The Business Times, 20 January 2015

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Total Pages: 24
1 24 The Business Times
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  • Title Section
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    24 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G C ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 Tuesday, January 20,2015
    24 words
  • DAILY DIGEST
    • Article
      Lock icon A Bill introduced
      25 1 on Monday proposes a nationwide ban on the sale and public consumption of alcohol between 10.30 pm and 7am. TOP STORIES 2
      25 words
    • Article, Illustration
      Lock icon As a net importer of oil, Singapore
      31 1 stands to benefit from the fall in global oil prices, said Trade and Industry Minister Lim Hng Kiang in parliament on Monday.TOP STORIES 4
      31 words
    • Article
      Lock icon Keppel Reit’s divestment
      35 1 of its Prudential Tower stake led its fourth-quarter distribution per unit to fall to 1.51 Singapore cents for the period ended December, down from 1.97 cents a year ago. COMPANIES MARKETS 5
      35 words
    • Article
      Lock icon With supportive monetary policy
      30 1 and much liquidity in financial markets, the global economy will muddle through 2015, said Allianz Global Investors global chief investment officer Andreas Utermann. COMPANIES MARKETS 7
      30 words
    • Article
      Lock icon The US$400 million
      43 1 of losses that Citigroup Inc, Deutsche Bank AG and Barclays plc are said to have suffered from the Swiss central bank’s decision to end the cap on the franc may be followed by others in coming days. BANKING FINANCE 12
      43 words
    • Article
      Lock icon Oil producers reluctant
      32 1 to curb output even as prices fall to 5 1 /2-year lows do not need to guess what the future holds. They can ask a miner. ENERGY COMMODITIES 13
      32 words
    • Article
      Lock icon When bankers of the future
      41 1 decide whether to make a loan, they may look to see if potential customers use only capital letters when filling out forms, or at the amount of time they spend online reading terms and conditions. TECHNOLOGY/14
      41 words
  • Article, Illustration
    Lock icon Singapore market bored lots despite 100-share trading
    667 1  -  First day of small-lot trading sees anaemic volumes; brokers say more time needed By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore THE stock market was bored lots on Monday as the Singapore Exchange’s (SGX) reduced minimum board lot size failed to excite investors. A US
    Source: Bloomberg, ShareInvestor.com  -  667 words
  • Article
    Lock icon Inflation expectations lowest in 3 years
    525 1  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SINGAPORE’S inflation expectations have plummeted to their lowest levels in three years, due to sliding oil prices and shaky global growth. Coupled with an anticipated increase in benchmark interest rates, consumers polled in December now expect overall inflation
    525 words
  • Article
    Lock icon MARKETS
    24 1 Monday Change STI 3,307.70 +7.02 KL COMP 1,753.31 +9.74 NIKKEI 225 17,014.29 +150.13 HANG SENG 23,738.49 -365.03 SHENZHEN B 1,035.44 -37.91 DOW CLOSED
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      97 1 Hill 8 '*****1 *****4 MORE ACTIVITY Private home resales up 8.4% in H2 from H1 REAL ESTATE 10 LEGISLATIVE BATTLE Obama to lose either way in oil pipeline row OPINION/20 MALAYSIAN DEVELOPMENT Go-ahead for Johor projects could open way for petro-hub top stories 3 MARKET VIEWS Global economy will ‘muddle
      97 words
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      10 1 LOCAL FISH FARM TO NET GLOBAL MARKET SME PAGE 24
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  • TOP STORIES
    • Article, Illustration
      Lock icon Currency wars unlikely to break out in region: StanChart economist
      620 2  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore WHILE Asia is vulnerable to an escalating currency war with both the euro and the yen being driven down in value regional economies have not locked horns over this, senior analysts from Standard Chartered
      PHOTO: BLOOMBERG  -  620 words
    • Article, Illustration
      Lock icon Govt moves to ban alcohol sale, public drinking after 10.30pm
      912 2  -  Bill proposes that rules apply nation-wide, but event organisers can apply for exemptions for specific events By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore A BILL introduced in parliament on Monday proposed a nation-wide ban on the sale and public consumption of
      Source: Home Team, Ministry of Home Affairs  -  912 words
    • Article, Illustration
      Lock icon Curb on loans a double blow for Citic Sec, Haitong Sec
      549 2 BLOOMBERG Beijing CHINA’S biggest brokerages are getting squeezed on two fronts as regulators curb loans to equity traders. Not only does the three-month ban on new margin-trading accounts at Citic Securities Co and Haitong Securities Co reduce their potential
      BLOOMBERG; PHOTO: REUTERS  -  549 words
    • Article
      Lock icon Economists expecting quantitative easing by ECB this week: survey
      675 3 Bloomberg Frankfurt MARIO Draghi is likely to announce a 550 billion-euro (S$850 billion) bond-purchase programme this week and won’t skimp too much on the details, economists say. The European Central Bank president will make his biggest push yet to steer the
      Bloomberg  -  675 words
    • Article
      Lock icon Go-ahead for Johor projects could open way for petro-hub
      590 3  -  Meanwhile, Chinese developers are still racing to put up marina-lifestyle townships in the area By Pauline Ng btworld@sph.com.sg Kuala Lumpur THE approval given by Malaysia for some 4,090 acres (1,655 ha) of reclamation works for two mega developments in the Johor
      590 words
    • Article
      Lock icon KL to announce policy tweaks amid oil slide
      427 3 Kuala Lumpur PRIME Minister Najib Razak will announce policy changes, including likely budget revisions, on Tuesday to help Malaysia adjust to the impact of reduced oil and gas earnings due to the slump in global crude prices. The announcement, scheduled for 10
      427 words
    • Article, Illustration
      Lock icon Fall in oil prices will benefit S’pore: Hng Kiang
      756 4  -  But any competitive advantage derived from lower oil prices will be temporary; recent US dollar rise and fall in the euro not expected to have significant impact here, he says YESTERDAY IN PARLIAMENT By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore AS a
      756 words
    • Article, Illustration
      Lock icon Bus, MRT fares may fall at next price review
      480 4  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE next public transport fare review exercise in Singapore, which is due to take place at the end of 2015, could well see the prices of bus and MRT rides adjusted downwards. This reduction, which
      480 words
    • Article
      Lock icon Extensive powers for administrators with MediShield Life Scheme Bill
      469 4  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore SINGAPOREANS and permanent residents are one step closer to having a universal health coverage. The MediShield Life Scheme Bill, which makes provision for the scheme’s implementation and administration, was tabled in parliament on Monday To
      469 words
    • Article
      Lock icon Consumer-protection laws being reviewed
      384 4  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE government is reviewing Singapore’s consumer protection laws so that faster and more effective action can be taken against unfair trading practices and errant retailers. Under consideration is whether an agency either an existing one or one set up afresh
      384 words
    • Article
      Lock icon MPs show support for collective unions for PMEs
      384 4  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore PROFESSIONALS, managers and executives (PMEs) in Singapore may soon be collectively represented by unions while individually, they could also be eligible for limited representation on re-employment matters. The 2014 Industrial Relations (Amendment) Bill was debated during
      384 words
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      Lock icon Page 2 Advertisements Column 1
      252 2 Keppel Infrastructure Trust (Business Trust Registration No. *****02) (Constituted in the Republic of Singapore as a business trust pursuant to a trust deed dated 23 July 2009 (as amended)) Notice of Books Closure Date Distribution Payment Date Notice is hereby given that the Unit Transfer Books and Register of Unitholders
      252 words
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      5 2 More Parliament reports, Page 4
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  • Page 3 Advertisements
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      356 3 fHwsta PRESTIGIOUS WEALTH MANAGEMENT WITH GREATER TIME COMES APPRECIATION. The following Fixed Deposit Bundle Promotion* is an exclusive offer to those who understand that patience unlocks value. For it is a virtue that we have practised for over 80 years here in Bank of China Singapore Branch. Apply today and
      356 words
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  • Page 4 Advertisements
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      70 4 12th edition 19 22 March 2015 Singapore EXPO Hall 6 11am 10pm Daily Participate in Singapore’s MEGA Food Beverage Fair Sell local international food products to over 250,000 visitors during the March school holiday period! Book Your Space NOW! *Limited Booths Available! For more information, call *****620 or email to
      70 words
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      59 4 R'feSi m^anmar Incorporating: Myanmar O retail? Urban and City Planning Conference 2015 Real Estate Show Myanmar 2015 29 June -1 July 2015 Yangon, Myanmar n l I Your gateway to trends and investment opportunities in Myanmar's real estate Contact Jason at +65 6848 6051 or email jason@sphereconferences.com to find out
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  • COMPANIES & MARKETS
    • Article
      Lock icon Keppel Reit’s Q4 DPU down
      694 5  -  Earnings affected by Prudential Tower sell-off and later inclusion of MBFC Tower 3 contribution By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore KEPPEL Reit’s divestment of its stake in Prudential Tower led its fourthquarter distribution per unit (DPU) to fall to 1.51 Singapore cents for the period
      694 words
    • Article
      Lock icon Keppel Infrastructure FY14 earnings down 10.4%
      409 5  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore EARNINGS of Keppel Infrastructure Trust (KIT) for the full financial year ended Dec 31, 2014, were lower from a year ago due to lower production of NEWater, lower power tariff from plunging oil prices and higher trust expenses.
      409 words
    • Article, Illustration
      Lock icon M1 rings in record full-year net profit S$175.8m
      624 5  -  By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore M1 phoned home a 9.9 per cent increase in fourth-quarter profit to S$44.5 million, capping off a year of record net profit, it reported on Monday. For the full year ended Dec 31, 2014, the telco’s
      624 words
    • Article, Illustration
      Lock icon Paint tycoon tops Singapore billionaire list
      859 6 Nippon Paint South East Asia Group founder Goh Cheng Liang is richest person with an US$8.2 billion fortune, according to the Bloomberg Billionaires index BLOOMBERG Singapore THE Raffles Hotel in Singapore styles itself as the city’s most graceful landmark, a 115-year-old colonial edifice that
      BLOOMBERG; LIANHE ZAOBAO FILE PHOTO  -  859 words
    • Article
      Lock icon Acquisitions lift MapletreeLog Q3 DPU
      269 6  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore SIX properties acquired this financial year helped Mapletree Logistics Trust’s distribution per unit (DPU) climb to 1.87 Singapore cents for its third quarter ended December 2014, a tad higher than the 1.84 cents a year ago. This came on
      269 words
    • Article
      Lock icon Too early to judge impact of smaller board size
      723 6  -  HOCK LOCK SIEW BY R SIVANITHY sivan@sph.com.sg @RSivanithyBT THOSE sceptical of the Singapore Exchange’s (SGX’s) move to reduce the board lot from 1,000 to 100 shares might think not a lot has changed after the first day’s trading volume amounted to
      723 words
    • Article
      Lock icon Global economy will ‘muddle through’ 2015: Allianz
      687 7  -  World still in state of ‘financial repression’; equity performance will increasingly come from dividends MARKET VIEWS By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Hong Kong WITH supportive monetary policy and much liquidity in financial markets, the global economy will muddle through 2015 in a year
      687 words
    • Article
      Lock icon Why Singapore needs a new IPO story
      373 7  -  iff® REUTERS BREAKINGVIEWS By Una Galani Hong Kong SINGAPORE remains a gateway to Asia, but not when it comes to raising equity. Up-and-coming neighbours are eating away at its share of initial public offerings in South-east Asia. It is hard to see what
      373 words
    • Article
      Lock icon Genting Singapore and SATS lead share buybacks to four-week high of $33.3m
      438 7  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore SHAKING off the holiday slumber, share buybacks by listed firms continued to surge in the second week of January, hitting a four-week high of S$33.3 million. Led by Genting Singapore and
      438 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times Index Jan 19,2014 3,307.70 +7.02 (+0.21%) Current streak 1 day Day high 3,324.34 Day low 3,297.89 52-week high 3,374.06 (July 31, 2014) 52-week low 2,960.09 (Feb 5, 2014) FTSE ST Catalist index Jan 19,2015 723.85 -4.61 (-0.63%) Current streak 7 days Day high 731.03 Day low
      63 words
    • Article, Illustration
      Lock icon STI manages 7pt rebound in low volume
      637 8  -  No major excitement on first day of trading in 100-share lots; oil and currenciess cited as main sources of market worries STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT HAVING dropped 38 points last week, the Straits Times Index managed a 7.02-point rebound to 3,307.70
      Source: Bloomberg  -  637 words
    • Article
      Lock icon STI STOCKS
      304 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 250 +5 251/244 254 206 5.7 6320.9 CapitaLand 330 +5 330/324 348 268 16.5 2.4 *****.5 CapitaMall Trust 216 -2 220/214 220 180 4.8 7491.5 CityDev 1006 +10 1006/998 1118 860 13.6
      304 words
    • Article
      Lock icon MOST ACTIVE
      38 8 VOLUME SIIC Environment 102,990,700 IHC 89,969,200 OLS Enterprise 81,342,700 Resources Prima 47,837,500 Memstar Tech 23,890,800 Market volume 1,442,875,000 VALUE Keppel Corp 50,108,782 UOB 47,101,480 DBS Grp 43,174,626 Keppel Land 40,017,066 CapitaMall Trust 39,118,463 Market value 916,904,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jan 19 VALUE CLOSE BT OB/OS -458.00 +31.00 BT CADI -*****.00 -50.00 BT 10-day MA -*****.00 -46.00 FTSE ST Mid Cap 759.16 +2.40 FTSE ST Small Cap 491.16 -2.00 FTSE ST All Share 796.13 +1.51 FTSE ST China Top 191.12 -0.25 FTSE ST China 229.87 +0.94 FTSE
      77 words
    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share FTSE ST All-Share index Jan 19,2015 796.13 +1.51 (+0.19%) Current streak 1 day Day high 799.61 Day low 794.33 52-week high 819.39 (July 31, 2014) 52-week low 722.35 (Feb 5, 2014)
      35 words
    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE index Jan 16,2014 1,741.90 -3.07 (-0.18%) Current streak 1 day Day high 1,752.29 Day low 1,735.10 52-week high 1,995.49 (Jul 3, 2014) 52-week low 1,697.01 (Jan 7, 2015)
      33 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 4 5 0 0 0 7 4 5 Manufacturing 37 61 26 8 7 11 45 68 37 Commerce 15 22 21 3 9 2 18 31 23 Tpt/Stor/Comms 18 12 9
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,046 16,046 66,121 66,121 Manufacturing 178,085 31,943 210,028 69,266 4,359 73,626 Commerce 92,917 20,967 113,884 89,141 1,179 90,320 Tpt/Stor/Comms 74,331 659 74,990 110,767 135 110,902 Finance 13,086 50 13,136 137,961 11 137,972 Construction 27,415 14,366
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    • Article
      Lock icon SGX ETFs
      107 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap UETF SSE50China 219 -16 461 230/216 238/140 217/219 68.4 STI ETF 336 +2 210 337/336 343/298 336/337 DBXT CSI300 US$ US944 -78 140 1038/936 1044/613 926/940 IS MS India US$ US780 +4 62 791/776 791/541 779/780
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    • Article
      Lock icon GAINERS
      73 8 BY CENTS CLOSE UP 52w high/low DBXT iBoxxSing SG$ ***** 279.0 2.1 *****/***** GLD US$ ***** 221.9 1.4 *****/***** SPDR DJIA US$ ***** 215.3 0.9 *****/***** DBXT Nifty US$ ***** 182.1 1.0 *****/9759 JMH USD 6300 66.5 0.8 6610/4934 BY PERCENTAGE CLOSE UP 52w high/low CN9200MBeCW*****8 10.5 105.9 5.4
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    • Article
      Lock icon LOSERS
      75 8 BY CENTS CLOSE DOWN 52w high/low SPDR S&P500 US$ ***** -489.1 -1.8 *****/***** DBXT Chia50 US$ 3275 -202.0 -4.4 3464/2577 Lyxor ChinaH US$ 1558 -136.9 -6.2 1700/1221 DBXT CSI300 US$ 944 -103.7 -7.6 1044/613 DBXT S&P Short US$ 2275 -41.2 -1.3 2752/2197 BY PERCENTAGE CLOSE DOWN 52w high/low CN*****MBeCW*****8
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    • Article
      Lock icon UNUSUAL ACTIVITY
      80 8 VOL CLOSE($) CHANGE SingaporeKitchen 55.0 0.120 -0.020 -14.29 Nico Steel 222.0 0.115 -0.005 -4.17 LH 1,806.0 0.005 +0.002 +66.67 MYP 289.5 0.160 +0.010 +6.67 Qian Hu 310.2 0.090 +0.011 +13.92 KepLand.ES.1501 8.0 3.590 +0.220 +6.53 Hu An Cable 3,151.1 0.043 -0.005 -10.42 Armarda 4,750.2 0.002 -0.002 -50.00 AnnAik
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    • BROKERS’ TAKE
      • Article
        Lock icon Reits
        151 8 Neutral DMG Partners Research, Jan 19 THE continual flattening of the yield-curve will benefit more Reits than developers in our view. Most Reits have hedged their interest rates risk to fixed rates over the coming one-to-three years. According to their sensitivity analysis, a 50 basis-point increase in interest rates
        151 words
      • Article
        Lock icon First Reit
        237 8  -  Compiled by Joyce Hooi Buy Jan 19 close: S$1.315 Target price: S$1.40 OCBC Investment Research, Jan 19 FIRST Reit’s (FReit) Q4 2014 results came in within our expectations. Distribution per unit (DPU) of 2.04 Singapore cents represented a 3.6 per cent y-o-y increase on the back of a
        237 words
    • Article
      Lock icon CALENDAR
      36 8 DATA I 4.00 pm (Jan 21) S’pore COE bidding results I 8.00 pm (Jan 21) US MBA morgage applications I Jan 22 S’pore real estate statistics I 9.30 pm (Jan 22) US Initial Jobless Claims
      36 words
    • Article
      Lock icon Euro still struggling near 11-year low
      393 9 CURRENCIES REUTERS London THE euro edged up against the US dollar on Monday but was still close to an 11-year low as investors braced themselves for the European Central Bank (ECB) to take its boldest steps yet to combat deflation and revive the eurozone’s
      REUTERS  -  393 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Jan 19 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.984 5.111 0.711 6.372 50.708 103.648 0.963 8.860 2.932 1.054 82.791 36.692 1.093 9.506 0.711 25.931 26.759 0.543 0.822 Canada 1.017 5.196
        471 words
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        Lock icon HANG SENG
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Jan 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0920 1.0935 0.8217 0.8222 Canadian dollar 1.1104 1.1118 0.8359 0.8355 Euro 1.5357 1.5371 1.1555 1.1557 NZ dollar 1.0358 1.0374 0.7794 0.7800 Sterling pound 2.0098 2.0118 1.5123 1.5126
        155 words
      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Jan 19 S$ Bid Offer 1-month 1.3291 1.3304 2-months 1.3294 1.3308 3-months 1.3296 1.3310 6-months 1.3302 1.3318 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        442 9 o n* wot iow sm VO. •All* OflWT NIKKEI MS INDEX FUTURES SPOT ***** 78 1703V 80 *****58 WSTIS ***** 00 *****.00 *****00 *****00 *****1 *****7 iliniS ***** 00 *****00 16*50 00 ***** 00 130 >76!, MS Cl TAIWAN INDEX FUTURES SPOT ***** 841 19 337 85
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        205 9 Most active Jan 19 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left OLS Enterprise W*****5 0.1 -0.1 9998 1 1 57 7.00 31 KepCorp MB eCW*****2 6.5 0.7 5971 0.2 900 5 DBS MB eCW*****2 8.5 -0.7 2777 0.1
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 9 In local curr In S$ In US$ dy yr dy yr dy yr Jan 16 Index Change Change Change Change Change Change World Preliminary 1248.4 0.3 -2.1 0.2 -2.3 0.3 -2.5 EAFE Preliminary 974.1 -0.3 -1.3 -0.3 -1.7 -0.2 -1.9 Europe Preliminary 1371.3 0.0 -0.8
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Jan 19 $S Offer Bid 0vernight 0.05 0.03 1-month 0.625 0.50 2-months 0.625 0.50 3-months 0.6872 0.5625 Overnight mode: 0.05 US$ Offer Bid 7 days 0.17 0.07 1 month 0.23 0.13 2 months 0.28 0.18 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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      • Article
        Lock icon SIBOR
        36 9 Jan 19 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 0.***** 3 mths 0.***** 6 mths 0.***** Source: Thomson Reuters
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      • Article
        Lock icon GOVERNMENT SECURITIES
        65 9 Jan 19 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 105.12 5-Year N*****0H 1.625 01-Oct-19 101.57 101.65 101.65 10-Year NY*****H 3.000 01-Sep-24 110.13 110.35 110.20 15-Year NY*****E 2.875 01-Jul-29 107.93 107.98 107.95 20-Year NZ*****V 3.375 01-Sep-33 115.56 115.55 115.40
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        249 9 Jan-16 Price Net change change Last Trade Agricultural Jan-16 CBOT Soybeans (US cents/bu) 991.75 0.75 0.08% 13/03/2015 CBOT Soybean Oil (US cents/lb) 33.39 0.40 1.21% 13/03/2015 CBOT Wheat (US cents/bu) 532.75 0.00 0.00% 13/03/2014 Jan-16 LIFFE Cocoa (£/tonne) 2031.00 -13.00 -0.64% 16/03/2015 LIFFE Coffee (US$/tonne) 1941.00 -32.00 -1.62%
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      Lock icon Page 5 Advertisements Column 1
      915 5 Advertorial S/IMSUNO VOICES ■1 56 *****337 *9 55 ***** 5731 839 66f Step into the lobby of S P Jain’s Singapore campus and the presence of trading screens with “live” stock prices makes you wonder if you have stepped into an actual trading room. Business education gets a 21 st
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      573 6 TEACHING THINKING DOBS AND SUCCESS IS NOT TAUGHT 1 Emeritus Professor, Education for State and Founder of The Institute for Habits of Mind Recipient of the Lifetime Achievement Award from the National Urban Alliance in 2010 Served as President of the California Association for Supervision and Curriculum Development and was
      573 words
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      Lock icon Page 6 Advertisements Column 2
      41 6 o wwwromyrsg ea Selina «3.1415»MV 1 Scan Watch j showbiz.omy.sg 3 If you're looking to buy or rent an HDB apartment, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988. Need a room flat?
      41 words
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      Lock icon Page 7 Advertisements Column 1
      62 7 FACT. I am fed up of using so many software systems. This is crazy! Learn of the joys of integration. Call us today! ERP+CRM Software A truly integrated solution Serving Singapore companies proudly for 22 years FACT Software International Pte Ltd (*****6146Z) 10 Hoe Chiang Road #14-07 Keppel Towers Singapore
      62 words
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      284 7 FUTURE i I t I II I i i t a CHINA ADVANCED LEADERS PROGRAMME Citodfmngfiitiire leaders to b ‘China-ready” “China-savvy and Connected //Every class has been very relevant, from addressing China's current issues to inculcating the Chinese culture in us. Learning about the tea culture, wine appreciation, calligraphy and
      284 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Private home resales up 8.4% in H2 from H1
      997 10  -  But new sales by developers and subsales continue to fall, down 36% and 9.4% respectively, according to DTZ analysis By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore IN what could be a ray of hope for a recovery in resale volumes of private
      PHOTO: BLOOMBERG  -  997 words
    • Article
      Lock icon Ornate malls mushroom in Iran to attract elite
      1104 11 Developers have broken ground on 400 shopping malls across the country, 65 in Tehran alone NYT Tehran, Iran THE low rumble of powerful engines reverberated against the high-rises of Zaferanieh, an upmarket neighbourhood, as Porsches and Mercedes lined up to enter the
      NYT  -  1,104 words
    • Article, Illustration
      Lock icon Chinese property loans come under selling pressure
      530 11 BLOOMBERG Singapore LOAN investors are shunning Chinese property developers amid speculation that the government will target more builders after pledging to step up anti-graft probes. Loans from Shimao Property Holdings Ltd, Country Garden Holdings Co, Evergrande Real Estate Group Ltd and Greentown China
      BLOOMBERG; PHOTO: BLOOMBERG  -  530 words
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      380 10 En Bloc Sale of Thong Sia Building 30 Bideford Road opp The Paragon Freehold 26-storey tower with naming rights Landmark location 150 m to Orchard Road Corner plot; Land: 21,602 sf GFA: 156,303 sf Suitable for refurbishment or redevelopment 62,520 sf Commercial great for retail/medical* 93,780 sf Residential ideal for
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      228 10 GROUND FLOOR RETAIL UNIT AT PEOPLE’S PARK COMPLEX Located right at mall entrance Good shopper traffic Total strata area 5,081 sq ft Stable rental income Expression of Interest Closing: Tues, 3 March 2015, 3pm Investment Advisory Services: CLEMENCE LEE 9724 2939 CEA Registration No: R*****2Z TAN CHUN MING 9877 3804
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      197 11 m BANYAN TREE QROL/P SPECIAL OFFERS available BANYAN TREE GROUP PROPERTY SHOWCASE LAGUNA BINTAN Sat 24 th Sun 25 th Jan 2015 11 am 7 pm Fairmont Hotel 80 Bras Basah Road Level 4, Orchard Room LAUNCH OF LAGUNA PARK BINTAN STUNNING RESORT RESIDENCES AND NEW PHASE LAUNCH OF CASSIA
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Bank losses from SNB surprise seen mounting
      762 12 These will be in the billions and there will be ripple effects throughout the financial system: Boston University don BLOOMBERG Zurich THE US$400 million of cumulative losses that Citigroup Inc, Deutsche Bank AG and Barclays plc are said to have suffered from the
      BLOOMBERG; PHOTO: REUTERS  -  762 words
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      Lock icon Swedish banks say rate fall making borrowers complacent
      687 12 BLOOMBERG Stockholm MORE than three years of falling interest rates have made Swedes complacent about the risks of household debt costs, the nation’s biggest lenders said. That’s evident in the mortgage market where the majority of borrowers are taking flexible-rate loans even
      BLOOMBERG; PHOTO: BLOOMBERG  -  687 words
    • Article
      Lock icon HK-Shanghai stock link needs time: regulator
      303 12 Hong Kong THE chairman of China’s securities regulator said on Monday that it will take time for trading on the Hong KongShanghai equity link to grow as international investors get familiar with China’s securities rules while regulators improve the scheme. His comments come amid
      303 words
    • Article
      Lock icon Nomura Securities to raise entry-level wages; Daiwa may increase all salaries by 2%
      403 12 REUTERS Tokyo JAPAN’S Nomura Securities said on Monday it will lift wages for entry-lev-el workers from April, answering a call by Prime Minister Shinzo Abe for companies to boost pay to help the economy recover from recession.
      REUTERS  -  403 words
    • Article
      Lock icon China issues draft rules restricting entrusted lending
      466 12 REUTERS Shanghai CHINA’S banking regulator has issued draft rules to tighten supervision of entrusted loans, a kind of shadow banking product, in a move seen targeting excessive leverage used to speculate on stocks. The move follows an announcement on Friday that regulators would
      REUTERS  -  466 words
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      29 12 Western restaurants want a slice of the reunion dinner market stern taurants nt a slice of reunion ner market [Ml iii To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • ENERGY & COMMODITIES
  • Page 13 Advertisements
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      271 13 THE BVI BUSINESS COMPANIES ACT, 2004 INFO CHOICE INVESTMENTS LIMITED (Company Number: *****32) (the "Company") (IN VOLUNTARY LIQUIDATION) Notice is hereby given pursuant to Section 204(1)(b) of the BVI Business Companies Act 2004, as amended, that the Company is in voluntary liquidation. The date of commencement of the liquidation is
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  • TECHNOLOGY
    • Article
      Lock icon Lenders turn to big data to know customers
      1102 14 Signals about behaviour are the focus of startups that are creating new lending models NYT San Francisco WHEN bankers of the future decide whether to make a loan, they may look to see if potential customers use only capital letters when filling
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      Lock icon Measurement firm to track US video viewers across many devices
      369 14 NYT New York PEOPLE are spending an exploding amount of time watching video on their mobile phones or streaming programmes to their television sets, but so far the industry has struggled to track that behaviour. The measurement firm comScore plans
      NYT  -  369 words
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      Lock icon Windows 10 gives Microsoft reason for optimism
      1067 14 NYT Seattle OPTIMISM is a renewable resource at Microsoft. In 2011, the company, in a belated attempt to catch up with Apple and Google in the smartphone world, announced a partnership with Nokia, the Finnish device maker. “There are other mobile ecosystems,” Nokia
      NYT  -  1,067 words
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      Lock icon Xiaomi to buy 3% of software firm Kingsoft
      243 14 REUTERS Beijing CHINA’S Xiaomi Inc has agreed to buy about 3 per cent of software firm Kingsoft Corp Ltd from Tencent Holdings Ltd for HK$527 million (S$90.5 million), according to a Kingsoft filing on Monday. The deal with Xiaomi, the world’s third-biggest
      REUTERS; PHOTO: REUTERS  -  243 words
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      57 14 HOT PROPERTY BEAUTIFUL CONSERVATION OFFICE Prinsep Place. Quaint Quiet. 592 785 sf, $3.6k $4.6k SMALL OFFICE D3 Leng Kee area. Utilities bill wifi incl. Mins to Redhill MRT. INT'L PLAZA, 463SQFT. Sea view. New Carpet. Glass Mgr Director rm. Split A/C OFFICE SPACES FOR RENT! Check this and many other
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  • CONSUMER
    • Article
      Lock icon Did Google Glass lack a proper vision?
      917 15 Today, Glass is more like a case study in the perils of developing hardware whose purpose isn’t clear NYT New York YOU won’t have Glass to kick around anymore. At least not for a while. On Thursday, Google announced that it would stop
      NYT  -  917 words
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      Lock icon Tesco puts pressure on rivals with price cuts, improved customer service
      696 15 REUTERS London FOUR months into the job, Tesco boss Dave Lewis has wasted no time imposing a range of price cuts and customer service improvements designed to regain the initiative in a tough market. There are already signs that
      REUTERS; PHOTO: BLOOMBERG  -  696 words
    • Article
      Lock icon Marks & Spencer’s strategy may be testing shareholders’ patience
      841 15 Marks Spencer’s strategy may be testing shareholders’ patience UK retailer has posted 14 straight quarterly declines in clothing, footwear and homeware sales REUTERS London FOR generations, British children went to school in Marks Spencer’s clothes, teenagers turned to it for first interview suits and shoppers of all ages bought its
      REUTERS  -  841 words
    • Article
      Lock icon Indie movie studio goes for low-cost digital marketing
      623 15 NYT los Angeles TAKE a quiz about your open-sea survival skills on Buzzfeed. Score maybe seven out of 10, marking you as the type who might make it through a mid-ocean disaster. And up pops an offer of, say, 30 per cent
      NYT  -  623 words
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  • TRANSPORT
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      Lock icon Moody’s more upbeat on global airline industry as fuel costs fall
      685 19  -  US carriers will see largest increases in profit margins, helped by a mature domestic market and minor exposure to weakening foreign currencies By Angela Tan angelat@sph.com.sg Singapore THE outlook for the global airline industry is looking brighter as carriers
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      Lock icon PSA handled 65.4m TEUs of containers globally in 2014
      262 19  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT PSA International (PSA) handled 65.44 million twenty-foot equivalent units (TEUs) of containers at its port projects around the world for the year ending Dec 31, 2014. The group’s volume increased by 5.8 per cent over 2013
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      Lock icon China shipyards brace for leaner times as oil slump sours rig-building spree
      632 19 REUTERS Shanghai FOR China’s shipyards, the oil rig market that was supposed to be a blessing is in danger of becoming a curse. As crude prices slide, oil producers are slashing new project spending. With a near 40
      REUTERS; PHOTO: BLOOMBERG  -  632 words
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      Lock icon Under-fire Uber tries to mend fences with Europe
      459 19 NYT New York TRAVIS Kalanick, chief executive of the ride-hailing service Uber, wants to play nice with Europe. That was the message Mr Kalanick delivered at a technology conference on Sunday in Munich, saying he wanted to work with politicians to find
      NYT; PHOTO: AFP  -  459 words
    • Article
      Lock icon Subaru puts China production on hold as car demand wanes
      140 19 BLOOMBERG Tokyo FUJI Heavy Industries Ltd, the only Japanese automaker without Chinese government approval to start a joint venture, has put efforts to build cars on hold in the country, where demand growth is slowing. Sales in China would not
      BLOOMBERG  -  140 words
    • Article
      Lock icon Uber adjusts business model to comply with South Korea rules
      217 19 BLOOMBERG Seoul UBER Technologies Inc will begin directing users to a cab company in South Korea’s third-largest city as the car-sharing service adjusts its business model to comply with local regulations. Uber will begin services in Incheon, north-west of Seoul,
      BLOOMBERG  -  217 words
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  • OPINION
    • Article
      Lock icon Malaysia needs to get to the bottom of its domestic water challenges
      557 20 EDITORIAL IT is good that Malaysian Prime Minister Najib Razak is about to conduct a Budget review (on Tuesday) after the devastating floods in peninsular Malaysia earlier this month. He has also decided to get an expert panel
      557 words
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      Lock icon Facts don’t matter to those who reject government’s role
      845 20  -  THE BOTTOM LINE By Paul Krugman NYT IT’S now official: 2014 was the warmest year on record. You might expect this to be a politically important milestone. After all, climate change deniers have long used the blip of 1998 an unusually
      NYT  -  845 words
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      Lock icon Obama to lose either way in oil pipeline row
      1229 20  -  The Keystone oil pipeline pits environmentalists against energy companies and is becoming the first legislative battle this year between Mr Obama and Republican congressional leaders. By Leon Hadar Washington IT IS going to be the first 2015 tournament game in Washington
      PHOTO: AFP  -  1,229 words
    • Article
      Lock icon WEF meets at potential historical crossroads
      873 21  -  COMMENTARY By Andrew Hammond T The writer is associate at LSE IDEAS at the London School of Economics, and a former UK government special adviser THE 2015 World Economic Forum (WEF) begins on Wednesday in Davos, Switzerland. The event has become a premier annual
      873 words
    • Article
      Lock icon HR managers must adapt to meet challenges of regional integration
      745 21  -  Sean Darilay T The writer is global data services manager at Towers Watson South East Asia THE Association of Southeast Asian Nations (Asean) is approaching a new milestone: the implementation of the Asean Economic Community (AEC) in 2015. This community
      745 words
    • Article
      Lock icon Rental revision not 10%; no renovation cost deal
      102 21  -  LETTER TO THE EDITOR Gerry Ball I REFER to the Bloomberg article “S’pore empty homes may climb to highest since 1998” (BT, Jan 19). I am Sam King’s landlord, and I can confirm that the rental revision was 3.75 per cent lower,
      102 words
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      Lock icon Singapore’s anti-graft laws: 5 possible areas for reform
      1077 21  -  The 55-year-old anti-corruption laws here are some of the most aggressively enforced, but they need to keep pace with global developments. The set-up of the Asean Economic Community is a catalyst too. By Wilson Ang TThe writer is a Singapore-based partner at
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPINGS TIMES
    968 22 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville Hanjin California 0013E 23 Jan 11 Feb 04 Mar 10 Mar 11 Mar 13 Mar 16 Mar 16 Mar 20 Mar 20 Mar 25
    968 words
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      201 22 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business times Shipping times Experienced $h;p maintenance services wanted. Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 Highlight Your Company Anniversary Come publicise
      201 words
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  • LIFE & CULTURE
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      Lock icon Why Oscar nominations matter
      1544 23 The Best Picture nomination for the Martin Luther King Jr biopic Selma seems too little, too late. BY DAVID CARR NYT New York JANUARY 19 is Martin Luther King Jr Day and given the context, it is an interesting moment to ask whether it really matters
      NYT; PHOTOS: REUTERS  -  1,544 words
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      Lock icon Burgundy vintages drove wine auction sales in 2014
      481 23 BLOOMBERG London BURGUNDY’S share of wine-auction sales rose in 2014 as interest in Bordeaux vintages waned, with the Domaine de la Romanee-Conti estate driving demand, according to US houses Acker Merrall Condit and Zachy’s Wine Auctions Inc. Burgundy led Bordeaux by 41
      BLOOMBERG; FILE PHOTO  -  481 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      305 23 CRYPTIC CROSSWORD Across 1 Not at all amused, reply angrily dismissing daughter (2,8) 6 Measure of a ruler’s progress? (4) 9 Civilisation finds remedy imprisoning Unionist officer (7) 10 The charms of west Africa must include Italian cocktails (7) 12 Earth’s revised opinion? (6,2,5) 14 New honesty boxes left in
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  • SME
    • Article, Illustration
      Lock icon Local fish farm to net global market
      1123 24  -  Barramundi Asia is poised to become the world’s largest barramundi supplier while remaining environmentally sustainable. BY FIONA LAM fionalam@sph.com.sg UNDER the unforgiving sun, fish with black, glistening scales splash about the ocean surface eagerly it is feeding time. A boat stops at each
      PHOTO: YEN MENG JIIN  -  1,123 words
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      Lock icon Throwing out your IT equipment too soon?
      1153 24  -  A global survey finds that SMEs are not maximising returns on investments COMMENTARY By Jason Ogden The writer is vice-president of the Asia-Pacific for Curvature IN this day and age, the deployment and leverage of information technology is a lifeline in the way
      PHOTO: BLOOMBERG  -  1,153 words