustration
      Lock icon Data science: big game changer in banking
      1039 22 / 23  -  Using data science to collect and analyse Big Data, banks can reinvent nearly every aspect of the business. By Anju Patwardhan By Anju Patwardhan ~The writer is global chief innovation officer at Standard Chartered Digital data has snowballed, with the proliferation of the
      PHOTO: BLOOMBERG  -  1,039 words
    • Article
      Lock icon How the 5G mobile revolution could transform Singapore’s hotel sector
      791 22 / 23  -  By David Topolewski ~The writer is chief executive officer of Qooco, which provides mobile language learning and vocational training solutions for employees in the hospitality and service industries. FOR those planning to go to South Korea for the Winter Olympics
      791 words
  • Page 22 / 23 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Are we in a bull or bear market? The multi-manager view
        1531 24 / 25  -  2016 will likely feel like a bear market for the majority of active managers, as a bull market gets underway for the former laggards and the hitherto leaders suffer a period of underperformance. By Robin McDonald WEALTH INSIGHTS By
        PHOTO: AFP  -  1,531 words
      • Article, Illustration
        Lock icon Hedge funds backing fewer tech startups
        847 26 They are more circumspect because some of these companies have failed to live up to their billing Bloomberg New York IN recent months, venture capital firms (VCs) and mutual funds have become choosier about which technology startups they’re prepared to back. Now hedge funds,
        Bloomberg; PHOTO: REUTERS  -  847 words
      • Article
        Lock icon US junk-bond sales could cross US$20b in March revival
        472 26 Bloomberg New York BOND investors are opening their wallets again to junk-rated companies in the US. There are signs of life in the market for risky corporate debt with sales of specula-tive-grade bonds rising for the last three consecutive months. More
        Bloomberg  -  472 words
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  • LIFE & CULTURE
  • Page 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 1
      298 27 CRYPTIC CROSSWORD Across 1 Pass cost United a thrashing (11) 9 You French scoff over large dishes (7) 10 Ship so overturned by man-eating monster (6) 12 One cheats in party game (7) 13 Officer roughly put leader of terrorists in torment (7) 14 Once capsized crossing a body of
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