The Business Times, 28 March 2016

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1 32 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 28, 2016
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  • Article, Illustration
    Lock icon DAILY DIGEST
    209 1 The Singapore Exchange minimum trading price rule kicked in almost a month ago but more than a fifth of Mainboard-listed firms still appear to be in the danger zone. TOP STORIES/ 2 The CEO of Fullerton Fund Management foresees a difficult environment ahead for the global economy despite
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  • Article, Illustration
    Lock icon Half empty or half full? STI’s rebound stirs debate
    1371 1  -  The only consensus among analysts is that investors should get out of offshore and marine stocks By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE winds pummelling Singapore stocks appear to have changed direction of late with a recent relatively balmy upturn that
    PHOTO: BLOOMBERG  -  1,371 words
  • Article, Illustration
    Lock icon Wall Street may decide outcome of US polls
    893 1  -  By Rob Curran btworld@sph.com.sg SOME people believe the US stock market follows the American presidential cycle, but recent elections suggest it could be the other way around. The performance of the stock market could help decide whether Donald Trump, Hillary Clinton or
    PHOTO: AFP  -  893 words
  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 2,847.39 -59.41 KL COMP 1,703.79 -12.55 NIKKEI 225 17,002.75 +277.94 HANG SENG 20,345.61 -326.02 SHENZHEN B 1,131.76 +10.59 DOW 17,515.73 -86.57
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  • Page 1 Advertisements
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  • TOP STORIES
    • Article, Illustration
      Lock icon 1988: Singapore seeks MNCs, oil futures trading
      358 2  -  MNCs wooed to help formulate economic strategies, CPF rates adjusted, oil futures market idea explored. BY JACQUELYN CHEOK BY JACQUELYN CHEOK ultinational corporations (MNCs) were an important component of economic strategy 28 years ago. As Singapore sought to join the ranks of developed
      BT Graphics: Lynette Neo  -  358 words
    • Article, Illustration
      Lock icon Markets look to ‘dovish’ Federal Reserve for direction
      948 2  -  WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg MAJOR US stock indexes fell slightly last week, snapping a five-week winning streak as official statements and economic data hinted that the Federal Reserve could raise rates again as soon as next month. The rally
      PHOTO: REUTERS  -  948 words
    • Article, Illustration
      Lock icon Over a fifth of SGX Mainboard stocks in MTP danger zone
      749 2  -  172 firms have VWAP below S$0.20 MTP as at March 23, BT’s new CMI Tracker shows By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore NEARLY a month after Singapore Exchange’s (SGX) minimum trading price (MTP) rule kicked in, more than a
      Source: SGX, compiled by BT  -  749 words
    • Article, Illustration
      Lock icon Floating production market sees new opportunities
      1223 4  -  But low oil prices make project financing hard to come by, which presents a challenge to Singapore yard groups NEWS ANALYSIS By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore THE floating production market is undergoing a sea change in more ways than one that presents
      PHOTO: REUTERS  -  1,223 words
    • Article
      Lock icon SMU-DHL collaboration yields unconventional solutions in sustainable logistics
      1025 4  -  By amit@sph.com.sg Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore IN A successful example of indus-try-academic cooperation, Singapore Management University’s (SMU) Green Transformation Lab (GTL), set up jointly with DHL, has worked with more than 150 undergraduate and postgraduate (both Masters and PhD) students
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    • Article, Illustration
      Lock icon Keppel delivers first pair of Grupo R jackup rigs
      339 4  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore KEPPEL Offshore Marine’s rig-build-ing arm Keppel FELS has delivered the first two of five jackup rigs on order from Mexico’s Grupo R. The Cantarell I and II that were built to the KFELS B
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Revisiting board risk governance structures
      911 6  -  A strong BRC provides invaluable support to the board and the audit committee by optimising decision-making around risks. BY IRVING LOW T The writer is a member of the Governing Council of the Singapore institute of Directors (SID). COMPANIES today face increasingly complex risks, especially
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    • Article, Illustration
      Lock icon No bottom yet on economy, says Fullerton
      1222 8  -  CEO and CIO Manraj Sekhon says the fund house has recently added a couple of China stocks, while reducing India exposure. BY CAI HAOXIANG TOP LINE exposure.BY CAI HAOXIANG IN the office of Fullerton Fund Management chief executive Manraj Sekhon sits a drawing
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    • Article, Illustration
      Lock icon Selling among directors up, buying flat
      1818 8  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia Insider Limited THE buying was flat while the selling among directors rose based on filings on the Singapore Exchange during the holiday-shortened week of March 21 to 24. A total of 12
      BT Graphics  -  1,818 words
    • Article
      Lock icon Strength of US$ rebound depends on jobs data
      405 9 CURRENCIES BLOOMBERG New York THE US dollar has work to do to convince traders that its first weekly gain in a month wasn’t a fluke. A gauge of the US currency rose the most since November last week after Federal Reserve officials
      BLOOMBERG  -  405 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        3 9 WEEKLY
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Mar 24 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.992 4.872 0.671 5.804 50.036 99.111 0.845 8.727 3.018 1.120 78.350 34.744 1.025 11.553 0.731 24.472 26.432 0.531 0.748 Canada 1.008 4.910
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 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
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      • Article, Illustration
        Lock icon NIKKEI
        2 9 WEEKLY
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE WEEKLY
        4 9 COMPOSITEWEEKLY
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      • Article, Illustration
        Lock icon DOW JONES
        3 9 WEEKLY
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      • Article
        Lock icon US$/S$ FORWARD RATES
        21 9 Mar24 S$ Bid Offer 1-month 1.3703 1.3716 2-months 1.3710 1.3722 3-months 1.3717 1.3729 6-months 1.3736 1.3758 Source: OCBC
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Mar 24 $S Offer Bid 0vernight 0.03 Par 1-month 1.000 0.875 2-months 1.125 1.000 3-months 1.1875 1.0625 Overnight mode: 0.42 US$ 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 1.05 0.85 9 months 1.25 1.05 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 9 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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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        370 9 Mar 25 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Mar16 9492.50 9640.00 9442.50 9630.00 *****8 *****7 Apr16 9420.00 9610.00 9372.50 9600.00 *****4 *****8 NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 ***** *****4 Sep16 *****.00 *****.00 *****.00 *****.00 55 593 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        208 9 Most active Mar 24 Prem Expiry Wk Vol Conv Exer Disc Gear- Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 12.5 -4.3 ***** 0.1 1480 4 Rowsley Ltd W*****3 1 -0.2 ***** 1 18 7 Asia-Pacific Strategic W*****9 0.2 -0.1 ***** 1
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 9 In local curr In S$ In US$ dy yr dy yr dy yr Mar 25 Index Change Change Change Change Change Change World Preliminary 1235.5 0.1 -3.3 0.1 -5.6 0.1 -2.4 EAFE Preliminary 937.8 0.2 -7.5 0.2 -8.6 0.2 -5.4 Europe Preliminary 1322.8 0.0 -6.4
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 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 unch 0.00% 13/05/2016 Mar-24 LIFFE Cocoa (£/tonne) 2202.00 -9.00 -0.41% 13/05/2016 LIFFE Coffee (US$/tonne) 1458.00 -22.00 -1.49%
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    • Article, Illustration
      Lock icon STI / Catalist
      64 10 STI Catalist Straits Times Index March 24,2016 2,847.39 -59.41 (-2.04%) Current streak 1 day Week high 2,881.98 Week low 2,847.39 52-week high 3,525.19 (Apr 17, 2015) 52-week low 2,539.95 (Feb 12, 2016) WEEKLY FTSE ST Catalist index March 24,2016 454.19 -5.20 (-1.13%) Current streak 1 day Week high 455.52 Week
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    • Article, Illustration
      Lock icon Odds favour play on STI as end of Q1 nears
      598 10  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT NORMALLY, the advice to investors would be to watch for key economic releases or meetings in the week ahead to try and gauge how equities might behave, bearing in mind, of course, that bad
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    • Article
      Lock icon GAINERS
      78 10 BY CENTS CLOSE UP 52w high/low DBXT USDIGInfl US$ ***** 287.7 0.8 *****/***** DBXT Nifty50 ETF10 ***** 276.7 1.7 *****/***** DBXT DBLCI-OY US$ 2088 194.5 7.3 2600/1946 Lyxor EM Mkt US$ 880 124.7 11.5 1104/755 DBXT MSPacXJp US$ 466 68.5 12.0 523/401 BY PERCENTAGE CLOSE UP 52w high/low NobleGrpMBeCW*****1
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    • Article
      Lock icon LOSERS
      75 10 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -505.5 -3.1 *****/***** Lyxor Indonesia US$ 8126 -378.1 -3.3 9084/6250 DBXT MSEurope US$ 5191 -190.4 -2.6 6300/4770 DBXT ASX200 US$ 3382 -164.4 -3.4 3908/2900 SPDR S&P500 US$ ***** -90.4 -0.3 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low 8Telecom 10.8 -88.3
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    • Article
      Lock icon UNUSUAL ACTIVITY
      80 10 VOL CLOSE($) CHANGE Sysma 70,228.6 0.120 +0.027 +29.03 SinoCloud 35,803.4 0.003 +0.001 +50.00 Select 6,238.2 0.530 +0.105 +24.71 Parkson Retail 77,515.0 0.177 +0.020 +12.74 OKH Global 368,018.9 0.130 +0.026 +25.00 Huationg Global 1,138.0 0.150 -0.030 -16.67 HuanHsin^ 84.0 0.008 +0.003 +60.00 Sinjia Land 996.7 0.080 +0.006 +8.11 Magnus
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 10 STI FTSE ST All-Share WEEKLY FTSE ST All-Share Index March 24,2016 696.73 -10.67 (-1.51%) Current streak 1 day Week high 704.14 Week low 696.73 52-week high 845.85 (Apr 17, 2015) 52-week low 629.34 (Feb 12, 2016)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 10 STI MSCI EAFE WEEKLY MSCI EAFE index March 25,2016 1,623.43 -37.07 (-2.23%) Current streak 1 day Week high 1,654.79 Week low 1,619.41 52-week high 1,949.49 (May 15, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon STI STOCKS
      315 10 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 241 -7 249/240 271 209 6.1 6330.4 CapitaCom Trust 146.5 -0.5 149.5/145.5 179 122.5 5.9 4329.5 CapitaLand 309 cd -8 318/305 379 267 12.4 2.9 *****.4 CapitaMall Trust 214 unch 220/212 228
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    • Article
      Lock icon MOST ACTIVE
      33 10 VOLUME OKH Global 1,098,926,700 Noble 456,955,000 Ezra 367,057,900 Spackman 300,504,000 Annica 292,512,000 Market volume 7,666,670,000 VALUE DBS Grp 315,872,882 Singtel 252,957,525 OCBC Bank 237,371,739 UOB 221,794,476 Noble 215,894,963 Market value 4,486,715,000
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    • Article
      Lock icon SGX ETFS
      106 10 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US660 +12 2347 668/648 819/575 658/661 82.5 STI ETF 285 -6 1276 292/284 355/254 284/285 Nikko AM STI ETF 290 -6 527 298/290 361/259 289/292 7 DBXT MSRussia US$ US183 -5 281
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    • Article
      Lock icon COMPANY MEETINGS
      125 10 COMPANY MEETING PLACE DATE TIME Chew's Grp E 20 Murai Farmway 28-Mar 10.00am Jacks Intl E 18, Kaki Bukit Road 3 #05-16 Entrepreneur Business Ctr 28-Mar 11.00am Mary Chia Hldgs E SAFRA Toa Payoh 293 Toa Payoh Lorong 6 (Lvl 3) Function Room 28-Mar 9.00am Sinocloud Grp S
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      76 10 Mar 24 VALUE CLOSE BT OB/OS -3.00 -110.00 BT CADI -*****.00 -131.00 BT 10-day MA -*****.00 FTSE ST Mid Cap 689.64 -4.78 FTSE ST Small Cap 398.23 -3.97 FTSE ST All Share 696.73 -7.41 FTSE ST China Top 165.55 -2.53 FTSE ST China 195.69 -2.41 FTSE ST
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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 3 9 3 1 0 0 4 9 3 Manufacturing 48 51 36 7 19 11 55 70 47 Commerce 24 33 7 3 7 6 27 40 13 Tpt/Stor/Comms 13 22 3
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 87,187 19,237 106,424 291,123 4,346 295,469 Manufacturing 504,546 449,855 954,401 445,835 8,624 454,459 Commerce 658,953 199,611 858,564 472,579 8,082 480,661 Tpt/Stor/Comms 703,901 2,204 706,105 678,603 182 678,785 Finance 96,745 17 96,762 887,056 2 887,058 Construction
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    • Article, Illustration
      Lock icon Strong greenback, US reserves, stall 5-week oil rally
      571 10 COMMODITIES AFP London WORLD oil prices have snapped a five-week run of gains on the back of the strong US dollar and soaring US crude stockpiles that have worsened the global supply glut. The market began last week on the front foot,
      AFP; PHOTO: AFP  -  571 words
    • Article
      Lock icon Gilead ordered to pay Merck US$200m for hepatitis C patents
      498 11 The award against the drugmaker comes amid projections that its sales will flatten this year San Jose GILEAD Sciences Inc was ordered by a jury to pay Merck Co US$200 million for patent infringement over a drug compound that cures
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    • Article
      Lock icon PRIME LENDING RATES
      242 11 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 ...5.75 Bank
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1752 11 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 Prop Sec Fd do 0.133 29-Mar 31-Mar 17-Jun 22-Mar
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1235 11 Consensus No. of Forecast Mean Thu’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 7.24 0.85 0.61 AIMS AMP Cap Industrial Reit 1.33 1.50 1 0.11 12.09 1.45 1.33 ARA Asset Mgt 1.50 1.50 1 0.09
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    • Article
      Lock icon SGX MAINBOARD
      1985 12 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E $mil Last vol Week Div GrYld 153 127 AIMSAMP Cap Reit 133 -2 814 135.5 131.5 1 8.3 845 MCap 175.5 101 ARA Asset Mgmt 116cd -3 4695 120.5 116 1.7
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    • Article
      Lock icon SGX CATALIST
      317 12 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale Vol 4 1.7 t Acesian Partners 3 unch 1804 3 3 4.1 10.5 1 0.2 t Advanced Systems 0.3 unch 3000 0.4 0.3 7.9 Week Low Div C'vr
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    • Article
      Lock icon SGX ETF
      169 12 52-Wk Last Vol Week Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1440 991 CIMBASEAN40 S$D 1190 unch 0 1190 1190 vol 4258 2355 DBXT China50 US$ US2730 -40 5 2791 2707 7.5 135.3 97.5 DBXT MS SING US$ US114
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      1205 6 COMPRISING OUE HOSPITALITY REAL ESTATE INVESTMENT TRUST OUE HOSPITALITY BUSINESS TRUST A real estate investment trust constituted on 10 July 2013 under the laws of the Republic of Singapore, managed by OUE Hospitality REIT Management Pte. Ltd. NOW RIGHTS ISSUE A business trust constituted on 10 July 2013 under the
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      Lock icon Page 6 Advertisements Column 2
      7 6 T For more articles, go to btd.sg/BMatters
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  • Page 11 Advertisements
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  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      80 12 Did You Know? SG SGX hosts the first inverse ETF tradable in Asia DBXT S&P 500 Inverse Daily UCITS ETF (HD6). Learn more at sgx.com/etf Singapore Exchange This advertisement has been published for general circulation only. It is not an offer or solicitation to buy or sell, nor financial advice
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  • REAL ESTATE
    • Article
      Lock icon Michael Jackson’s home still unsold, 10 months on
      1191 13 Price of US$100m puts it in uber-luxury market which has slowed down, its location is off beaten luxury path WP Washington ALMOST a year ago, in May 2015, Michael Jackson’s former Neverland Ranch hit the market. The 12,598-square-foot French Norman-dy-style home sits
      WP  -  1,191 words
  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      155 13 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 There will be more than nine billion people to feed by 2050. Over the next 35 years,
      155 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Balancing corporate demands and fatherhood
      2414 14 THIS WEEK’S TOPIC: What would be the impact of a second week of paternity leave on employers? Goh Swee Chen Chairman Shell Companies in Singapore SHELL Singapore was among the first companies to implement the 2013 Marriage and Parenthood Scheme, ahead of legislation, providing enhanced
      PHOTO: FREEIMAGES  -  2,414 words
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  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      1148 15 The full list of views from CEOs is available at http://businesstimes.com.sg NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices VICOM LTD (Incorporated in the Republic of Singapore) (Co. Reg. No.: *****0320K) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-Fifth Annual General Meeting of the Company
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      Lock icon Page 15 Advertisements Column 2
      148 15 f A SINGAPORE ACCOUNTANCY AWARDS 2016 r\ w w F0R EXCq n j Multi-faceted, dynamic, client-centric, and trusted... attributes of the finest performers at the peak of their profession. Celebrating excellence in Accountancy, the Singapore Accountancy Awards recognise outstanding practices and individuals in the profession. And with recognition, comes opportunities.
      148 words
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article
      Lock icon ‘Choose an investment as you’d choose your spouse’
      760 16  -  Citi Singapore country officer Michael Zink and SIAS chief David Gerald share personal finance tips with NUS students. BY CAI HAOXIANG MARRY well. Live within your means. Know your risk appetite. Index funds can work, but buy markets with exposure to global
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    • Article, Illustration
      Lock icon Q&A with Michael Zink
      1049 16 MICHAEL ZINK, Citi Singapore country officer and Asean head, answered a number of questions from students at a dialogue session at the National University of Singapore. Here is an edited transcript of his answers. Q: What investing mistakes have you made? A: I made lots of
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    • Article
      Lock icon SMU team wins NUS-SGX stock-pitch competition
      640 16  -  Out of 81 teams that took part in the contest, eight were selected based on the quality of their reports By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore A TEAM of four Singapore Management University (SMU) finance undergraduates has won a nationwide stock-pitching competition organised by
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  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      113 16 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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      Lock icon Page 17 Advertisements Column 1
      4113 17 Keppel Corporation Limited Co Reg No: *****0351N (Incorporated in the Republic of Singapore) Notice of Annual General Meeting Closure of Books NOTICE IS HEREBY GIVEN that the 48th Annual General Meeting of the Company will be held at Raffles City Convention Centre, Canning Padang Ballrooms (Level 4), 80 Bras Basah
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  • BANKING & FINANCE
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      2657 18 SINGAPORE REINSURANCE CORPORATION LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****0016C NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 43rd Annual General Meeting of the Company will be held at Taurus, Level 1, Marina Mandarin Singapore, 6 Raffles Boulevard, Marina Square, Singapore *****4, on
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Nigerian woman a cut above in diamond trade
      677 19 AFP London NIGERIAN Thelma West is a rare gem in the diamond world as a woman in a male-dominated sector with few Africans, despite the continent being the main source of the precious rocks. The first in her family to work in
      AFP; PHOTO: AFP  -  677 words
    • Article
      Lock icon Commodity rout cuts 970b yen from Japan’s trading houses
      648 19 Mitsubishi, Mitsui expect first net loss since they were founded in their current form more than 60 years ago BLOOMBERG Tokyo JAPAN’S biggest trading companies, stalwarts of the nation’s economy, expect to book combined writedowns of at least 970 billion yen
      BLOOMBERG  -  648 words
  • Page 19 Advertisements
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      59 19 AIRFRANCE/ AM FRANCE IS IN THE AIR New York Boston Geneva Barcelona Rome Edinburgh Montreal London Lima Nice V Rio Marseille 1. ir r; v t W kr ji RENDEZ-VOUS IN PARIS Or in more than 1,000 destinations thanks to one of the largest networks in the world with KLM
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  • TECHNOLOGY
    • Article
      Lock icon Wearable tech takes aim at healthcare costs
      767 20 US employers are stepping up the use of technology in wellness programmes that encourage healthier lifestyles tracker. AFP Washington STROLL around the office or neighbourhood six times a day, and earn US$1.50 towards your health insurance. Step up activity a bit more and
      tracker. AFP  -  767 words
    • Article
      Lock icon Iran denies US charges of cyber-attack brought against its citizens
      343 20 BLOOMBERG Teheran IRAN has dismissed cyber-attack charges brought against seven of its citizens by US prosecutors, accusing Washington of putting millions of Iranians in danger with its own attacks on Iran’s nuclear programme. Foreign ministry spokesman Hossein Jaberi Ansari told
      BLOOMBERG  -  343 words
    • Article, Illustration
      Lock icon Robots closer to becoming a part of everyday life
      692 20 WP Washington FOR decades robots have won the affection of humans in pop culture whether it was R2-D2 in Star Wars or Rosie the Robot in The Jetsons. But as popular as these machines have been on screen, we haven’t seen
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      196 20 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices ROYAL BANK OF CANADA FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED OCTOBER 31, 2015 Consolidated Balance Sheets As at October 31 (Millions of Canadian dollars) Capital ratios, Leverage ratio and multiples As at October 31 Head Office: Royal Bank of Canada
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      3494 21 NOTICES TOLL FREE 18 0 0-289-8822 I Email n o t i c e s s p h c o m. s g I www.sphclass.com.sg/notices www.gentingsingapore.com GENTING SI NGAPORE Genting Singapore PLC (Incorporated in the Isle of Man No. *****6V) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT
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      17 21 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices
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  • CONSUMER
    • Article, Illustration
      Lock icon Looking for value in China’s contemporary art market
      756 22 Insiders say it’s riddled with systemic flaws and inconsistencies, and critics are offered bribes for positive reviews AFP Beijing THE serenity of Cui Ruzhuo’s ink landscapes is a far cry from the turmoil of China’s contemporary art market. But he can bank
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      Lock icon Driverless delivery robots could hit Washington DC soon
      982 22 WP Washington A BROOD of sidewalk drones could be rolling around the US capital within a year if a District of Columbia Council member has her way. Executives from Starship Technologies, with roots in Estonia and London, say their goal is to
      WP; PHOTO: BLOOMBERG  -  982 words
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      1312 22 NOTICES Cl GLOBAL LV* U INVESTMENTS NOTICE OF ANNUAL GENERAL MEETING LCD Global Investments Ltd Company Registration No.: *****1118N (Incorporated in the Republic of Singapore) NOTICE IS EIEREBY GIVEN that the 43 rd Annual General Meeting of the Company will be held at 456 Alexandra Road, #04-07 Fragrance Empire Building.
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      4245 23 NOTICES TOLL FREE 18 0 0-289-8822 I Email n ot i c e s s p h c o m s g I www.sphclass.com.sg/notices sembcorp SEMBCORP INDUSTRIES LTD Co Regn No. *****2418D (Incorporated in the Republic of Singapore) Notice of Annual General Meeting Notice is hereby given that the Eighteenth
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Abe bent on shaping global policy agenda for G-7
      995 24  -  At May summit, Japan aims to focus attention on fiscal stimulus and restore G-7’s lustre vis-a-vis G-20, given main Asian rival power China will host its first G-20 summit in Sept By Anthony Rowley btworld@sph.com.sg Tokyo AN unusually confident Japan will
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      Lock icon Belgium’s vulnerable nuclear plants facing threat of terror attacks
      1169 24 NYT Brussels AS a dragnet aimed at Islamic State operatives spiralled across Brussels and into at least five European countries, Belgian authorities were also focusing on a narrower but increasingly alarming threat: the vulnerability of the country’s nuclear installations. The investigation
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    • Article
      Lock icon 250 business leaders back Brexit campaign
      507 24 REUTERS London THE campaign for Britain to leave the European Union (EU) has been backed by 250 business leaders including the former chief executive of HSBC, the Vote Leave group said on Saturday, hoping to counter the view that UK businesses back staying in
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      Lock icon Botched rules dash India’s dream of becoming shipping hub
      876 25 Ministry’s March 7 notification imposes conditions that will end up hindering growth of Indian ports, observers say WP Washington GIFTED with a 4,700-mile (7,564km) coastline, India for years has wanted a world class shipping hub that could compete with regional star
      WP; PHOTO: REUTERS  -  876 words
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      Lock icon Tiny fruit fly sours Australia’s big agri export ambitions
      565 25 REUTERS Sydney A TINY fruit fly is undermining Australia’s efforts to grow its US$3 billion fruit and vegetable exports, despite the country reaching a series of free trade agreements (FTAs) with its largest trading partners in Asia. Australia sealed trade agreements
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    • Article
      Lock icon A small, ‘insignificant’ US dam caught in Iranian hacking case
      849 25 NYT Rye Brook, United States THE United States has many colossal dams, hydroelectric power generators such as Hoover and Grand Coulee so monumental in scale and purpose that they have been celebrated in song by Woody Guthrie and others. The
      NYT  -  849 words
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      Lock icon China industrial profits up for January, February
      320 25 REUTERS Beijing CHINA’S industrial profits returned to growth in the first two months of 2016, despite weakening business conditions and slowing economic growth in the world’s second-largest economy. Profits earned by Chinese industrial firms in January and February combined rose 4.8 per cent
      REUTERS  -  320 words
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      424 24 INTERPLEX HOLDINGS LTD. (formerly known as Amtek Engineering Ltd) (UEN/Company Registration No. *****3886K) (Incorporated in the Republic of Singapore) Notice to holders of the outstanding S$200,000,000 6.90 per cent. Notes due 2019 comprised in Series 001 (ISIN: SG6PB*****05) (the “Notes”) of Interplex Holdings Ltd. (formerly known as Amtek Engineering Ltd)
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      25 25 wM w www.omy.sg vi: m V @lifestyje more omy sg '3T lit <r. -a? W1' 12 0 0 i I H SCAN TO JOIN #omycontest
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      497 25 THE BUSINESS TIMES NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GAM SINGAPORE PTE. LIMITED (In Members' Voluntary Liquidation) Reg No.*****6127H ("the Company") NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company duly convened and held on 22 March 2016, the
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  • TRANSPORT
    • Article
      Lock icon Tesla to unveil electric car for middle-class market
      649 26 Carmaker plans to sell the Model 3 for US$35,000, half the base price of the flagship Model S AFP New York TESLA is set to unveil the Model 3, its long-an-ticipated pitch to middle-class drivers and a key component in founder Elon
      AFP  -  649 words
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      Lock icon Brussels subway terrorist attacks highlight US airport security focus
      994 26 BLOOMBERG Washington THE Brussels terrorist attacks show how subway passengers can be even more vulnerable than airline travellers. But that’s not where public attention or federal security spending has gone in the US. The Transportation Security Administration (TSA), created after the
      BLOOMBERG; PHOTO: AFP  -  994 words
    • Article
      Lock icon Australia shifts towards public transport boost under Turnbull
      442 26 BLOOMBERG Canberra PRIME Minister Malcolm Turnbull’s government wants to boost funding for road and rail public transport infrastructure on the fringes of Australia’s major cities to attract hous-ing-development projects. “Land prices in the outer suburbs of Sydney or Melbourne are sufficiently high
      BLOOMBERG  -  442 words
    • Article
      Lock icon Tough for Branson’s hip Virgin America to compete
      572 26 WP Washington TRAVELLERS love Virgin America, the hip, mood-lit airline backed by Richard Branson. And why not? The self-described “low-fare, upscale” carrier promises passengers that they don’t need to accept the dismal nickel-and-dime, fee-for-every-thing flying experience offered by the competition. Instead, fly
      WP  -  572 words
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      81 26 SGPFair Singapore Gifts Premiums Fair 2016 29 JUNE 1 JULY 2016 Marina Bay Sands, Singapore Sands Expo and Convention Centre Level 1, Hall B C OP c- m JOIN THOUSANDS OF BUYERS FROM CORPORATE COMPANIES, GOVERNMENT BODIES, EDUCATIONAL INSTITUTIONS, HOTELS RESORTS, GIFT SHOPS, ETC.! Organised By BIZLINK Exhibition Services Pte
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      8 26 To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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      1932 27 THE BUSINESS TIMES V’-a-'V Shipping times 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
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      244 27 ENG LEE SHIPPING CO PTE LTD Tel: *****222 (10 Lines) Fax: *****174/*****960 Website: www.englee.com.sg/Email: marketing@englee.com.sg CR No: **********0C REGULAR FEEDER SERVICES TO INDONESIAN (DE1) VESSEL VOY SIN ETA SIN ETD DESTINATION FREQUENCY Marco Polo 152 BST013 24/03/2016 25/03/2016 Buatan/Buatan DAILY Marco Polo 132 TTS139 24/03/2016 25/03/2016 Tebing Tinggi/Jambi DAILY Marco
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  • DINING OUT
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      Lock icon The Italian invasion
      1493 28  -  How far from town will you go for Italian food? Two eateries from opposite ends of Singapore square off. BY JAIME EE NEW RESTAURANT ilLido at the Cliff 2 Bukit Manis Road Sofitel Singapore Sentosa Resort Spa Tel: 6708 8310/8360 Open daily for lunch and dinner: 12pm
      1,493 words
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      207 28 Show Me the Money (Book 3) writes about the methods to spot financial bubbles, the danger signs of the market and the fraud of listed companies. Based on the case studies of past downturns, it teaches us the techniques to analyse the severity of each financial crisis. A clear plan
      207 words
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      46 28 Will Singapore see 2065? Will there be a new world order? Will driverless cars finally become a reality? Leading thinkers Peter Schwartz, Saskia Sassen and Bilahari Kausikan ruminate these questions in a new book. GET A COPY NOW! Now available at all major bookstores and www.stpressbooks.com.sg
      46 words
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      254 28 With the interest rates increasing and cost of goods getting higher, we are not earning fast and enough to keep up with the footsteps of the market. What happens when one (or two, or three!) jobs do not suffice? How are we going to make sure we have enough for
      254 words
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  • LIFE & CULTURE
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      Lock icon Mattel injecting diversity into Thomas & Friends franchise
      702 29 Mattel injecting diversity into Thomas Friends franchise Thomas is getting 14 new friends, including 4 female trains and many from countries such as India, Brazil, China and Mexico NYT New York THOMAS’S friends are finally getting a little more diverse. With more than US$ 1 billion in annual retail sales,
      NYT; PHOTO: NYT  -  702 words
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      Lock icon Pastor rock vs Buddhist monk blues in Japan
      543 29 AFP Tokyo MOST days, Lutheran pastor Kazuhiro Sekino preaches to his congregation in a soft voice with religious hymns playing in the background of a Tokyo church. But as night falls, he hits a smoky stage criss-crossed with whizzing strobe lights, shedding
      AFP; PHOTOS: AFP  -  543 words
    • Article
      Lock icon Tinder dating app shedding its sleazy reputation
      775 29 NYT New York SHANA Claudio left the bar in Manhattan for her third Tinder date of the day. She had already met a finance type for brunch that Sunday in October 2013 through the dating app (he was a bit superficial), and she
      NYT  -  775 words
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  • Page 29 Miscellaneous
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      346 29 CRYPTIC CROSSWORD Across 1 Behind inspirational words note dangerous women (8) 5 English female with little energy, confined to bed, grumbled (6) 9 See very distraught loner in need of affection (8) 10 Weeps when son is in unstable situations (6) 11 Chief commander soon to be imprisoned according to
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  • TOP OF THE LEAGUE
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      Lock icon Big on innovation and technology
      1014 30  -  They are the engines of growth for YCH Group, says executive chairman Robert Yap. INNOVATION Yap.BY FRANCIS KAN EVER since he took over the reins of his family’s logistics business from his father over 35 years ago, Robert Yap has leveraged technology to keep YCH
      1,014 words
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      172 30 TRUE LEADERS RISE ABOVE THE ORDINARY. 5 YEARS 3 YEARS UNLIMITED MILEAGE WARRANTY SERVICING 0 Fuel consumption: 57L-9.6L/100km CO2 emissions: 131-223g/km AMAZING IN MOTION > 3 XT ft y THE ALL-NEW LEXUS RX. YOUR WORLD, ELEVATED. Introducing the 2.0-litre twin-scroll turbocharged engine to its league of powertrains, the all-new Lexus
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      4 30 Brought to you by
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      176 31 THE BUSINESS TIMES SS1.20 8 "8 8 7 1 8 1"3000 1 1" > SfSl A SINGAPORE PRESS HOLDINGS PUBLICATION WWW.bUSineSStimeS.COm.Sg G f @BusinessTimes I CO REGN NO *****2868E I MCI (P) 039/08/2015 Monday, March 28,2016 o- > WKism <*- v V Jj as* V s* 'V -f O'* >1
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      125 32 Vi SV r?? G-SHOCK ABSOLUTE TOUGHNESS Majestic. Creating a watch tough enough to last forever. G-SHOCK the watch that stunned the world with a concept for toughness that defied conventional watch-making logic. Of the long line of legendary models that have followed its launch and shaped the history, it is
      125 words